Big River Industries Ltd. · ASX:BRI
Big River Industries — H1 FY2018 Earnings Presentation
12 slides from Big River Industries's earnings presentation, Feb 27, 2018
Slide 1: FY2018 Half Year Results Briefing
Big River Industries Limited (ASX:BRI) FY2018 Half Year Results Briefing For personal use only 27 February 2018 Optus Stadium - Perth
Slide 2: H1 FY2018 - Contents
For personal use only H1 FY2018 - Contents 1. Highlights 2. Business Diversity Strengthening 3. Sales Highlights 4. Acquisition & Growth Initiatives 5. Manufacturing Update 6. Earnings Summary 7. Balance Sheet, Cash Flow 8. FY2018 Outlook Aged care development - Sydney 2
Slide 3: H1 FY2018 - Highlights
H1 FY2018 - Highlights ➢ Sales revenue up 21.8% on previous corresponding period, to $104.6m, assisted by acquisitions For personal use only ➢ EBITDA (before acquisition costs) up 19.3% to $5.9m but below expectation as a result of lower profit from manufacturing operations ➢ NPAT of $2.9m up 15.8%
Slide 4: Business Diversity Strengthening
H1 FY2018 - Business Diversity Strengthening Revenue By Segment Revenue By State For personal use only 3% 7% Detached housing 3% 5% Medium density residential 30% 10% NSW 11% 33% High density residential QLD Commercial VIC 15% SA Civil WA 22% 13% Industrial 34% ACT 14% Alterations & Additions ➢ Canb
Slide 5: Sales Highlights
H1 FY2018 - Sales Highlights ➢ Revenue has grown 21.8% in the last 12 months as Big River executes the acquisition component of its strategy For personal use only ➢ Acquisitions contributed $18.2m of revenue in 1H18 since pcp ➢ Western Australia and North Queensland market recovery continues, with r
Slide 6: Acquisition & Growth Initiatives
H1 FY2018 - Acquisition & Growth Initiatives ➢ The Company continues a disciplined approach to acquisitions, with 4 For personal use only contracts completed in calendar year 2017 ➢ 1H18 EBITDA contribution from acquisitions of $1.2m and revenue contribution of $18.2m ➢ Big River continues to execut
Slide 7: Manufacturing Update
H1 FY2018 - Manufacturing Update ➢ EBITDA shortfall of $1.0m from manufacturing operations versus pcp For personal use only ➢ Delays on regional bridge repair projects has seen minimal Bridgeply sales in the first half leading to $0.4m lower EBITDA than expected from this product and compared with $
Slide 8: Earnings Summary
H1 FY2018 - Earnings Summary RESULTS SUMMARY ➢ Revenue of $104.6m up 21.8% over corresponding For personal use only REVENUE H1 FY18 H1 FY17 Change period last year of $85.9m, assisted by acquisitions ($m's) ($m's) Same stores 86.4 85.9 0.7% ➢ WA and North QLD market recovery continuing, with Acquisi
Slide 9: Balance Sheet
H1 FY2018 - Balance Sheet 31 Dec 17 30 Jun 17 Balance Sheet ($m's) ($m's) For personal use only Cash 0.8 3.6 ➢ Continued focus on working capital management with a trade Receivables 32.3 36.8 working capital (TWC) ratio of 16.3% on a rolling 12 month basis Inventories 30.1 24.4 (including pro forma
Slide 10: Cash Flow
H1 FY2018 - Cash Flow H1 FY18 H1 FY17 Cash Flow For personal use only ($m's) ($m's) ➢ Operating cash flow of $1.1m was lower than pcp due to Receipts from customers 119.6 96.8 payment of the FY2017 tax balance paid in December Payments to suppliers/employees (116.3) (92.5) 2017, along with increased
Slide 11: FY2018 - Outlook
FY2018 - Outlook ➢ Despite medium and high density construction having softened in some For personal use only regions, the pipeline for the Group is still healthy for the balance of FY2018 ➢ Strong commercial sector forecasts provides upside for 2H18 and FY2019 ➢ The Company continues to be approach
Slide 12: Important Notice and Disclaimer
Important Notice and Disclaimer ➢ This presentation is dated 27 February 2018. ➢ Big River Industries Limited (the "Company") advises that the information contained in this presentation is intended to be general For personal use only background information about the Company's activities as at the da
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