Ive Group Ltd. · ASX:IGL
Ive — Shareholder Meeting (November 2022)
17 slides from Ive's shareholder meeting presentation, Nov 22, 2022
Slide 1: IVE Group Limited 2022 Annual General Meeting
IVE Group Limited 2022 Annual General Meeting Chief Executive Officer’s Presentation Matt Aitken 22 November 2022
Slide 2: Contents
Annual General Meeting 22 November 2022 Contents Financial performance 3 Key business highlights 4 Lasoo 7 Ovato transaction 10 Capital raising 13 Packaging – further growth and diversification opportunity 14 Outlook 15 2
Slide 3: Financial performance dashboard
Annual General Meeting 22 November 2022 Financial performance dashboard A strong uplift in underlying financial performance following two years of unprecedented uncertainty and volatility GROSS PROFIT REVENUE EBITDA NPAT MARGIN $759.0m $96.6m $33.1m 46.6% ↑ 15.6% on PCP ↑ 13.3% on PCP ↑ 66.1% on PCP
Slide 4: Key business highlights
Annual General Meeting 22 November 2022 Key business highlights Strong uplift in underlying financial performance following two years of unprecedented uncertainty and volatility. Significant uplift in both earnings and dividends, strong cash flow (despite a necessary and material increase in invento
Slide 5: Strategic initiatives
Annual General Meeting 22 November 2022 Strategic initiatives > Integration of the November 2021 acquisitions of Active Display Group (ADG) and AFI Branding Solutions (AFI) has progressed in line with expectations and has significantly expanded IVE’s third party logistics (3PL) and retail display bu
Slide 6: Improving shareholder returns
Annual General Meeting 22 November 2022 Improving shareholder returns > EPS growth of 71.1% over PCP > Final dividend of 8 cents per share, contributing to a full year dividend of 16.5 cents per share fully franked, up 17.9% from 14 cents per share PCP > Return on funds employed (ROFE) improved to 2
Slide 7: Lasoo transformation
Annual General Meeting 22 November 2022 transformation > Lasoo was the first digital catalogue site in Australia, established in 2007 and acquired by IVE in 2020 > Despite limited historical functionality, Lasoo retained significant and loyal consumer and retailer support, as evidenced by impressive
Slide 8: Lasoo relaunched
Annual General Meeting 22 November 2022 14 Lead-generation retailers live on the platform ALDI Coles Target Vintage Cellars relaunched Australia Post Big W Chemist Warehouse Foodland (IGA) The Good Guys Tyres & More Woolworths Bob Jane T-Marts Kmart Liquorland > The new platform went live in Septemb
Slide 9: Lasoo go-to-market campaign
Annual General Meeting 22 November 2022 go-to-market campaign DOOH large format DOOH small format/retail Radio Print APEX native Social SEM Digital TVC prospecting and remarketing 9
Slide 10: Ovato transaction
Annual General Meeting 22 November 2022 Ovato transaction > On 14 September 2022, IVE completed the highly accretive and > At the time of acquisition, Ovato operated out of three key sites: strategically attractive acquisition of substantially all of Ovato’s printing and finishing assets — Warwick F
Slide 11: Transaction strategic rationale
Annual General Meeting 22 November 2022 Transaction strategic rationale Expected transaction financial metrics > The transaction represents the final significant consolidation of this > The integration of an estimated $160m of Ovato revenue into IVE’s segment of the printing industry manufacturing f
Slide 12: Overview of Ovato integration
Annual General Meeting 22 November 2022 Overview of Ovato integration IVE has a strong track record of successfully integrating acquisitions across a range of sectors in which it operates Ovato sites Brisbane Sydney Perth Total revenue revenue split $30m $120m $10m $160m Integration plan – key princ
Slide 13: Capital raising
Annual General Meeting 22 November 2022 Capital raising > While Ovato’s net purchase consideration was funded from existing facilities, IVE subsequently completed a $19.3m capital raising in October 2022 comprising an $18m institutional placement and a $1.3m retail share purchase plan which resulted
Slide 14: Packaging – further growth and diversification opportunity
Annual General Meeting 22 November 2022 Packaging – further growth and diversification opportunity > As previously advised, the Company views (segments of) the packaging sector as a natural adjacency to the Group’s existing diversified product and service offering > To assist in further refining and
Slide 15: Outlook
Annual General Meeting 22 November 2022 Outlook The solid underlying fundamentals of the business combined with the strength of our balance sheet place IVE in an ideal position to deliver further revenue and earnings growth, supplemented by the Ovato transaction and expected investment in further gr
Slide 16: FY23 guidance
Annual General Meeting 22 November 2022 > Accordingly, the Company reaffirms the FY23 guidance provided on 25 August 2022: — Underlying EBITDA of $105m* — Underlying NPAT of $36m* > Full year capital expenditure is expected to be $14m** > We remain vigilant with respect to the management of paper (a
Slide 17: Thank you
Thank you IVE Group Limited ABN 62 606 252 644 Level 3, 35 Clarence Street Sydney NSW 2000oup.com.au Authorised by the IVE Board Contact: Tony Jackson Investor Relations investors@ivegroup.com.au +61 410 499 043