Ipd Group Ltd · ASX:IPG
Ipd — Investor Presentation (February 2024)
27 slides from Ipd's investor presentation, Feb 26, 2024
Slide 1: Solution provider to the Australian electrical market
Solution provider to the Australian electrical market FY24 HALF YEAR RESULTS | 26 FEBRUARY 2024 IPD GROUP FY23 RESULTS PRESENTATION 0
Slide 2: Presenters
Presenters Michael Sainsbury Jason Boschetti Mohamed Yoosuff Executive Director & CEO Chief Financial Officer Executive Director Strategic Development 1 IPD GROUP - FY24 FY24 Half Half Year YearResults Results 1
Slide 3: What we'll share today
What we’ll share today FY24 Half Year Results – Overview – Financial Performance – Market & Business Update – Strategy & Outlook – Q&A 2 IPD GROUP - FY24 FY24 Half Half Year YearResults Results 2
Slide 4: Overview
Overview IPD GROUP - FY24 FY24 Half Half Year YearResults Results 3
Slide 5: Our Vision and Mission
Our Our Vision Mission To help build a future where To enhance every aspect of sustainable electrical infrastructure infrastructure through energy creates a better life for all. efficiency, automation and secure connectivity while prioritising the safety and wellbeing of people. IPD GROUP - FY24 Hal
Slide 6: Successfully evolving
Successfully evolving Increasing our value proposition in a growing energy market Complete electrical engineering services Power distribution, energy management for high and low voltage projects with EV and automation product distribution with charging infrastructure specialisation complimentary cus
Slide 7: Corporate snapshot
Corporate snapshot Capital Structure Board of Directors ASX Code IPG David Rafter Non-Executive Chair ASX Share price $5.30 ( 1) IPO Date 17th December 2021 Andrew Moffat Non-Executive Director Shares on issue 103,380,078 Net Debt $23.7M (2) Michael Sainsbury Executive Director & CEO Market capitali
Slide 8: HY24 Results overview
HY24 Results overview Financial performance Continued growth for the Group drives earnings to top end of guidance range (1) (1) (1) Revenue Underlying EBITDA Underlying EBIT Underlying NPAT Earnings Per Share $120.7m $16.5m $14.0m $9.8m 10.8 cents Up 8.8% (PCP $110.9m) Up 23.1% (PCP $13.4m) Up 21.7%
Slide 9: Financial Performance
Financial Performance IPD GROUP - FY24 Half Year Results 8
Slide 10: Financial overview
Financial overview EX Engineering and growing daily trade business results in strong margin growth Underlying (1) Movement % Acquisition of EX Engineering and growing daily $m 1H FY24 1H FY23 (vs last year) trade business delivers strong gross profit, EBITDA, Revenue 120.7 110.9 8.8% EBIT and NPAT m
Slide 11: Sales & earnings growth
Sales & earnings growth Record revenue & EBITDA results Revenue of $120.7million, up 8.8% on pcp Revenue Underlying EBITDA (1) • The acquisition of EX Engineering and growing daily trade $226.9m has contributed to the Groups revenue growth. $16.5 m $14.3 m EBITDA of $16.5 million, up 23.1% on pcp $1
Slide 12: Pro-forma financial performance
Pro-forma financial performance Pro-forma sales and earnings demonstrates IPD’s growth Pro forma (1) Pro forma(1) On a comparable pro forma basis, IPD delivers gross $m 1H FY24 1H FY23 Movement % profit, EBITDA, EBIT and NPAT growth during 1H FY23 Revenue 121.0 116.9 3.5% • Pro forma financials incl
Slide 13: Strong & flexible financial position
Strong & flexible financial position Balance Sheet As at As at $m 31 Dec 2023 30 Jun 2023 Net Assets $142.7m Total current assets 165.6 109.1 Total non-current assets 39.6 30.5 Total assets 205.2 139.6 Total current liabilities 51.1 55.0 Total non-current liabilities 11.4 11.7 $72.9m Total liabiliti
Slide 14: Continued investment for future growth
Continued investment for future growth Net working capital & dividend Net working capital (NWC) of $48.2 million Net Working Capital (NWC) Dividends • Inventory increased by $7.6 million on the prior corresponding 4.7c 4.6c 4.6c period, with over $2.5 million of this contributed by EX Engineering. $
Slide 15: Market & Business Update
Market & Business Update IPD GROUP – FY24 Half Year Results 14
Slide 16: Market update
Market update The first six months saw changes in market dynamics as the supply chain improved and certain market segments rebounded Diverse range of Data centre EV charging & technologies infrastructure infrastructure • Our diverse technologies and solutions have • Significant digital transformatio
Slide 17: Business update
Business update Main Focus Continued investment & expansion of strategic sales team. Gemtek's integration is set for completion by 1st July, anticipated to Envision : Annual technology boost operational efficiencies. roadshow highlighting motor control innovations. Post-integration, Addelec will und
Slide 18: Business update
Business update Continue to run as a separate organisation. Main Focus Expanding nationally using the Continue to run as a separate IPD Group network. organisation. Aligning NSW and WA workshops for increased manufacturing and supply. Key Projects Main Focus BARDEX (USA) Floating production storage
Slide 19: IPD 1H FY24 - Revenue split
IPD 1H FY24 - Revenue split Strong product sales while expanding our complementary services Products Services Industrial & motor control Calibration & Testing 14% 24% Automation & industrial 16% comms Power distribution 53% $109.8m Installation & commissioning 46% $10.9m 9% Maintenance & repairs 7%
Slide 20: Diversified revenue stream through CMI acquisition
Diversified revenue stream through CMI acquisition (1) Pro forma FY23A revenue ($M) Pro forma FY23A products by revenue (1) Other Power monitoring (2%) Plugs 7% 6% Automation & industrial Power communication 32% distribution 9% CMI 31% Industrial motor control 19% 25% Cables ~$331m Pro forma FY23A e
Slide 21: Product vendor relationships
Product vendor relationships Reducing reliance on single vendors Vendor concentration (1) Recent acquisitions of Ex Engineering and CMI Operations continue to support diversification. Other Other Other Other Vendors Vendors Vendors Vendors Top 10 Contribution of the top 5 vendors would drop from 62%
Slide 22: Strategy & Outlook
Strategy & Outlook IPD GROUP - FY24 Half Year Results 21
Slide 23: Strategic priorities
Strategic priorities Accelerating growth and synergy across IPD Group’s portfolio Pursue acquisitions that strategically enhance earnings. Achieving organic growth at Seek synergies for value creation and double the market rate. increased market share. Leverage sales synergies within IPD Group compa
Slide 24: Outlook
Outlook The outlook for our markets remains buoyant. The tailwinds from the electrification of the economy continue to have a positive impact and the Group is expecting a number of significant projects to commence in the second half of the year. The outlook for the business remains positive. IPD GRO
Slide 25: Q&A
Q&A IPD GROUP - FY24 FY24 Half Half Year YearResults Results 24
Slide 26: Important notice & disclaimer
Important notice & disclaimer No Reliance The information contained in this document is not investment or financial product advice and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The information provided in this pr
Slide 27: Thank you
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