Oldfields Holdings Ltd · ASX:OLH
Oldfields — Shareholder Meeting (January 2022)
19 slides from Oldfields's shareholder meeting presentation, Jan 27, 2022
Slide 1: Oldfields Holdings Limited
oldfields HOLDINGS LIMITED
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This company presentation (“Presentation”) has been prepared by Oldfields Holdings Limited ABN 92 000 307 988 “OLH”, “Oldfields”, or “the Company”) Summary information: This Presentation contains summary information about OLH and its related bodies corporate and thei
Slide 3: Board of Directors
Board of Directors Jonathan Doy – David Baird - Non Jie (Joe) Ma – Non Richard Abela – Chairman (Interim) Executive Director Executive Director Managing Director & CEO 3
Slide 4: Agenda
Agenda 1. Welcome 2. Chairman’s Address 3. CEO Address 4. Resolution 1 – Re-election of Director 5. Resolution 2 – Remuneration Report 6. Resolution 3 – Approval of Additional Share Issue Capacity under ASX Listing Rule 7.1A 4
Slide 5: Chairman's Address
Chairman’s Address JONATHAN DOY
Slide 6: Welcome
Welcome ▪ Financial year 2021 has been the year of resilience and adaptation for the majority of businesses in the Australian economy. Oldfields was no exception having exposure to both retailers and building. We are greatly looking forward to a fully opened up landscape in 2022. ▪ Shortly you will
Slide 7: Welcome
Welcome ▪ Despite the conditions, we have been working hard in building on and executing prior strategic objectives and we believe we are now well placed to capitalize on the returning market volumes and confidence. ▪ Part of the new growth will require replenishment of capital and the board and man
Slide 8: Managing Director & CEO
Managing Director & CEO RICHARD ABELA
Slide 9: Review of FY2021 – A year of resilience
Review of FY2021 – A year of resilience FY2021 Continued to provide confronting & unpredictable challenges. Impact on the Scaffolding business • The year was continually punctuated with lockdowns without notice which played havoc with both divisions but in particular the Scaffolding business which o
Slide 10: Review of FY2021 – A year of resilience
Review of FY2021 – A year of resilience The business continues to be responsive to the changing environments • Revenue preservation, key staff retention and cost reductions were the theme of FY2021. • Clients service and relationship maintenance was critical as we knew that the work would return and
Slide 11: FY2021 Full Year Review (Audited)
FY2021 Full Year Review (Audited) • Revenue for FY2021 decreased around 8% to $23M mainly due to the impacts from COVID-19 lockdowns. • Gross profit margin further reduced by 3% to 38.6% as a result of general market conditions. • Operating expenses decreased by around 7% to $9.6M. • The annual repo
Slide 12: FY2021 Paint Tool Essentials
FY2021 Paint Tool Essentials • Year on Year revenue growth of 24% – Pleasing take up across the board with painter feedback very positive on productivity and finish. – Home renovation lift during lockdown has assisted. • Market share gains – across the board – Good growth in all product categories.
Slide 13: FY2021 – Scaffolding
FY2021 – Scaffolding • Volumes to return as public and government sectors open up. – Worksites reopening has seen an immediate pick up in the level of quoting. – Builder confidence is beginning to return and pipelines are refilling. – Key sales clients are forecasting a return to pre pandemic volume
Slide 14: Items of Business
ITEMS OF BUSINESS
Slide 15: Financial Statements & Reports
Financial Statements & Reports To receive and consider the following reports of the company for the financial year ended 30 June 2021; • The financial report (which includes the Statement of Financial Position, Statement of Comprehensive Income, Cash Flow Statement and Directors Declaration); and •
Slide 16: Resolution 1 – Re-election of Director
Resolution 1 Re-election of Jonathan William Doy as a Director “That Jonathan William Doy, who retires by rotation in accordance with the Company's Constitution, and being eligible, offers himself for re-election as a Director, be re-elected as a Director.“ 16
Slide 17: Resolution 2 – Remuneration Report
Resolution 2 Remuneration Report “That the FY2021 Remuneration Report be adopted” 17
Slide 18: Resolution 3 – Additional Share Issue Capacity
Resolution 3 Approval of Additional Share Issue Capacity under ASX Listing Rule 7.1A “That pursuant to and in accordance with ASX Listing Rule 7.1A and for all other purposes, the shareholders of the Company approve the issue of Equity Securities up to 10% of the issued capital of Oldfields Holdings
Slide 19: Oldfields
oldfields
Oldfields Holdings — Shareholder Meeting (January 2022) on 6ix