Pwr Holdings Ltd. · ASX:PWH
Pwr — Investor Presentation (February 2025)
24 slides from Pwr's investor presentation, Feb 21, 2025
Slide 1: 2025 First Half Results Presentation
PWR Holdings Limited (ASX:PWH) 2025 First Half Results Presentation February 2025 Presented by: Kees Weel – Managing Director Sharyn Williams – Chief Financial Officer
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: Operating Performance
OPERATING PERFORMANCE KEES WEEL Managing Director
Slide 4: H1 FY25 highlights
H1 FY25 highlights Revenue Investments delivering outcomes that underpin future growth down 2.1% to Aerospace & Defence (A&D) momentum continuing – achieved milestone US order $62.9m • H1 A&D revenue up 79% – continued strong sector growth above guidance1 of $61.9m • USD5.5M (~AUD8.9m) milestone ord
Slide 5: H1 FY25 achievements
H1 FY25 achievements Innovation Profitable growth Sustainability Investing in our people • New products • 79% growth in Aerospace & • Solar panels and water • 550 skilled, dedicated and commercialised and Defence revenue treatment plant at new passionate people globally generating revenue Stapylton
Slide 6: Revenue by market sector
Revenue by market sector Revenue by market sector - H1 FY25 Revenue bridge - H1 FY25 Sales mix - H1 FY25 Other Advanced 1.6 $M ET1 Total Change2 2% Cooling 6.1 64.2 Aerospace & Motorsports 24.1 7.9 32.0 5% Defence (1.0) 62.9 (0.8) OEM 6.1 0.8 6.9 (51%) 22% Automotive Aftermarket 8.6 0.2 8.8 (10%) 51
Slide 7: Strategy
STRATEGY KEES WEEL Managing Director
Slide 8: Our journey, a decade since listing
Our journey, a decade since listing 2024 2021 – 2022 Horizon One: 10 years since listing 2019 - 2020 Emerging tech Started new Australian manf. HQ upgrade at Stapylton Emerging tech Additive manf. capability 2025 to date battery & electronics 2016 - 2019 AS9100 (A&D) Certification WON: Milestone A&D
Slide 9: Enabling the next phase of growth
Enabling the next phase of growth Global Aerospace Thermal Management System Market Size USD 15.3B Forecast market growth - 6.5% CAGR (CY24- 31) 1 Building the Aerospace and Australian Facility Upgrade Defence platform Catering for the next 25+ years ✓ Vertically integrated supply chain + ✓ Australi
Slide 10: Financial Performance
FINANCIAL PERFORMANCE SHARYN WILLIAMS Chief Financial Officer
Slide 11: Performance overview
Performance overview Revenue $M FY25 H1 FY24 H1 Change • Sales ahead of November guidance1 with Motorsports, A&D and Revenue 62.9 64.2 (2.1%) Aftermarket sales above and OEM below expectations Raw materials and consumables (13.8) (13.6) 1.2% • Growth in A&D and Motorsports offset lower OEM revenues
Slide 12: Balance Sheet
Balance Sheet Strong liquidity and cash position December June December • Balance sheet strength and unutilised facilities provides ample $M 2024 2024 2023 ability to fund new factory and equipment Assets • Cash of $11.5m and undrawn facilities of $32m Cash and cash equivalents 11.5 21.7 15.6 - $30m
Slide 13: Capex and Australian factory update
Capex and Australian factory update H1 Capex $14.2m FY25F Capex $41.5m Australian Factory Update – FY25 and FY26 Capex forecast1 – Australian factory update 0.8 2.2 $M FY25 FY26 4.6 12.0 Electrical upgrades (including solar), office Factory upgrades 23.4 - expansion, services (air, gas, power) 8.8 2
Slide 14: Working Capital & Cashflow
Working Capital & Cashflow Working capital $m FY25 H1 FY24 H1 • Working capital has decreased since 30 June 2024 by $1.8 million, Trade and other receivables 18.3 16.4 driven by debtor collections Inventories 21.4 19.9 • Inventory – finished goods increased late December in preparation Prepayments f
Slide 15: Business Update and Outlook
BUSINESS UPDATE AND OUTLOOK KEES WEEL Managing Director
Slide 16: Pipeline update
Pipeline update1 Aerospace and Defence OEM and Motorsports Emerging Technology Top 40 - focused on the most Top 40 programs Motorsports ET pipeline reflects 38 discrete key programs compelling prospects positive F1 changes 37 37 30 33 • Number of key programs +12% vs. 26 • Large pipeline refined to
Slide 17: H2 strategic priorities and outlook
H2 strategic priorities and outlook New Australian factory A&D platform Profitable growth Global operating model Catalyst for delivery of improved Enabling the next phase of growth Product development and new To capitalise on opportunities operational & ESG performance industries Relocation/commissi
Slide 18: Q&A
Q&A
Slide 19: Appendix
APPENDIX
Slide 20: Global Leader in Thermal Management
Global Leader in Thermal Management Designing, manufacturing and supplying technically advanced, high performance cooling systems Global footprint that supports ‘flexible’, Leveraging Motorsports innovation …into new markets and new vertically integrated manufacturing leadership… technologies 550 st
Slide 21: Pipeline – Aerospace & Defence
Pipeline – Aerospace & Defence1 Status SOP2 FY Prod. Years FY2025 FY2026 FY2027 Nominated for Pre Production 2025 Ongoing Secured/Won/In production/ Nominated for Prototyping 2025 Ongoing future production In dicussions 2025 Ongoing Nominated for Production 2025 Ongoing Potential/In discussion/ prog
Slide 22: Pipeline – OEM and Motorsport Emerging Technology
Pipeline – OEM and Motorsport Emerging Technology1 Prod. Program Status SOP2 FY Years FY25 FY26 FY27 Motorsports - Hybrid & Electric Nominated Supplier - multiple Teams 2023 TBC 1 1 1 Secured/Won/In production/ Single make EV Racecar (150) Nominated Supplier 2025 5 1 1 1 future production Roadcar (5
Slide 23: Glossary
Glossary Term Definition AASB Australian Accounting Standards Board A&D Aerospace and defence Aftermarket The market for parts and accessories used in the repair or enhancement of a product, such as a car Cash conversion ratio Operating cash flows as a percentage of net profit after tax, before depr
Slide 24: PWR Europe, Head Office, North America
CZ... PWR EUROPE PWR HEAD OFFICE PWR NORTH AMERICA AUSTRALIA PWR Europe Limited PWR Holdings Limited C&R Racing Inc. Unit C, Valley Point Valley Drive Rugby, P.W.R. Performance Products Pty Ltd 6950 Guion Road Warwickshire, CV21 1TN 103 Lahrs Road Ormeau Indianapolis, IN United Kingdom Queensland, 4