Simonds Group Ltd. · ASX:SIO
Simonds — Shareholder Meeting (November 2020)
13 slides from Simonds's shareholder meeting presentation, Nov 24, 2020
Slide 1: 2020 Annual General Meeting Presentation
2020 Annual General Meeting P<\\ Presentation . Simonds Group
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only This presentation is authorised by the Board of Simonds Group Limited (Company) and is current as at the date of the cover page. It is solely based on, and should be read in connection with, information contained on other periodic and continuous
Slide 3: FY20: A year of two distinct halves
FY20: A year of two distinct halves For personal use only FY20 a challenging year: • FY20 Revenue and earnings were impacted by subdued market conditions and restricted lending environment in the first half of 2019 • Solid performance with a strong focus on cost controls and investing in developing
Slide 4: FY20 Full Year Financial Results
FY20 Full Year Financial Results For personal use only EBITDA1 NPAT $31.5m2 $7.1m Site up $8.3m from continuing Starts 2,395 (+35.8%) operations3 Revenue down $4.6m (-39.3%) Down 185 $664.8m (-7.2%) down $22.9m (-3.3%) Continued focus on safety and building a high performance culture Net Revenue dec
Slide 5: Group EBITDA
Group Earnings Update For personal use only EBITDA 35 31.5 30 25 23.2 14.1 20 $m 15 13.7 10.1 10 17.4 4.4 5 0 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 1. EBITDA represents earnings before interest, tax, depreciation and amortisation (D&A) from continuing operations and excluding Madisson Projects, wh
Slide 6: Simonds Homes Results FY20
Simonds Homes Results FY20 For personal use only Key Metrics Site starts impacted by subdued market conditions in 2019 and challenges presented by the COVID-19 pandemic Revenue EBITDA1 $652.6m $28.8m down $24.3m (-3.6%) up $7.0m (+32.1%) Revenue and EBITDA impacted by lower site starts and from $676
Slide 7: Education Results for FY20
Education Results for FY20 For personal use only Key Metrics BAA obtained approval to deliver 3 qualifications to international students under CRICOS with initial delivery Revenue EBITDA1 occurring in 2HFY20 $11.9m $2.4m up $1.7m (+16.7%) up $1.2m (+100.0%) The number of students studying via an App
Slide 8: Balance Sheet
Balance Sheet For personal use only 30-Jun-20 30-Jun-19 $m $m Balance sheet strengthened by earnings, and the Cash / Equivalents 28.3 9.7 continued focus on working capital management and Receivables 29.3 27.4 debt reduction Tax receivable - 1.1 Accrued revenue 34.4 53.7 Inventories, comprising land
Slide 9: Cash Flows for the Full Year
Cash Flows for the Full Year For personal use only 30-Jun-20 30-Jun-19 $m $m Cash from operating activities reflect continued focus Cash flows from operating activities on strong cash management controls Receipts from customers 726.6 745.4 Payments to suppliers / employees (674.2) (733.7) Payment to
Slide 10: Key Levers for Delivering Shareholder Value
Key Levers for Delivering Shareholder Value For personal use only Innovation Alternative Sales Channels Finance First Solutions Wellness Corporate Social Responsibility High Performing Culture PAGE 9
Slide 11: Current Trading Conditions
Current Trading Conditions For personal use only FY21 economic and operating conditions: • COVID-19 pandemic continues to create uncertainty • COVID-19 has presented challenges in predicting the speed and timing of a recovery • Federal and State Government stimulus packages are expected to mitigate
Slide 12: Appendix: Impact of AASB Leases Accounting
Appendix: Impact of AASB 16 Leases Accounting For personal use only Continuing operations: Post AASB 16 AASB 16 Pre AASB 16 30 Jun Movement % change $m 30 Jun 2020 Impact 30 Jun 2020 2019 Revenue 664.8 - 664.8 687.7 (22.9) (3%) Expenses1 (122.5) (14.1) (136.6) (130.8) (5.8) 4% EBITDA 31.5 (14.1) 17.
Slide 13: For more information contact us
For personal use only For more information contact us at: Telephone: +61 3 9682 0700 Mailing address: Locked Bag 4002 South Melbourne VIC 3205 Physical address: Level 1, 570 St Kilda Road Melbourne VIC 3004 www.simondsgroup.com.au Authorised for lodgement by the SIO Board PAGE 12