Novus Holdings Ltd. · JSE:NVS

Novus — H1 2020 Earnings Presentation

17 slides from Novus's earnings presentation, November 2019

  1. Slide 1: Six Months Ended 30 September 2019

    SIX MONTHS ENDED 30 SEPTEMBER 2019 Novus Holdings Interim Financial Results 2020

  2. Slide 2: Agenda

    AGENDA Novus Holdings Interim Financial Results 2020 2

  3. Slide 3: Executive Overview

    EXECUTIVE OVERVIEW NOVUS HOLDINGS | 2019 INTERIM RESULTS 3

  4. Slide 4: Results Summary

    RESULTS SUMMARY REVENUE R2 227 m [Sep ‘18: R2 297m] (3,0%) OPERATING PROFIT (Excl. profit/ (loss) on disposal of assets and investments, impairments and reclassification of foreign currency translation reserve) R146 m [Sep ’18: R228m] (36%) HEADLINE EARNINGS PER SHARE 29,4c [Sep ‘18: 49,4c] (40,5%)

  5. Slide 5: Financial Review

    Novus Holdings Interim Financial Results 2020 5

  6. Slide 6: Group Income Statement Key Features [Six Months Ended Sep 2019]

    GROUP INCOME STATEMENT KEY FEATURES [SIX MONTHS ENDED 30 SEP 2019] 2019 2018 % CHANGE (Rounded) Revenue R2 227m R2 297m (3,0%) ▼ Gross profit R478m R599m (20,3%) ▼ Gross margin 21,4% 26,1% (4,7%) ▼ Overheads R332m R371m (10,5%) ▼ OPERATING PROFIT (Excl. profit/ (loss) on disposal of assets and inves

  7. Slide 7: Financial Review: Cash Flow Movements

    R’000 50 -350 -250 -150 -50 150 250 Cash balance 01 Apr 2019 -54 Operating profit +128 Depreciation +84 Novus Holdings Interim Financial Results 2020 Inventories +44 CASH FLOW MOVEMENTS SIX MONTHS ENDED 30 SEPTEMBER 2019 Trade and other receivables -286 +0 Trade and other payables Loan repayments an

  8. Slide 8: Capex Overview [Excl. Intangibles]

    CAPEX OVERVIEW [EXCL. INTANGIBLES] SIX MONTHS ENDED 30 SEPTEMBER 2019 R’000 2015 2016 2017 2018 2019 160 140 120 100 80 104 60 83 72 40 37 24 20 31 12 18 17 9 0 Maintenance Expansion Novus Holdings Interim Financial Results 2020 FINANCIAL REVIEW 8

  9. Slide 9: Print Segment | Commentary

    PRINT SEGMENT | Commentary R’000 FY16 FY17 FY18 FY19 FY20 SIX MONTHS ENDED 30 SEPTEMBER 2019 2 500 000 45% 2 127 939 40% • Decline in print revenue of 6,3%. 2 039 501 1 955 671 • Print gross profit margin decreased by 2 000 000 1 828 534 35% 5,5% to 24,0%. 32,0% 1713 702 • This segment has also seen

  10. Slide 10: Packaging Segment | Commentary

    PACKAGING SEGMENT |Commentary R’000 FY16 FY17 FY18 FY19 FY20 SIX MONTHS ENDED 30 SEPTEMBER 2019 2 500 000 45% • Packaging revenue contribution to the 40% Group showed an increase of 6,4%. 2 000 000 • ITB revenue up on prior year by 15,7%. 35% • Total Labels business revenue down on 31,0% 30% prior y

  11. Slide 11: Tissue Segment | Commentary

    TISSUE SEGMENT | Commentary R’000 FY16 FY17 FY18 FY19 FY20 SIX MONTHS ENDED 30 SEPTEMBER 2019 2 500 000 45% 40% • Revenue increased contributing 5,9% to 35% Group revenue during the period (FY19: 2 000 000 30% 4,8%). 25% 1 500 000 20% • Gross profit margin improved by 3,4% 15,4% 15% turning positive

  12. Slide 12: Group Overview

    GROUP OVERVIEW R’000 FY16 FY17 FY18 FY19 FY20 SIX MONTHS ENDED 30 SEPTEMBER 2019 2 500 000 45% 2 294 583 2 297 452 2 176 516 2 227 417 2 082 757 40% • Diversified operations (Packaging and Tissue) increased revenue contribution 2 000 000 35% from 20% to 23%. 31,4% 30% 28,7% • Gross profit significan

  13. Slide 13: Novus Holdings | 2019 Interim Results

    NOVUS HOLDINGS | 2019 INTERIM RESULTS

  14. Slide 14: Outlook & Segmental Focus

    OUTLOOK & SEGMENTAL FOCUS PACKAGING TISSUE PRINT • Print will continue to drive operational • Packaging is expected to contribute • Preferred outcome for the Tissue efficiencies and to adjust capacity positively to the Group revenue in H2. operation is to exit. requirements, while focusing on • ITB

  15. Slide 15: Group Strategy Update

    GROUP STRATEGY UPDATE FY20 REFINED FOCUS Ensure optimal group capital • Refine target linked KPI’s per facility on a monthly basis and take corrective measures where required. structure and that operations • Optimise net working capital by reducing stockholding and debtors’ book, as well as stretchi

  16. Slide 16: Novus Holdings | 2019 Interim Results

    NOVUS HOLDINGS | 2019 INTERIM RESULTS

  17. Slide 17: Investor Relations Contacts

    INVESTOR RELATIONS CONTACTS +27 21 550 2500 Investor.Relations@novus.holdings NOVUS HOLDINGS | 2019 INTERIM RESULTS

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