Pwr Holdings Ltd. · ASX:PWH
Pwr — H1 2018 Earnings Presentation
15 slides from Pwr's earnings presentation, Feb 23, 2018
Slide 1: FY18 Half Year Results
PWR HOLDINGS LIMITED FY18 HALF YEAR RESULTS For personal use only ASX: PWH 22 FEBRUARY 2018
Slide 2: Important Notice
IMPORTANT NOTICE For personal use only 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
Slide 3: Agenda
AGENDA For personal use only About PWR 4 1H FY18 Overview 6 Financial Performance 8 Business Outlook 13 3
Slide 4: About PWR
About PWR 1H FY18 Overview ABOUT PWR Financial Performance Business Outlook For personal use only At 31 Dec 2017 (unless otherwise stated) Shares on issue 100 million Major segments Primary geographic Market capitalisation $234 million (21 Feb 18 close) product presence Cash & deposits $3.2 million
Slide 5: About PWR
About PWR 1H FY18 Overview ABOUT PWR Financial Performance Business Outlook For personal use only - Over 30 years experience in cooling technology providing a solid base from which to continually evolve advanced cooling technologies - Provide niche, bespoke solutions to complex problems - Design, de
Slide 6: 1H FY18 Overview
About PWR 1H FY18 Overview 1H FY18 OVERVIEW Financial Performance Business Outlook For personal use only 1. Revenue of $20.4m up 9.4% on prior year after exiting from non-cooling business at C&R. Overall organic growth of 10.6% 2. Underlying NPAT, after normalising for the below items, was $2.9m – a
Slide 7: 1H FY18 Overview: Strong 1H has delivered pleasing result
About PWR 1H FY18 Overview 1H FY18 OVERVIEW Financial Performance Business Outlook Strong 1H has delivered pleasing result For personal use only • Revenue $20.4m up 9.4% on prior period after exiting non-core business • Underlying organic revenue growth 10.6% on prior period • Organic sales growth i
Slide 8: Financial Performance
About PWR 1H FY18 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only A$'000 1H FY18 1H FY17 Variance • Organic revenue growth of $1.9m or 10.6% on pcp: Revenue 20,371 18,624 9.4% é • GBP sales up 22% EBITDA1 3,832 3,374 13.6% é • USD sales down 11% • AUD sale
Slide 9: Financial Performance: Consolidated Revenue Bridge
About PWR 1H FY18 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only Consolidated Revenue Bridge 1H FY18 category sales analysis 1H FY17 to 1H FY181,2 (1H FY17 comparatives in brackets) AUD $ 000 20,371 1 Constant currency organic revenue growth is 1H FY18 sa
Slide 10: Financial Performance: Revenue by Currency Summary
About PWR 1H FY18 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only Revenue by Currency Summary - PWR Europe an outstanding performer with organic growth of 22% over prior period. Currency conversion of GBP to AUD has also been stable. - Organic growth in PW
Slide 11: Balance Sheet
About PWR 1H FY18 Overview BALANCE SHEET Financial Performance Business Outlook For personal use only December June Key points A$000 2017 2017 Assets Cash and cash equivalents 3,168 9,064 • Zero net debt and strong cash position • Inventories in line with previous period Trade and other receivables
Slide 12: Working Capital & Cash Flow
About PWR 1H FY18 Overview WORKING CAPITAL & CASH FLOW Financial Performance Business Outlook For personal use only A$'000 1H FY18 1H FY17 Key points Trade, other receivables & prepayments 6,114 4,747 • Strong cash conversion from operating activities Inventories 7,162 8,498 with operating cash flow
Slide 13: Business Outlook - Overview
About PWR 1H FY18 Overview BUSINESS OUTLOOK - OVERVIEW Financial Performance Business Outlook For personal use only Remainder of FY 2018 as well as 2019 and 2020 years look positive. - OEM programs coming on stream as previously advised & anticipated - New furnace in USA has double the throughput ca
Slide 14: Work Programs
About PWR 1H FY18 Overview WORK PROGRAMS Financial Performance Business Outlook For personal use only Program 11 Supply to a niche, high-end, supercar USA OEM program for a planned 5 year production run of 250 vehicles per year recently commenced with PWR supplying 5 cooling units per vehicle. Progr
Slide 15: Technology Developments
About PWR 1H FY18 Overview TECHNOLOGY DEVELOPMENTS Financial Performance Business Outlook For personal use only Motorsports • Demand for profiled cores expected to remain strong through FY’s 19 & 20. • Increasing demand for billet machined tanking. • Passivation1 machine operational providing additi