Slide 1: FY21 Full Year Results Presentation
FY21 Full Year Results Presentation 27 August 2021 At the Coventry Group we create a sustainable future by empowering our people to deliver great customer experiences ASX: CYG
Slide 2: Health, Safety and Wellbeing
Health, Safety and Wellbeing Improved health, safety and well-being outcomes in FY21 The health, safety and wellbeing of our people is our number one priority We value the • 7 Lost Time Injuries (LTI’s) for a total of 56 lost days for FY21 (13 LTI’s for 108 lost health, safety and days in FY20) well
Slide 3: FY21 Snapshot
FY21 Snapshot Trading performance improved despite the COVID-19 backdrop FY21 Trading Trading performance improved during FY21 with the Group delivering underlying profitability performance growth for both EBITDA and EBIT. Fourth consecutive year of sales and EBITDA growth. Group sales growth for FY
Slide 4: FY21 Highlights
FY21 Highlights Continuing our journey of sustainable profitable growth People EBITDA year on year growth Notable events Reduced LTI’s Managed COVID-19 backdrop Improved retention rates KAA small profit after 10+ years of Excellent engagement rates losses Group +6.8m TD +$5.0m NAB banking /debt faci
Slide 5: Historical Highlights
Historical Highlights KAA return to profit after 10+ years of losses Significant achievements over the last four years Four consecutive years of sales and profit growth KAA returned to profit after 10 plus years of losses Transformed the culture in the Group based on our core values Complete
Slide 6: FY21 Financial Results
FY21 Financial Results EBITDA improvement of $6.8m on the prior year Sales growth of +16.5% (including ($m) FY21 inc. FY21 exc. FY20 % change acquisitions) compared to the prior year acquisitions acquisitions inc. acquisitions Sales growth +13.6% excluding acquisitions compared to the prior year
Slide 7: FY21 Financial Results
FY21 Financial Results Sales and profit growth achieved in both segments Fluid Systems Fluid Systems ($m) FY21 inc. FY21 exc. FY20 % change An excellent year for the FS acquisitions acquisitions inc. division with sales up +24.1% and acquisitions EBITDA up +34.2% on the prior year Revenue from sal
Slide 8: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Net assets increased to $109.8m ($m) Jun-19 Jun-20 Jun-21 Cash & cash equivalents 5.3 7.5 8.2 Trade and other receivables 35.8 33.5 43.5 Net debt position at 30 June 2021 of $16.3m Inventories Other financial assets 59.9 2.0 53.6 2.1 63.9 4.0 (net debt position as at 30
Slide 9: Fluid Systems
Fluid Systems Fluid Systems markets have to date continued to perform well Markets COVID-19 • Mining and resources • No Government JobKeeper support received • Iron Ore – performing very well and expected to stay solid • Minimal impact to date from COVID-19 • Coal – performing very well despite Chin
Slide 10: Trade Distribution
Trade Distribution Trade Distribution continues to be a big opportunity for growth Markets COVID-19 • Industrial – performing well • No Government JobKeeper support received in Australia or New • Commercial construction – performing well with some localised Zealand in FY21 softness due to lockdowns
Slide 11: H.I.S. Hose Acquisition
H.I.S. Hose Acquisition H.I.S. Hose is performing to expectations and integration is proceeding to plan Completed the acquisition of the business and Acquisition H.I.S. Hose Alignment assets of H.I.S. Hose on 1 December 2020, criteria with CGL funded through the company’s debt facility strategy
Slide 12: FPS Acquisition
FPS Acquisition Fluid Power Services acquisition completed 1st May 2021 Completed the acquisition of the business and Acquisition Fluid Power Services Alignment assets of FPS funded through the company’s criteria with CGL debt facility. strategy FPS is a leading provider of specialised Industria
Slide 13: New Financing Arrangements
New Financing Arrangements Partnership with the National Australia Bank The Coventry Group has entered a new 3 year financing arrangement with the National Australia Bank (NAB). The financing agreement provides a holistic banking offering including a: $45m Borrowing Base Facility against eligibl
Slide 14: Our Values
Our Values We refreshed our vision and values during the year During the year we refreshed our vision and values of Fairness, Integrity, Respect, Safety and Teamwork (FIRST) We live our values and strive to do the right thing in all our dealings with our people, customers and suppliers Despite
Slide 15: Our Value Proposition
Our Value Proposition We are focussed on our customers needs Our customers needs are our priority We continue to strengthen our business development and sales teams to meet our customers needs We have prioritized service levels over reducing inventory – particularly in the current uncertain ti
Slide 16: Vision and Strategic Direction
Vision and Strategic Direction To be Australia and New Zealand’s leading industrial supply and services group where we do the right thing by our people, customers and partners to create a sustainable future. EXCITING OPPORTUNITY TO BUILD A LEADING SCALED INDUSTRIAL SUPPLY GROUP The Board and The Boa
Slide 17: Our Story
Our Story The Coventry Group has a proud history over 90+ years 1929 - 1967 - 1984 - 1929 1966 2000 1965 1983 Mr Ronald James Kyle The business prospers. Listed on Acquires a number of Numerous acquisitions including acquires a car dealership the ASX. businesses: diversification into a number of App
Slide 18: Corporate Snapshot
Corporate Snapshot Market capitalisation of $132.2m Key Market Metrics SHARE PRICE SHARES ON MARKET NET DEBT DIVIDEND 26 August 2021 ISSUE CAPITALISATION 30 June 2021 Fully franked $ 1.47 90.0M $ 132.2M $- 16.3M 3 cents We acknowledge the support of our substantial Shareholders 28.5% 11.3% 9.5% 5.7%
Slide 19: The Board
The Board • Appointed as a director September • Appointed CEO in May 2017 after • Appointed in September 2017. • Appointed in September 2018. • Appointed May 2020. 2014 and Chairman January 2015. holding the role of CFO and • Extensive career in senior • Former Managing Director of • Strong backgrou
Slide 20: FS TD Business Overview
Business Overview We supply a range of fastening systems, industrial products and hydraulics, lubrication, fire suppression and refuelling systems, cabinet hardware systems and other products. Trade Distribution (TD) Fluid Systems (FS) FS Comprises Konnect and Artia Comprises Cooper Fluid Systems, A
Slide 21: Trade Distribution – Business Overview
Trade Distribution – Business Overview Solid progress on our journey of sustainable profitable growth Trade Distribution (TD) comprises our network of Konnect and Artia Australia (KAA), Konnect and Artia New Zealand (KANZ) and Nubco branches. KAA is one of Australia’s leading fastener specialists
Slide 22: Trade Distribution – Branch & DC Network
Trade Distribution – Branch & DC Network New Mount Gambier branch in Australia and Invercargill branch in New Zealand opened in FY21. New store opening in Rockhampton early in FY22 and plans in place for an additional location in New Zealand. Completed a number of branch re-configurations in A
Slide 23: Fluid Systems – Business Overview
Fluid Systems – Business Overview Fluid Systems is a market leader Fluid Systems is an innovative service provider to the mining, agriculture, defence, construction, manufacturing and allied industries – specializing in hydraulics, lubrication, fire suppression, refuelling and fluid transfer syste
Slide 24: Fluid Systems – Branch Network
Fluid Systems – Branch Network The H.I.S. Hose acquisition added three additional branches in Melbourne The FPS Tasmania acquisition added our first location in Tasmania in Devonport. Opened a new branch in Port Hedland late in FY21. Perth operation being expanded to a second location (utili
Slide 25: Outlook
Outlook The Group is cautiously optimistic for the FY22 financial year The markets in which FS and TD operate are to date performing well. There are significant growth opportunities across all segments of the business – market share gains, new branches, product range extension and acquisitions.
Slide 26: Disclaimer
Disclaimer Reliance on third party information Forward looking statements The information and views expressed in this presentation were prepared by This presentation may include forward-looking statements. Although the Coventry Group Ltd (the Company) and may contain information that has Company bel
Slide 27: ASX: CYG
\) Coventry Group Ltd ) coventry Group Ltd