Sdi Limited · ASX:SDI
Sdi — Investor Presentation (February 2020)
17 slides from Sdi's investor presentation, Feb 14, 2020
Slide 1: HY 2020 Results Presentation
HY 2020 RESULTS PRESENTATION Samantha Cheetham CEO John Slaviero CFO / COO Good morning everyone and thank you for joining us for our first half result investor conference call for financial year 2020. My name is Samantha Cheetham, the Chief Executive Officer and with me today is John Slaviero our C
Slide 2: Your Smile. Our Vision.
YOUR SMILE. OUR VISION. Long successful operating SDI conducts research and SDI sells to 100+ countries history – founded in 1972 development of specialist on all continents and with and listed on ASX in 1985 dentist materials sales teams and distribution and Australia’s largest undertaking the in A
Slide 3: Agenda
AGENDA • HY 2020 highlights • Product categories • Key geographies • Financial performance • Strategy and outlook 3 I will begin with the highlights for the last six months, then spend some time talking about the product categories and the key geographies we operate in. I will then turn over to John
Slide 4: HY 2020 Highlights
HY 2020 HIGHLIGHTS • Record first half profit • Amalgam sales fell 13.6% EBITDA Sales with NPAT up 11.9% to in local currency (down $3.5m 10.6% in AUD) and represent 20.6% of sales 7.8 • First half sales up 7.7% 80.0 42.5 to $40.0m • Fully franked interim 7.3 8.5 39.7 40.9 70.0 • Gross Margins of 66
Slide 5: Product Categories
PRODUCT CATEGORIES 5 Let’s now turn to the product categories. 5
Slide 6: Aesthetics & Whitening Drive Growth
AESTHETICS & WHITENING DRIVE GROWTH • Aesthetics sales • Growth in Aesthetics Product Growth in Growth in % of Total Category Sales Local Currency AUD AUD Sales growth continuing with and Whitening products continue to Aesthetics 11.5% 15.3% 45.7% 11.5% growth in local currency (up 15.3% in track si
Slide 7: Key Geographies
KEY GEOGRAPHIES $0!
Slide 8: Sales by Business Unit
SALES BY BUSINESS UNIT • The Australian business • North American sales Business Unit Growth in local Growth in AUD % of Total AUD unit grew sales by 3.2% saw a 5% decline in currency Sales in local currency, local currency with Australia* 3.2% 7.2% 38.5% including direct exports weak Amalgam & Nort
Slide 9: Geographical Sales HY 2020
GEOGRAPHICAL SALES HY 2020 Europe Sales by geographical North America $14.5m +11.7% location A$(m) $8.8m +0.1% 14.5 1H19 1H20 12.8 Middle East/Africa $4.4m (3.9%) 8.8 8.8 7.8 7.1 South America 4.5 4.4 $4.5m +19.9% 4.6 3.8 APAC $7.8m +10.9% Oceania Middle North South Europe & Asia East & America Amer
Slide 10: Financial Performance
FINANCIAL PERFORMANCE 10 10
Slide 11: Profit & Loss
PROFIT & LOSS Profit & Loss ($'000) HY 2020 HY 2019 % Change • Gross product margins up 5.3% to 66.2% Revenue - Favourable product mix in favourable regions and Sales Revenue 39,963 37,103 7.7% currency drive improved margins. Cost of goods sold (13,502) (14,495) (6.9%) • Other Income includes $707k
Slide 12: Balance Sheet
BALANCE SHEET Balance Sheet ($'000) HY 2020 FY 2019 HY 2019 Assets Balance sheet ($'000) FY18 FY17 Change • Cash holdings at balance date were $6.1m with no debt Assets Cash & cash equivalents 6,058 6,481 6,068 Cash and cash equivalents Trade & other receivables 8,246 14,203 5,754 17,780 15,059 43%
Slide 13: Cash Flow
CASH FLOW Cash Flow ($'000) HY 2020 HY 2019 % Chg Receipts from customers 43,746 38,029 15.0% • Increased inventory investment for rebranding in Whitening and a new product Payments to suppliers & employees (36,826) (32,792) 12.3% launch Other revenue 4 6 • Continued investment in R & D • New Accoun
Slide 14: Strategy & Outlook
STRATEGY & OUTLOOK SDI 14
Slide 15: Strategy & Outlook
STRATEGY & OUTLOOK 4 Strategic priorities: Progress: 1. Rationalise product portfolio • Product rationalisation has seen a significant number of SKUs 2. Focus on key product removed categories – whitening, glass ionomers and • Key product categories, composites Aesthetics and Whitening, are driving
Slide 16: Questions
QUESTIONS 16 16
Slide 17: Disclaimer
DISCLAIMER THIS PRESENTATION CONTAINS SUMMARY INFORMATION ABOUT SDI LIMITED (SDI) AND ITS SUBSIDIARIES AND THEIR ACTIVITIES. THE INFORMATION IN THIS PRESENTATION DOES NOT PURPORT TO BE COMPLETE. IT SHOULD BE READ IN CONJUNCTION WITH SDI’S OTHER PERIODIC AND CONTINUOUS DISCLOSURE ANNOUNCEMENTS LODGED