Korvest Ltd. · ASX:KOV
Korvest — FY2025 Earnings Presentation
18 slides from Korvest's earnings presentation, Jul 25, 2025
Slide 1: June 2025 Full Year Results
For personal use only June 2025 Full Year Results Chris Hartwig Steven McGregor
Slide 2: Korvest Vision & Strategy
Korvest Vision & Strategy Our Vision is to be a leading supplier of engineered solutions and systems to the infrastructure, industrial and commercial construction sectors. For personal use only Our Strategy is focused in the following areas : ▪ Growth ▪ Day to day & small project markets ▪ Infrastru
Slide 3: Key Takeaways
Key Takeaways ▪ Record earnings For personal use only ▪ Strong cash generation ▪ Significant increase in major project revenue, skewed to 2H ▪ Galvanising insurance claim finalised ▪ Kilburn expansion approved 3
Slide 4: Headline Numbers
Headline Numbers June 25 June 24 % Change For personal use only Sales $ 119.57m $ 102.89m 16.2% EBIT $ 18.91m $ 15.82m1 19.5% NPAT $ 13.16m $ 11.04m 19.2% Operating Cash Flow $ 18.69m $ 10.35m EPS 112.0 ¢ 94.7 ¢ 18.3% Dividend per share 75 ¢2 65 ¢ 15.4% 1 Includes $319K gain on entering sub-lease. 2
Slide 5: Industrial Products
Industrial Products June 25 June 24 % Change For personal use only Sales $ 108.99m $ 92.73m 17.5% EBIT $ 17.58m $ 14.56m 20.7% EBIT % 16.1% 15.7% Trading Update ▪ Significant increase in major project revenue, mainly in 2H ▪ Major Projects ▪ Four completed in 1H – relatively low volume ▪ Two supplie
Slide 6: Production Services
Production Services June 25 June 24 % Change For personal use only Sales $ 10.58m $ 10.16m 4.1% EBIT $ 2.76m $ 2.06m 34.0% EBIT % 26.1% 20.3% Trading Update ▪ Increased external tonnes – major project in renewables sector ▪ EzyStrut volume increased ▪ Major operational issue (17 days lost production
Slide 7: Capital Expenditure
Capital Expenditure FY25 FY24 FY23 FY22 For personal use only Capital Expenditure $ 3.69m $ 4.51m $ 1.86m $ 2.11m $1.48m New equipment related to new capability / capacity including trucks, roll- former, kettle burner management system in galvanising. $1.91m Stay in business / maintenance, such as f
Slide 8: Kilburn Redevelopment: Rationale
Kilburn Redevelopment Rationale ▪ Existing Kilburn footprint is fully utilized For personal use only ▪ Improve amenity & appearance ▪ Remove existing capacity constraints & increase capacity in key product lines to improve service, reduce lead-times & allow market share growth ▪ Vertically integrate
Slide 9: Kilburn Redevelopment: Key Highlights
Kilburn Redevelopment Key Highlights ▪ Contract signed, building to commence October 2025 For personal use only ▪ Scheduled for completion August 2026 ▪ 3000m2 factory plus 500m2 canopy ▪ Long lead time machinery to be ordered in 2025 post Board approval ▪ Machinery and equipment moves to be install
Slide 10: Key Initiatives
Key Initiatives Automation ▪ Robotic folding cell For personal use only ▪ Additional automation projects ongoing People, Operations & Cost Optimisation ▪ Continue strong safety performance ▪ Installation of new kettle in Galvanising in Dec 2025 ▪ Installation of new burner management system in Galva
Slide 11: Balance Sheet
Balance Sheet ASSETS ($m) June 2025 June 2024 June 2023 For personal use only Cash & Investments 13.3 7.1 9.2 Receivables 21.2 22.6 18.9 Inventories 18.5 17.0 16.8 Property, Plant & Equipment 26.7 23.0 20.4 Right-of-use Asset 8.1 7.7 4.9 Lease Receivable 1.2 1.6 - Other 1.4 0.5 0.5 Total Assets 90.4
Slide 12: Dividends
Dividends FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 For personal use only Interim 25 ¢ 25 ¢ 25 ¢ 25 ¢ 15 ¢ Final Dividend 40 ¢ 40 ¢ 35 ¢ 35 ¢ 20 ¢ Special Dividend 10 ¢ Total Dividend 75 ¢ 65 ¢ 60 ¢ 60 ¢ 35 ¢ Franking 100% 100% 100% 100% 100% DRP remains suspended. Key Dates ▪ Record Date: 15 August 2
Slide 13: Outlook
Outlook For personal use only ▪ Solid pipeline of major infrastructure projects secured or at bid stage with supply in FY26 and beyond ▪ FY26 major project activity unlikely to achieve FY25 level ▪ Day-to-day and small project markets expected to continue at similar or slightly improved levels subje
Slide 14: Company Overview
For personal use only Company Overview
Slide 15: Introduction to Korvest
Introduction to Korvest ▪ Korvest (ASX:KOV) is headquartered in South Australia, For personal use only providing cable and pipe supports and galvanising services. ▪ Listed in September 1970. ▪ Korvest has sales offices and warehouses in Adelaide, Melbourne, Sydney, Brisbane and Perth, with distribut
Slide 16: Industrial Products: Cable and Pipe Supports
Industrial Products For personal use only ▪ Cable and Pipe Supports ▪ Market leader in cable supports ▪ Manufacturing facility in Kilburn ▪ Overseas supply chain ▪ Sells to EPCMs, wholesalers and direct to project contractors ▪ Local manufacturing allows quick response times and ability to fabricate
Slide 17: Production Services
Production Services For personal use only ▪ Longest galvanising kettle in Australia (14m in length) ▪ South Australia’s only centrifuge galvanising plant, specializing in the treatment of small items (national market) ▪ Predominant processor of structural work for South Australian projects or fabric
Slide 18: Online
Online www.korvest.com.au For personal use only www.linkedin.com/company/korvest Australia’s leading range of cable and pipe supports. www.ezystrut.com.au www.linkedin.com/company/ezystrut www.instagram.com/ezystrut Quick turnaround of the largest, smallest and most complex construction members. www