Schaffer Corporation Limited · ASX:SFC
Schaffer — Shareholder Meeting (November 2022)
23 slides from Schaffer's shareholder meeting presentation, Nov 16, 2022
Slide 1: ASX Market Announcements cover letter
16 November 2022 ASX Market Announcements ASX Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, SCHAFFER CORPORATION LIMITED (ASX:SFC) ANNUAL GENERAL MEETING CORPORATE PRESENTATION Please find attached the Corporate Presentation for the Annual General Meeting of SFC. The Chairman h
Slide 2: 2022 Annual General Meeting
2022 Annual General Meeting 16 November 2022 Creating long-term shareholder value through the efficient operation of our businesses and growth in our investments
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Schaffer Corporation Limited ACN 008 675 689 (“The Company”). This presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire Schaffer C
Slide 4: Chairman's Address
2022 Annual General Meeting Chairman’s Address
Slide 5: Group Consolidated Financial Performance
Group Consolidated Financial Performance Full Year Ending June ($m) FY22 FY212 $ change NPAT1 of $26.2 million (FY212: $41.0 million) reflects a good result Revenue $170.4 $196.3 ($28.9) in a challenging environment NPAT1 from: Automotive Leather 1 $18.1 $24.4 ($6.3) 1 Automotive Leather NPAT1 of $1
Slide 6: Use of Cash and Net Debt Overview
Use of Cash and Net Debt Overview Full-Year Ending June ($m) FY22 FY21 Total Cash Generated1 36.1 55.1 Less: Cash Paid to SFC Shareholders & Minorities (14.9) (14.2) Cash Available after Shareholder Payments 21.2 40.9 Less: Cash Used for Investments & Capex (20.1) (23.6) New Investments (8.8) (16.1)
Slide 7: Total Shareholder Return (TSR)
Total Shareholder Return (TSR) Value of $100K invested In SFC (Sep-2011) and Gross Dividend History $1,000,000 $1.40 ▪ 5-year TSR to September $1.29 $1.29 2022 of 35% p.a. $900,000 $1.20 ▪ 11-year Compound Annual $1.14 Growth Rate of 20.5% p.a. $800,000 $0.39 $0.39 $1.00 ▪ $100,000 invested in SFC $
Slide 8: Automotive Leather
Automotive Leather New Range Rover - Interior Annual General Meeting NOVEMBER 2022 7
Slide 9: Automotive Leather
Automotive Leather A good performance in a challenging environment ($m) 1H22 2H22 FY22 FY21 Management performed well, minimising the impact of multiple challenges on Revenue $56.1 $79.9 $136.0 $165.2 profitability Segment NPAT1 $7.5 $10.6 $18.1 $24.4 ▪ Revenues of $136 million ▪ NPAT of $18.1 milli
Slide 10: Automotive Leather – 1H23 Update
Automotive Leather – 1H23 Update 1H23 Update In the immediate short-term, while our OEMs continue to report strong demand for new vehicles, their production and sales volumes remain below prior periods primarily due to chip shortages. Providing guidance is difficult, and our results are being negati
Slide 11: Automotive Leather
Automotive Leather Annual General Meeting NOVEMBER 2022 10
Slide 12: Group Investments
Group Investments Pre-Tax Net Equity Value1 (adjusted for syndicated property debt) of $187.7 Pre-Tax Net Equity Value1 $million million or $13.78/share 14.5% p.a. Over the past five years: growth $191.7 $187.7 over past $20.6 ▪ Pre-Tax Net Equity Value1 has increased by 5 years4 $162.6 $23.4 $92 mi
Slide 13: Group Investments
Group Investments Full Year ($m) FY22 FY212 Change In Accounting Policy Revenue $ 17.2 $14.6 The statutory result includes a change in accounting policy to value Group Investments income, gains and revaluations investment property, including our Jandakot property, at fair value rather $11.7 $ 6.8 th
Slide 14: Annual General Meeting NOVEMBER 2022
Annual General Meeting NOVEMBER 2022 14
Slide 15: Delta
Delta Full Year ($m) FY22 FY21 Summary Revenue $17.3 $16.5 ▪ Delta incurred a loss of $0.6 million (FY21: $1.0 million profit) Segment NPAT ($0.6) $1.0 ▪ Continued construction program delays by contractors. o Design and engineering complexity on a large project. o Ongoing labour challenges and infl
Slide 16: Delta
Delta New high-capacity stressing bed Annual General Meeting NOVEMBER 2022 16
Slide 17: Delta – Bayswater Train Station
Delta – Bayswater Train Station Annual General Meeting NOVEMBER 2022 17
Slide 18: Conclusion
2022 Annual General Meeting Conclusion
Slide 19: Questions
2022 Annual General Meeting Questions
Slide 20: Item 1 – Annual Report
Item 1 – Annual Report To receive and consider the annual financial statements and reports of the directors and the auditors for the period ended 30 June 2022 This item does not require voting by shareholders Annual General Meeting NOVEMBER 2022 20
Slide 21: Item 2 – Re-election of Director
Item 2 – Re-election of Director Resolution 1: To consider, and if thought fit, to pass the following resolution as an ordinary resolution: “That Mr David Schwartz who retires in accordance with the Company’s constitution and, being eligible for re-election, be re-elected as a Director” Proxies rece
Slide 22: Item 3 – Remuneration Report
Item 3 – Remuneration Report Resolution 2: To consider, and if thought fit, to pass the following resolution as a non-binding ordinary resolution: “That the Remuneration Report for the period ended 30 June 2022 be adopted” Proxies received and accepted for Resolution 2 Adopt Remuneration For Against
Slide 23: Conclusion of AGM
2022 Annual General Meeting Conclusion of AGM