Wagners Holding Co. Ltd. · ASX:WGN
Wagners — FY2021 Earnings Presentation
28 slides from Wagners's earnings presentation, Aug 25, 2021
Slide 1: ASX cover letter: Investor Presentation for FY2021
►CONSTRUCTION MATERIALS HEAD OFFICE: ►TRANSPORT SERVICES 11 BALLERA COURT ►CEMENT, FLYASH & LIME 1511 TOOWOOMBA CECIL PLAINS ROAD ►PRECAST CONCRETE WELLCAMP QLD 4350 ►REINFORCING STEEL ►COMPOSITE FIBRE TECHNOLOGIES POSTAL ADDRESS: ►EARTH FRIENDLY CONCRETE PO BOX 151 DRAYTON NORTH QLD 4350 INT. PREFI
Slide 2: FY21 Investor Presentation, August 2021
For personal use only FY21 INVESTOR PRESENTATION AUGUST 2021
Slide 3: Disclaimer
DISCLAIMER For personal use only The material contained in this presentation is a summary of Wagners Holding Company Limited’s (Wagners) activities and results, current at the date of preparation, 25 August 2021. The information in this presentation is in summary form only, general in nature and doe
Slide 4: FY 2021 Summary
FY 2021 For personal use only SUMMARY REVENUE $323.1m EBIT $25.4m Reduction in debt - $15.4m Revenue Growth of 28.2%, FY20 EBIT growth 194.4%, FY20
Slide 5: Financial Performance
For personal use only FINANCIAL PERFORMANCE
Slide 6: FY21 Results
FY21 RESULTS For personal use only ($m) FY21 FY20 Change Total Revenue 323.1 252.0 71.1 Gross Profit 186.8 143.9 42.9 COMMENTARY Operating Costs ▪ Revenue increases in precast, concrete, transport - Employee expenses 58.5 48.1 -10.4 and contract crushing - Repairs & maintenance 38.5 27.2 -11.3 ▪ Ope
Slide 7: FY21 Segment Results
FY21 SEGMENT RESULTS C O N S T R U C T I O N M AT E R I A L S A N D S E R V I C E S ▪ For personal use only Increased sales in precast, quarries, transport and ($m) concrete FY21 FY20 Change Total Revenue 288.5 215.8 72.7 ▪ EBIT increase of 79% EBIT 33.4 18.6 14.8 EBIT Margin 11.7% 8.6% 3.1% ▪ EBIT
Slide 8: FY21 Segment Results: Construction Materials and Services
FY21 SEGMENT RESULTS C O N S T R U C T I O N M AT E R I A L S A N D S E R V I C E S For personal use only ($m) FY21 FY20 Change Total Revenue 288.5 215.8 72.7 EBIT 33.4 18.6 14.8 EBIT Margin 11.7% 8.6% 3.1% ▪ Increased sales in precast, quarries, transport and concrete ▪ EBIT increase of 79% ▪ EBIT
Slide 9: FY21 Segment Results: Composite Fibre Technologies
FY21 SEGMENT RESULTS COMPOSITE FIBRE TECHNOLOGIES For personal use only ($m) FY21 FY20 Change Total Revenue 31.4 33.7 -2.2 EBIT 2.7 3.5 -0.8 EBIT Margin 8.5% 10.3% -1.8% ▪ 4% increase in crossarm sales offset by lower activity in pedestrian infrastructure, due to COVID delays ▪ CFT results, decline
Slide 10: FY21 Segment Results: EFC Low Carbon Technologies
FY21 SEGMENT RESULTS EFC LOW CARBON TECHNOLOGIES For personal use only ($m) FY21 FY20 Change Total Revenue 0.3 0.1 0.2 EBIT -2.0 -1.3 -0.7 ▪ Increased R&D ▪ Business expansion costs 9
Slide 11: FY21 Cashflow
FY21 CASHFLOW For personal use only ($m) FY21 FY20 Change EBITDA 48.3 27.6 20.7 Non-cash items -1.0 0.5 -1.5 Changes in working capital 18.4 -19.7 38.1 Changes in provisions 2.9 1.3 1.5 Cash flow from operations 68.5 9.8 58.7 Capital Expenditure -17.5 -32.6 15.1 Proceeds from sale of assets 1.2 0.9
Slide 12: Working Capital and Net Debt
WORKING CAPITAL For personal use only ($m) FY21 FY20 Change ▪ Collection of receivables outstanding at Trade and other receivables 50.0 55.6 -5.6 the 30th June 2020 has had a positive Inventories impact on the working capital 24.3 21.8 2.6 Trade and other payables -43.1 -33.6 -9.5 Current tax assets
Slide 13: FY21 Overview
FY21 OVERVIEW Innovative, Integrated, International For personal use only Cross arm automation line, QLD
Slide 14: Composite Fibre Technologies – Australia and New Zealand
COMPOSITE FIBRE TECHNOLOGIES – For personal use only AUSTRALIA AND NEW ZEALAND 4% increase in crossarm sales and 29% increase in EBIT on FY20 Development of new product lines, service offerings and inhouse capabilities Expanded Queensland manufacturing facility Pedestrian infrastructure and bridge s
Slide 15: Composite Fibre Technologies – International
COMPOSITE FIBRE TECHNOLOGIES - For personal use only I N T E R N AT I O N A L USA UK / MIDDLE EAST • Sales impacted by Covid-19 • Completed major projects in Abu Dhabi in FY20 and FY21 • US manufacturing facility under construction – completion • Further market development Oct/Nov impacted by Covid-
Slide 16: Earth Friendly Concrete placements
For personal use only Over 6000m3 of EFC placed in FY21 All Wagners concrete plants have EFC capabilities 100 tonnes of carbon saved in 310m3 placement in large trade distribution centre Trade Distribution Centre EFC Pour, QLD 15
Slide 17: EFC International
For personal use only International EFC placed into a number of major infrastructure projects in London Increasing demand in UK and Europe Supply and technology partnerships established Expansion slower than anticipated due to Covid-19 Precast EFC Pipes, cast in Germany 16
Slide 18: FY 2021 Construction Materials and Services
FY 2021 For personal use only Construction Materials and Services REVENUE $288.5million EBIT $33.4million Revenue Growth of 34% EBIT growth 79% Shepton Quarry Central QLD
Slide 19: Crushing Operations & Projects
CRUSHING OPERATIONS & For personal use only PROJECTS 5 operational sites and 2 additional sites to be developed Significant growth in resources sector Increased sales from new fixed quarry sites and project site compared to FY20 18
Slide 20: Cement
CEMENT For personal use only Increase in cement volumes due to increased Wagners’ concrete plant volumes Growth in customer base and geographical markets Market outlook promising with SEQ construction activity 19
Slide 21: Concrete Operations
CONCRETE OPERATIONS For personal use only 7 operational concrete plants, 2 additional sites secured for development Increase in concrete volume and revenues with expansion of plant network Continued pressure on concrete margins 20
Slide 22: Precast Concrete
PRECAST CONCRETE For personal use only Cross River Rail project commenced in FY21 – over 20,000 precast segments now produced Installed precast concrete tunnel segments, Cross River Rail Brisbane QLD 21
Slide 23: Transport Projects
TRANSPORT PROJECTS For personal use only Strong volumes in haulage services in resource sector Two new long term haulage contracts secured Continued growth expected in FY22 Quad truck, Duchess North West QLD
Slide 24: Outlook
OUTLOOK For personal use only Concrete Batch Plant Toowoomba QLD
Slide 25: Outlook: Composite Fibre Technologies
OUTLOOK COMPOSITE FIBRE TECHNOLOGIES For personal use only Commercialisation of new product lines Revenue growth from pedestrian infrastructure and road bridge market International growth – focus on USA with establishment of facility Continued investment on new product development, innovation and pr
Slide 26: Outlook: Earth Friendly Concrete
OUTLOOK EARTH FRIENDLY CONCRETE For personal use only Accelerated scaling-up of international operations Secure external investment to enable execution of planned international expansion Establish UK manufacturing and distribution facility Continued technology development Progress standards and tech
Slide 27: Outlook: Construction Materials and Services
OUTLOOK C O N S T R U C T I O N M AT E R I A L S For personal use only AND SERVICES Bulk haulage revenue secured through long term contracts Strong cement volumes Increase in concrete volumes with maturity of plants in market and continued but measured expansion of plant network 2032 Olympic Games w
Slide 28: Conclusion
CONCLUSION FY21 For personal use only Positive FY21 compared to FY20 Continued traction from growth strategy Innovative – investment in R&D Integrated – continued vertical integration International – expansion of new technology globally No final dividend declared Concrete Batch Plant Toowoomba QLD
Wagners Holding Company — FY2021 Earnings Presentation on 6ix