Midway — Investor Presentation (April 2020)
9 slides from Midway's investor presentation, Apr 29, 2020
Slide 1: The Midway Growth Story
The Midway Growth Story Tony Price Managing Director PAC Partners 29 April 2020
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Midway Limited ACN 005 616 044 (Midway or the Company). The information contained in this presentation is current at the date of this presentation. The information is a summary overview of the current activities of the Company and does not purport to
Slide 3: Midway's key business activities across the value chain
Midway’s key business activities across the value chain Key areas of expertise Plantation and land Harvesting and logistics Processing and materials Marketing and shipping Management • Existing freehold estate • Extensive experience in • Management of woodfibre • Market most of own (fee simple) Cont
Slide 4: A long history of export growth
A long history of export growth Geelong Portland Brisbane Tasmania Tiwi 3.35 3.04 2.92 3.00 2.89 2.18 1.66 1.63 1.46 1.34 1.23 1.23 1.08 1.07 0.99 0.97 0.85 0.88 0.70 0.67 0.58 0.58 0.58 0.43 0.33 0.21 0.26 0.12 0.15 0.20 0.15 0.02 0.05 0.09 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 199
Slide 5: Clear Growth Strategy
Clear Growth Strategy Increasing EBITDA over time: 1. EXPANSION OF EXISTING BUSINESS ▪ Growth of plantation management – driven by growing fibre demand and carbon sequestration ▪ Wood-fibre export businesses – Midway Tasmania and WA ▪ Development of hardwood and softwood log exports – QCE & Tiwi Isl
Slide 6: Grow and Diversify earnings
Grow and Diversify earnings EBITDA-S $’M 2019 EBITDA-S $’M 2018 -0.8 Woodfibre processing 0.9 -2.4 2.1 0.1 Woodfibre processing 0.0 Forestry Logistics Forestry Logistics Plantation Plantation 42.7 Management Management 30.8 Ancillary Ancillary Note: Excludes eliminations from calculation (1) Forestr
Slide 7: Expanding our geographic footprint
Expanding our geographic footprint 7
Slide 8: Emerging Biomass Market
Emerging Biomass Market Japan: Wood Pellet Imports, 2013-2019 Domestic Market Thousand Tonnes 1,800 • Established biomass market in WA Other 1,600 Vietnam China • East Coast expansion opportunities 1,400 Canada 1,200 • Production of Biochar from bark waste 1,000 Export Market 800 • Commenced bulk bi
Slide 9: In summary
In summary • Established track record • Clear growth strategy • Positive long term outlook 10