Big River Industries Ltd. · ASX:BRI
Big River Industries — Investor Presentation (February 2020)
12 slides from Big River Industries's investor presentation, Feb 25, 2020
Slide 1: Big River Industries Limited 1H2020 Results Presentation
Big River Industries Limited (ASX:BRI) 1H2020 Results Presentation – 25 February 2020
Slide 2: Contents
Contents Page: 3. Big River Today 4. Performance Headlines 5. Operational Summary 6. Group Strategy 7. Earnings Summary 8. Balance Sheet 9. Cash Flow 10. FY2020 Outlook 11. Appendix 12. Disclaimer
Slide 3: Big River Today
Big River Today Diversified by geography, industry segment, construction type and customer (1) ‒ Formwork Supplies – 24% Target segments ‒ Building Products – 55% ‒ Plywood & Specialty – 21% Detached Housing 6% 0% 7% 0% Commercial 28% High Density Residential 10% Revenue by Medium Density Residentia
Slide 4: Performance Headlines
Performance Headlines ❑ 1H20 Revenue of $126m, up 19% on 1H19 ❑ Growth in NZ was offset by like for like sales declined in Australia of 3%, as residential construction starts continued to weaken in both detached housing and multi-residential ❑ EBITDA of $6.2m (before acquisition costs and pre AASB16
Slide 5: Operational Summary
Operational Summary ❑ 1H20 revenue of $126m was up 19% on 1H19 ❑ Weaker residential markets and some project delays in Infrastructure and Commercial construction softened the operating environment, resulting in a like for like sales decline of 3% ❑ QLD and NZ regions showed like for like sales growt
Slide 6: Group Strategy
Group Strategy ❑ Product and segment diversification have been the strength of Big River’s strategy ❑ We continue to ensure all sites have exposure to Big River’s core three market segments Three in one ❑ Branch segment diversity improved in 1H20 across the majority of sites business model ❑ Cost le
Slide 7: Earnings Summary
Earnings Summary RESULTS SUMMARY Statutory Before AASB16 Key Financial Measures Revenue $126.1m 18.9% H1 FY20 H1 FY20 H1 FY19 REVENUE Change EBITDA (Statutory) 1 $8.7m 93.4% ($m's) ($m's) ($m's) 1 $6.2m 37.8% EBITDA (Pre AASB16) Total Revenue 126.1 126.1 106.0 18.9% NPAT (Pre AASB16) $2.5m 3
Slide 8: Balance Sheet
Balance Sheet Statutory Before AASB16 31 Dec 19 31 Dec 19 30 Jun 19 Balance Sheet ❑ Trade working capital (TWC) as a percentage of revenue was ($m's) ($m's) ($m's) 19% on a per annum basis Cash - - 1.2 ❑ The increase in TWC in dollar terms of $2.2m is due to the Receivables 34.3 34.3 43.1 acquisitio
Slide 9: Cash Flow
Cash Flow H1 FY20 H1 FY19 Cash Flow ❑ Operating cash flow before interest and tax (OCFBIT) as a ($000's) ($000's) percentage of EBITDA was 74% Receipts from customers 148.2 127.0 ❑ Higher interest payments reflecting increased net debt Payments to suppliers/employees (143.9) (123.3) ❑ Capital expend
Slide 10: FY2020 Outlook
FY2020 Outlook ❑ 1H20 saw significantly challenging Australian market conditions, partially offset by favourable NZ conditions (although tourism and transport sectors are under some pressure from the Covid-19 impact). ❑ The larger projects pipeline for 2H20 is looking more positive than 1H20, and re
Slide 11: Appendix
Appendix 1H2020 1H2020 Dec-19 Dec-19 PROFIT & LOSS ($m's) 1H2018 1H2019 Key Financial Measures Dec-17 Dec-18 Pre AASB16 Statutory Pre AASB16 Statutory Revenue 104.6 106.0 126.1 126.1 Profitability Revenue $104.6m $106.0m $126.1m $126.1m EBITDA from Operations: EBITDA (before acquisition costs) $5.9m
Slide 12: Important Notice and Disclaimer
Important Notice and Disclaimer ▪ This presentation is dated 25 February 2020. ▪ Big River Industries Limited (the "Company") advises that the information contained in this presentation is intended to be general background information about the Company's activities as at the date of this presentatio
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