Sdi Limited · ASX:SDI

Sdi — H1 FY2025 Earnings Presentation

24 slides from Sdi's earnings presentation, Feb 27, 2025

  1. Slide 1: 1H FY25 Results Presentation

    1H FY25 RESULTS PRESENTATION 27 February 2025 Samantha Cheetham CEO John Slaviero CFO/COO

  2. Slide 2: Agenda

    AGENDA Performance Highlights 1H FY25 Financial Results Business Update Strategy and Outlook

  3. Slide 3: 1H FY25 Performance Highlights

    1H FY25 PERFORMANCE HIGHLIGHTS Improved operational efficiencies continue to drive strong margin growth FINANCIAL BUSINESS Revenue of $51.5m Increased efficiencies driving gross (- 1.3% pcp) margin 63.5% Gross Profit Margin (+200 New site capacity to drive future sales bps) EBITDA $8.6m Stela Progre

  4. Slide 4: Sales by Business Unit

    SALES BY BUSINESS UNIT Business unit performance reflects good European and Brazilian Growth SALES BY BUSINESS UNIT (AUD MILLIONS) BUSINESS UNIT % SALES $120 50% $107.9 $111.2 $110 8.8 $100 $95.2 9.1 40% 40% 40% 37% $90 7.3 $81.6 34% 35% 34% $80 5.4 36.9 41.3 31% 33% $67.4 34% 31% $70 33.3 30% 34% 3

  5. Slide 5: Sales by Region

    SALES BY REGION Strong demand for Aesthetic products in European Markets SALES BY REGION (AUD MILLIONS), % GROWTH PCP SALES BY REGION (AUD MILLIONS) $50 $45 Europe North America $40 $21.7m, +10.9% $10.6m, -7.5% $35 $30 Middle East & Africa $25 $4.3, -23.8% $20 $15 South America $5.5m, +2.1% APAC $10

  6. Slide 6: Sales by Product Category

    SALES BY PRODUCT CATEGORY Strong Aesthetics performance, continuing to gain market share SALES BY CATEGORY (AUD millions) CATEGORY AS % SALES $120 $107.9 $111.2 60% 52% $110 6.5 50% $95.1 6.5 50% 46% 45% 47% $100 45% $90 $81.6 6.8 31.0 31.3 $80 40% $67.3 6.0 29.8 32% 31% $70 29% 28% 29% 5.1 18.4 27%

  7. Slide 7: Driving Higher Margins

    DRIVING HIGHER MARGINS Gross Margin (%) 66% 64.8% 64% 63.5% • Favourable product and regional mix driving 62.2% 62.6% 62.1% margin improvement 62% 61.5% 61.1% 60.0% Logistics • Investment in machinery and automation Costs 60% driving efficiency gains 58% • Further efficiency gains expected moving in

  8. Slide 8: Financial Performance

    FINANCIAL 4 PERFORMANCE Q

  9. Slide 9: Profit and Loss

    PROFIT AND LOSS • Total sales of $51.5m (down 1.3% on 1H24) Profit & Loss ($'000) HY25 HY24 % Change Revenue • Good growth in European and Brazilian Sales Revenue 51,541 52,244 -1.3% markets, with declines in Middle Cost of goods sold -18,814 -20,141 6.6% Eastern and Asian markets Gross Profit 32,72

  10. Slide 10: Balance Sheet

    BALANCE SHEET o The Company has unused bank facilities of Balance Sheet ($'000) Dec 2024 Jun 2024 $9.0 million and $4.9 million cash in bank. Assets Cash & cash equivalents 4,871 6,275 o Focus on debtor collections. Trade & other receivables 16,258 21,045 Inventories 30,125 28,748 o Debt reduced by

  11. Slide 11: Cash Flow

    CASH FLOW • Cash flow impacted by: Profit & Loss ($'000) HY25 57,423 HY24 56,005 • Margin improvement Receipts from customers -46,999 -46,272 Payments to suppliers & employees Interest received 13 10 • Good Debtor management -793 -785 Interest & other finance costs paid -2,000 -1,083 • Debt Reductio

  12. Slide 12: Business Update

    BUSINESS UPDATE

  13. Slide 13: Operational Update

    OPERATIONAL UPDATE • Upgrade to Montrose warehouse (investment of circa $3.0m) and warehousing relocation complete • Stela & Riva Cem Auto Mix progressing well, receiving great feedback from industry opinion leaders • Stela has now reached over $1.3 million in sales Composite Syringe Machine • Conti

  14. Slide 14: SDI – ESG Roadmap

    SDI – ESG ROADMAP FY24 FY25 FY26-FY27 “Establishing” “Complying” “Enhancing” • Formalise the SDI ESG working • Review top suppliers on ESG • Review initiatives for emission group and its mandate. risks and incorporate into an reduction actions/strategies, updated Modern Slavery including how this re

  15. Slide 15: Strategy & Outlook

    STRATEGY & OUTLOOK

  16. Slide 16: Project Montrose

    PROJECT MONTROSE • New build expected to commence around August of 2025 • Montrose manufacturing upgrade: Project cost $56m with expected ROI (PBT/Rev) +20% underpinned by margin improvement • Land and building $39m (reduced from $45m) • Future extension to current warehouse $3m • New production mac

  17. Slide 17: Project Montrose

    PROJECT MONTROSE Aug / Sep Jan / Feb Nov 2024 – April 2025 – 2025 – 2027 – Final Design Tendering Commence Commence completed Works Stage Construction Relocation Dec 2024 – Jun 2025 – Nov / Dec Dec 2027 – Planning Expected 2026 – Relocation Permit Planning Construction / Completed Submitted Approval

  18. Slide 18: Strategy & Outlook

    STRATEGY & OUTLOOK o Aesthetics and Whitening products continue to be the focus for new product development • Stela exceeding expectations, on track to be one of our best product launches o Achieve manufacturing and logistic efficiencies through new site to help achieve sales of +$200m o Investment

  19. Slide 19: Q&A

    Q&A

  20. Slide 20: Appendices

    APPENDICES \y.® g d rs

  21. Slide 21: Awards

    AWARDS • Winner of the 2023 Australian Export Award for International Health • Winner of the 2024 Victorian Export Award for International Health (3rd year in a row)

  22. Slide 22: Strategy

    STRATEGY PRIORITY 1 High quality market leading products SDI will focus its sales, marketing and innovation efforts on its Riva, composites, cements and Pola brands. This targeted innovation will deliver incremental sales growth and act as a gateway to introduce clinicians to SDI’s full portfolio. P

  23. Slide 23: Sales Analysis

    SALES ANALYSIS Product Category ($m) FY20 FY21 FY22 FY23 FY24 1H FY25 Aesthetics 30.9 36.6 43.2 51.1 55.3 27.0 Whitening 18.1 26.5 29.8 31.3 31.0 15.2 Amalgam 13.2 12.5 15.3 19.0 18.4 6.4 Equipment 5.1 6.0 6.8 6.5 6.5 2.9 Region ($m) FY20 FY21 FY22 FY23 FY24 1H FY25 North America 14.6 20.4 22.1 25.6

  24. Slide 24: Important Notice & Disclaimer

    Important Notice & Disclaimer This Presentation contains summary information about SDI Limited (SDI) and its subsidiaries and their activities. The information in this Presentation does not purport to be complete. It should be read in conjunction with SDI’s other periodic and continuous disclosure a

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