Big River Industries Ltd. · ASX:BRI
Big River Industries — Investor Presentation (February 2019)
11 slides from Big River Industries's investor presentation, Feb 26, 2019
Slide 1: Big River Industries Limited FY2019 Half Year Results Presentation
Big River Industries Limited (ASX:BRI) FY2019 Half Year Results Presentation – 25 February 2019
Slide 2: Contents
Contents Description Page Headlines 3 Business Diversity 4 Sales Highlights 5 Acquisition & Growth 6 Earnings Summary 7 Balance Sheet 8 Cash Flow 9 Outlook 10 Disclaimer 11 Melbourne Distribution Centre – South Dandenong, VIC FY2019 Half Year Results Presentation
Slide 3: Headlines
Headlines ❑ Sales revenue up 1.3% on previous corresponding Results Summary period, to $106m Revenue $106.0m 1.3% ❑ EBITDA (before acquisition costs) down 23% to $4.5m EBITDA 1 $4.5m -23.7% in line with guidance given on 10 December 2018 NPAT $1.8m -38.2% ❑ NPAT of $1.8m down 38% on last year
Slide 4: Business Diversity
Business Diversity Revenue by Function Revenue by Product Category Revenue by State 5% 15% 6% 21% 10% 30% 79% 33% 52% 15% 34% Manufactured Products Building Materials NSW QLD VIC SA Traded Products Formwork Supplies WA ACT Plywood & Specialty Products FY2019 Half Year Results Presentation 4
Slide 5: Sales Highlights
Sales Highlights Revenue ($m's) ❑ Total revenue grew by 1.3% to $106m, on the 104.6 106.0 back of acquisition contribution not in the prior 89.1 period 85.9 77.3 ❑ Despite weaker residential markets, Building Products sales grew 9% (or flat on like for like basis), further increasing market share H1
Slide 6: Acquisition & Growth
Acquisition & Growth ❑ The acquisition of MB Prefab in Geelong is part of a broad strategy towards a prefabrication presence in all States ▪ This complements our broad Building Materials distribution footprint ❑ The segment expansion of acquired businesses continues to improve, with Formwork sales t
Slide 7: Earnings Summary
Earnings Summary RESULTS SUMMARY H1 FY19 H1 FY18 ❑ Revenue of $106.0m up 1.3% over REVENUE Change ($m's) ($m's) corresponding period last year, assisted by Total Revenue 106.0 104.6 1.3% acquisitions H1 FY19 H1 FY18 ❑ Same store sales down 3.9%, but only EBITDA Change ($m's) ($m's) down 2.5% at a di
Slide 8: Balance Sheet
Balance Sheet 31 Dec 18 30 Jun 18 Balance Sheet ($m's) ($m's) ❑ Trade working capital to sales ratio remains a focus Cash 0.1 2.0 and at 17.1% remains controlled despite the increase Receivables 28.6 39.1 from MB Prefab and some stock growth Inventories 32.9 29.4 ❑ Debtor days averaged 55 for 1H19 c
Slide 9: Cash Flow
Cash Flow ❑ Operating cash flow of $1.9m was strong, H1 FY19 H1 FY18 Cash Flow up $0.8m on the previous corresponding ($000's) ($000's) period helped by lower tax payments Receipts from customers 127.0 119.6 ❑ Cash conversion remained strong at 88% Payments to suppliers/employees (123.3) (116.3) com
Slide 10: Outlook
Outlook ❑ Whilst 1H19 profitability was impacted by challenging market conditions, the longer term growth outlook for the Company remains strong ❑ Expansion of the distribution network expected to accelerate in the next 2 years ▪ Revised business structure implemented in 1H19 to prepare for this ❑ C
Slide 11: Important Notice and Disclaimer
Important Notice and Disclaimer ▪ This presentation is dated 25 February 2019. ▪ Big River Industries Limited (the "Company") advises that the information contained in this presentation is intended to be general background information about the Company's activities as at the date of this presentatio
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