Slide 1: FY24 Results
Solution provider to the Australian electrical market FY24 Results 30 August 20 24
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer No Reliance The information contained in this document is not investment or financial product advice and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The information provided in this pr
Slide 3: Presenters
Presenters Michael Sainsbury Jason Boschetti Mohamed Yoosuff Executive Director & CEO Chief Financial Officer Executive Director Strategic Development IPD Group – FY24 Results 3
Slide 4: What we'll share today
What we’ll share today FY24 Results – Overview – Financial Performance – Market & Business Update – Strategy & Outlook – Q&A IPD Group – FY24 Results 4
Slide 5: Our Vision and Mission
Our Our Vision Mission To help build a future where To enhance every aspect of sustainable electrical infrastructure infrastructure through energy creates a better life for all. efficiency, automation and secure connectivity while prioritising the safety and wellbeing of people. IPD Group – FY24 Res
Slide 6: Overview
Overview IPD Group – FY24 Results 6
Slide 7: A Connected Group
A Connected Group Delivering customer value across the entire value chain Power distribution, energy Complete electrical management and automation engineering services for high product distribution with and low voltage projects with complimentary custom EV charging infrastructure assembly services s
Slide 8: Corporate Snapshot
Corporate Snapshot Capital Structure Board of Directors ASX Code IPG David Rafter Non-Executive Chair ASX Share price $4.75 (1) IPO Date 17th December 2021 Andrew Moffat Non-Executive Director Shares on issue 103,380,078 Net Debt $8.8M (2) Michael Sainsbury Executive Director & CEO Market capitalisa
Slide 9: FY24 Results Overview
FY24 Results Overview Continued growth exceeds top-end of earnings guidance (1) (1) (1) (1) Revenue Underlying EBITDA Underlying EBIT Underlying NPAT Underlying EPS $290.4m $40.1m $34.3m $23.3m 24.2 cents Up 28.0% (PCP $226.9m) Up 44.8% (PCP $27.7m) Up 46.6% (PCP $23.4m) Up 44.7% (PCP $16.1m) Up 30.
Slide 10: Financial Performance
Financial Performance IPD Group – FY24 Results 10
Slide 11: Financial Overview
Financial Overview Record revenues & profits (1) Underlying Movement % Acquisition of EX Engineering and CMI Operations $m FY24 FY23 (vs last year) delivers strong EBITDA, EBIT and NPAT growth. Revenue 290.4 226.9 28.0% • Record Revenue, EBITDA, EBIT and NPAT results for the Group Gross profit 107.8
Slide 12: Sales & Earnings Growth
Sales & Earnings Growth Record revenues & profits Revenue of $290.4 million, up 28.0% on pcp Revenue (1) Underlying EBITDA • The acquisitions of EX Engineering and CMI Operations have contributed to the Group's revenue growth. $40.1m $290.4m • Strong continuing revenue growth displayed by 35.0% CAGR
Slide 13: Pro-forma Financial Performance
Pro-forma Financial Performance Pro-forma sales & earnings (1) (1) Pro-forma Pro-forma On a comparable pro forma basis, IPD delivers gross $m FY24 FY23 Movement % profit, EBITDA, EBIT and NPAT growth during FY24 Revenue 350.4 343.3 2.1% • Pro-forma financials include the financial performance of EX
Slide 14: Balance Sheet
Balance Sheet Strong & flexible financial position As at As at $m 30 Jun 2024 30 Jun 2023 Net Assets Total current assets 173.3 109.1 $150.7m Total non-current assets 99.4 30.5 Total assets 272.7 139.6 Total current liabilities 80.4 55.0 Total non-current liabilities 41.6 11.7 Total liabilities 122.
Slide 15: Net Working Capital & Dividend
Net Working Capital & Dividend Continued investment for future growth Net working capital (NWC) of $76.9 million Net Working Capital (NWC) Dividends • Inventory increased by $29.0 million on 31 December 2023, with 6.2c $28.9 million of this contributed by the addition of EX $76.9m Engineering and CM
Slide 16: Market & Business Update
Market & Business Update IPD Group – FY24 Results 16
Slide 17: Energy Transition Supporting Strong Fundamentals
Energy Transition Supporting Strong Fundamentals Leveraging our unique value proposition to secure long term growth Megatrends Digital & Geopolitical Urbanisation Sustainability Electrification technological shifts transformation Product specification Engineering Maintenance, & supply & installation
Slide 18: IPD Business Update
IPD Business Update Energy Efficiency & Automation Experts Initiatives & Highlights Major Projects Demand Creation & Specification: Building Global Leader in Data Centres: Secured relationships through the Strategic Solutions Team, large forward orders for the next 12 months; targeting key segments
Slide 19: Addelec Business Update
Addelec Business Update Driving Sustainable Electrical Infrastructure Initiatives & Highlights Major Projects Integrated Brand and Expanded Reach: PTA / Programmed FM – Malaga Bus Depot: Integrated Gemtek into Addelec with new Awarded contract to provide EV charging; branding as of July 1; expanded
Slide 20: Ex Engineering Business Update
Ex Engineering Business Update Trusted in Electrical Safety for Hazardous Areas Initiatives & Highlights Major Projects Increased Workshop Demand: Achieved a 21% Global Energy Company Supply Contract: increase in workshop builds compared to the Ongoing support with a recent contract previous year. e
Slide 21: CMI Operations Business Update
CMI Operations Business Update Leaders in Safe & Reliable Power Connections Initiatives & Highlights Major Projects Continued Expansion: Expanding into Mongolia Western Sydney Harbour Tunnel: Supplied and Indonesia to tap into compatible markets. high-voltage plugs and cable for critical infrastruct
Slide 22: Voice of Our Customers
Voice of Our Customers Commendable NPS Score 32.9% NPS Growth reflects strong customer satisfaction • NPS improved to 32.9% in FY24, up from 30.2% in FY23. • Positive trend in customer satisfaction and engagement across all subsidiaries. • In the B2B industry, an NPS score of 30-40% is considered st
Slide 23: Diversified Revenue
Diversified Revenue Multiple technologies for diverse markets and stable growth FY24 Revenue by Type FY24 Revenue by Product Type Products - 93% Power Distribution - 43% Services - 7% Automation & Communication - 12% Cable - 12% Motor Control - 10% Hazardous Area Equipment - 10% Services - 7% Power
Slide 24: Product Vendor Relationships
Product Vendor Relationships Broadening of vendor base increases diversification Vendor Revenue Concentration Recent acquisitions of Ex Engineering and CMI 100% Operations continue to support diversification. 90% 80% 70% Contribution of the top 5 vendors have 60% Other Vendors decreased from 62% in
Slide 25: Creating a positive imprint
Creating a positive imprint Progress in sustainability, focusing on responsibility Environmental, Social & Governance • Repurposed timber for Australian flooring production. • Replaced polystyrene packing with corrugated cardboard, eliminating 160m³ of landfill waste. • Use 100% recycled paper for p
Slide 26: Strategy & Outlook
Strategy & Outlook IPD Group – FY24 Results 26
Slide 27: Strategic Priorities
Strategic Priorities Delivering growth, efficiency and sustainability Customer Value • Enhance customer experiences by leveraging our strong brand portfolio. & Market Expansion • Drive growth at double the market rate by expanding into new and underserved markets. Business Growth • Prioritise capita
Slide 28: Outlook
Outlook • The outlook for our markets remains buoyant, driven by the transition to renewable energy, increasing demand from data centres and their energy requirements, the growing number of EV chargers, and a supportive legislative environment. • IPD's experienced senior management, best-in-class cu
Slide 29: Q&A
Q&A IPD Group – FY24 Results 29
Slide 30: Thank you
Thank you IPD Group – FY24 Results 30