Novus Holdings Ltd. · JSE:NVS
Novus — FY2023 Earnings Presentation
18 slides from Novus's earnings presentation, June 2023
Slide 1: Annual Financial Results Presentation for year ended 31 March 2023
▪ All participants joining electronically will be on mute upon admission and throughout the presentation; ▪ Whilst the presentation will be recorded, it will not be made available after the meeting. ▪ All questions may be raised at the end of the presentation. Please raise your hand using either the
Slide 2: Contents
Contents Annual Financial Results Presentation for year ended 31 March 2023 2
Slide 3: Annual Financial Results Presentation for year ended 31 March 2023
Annual Financial Results Presentation for year ended 31 March 2023 3
Slide 4: Executive Overview
01 E X E C U T I V E O V E R V I E W Executive Overview Education SHARE OF SHARE OF VOLUME 4,9% Other GROUP GROUP GROWTH/ 0,1% CATEGORY REVENUE 2023* REVENUE 2022 (DECLINE) Packaging 20,6% Print product category Magazines 3,6% 5,5% -47,1% Newspapers 8,0% 8,8% -17,6% Retail Inserts & Catalogues 32,4%
Slide 5: Executive Overview: Print
01 E X E C U T I V E O V E R V I E W Executive Overview PRINT ▪ Operating in a stagnant economy ▪ Extreme increases in global paper prices exacerbated by Russia/Ukraine war, European energy crisis and global shipping constraints ▪ Loadshedding impacting operational efficiencies with costs incurred o
Slide 6: Executive Overview: Packaging and Education
01 E X E C U T I V E O V E R V I E W Executive Overview PACKAGING ▪ Operations were consolidated in the year ▪ Strong customer base ▪ Plastic packaging to be around for a while EDUCATION ▪ Successful acquisition of Maskew Miller Learning Proprietary Limited (“MML”) formerly Pearson SA effective 30 N
Slide 7: Annual Financial Results Presentation for year ended 31 March 2023
Annual Financial Results Presentation for year ended 31 March 2023 7
Slide 8: Group income statement key features
02 F I N A N C I A L R E V I E W Group income statement key features Financial year ended 31 March 2023 2023 2022 Revenue R3 196m R3 014m 6,0% ▲ Gross profit R600m R734m 18,3% ▼ Gross margin 18,8% 24,4% 5,6% ▼ Overheads R593m R541m 9,7% ▲ EBITDA R132m R281m ▼ Operating profit* R7m R193m ▼ Operating
Slide 9: Cash position analysis at 31 March
02 F I N A N C I A L R E V I E W Cash position analysis at 31 March YEAR ENDED YEAR ENDED 31 Mar 2023 (R’m) 31 Mar 2022 (R’m) Cash generated from operations 143 289 (excluding working capital) Working capital 20 (11) Net property, plant, equipment and intangibles (43) 85 Taxation paid (103) (51) Fre
Slide 10: Working capital
02 F I N A N C I A L R E V I E W Working capital Financial year ended 31 March 2023 R’m 1 200 927 831 831 1 000 878 800 1 009 476 857 626 872 600 834 504 407 400 446 574 200 437 448 - Sept 2021 March 2022 Sept 2022 March 2023 Debtors Creditors Inventory Net working capital Annual Financial Results P
Slide 11: Annual Financial Results Presentation for year ended 31 March 2023
Annual Financial Results Presentation for year ended 31 March 2023
Slide 12: Group overview
03 O P E R A T I O N A L R E V I E W Group overview Financial year ended 31 March 2023 ▪ Overall revenue increase of 6% due to REVENUE inclusion of 4 months results of MML contributing R156m whilst Print revenue remained flat yoy. R’m FY20 FY21 FY22 FY23 ▪ This was offset by lower Labels revenue fol
Slide 13: Print segment | Commentary
03 O P E R A T I O N A L R E V I E W Print segment | Commentary • Overall tonnages were down 15.3% but REVENUE revenue remained flat, increasing by 0.3%, mainly due to the abnormal trading conditions experienced. R’m FY20 FY21 FY22 FY23 • Whilst some product categories showed revenue growth yoy due
Slide 14: Packaging segment | Commentary
03 O P E R A T I O N A L R E V I E W Packaging segment | Commentary Financial year ended 31 March 2023 *Includes ITB Flexible Packaging Solutions and Novus Labels. R’m FY20 FY21 FY22 FY23 45% 2 400 ▪ ITB revenue was up 17,6% due to increased REVENUE 40% demand. ▪ Novus Labels revenue declined by 49,
Slide 15: Novus Holdings | 2019 Interim Results
NOVUS HOLDINGS | 2019 INTERIM RESULTS
Slide 16: Group outlook and conclusion
04 O U T L O O K Group outlook and conclusion Last of surplus asset sales to be realised in FY24 Strong focus on reduction of inventory levels in Print Review of MML Digital strategy to ensure optimal placement for future uptake Integrate MML in the Group and identify synergies with Print MML is wel
Slide 17: Annual Financial Results Presentation for year ended 31 March 2023
Annual Financial Results Presentation for year ended 31 March 2023 17
Slide 18: Investor Relations Contacts
Investor Relations Contacts +27 21 550 2500 Investor.Relations@novus.holdings NOVUS HOLDINGS | 2019 INTERIM RESULTS