Lindsay Australia Limited · ASX:LAU
Lindsay Australia — FY2019 Earnings Presentation
12 slides from Lindsay Australia's earnings presentation, Sep 16, 2019
Slide 1: Lindsay Australia FY19 Results
For personal use only LINDSAY AUSTRALIA FY19 RESULTS LINDSAY AUSTRALIA FY19 RESULTS
Slide 2: Disclaimer
DISCLAIMER DISCLAI For personal use only This presentation has been prepared by Lindsay Australia Limited (“LAL”). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or financial product advice and is not
Slide 3: The Lindsay End-to-End Solution
THE LINDSAY END-TO-END SOLUTION For personal use only Lindsay Australia Limited 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. The Lindsay Austr
Slide 4: Lindsay Group at a Glance
ABOUT GROUP LINDSAY US AT A GLANCE For personal use only $386m $40m +3,000 ~70% ANNUAL TURNOVER EBTIDA CUSTOMERS REVENUE RELATES TO AUSTRALIA WIDE HORTICULTURE CUSTOMERS +25 ~1,400 +60m +$35m DEPOTS AND RURAL EMPLOYEES KMS TRAVELLED ANNUALLY IN PACKAING SALES IN THE STORES NATIONWIDE (30% REGIONAL)
Slide 5: About Us: Our Sites
ABOUT OUR SITESUS For personal use only Lindsay Rural Mildura Innisfail Adelaide Mundubbera Mackay Brisbane Shop Murwillumbah Mareeba Brisbane Warehouse Nambour Melbourne Bowen Stanthorpe Mildura Brandon Tully Mundubbera Bundaberg Nambour Lindsay Transport Childers Perth Adelaide Coffs Harbour Stant
Slide 6: Key Highlights
KEY HIGHLIGHTS For personal use only Financial Results 2019 2018 % Change ▪ Operating revenue increased 7.1% largely supported by investments in facility additions, equipment upgrades $’000 $’000 and expanded refrigerated rail services. Operating Revenue 386,077 360,479 7.1% EBITDA 40,415 36,149 11.
Slide 7: Key Highlights: Group EBITDA
KEY HIGHLIGHTS Group EBITDA ($M) For personal use only ▪ EBITDA increased 11.8% (+4.4% underlying), benefiting cash flow and the balance sheet. Group leverage ratio (Debt/EBITDA) reduced to 2.86x (FY2018 3.36x). ▪ Overall positive result given the industry headwinds faced throughout the year from ad
Slide 8: Lindsay Transport
Transport Segment Contribution ($M) LINDSAY TRANSPORT For personal use only ▪ Revenue increased 7.4% to $268m supported by the recent expansion into Perth and diversification into rail. ▪ Segment profit contribution1 increased $2.8m to $31.2m. ▪ Rail continues to deliver positive results for the div
Slide 9: Lindsay Rural
LINDSAY RURAL Rural External Sales ($M) For personal use only ▪ Revenue increased 3.7% to $114m, like-for-like1 branch revenue grew 5%. ▪ Segment profit contribution increased $880k (29.4%) to $3.87m. The division benefited from operating cost reductions attributable to branch rationalisation and co
Slide 10: Lindsay Fresh Logistics
LINDSAY FRESH LOGISTICS For personal use only ▪ Import/export logistic revenue increased 18% to $5.48 million with total external revenue of $7.8m up 20%. ▪ Investments in new equipment during the second half of the year will generate additional revenue for the division by providing value-add servic
Slide 11: Capital Expenditure
CAPITAL EXPENDITURE For personal use only ▪ The Groups capex strategy focuses on four key areas: o TECHNOLOGY: Investing in technology to improve safety and operational Capex (Includes new finance leases) ($M) efficiency. o RAIL: Expanding the Group’s refrigerated rail fleet. o ROAD: Renewal program
Slide 12: Outlook & Opportunities
OUTLOOK & OPPORTUNITIES For personal use only ▪ The rail expansion is forecast to generate $25 million additional Transport revenue for FY2020. ▪ The new Erskine Park facility in Sydney will streamline operations and provide capacity for growth. ▪ We will continue to explore new opportunities in key