Slide 1: FY23 End of Year Results
FY23 End of Year Results 3 0 J U N E 2 0 2 3 GROUP
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation is authorised by the Board of Simonds Group Limited (Company) and is current as at the date of the cover page. It is solely based on, and should be read in connection with, information contained on other periodic and continuous disclosure announcements
Slide 3: FY23 Setting the foundations for a sustainable future
FY23 Setting the foundations for a sustainable future. Successful recapitalisation Further cost reduction Development is well underway Proactive investment in of the business enabling initiatives implemented in Q4 to release a new product management capabilities in investment in alterntive to provid
Slide 4: FY23 Results - From challenge to opportunity
FY23 Results - From challenge to opportunity. • Revenue from continuing operations above the previous year primarily due to increased site start values of jobs on site and higher productivity. Revenue1 EBITDA1 • Reduced EBITDA reflects wide range of external factors such as $722.4m -$11.4m impacts o
Slide 5: Simonds Homes Results
FY23 Simonds Homes Results 30-Jun-23 30-Jun-22 • Revenue from continuing operations increased as a result of jobs with a higher contract value going to site during the year. $m $m Continuing operations • Gross margin declined during the year due to continued supply chain inflation and trade labour c
Slide 6: Balance Sheet
FY23 Balance Sheet 30-Jun-23 30-Jun-22 • Net cash and undrawn banking facilities of $39.3m as at 30 June 2023 provide significant headroom for the business to support all working $m $m capital needs and investments in future growth initiatives. Cash / Equivalents 15.1 11.1 Receivables 39.9 38.2 • Ac
Slide 7: Cash Flow
FY23 Cash Flow • Cash from operating activities was impacted by productivity 30-Jun-23 30-Jun-22 delays on site, offset by timing of tax payments. $m $m • Payment to suppliers and employees was impacted by Cash flows from operating activities supply and trade labour cost inflation experienced within
Slide 8: Investment of capital & underlying 2H improvement
FY23 Investment of capital & underlying 2H improvement Equity raise - Successfully completed the equity raise of $24.3m1, which was 2H underlying results reflect an improved result based utilised to fund the forecasted working capital requirements and investing in future on improved margins for jobs
Slide 9: FY24 Key Initiatives
FY24 Key Initiatives The FY23 equity raise served as the foundation to support operations during the downturn and provided the platform to reinvest in several initiatives. This creates a more streamlined business that sets the foundations for a more sustainable future. Channel delivery Sustainable p
Slide 10: Current trading conditions & outlook
Current trading conditions & outlook • Simonds expects an improved operating performance in FY24 on the back of increased margins and lower overhead costs. • Input cost pressures are moderating and build times are improving as the industry is coming off peak construction. • Retail site start mix has
Slide 11: Simonds Sustainability Focus
FY23 Simonds Sustainability Focus Simonds is a volume home builder that Key sustainability initiatives that Simonds has in place or development include: provides customers with high quality, aesthetically pleasing and affordable houses that provide Australian families with an outstanding living expe
Slide 12: Thank you.
Thank you. For more information contact us at: Level 1, 570 St Kilda Road Melbourne VIC 3004 (+61) 3 9682 0700 simondsgroup.com.au Authorised by Simonds Group Limited Board. GROUP