Maxiparts Limited · ASX:MXI
Maxiparts — Shareholder Meeting (November 2023)
26 slides from Maxiparts's shareholder meeting presentation, Nov 23, 2023
Slide 1: 2023 Annual General Meeting
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au 23 November 2023 MaxiPARTS Limited 2023 Annual General Meeting Chairman’s and Managing Director’s Addresses For personal use only Attached are the Chairman’s Address, Managing Director’s Address and presentatio
Slide 2: Chair's Address
For personal use only CHAIR’S ADDRESS Mary Verschuer
Slide 3: Chair's Address
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au 23 November 2023 MaxiPARTS Limited 2023 Annual General Meeting Chair’s Address I’d like to start by acknowledging the traditional owners of the lands on which we are meeting the Wurundjeri people, of the Kulin
Slide 4: Chair's Address (continued)
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au As foreseen by Rob Wylie at last year’s AGM we have now completed our process of board renewal. We appointed Frank Micallef to our board in February, Frank is a seasoned finance professional and brings a wealth
Slide 5: Managing Director's Address
For personal use only MANAGING DIRECTOR’S ADDRESS Peter Loimaranta
Slide 6: Managing Director's Address
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au 23 November 2023 MaxiPARTS Limited 2023 Annual General Meeting Managing Director’s Address At a macro level, FY23 saw MaxiPARTS produce a strong set of financial and non-financial results. The strong financial
Slide 7: Managing Director's Address (continued)
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au Last week we announced the acquisition of Independant Parts which is expected to complete in the coming weeks. Independant Parts is an acquisition that meets both our strategic and financial criteria and provid
Slide 8: AGM Slide Pack
For personal use only AGM SLIDE PACK
Slide 9: Strategic Pillars
Strategic Pillars SYSTEMS For personal use only SYSTEMS AND NETWORK PEOPLE PRODUCT AND SOLUTIONS SOLUTIONS IMPROVE SAME STORE DEVELOP OUR LEADERS FOR DELIVER TARGET REVENUE SYNERGIES FROM INCREASE IN E-COMMERCE PERFORMANCE THE FUTURE EXPANDED CORE PRODUCT OFFERING PRESENCE GROW NATIONAL NETWORK DELI
Slide 10: Board of Directors
Board of Directors For personal use only Mary Verschuer Peter Loimaranta Chair, Non-Executive CEO & Managing Director Gino Butera Debra Stirling Frank Micallef Director, Non-Executive Director, Non-Executive Director, Non-Executive 3
Slide 11: FY23 Highlights
For personal use only FY23 HIGHLIGHTS
Slide 12: FY23 Financial Highlights
FY23 Financial Highlights Capital Distribution & EPS Capital Management & Cash For personal use only • Return to consistent fully franked Dividend Distribution • Debt Facility renegotiated to provide additional funding H2 FY22 2.5 cents for acquired business and extension on maturity of debt H1 FY23
Slide 13: FY23 Highlights
FY23 Highlights Execution of Strategic Truckzone Integration For personal use only Projects • Completion of branch rebrand, IT systems, data • Network investment resulting in a significant increase consolidation, safety processes, site consolidations in national site capacity • Increased sales volum
Slide 14: Förch Update
For personal use only FÖRCH UPDATE
Slide 15: Förch Status and Priorities
Förch Status and Priorities For personal use only • Acquisition of the independent Brisbane distributor announced (in the process of being completed) creating the accelerated national expansion opportunity + immediate earnings accretion • Melbourne warehouse successfully consolidated into MaxiPARTS
Slide 16: Independant Parts
For personal use only Independant Parts
Slide 17: Independant Parts – Acquisition Overview
Independant Parts – Acquisition Overview Company Overview Competitive Advantages • One of the largest remaining privately owned commercial truck & trailer 1 2 parts distribution companies in Western Australia Highly-scalable embedded In-depth specialist parts For personal use only operations busines
Slide 18: Outlook
For personal use only OUTLOOK 12
Slide 19: FY24 Outlook
FY24 Outlook • MaxiPARTS full year guidance remains inline with previously communicated 1Q FY24 Revenue Performance1 outlooks (as per FY23 Results Presentation released on 24 August 2023) MXI sales Sales to Previously owned Trailer business Forch Austalia Sales For personal use only 13.0% YoY Growth
Slide 20: Formal Business
For personal use only Formal Business
Slide 21: Questions
For personal use only Questions
Slide 22: 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 2023 16
Slide 23: 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 2023 be adopted. Valid Proxies have been received in respect of this resolution as follows: For Against Proxy’s discretion Abstain 27,103,245 918,263 57,485 95,561 96.53% 3.27%
Slide 24: Re-election of Director, Frank Micallef
Re-election of Director, Frank Micallef For personal use only That Frank Micallef, 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 25: 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 26: For personal use only
For personal use only