Stealth Group Holdings Ltd. · ASX:SGI
Stealth — H1 2021 Earnings Presentation
27 slides from Stealth's earnings presentation, Feb 25, 2021
Slide 1: Half Year 2021 Briefing Presentation
We are a leading Australian based multinational distributor of industrial, safety & workplace products serving various markets across our diversified business portfolio in Australia, United Kingdom, Asia and Africa. HALF YEAR 2021 25 FEBRUARY 2021 Briefing Presentation ASX Code : SGI
Slide 2: Group Overview Business Model
Group Overview Business Model An Australian based multinational distribution group 2 Diversified business portfolio of Products, Customers, Suppliers, Industries served, a strong supply chain, all supporting reoccurring sales activity. › A broad range distributor of industrial, safety and workplace
Slide 3: Corporate Overview
Corporate Overview 3 CORPORATE SNAPSHOT SGI SHARE OWNERSHIP SGI BOARD MEMBERS Chris Wharton AM Chairman & ASX Code SGI Ownership base with significant Non-Executive Director investment by Board and Management Market Cap @ 23 February 2021 $10.0m Mike Arnold Group Managing Director Share Price @ 23 F
Slide 4: Key Highlights - Half Year 2021
Key Highlights - Half Year 2021 Delivered Earnings Uplift on 1H 2020, and also 2H 2020 4 Our progress has not just been incremental – we delivered material impact from organic & strategic events Regained positive sales and earnings momentum - Strong balance sheet maintained, providing stability and
Slide 5: HY21 Revenue, Underlying EBITDA and Sales Spread
HY21 Revenue, Underlying EBITDA and Sales Spread 5 REVENUE JOURNEY $m PRODUCT SALES MIX OF TOTAL SALES 1% 90.0 2% 1% 80.0 1H-21 Sales down $9.3m compared to 1H-20 as expected 3% 3% 3% INDUSTRIAL 5% where $8.2m is Africa after change in Africa strategy in 70.0 PPE / SAFETY 5% December 2019 to refocus
Slide 6: Our Business
Our Business 25 February 2021 ASX Code : SGI SGI HY2021 Briefing Presentation
Slide 7: Growing Portfolio of Operating Subsidiary Brands
Growing Portfolio of Operating Subsidiary Brands 7 www.heatleys.com.au www.cltoolcentre.com.au www.isgaus.com.au www.awsonline.com.au www.bsabrands.co.uk Broad range distributor of Broad Range distributor of Independent member-based An Online e-Store selling A joint venture with Bisley industrial, s
Slide 8: Scale Within The Group
Scale Within The Group People, distribution network, diversity across product range, suppliers and customers 8 180 team 34 store 80 distributor members locations in stores in the UK Australia of the Bisley Workwear Brand Company owned (9) and Independents (25) Up ~130 since Oct18 Up 27 since May19 U
Slide 9: Product Range – More than 300,000+ Products Available
Product Range – More than 300,000+ Products Available 9 A COMPREHENSIVE PRODUCT OFFERING PRODUCT CATEGORIES supported by leading brands Safety / PPE Industrial / MRO Workplace Materials Handling Retail Healthcare, Cleaning & Hygiene Hardware, Building & Construction SGI Group hold ~40,000 products (
Slide 10: Distribution Network
Distribution Network Subsidiary companies and key statistics within the group 10 Store Network & Online Channels Qty Bisley Workwear stocked 106 new store network locations in 80 UK trade stores established since March 2019 Heatleys Safety & Industrial Western Australia South Australia 5 NORTH (Comp
Slide 11: Our Supply Chain Simplified
Our Supply Chain Simplified We create value for different customers 11 Standard Distribution & Shipping Online Sales Force Stores Vending Stores Business, Trade & Retail Vending Store Phone & Email Distribution Centres Delivery ORDER FULFILLMENT BUY INSTORE, COLLECT OR DELIVERY CUSTOMER Online e-Bus
Slide 12: Half Year 2021 Results
Half Year 2021 Results 25 FEBRUARY 2021 ASX Code : SGI
Slide 13: HALF YEAR 2021 - Financial Highlights
HALF YEAR 2021 - Financial Highlights Retained Positive Sales and Earnings Momentum After Change in Africa Strategy in Dec’19 to Focus on Profitability 13 HALF YEAR 2021 HIGHLIGHTS Positive performance despite impact by COVID-19 COMMENTS › Sales of $30.4 million, down $9.3 million ($8.2 million Afri
Slide 14: HALF YEAR 2021 - Results Reconciliation
HALF YEAR 2021 - Results Reconciliation 14 31 December 20 31 December 19 Reconciliation – Full-year financial results $’000 $’000 Underlying EBITDA1, 2,101 1,746 Growth Related Investments: Investment in the establishment of BSA Brands – brand awareness, promotion, point of sale, travel, marketing,
Slide 15: HALF YEAR 2021 - Balance Sheet and Cash Flow
HALF YEAR 2021 - Balance Sheet and Cash Flow 15 STATUTORY STATUTORY STATUTORY HALF YEAR 2021 HIGHLIGHTS BALANCE SHEET SUMMARY 31 DEC 2020 30 JUN 2020 31 DEC 2019 $M $M $M BALANCE SHEET Cash and cash equivalents 2.4 1.1 1.4 Other current assets 21.3 16.5 22.1 › Cash position of $2.4m (FY20 $1.1m). Pr
Slide 16: Growth Strategy
Growth Strategy 25 February 2021 ASX Code : SGI
Slide 17: Our Objective: To Provide a Satisfactory Return to Shareholders in the Long Term
Our Objective: To Provide a Satisfactory Return to Shareholders in the Long Term 17 We have a clear business strategy that has been consistent since listing, and will create long term value for our shareholders by; 1. Configuring our business to meet the evolving needs of customers. 2. Continuing to
Slide 18: Strategy Execution Track Record
Strategy Execution Track Record Story Board Since October 2018 18 2021 2020 2019 ACHIEVEMENTS • FY20 annual sales up 8% pcp May19 acquired Industrial Supply Acquired C&L Tool Centre adding › Continued transformative $14m of annual revenue and • Australian PPE demand increased. Group. Independent mem
Slide 19: How We Are Expanding – Offering More To More Customers
How We Are Expanding – Offering More To More Customers 19 HOW WE GENERATE INCOME & PROFIT TODAY COMPANY BRANCH VENDING MACHINES DELIVERY EXTERNAL SALES FORCE CATALOGUE INBOUND LOGISTICS STORES OFFERING MORE VALUE TO CUSTOMERS INDEPENDENT › Better Unparalleled Customer Experience INTERNAL SALES FORCE
Slide 20: FY21 Investments That Deliver Longer Term Value Creation
FY21 Investments That Deliver Longer Term Value Creation 20 Programs that will drive sales and profit uplift. § Enhanced customer experiences, expansion of addressable markets and delivery of operating efficiencies. § New Online digital capabilities and expansion of supply chain services offering. §
Slide 21: Extracting Value Through Business Combinations
Extracting Value Through Business Combinations Acquisition of C&L Tool Centre Successfully Completed 1 December 2020 – Stealth’s Fourth Acquisition Since 2018 21 EXTRACTING VALUE Purchasing Store & Distribution Back Office Product Range Sharing Best Online Cost and Revenue Synergies Efficiencies Int
Slide 22: Strategic Priorities
Strategic Priorities 22 Our Focus in 2021 Serve customers of all sizes and types, increase Sales to existing customers and grow customer base 1. Expansion of store network, product range, geography, marketplaces and refurbish existing stores. 2. Significantly expand our eCommerce digital channels. 3
Slide 23: Outlook
OUTLOOK 25 FEBRUARY 2021 ASX Code : SGI
Slide 24: Outlook
Outlook 24 Well Positioned for a Stronger 2H-2021 § Trading performance continued to improve in 1H 2021, and is building momentum, up 7% on 2H 2020. § Positive sales and earnings momentum expected to continue, with C&L to contribute sales and profit for full six months of 2H 2021. § Upcoming launch
Slide 25: Compelling Investor Value Proposition
Compelling Investor Value Proposition 25 INVESTMENT HIGHLIGHTS Long-term strategy, portfolio and prospects remains intact. § Share price not reflecting the full value and potential of the company's aspirations, where we aim to outperform. • Remains on track for longer term growth target of $200m rev
Slide 26: Disclaimer – Important Information
Disclaimer – Important Information 26 This document has been prepared by Stealth Global Holdings (the Company) and is provided for information purposes only. This or fairness of the information, opinions, forecasts, reports, estimates and conclusions contained in this document. No Limited Party docu
Slide 27: Thank You
27 THANK YOU FOR FURTHER ENQUIRIES Mike Arnold Chris Wharton AM John Boland Group Managing Director & CEO Chairman Group Chief Financial Officer P: +61 (0) 8 6465 7800 P: +61 (0) 8 6465 7800 P: +61 (0) 8 6465 7800 25 February 2021 ASX Code : SGI SGI HY2021 Briefing Presentation
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