Lindsay Australia Limited · ASX:LAU
Lindsay Australia — Investor Presentation (April 2021)
18 slides from Lindsay Australia's investor presentation, Apr 1, 2021
Slide 1: Investor Presentation – Lindsay Australia Financial Results 1H FY2021
152 Postle Street Acacia Ridge QLD 4110 Locked Bag 2004 Archerfield Qld 4108 ABN 81 061 642 733 P: 07 3240 4900 F: 07 3054 0240 www.lindsayaustralia.com.au 01 April 2021 ASX Announcement Investor Presentation – Lindsay Australia Financial Results 1H FY2021 Attached is Lindsay Australia’s Investor Pr
Slide 2: Investor Presentation H1 FY21 – April 2021
INVESTOR PRESENTATION H1 FY21 – APRIL 2021 (ASX: LAU)
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Lindsay Australia Limited (“LAL”). The In particular, no representation or warranty, express or implied, is given as to the information contained in this presentation is for information purposes only. The accuracy, completeness or correctness, likeli
Slide 4: The Lindsay End-to-End Solution
THE LINDSAY END-TO-END SOLUTION Lindsay Australia Ltd (ASX: LAU) is an integrated transport, logistics and rural supply company with a specific focus on servicing customers in the food processing, food services, fresh produce, agriculture and horticulture industries from its 40+ stores and depots. T
Slide 5: Our National Transport Network
OUR NATIONAL TRANSPORT NETWORK LINDSAY RURAL Mundubbera Gatton Murwillumbah Innisfail Adelaide Nambour Mackay Brisbane Shop Stanthorpe Mareeba Brisbane Warehouse Tully Melbourne Bowen Woolgoolga Mildura Brandon Mundubbera Bundaberg LINDSAY TRANSPORT Nambour Childers Perth Coffs Harbour Adelaide Stan
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT ASX Stock Code LAU 12-month share price performance and volume Board of Directors and Key Management H1 FY21 revenue $219m KMP Role Mr Richard Anderson Non-Executive Chairman H1 FY21 underlying EBITDA $26.2m Mr Michael K Lindsay Managing Director and CEO Cash balance as at 31 Dec
Slide 7: H1 FY21 Key Highlights
H1 FY21 KEY HIGHLIGHTS Lindsay delivered record half-yearly operating revenue of $219m, with growth in Transport’s rail segment offsetting decreases in fuel levy recoveries and reductions in Fresh’s import and export revenue. Rural division increased revenue by 2.9%, reflecting sales growth 1H 2021
Slide 8: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE H1 FY21 Underlying EBITDA Bridge ($’M) H1 Group underlying EBITDA ($’M), 5 Year View 0.3 0.4 26.2 26.2 2.1 23.3 23.3 21.6 20.9 19.6 Underlying Transport Rural Corporate Underlying HY17 HY18 HY19 HY20 HY21 EBITDA HY20 EBITDA EBITDA EBITDA EBITDA HY21 Lindsay has delivered
Slide 9: Growth-Focused Capex
GROWTH-FOCUSED CAPEX Group borrowings1 ($’M) Debt maturity profile ($’M) H1 FY21 capital Rail fleet continues to Remain on track Continued fleet Did not bring forward capital expenditure expand: purchased 45 to have 400 renewal program expenditure plans as a result continued to focus on containers d
Slide 10: Segment Overview
SEGMENT OVERVIEW
Slide 11: Lindsay Transport
LINDSAY TRANSPORT Transport underlying profit ($’M) Rail revenue ($’M) vs container fleet size 26.2 26.2 250 30 18 25 200 24.4 17 20 150 16 16 16 15 13.3 100 15 1510 5 3.1 50 2.0 HY17 HY18 HY19 HY20 HY21 HY18 HY19 HY20 HY21 Freight revenue of $149.7m Rail offset most of the fuel Rail expansion remai
Slide 12: Lindsay Rural
LINDSAY RURAL Rural external sales ($’M) Rural underlying profit ($’M) 68.3 3.5 3.2 66.3 62.9 63.2 2.3 57.1 2.0 1.7 HY17 HY18 HY19 HY20 HY21 HY17 HY18 HY19 HY20 HY21 Rural division generated sales The Rural division continued to build on The Company is evaluating In March 2021, Rural opened a new of
Slide 13: Lindsay Fresh
LINDSAY FRESH Lindsay Fresh Logistics Import/Export revenues continued to be materially impacted by COVID-19, with external revenue down 38% on the pcp. Air freight remained significantly impacted due to airport closures and restrictions while sea freight was impacted by industrial action, container
Slide 14: Growth Strategy
GROWTH STRATEGY Lindsay remains In Rural: committed to maintaining its role as Continue to diversify an essential service the Group's product mix provider and its key role and focus on high in the nation's food growth regions. supply chain. To maximise value for Lindsay will continue to In Transport
Slide 15: Outlook
OUTLOOK We remain confident that Subject to potential Our strong financial and The strength of our the Group's diversified COVID‐19 related impacts operating performance, diversified business model model and strategic and unforeseen weather coupled with a robust allows us to pay dividends to initiat
Slide 16: Contact Us
CONTACT US Kim Lindsay, CEO Ph: (07) 3240 4900 E: Kim.Lindsay@lindsayaustralia.com.au www.lindsayaustralia.com.au
Slide 17: Appendix
APPENDIX
Slide 18: Reconciliations
RECONCILIATIONS Underlying results Key finance metrics 1H 2021 ($'000) EBITDA EBIT Profit Before Tax NPAT Net Borrowings ($'000) 1H 2021 1H 2020 EPS ($'000) 1H 2021 1H 2020 Statutory Result 31,710 13,744 9,323 6,511 Reported borrowings 21,150 25,108 Underlying NPAT 7,271 6,098 Depreciation right of
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