Ive Group Ltd. · ASX:IGL
Ive — Shareholder Meeting (November 2020)
20 slides from Ive's shareholder meeting presentation, Nov 24, 2020
Slide 1: 2020 Annual General Meeting: Chief Executive Officer's Presentation
For personal use only IVE Group Limited 2020 Annual General Meeting Chief Executive Officer’s Presentation Matt Aitken 24 November 2020
Slide 2: Contents
Annual General Meeting 24 November 2020 Contents For personal use only Financial performance 3 Year in review 4 COVID-19 response and impacts 6 Acquisition of Salmat Marketing Solutions, Reach Media and Lasoo 7 Business and brand simplification 8 Financial results 9 Profit and loss 9 Capital expendi
Slide 3: Financial performance dashboard
Annual General Meeting 24 November 2020 Financial performance dashboard For personal use only REVENUE EBITDA EBITDA MARGIN $691.5m d $76.6m 11.1% FREE CASH — NPAT excluding amortisation of customer NPATA NET DEBT TO EBITDA CONVERSION TO contracts — The underlying financial results are on a non $36.7
Slide 4: Year in review
Annual General Meeting 24 November 2020 Year in review For personal use only The year was defined by the The Company delivered a solid unprecedented impacts of financial performance as a COVID-19 result of: > We moved quickly at the > The flexibility of our cost outset of the pandemic to base and ou
Slide 5: Year in review
Annual General Meeting 24 November 2020 Year in review For personal use only The business was streamlined Dividends and strengthened through brand simplification to the one > No dividend was declared IVE brand in December 2019 during the FY20 year as a result of COVID-19 > $72m in fully franked divi
Slide 6: COVID-19 response and impacts
Annual General Meeting 24 November 2020 COVID-19 response and impacts For personal use only IVE entered this crisis in a position of strength, with the Company responding very well to the unprecedented and volatile operating environment. IVE remains well capitalised, highly liquid, and confident tha
Slide 7: Acquisition of Salmat Marketing Solutions, Reach Media and Lasoo
Annual General Meeting 24 November 2020 Acquisition of Salmat Marketing Solutions, For personal use only Reach Media and Lasoo The acquisition of Salmat Marketing Solutions (now IVE Distribution), Lasoo and Reach Media New Zealand was completed on 1 January, 2020 for a purchase consideration of $25.
Slide 8: Business and brand simplification
Annual General Meeting 24 November 2020 Business and brand simplification For personal use only In November 2019 the Group ceased going to market under 4 divisional brands (Kalido, Blue Star, Pareto, IVEO). The evolution to one IVE brand with 4 core offerings (Creative, Data-Driven Communications, I
Slide 9: Profit and loss
Annual General Meeting 24 November 2020 Profit and loss For personal use only Revenue decrease of ($32.1m) (4.4% decrease — Partly offset by increase in H2 of $10.1m NPAT on PCP) due to Salmat/Reach labour. This is net of > $32.6m > FY20 H2 revenue includes $50.0m revenue from permanent headcount re
Slide 10: Capital expenditure
Annual General Meeting 24 November 2020 Capital expenditure For personal use only $m Group wide targeted investment and maintenance 8.7 Group wide MIS upgrades 3.6 12.3 The Company’s operational footprint is in excellent shape as a result of its substantial investment program over the last 5 years.
Slide 11: Net debt
Annual General Meeting 24 November 2020 Net debt For personal use only FY2020 FY2019 Actual $m Actual $m Loans & borrowings – short term 6.9 6.3 Loans & borrowings – long term 181.8 168.9 Loans & borrowings* – Sub Total 188.7 175.2 Cash -51.6 -31.5 Net Debt 137.1 143.7 * Loans & borrowings are gross
Slide 12: Cash flow and dividend
Annual General Meeting 24 November 2020 Cash flow and dividend For personal use only Underlying IFRS During the period the Group managed its working capital closely resulting FY2020 FY2020 in free cash flow conversion of 110% to EBITDA on an underlying basis. $m $m On 3 March, 2020 IVE announced the
Slide 13: Our integrated service offering
Annual General Meeting 24 November 2020 Our integrated service offering For personal use only Creative Services > Visual > Motion > Digital > Personalised > Structural (3D) Data-Driven Communications > CX data & insights > Marketing technology > Omni-channel deployment > Retrieval & enrichment Produ
Slide 14: Sector and client spread
Annual General Meeting 24 November 2020 Sector and client spread For personal use only IVE enjoys long standing relationships with a tier 1 client base. The table below provides a snapshot of our revenue by sector for the year ended June 2020. Revenue Sector Analysis $m % Retail: White goods, electr
Slide 15: Our clients
Annual General Meeting 24 November 2020 Our clients For personal use only 15
Slide 16: Revenue and customers
Annual General Meeting 24 November 2020 Revenue and customers For personal use only > The COVID-19 revenue impact to FY20 — As part of the long term contract with ACM, we believe to be circa $80-100m. This IVE acquired ACM’s Mandurah printing was primarily felt in our web printing operation in Weste
Slide 17: Year ahead — initiatives
Annual General Meeting 24 November 2020 Year ahead — initiatives For personal use only Site relocations Following a successful pivot into PPE during Q4 Retail Display Victoria FY20, we launched our expanded range PPE To facilitate the relocation of our Distribution & Hygiene business in October 2020
Slide 18: Year ahead — initiatives – continued
Annual General Meeting 24 November 2020 Year ahead — initiatives – continued For personal use only Lasoo is Australia’s first and largest digital catalogue aggregation site currently attracting over 800,000 shoppers a month who subsequently have 21m interactions with the 2m catalogues they open, in
Slide 19: Summary and FY21 guidance
Annual General Meeting 24 November 2020 Summary and FY21 guidance For personal use only Summary Share buy-back > The year was defined by the impacts of the > On November 12, 2020, the Group announced COVID-19 pandemic its intention, as part of its ongoing capital management strategy, to conduct an o
Slide 20: Thank you
Thank you IVE Group Limited ABN 62 606 252 644 For personal use only Level 3, 35 Clarence Street Sydney NSW 2000 ivegroup.com.au Authorised by the IVE Board Contact: Richard Nelson Investor Relations richard.nelson@ivegroup.com.au +61 2 8064 5425