Slide 1: Results for the year ended 30 June 2022
Results for the year ended 30 June 2022
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation is authorised by the Board of Simonds Group Limited (Company) and is current as at the date of the cover page. It is solely based on, and should be read in connection with, information contained on other periodic and continuous disclosure announcemen
Slide 3: FY22: Facing the Challenges and Strengthening for the Future
FY22: Facing the Challenges and Strengthening for the Future Collections from customers remained strong but were offset by the significant increases in supply and labour input costs during the period. A lower operating cash position was offset by an inflow of cash from investment activities through
Slide 4: Simonds Homes Results for the FY22
Simonds Homes Results for the FY22 Key Metrics Revenue increase reflects the impact of increased site start dollar values of jobs going to site. Revenue1 EBITDA1 $687.5m $3.7m Collections from customers remained strong, offset by significant increases in down $23.8m up $25.9 (+3.9%) from $661.6m fro
Slide 5: Income Statement
Income Statement 30-Jun-22 30-Jun-21 Revenue from construction and related activities $m $m increased by 4% predominantly as a result of price Continuing operations increases across the year. Revenue 687.5 661.6 Cost of sales (551.6) (506.3) Gross margin 135.9 155.3 Gross margin saw a decline mainly
Slide 6: Gross Margins Materially Impacted by Inflation, Reduced Site Starts and Supply Constraints
Gross Margins Materially Impacted by Inflation, Reduced Site Starts and Supply Constraints Gross Margin – FY2022 vs FY2021 Despite increase in revenue, the gross margin (“GM”) saw a decline of $19.5m predominantly attributable to input price increases against fixed price contracts. Uplift in site st
Slide 7: Balance Sheet
Balance Sheet 30-Jun-22 30-Jun-21 Earnings and the continued focus on working capital $m $m management and the sale of BAA, has ensured the Cash / Equivalents 11.1 22.8 Group has a relatively strong net cash position. Receivables 38.2 33.4 Tax receivable 9.9 2.3 Accrued revenue rose due to an increa
Slide 8: Cash Flows for the Full Year
Cash Flows for the Full Year 30-Jun-22 30-Jun-21 Cash from operating activities were impacted by $m $m productivity delays on site, offset by timing of tax payments. Cash flows from operating activities Receipts from customers 735.6 731.3 Payment to suppliers and employees impacted by Payments to su
Slide 9: Current Trading Conditions and Outlook
Current Trading Conditions and Outlook Continued investment into traditional and new sales channels is anticipated to sustain and support growth. Uncertainties within the current supply and trade labour environment make forward-looking statements problematic. Heightened demand created by the HomeBui
Slide 10: Residential Market Slowing but Industry Pipeline Remains Strong
Residential Market Slowing but Industry Pipeline Remains Strong Population Outlook: Annual Industry Site Start Commencements – Houses: • One of the important factors behind population growth is net • Residential market is softening, but pipeline remains strong. overseas migration, anticipated to ret
Slide 11: Key Initiatives FY23 and FY24
Key Initiatives FY23 and FY24 Despite challenging market conditions a healthy committed order book will continue to support key transformation initiatives focused on restoring profitability. This work continues the Company’s commitment to achieving the operational excellence that will support future
Slide 12: Simonds Sustainability Focus
Simonds Sustainability Focus Simonds is a volume home builder that provides customers with high quality, aesthetically pleasing and affordable houses that provide Australian families with an outstanding living experience and value for money. Simonds recognises the demand for sustainable living and b
Slide 13: Thank you
For more information contact us at: Telephone: +61 3 9682 0700 Mailing address: Locked Bag 4002 South Melbourne VIC 3205 Physical address: Level 1, 570 St Kilda Road Melbourne VIC 3004 www.simondsgroup.com.au Authorised for lodgement by Simonds Group Limited Board of Directors. Thank you