Slide 1: FY22 Half Year Results Presentation
FY22 Half Year Results Presentation 24 February 2022 At the Coventry Group we create a sustainable future by empowering our people to deliver great customer experiences ASX: CYG
Slide 2: Health, Safety and Wellbeing
Health, Safety and Wellbeing Reduced LTI’s in H1 FY22 The health, safety and wellbeing of our people is our number one priority We value the • 2 Lost Time Injuries (LTI) for a total of 7 lost days for H1 FY22 (5 LTI’s for 38 lost days in health, safety and H1 FY21) wellbeing of our • Detailed root c
Slide 3: Business Overview
Business Overview We supply a range of fastening systems, industrial products and hydraulics, lubrication, fire suppression and refuelling systems, cabinet hardware systems and other products. Trade Distribution (TD) Fluid Systems (FS) FS Comprises Konnect and Artia Comprises Cooper Fluid Systems, A
Slide 4: Corporate Snapshot
Corporate Snapshot Market capitalisation of $148.1m Key Market Metrics SHARE PRICE SHARES ON MARKET NET DEBT 24 February 2022 ISSUE CAPITALISATION 31 Dec 2021 $ 1.62 91.4M $ 148.1M $- 26.9M We acknowledge the support of our substantial Shareholders 28.5% 15.4% 10.8% 5.7% 5.0% 4 ASX: CYG
Slide 5: H1 FY22 Snapshot
H1 FY22 Snapshot Trading performance improved despite the on-going COVID-19 backdrop H1 FY22 Trading Group sales growth for H1 FY22 of +13.9% when compared with the prior corresponding period performance (pcp). Group sales at $157.0m ($137.8m H1 FY21). Despite an estimated loss of $750k of EBITDA du
Slide 6: H1 FY22 Highlights
H1 FY22 Highlights Continuing our journey of sustainable profitable growth People Sales growth EBITDA growth Reduced LTI’s Excellent engagement rates Group +0.3m Group +13.9% (Proforma +15%) TD +12.5% TD +$1.9m FS +15.0% FS -$0.4m Notable events COVID-19 impact Acquisition growth Appointment of Chie
Slide 7: H1 FY22 Financial Results
H1 FY22 Financial Results Sales growth of 13.9% Sales growth of +13.9% compared to the ($m) H1 FY22 H1 FY21 % change inc. pcp acquisitions Sales of $157.0m (H1 FY21: $137.8m) Revenue from sale of goods 157.0 137.8 +13.9% Sales growth of +15.0% in Fluid Systems (FS) EBIT 5.8 5.7 +1.5% and +12.5
Slide 8: H1 FY22 Financial Results by segment
H1 FY22 Financial Results Sales growth achieved in both segments Fluid Systems Fluid Systems ($m) H1 FY22 H1 FY21 % change inc. FS sales for H1 FY22 up +15.0% acquisitions and EBITDA down -6.6% on the pcp Revenue from sale of goods 64.0 55.7 +15.0% H1 FY21 sales included $5.0m of EBIT 5.8 6.4 -8
Slide 9: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Net assets increased to $111.1m ($m) Jun-20 Jun-21 Dec-21 Cash & cash equivalents 7.5 8.2 9.6 Net debt position at 31 December 2021 of -$26.9m Trade and other receivables 33.5 43.5 39.8 Inventories 53.6 63.9 75.2 (net debt position as at 30 June 2021 of -$16.3m) Other f
Slide 10: Fluid Systems
Fluid Systems Fluid Systems H1 result impacted by the non-repeat of the large FY21 order Markets COVID-19 • Mining and resources • No Government JobKeeper support received • Iron Ore – performing well and expected to stay solid • Supply chain disruption overseas and locally is being managed • Coal –
Slide 11: Trade Distribution
Trade Distribution Trade Distribution continues to be a big opportunity for growth Markets COVID-19 • Industrial – performing well • No Government JobKeeper support received in Australia • Commercial construction – performing well • Government support received in New Zealand as a result of • Infrast
Slide 12: Outlook
Outlook The Group is cautiously optimistic for the FY22 financial year The markets in which FS and TD operate are to date performing well despite on-going COVID-19 pandemic related disruption. There are significant growth opportunities across all segments of the business – market share gains, ne
Slide 13: Disclaimer
Disclaimer Reliance on third party information Forward looking statements The information and views expressed in this presentation were prepared by This presentation may include forward-looking statements. Although the Coventry Group Ltd (the Company) and may contain information that has Company bel
Slide 14: ASX: CYG
4) Coventry Group Ltd & Coventry Group Ltd