Slide 1: HY25 Results Investor Presentation
SCOTT TECHNOLOGY LIMITED HY25 RESULTS INVESTOR PRESENTATION 16 April 2025
Slide 2: HY25 Half Year Results
INVESTOR PRESENTATION HY25 Half Year Results Mike Christman Mark O’Malley Anthony Wesney Chief Executive Officer Chief Financial Officer Director of Transformation AGENDA 3 Key Messages 4 Impressions From CEO 8 HY25 Performance 16 Sector Highlights 21 Environmental, Social & Governance 24 Closing Co
Slide 3: Key messages
SUMMARY Key messages • Strategy refresh: focusing on the customer and intimately understanding their needs • Revenue slow down across sectors: driven by the lag impact of slow order in-take throughout FY24 • Cash flow positive: focus on working capital and normalising cash following some large anoma
Slide 4: Impressions from the CEO
IMPRESSIONS FROM THE CEO Scott Technology Limited HY25 Results | 4
Slide 5: Impressions from the CEO
SUMMARY Impressions from the CEO • Market leading technology with a truly global opportunity • Highly skilled and passionate people • Margin expansion and modular approach provide positive momentum • R&D has been project-to-project rather than a strategically integrated roadmap • Sales have plateaue
Slide 6: What has changed when looking back five years
SUMMARY What has changed when looking back five years HY20 HY25 Change 101.8 CAGR Comment Net Margin % 18% 29% +11 p.p Focus on cost out, scalable solutions and higher margin projects Service revenue ($m) $23 $37 +61% +10% Improved service penetration – further opportunity exists Net Cash/(Debt) ($m
Slide 7: 2030 strategy refresh
SUMMARY 2030 strategy refresh Finalise group 2030 strategy refresh including detailed market analysis, customer focused solutions and establish a collaborative culture: • Customers First: intimately understanding and solving our customers needs • One Scott: culture shift required to unlock potential
Slide 8: HY25 Performance
HY25 PERFORMANCE Scott Technology Limited HY25 Results | 8
Slide 9: HY25 Business Highlights
SUMMARY HY25 Business Highlights Strong Q2 provides momentum for the A proactive safety culture continues to drive next six months – Q2 saw key project engagement and improvement with an 83% wins, return to net cash positive and increase in safety conversations in HY25. posted two-thirds of HY25’s E
Slide 10: HY25 Performance Snapshot
SUMMARY HY25 Performance Snapshot HY25 Revenue Group Margin Performance Reported EBITDA* $122M - 14% 29% +3 PTS $12M - 14% HY24 $141M +11% | HY23 $127M +11% HY24 26% +0 PTS | HY23 26% + 4 PTS HY24* $14M - 3% | HY23* $15M + 20% Service Revenue Contribution Forward Work** Underlying Earnings Per Share
Slide 11: Revenue down on market conditions and soft order in-take through FY24
REVENUE Revenue down on market conditions and soft order in-take through FY24 5 year Revenue CAGR • Revenue of $122m for HY25 in a challenging market and 140.9 Total Revenue timing of major projects and order in-take in prior periods 126.5 121.7 5% 113.8 36.6 • Lag impact of lower orders and failure
Slide 12: Improved forward work but low orders in FY24 provided headwinds in HY25
FORWARD WORK AND ORDER IN-TAKE Improved forward work but low orders in FY24 provided headwinds in HY25 Forward work Soft order in- take in FY24. • Soft order in-take across FY24 and start of HY25 provided Increasing in 191 195 HY25 primary challenges to revenue in the half 184 16 165 19 19 161 160 •
Slide 13: EBITDA performance over time
EBITDA EBITDA performance over time Reported EBITDA 16.0 14.0% 11.5% 10.0% 14.0 9.9% 10.4% 10.0% 12.0% • Reduced EBITDA driven by top-line revenue, partly offset 12.0 10.0% 10.0 by net margin improvement 8.0% EBITDA 8.0 14.6 14.1 6.0% • Upside of $0.4m from net change in total overheads 6.0 11.8 12.
Slide 14: NPAT remains in-line despite the downside in EBITDA
NET PROFIT NPAT remains in-line despite the downside in EBITDA Net Profit After Tax (NPAT) 4.5 1.0 4.3 • A -14% decline in revenue was mitigated through 0.3 improved net margins and positive impacts below the 0.6 line (0.1) • Depreciation & Amortisation decrease as a result of (2.0) lower amortisati
Slide 15: Significant cashflow improvement in the half following volatility
CASHFLOW AND NET DEBT Significant cashflow improvement in the half following volatility Operating Cashflow Normalising operating cash position • Significantly improved operating cash after cycling large cash receipts and timing of builds in prior periods 26.0 14.5 • Capital management needs to take
Slide 16: Sector Highlights
SECTOR HIGHLIGHTS Scott Technology Limited HY25 Results | 16
Slide 17: Timing of key North American projects impacting top-line
MATERIALS HANDLING Timing of key North American projects impacting top-line Revenue (NZ$m) • Overall: revenue driven by the timing of large projects offset 62.7 by improved margin 53.3 46.5 9.0 6.9 34.0 33.5 9.1 15.0 7.2 • Europe & North America: Strong period in Europe partnering Transbotics 7.7 US
Slide 18: Strong growth in standard products offset by softer Modular revenue
MINERALS Strong growth in standard products offset by softer Modular revenue Revenue (NZ$m) • Overall: A decline of -9% in revenue following record period in 25.6 23.4 HY24 3.1 0.7 18.2 17.0 3.4 6.1 12.7 0.2 1.2 Energize • Rocklabs standard: strong unit sales for crushers & pulverisers, Modular cont
Slide 19: Momentum into 2H25 despite global macroeconomics challenges
PROTEIN Momentum into 2H25 despite global macroeconomics challenges Revenue (NZ$m) • Overall: largely flat revenue in a challenging environment. Strong 34.4 margin improvement & momentum of orders heading into 2H25 31.3 31.3 30.5 2.6 3.3 1.3 10.5 9.0 Poultry • BladeStop: revenue is up +10% HY24 on h
Slide 20: Focus on proven technology delivers solid margin contribution
APPLIANCE (and ROB) Focus on proven technology delivers solid margin contribution at Revenue (NZ$m) • Overall: quality of earnings has improved over time following 35.4 the successful exit of legacy businesses and focus on providing 30.7 28.6 proven technologies with lower risk to blue-chip customer
Slide 21: Environmental, Social and Governance
ENVIRONMENTAL, SOCIAL AND GOVERNANCE Scott Technology Limited HY25 Results | 21
Slide 22: Sustainability Update
ENVIRONMENTAL SOCIAL & GOVERNACE Sustainability Update First Sustainability Record Employee Third year for Scott Report published Engagement An 85% Women in Engineering in November, our survey participation rate scholarship, applications inaugural report reflects strong employee now open. outlines k
Slide 23: Proactive engagement drives high performance safety culture
HEALTH & SAFETY Proactive engagement drives high performance safety culture Health, Safety & Wellbeing Performance • Proactive Engagement: 83% increase in safety FY24 HY24 HY25 conversations and Site Safety Walks, reflecting a strong 0 safety-first mindset. 0 0 Fatality • Global Collaboration: Conti
Slide 24: Closing Comments
CLOSING COMMENTS Scott Technology Limited HY25 Results | 24
Slide 25: Outlook
CLOSING COMMENTS Outlook • Solid momentum heading into 2H25 following a strong Q2, recent large project wins* and increasing standard product sales. • The recent announcements on tariffs are expected to have a limited direct impact on Scott for FY25 however the more significant impact is the increas
Slide 26: Strategy refresh required
CLOSING COMMENTS Strategy refresh required Revenue has plateaued: an issue that we need to structurally address Market leading technology: with a truly global opportunity Culture shift required: to unlock potential and foundation for sustainable growth globally Customer first: intimately understandi
Slide 27: Thank You
THANK YOU Scott Technology Limited HY25 Results | 27