Cleanspace Holdings Ltd. · ASX:CSX
Cleanspace — H1 FY25 Earnings Presentation
16 slides from Cleanspace's earnings presentation, Feb 25, 2025
Slide 1: Half Year FY25 Results Presentation
HALF YEAR FY25 RESULTS PRESENTATION For personal use only CLEANSPACE HOLDINGS LIMITED (ASX: CSX) CleanSpace designs and manufactures innovative respiratory protection solutions for industrial & healthcare workers globally We understand the importance of best-in-class personal protective equipment th
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER ACCEPTANCE EFFECT OF ROUNDING This presentation has been prepared by CleanSpace Holdings Limited (ACN 150 214 636) A number of figures, amounts, percentages, estimates, calculations of value and fractions in this (CleanSpace). presentation are subject to the effect of r
Slide 3: H1 FY25 – Continued Strong Revenue Momentum
H1 FY25 – CONTINUED STRONG REVENUE MOMENTUM DELIVERING AGAINST OUR OBJECTIVES IN FY25 For personal use only • Continuing substantial progress with Industrial-led growth strategy: • 26% Revenue growth to $9.2M (v PCP) • 3% Gross Margin increase to 74% (v PCP) • 6% Expenses reduction (v PCP) • Op EBIT
Slide 4: H1 FY25 – On Track to Deliver FY25 Objectives
H1 FY25 – ON TRACK TO DELIVER FY25 OBJECTIVES FY25 OBJECTIVES H1 FY25 DELIVERY For personal use only • 30% Revenue growth ● 26% Revenue growth • EBITDA/Cashflow breakeven or better ● EBITDA breakeven before one-off personnel costs ● GM 74% up 3% • Strong growth in all priority markets ● UK, US, Nord
Slide 5: Consistent Positive Trends Over Years
CONSISTENT POSITIVE TRENDS OVER 3 YEARS For personal use only Versus H1 FY23: Revenue Up $3.5M Gross Margin Up 4% Expenses Down $3M EBITDA Up $6.1M $M Sales and Expenses Improvement Trends Continue Over 3-year Period 5 CleanSpace Holdings Limited | H1 FY25 Results Presentation | February 2025
Slide 6: H1 FY25 Results
H1 FY25 RESULTS Sector Revenue: • Industrial 32% growth INDUSTRIAL REVENUE GROWTH • 98% of total revenue 32% 74% • For personal use only Healthcare consumables revenue remains stable UP ON PCP GROSS MARGIN Regional Revenue: • Broad based growth in all regions and countries 29 47% CONSUMABLES / • 22
Slide 7: Operational Update – Commercial Progress
OPERATIONAL UPDATE – COMMERCIAL PROGRESS PORTFOLIO • New model CS WORK has been successfully launched in Europe and Australia. US launch in early H2. For personal use only • CST Ultra and Pro continue significant growth in both respirators and consumables sales. • Consumable sales of older generatio
Slide 8: Operational Update – R&D, Costs, Cash
OPERATIONAL UPDATE – R&D, COSTS, CASH For personal use only KEY INITIATIVES CONTINUE TO DELIVER • Continual R&D and leading technology innovation with further product launches planned in 2025. • R&D tax refund of ~$1.0m expected in H2 FY25. • Backoffice costs reduced, manufacturing footprint simplif
Slide 9: Leadership
For personal use only LEADERSHIP • 1st January 2025 - Gabrielle O’Carroll, commenced as new CleanSpace CEO • November 2024 - Graham McLean, Former CEO became Chair of CleanSpace Board • Thank You to retiring Chair, Bruce Rathie, for his service to CleanSpace over the last 3 years CleanSpace Holdings
Slide 10: Strategy Focus - Accelerate Sales Growth Whilst Containing Cost
STRATEGY FOCUS - ACCELERATE SALES GROWTH WHILST CONTAINING COST For personal use only STRATEGY RECAP The Company has developed a clear, consistent strategic focus. We will drive sustainable revenue growth with strong foundations and a fitter, leaner organisation by: 1. Focusing on industrial and min
Slide 11: Summary
SUMMARY OBJECTIVE TO DELIVER @ 25-30% REVENUE GROWTH For personal use only SUSTAINABLE MODEL with P&L LEVERAGE Our Growth Drivers: • Focus on Industrial sectors & 6 priority markets • Build brand awareness to communicate our unique value proposition (challenger brand) • Demonstrate commercial effect
Slide 12: Thank You
For personal use only Thank You 12 CleanSpace Holdings Limited | H1 FY25 Results Presentation | February 2025
Slide 13: Appendix
Appendix For personal use only 13 CleanSpace Holdings Limited | H1 FY25 Results Presentation | February 2025
Slide 14: Regional Sales Trends
REGIONAL SALES TRENDS For personal use only H1 FY25 v Revenue AUD H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 PCP Europe $2.9m $4.2m $4.8m $5.3m $5.4m +11% Asia Pacific / $1.3m $1.4m $1.6m $1.9m $2.6m +69% ROW North America $1.6m $0.7m $0.9m $1.2m $1.2m +31% Total $5.7m $6.4m $7.3m $8.4m $9.2m +26% Cons
Slide 15: H1 FY25 Income Statement Summary
H1 FY25 INCOME STATEMENT SUMMARY Change (A$M) H1 FY24 H2 FY24 H1 FY25 vs PCP % • Revenue increase 26% v PCP and 10% v prior half For personal use only Revenue 7.3 8.4 9.2 26 Gross Profit 5.2 6.2 6.8 32 • Increased high gross margin (74%) Employment costs (4.7) (4.4) (4.8) (2) • Operating expenses do
Slide 16: H1 FY25 Summary Balance Sheet & Cash Flows
H1 FY25 SUMMARY BALANCE SHEET & CASH FLOWS as at as at Summary Balance Sheet (A$M) 30 Jun 24 31 Dec 24 Summary Cash Flows (A$M) H1 FY24 H2 FY24 H1 FY25 For personal use only Cash, cash equivalents and term deposits 9.8 8.3 Operating cash flows pre-financing and (2.1) (0.3) (1.5) tax Trade and other