Schaffer Corporation Limited · ASX:SFC

Schaffer — Shareholder Meeting (November 2023)

28 slides from Schaffer's shareholder meeting presentation, Nov 15, 2023

  1. Slide 1: ASX Announcement: AGM Corporate Presentation

    15 November 2023 ASX Market Announcements ASX Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, SCHAFFER CORPORATION LIMITED (ASX:SFC) ANNUAL GENERAL MEETING CORPORATE PRESENTATION Please find attached the Corporate Presentation for the Annual General Meeting of SFC. The Chairman h

  2. Slide 2: 2023 Annual General Meeting

    2023 Annual General Meeting 15 November 2023 Creating shareholder value through the efficient operation of our businesses and long-term growth in our investments

  3. Slide 3: Disclaimer

    Disclaimer This presentation has been prepared by Schaffer Corporation Limited ACN 008 675 689 (“The Company”). This presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire Schaffer C

  4. Slide 4: Chairman's Address

    2023 Annual General Meeting Chairman’s Address

  5. Slide 5: Group Consolidated Financial Performance

    Group Consolidated Financial Performance ($m) FY23 FY22 $ change FY23 Statutory NPAT1 was $13.6m (FY22: $26.2m) Revenue $183.6 $170.4 $13.2 NPAT1 from: 1 Automotive Leather NPAT1 of $11.1m. Automotive Leather 1 $11.1 $18.1 ($7.0) Delta 2 $2.0 ($0.6) $2.6 2 Delta NPAT1 of $2.0m. Manufacturing NPAT1 $

  6. Slide 6: Use of Cash and Net Debt Overview

    Use of Cash and Net Debt Overview ($m) FY23 FY22 Total Cash Generated1 6.1 36.1 Less: Cash Paid to SFC Shareholders & Minorities (14.2) (14.9) Cash Available after Shareholder Payments (8.1) 21.2 Less: Cash Used for Investments & Capex (35.1) (20.1) New Investments (16.3) (8.8) Capital Expenditure a

  7. Slide 7: Total Shareholder Return (TSR)

    Total Shareholder Return (TSR) Value of $100K invested in SFC (Sep-2013) and Gross Dividend History $700,000 $1.40 $1.29 $1.29 $1.29 ▪ 10-year TSR to September 2023 of 18%* p.a. $600,000 $1.20 $1.14 ▪ $100,000 invested in SFC in September 2013 for 10- $0.39 $0.39 $0.39 $1.00 years, would be worth $5

  8. Slide 8: Automotive Leather

    Automotive Leather New Range Rover - Interior Annual General Meeting NOVEMBER 2023 7

  9. Slide 9: Automotive Leather

    Automotive Leather ▪ A challenging year, impacted by multiple factors ($m) FY23 FY22 ▪ Revenues increased to $143 million (FY22: $136 million), Revenue $142.8 $136.0 ▪ NPAT was down 39% to $11.1 million (FY22: $18.1 million). Segment NPAT1 $11.1 $18.1 ▪ Revenues, operating margins, productivity and

  10. Slide 10: Automotive Leather – 1H24 Update

    Automotive Leather – 1H24 Update 1H24 Update ▪ Volumes for the major renewed program are close to ‘normal’ expected levels. ▪ New Mercedes E-Class and Porsche program launches should provide incremental volume (initially limited in 1H24 but increasing in 2H24). ▪ During 2H24, multiple new Audi progr

  11. Slide 11: Automotive Leather – 1H24 Update: Risks

    Automotive Leather – 1H24 Update Risks ▪ Slower than expected or delays in new program launches. ▪ Continued adverse currency volatility. ▪ Global economic uncertainties, including a global economic slowdown. ▪ Inflationary pressures, particularly labour and energy. Audi A3 Interior Annual General M

  12. Slide 12: Automotive Leather

    Automotive Leather Annual General Meeting NOVEMBER 2023 11

  13. Slide 13: Automotive Leather

    Automotive Leather Annual General Meeting NOVEMBER 2023 12

  14. Slide 14: Group Investments

    Group Investments Pre-Tax Net Equity Value1 (adjusted for syndicated property debt) of $186.5 million or $13.73/share Over the past five years: ▪ Pre-Tax Net Equity Value1 has increased by $73.3 million ▪ We have paid shareholders $57.3 million in fully franked dividends ▪ We have bought back $6.8 m

  15. Slide 15: Group Investments

    Group Investments ($m) FY23 FY22 Revenue $ 12.1 $ 17.2 NPAT1 of $3.2m (FY22: $11.5m) Segment NPAT1 $3.2 $11.5 The current financial years NPAT1 includes gains of: 1. NPAT excludes 16.83% minority interests for Gosh Capital investments ▪ $1.6m from unrealised, non-cash revaluation of US hotel investm

  16. Slide 16: Annual General Meeting NOVEMBER 2023

    Annual General Meeting NOVEMBER 2023 15

  17. Slide 17: Jandakot – South Connect – Logistics Estate

    Jandakot – South Connect – Logistics Estate A large strategic property asset located between two freeways and 15 minutes south of the Perth CBD. South Connect – Jandakot Logistics Estate is well located to benefit from the increased demand for logistic and “last- mile” warehousing driven by the rapi

  18. Slide 18: Jandakot – South Connect – Logistics Estate

    Jandakot – South Connect – Logistics Estate Artist’s Impression; Future Lot 811 Jandakot Road ▪ Future Lot 811 is now DA approved and ready for development. ▪ Approved for warehouse tenancies with aggregate lettable area of 36,000 square metres. Annual General Meeting NOVEMBER 2023 17

  19. Slide 19: Jandakot – South Connect – Logistics Estate

    Jandakot – South Connect – Logistics Estate Artist’s Impression; South Connect Logistics Estate, Jandakot Annual General Meeting NOVEMBER 2023 18

  20. Slide 20: Delta

    Delta ($m) FY23 FY22 Summary Revenue $28.7 $17.3 ▪ Delta returned to profitability with NPAT of $2.0m (FY22: -$0.6m loss) Segment NPAT $2.0 ($0.6) notwithstanding challenges including: o Design and engineering complexity on a large project which impacted margins and cashflow during 1H23. o Ongoing s

  21. Slide 21: Delta

    Delta Annual General Meeting NOVEMBER 2023 20

  22. Slide 22: Delta

    Delta Albany Ring Road Production Albany Ring Road Beams Annual General Meeting NOVEMBER 2023 21

  23. Slide 23: Conclusion

    2023 Annual General Meeting Conclusion

  24. Slide 24: Questions

    2023 Annual General Meeting Questions

  25. Slide 25: Item 1 – Annual Report

    Item 1 – Annual Report To receive and consider the annual financial statements and reports of the directors and the auditors for the period ended 30 June 2023 This item does not require voting by shareholders Annual General Meeting NOVEMBER 2023 24

  26. Slide 26: Item – Re-election of Director

    Item 2 – Re-election of Director Resolution 1: To consider, and if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Michael Perrot AM who retires in accordance with the Company’s constitution and, being eligible for re-election, be re-elected as a Director” Proxies r

  27. Slide 27: Item – Remuneration Report

    Item 3 – Remuneration Report Resolution 2: To consider, and if thought fit, to pass the following resolution as a non-binding ordinary resolution: “That the Remuneration Report for the period ended 30 June 2023 be adopted” Proxies received and accepted for Resolution 2 Adopt Remuneration For Against

  28. Slide 28: Conclusion of AGM

    2023 Annual General Meeting Conclusion of AGM

Schaffer — Shareholder Meeting (November 2023) on 6ix