Stealth Group Holdings Ltd. · ASX:SGI
Stealth — Stealth Global Holdings — H1 FY2020 Earnings Presentation
26 slides from Stealth's earnings presentation, Feb 28, 2020
Slide 1: FY2020 Half-Year Results
AN AUSTRALIAN MULTINATIONAL DISTRIBUTION GROUP Providing everyday workplace consumable products and supply chain solutions to business customers. FY2020 HALF-YEAR RESULTS 28 FEBRUARY 2020 ASX:SGI 1
Slide 2: Strategy and Vision
Strategy and Vision Creating Australia’s leading distribution group WE ARE A MULTINATIONAL DISTRIBUTION GROUP Operating as supplier and distributor of everyday ‘essential’ workplace consumable products and provider of vertically integrated supply chain solutions : OUR AIM OUR STRATEGY OUR MODEL OUR
Slide 3: Our Business
Our Business Creating Australia’s leading distribution group As a supplier and distributor, we offer a comprehensive assortment of Safety, Industrial and Workplace products and vertically integrated supply chain services providing customers with purchasing options and solutions that are essential in
Slide 4: Group Facts
Group Facts Did you know that….? We are an Australian multinational distribution group providing workplace consumable products and supply chain solutions to business customers. Net sales 2019 Employees Products Customers Key Supplier Suppliers Access to 300,000 Partners 75 million 150+ 40,000 3,000+
Slide 5: SGH Board and Executives
SGH Board and Executives Board and Management has strong long term distribution expertise MikeArnold Chris WhartonAM JohnGroppoli KarenLogan Executive & Senior Group Managing Director Non-ExecutiveDirector CompanySecretary Management Chairman • Stealth Founder • Member of the Order of Australia • Sp
Slide 6: Corporate
Corporate Creating Australia’s leading distribution group CORPORATE SNAPSHOT SGI SHARE OWNERSHIP ASX Code SGI Market Cap @ 31 December 2019 $9.11m Share Price 31 December 2019 9.6 cents Net Cash at 31 December 2019 ($1.97)m High Net Worths and Strategic Retail 26% Available working capital facilitie
Slide 7: HY20 Strategic and Operational Highlights
HY20 Strategic and Operational Highlights In H1 we continued our investment on getting the settings right for success in the future. Strategic Highlights Business Area Highlights Operational Highlights Financial Highlights Acquired Protect-A-Load Brand in October 2019 Australian Operations: Strong n
Slide 8: Transformation Period of Growth in FY20
Transformation Period of Growth in FY20 Half Year 31 Full Year 30 Half Year Full Year Dec 2019 June 2019 31 Dec 2018 30 June 2018 Statutory Revenue $39.7 million $63.1 million $24.5 million $23.5 million Statutory Sales to customers based in Australia $30.96 million $41.6 million $21.6 million $3.1
Slide 9: Group Overview
Group Overview 9
Slide 10: Business Model – How it Works
Business Model – How it Works World-class sales and distribution organisation • Integrated service portfolio with key sales and distribution verticals. • Working in partnership with leading manufacturers, brands, independents and specialist suppliers. • Comprehensive market coverage across Australia
Slide 11: Sales Channels and Customer Markets
Sales Channels and Customer Markets Reaching our Customers Across Multiple Industries Customers benefit from our purchasing power, comprehensive product range, distribution network, and the ease of having multiple choices for supply. Connecting our products across multiple sales channels The right p
Slide 12: Product Category Range
Product Category Range Broad range of workplace consumables supported by leading brands Product Category SAFETY WEAR & INDUSTRIAL / WORKPLACE PROMOTIONAL WORKWEAR MRO CONSUMABLES PRODUCTS Access to 300,000+ products across 30 sub-categories Approximately 40,000 products (~$8 million) held in our Dis
Slide 13: Financials
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Slide 14: Half Year Revenue & Underlying EBITDA
Half Year Revenue & Underlying EBITDA HY1 20 REVENUE AND EBITDA COMMENTS REVENUE $m GEOGRAPHIC SALES WHERE CUSTOMER IS BASED 90.0 Revenue of $39.67m, up 62% on pcp from $24.52m 80.0 70.0 63.1 UK 2% Underlying EBITDA of $1.75m, up 205% on pcp from $0.57m 60.0 EBITDA of $0.73m, up 106% on pcp from $0.
Slide 15: Half Year Results Reconciliation
Half Year Results Reconciliation 31 Dec 19 31 Dec 18 Reconciliation – Half-year interim financial results $’000 $’000 Underlying EBITDA1 1,746 565 Unusual Items in H1 FY20: Investment in the establishment of BSA Brands in the United Kingdom market – brand awareness, promotion, point of sale, travel,
Slide 16: Half Year Balance Sheet and Cash Flow
Half Year Balance Sheet and Cash Flow Statutory Statutory Half Year 2020 Highlights Balance Sheet Summary 31 Dec 2019 30 Jun 2019 $M $M BALANCE SHEET Cash and cash equivalents 1.4 2.0 Other current assets 22.1 22.7 • Cash position of $1.4m. Property, plant and equipment 0.7 0.6 • Movement in other n
Slide 17: Half-Year Financial Highlights
Half-Year Financial Highlights Results for announcement to the market In the past 6 months we continued our investment on getting the settings right for the future. Trading Performance As at 31 Dec 2019 Mvt Since 31 Dec 2018 Revenue $39.67m Up $15.15m or 62% Underlying EBITDA $1.75m Up $1.17m or 205
Slide 18: Strategy and Outlook
Strategy and Outlook “Our actions are value creating to set up Stealth for future success. We take a long-term orientated view that will deliver shareholder value and benefit”
Slide 19: Our Operating Model – How it Works
Our Operating Model – How it Works Integrated Product Sales & Distribution Portfolio Business Model SOURCING INBOUND WAREHOUSING BRANCH SALES & BRAND PRODUCTS DISTRIBUTION PROCUREMENT LOGISTICS OPERATIONS NETWORK MARKETING Safety / PPE Distributed Brands Distribution Centres Branch Offices Sales and
Slide 20: Delivering our 2024 Group Strategy
Delivering our 2024 Group Strategy Strategic objectives are being driven across six key growth pillars. 1. Continuing to build on our existing business and comprehensive products and services offer; 2. Leveraging business combinations 3. Growing in our customer markets and penetrating industry secto
Slide 21: Portfolio Growth/Expansion Objectives
Portfolio Growth/Expansion Objectives Anchor of creating Australia's leading distribution group We continue to advance a number of strategic initiatives. Our aim is to grow annual Group revenue to over $200 million at an EBITDA margin of 8% plus by 2024 through a combined organic, partnership and ac
Slide 22: H2 Priorities – Key Result Areas
H2 Priorities – Key Result Areas Small improvements every day everywhere lead to significant progress over time In H2 we will continue building on our existing business units actively evaluating transformational investment opportunities across organic, partnership and acquisitive programs Heatleys I
Slide 23: Outlook – We Remain Very Optimistic
Outlook – We Remain Very Optimistic Global economic sentiment in general remains somewhat unpredictable and cautious. We remain convinced about our future on the back of our positive growth in the Australian and UK markets, as well as other opportunities that we are progressing. Organic • All busine
Slide 24: Long Term Orientated View
Long Term Orientated View Creating shareholder value We have continued to selectively consider and invest in growth orientated initiatives with a long-term value creating focus that delivers shareholder value and benefit Our aim is to grow annual Group revenue to over $200 million at an EBITDA margi
Slide 25: Disclaimer
Disclaimer This document has been prepared by Stealth Global Holdings (the Company) and is provided for or fairness of the information, opinions, forecasts, reports, estimates and conclusions contained in information purposes only. This document does not constitute an offer, invitation, solicitation
Slide 26: Last Page
LAST PAGE FY2020 HALF-YEAR RESULTS 28 FEBRUARY 2020 | ASX:SGI
Stealth Global Holdings — H1 FY2020 Earnings Presentation on 6ix