Slide 1: FY24 Results Investor Presentation
SCOTT TECHNOLOGY LIMITED FY24 RESULTS INVESTOR PRESENTATION 17 October 2024
Slide 2: Agenda
INVESTOR PRESENTATION FY24 RESULTS Aaron Vanwalleghem Anthony Wesney Mark O’Malley Casey Jenkins Interim Chief Executive Officer Co-Chief Financial Officer Co-Chief Financial Officer Group GM – People, ESG Marketing & President Minerals AGENDA 3-10 Strategy & Performance 11-17 Core Business Highligh
Slide 3: Strategy & Performance
STRATEGY & PERFORMANCE Scott Technology Limited FY24 Results | 3
Slide 4: Full Year Business Highlights
SUMMARY Full Year Business Highlights Major strides in sustainability with the Revenue of $276m, +3% on a record FY23, and development of a carbon management plan and resilient operating EBITDA in a challenging Scope 1 and Scope 2 emissions reduction targets, market highlights the strength of the st
Slide 5: FY24 Performance Snapshot
SUMMARY FY24 Performance Snapshot FY24 Revenue Group Margin Performance Operating EBITDA $276M 27% $30M FY23 $268M + 3% FY23 27% FY23 $30M + 0% FY22 $222M +21% FY22 24% FY22 $24M +27% Core Revenue Contribution Forward Work* SALES SERVICES FY23 85% 79% + 6 BPS FY23 $136M $179M - 24% $24M FY23 $16M +5
Slide 6: Robust revenue and stable operating earnings in a challenging market
FY24 RESULTS SUMMARY Robust revenue and stable operating earnings in a challenging market Results Snapshot (NZ$m) FY24 FY23 FY22 Revenue 276.1 267.5 221.8 Operating EBITDA 30.2 30.4 23.9 Non-trading adjustments* (3.8) (0.7) - OPERATIONAL EBITDA EXCELLENCE 26.4 29.7 23.9 ONE SCOTT AUTHENTIC CUSTOMER
Slide 7: Scott 2025 extended to 2027 with confidence
STRATEGY UPDATE Scott 2025 extended to 2027 with confidence ENGINEERING SCOTT TO HIGH PERFORMANCE OPERATIONAL EXCELLENCE ONE SCOTT AUTHENTIC CUSTOMER PARTNERSHIPS Delivering smart automation that transform Industries Our mission is to be the first choice for businesses around the world wanting smart
Slide 8: Strategy delivering sustained expansion and resilience across core business
PERFORMANCE Strategy delivering sustained expansion and resilience across core business Revenue by Core Business Scott’s strategy of more revenue from proven systems, product and service 268 276 Group CAGR delivers another period of growth +12% • Strategy supplying repeatable solutions into large ad
Slide 9: Strong global platform supported by world-class products and people
PERFORMANCE Strong global platform supported by world-class products and people REVENUE CONTRIBUTION BY SITES CHINA NORTH AMERICA $12.3m $93.1m EUROPE $88.2m AUSTRALIA ROCKLABS $20.8m $43.4m NEW ZEALAND $18.3m 649 Scott Employees 9 Countries of Operation 350+ Customers supported in FY24 30+ Represen
Slide 10: Reduced NPAT following period of investment for future growth
NET PROFIT AFTER TAX AND CASH POSITION Reduced NPAT following period of investment for future growth Net Profit After Tax (NPAT) Investment in infrastructure positions business for future 16.1 (0.1) One-Off 0.7 (2.5) • Operating EBITDA is $30.2m, largely in-line with prior year. (0.8) 15.4 (1.7) +1.
Slide 11: Core Business Highlights
CORE BUSINESS HIGHLIGHTS Scott Technology Limited FY24 Results | 11
Slide 12: Continued growth in strategic markets Europe and North America
MATERIALS HANDLING Continued growth in strategic markets Europe and North America Revenue (NZ$m) 35% revenue growth following higher demand in automated 127.3 palletisation solutions 17.1 • Scott’s MHL presence continues to grow strongly across Europe and North America, 94.3 with over 40 projects in
Slide 13: New products drive revenue growth
MINERALS New products drive revenue growth Revenue (NZ$m) Rocklabs AMS and Energise drive growth of +19% • Strong focus on execution for Rocklabs Automated Modular Solution (AMS) for Minerals 48.8 Resources Ltd (MRL) and the automated energy transfer systems (AETS) for Caterpillar, 41.2 5.2 known as
Slide 14: Global macroeconomics brings reduction in demand
PROTEIN Global macroeconomics brings reduction in demand Revenue (NZ$m) Global pressure on red meat reduces customer demand and meat processors investments 76.0 • Protein revenue down 21% to $59.9m in a challenging market period. North America 59.9 faced reduced cattle supplies from environmental co
Slide 15: Focus on proven technologies delivers margin improvement
REST OF BUSINESS Focus on proven technologies delivers margin improvement Revenue (NZ$m) Strategic focus on executing on proven technologies 55.0 56.1 • Strategic focus on executing on proven technologies. 16.3 40.1 • Revenue down 29% but replaced with quality revenue with reduced risk. 4.1 • Decisi
Slide 16: Focus on service strategy provides sustainable revenue growth
SERVICE & AFTERMARKET Focus on service strategy provides sustainable revenue growth Service* and Sales Over Time ($NZm) Focus on service strategy, customer value proposition and the 300 CAGR %30.0% growing installed base provides sustainable revenue growth profile 276 FY22 - 268 Fundamentals of Serv
Slide 17: Innovation & developments impress as customer engagement accelerates
CUSTOMER ENGAGEMENT Innovation & developments impress as customer engagement accelerates v Caterpillar Energize AETS Poultry Trusser in operation at LPP Beef Development Customer Site Trial First T300s installed at customer's site Nexbot Modular AGV Development in US Scott Technology Limited FY24 Re
Slide 18: Sustainability, People & Planet
SUSTAINABILITY PEOPLE & PLANET Scott Technology Limited FY24 Results | 18
Slide 19: Zero Lost Time Injuries: A Milestone In Safety
HEALTH & SAFETY Zero Lost Time Injuries: A Milestone In Safety FY23 FY24 Strong engagement delivers record improvements proving mature safety culture 0 0 Fatality • Strong engagement delivers record improvements proving mature safety culture. • 100% reduction in lost-time injuries (LTIs) in FY24. 5
Slide 20: Evolving People, Purpose & Place Strategy
PEOPLE & SUSTAINABILITY Evolving People, Purpose & Place Strategy 2024 Double Materiality Matrix Social External materiality assessment completed to align sustainability Place efforts with stakeholder priorities, building on the 2021 internal Purpose assessment. • Conducted an external materiality a
Slide 21: Evolving our Sustainability Framework
PEOPLE & SUSTAINABILITY Evolving our Sustainability Framework 2024 Sustainability Framework PEOPLE PURPOSE PLACE Building an engaged, diverse, Growing profitable business Committed to promoting sustainable and talented workforce. focused on long-term growth. practices for a better environment. 1 Car
Slide 22: Culture of engagement and collaboration drive excellence
PEOPLE & SUSTAINABILITY Culture of engagement and collaboration drive excellence Average tenure rate is 5.8 years, reflecting Climate-related disclosures: Scope 1 and Scope 2 strong workforce longevity, with turnover of emissions reduction targets set for publication 10.3%. on November 20th, alongsi
Slide 23: Final Comments
FINAL COMMENTS Scott Technology Limited FY24 Results | 23
Slide 24: Significant progress and investment made across Scott
SUMMARY Significant progress and investment made across Scott Scott 2027 strategy leverages proven expertise to target large, addressable markets Embedded commercial partnerships with top-tier blue-chip customers Highly engaged global team with strong support from a well-invested operating footprint
Slide 25: Thank You Q&A
THANK YOU Q&A Scott Technology Limited FY24 Results | 25