Oldfields Holdings Ltd · ASX:OLH
Oldfields — Investor Presentation (November 2022)
34 slides from Oldfields's investor presentation, Nov 1, 2022
Slide 1: Capital Raise Investor Presentation
Capital Raise Investor Presentation 1 November 2022 ASX: OLH Oldfields Holdings Limited
Slide 2: A Letter From Our CEO
A LETTER FROM OUR CEO As Oldfields Holdings Ltd propels into a new era, we have seen a strong start to FY23 with the group delivering positive revenue growth in Q1 FY23. With 40% (Q1FY23 Vs Q1FY22) improvement across the group, growth continues to be driven by our strong value chain, market demand a
Slide 3: Why Oldfields?
Oldfields Investor Presentation 1 November 2022 WHY OLDFIELDS? 106-year-old trusted Australian brand and service partner Rich history as prominent master brush makers since 1916 Product, Service and Safety backed by a National ASX Listed company Products and solutions fit for multiple client purpose
Slide 4: Disclaimer
Oldfields Investor Presentation 1 November 2022 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 relate
Slide 5: Contents
Oldfields Investor Presentation 1 November 2022 CONTENTS Executive Summary 6 Background & Strategy 7 Key Markets Paint 11 Scaffolding 13 Growth Initiatives 15 Trading Update 17 Use of Funds 21 Capital Raising Offer Summary 24 Timetable 25 Risks 26 Board of Directors & 33 & 34 Executive Team
Slide 6: Executive Summary
Oldfields Investor Presentation 1 November 2022 EXECUTIVE SUMMARY An equity raising of approximately $5 million (the “Equity Raising”) at an offer price of $0.065 per New Share, comprising: a 1-for-2.18 pro-rata non-renounceable entitlement offer Approximately 76.9 million new fully paid ordinary sh
Slide 7: Background & Strategy
BACKGROUND & STRATEGY
Slide 8: Oldfields Snapshot
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Slide 9: Our Strategy
Oldfields Investor Presentation 1 November 2022 OUR STRATEGY Transform, Execute, Accelerate Streamline and tailor our brand Transform and take the offering and become the go-to business into the digital age brand for scaffolding and paint with an overhaul of systems, equipment in ANZ and abroad busi
Slide 10: Key Markets
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Slide 11: Market Information - Paint
Oldfields Investor Presentation 1 November 2022 MARKET INFORMATION - PAINT The estimated value of the Paint industry market in Australia is approximately $1.85b*. Oldfields considers that the addressable market within the Paint industry is $160m-$200m based on the Paint accessories market of which O
Slide 12: Key Opportunities - Paint
Oldfields Investor Presentation 1 November 2022 KEY OPPORTUNITIES - PAINT We aim to grow through entering new markets and increasing penetration in existing markets while also refining and offering new avenues to purchase for customers KEY GROWTH INCREASE EASE MARKETS OF DOING BUSINESS Key Vertical
Slide 13: Market Information - Scaffolding
Oldfields Investor Presentation 1 November 2022 MARKET INFORMATION - SCAFFOLDING The estimated market size in Australia for Scaffolding Sales, Hire and Service is estimated to be $2.1b*. Industry revenue is forecast to increase driven by improved demand conditions in the key building markets recover
Slide 14: Key Opportunities - Scaffolding
Oldfields Investor Presentation 1 November 2022 KEY OPPORTUNITIES - SCAFFOLDING We aim to grow through a stronger brand presence and systematic market approach, leveraging our local and national expertise allowing for specific specialisation to be deployed effectively and efficiently AREAS OF BRAND
Slide 15: Growth Initiatives
GROWTH INITIATIVES
Slide 16: Growth Initiatives
Oldfields Investor Presentation 1 November 2022 GROWTH INITIATIVES BRAND MARKET REFINEMENT & NEW MARKET GROWTH Exploit heritage brand and embark on brand build journey Launch robust pipeline development and management. within key/new markets Acquire new customers in existing verticals Grow brand e
Slide 17: Trading Update
TRADING UPDATE
Slide 18: Trading Update
Oldfields Investor Presentation 1 November 2022 TRADING UPDATE Q1 FY23 Group sales revenue of $8.92m, up 42.8% on Q1FY22, with overall Group returning to positive earnings in FY23* SCAFFOLD PAINT TOTAL DIVISION DIVISION GROUP +53.8% +15.1% +42.8% The new centralised team had significant impacts on w
Slide 19: Revenue Trend
Oldfields Investor Presentation 1 November 2022 REVENUE TREND The revenue growth in FY2023 is forecasted to come from an increase in sales channels, a dedicated targeted customer strategy, new markets and additional avenues to purchase 30m 26.7M 25.9M 24.8M 24.6M 24.5M 22.7M 20m 10m 0m FY2017 FY2018
Slide 20: EBITDA Trend
Oldfields Investor Presentation 1 November 2022 EBITDA TREND EBITDA improvement in FY2023 will be attributable to an increase in revenue, margin improvement, and cost saving initiatives from business transformation 2.5m 2.0M 2m 1.5m 1.1M 1m 0.9M 0.7M 0.7M 0.5m 0.2M 0m -0.5m -0.9M -1m FY2017 FY2018 F
Slide 21: Use of Funds
USE OF FUNDS
Slide 22: Use of Funds
Oldfields Investor Presentation 1 November 2022 USE OF FUNDS Activity $M $M 1. Working Capital 0.8 1.3 2. Inventory 0.5 2 Scaffolding and Paint stock to meet accelerating demandthrough new markets and channel entrance 3. Business Transformation 3.1 Expansion into new local and international market
Slide 23: Capital Raising
CAPITAL RAISING
Slide 24: Offer Summary
Oldfields Investor Presentation 1 November 2022 OFFER SUMMARY Offer Overview Up to $5m Entitlement Offer 1-for-2.18 pro-rata Entitlement Offer to raise up to $5m Record date of 7:00PM (Sydney time) on 4 November 2022 The company has put in place a shortfall facility under which eligible shareholders
Slide 25: Indicative Timetable
Oldfields Investor Presentation 1 November 2022 INDICATIVE TIMETABLE Activity Date Entitlement Offer announced Tuesday 1 November 2022 Record Date for determining entitlements to subscribe for New Shares under the Entitlement Offer 7:00PM (AEDT) Friday 4 November 2022 Despatch Offer Booklet and Enti
Slide 26: Specific Risk Factors
Oldfields Investor Presentation 1 November 2022 SPECIFIC RISK FACTORS (a)Growth strategy risk The Company intends to implement a number of growth strategies both domestically and internationally some of which are transformational in nature. There is no guarantee that any or all of the Company's grow
Slide 27: Specific Risk Factors
Oldfields Investor Presentation 1 November 2022 SPECIFIC RISK FACTORS (g)Project management risk The Company will need to carefully manage its project pipeline to ensure that the Company is able to meet customer timeframes. If the Company is unable to meet customer timeframes then this will negative
Slide 28: Specific Risk Factors
Oldfields Investor Presentation 1 November 2022 SPECIFIC RISK FACTORS (k)Manufacturing risk The Company manufactures aluminum scaffold equipment in our wholly owned factory in China. There are risks which are inherent in manufacturing operations including machinery breakdowns, damage from flood and
Slide 29: Specific Risk Factors
Oldfields Investor Presentation 1 November 2022 SPECIFIC RISK FACTORS (n)Information technology The Company relies heavily on its computer hardware, software and information technology systems. Should these not be adequately maintained secured or updated or the Company's disaster recovery processes
Slide 30: General Risk Factors
Oldfields Investor Presentation 1 November 2022 GENERAL RISK FACTORS (a)Share market On completion of the Entitlement Offer, the New Shares may trade on the ASX at higher or lower prices than the Issue Price. Investors who decide to sell their New Shares after the Entitlement Offer may not receive t
Slide 31: Thank You For Your Interest In Oldfields
Oldfields Investor Presentation 1 November 2022 THANK YOU FOR YOUR INTEREST IN OLDFIELDS For more information, please contact: Michael Micallef, CEO michael.micallef@oldfields.com.au 02 4645 0701 or 0457 575 055
Slide 32: Appendices
Oldfields Investor Presentation 1 November 2022 APPENDICES
Slide 33: Board Of Directors
Oldfields Investor Presentation 1 November 2022 BOARD OF DIRECTORS JOHNATHAN DOY JIE MA DAVID BAIRD RICHARD ABELA MICHAEL MICALLEF CHAIRMAN (INTERIM) NON-EXECUTIVE DIRECTOR INDEPENDENT NON- NON-EXECUTIVE DIRECTOR CEO & MANAGING DIRECTOR EXECUTIVE DIRECTOR CEO of Sparke Helmore A successful A respect
Slide 34: Executive Team
Oldfields Investor Presentation 1 November 2022 EXECUTIVE TEAM MICHAEL MICALLEF ALAN LEE STEPHANIE LEVY NATALIE ORESKOVIC GARETH EDWARDS MEEGAN ATKINS CEO & MANAGING CHIEF FINANCIAL CHIEF TRANSFORMATION CHIEF PEOPLE OFFICER GM - SCAFFOLDING NATIONAL MARKETING DIRECTOR OFFICER OFFICER MANAGER 25 year
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