Slide 1: FY23 Full Year Results
For personal use only FY23 FULL YEAR RESULTS August 2023 This announcement has been authorised for release to the ASX by the CTI Logistics Limited Board of Directors ASX: CLX
Slide 2: Contents
CONTENTS FY23 HIGHLIGHTS 03 For personal use only ESG 05 FY23 PERFORMANCE 06 CAPITAL ALLOCATION, PROPERTY & OUTLOOK 10 CTI BUSINESS UNITS 17 CTI Logistics Expanding national footprint CTI LOGISTICS A GROWING NATIONAL BUSINESS… With a workforce over 1000 people… Spread over 30 strategic sites around
Slide 3: FY23 Highlights
FY23 HIGHLIGHTS National exposure, customer diversity, people and ongoing capital investment contribute to strong margins REVENUE EBITDA For personal use only $302m Other(1)(3) Up 7% 7% NPBT NPAT on FY22 $24.7m $17.0m Up 12% Up 12% EBITDA CAPEX on FY22 on FY22 $53.4m (4) $30.5m EBITDA Margin Transpo
Slide 4: FY23 Highlights: Customer focus and disciplined capital allocation
FY23 HIGHLIGHTS Customer focus and disciplined capital allocation creating long term stakeholder value For personal use only RECORD FINANCIAL PERFORMANCE Strong national growth across a $30.5m invested in property, plant, CAPITAL VOLUMES broad customer base, with operating equipment, security monito
Slide 5: ESG
ESG Sustainable business model, inclusive of all stakeholders ENVIRONMENT For personal use only • Sustainability Committee established with Board oversight • Fleet renewal (upgrades to Euro 5/6), rail utilisation, routing and alternative fuels • Solar and LED lighting installations on current wareho
Slide 6: FY23 Performance
FY23 PERFORMANCE For personal use only “Our achievements are testament to the hard work and dedication of our staff and subcontractors around Australia, delivering for our customers in a disrupted logistics market.” CTI Logistics Full Year Results 30 June 2023 | Celebrating 50 years 6
Slide 7: Transport Segment Performance
TRANSPORT SEGMENT PERFORMANCE Revenue growth of 7% and subcontractor management delivering strong margins For personal use only Transport Interstate Freight ➢ Benefited from supply chain disruptions, including higher volumes and demand for premium freight services Interstate WA Regional WA Metro ➢ N
Slide 8: Logistics Segment Performance
LOGISTICS SEGMENT PERFORMANCE Consistent results built on strong customer relationships For personal use only Logistics GMK Flooring Logistics ➢ Higher warehouse utilisation and handling revenue GMK Warehousing ➢ Increased transport revenues partially offset by higher subcontractor costs Flooring Lo
Slide 9: Revenue and Earnings
REVENUE AND EARNINGS Profitable and sustainable growth despite challenging market conditions For personal use only (1) (1) Revenue ($m) EBITDA ($m) NPAT ($m) 302.0 36.6 16.4 (2) 283.2 31.9 14.8 239.0 22.0 8.5 212.0 215.2 15.2 14.0 3.1 1.4 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 F
Slide 10: Capital Allocation, Property & Outlook
For personal use only CAPITAL ALLOCATION, PROPERTY & OUTLOOK CTI Logistics Full Year Results 30 June 2023 | Celebrating 50 years 10
Slide 11: Capital Allocation: Low Gearing
CAPITAL ALLOCATION: LOW GEARING Capital expenditure majority funded by cash flow; funding available for future opportunities Strong cash generation and working capital management For personal use only ➢ Operating cash flow: $30.5m(1) and strong conversion of 20.1 EBITDA to Cash ➢ Receivables: Writte
Slide 12: Capital Allocation: Strong Returns
CAPITAL ALLOCATION: STRONG RETURNS Higher returns whilst investing in the future growth of our assets and people Shareholder Dividend Returns (cents) NTA per share (cents) For personal use only Fully Franked Dividends EPS Owned property at cost EPS 22.3 114 20.2 94 78 EPS 10.9 Creating long term 54%
Slide 13: Property: Premium Owner-Occupied Development
PROPERTY: PREMIUM OWNER-OCCUPIED DEVELOPMENT Investment in future cash flows to support consistent dividends Hazelmere WA total site: 149,485sqm For personal use only Regional Freight Hub, Hazelmere WA: ➢ Significant investment in strategic location, CTI Warehousing majority funded by cash flow Site
Slide 14: Property: Premium Leased Developments
PROPERTY: PREMIUM LEASED DEVELOPMENTS GMK national warehousing investment supports increased capacity and deeper customer relationships QLD - Yatala NSW – Gregory Hills VIC - Epping For personal use only • Consolidated two GMK sites • GMK expansion on adjoining site • GMK outgrown existing site, lar
Slide 15: Property: CTI Owned Land & Buildings
PROPERTY: CTI OWNED LAND & BUILDINGS Strategic property locations, valued at cost on the Balance Sheet OWNER-OCCUPIED SITES: Great Northern Hwy • CTI Warehousing: 316 Bushmead Rd, Hazelmere, WA For personal use only • Premium location and building, staged completion between 2013 - 2016 • Site 55,566
Slide 16: Outlook
OUTLOOK Growing a sustainable platform for continued national expansion OPERATIONS: • Forecasting remains difficult in the current environment due to supply chain disruptions For personal use only • Supply base demand for mining and energy projects expected to increase • Retail demand impacted by hi
Slide 17: CTI Business Units
CTI BUSINESS UNITS For personal use only CTI Logistics Full Year Results 30 June 2023 | Celebrating 50 years 17 17
Slide 18: Transport Services
TRANSPORT SERVICES Couriers ▪ On-demand express metro and outer metro services For personal use only Parcels ▪ Same day and overnight distribution, E-commerce “last mile” B2B / B2C and one to two runs per day services Taxi Trucks ▪ On demand express services and exclusive hourly hire services; vehic
Slide 19: Logistics Services
LOGISTICS SERVICES Warehousing ▪ Australia wide 3PL, 4PL, supply chain ▪ Cross Docking and overflow warehousing ▪ Temperature controlled and food For personal use only ▪ Contracted distribution centre services grade (HACCAP) ▪ Bulk product storage ▪ Specialised warehousing ▪ Consolidation services E
Slide 20: Other Services
OTHER SERVICES Document Document and Sample Storage Document Destruction Management ▪ Secure storage ▪ On-site destruction of For personal use only ▪ Cataloguing and retrieval of documents/media and recycling document ▪ Closed loop service utilising CTI ▪ Computer media and mineral samples transport
Slide 21: Disclaimer
DISCLAIMER This presentation contains general and background information about CTI Logistics Limited (CTI, the Company) current as at the date of the presentation and should not be considered to be comprehensive or complete or to comprise all the information that an investor should consider when mak