Wiseway Group Ltd. · ASX:WWG
Wiseway — H1 FY2019 Earnings Presentation
21 slides from Wiseway's earnings presentation, Mar 5, 2019
Slide 1: Wiseway Group Limited 1H FY2019 Results Presentation
For personal use only Wiseway Group Limited 1H FY2019 Results Presentation WISEWAY March 2019
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains summary information about Wiseway Group Limited (Wiseway) and its subsidiaries and their activities. The information in this presentation does not purport to be complete. It should be read in conjunction with Wiseway’s other periodic and co
Slide 3: Agenda
Agenda For personal use only 1. Key highlights for 1H FY2019 3 2. Business overview 6 3. Financial results 15 4. Q&A 19 5. Appendix 20 3
Slide 4: Key Highlights for 1H FY2019
Key Highlights for 1H FY2019 For personal use only 4
Slide 5: Key Highlights for 1H FY2019
Key Highlights for 1H FY2019 1 Revenue 1H FY 2019 $47.3 vs 1H FY 2018 $40.5m, 17% growth Group results Gross Margin 1H FY 2019 21.4% vs 1H 2018 18.1%, 330bps improvement For personal use only 1H FY2019 EBITDA 1H FY 2019 (Pro forma) $2m vs 1H FY 2018 $2.1m EBITDA Margin 1H FY 2019 4.2% vs 1H FY 2018
Slide 6: Business Overview
For personal use only Business Overview
Slide 7: Company snapshot
Company snapshot For personal use only Introduction National presence of Wiseway’s warehouses and facilities • Air freight • Sea freight • Import services Darwin7 Services • Scanning services • Domestic transportation • Warehousing Brisbane • Customs clearance and quarantine 1 warehouse facility Wis
Slide 8: Provides an unparalleled integrated logistics service
Provides an unparalleled integrated logistics service Outbound Inbound Domestic Transport Air freight Air freight General cargo and Division Sea freight Road freight (general cargo) (perishables) ecommerce imports For personal use only • Leading export air freight • Export air freight logistics • Ex
Slide 9: Competitive positioning
This document is private, confidential and not for distribution. The contents and use of contents by the recipient of this document is subject to the disclaimer on page 2. Competitive positioning For personal use only Wiseway is strategically positioned as an Asia-focused logistics specialist, creat
Slide 10: Outbound air freight
Outbound air freight For personal use only Significant growth in outbound air freight to China with ~32% CAGR growth from FY2016 – FY2018 Overview Wiseway total air freight shipped to China (tonnes) • Wiseway provides air freight services for general and perishable cargo in the Asia Pacific region,
Slide 11: Perishables
Perishables For personal use only Attractive perishables market provides next wave of growth for Wiseway Overview Wiseway’s process for perishable products • In July 2017, Wiseway invested in cold storage facilities in NSW and Victoria to commence perishable operations • Perishables expansion in res
Slide 12: Other business divisions
Other business divisions For personal use only General cargo and eCommerce imports Sea freight exports • Wiseway manages inbound air freight to Australia originating in China • Commenced sea freight division in FY2016 • Particular focus working with large distribution companies in China to • Wiseway
Slide 13: Other business divisions: Domestic road freight
Other business divisions For personal use only Domestic road freight • Value-add service to air freight clients, manufacturers and distributors • Primary purpose is to provide air freight clients a door-to-port service and to utilise air space capacity of different origin airports • Fleet of over 83
Slide 14: Wiseway is strategically positioned for long term growth
This document is private, confidential and not for distribution. The contents and use of contents by the recipient of this document is subject to the disclaimer on page 2. Wiseway is strategically positioned for long term growth For personal use only Wiseway’s growth strategy is focused on three key
Slide 15: 1H 2019 Financial results
For personal use only 1H 2019 Financial results 15
Slide 16: Financial summary
Financial summary Growth across all revenue segments…. For personal use only ($m) 1H FY2019 1H FY2018 Commentary Revenue Revenue 47.3 40.5 • During the 6 month period to 31 December 2018, the Company experienced strong revenue Cost of goods sold (37.1) (33.1) growth of $47.3m, up $6.8m or 17% on the
Slide 17: Cash Flow
Cash Flow Re-investment to facilitate expected future growth For personal use only 1H 1H Commentary ($m) FY2019 FY2018 Operating cash flow Operating activities 1.2 2.1 • Relatively lower trade receipts due to higher DSO’s (approx. 20 vs 30 days) due to more corporate and larger credit accounts Inves
Slide 18: Strong Financial Position
Strong Financial Position Strong cash position and minimal debt For personal use only ($m) 1H 2019 1H 2018 Commentary Current assets Strong cash position Cash and cash equivalents 18.2 1.3 • The company is well positioned to fund growth and expansion activities with $18.2 million cash Trade & other
Slide 19: Q&A
For personal use only Q&A
Slide 20: Appendix
For personal use only Appendix
Slide 21: Reconciliation to 1H FY2019 Underlying EBITDA and NPAT
Reconciliation to 1H FY 2019 Underlying EBITDA and NPAT For personal use only 9 months 3 months 6 months IPO related Pro-forma ($m) 31 Dec 2018 Apr-Jun 2018 Jul-Dec 208 adjustments Jul-Dec 2018 Total Revenue 69.8 22.5 47.3 - 47.3 Cost of Sales (55.0) (17.9) (37.1) - (37.1) Gross profit 14.7 4.6 10.1