Dgl Group Limited · ASX:DGL
Dgl — FY2023 Earnings Presentation
21 slides from Dgl's earnings presentation, Aug 28, 2023
Slide 1: FY23 Full Year Results Presentation
FY23 FULL YEAR RESULTS PRESENTATION 28 August 2023 2022 AGM PRESENTATION | [X] NOVEMBER 2022
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER NO RELIANCE FORWARD LOOKING STATEMENTS This document contains certain forward-looking statements and comments about future The information contained in this document is not investment or financial product advice and is events. Forward-looking statements involve known
Slide 3: Business Overview
BUSINESS OVERVIEW DGL CONTINUES TO DEVELOP ITS CAPABILITIES TO SERVE A GROWING CUSTOMER BASE • +26% growth in FY23 sales revenue to $466.0 million vs. the $466.0m FY23 Sales Revenue $64.1m prior corresponding period (pcp) FY23 Underlying EBITDA • +27% growth in underlying EBITDA to $64.1m vs. pcp •
Slide 4: FY23 Financial Highlights
FY23 FINANCIAL HIGHLIGHTS DGL GROUP CONTINUES TO PERFORM STRONGLY FY23 HIGHLIGHTS (vs FY22) SALES REVENUE ($m) GROSS PROFIT ($m) $466.0m 466.0 H1 171.7 H1 Sales Revenue +26% (+$96.2m) H2 369.8 H2 137.9 248.8 92.6 226.8 84.5 Gross Profit $171.7m +25% (+$33.8m) 154.4 103.8 217.2 60.7 143.0 37.0 79.1 5
Slide 5: FY23 Operational Highlights
FY23 OPERATIONAL HIGHLIGHTS Leveraging increased scale and broader IP and capabilities to deliver a wider range of services and solutions to our growing customer base Further diversification of customers across multiple industries, product and commodity sectors Increasing momentum in our chosen mark
Slide 6: DGL Has Continued to Grow
DGL HAS CONTINUED TO GROW Active Customers Gross Revenue • FY23 revenue growth and increase in market share H1 466.0 has been driven by H2 369.8 ̶ increased sales volumes to existing customers 248.8 226.8 4,258 ̶ price increases to reflect higher input costs 154.4 3,250 ̶ acquisitions and increased
Slide 7: Increasing Capabilities and Scale
INCREASING CAPABILITIES AND SCALE Employees Owned trucks, tankers and Owned and leased sites trailers 832 333 72 554 54 185 290 29 47 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 +69% p.a. +166% p.a. +58% p.a. • Significant added capabilities and new employees from acquisitions with some being promo
Slide 8: FY23 Group Performance
FY23 GROUP PERFORMANCE $Am FY23 FY22 % Variance • 26% increase in Sales Revenue in line with June 23 guidance (>$450m) Sales revenue 466.0 369.8 26% Cost of sales (294.3) (231.9) • Sales growth through both volume and price increases. Cost of sales Gross Profit 171.7 137.9 25% increased in line with
Slide 9: FY23 Segment Revenue
FY23 SEGMENT REVENUE 1 ($m) INVESTOR PRESENTATION H1 FY23 | 28 FEBRUARY +126% 281.9 +32% CAGR +59% CAGR 110.4 234.7 103.1 CAGR 88.4 62.7 63.4 40.8 55.1 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 Chemical Manufacturing Logistics Environmental Solutions • 126% compound annual growth • 59% compound a
Slide 10: Balance Sheet
BALANCE SHEET (A$m) 30-Jun-23 30-Jun-22 Variance Cash & cash equivalents 36.9 25.4 11.5 • Strong balance sheet with flexibility to support future growth and Trade and other receivables 52.5 56.6 (4.1) meet customer demand during FY24 Inventories 37.4 48.2 (10.8) Asset held for sale 0.0 6.6 (6.6) • N
Slide 11: Cash Flows
CASH FLOWS A$m FY23 FY22 • Robust operating cash flow of $59.3m (+113% vs pcp) CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 514.8 339.8 • $24.9m investment in PPE, $16.4m in growth CAPEX and $8.5m in Payments to suppliers and employees (440.3) (305.9) maintenance CAPEX Interest recei
Slide 12: Market Conditions Drive Ongoing Demand
MARKET CONDITIONS DRIVE ONGOING DEMAND • Strong performance in face of price volatility, inflationary pressure and resource shortages • Well-capitalised, with a diverse range of customers, industry exposure, and geography • Strong relationships with raw material providers and end markets • Provider
Slide 13: FY23 Achievements
FY23 ACHIEVEMENTS DRIVE CROSS SELLING BETWEEN ACHIEVE FURTHER ECONOMIES OF INVESTMENT IN CAPITAL IDENTIFY SEGMENTS SCALE PROJECTS ACQUISTIONS • Newly acquired businesses • Increased utilisation of • Established additional • Strategic acquisitions are provide opportunities for warehousing facilities
Slide 14: Planned Activities for FY24
PLANNED ACTIVITIES FOR FY24 DRIVE CROSS SELLING BETWEEN ACHIEVE FURTHER ECONOMIES OF INVESTMENT IN CAPITAL IDENTIFY SEGMENTS SCALE PROJECTS ACQUISTIONS • Ongoing integration of • Enhance procurement • Commissioning of industrial • Target well-priced, businesses acquired since and manufacturing batte
Slide 15: Executive Team
EXECUTIVE TEAM SIMON HENRY ROB PERKINS Founder, Executive Director and CEO Chief Financial Officer Simon is the founder of DGL. He has been the CEO of DGL since Rob has held senior commercial roles in multinational industrial 1999. He has over 35 years’ experience in industrial property groups for m
Slide 16: Environmental, Social, Governance
ENVIRONMENTAL, SOCIAL, GOVERNANCE OUR ESG FRAMEWORK REFLECTS AN EVOLUTION AND ENHANCED MATURATION OF DGL GROUP KEY INITIATIVES Environmental Our Environmental Social and Government approach centres on the following United Nations Sustainability Development Goals: CLEAN WATER CARBON FOOTPRINT • Volum
Slide 17: Health, Safety, Environment, Quality
HEALTH, SAFETY, ENVIRONMENT, QUALITY HEALTH, SAFETY, ENVIRONMENT AND QUALITY REMAINS DGL’S NUMBER ONE PRIORITY Quality Framework Health and Environmental There were no major safety and environmental incidents in FY23 Safety Plan Management Plan Licence and Accreditation Portfolio More than 20 years
Slide 18: Summary and Outlook
SUMMARY AND OUTLOOK Summary • DGL continues to experience unprecedented demand for products and services with opportunities to sell more products and services, particularly on the east coast of Australia • Our challenge is to delivery sufficient additional capacity to meet demand Priorities • Increa
Slide 19: Appendix
Appendix 2022 AGM PRESENTATION | [X] NOVEMBER 2022
Slide 20: Appendix
APPENDIX Summary Underlying Statutory Adjustments Underlying Income Statement (A$m) FY23 FY23 Sales revenue 466.0 466.0 Cost of sales1 (294.3) 0.5 (293.8) Gross profit 171.7 0.5 172.2 Overhead expenses (108.1) (108.1) Acquisition costs (3.1) 3.1 0.0 EBITDA from continuing operations 60.5 3.6 64.1 De
Slide 21: Thank You
Thank you CONTACTS: Company Barbara Furci (DGL Group Limited) info@dglgroup.com +64 9 309 9254 2022 AGM PRESENTATION | [X] NOVEMBER 2022