Bowler Metcalf Limited · JSE:BCF

Bowler Metcalf — H1 2021 Earnings Presentation

13 slides from Bowler Metcalf's earnings presentation, December 2020

  1. Slide 1: Interim Results Presentation December 2020

    | BOWLER METCALF LIMITED Interim Results Presentation December 2020

  2. Slide 2: Agenda

    • Welcome • Group Results • Packaging Results & Overview • What Lies Ahead?

  3. Slide 3: Group Results: HEPS and Headline Earnings

    R’m 2020 2019 HEPS (cents) 67,6 53,5 Increase of 26% Headline Earnings (R’m) R48,8 R42,8 Increase of 14%  HEPS impacted by previous period share buy-backs  Property segment slight increase in earnings  Holdings segment (Bowler Metcalf) decrease in earnings due to substantial decrease in interest

  4. Slide 4: Fixed Assets, Working Capital and Cash Flow

     Fixed Assets – Plant & Equipment R26m – Investment Property R3m  Working Capital – Additional investment due to higher trading levels – ‘Covid’ having an negative impact on debt collection  Cash Flow – Slightly down for the period – Positive operating cash flow applied to capex (R29m)and treasur

  5. Slide 5: Bowler Packaging Results and Overview

    cf} BOWLER PACKAGING ~esults and Overview

  6. Slide 6: Packaging Revenue Increase

    Inflation Adjusted, Packaging Revenue R'm Revenue increase  Mainly volume Interim Revenue related (surprising?)  Diverse product range  Customer centricity  Resilience from informal sector  ‘Trajectory’ in line for H1 June-16 June-17 June-18 June-19 June-20 June-21

  7. Slide 7: Margins and Operating Costs

    • Margins  Flat….pricing pressure mitigated by good cost control • Operating Costs Focused hands-on operational management Disciplined teams in challenging times  Overall benefit of volumes  Good cost saving initiatives…especially warehouse & supply chain  Covid risk mitigation costs  Covid ‘

  8. Slide 8: Capex and Opex

    • Capex Plant & Equipment • Technology (including to reduce reliance on imports) • Bespoke projects • Upgrades & replacement • Energy cost management • Expansion and restructure of facilities Building • Epping premises (investment property) • Philippi warehouse • Opex  Organisational Development

  9. Slide 9: What Lies Ahead?

    = BOWLER METCALF LIMITED . hat lies Ahead ?

  10. Slide 10: Property Development and Packaging Recovery and Growth

     Property Development for expansion and cost effectiveness  Recovery and growth in Packaging business – NBD – Business line expansion  Digitalisation  Organisational development

  11. Slide 11: Revenue Stress, Costs and Risks

     Revenue Stress ( Covid / SA Inc ) – Economic outlook murky / slow down – Consumers discretionary spending – Cost recovery from price increases?  Costs and Risks ( Covid / Global / Eskom) – Raw material price escalation and supply uncertainty – In-bound supply chain ‘groaning’ – Load shedding

  12. Slide 12: Share Buy-back, Cost Optimization and Projects

     Share buy-back  Energy and other cost optimization in progress  Exciting projects environment  Proposition for business line expansions identified

  13. Slide 13: Thank You

    = BOWLER METCALF LIMITED hank You

Bowler Metcalf — H1 2021 Earnings Presentation on 6ix