Big River Industries Ltd. · ASX:BRI
Big River Industries — Shareholder Meeting (October 2018)
13 slides from Big River Industries's shareholder meeting presentation, Oct 24, 2018
Slide 1: FY2018 AGM - CEO Presentation
Big River Industries Limited (ASX:BRI) For personal use only FY2018 AGM - CEO Presentation – 24 October 2018
Slide 2: Presentation Contents
Presentation Contents For personal use only Description Page Company Overview 3 FY2018 Financial Results 4 Strategy Update 5 Q1 FY2019 Trading Conditions 11 Outlook 12 FY2018 AGM – CEO Presentation
Slide 3: Company Overview
Company Overview For personal use only ❑ Listed in May 2017 (ASX: BRI) ❑ Company origins dating back some 100 years ❑ 13 sites nationally covering the major population centres, including 2 manufacturing sites ❑ National branch network servicing the broad construction market ❑ Leading brand position
Slide 4: FY2018 Financial Results
FY2018 Financial Results ❑ Revenue growth of 19% to $211m For personal use only ❑ EBITDA up 7.2% to $11m ▪ Small gains in gross margin due to favourable product mix ▪ Imported formply growth also helped improve gross margin at a branch level ▪ Growth was despite a $1.3m decline in manufacturing cont
Slide 5: Improved business segmentation to enhance focus
Strategy Update Improved business segmentation to enhance focus For personal use only Revenue by Industry Segment Revenue by Product Category Revenue by State 4% 5% 7% $34m 5% 11% 10% 29% 33% $103m 14% 13% $73m 14% 22% 33% Detached Housing Commercial Building Materials High Density Residential NSW Q
Slide 6: All Regions contribute positively to Group results
Strategy Update All Regions contribute positively to Group results For personal use only NSW QLD Southern Region Region Region FY2018 - EBITDA: $11.0m, ROFE: 16.2% Revenue: $75m Revenue: $75m Revenue: $61m ROFE: 16.0% ROFE: 17.4% ROFE: 15.2% FY2018 AGM – CEO Presentation 6
Slide 7: All product categories contribute positively to Group results
Strategy Update All product categories contribute positively to Group results For personal use only Building Formwork Specialty Products FY2018 - EBITDA: $11.0m, ROFE: 16.2% Revenue: $73m Revenue: $104m Revenue: $34m ROFE: 10.4% ROFE: 25.6% ROFE: 13.0% FY2018 AGM – CEO Presentation 7
Slide 8: Both functions contribute positively to Group results
Strategy Update Both functions contribute positively to Group results For personal use only Manufactured Traded Products Products FY2018 - EBITDA: $11.0m, ROFE: 16.2% Revenue: $50m Revenue: $161m ROFE: 11% ROFE: 21% FY2018 AGM – CEO Presentation 8
Slide 9: Key Strategic initiatives 2019
Strategy Update Key Strategic initiatives 2019 For personal use only ❑ Implement the new three region and three pillar growth strategy ▪ Leverage Big River’s unique 3-in-1 business model ▪ Solid organic growth opportunities in implementing this successfully ❑ Acquisition pipeline being assessed is v
Slide 10: Current Distribution Sites and Target Areas
Strategy Update Current Distribution Sites and Target Areas For personal use only Legend Manufacturing Facility Sales and Distribution - Actual Acquisition Target Areas FY2018 AGM – CEO Presentation 10
Slide 11: Q1 FY2019 Trading Conditions
Q1 FY2019 Trading Conditions ❑ Q1 like-for-like distribution sales up 2% For personal use only ▪ Actual growth of 6% including acquisition contribution ▪ Small decline in manufactured wholesale sales, as planned ❑ Solid Q1 growth in like-for-like building products revenue of 9% ▪ Offset by small dec
Slide 12: FY2019 Outlook
FY2019 Outlook ❑ We believe the market is showing some signs of softness For personal use only ▪ October is soft so far, although weather is a big factor ❑ Multi-residential has slowed, in particular NSW and SEQ ▪ Several projects have been delayed or deferred ▪ Bank lending policy appears a signifi
Slide 13: For personal use only
For personal use only FY2018 AGM – CEO Presentation 13
Big River Industries — Shareholder Meeting (October 2018) on 6ix