Lindsay Australia Limited · ASX:LAU
Lindsay Australia — H1 2019 Earnings Presentation
12 slides from Lindsay Australia's earnings presentation, Mar 15, 2019
Slide 1: Lindsay Australia 1H19 Results
For personal use only LINDSAY AUSTRALIA 1H19 RESULTS
Slide 2: Disclaimer
DISCLAIMER DISCLAI For personal use only This presentation has been prepared by Lindsay Australia Limited (“LAL”). The information contained in this presentation is for MER information purposes only. The information contained in this presentation is not investment or financial product advice and is
Slide 3: End-to-End Solution
END-TO-END SOLUTION For personal use only LINDSAY RURAL – Working with Australian growers LINDSAY FRESH LOGISTICS – Import and export specialist Expert Advice Horticulture & Agronomy Irrigation and Fertilisers Packaging Warehousing Bio-security Ripening Air & Sea Imports and Exports LINDSAY TRANSPOR
Slide 4: About Our Sites
ABOUT OUR SITESUS For personal use only Lindsay Rural Mildura Mackay Brisbane Shop Mundubbera Mareeba Brisbane Warehouse Murwillumbah Melbourne Bowen Nambour Mildura Brandon Stanthorpe Mundubbera Bundaberg Tully Nambour Childers Werribee Perth Coffs Harbour Stanthorpe Emerald Lindsay Transport Sydne
Slide 5: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS For personal use only $'000 1H19 1H18 % Chg External revenue increased by 6.1% attributable to growth in the Revenue 203,273 191,611 6.1% Transport division, driven by EBITDA 21,615 19,644 10.0% increased capacity and utilisation rates, price increases, fuel D&A 11,018 9,3
Slide 6: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS For personal use only NPAT increased by 7.7% on the prior half year, despite an increase in depreciation NPAT Movements and amortisation (D&A) of $1.63m (17.4%) a result of the investment in new plant and equipment and facilities in recent years. Transport generated the
Slide 7: Lindsay Transport
LINDSAY TRANSPORT Lindsay Transport reported a small For personal use only decrease in segment contribution of 1.0% Segment contribution despite volatile fuel pricing, weaker produce volumes in some categories and an increase in D&A. The division benefited from improvements in capacity and utili
Slide 8: Lindsay Rural
LINDSAY RURAL Rural sales were flat compared to the pcp, For personal use only despite the closure of a number of marginal stores. Segment contribution increased by 18.8% on the pcp, as the division focuses on Segment contribution improving contribution by reviewing it’s store footprint, product
Slide 9: Lindsay Fresh & Connect
LINDSAY FRESH & CONNECT (divisions of Lindsay Transport) For personal use only LINDSAY FRESH LINDSAY CONNECT RACA certified site complying with new laws Cultivating new opportunities for Australian and regulations for exporting air cargo (invested farmers to share their produce with the world in
Slide 10: Balance Sheet & Capex
BALANCE SHEET & CAPEX For personal use only During the half year the Group invested $16.9 million in capex. Key investments included a new distribution facility in Bowen and the expansion of the refrigerated rail container fleet. Fleet renewal continued in 1H19. Capex was primarily debt funded t
Slide 11: Cash Flow
CASH FLOW For personal use only Operating cash flow Operating cash flow increased by $21m on the pcp. Working capital improvements and an increase in EBITDA were the main contributors to the operating cash flow improvement. Operating cash flow can fluctuate due to business and customer seasona
Slide 12: New Sydney Depot (Coming Soon)
NEW SYDNEY DEPOT (COMING SOON) For personal use only A New Sydney depot is expected to commence construction in the coming months and completed approximately early 2020. Lindsay Transport will occupy the premises on a long term lease, contributing approximately $7m to the Lindsay specific cold c