Ipd Group Ltd · ASX:IPG
Ipd — Investor Presentation (February 2023)
27 slides from Ipd's investor presentation, Feb 24, 2023
Slide 1: Leading national distributor and service provider to the Australian electrical market
Leading national distributor and service provider to the Australian electrical market HALF YEAR RESULTS | 2023 1
Slide 2: Presenters
Presenters Michael Sainsbury Mohamed Yoosuff Jason Boschetti Executive Director Executive Director Chief Financial & CEO Strategic Development Officer IPD GROUP HY23 RESULTS 2 PRESENTATION
Slide 3: Executive management change
Executive management change Jason Boschetti Chief Financial Officer Formally General Manager of Finance Jason Boschetti has been appointed as new Chief Financial Officer as of 1 January 2023 Jason was selected two years ago as a strategic CFO succession plan appointment and he has already successful
Slide 4: What we'll share today
What we’ll share today HY23 RESULTS PRESENTATION | – Overview – Financial performance – Highlights – Our focus – Outlook IPD GROUP HY23 RESULTS 4 PRESENTATION
Slide 5: Overview
HY23 RESULTS PRESENTATION | Overview IPD GROUP HY23 RESULTS 5 PRESENTATION
Slide 6: We power, automate and connect infrastructure to build a better world
We power, automate and connect infrastructure to build a better world As more countries take action to reduce carbon emissions, demand continues to grow for the products and services essential to deliver responsible economic development. IPD Group is a vertically integrated provider of end-to-end so
Slide 7: Successfully navigating market changes
Successfully navigating market changes Improving Inflationary Appetite for Skills Positive global supply impacts digital shortage environment for chains transformation continued continues to growth increase IPD GROUP HY23 RESULTS 7 PRESENTATION
Slide 8: Corporate snapshot
Corporate snapshot Capital structure 1 Board of Directors ASX Code IPG David Rafter Non-Executive Chair ASX Share price $2.75 Andrew Moffat Non-Executive Director IPO Date 17th December 2021 Michael Sainsbury Executive Director & CEO Shares on issue 86,365,798 Mohamed Yoosuff Executive Director - St
Slide 9: Changing electrical landscape
Changing electrical landscape Australia is undergoing a distributed energy revolution2 Expected energy transition to 20503 Storage Grid-scale Industry drivers capacity to wind and solar Economic: increase by a to increase • Inflation and soaring electricity prices factor of 30 9-fold • Rising demand
Slide 10: 1H FY23 Overview
1H FY23 Overview Financial perfomance Strong revenue growth demonstrates value of proposition $110.9m $13.4m $11.5m $8.0m 9.3 cents Revenue up 35.7% EBITDA up 28.8% EBIT up 33.7% NPAT up 33.3% Equivalent EPS up 34.8% (PCP $81.7m) (underlying4 PCP $10.4m) (underlying4 PCP $8.6m) (underlying4 PCP $6.0
Slide 11: Financial performance
HY23 RESULTS PRESENTATION | Financial performance IPD GROUP HY23 RESULTS 11 PRESENTATION
Slide 12: H1 FY23: Results
H1 FY23: Results Underlying 4 Sales Growth – Statutory revenue ($m) H1 FY23 % Variance $m H1 FY22 Revenue 110.9 81.7 35.7% $110.9m Gross profit 41.7 31.3 33.2% $95.0m EBITDA 13.4 10.4 28.8% $81.7m EBIT 11.5 8.6 33.7% $65.0m NPAT 8.0 6.0 33.3% Operating expenses as % of revenue 25.6% 26.2% (0.6%) Gro
Slide 13: H1 FY23: Balance sheet
H1 FY23: Balance sheet 30 Dec 2022 30 Jun 2022 Net assets ($m) $m Total current assets 108.8 97.0 $68.5m Total non-current assets 27.4 27.8 $63.4m Total assets 136.2 124.8 $57.2m Total current liabilities 57.1 50.7 Total non-current liabilities 10.6 10.7 Total liabilities 67.7 61.4 $39.2m Net assets
Slide 14: H1 FY23: Capital management & interim dividend
H1 FY23: Capital management & interim dividend Dividend (cents per share) 30 Dec 2021 30 Dec 2022 % variance $m 4.6c Current assets excluding cash 67.7 87.5 29.2% Current Liabilities excl debt (42.7) (53.9) 26.2% 3.7c (Lease & tax liabilities) Net working capital (NWC) 25.1 33.6 34.2% Revenue (rolli
Slide 15: Highlights
HY23 RESULTS PRESENTATION | Highlights IPD GROUP HY23 RESULTS 15 PRESENTATION
Slide 16: Business highlights
Business highlights Delta exclusive Achieved R.Stahl Warehouse addition Additional business distribution product assembly development ▪ Eastern Creek, agreement signed partner certification Sydney ▪ Successfully creating ▪ Industry leading ▪ Custom hazardous ▪ 4000m2 size demand by driving energy ef
Slide 17: Increased support locations
Increased support locations Nine offices and warehouses in six Sri Lanka Australian states – plus our support teams Colombo in Sri Lanka 6 and the QLD Sites: 1 addition of the Philippines WA Size (sqm): ~1,300 Sites: 1 ensure IPD seamlessly Size (sqm): ~1,700 SA service customers Sites: 1 Brisbane S
Slide 18: IPD are exposed to a number of high growth areas
IPD are exposed to a number of high growth areas Electric Renewable Industrial Data Modular vehicles energy communication centres switchboard systems systems ▪ IPD Group electrifying ▪ IPD Group supplied ▪ Thousands of industrial ▪ Secured multiple projects ▪ Changes to the low voltage hundreds of s
Slide 19: Our focus
HY23 RESULTS PRESENTATION | Our focus IPD GROUP HY23 RESULTS 19 PRESENTATION
Slide 20: Strategic priorities
Strategic priorities Become a significant EV hardware distribution agreement with ABB end to end solution provider Design and project delivery skills – Gemtek to the EV charger market Appointment of an experienced leader to the EV business unit – David Sullivan Increase the scale of business develop
Slide 21: Strategic priorities
Strategic priorities Acquisitions Proven track record of successful acquisitions Numerous opportunities have been identified, assessed and considered not a good strategic fit Additional targets have been identified and preliminary discussions are taking place Mohamed Yoosuff’s new role in Strategic
Slide 22: Outlook
HY23 RESULTS PRESENTATION | Outlook IPD GROUP HY23 RESULTS 22 PRESENTATION
Slide 23: Trading update & outlook
Trading update & outlook FY23 outlook Operating environment remains buoyant. Addelec Power Services business previously affected by COVID-19 related shutdowns is experiencing a significant improvement with a pipeline of large projects. The effect of recent interest rate increases is minimal on IPD G
Slide 24: Summary
HY23 RESULTS PRESENTATION | Summary IPD GROUP HY23 RESULTS 24 PRESENTATION
Slide 25: IPD edge
IPD edge Our agility Our network of leading Enabling us to respond quickly and effectively to opportunities and threats (internal and external) supply partners Our highly skilled workforce Our vertically integrated & customised solutions Cost advantages Our strong health & safety Economies of scale
Slide 26: HY23 Results Presentation | Q&A
HY23 RESULTS PRESENTATION | Q&A IPD GROUP HY23 RESULTS 26 PRESENTATION
Slide 27: 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