Big River Industries Ltd. · ASX:BRI
Big River Industries — Investor Day (June 2022)
22 slides from Big River Industries's investor day presentation, Jun 14, 2022
Slide 1: Site Tour: Big River Melbourne Sites
For personal use only Site Tour Big River Melbourne Sites 14 June 2022
Slide 2: Index
For personal use only Index • Business Introduction - Jim Bindon (CEO) • Strategy summary - Jim Bindon (CEO) • Panels business unit - Craig Dorward (EGM – Panels) • Construction Products - John Lorente (EGM – Construction Products) • Summary - Jim Bindon (CEO)
Slide 3: Building Australia for over 100 years
Building Australia for over 100 years For personal use only • A proud history dating back to the late 1800’s • Successfully listed for 5 years after > 100 years in the same family ownership • A vertically integrated manufacturer and distributor of timber, panels and building materials • A well diver
Slide 4: Summary of business metrics
Summary of business metrics For personal use only 25% of revenue - manufactured by BRI 23 sites across the FY22 (f) revenue ~ $400m 25% of revenue - direct imported by BRI major population (5 year CAGR ~ 18%) 50% of revenue – sourced from large centres of Australia Strong U-EBITDA growth local suppl
Slide 5: Strong geographic and category diversity
Strong geographic and category diversity For personal use only BTC’s – 45% of revenue F&C – 26% of revenue Panels – 29% of revenue 0% 0% 5
Slide 6: Strategic growth plans and long term financial targets
Strategic growth Plans Long term Financial targets For personal use only Network expansion • Continue to deliver revenue growth ahead of • Aim to average ~ 2-3 acquisitions per year. addressable market changes • Sustain 10% EBITDA margins • Medium term goal: • Maintain net working capital to sales r
Slide 7: Craig Dorward: Panels Sites (Campbellfield & Dandenong)
For personal use only Craig Dorward Panels Sites (Campbellfield & Dandenong) 14 June 2022
Slide 8: Panels Business Unit Snapshot
Panels BusinessPanels Unit Snapshot For personal use only Market leading panels businesses under one roof Our Vision Our Mission To be industry leaders in Use our technical expertise and architecturally beautiful panels supply chain strength to create value for a sustainable world for our customers
Slide 9: Panels Sites Locations Map
Site Site Locations For personal use only – 8Location Sites Map – 8 sites Panels Sites 3 x Manufacturing 5 x Distribution Targets
Slide 10: Panels Business Highlights
Panels Panels Business Highlights Overview For personal use only Where we are Decorative Structural • 8 Sites Products Technical • ~ 200 staff Commodity • Revenue > $110m • >3500 Accounts, largest account <2% Architectural Residential Housing Alterations & Additions Moving Forward Markets Commercial
Slide 11: Specialty Panels Market
Specialty Panels Market • Big River is a major Panels manufacturer and importer in the $2b + ANZ Plywood & For personal use only Panels market Direct Big River has a competitive advantage through scale, broad capability and its direct to trade offering Maxiply Wholesale Low Product Breadth High • So
Slide 12: Panel Installations
Installed panels Panel Installations For personal use only
Slide 13: R&D at Work
R&D At WorkR&D at Work Bridge Infill Panel For personal use only Bridge Systems Structural Plywood and 170mm thick Plywood Deck & Fibre Cement 600mm thick LVL beams Antislip Plywood Structural Plywood & Custom coating
Slide 14: John Lorente: Construction Products site (Dandenong)
For personal use only John Lorente Construction Products site (Dandenong) 14 June 2022
Slide 15: Construction Business Snapshot
PanelsUnit Construction Business For personal use only Snapshot Formwork & Commercial Building Trade Centres Big River’s vision is to be Australia’s leading diversified building products distribution business to trade customers .
Slide 16: Construction Sites Location Map
Construction sSite Location Map ite Locations – 8 sites – 15 Sites For personal use only Construction sites 11 x Building Trade Centres 8 x Distribution Sites 3 x Frame & Truss plants 4 x Formwork & commercial sites 3 x Steel rolling lines
Slide 17: Construction Highlights
Construction Panels Highlights Business Overview For personal use only Construction • 15 Sites Formwork & • ~ 350 staff Division Building Trade Centres • Revenue > $280m Commercial • >6500 Accounts, Top 750 ~80% Building Products / Residential Commercial and Formwork Focus General building Concrete
Slide 18: Australian general building supplies market
Panels building Australian general For personal use only Highlights supplies market Fragmented market, with c.700+ un–bannered privately owned building materials outlets Trade Not affiliated Total Focus attributable trade distribution market is c.$15 billion Affiliated Corporate Retail Focus Small S
Slide 19: Formwork Products market
Panels Highlights Formwork Products For personal use only market • Big River is a major manufacturer and distributor of formwork product Multiple States Single state Formply / Steel Steel Decking PVC Wall Hire Systems LVL Reinforcing • Attributable market of ~$1b, or $2b including Steel reinforcemen
Slide 20: Formwork & Commercial Installations
Installed panels Formwork & Commercial For personal use only Installations AFS Readiwall ArmourForm & Deckply ArmourDeck RedEdge
Slide 21: Building Trade Centres Installations
R&D Building Trade at Work Centres Installations MaxiWall For personal use only
Slide 22: Summary – Big River
Summary – Big River For personal use only • A durable, sustainable business with a long and proud history • Strong earnings growth driven by a well diversified business model • An attractive industry with a very large addressable market size • The fragmented industry structure creates excellent cons