Ive Group Ltd. · ASX:IGL
Ive — Shareholder Meeting (November 2023)
17 slides from Ive's shareholder meeting presentation, Nov 20, 2023
Slide 1: IVE Group Limited 2023 Annual General Meeting
IVE Group Limited 2023 Annual General Meeting Chief Executive Officer’s Presentation Matt Aitken 20 November 2023 idea execution
Slide 2: Contents
Annual General Meeting 20 November 2023 Contents Key highlights 3 Financial performance 4 Operational updates 5 Ovato 5 Lasoo 6 Growth initiatives 9 Content creation 9 Apparel and uniforms 10 Packaging 11 Environmental, social and governance 14 Trading update and outlook 16 2
Slide 3: Key highlights
Annual General Meeting 20 November 2023 Key highlights Strong financial performance in FY23 > Record year for revenue, EBITDA, NPAT and (a strong increase in) dividends > Organic revenue growth (excluding acquisitions) of 6.2% > Return on funds employed (ROFE) increased to 24.7% from 21.3% > Balance
Slide 4: Financial performance dashboard
Annual General Meeting 20 November 2023 Financial performance dashboard Second consecutive year of strong performance post COVID-19 REVENUE EBITDA NPAT EPS $967.4m $119.0m $39.7m 26.4c ↑ 27.5% on PCP ↑ 23.1% on PCP ↑ 19.8% on PCP ↑ 14.5% on PCP MATERIAL PROFIT OPERATING CASH NET DEBT FULLY FRANKED M
Slide 5: Ovato acquisition — integration nearing completion
Annual General Meeting 20 November 2023 Operational updates Ovato acquisition — integration nearing completion > On 13 September 2022, the Group acquired substantially all of the printing and finishing assets of Ovato, IVE’s primary print competitor > The integration of Ovato assets and revenue tran
Slide 6: Slide 6
Slide 7: Lasoo — e-Commerce marketplace for specials
Annual General Meeting 20 November 2023 Operational updates User experience (UX) scores Lasoo — e-Commerce marketplace Usability 1 2 score Stars 100 5 for specials 94 90 85 4.2 80 4 3.6 70 67 > Established in 2007 and acquired by IVE in January 2020 60 3 50 > In FY22, the Group invested to transform
Slide 8: Lasoo — expected to breakeven during FY26
Annual General Meeting 20 November 2023 Operational updates Lasoo — expected to breakeven Monthly active users Users by age during FY26 and gender 500,000 >400,000 65+ Following its successful launch in October 2022, Lasoo continues to show 400,000 9% 25-34 strong consecutive month-on-month growth ~
Slide 9: Expansion of Content Creation offering
Annual General Meeting 20 November 2023 Growth initiatives Expansion of Content Creation offering > Expansion of content creation offering to support customers and > IVE views this as a further opportunity to support customers and leverage the Group’s ‘idea to execution’ market position leverage the
Slide 10: Apparel and uniforms
Annual General Meeting 20 November 2023 Growth initiatives Apparel and uniforms > Having developed a garment sourcing capability in IVE’s Premiums & Merchandising business, apparel and corporate uniforms was identified as a natural and growing product adjacency > The corporate uniform market is esti
Slide 11: Packaging – strategically attractive adjacency
Annual General Meeting 20 November 2023 Growth initiatives Packaging – strategically attractive adjacency > During 2022, the Group completed an in-depth analysis of the Australian packaging industry > Key success indicators include an identified pathway to establish a packaging business that has the
Slide 12: Packaging – cornerstone acquisition – JacPak
Annual General Meeting 20 November 2023 Growth initiatives Packaging – cornerstone acquisition – JacPak > On 25 October 2023, the Group entered the Australian fibre-based > Following the realisation of cost synergies, the business is expected to packaging sector with the cornerstone acquisition of J
Slide 13: Packaging – growth strategy looking ahead
Annual General Meeting 20 November 2023 Growth initiatives Packaging – growth strategy looking ahead > The cornerstone acquisition of JacPak provides a solid foundation from > Consistent with the Group’s existing footprint, IVE intends servicing which to grow our packaging revenues over the years ah
Slide 14: ESG – leading change for a brighter future
Annual General Meeting 20 November 2023 ESG – leading change for a brighter future IVE Group engaged a specialist consultancy to assist in the design and implementation of our ESG strategy to ensure our framework was informed by an evidence based approach. The project involved four key stages over t
Slide 15: Our ESG strategy – 2025 and beyond
Annual General Meeting 20 November 2023 Our ESG strategy – 2025 and beyond 1 Underpinning our approach is our ongoing commitment ONE TWO THREE to transparency and authenticity through Designing Valuing our Maintaining GRI‑aligned2 and TCFD3 Innovative People and Responsible disclosure and robust Cus
Slide 16: Trading update and outlook
Annual General Meeting 20 November 2023 Trading update and outlook > Notwithstanding prevailing economic uncertainty, the business > Net debt at 30 June 2024 is expected to be broadly in line with the performed solidly in the 4 months to 31 October 2023: Company’s stated target of 1.5x (pre-AASB 16)
Slide 17: Thank you
Thank you IVE Group Limited ABN 62 606 252 644 Level 3, 35 Clarence Street Sydney NSW 2000 ivegroup.com.au Authorised by the IVE Board Contact: Tony Jackson Investor Relations tony.jackson@ivegroup.com.au +61 2 9089 8548