Pwr Holdings Ltd. · ASX:PWH
Pwr — H1 FY2021 Earnings Presentation
13 slides from Pwr's earnings presentation, Feb 19, 2021
Slide 1: H1 2021 Results
H12021RESULTS 48. FEBRUARY 2021
Slide 2: Important Notice
IMPORTANT NOTICE This document has been prepared by PWR Holdings Limited (PWR) and comprises written materials/slides for a presentation concerning PWR. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell or otherwise di
Slide 3: H1 FY21 Results Highlights
H1 FY21 RESULTS HIGHLIGHTS H1 FY21 H1 FY20 Revenue $37.2m $29.8m ↑ 25% Diversification & rescheduled race calendars. Increase in line with higher revenue with improved margins EBITDA $ 12.2m $ 7.6m ↑ 60% of 32.8% vs pcp of 25.6%. NPAT $ 6.6m $ 3.5m ↑ 90% AASB 16 impact included in both Operating cas
Slide 4: H1 FY21 Performance
H1 FY21 PERFORMANCE H1 FY21 performance places us in a strong position for full year FY21 • Revenue $37.2m up 25% on pcp. Growth across all primary categories with 51% of revenue growth coming from emerging technologies and OEM categories. • Sales movement by currency to pcp - GBP sales up 5%, USD s
Slide 5: Revenue
REVENUE Consolidated Revenue Bridge H1 FY20 to H1 FY21 AUD $000 Commentary - Overall revenue growth of 25% with all major categories contributing. - Revenue diversification a key feature of growth profile (refer to next slide for more details). - Forward sales orders and pipeline for H2 FY21 and CY2
Slide 6: Revenue
REVENUE REVENUE CATEGORY MOVEMENTS HY21 HY20 Change (A'000) % (A'000) % Motorsports $ 18,269 49% $ 15,980 54% 14% Automotive Aftermarket $ 7,292 20% $ 5,729 19% 27% Emerging Technologies $ 4,612 12% $ 2,680 9% 72% OEM $ 6,561 18% $ 4,689 16% 40% Industrial & Other $ 491 1% $ 700 2% -30% $ 37,226 100
Slide 7: Financial Performance
FINANCIAL PERFORMANCE A$'000 H1 FY21 H1 FY20 Variance Commentary Revenue 37,226 29,778 25.0% • Revenue growth of 25% previously discussed. EBITDA1 12,213 7,628 60.1% • Change in sales mix with OEM and emerging technologies key drivers EBITDA margin1 32.8% 25.6% - with improved underlying EBITDA
Slide 8: Balance Sheet
BALANCE SHEET A$000 31 Dec 20 31 Dec19 Commentary Assets • Strong net cash position with continued focus on working capital utilization and Cash and cash equivalents 16,788 7,873 management. Trade and other receivables 6,646 5,331 • FY 21 capex expansion program largely Inventories 6,243 7,499 compl
Slide 9: Working Capital & Cash Flow
WORKING CAPITAL & CASH FLOW A$'000 H1 FY21 H1 FY20 Commentary • Net operating cashflow up 317% Trade, other receivables & prepayments 9,749 7,260 from prior comparative period. Inventories 6,243 7,499 • Continued focus on working capital Trade & other payables (11,484) (6,756) management with workin
Slide 10: Business Outlook - Overview
BUSINESS OUTLOOK - OVERVIEW H2 FY21 and FY22 on track for continued growth & strategic diversification • Capital expenditure program from prior years completed in current half places us in good position for anticipated growth and productivity benefits. • Efficiency and quality improvements ongoing i
Slide 11: Business Outlook – Emerging Technologies
BUSINESS OUTLOOK – EMERGING TECHNOLOGIES Key to strategic diversification • Defence & Aerospace (capitalising on AS9100 accreditation) • Cold plates − Ruggedised vacuum brazed cold plates for use in radar systems, avionics, power electronics & energy storage systems. • Micro matrix − For use on plat
Slide 12: Business Outlook – Emerging Technologies
BUSINESS OUTLOOK – EMERGING TECHNOLOGIES Key to strategic diversification (cont’d) • Additive manufacturing applications − Manufacturing of structural components, rotating parts and cooling assemblies from ceramic filled resin or F357 Aluminium, to service the motorsport, aerospace and emerging tech
Slide 13: Thank You
Thank You C] Dp = > / ADVANCED COOLING TECHNOLOGY Page 13