Novus Holdings Ltd. · JSE:NVS
Novus — FY2024 Earnings Presentation
20 slides from Novus's earnings presentation, June 2024
Slide 1: Annual Financial Results Presentation for year ended 31 March 2024
Annual Financial Results Presentation for year ended 31 March 2024
Slide 2: Contents
FY2024 Contents Executive Overview Financial Review Outlook Questions Appendix Annual Financial Results Presentation for year ended 31 March 2024 2
Slide 3: Executive Overview
FY2024 Annual Financial Results Presentation for year ended 31 March 2024
Slide 4: Executive Overview: Group
01 E X E C U T I V E O V E R V I E W Executive Overview Overview: Group Print Education Packaging Revenue R2 419m R966m R656m EBITDA R92m R427m R92m Contribution to Group EBITDA* 14,8% 69,2% 14,9% *Other segment and intergroup eliminations contributes R7m (1.1%) to Group EBITDA Annual Financial Resu
Slide 5: Executive Overview: Print
01 E X E C U T I V E O V E R V I E W Executive Overview: Print Revenue R2 419m EBITDA R92m Contribution to Group EBITDA 14,8% PRINT o Continued optimisation of the Print business to manage fixed costs o Reduction in inventory from R657m to R302m o Loadshedding impacting operational efficiencies with
Slide 6: Executive Overview: Education
01 E X E C U T I V E O V E R V I E W Executive Overview: Education Revenue R966m EBITDA R427m Contribution to Group EBITDA 69,2% EDUCATION o 12-month inclusion in the Group results o Objective of business is to deliver learning outcomes rather just print o Launched an AI enabled platform, Maski o Si
Slide 7: Executive Overview: Packaging
01 E X E C U T I V E O V E R V I E W Executive Overview: Packaging Revenue R656m EBITDA R92m Contribution to Group EBITDA 14,9% PACKAGING o Experienced management team managing efficient operations o Committed capital expenditure to expand product portfolio o Packaging remains a growth area Annual F
Slide 8: Financial Review
FY2024 Annual Financial Results Presentation for year ended 31 March 2024 8
Slide 9: Group income statement key features
02 F I N A N C I A L R E V I E W Group income statement key features Financial year ended 31 March 2024 2024 2023 Revenue R3 962m R3 196m 23,9% ▲ Gross profit R1 137m R600m 89,5% ▲ Gross margin 28,7% 18,8% 9,9% ▲ Overheads R744m R593m 25,5% EBITDA R628m R132m ▲ Operating profit* R393m R7m ▲ Operatin
Slide 10: Cash flow analysis at 31 March
R'm 1000 1200 1400 0 200 400 600 800 Balance at 1 April 2023 392 Profit before tax 360 Non-cash adjustments 272 and other Changes in working 327 capital Annual Financial Results Presentation for year ended 31 March 2024 Net loan repayments and 110 net interest Taxation paid 132 Cash flow analysis at
Slide 11: Net Working Capital
02 F I N A N C I A L R E V I E W Net Working Capital Financial year ended 31 March 2024 1 000 900 800 700 600 500 927 941 400 828 300 570 200 100 - Sept 2022 March 2023 Sept 2023 March 2024 Net working capital Annual Financial Results Presentation for year ended 31 March 2024 11
Slide 12: Outlook
FY2024 Annual Financial Results Presentation for year ended 31 March 2024
Slide 13: Group outlook and conclusion
03 O U T L O O K Group outlook and conclusion Packaging to leverage from the capital expansion in FY24 Print plants continue to drive efficiencies and cost containment Print to align themselves with key customers and remain the advertising method of choice Continued investment into MML Digital strat
Slide 14: Questions
FY2024 Annual Financial Results Presentation for year ended 31 March 2024
Slide 15: Appendix
FY2024 Annual Financial Results Presentation for year ended 31 March 2024
Slide 16: Group overview
05 A P P E N D I C E S Group overview Financial year ended 31 March 2024 o Overall revenue increase of 23,9% due to REVENUE inclusion of 12 months results of MML with an impact of R810m. o This was offset by slight declines in Print R’m FY21 FY22 FY23 FY24 and Packaging segments, net of intergroup r
Slide 17: Print segment | Commentary
05 A P P E N D I C E S 03 O P E R A T I O N A L R E V I E W Print segment | Commentary Financial year ended 31 March 2024 R’m FY21 FY22 FY23 FY24 o Overall tonnages were down 9.1% but REVENUE revenue remained flat, increasing by 3 000 45% 1.9%, mainly due to the drop in Retail inserts & catalogues a
Slide 18: Packaging segment | Commentary
05 A P P E N D I C E S Packaging segment | Commentary Financial year ended 31 March 2024 *Includes ITB Flexible Packaging Solutions and Novus Labels. R’m FY21 FY22 FY23 FY24 45% o ITB revenue saw a decrease in volume of REVENUE 2 400 4,5% following the loss of a significant 40% customer. 1 900 35% o
Slide 19: Education segment | Commentary
05 A P P E N D I C E S Education segment | Commentary Financial year ended 31 March 2024 R’m FY23 FY24 61% 900 60,7% 61% 966 60% o The current year includes 12 months REVENUE,GP & OPERATING PROFIT 60% of MML results, whereas the prior year included 4 months from the 400 59% acquisition date of 30 No
Slide 20: Investor Relations Contacts
Investor Relations Contacts +27 21 550 2500 Investor.Relations@novus.holdings NOVUS HOLDINGS | 2019 INTERIM RESULTS