Maxiparts Limited · ASX:MXI
Maxiparts — Shareholder Meeting (October 2022)
29 slides from Maxiparts's shareholder meeting presentation, Oct 20, 2022
Slide 1: 2022 Annual General Meeting
20 October 2022 For personal use only MaxiPARTS Limited 2022 Annual General Meeting Chairman’s and Managing Director’s Addresses Attached are the Chairman’s Address, Managing Director’s Address and presentation to be delivered at today’s Annual General Meeting. Authorised by: Contact: Peter Loimaran
Slide 2: Chairman's Address
20 October 2022 MaxiPARTS Limited 2022 Annual General Meeting Chairmans’s Address For personal use only We have changed our name , we have changed our core business focus, we have a new Leadership Team and we have continued the renewal of our Board of Directors. Despite the business working through
Slide 3: Chairman's Address (continued)
• Product • Systems and Solutions The focused initiatives within these pillars are designed to not only drive growth in the business, but to ensure the foundations remain in place to support this growth over a For personal use only sustained period. The acquisition of the Truckzone business, so earl
Slide 4: Chairman's Address: Board renewal
At last years AGM, I discussed some significant changes to the composition of the Board as a result of our board renewal program. This year the renewal has continued with Debra Stirling recently joining. Debra will add to our breadth of experience. Greg Sedgwick resigned in order to pursue other int
Slide 5: Managing Director's Address
20 October 2022 MaxiPARTS Limited 2022 Annual General Meeting Managing Director’s Address For personal use only To echo our Chair’s statements, FY21 has seen significant change within the business and this has created a range of disruption and distraction. The fact the business has been able to cont
Slide 6: Managing Director's Address: Financial performance
If sales to the previously owned Trailer solutions business and sales from the acquired Truckzone sites are excluded, the year on year growth from the traditional MaxiPARTS network was 8.3%. The business was able to pass on to our customer base the well published cost inflation For personal use only
Slide 7: Managing Director's Address: Cash flow and outlook
The above combined with ($11.7m) negative operating cash flow with: • the discontinued operations generating negative ($11.6m) • negative cash flow from the continuing MaxiPARTS operations of ($0.1m). For personal use only Operating cash flow from the MaxiPARTS operations was impacted by an investme
Slide 8: Your one-stop shop for truck and trailer parts
For personal use only YOUR ONE-STOP SHOP FOR TRUCK AND TRAILER PARTS 2022 Annual General Meeting
Slide 9: Board of Directors and Executive Leadership Team
For personal use only Board Of Directors and Executive Leadership Team
Slide 10: Board of Directors
Board of Directors For personal use only Robert H. Wylie Mary Verschuer Peter Loimaranta Chairman, Non-Executive Director, Non-Executive Chief Executive Officer and Managing Director Gino Butera Debra Stirling Director, Non-Executive Director, Non-Executive 3
Slide 11: Executive Leadership Team
Executive Leadership Team For personal use only Peter Loimaranta Chief Executive Officer and Managing Director Neil Auld Liz Blockley Heath Mooney Narelle Banfield GM – Product and Procurement Chief Financial Officer and GM – Sales and Distribution GM – People, Safety and Culture Company Secretary 4
Slide 12: Chairman's Address
For personal use only Chairman’s Address 5
Slide 13: Strategy
For personal use only Strategy 6
Slide 14: Strategic Pillars
Strategic Pillars For personal use only SYSTEMS SYSTEMS AND AND NETWORK PEOPLE PRODUCT SOLUTIONS SOLUTIONS DEVELOP OUR LEADERS FOR DELIVER TARGET REVENUE SYNERGIES IMPROVE SAME STORE PERFORMANCE INCREASE IN E-COMMERCE PRESENCE THE FUTURE FROM EXPANDED CORE PRODUCT OFFERING GROW NATIONAL NETWORK FOOT
Slide 15: Managing Director's Address
For personal use only Managing Director’s Address 8
Slide 16: FY22 Highlights
FY22 Highlights For personal use only • Disposal of Trailer Solutions Business Execution of Strategic Projects • Acquisition of Truckzone Group • 62.5 cent fully franked special Dividend paid December 21 Capital Distribution • 2.5 cent fully franked H2 dividend declared with payment scheduled for 19
Slide 17: FY22 Financial Recap
For personal use only FY22 Financial Recap (from FY22 Full Year Results Announcement on 18 August 2022)
Slide 18: FY22 Financial Overview
FY22 Financial Overview Commentary For personal use only A$M FY22 FY21 Change Change % Revenue of $157.4m increased by 14.7% Total Revenue 1 2 157.4 137.1 20.2 14.7% 1 from pcp, this includes an 8.3% growth in External Revenue 152.8 114.6 38.2 33.3% same store sales (excludes sales to ATSG) along pl
Slide 19: Balance Sheet
Balance Sheet For personal use only $M FY22 HY22 FY21 Commentary Assets Cash 11.9 6.6 22.4 1 Receivables and Payables for the FY21 comparative period include the Trade Debtors and Payables associated with the Trailer Solutions Receivables 1 2 28.2 21.6 33.1 business, that the group has subsequently
Slide 20: Cashflow
Cashflow $M FY22 FY21 Commentary Receipts from customers 217.2 413.9 For personal use only Payments to suppliers and employees (228.6) (380.9) 1 Operating cash outflow for the period of ($11.7m) included ($11.6m) outflow from the discontinued operations that Interest received (0.3) (1.2) included: (
Slide 21: Formal Business
For personal use only Formal Business
Slide 22: Questions
For personal use only Questions
Slide 23: Financial Statements and Reports
Financial Statements and Reports For personal use only To receive and consider the financial report, the director’s report and the auditor’s report for the Company and its controlled entities for the year ended 30 June 2022 16
Slide 24: Adoption of the Remuneration Report
Adoption of the Renumeration Report For personal use only That the Company’s Remuneration Report for the year ended 30 June 2022 be adopted. Valid Proxies have been received in respect of this resolution as follows: For Against Proxy’s discretion Abstain 22,659,186 1,066,947 445,996 119,157 93.74% 4
Slide 25: Re-election of Director, Mary Verschuer
Re-election of Director, Mary Verschuer For personal use only That Mary Verschuer, who retires in accordance with the Company’s Constitution and being eligible for election, is re-elected as a Director of the Company. Valid Proxies have been received in respect of this resolution as follows: For Aga
Slide 26: Re-election of Director, Debra Stirling
Re-election of Director, Debra Stirling For personal use only That Debra Stirling, who retires in accordance with the Company’s Constitution and being eligible for election, is re-elected as a Director of the Company. Valid Proxies have been received in respect of this resolution as follows: For Aga
Slide 27: Grant of Performance rights to the Managing Director and CEO
Grant of Performance rights to the Managing Director and CEO For personal use only For the purposes of Listing Rule 10.14 to approve the grant of performance rights to Peter Loimaranta, Managing Director and Chief Executive Officer, as described in the Explanatory Memorandum. Valid Proxies have been
Slide 28: Appointment of Auditor
Appointment of Auditor For personal use only That subject to the consent of the Australian Securities & Investment Commission to the current auditor resigning, HLB Mann Jude (Vic Partnership) be appointed as the Company’s auditor. Valid Proxies have been received in respect of this resolution as fol
Slide 29: For personal use only
For personal use only