Coventry Group Limited · ASX:CYG
Coventry — FY2025 Earnings Presentation
19 slides from Coventry's earnings presentation, September 2025
Slide 1: FY25 Full Year Results
FY25 Full Year Results Delivering specialised industrial products, services and customised solutions
Slide 2: Disclaimer
Disclaimer Reliance on third party information Non-lFRS Financial Information The information and views expressed in this presentation were prepared by Coventry Coventry uses certain measures to manage and report on its business that are not recognised Group Ltd (the Company) and may contain informa
Slide 3: FY25 Overview
FY25 Overview =\. Coventry Group Ltd
Slide 4: FY25 result snapshot
FY25 result snapshot Disappointing FY25 results. Business has been restructured for growth. Revenue EBITDA1 Net Assets $364.6m $12.3m $111.2m -1.7% on FY24 -40.9% on FY24 $143.1m FY24 Note 1: EBITDA is before significant items and excludes the impact of AASB 16 – Leases and significant items. EBITDA
Slide 5: "Back to Basics" strategy
“Back to Basics” strategy Substantial restructure to drive growth. 2-year priorities FY26 Consistent value accretive growth - Improve sales growth run rate Disciplined execution and delivering - Continue focus on gross margins on commitments: - Disciplined cost control - New CEO and CFO, refreshed B
Slide 6: FY25 overview
FY25 overview 1. Financial information 2. Strategy and Operations Update 3. FY26 outlook 6
Slide 7: Group revenue
Group revenue 400.0 370.8 364.6 358.5 350.0 Group Revenue slowed in FY25 -1.7% to A$364.6m 322.3 ($370.8m FY24) 300.0 288.5 Sales were down year on year reflecting softer market 247.2 conditions across Australia and New Zealand, the 250.0 distraction and impact of the implementation of the Revenue 2
Slide 8: FY25 segment results
FY25 segment results Fluid Systems • Fluid Systems delivered sales of $147.4m for the year, a decrease of 7.4% compared to FY24. Revenue EBITDA 1 • EBITDA¹ declined by 29.1%, to $13.4m (FY24 19.0m). $147.4m $13.4m • Results impacted by: • Economic downturn -7.4% on FY24 -29.1% on FY24 • Delays in pr
Slide 9: Profit and loss summary
Profit and loss summary $m FY25 FY24 % change • EBITDA 1 down -$8.5m (-40.9%) on prior Revenue 364.6 370.8 -1.7% year EBITDA 1 12.3 20.8 -40.9% • EBIT 2 down -$9.2m (-46.5%) on prior Depreciation and amortisation (5.4) (3.8) 42.1% year EBIT 2 6.9 17.0 -59.4% • Profit before tax (PBT) and Net profit
Slide 10: Balance sheet summary
Balance sheet summary $m 30 June 2025 30 June 2024 • At 30 June 2025, the Group had Current Assets exceeding Current Liabilities by Total current assets 155.5 157.0 $20.7m, Net Tangible Assets were $25.4m Total non-current assets 172.7 192.4 and Net Assets were $111.2m. Total assets 328.2 349.4 • Ne
Slide 11: Cash flow summary
Cash flow summary $m FY25 FY24 Gross operating cash flow 26.5 27.8 Less Cash lease payments (17.7) (15.2) Add back Significant Items 1 8.0 10.7 Adjusted gross operating cash flow 16.8 23.3 EBITDA 2 12.3 20.8 Cash conversion % 3 136.6% 112.1% Note 1: Excludes non-cash component (onerous contract) and
Slide 12: Capital allocation reset
Capital allocation reset Restore performance and build long-term shareholder value Primary actions: - Debt repayment - New banking facility negotiated that lowers complexity and provides covenant headroom. Bank is supportive of profit improvement plans. - Near term investment focussed on organic sal
Slide 13: FY25 overview
FY25 overview 1. Financial information 2. Strategy and Operations Update 3. FY26 outlook 13
Slide 14: Strategy and Operations
Strategy and Operations Develop a high-performing, winning culture. New incentive scheme People and Culture implemented to align customer facing staff with business growth objectives. Customers Continue to provide specialized industrial products, services and solutions. Leverage new ERP efficiencies
Slide 15: FY25 overview
FY25 overview 1. Financial information 2. Operations Update 3. FY26 outlook 15
Slide 16: Trading Update & FY26 Outlook
Trading Update & FY26 Outlook EBITDA1 - “Back to basics” strategy. - Refreshed and strongly aligned executive team to execute. - All efforts focussed on sales growth, cost reduction, cash generation >$20m and debt reduction. B - Group has revenue scale and attractive gross margins. Expectation of qu
Slide 17: Appendix 1: AASB16 Reconciliation
Appendix 1: AASB16 Reconciliation FY25 FY24 Variance Variance $’000 ($) (%) Profit/(loss) before financial income and tax 1 (23,293) 9,037 (32,330) -357.8 Significant items 2 33,847 10,584 23,263 219.8 Add: Depreciation ROU Asset – Property and Vehicle 3 17,047 14,530 2,517 17.3 less: Lease payments
Slide 18: Appendix 2: Significant Items
Appendix 2: Significant Items FY25 FY24 $’000 ERP implementation costs 6,772 9,096 Restructuring costs 446 108 Acquisition costs on completed transactions 222 775 Onerous contract 1 1,269 - HRIS implementation 233 - Impairment on intangible assets 24,525 - Other 374 774 33,841 10,753 Foreign exchang
Slide 19: For further information please contact:
For further information please contact: InvestorRelationsEnquiries@cgl.com.au 19