Slide 1: FY24 full-year results presentation
FY24 full-year results presentation Full year results to 30 September 2024 Hancock & Gore Ltd (ASX: HNG) November 2024
Slide 2: Important notices
Important notices Not investment advice The information contained in this presentation is not investment or financial product advice (nor tax, accounting or legal advice) nor is it a recommendation to acquire securities in HNG.This presentation does not and will not form any part of any contract for
Slide 3: Performance highlights for the full-year ended 30 September 2024
Performance highlights for the full-year ended 30 September 2024 Financial highlights Operational and Strategic highlights Moved to 100% ownership of Mountcastle $5.1m 1.8cps Note Mountcastle remains accounted for as an investment with H&G’s P&L Underlying Net profit after tax Underlying Earni
Slide 4: Overview of Hancock & Gore
Overview of Hancock & Gore H&G is a diversified investment group and GUS is its key asset Evolution of portfolio in FY24 – enhanced and simplified (gross assets) 30-Sep-23 30-Sep-24 statutory 30-Sep-24 pro-forma Operating Businesses Investments Controlling interest in quality Investment strategies a
Slide 5: Merger of Mountcastle with Schoolblazer was H&G's key achievement
Merger of Mountcastle with Schoolblazer was H&G’s key achievement Creates a global uniforms platform with school wear segment leadership positions in UK, Australia and New Zealand Creates a 100%-owned operating business generating c.$109m revenue and c.$17m EBITDA before synergies ($1m–$2m cost
Slide 6: GUS is wholly owned by H&G and is led by a high quality & experienced team
GUS is wholly owned by H&G and is led by a high quality & experienced team H&G now owns an established global platform with brands, channels and personnel to drive growth Group structure Leadership team – owns c.22% of H&G GUS leadership 100% Steve Doyle Jo Goldman Tim James Global Uniform Other CEO
Slide 7: Mountcastle FY24 performance review
Mountcastle FY24 performance review Financial results - unaudited FY24 financials (September year end) Commentary Profitability metrics FY23 FY24 Performance drivers Sales 49.7 58.3 ▪ The core school wear business remained in line with previous year EBITDA 8.1 8.4 ▪ Market sentiment drove weakness i
Slide 8: Pro-forma combined business – Mountcastle & Schoolblazer
Pro-forma combined business – Mountcastle & Schoolblazer Normalised FY24 P&L – Sep. year-end ($m)1 Balance sheet as at 30-Sep-24 ($m) 1,2 Mountcastle Schoolblazer Combined Mountcastle Schoolblazer Combined Revenue 58.3 50.2 108.6 Cash 1.6 7.6 9.2 COGS (29.9) (19.8) (49.6) Stock 29.3 19.2 48.5 Debtor
Slide 9: Integration update and focus areas for FY25
Integration update and focus areas for FY25 Integration Focus FY25 Priorities Schoolblazer & Mountcastle teams have conducted two joint trips to owned and Current focus on Mountcastle back to school period (Jan- March 2025) third-party factories to advance sourcing strategy Established Schoolbla
Slide 10: H&G Investments
H&G Investments Portfolio excluding Mountcastle as at 30 September (gross assets) Key Highlights Cash balance of $16m used to finance upfront consideration of Schoolblazer acquisition post-year end Listed trading portfolio returned 17% in the year to 30-Sep-24 vs. 19% for the ASX Small Ordinaries Ac
Slide 11: Financial results
Financial results P&L ($’000) Balance sheet ($’000) FY23 FY24 FY23 FY24 Revenue $6,909 $7,271 Cash $5,644 $16,465 Fair value gains / (losses) $5,845 $3,408 Listed investments $11,858 $16,427 Total income $12,754 $10,679 Unlisted investments $47,952 $79,377 Operating costs ($4,580) ($5,578) Fixed inc
Slide 12: Mr. Sandy Beard, Executive Chairman
MR. SANDY BEARD EXECUTIVE CHAIRMAN 0412 308 263 www.hancockandgore.com.au