Oldfields Holdings Ltd · ASX:OLH
Oldfields — Shareholder Meeting (November 2019)
29 slides from Oldfields's shareholder meeting presentation, Nov 27, 2019
Slide 1: Oldfields Holdings Limited Annual General Meeting
OLDFIELDS HOLDINGS LIMITED ANNUAL GENERAL MEETING 27th NOVEMBER 2019
Slide 2: Important notice and Disclaimer
Important notice and Disclaimer This company presentation (“Presentation”) has been prepared by Oldfields Holdings Limited ABN 92 000 307 988 “OLH”, “Oldfields”, or “the Company”) Summary information: This Presentation contains summary information about OLH and its related bodies corporate and their
Slide 3: Chairman & Board
Chairman & Board • Lewis Timms, Chairman • Steve Hooper, Non Executive Director • Richard Abela, Managing Director & CEO 3
Slide 4: Agenda
Agenda Welcome Chairman’s Address CFO Address CEO Address Resolutions 4
Slide 5: Chairman Address Lewis Timms
Chairman Address Lewis Timms
Slide 6: Placement of Shares
oldfields 2019 Annual Report Year Ended 30 June 2019 ABN 92 000 307 988 PLACEMENT OF SHARES
Slide 7: Placement of Shares
Placement of Shares Key terms of the Subscription Agreement between the Company and EQM Holdings Pty Ltd as trustee of the EQM Holdings Trust (the Subscriber): - issue 85,530,329 shares at $0.06 per share (representing 51.00% of the Company’s issued share capital on a fully diluted basis as at the S
Slide 8: Placement of Shares – Cont'd
Placement of Shares – Cont’d The proceeds from the placement to be applied in the following order of priority: - Firstly, towards the Agreed Westpac Amounts - Secondly, towards repayment of the Timms Amount - The balance for general working capital purposes 8
Slide 9: Placement of Shares – Cont'd
Placement of Shares – Cont’d Under the terms of the Subscription Agreement, the Subscriber has nominated the following person as Non-Executive Director of the Company - Mr David Baird - Mr Jie Ma - Mr Jonathan Doy The above appointments are subject to the approval of the Placement of Shares to the S
Slide 10: Company Secretary & CFO Alan Lee
COMPANY SECRETARY & CFO ALAN LEE
Slide 11: Review of Revenue
Review of Revenue FY18 FY19 FY18 v FY19 Mov’t % Sheds 246 195 (51) (20.7%) Paint 4,933 4,246 (687) (13.9%) Consumer 5,179 4,441 (738) (14.2%) Scaffold 20,832 20,319 (513) (2.5%) Unallocated (113) (5) Total Group 25,898 24,755 (1,143) (4.4%) 11
Slide 12: EBITDA Bridge – FY19 vs FY18
EBITDA Bridge – FY19 vs FY18 1,600 364 1,400 1,200 1,121 128 180 1,000 207 22 107 915 - $'000s 800 286 213 600 400 Consumer division Scaffold division 200 - EBITDA - FY18 Paint sales Paint COGS Paint - SG&A Shed - Scaffold sales Scaffold margin Scaffold - SG&A HO Support EBITDA - FY19 volume improve
Slide 13: EBITDA to NPAT - FY19 vs FY18
EBITDA to NPAT - FY19 vs FY18 2019 2018 Change $000’s $000’s % Group Revenue (Net) 24,755 25,898 (4.4%) Net Profit after Tax (228) 1,550 (114.7%) add backs DSLN Debt Revaluation (508) (1,936) Interest 355 286 Depreciation & Amortisation 880 912 Income Tax Expense 416 309 EBITDA 915 1,121 (18.4%) 13
Slide 14: Chief Executive Officer Richard Abela
CHIEF EXECUTIVE OFFICER RICHARD ABELA
Slide 15: Review of 2019 & building blocks laid - Scaffolding
Review of 2019 & building blocks laid - Scaffolding • Oldfields has not been spared form the building slow down – Trading conditions has seen an escalation in unstructured quoting and as such a corresponding tightening of profit margins has ensued. • Progress is being made in the on boarding of coun
Slide 16: Review of 2019 and building blocks laid - Paint
Review of 2019 and building blocks laid - Paint • Product innovation continues to drive our paint agenda Nov 17 – We now have solidified our place with the Pro Series Brush – Other hero products are and will continue to be rolled out • Pro Series Roller and now Pro series Brush are the benchmarks. •
Slide 17: Capacity Building – New skills
Capacity Building – New skills • New senior People and Performance resource employed to drive & support change • Renewed focus on skills and capabilities at all levels • All structures are under review to ensure both back end and front end capacity is strong. • Stronger KPI and performance metrics n
Slide 18: New energy new future – 103 years in and a new beginning
New energy new future – 103 years in and a new beginning ! • Expand into China & Asia market (Scaff). • Scaffolding - Continue build structure in branches that will facilitate expansion. • Develop paint internationally • Paint – continue to reclaim trade and industrial market leadership • New brandi
Slide 19: Focus for areas for 2020
Focus for areas for 2020 1. Work with the new board – 3 year plan to be presented in the first qtr. of 2020 2. People / skill / capacity – Up skilling continues to be our main focus area at all levels of the organisation. – Continue building a culture of belief and growth to our rightful market shar
Slide 20: First Half 2020
First Half 2020 • Consolidation / change year in difficult conditions in preparation for growth. • 1st quarter of the 2019/20 year was tough while the 2nd quarter begins to get the business back on track • Key people placements are now starting to demonstrate potential in segments of the business …
Slide 21: Items of Business
oldfields 2019 Annual Report Year Ended 30 June 2019 ITEMS OF BUSINESS
Slide 22: Financial Statements & Reports
Financial Statements & Reports To receive and consider the following reports of the company for the financial year ended 30 June 2019; • The financial report ( which includes the Statement of Financial Position, Statement of Comprehensive Income, Cash Flow Statement and Directors Declaration); and •
Slide 23: Resolution 1
Resolution 1 Re-election of William Lewis Timms as a Director “That William Lewis Timms, who retires by rotation in accordance with the Company's Constitution, and being eligible offers himself for re-election as a Director, be re-elected as a Director.“ 23
Slide 24: Resolution 2
Resolution 2 Remuneration Report “That the FY2019 Remuneration Report be adopted” 24
Slide 25: Resolution 3
Resolution 3 Placement of Shares "That for the purposes of Chapter 2E and item 7 of section 611 of the Corporations Act and for all other purposes, the issue of the Subscription Shares to the Subscriber as consideration for the payment of the Subscription Amount on the terms and conditions set out i
Slide 26: Resolution 4
Resolution 4 Appointment of Mr David Baird as a Director "That, subject to the passing of Resolution 3, for the purposes of rule 6.1(c) of the Company's constitution and for all other purposes, Mr David Baird be appointed as a Non-Executive Director of the Company with effect on and from the issue o
Slide 27: Resolution 5
Resolution 5 Appointment of Mr Jie Ma as a Director "That, subject to the passing of Resolution 3, for the purposes of rule 6.1(c) of the Company's constitution and for all other purposes, Mr Jie Ma be appointed as a Non-Executive Director of the Company with effect on and from the issue of the Subs
Slide 28: Resolution 6
Resolution 6 Appointment of Mr Jonathan Doy as a Director "That, subject to the passing of Resolution 3, for the purposes of rule 6.1(c) of the Company's constitution and for all other purposes, Mr Jonathan Doy be appointed as a Non-Executive Director of the Company with effect on and from the issue
Slide 29: Oldfields
oldfields
Oldfields Holdings — Shareholder Meeting (November 2019) on 6ix