Coventry Group Limited · ASX:CYG
Coventry — Shareholder Meeting (October 2021)
15 slides from Coventry's shareholder meeting presentation, Oct 22, 2021
Slide 1: FY21 Annual General Meeting
FY21 Annual General Meeting 22 October 2021 At the Coventry Group we create a sustainable future by empowering our people to deliver great customer experiences ASX: CYG
Slide 2: Health, Safety and Wellbeing
Health, Safety and Wellbeing Improved health, safety and well-being outcomes in FY21 The health, safety and wellbeing of our people is our number one priority We value the • 7 Lost Time Injuries (LTI’s) for a total of 56 lost days for FY21 (13 LTI’s for 108 lost health, safety and days in FY20) well
Slide 3: Our Values
Our Values We refreshed our vision and values during the year ➢ During the year we refreshed our vision and values of Fairness, Integrity, Respect, Safety and Teamwork (FIRST) ➢ We live our values and strive to do the right thing in all our dealings with our people, customers and suppliers ➢ Despite
Slide 4: Business Overview
Business Overview We supply a range of fastening systems, industrial products and hydraulics, lubrication, fire suppression and refuelling systems, cabinet hardware systems and other products. Trade Distribution (TD) Fluid Systems (FS) Comprises Konnect and Artia Comprises Cooper Fluid Systems, Aust
Slide 5: Corporate Snapshot
Corporate Snapshot Market capitalisation of $164.6m (30th June 2020 - $54.8m) Key Market Metrics SHARE PRICE SHARES ON MARKET NET DEBT DIVIDEND 21 October 2021 ISSUE CAPITALISATION 30 June 2021 Fully franked $ 1.80 91.4M $ 164.6M $- 16.3M 3 cents We acknowledge the support of our substantial Shareho
Slide 6: FY21 Snapshot
FY21 Snapshot Trading performance improved despite the COVID-19 backdrop FY21 Trading Trading performance improved during FY21 with the Group delivering underlying profitability performance growth for both EBITDA and EBIT. Fourth consecutive year of sales and EBITDA growth. Group sales growth for FY
Slide 7: FY21 Highlights
FY21 Highlights Continuing our journey of sustainable profitable growth People EBITDA year on year growth Notable events Reduced LTI’s Managed COVID-19 backdrop Excellent engagement rates KAA small profit after 10+ years of losses Group +6.8m TD +$5.0m NAB banking /debt facility in place FS +3.5m Re
Slide 8: Historical Highlights
Historical Highlights KAA return to profit after 10+ years of losses Significant achievements over the last four years ➢ Four consecutive years of sales and profit growth ➢ KAA returned to profit after 10 plus years of losses ➢ Transformed the culture in the Group based on our core values ➢ Complete
Slide 9: FY22 Q1 Update
FY22 Q1 Update Pleasing sales growth on prior year of +14.3% despite COVID-19 related disruptions Health and One LTI in Q1 2021 for a total of 6 lost days. safety Q1 FY22 Trading Group sales growth for Q1 FY22 of +14.3% on the prior year. Group sales at $78.2m ($68.3m FY21). performance FS sales for
Slide 10: The current environment
The current environment We remain cautiously optimistic Yet we remain cautiously Current challenges optimistic Managing COVID risk – Our markets are performing well vaccinations Current Government lockdowns challenges will Government stimulus will continue Construction shutdowns continue into Supply
Slide 11: Fluid Systems
Fluid Systems Fluid Systems markets have to date continued to perform well Markets COVID-19 • Mining and resources • No Government JobKeeper support received • Iron Ore – performing very well and expected to stay solid • COVID-19 impacts managed well • Coal – performing very well despite China sanct
Slide 12: Trade Distribution
Trade Distribution Trade Distribution continues to be a big opportunity for growth Markets COVID-19 • Industrial – performing well • No Government JobKeeper support received in Australia. • Commercial construction – performing well with some localised • Some Government assistance received in New Zea
Slide 13: Outlook
Outlook The Group is cautiously optimistic for the FY22 financial year ➢ The markets in which FS and TD operate are to date performing well. ➢ There are significant growth opportunities across all segments of the business – market share gains, new branches, product range extension and acquisitions.
Slide 14: Disclaimer
Disclaimer Reliance on third party information Forward looking statements The information and views expressed in this presentation were prepared by This presentation may include forward-looking statements. Although the Coventry Group Ltd (the Company) and may contain information that has Company bel
Slide 15: ASX: CYG
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