Wagners Holding Co. Ltd. · ASX:WGN

Wagners — FY2018 Earnings Presentation

17 slides from Wagners's earnings presentation, Aug 22, 2018

  1. Slide 1: FY2018 Results Presentation

    For personal use only FY2018 Results Presentation AUGUST 2018

  2. Slide 2: Disclaimer

    DISCLAIMER For personal use only The material contained in this presentation is a summary of Wagners in this presentation intended to be relied upon as advice to investors or Holding Company Limited’s (Wagners) activities and results, current at the potential investors and does not take into account

  3. Slide 3: Group Highlights

    For personal use only GROUP HIGHLIGHTS

  4. Slide 4: Group Highlights

    GROUP HIGHLIGHTS For personal use only Strong growth Financial performance in line with prospectus forecast  Strong growth in cement volumes  Increased utilisation of transport assets  Two concrete plants in operation, 1 more operational in first quarter FY19 and 4 more sites in South East Queens

  5. Slide 5: Financial Overview – Pro Forma

    FINANCIAL OVERVIEW – PRO FORMA For personal use only Revenue Gross Profit EBITDA EBIT NPAT Final Dividend $231.5m $144.6m $50.3m $39.5m $23.2m 3.5 cps ↑ 20.2% ↑ 32.8% ↑ 25.4% ↑ 39.7% ↑ 50.7%  Revenue growth of 20.2%  EBITDA(1) growth of 25.4% to $50.3m  NPAT(1) growth of 50.7% to $23.2m  Capital

  6. Slide 6: Financial Results

    For personal use only FINANCIAL RESULTS

  7. Slide 7: Pro Forma Profit and Loss

    PRO FORMA PROFIT AND LOSS For personal use only Pro forma Pro forma Pro forma FY2018 FY2018 FY2017 $ millions Actual Forecast(i) Variance Actual Change % 2018 v 2017 Revenue Growth +20.2% Total Revenue 231.5 231.8 -0.3 192.7 38.9 20.2%  Growth in cement volumes Gross Profit 144.6 142.4 2.2 108.9 35

  8. Slide 8: Pro Forma Cash Flow

    PRO FORMA CASH FLOW For personal use only Pro forma Pro forma Pro forma FY2018 FY2018 FY2017 $ millions Actual Forecast(i) Variance Actual Change EBITDA 50.3 50.0 0.3 40.1 10.2 Non-cash items -2.0 0.0 -2.0 -0.9 -1.1 Changes in working capital -8.9 6.7 -15.6 2.1 -11.0 Changes in provisions -1.0 0.0 -

  9. Slide 9: Pro Forma Balance Sheet

    PRO FORMA BALANCE SHEET For personal use only June June $ millions 2018 2017(i) Change Current assets 62.1 47.9 14.2 Non-current assets 121.2 117.0 4.2 Total assets 183.3 164.9 18.4 Current liabilities 49.6 44.2 5.4 Non-current liabilities 74.5 56.5 18.0 Total liabilities 124.0 100.7 23.3 NET ASSETS

  10. Slide 10: Pro Forma Segment Results

    PRO FORMA SEGMENT RESULTS For personal use only Pro forma Pro forma Pro forma FY2018 Actual FY2018 Forecast(i) Variance FY2017 Actual Change $ Change % $ millions Revenue EBIT Revenue EBIT Revenue EBIT Revenue EBIT Revenue EBIT Revenue EBIT Construction Materials and Services 215.5 44.2 209.6 43.8 5

  11. Slide 11: Operations and Growth Review

    3 For personal use only OPERATIONS AND GROWTH REVIEW

  12. Slide 12: Construction Materials and Services

    CONSTRUCTION MATERIALS AND SERVICES For personal use only Highlights  Full year performance in line with prospectus forecast  Strong growth in cement volumes, 15% increase on FY17  Construction materials business performing significantly better at the revenue and EBIT levels against FY17  Renewa

  13. Slide 13: New Generation Building Materials – Composite Fibre Technology (CFT)

    NEW GENERATION BUILDING MATERIALS Composite Fibre Technology (CFT) For personal use only Highlights  Full year performance in line with prospectus forecast  Increase in crossarm sales volumes of 21% and CFT pedestrian and road bridge revenues  The increased CFT sales revenues have been offset by

  14. Slide 14: Next Generation Building Materials – Earth Friendly Concrete (EFC)

    NEXT GENERATION BUILDING MATERIALS Earth Friendly Concrete (EFC) For personal use only  EFC is a geopolymer concrete containing NO ordinary portland cement  EFC is a system that uses a unique formula of proprietary activators and add mixtures with slag and flyash applied with proprietary processes

  15. Slide 15: Summary and Outlook

    For personal use only 4 SUMMARY AND OUTLOOK

  16. Slide 16: Summary and Outlook

    SUMMARY AND OUTLOOK For personal use only  The company has met expectations in FY18 and has momentum into the new financial year  Construction Materials and Services will benefit from:-  Timing of large infrastructure projects in South East Queensland  Expanded presence in the North West Queensl

  17. Slide 17: Appendix A: Reconciliation of Statutory Results to Pro Forma

    APPENDIX A RECONCILIATION OF STATUTORY RESULTS TO PRO FORMA For personal use only 1. Relates to the impact of transferring assets from Wagners Holding Company Ltd group to the $ millions FY2018 FY2017 Wagner Family company group as part of the IPO Statutory EBITDA* 47.8 49.8 2. Adjustment made to re

Wagners Holding Company — FY2018 Earnings Presentation on 6ix