Vulcan Steel Ltd. · ASX:VSL
Vulcan Steel — UBS Australasia Conference 2023
18 slides from Vulcan Steel's conference presentation, Nov 14, 2023
Slide 1: Vulcan to present at the UBS Australasia Conference
Vulcan Steel Limited (ASX: VSL, NZX: VSL) ASX and NZX release 14 November 2023 Vulcan to present at the UBS Australasia Conference Please find attached a copy of Vulcan Steel Limited’s (Vulcan) presentation for the UBS Australasia Conference on Tuesday, 14 November 2023. For personal use only ENDS K
Slide 2: UBS Australasia Conference
For personal use only UBS AUSTRALASIA CONFERENCE 14 NOVEMBER 2023
Slide 3: Disclaimer
VULCAN For personal use only UBS CONFERENCE AUSTRALASIA VULCAN.CO Disclaimer The material contained in this document is a presentation They may also be based on factors which are subject to of information about Vulcan Steel Limited’s (Vulcan) significant uncertainties and contingencies which may act
Slide 4: Agenda
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO 01 For personal use only OVERVIEW 02 FINANCIALS AND OPERATIONS Agenda 03 OUTLOOK AND GUIDANCE 04 Q&A 05 SUPPLEMENTARY INFORMATION 3
Slide 5: Overview
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO 01 For personal use only Overview 4
Slide 6: A sound return in FY23
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO A sound return in FY23 For personal use only ROCE 1 REVENUE NZ$ ADJUSTED EBITDA 3 NZ$ ADJUSTED NPAT4 NZ$ 21% $1,245m $219m $95m 2 down 16% from 37% in FY22 up 28% on $973m in FY22 down 10% on $243m in FY22 down 33% from $142m in FY22 OPERATING CASHFLOW NZ$
Slide 7: Value creation strategy & implementation
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO Value creation strategy & implementation • Overriding principle - Provide a service proposition that adds value to customers and that is also accretive to For personal use only Vulcan shareholder value • Approach to value capture - Greenfield and brownfiel
Slide 8: Financials & Operations
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO 02 For personal use only Financials & Operations 7
Slide 9: Trading in first months of FY24
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO Trading in first 4 months of FY24 • Revenue decline of 9% year-on-year (yoy) was driven by lower average selling price and volume compared For personal use only with previous corresponding period • The yoy weakness in 4M FY24 EBITDA was due to a combinatio
Slide 10: Half-yearly volume and financial trends
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO Half-yearly volume and financial trends For personal use only REVENUE (NZ$m) SALES VOLUME (Tonnes Per Day, tonnes) 700 1400 600 1200 500 1000 400 800 300 600 200 400 100 200 0 0 1HFY21 2HFY21 1HFY22 2HFY22 1HFY23 2HFY23 4MFY24 1HFY21 2HFY21 1HFY22 2HFY22 1
Slide 11: FY24 Outlook
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO FY24 Outlook • Based on the first four months of trading in FY24, sales volumes are showing early signs of stabilising For personal use only • High interest rate levels are expected to limit the extent of a recovery • Trading in New Zealand was variable in
Slide 12: Q&A
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO 04 For personal use only Q&A 11
Slide 13: Supplementary Information
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO 05 For personal use only Supplementary Information 12
Slide 14: Vulcan's business
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO Vulcan’s business Vulcan added aluminium to the company’s steel & metals distribution and processing services offering in August 2022 For personal use only STEEL METALS Steel Distribution Plate Processing Coil Processing Stainless Steel Engineering Steels
Slide 15: Vulcan's network
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO Vulcan’s network Opportunity to drive more operating leverage 70 1,325 12k STRATEGI C ALL Y LO C AT ED SITES 1 COMPANY EMPLOYEES 1 ACTIVE CUSTOMERS 2 from our footprint and scale For personal use only DARWIN CAIRNS TOWNSVILLE x 2 WHANG ARE I x 2 MACKAY x 2
Slide 16: Growth strategy & update
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO Growth strategy & update For personal use only Expansion of Business Brownfield Entry into new product and/or Mergers and improvement expansion geographies service offering Acquisitions initiatives • Strong track record in • Expanded into 10 regional • Inc
Slide 17: Vulcan's history
VULCAN UBS CONFERENCE AUSTRALASIA VULCAN.CO Vulcan’s history The journey so far... For personal use only Acquired Ullrich Successfully Aluminium’s Vulcan operates listed on the extrusion, 29 logistics and ASX and NZX on distribution Consolidated processing 4 November 2021 and fabrication Acquired in
Slide 18: VULCAN.CO
For personal use only VULCAN.CO