Schaffer Corporation Limited · ASX:SFC
Schaffer — Shareholder Meeting (November 2024)
24 slides from Schaffer's shareholder meeting presentation, Nov 13, 2024
Slide 1: ASX Market Announcements
13 November 2024 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
Slide 2: 2024 Annual General Meeting
2024 Annual General Meeting 13 November 2024 Creating shareholder value through the efficient operation of our businesses and long-term growth in our investments
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
Slide 4: Chairman’s Address
2024 Annual General Meeting Chairman’s Address
Slide 5: Group Consolidated Financial Performance
Group Consolidated Financial Performance Full-Year ending June ($m) FY24 FY23 % Change2 FY24 Statutory NPAT1 increased 99% to $27.1m (FY23: Revenue $226.2 $183.6 23.2% $13.6m) Net Profit After Tax (NPAT)1 from: 1▪ Automotive Leather NPAT1 of $15.3m. Automotive Leather 1 $15.3 $11.1 38.7% 2▪ Delta NP
Slide 6: Use of Cash and Net Debt Overview
Use of Cash and Net Debt Overview 1 Strong cash generation1 of $48.7m (FY23: $6.1m) ($m) FY24 FY23 primarily related to: Total Cash Generated1 1 48.7 6.1 ▪ Improved profitability from Automotive Leather and Delta. Less: Net Cash Paid to SFC Shareholders & Minorities 2 (16.9) (14.2) ▪ Reduction of Au
Slide 7: Total Shareholder Return (TSR)
Total Shareholder Return (TSR) Value of $100K invested in SFC (Sep-2014) $700,000 $660,961 ▪ 10-year TSR to September 2024 of 21%* p.a. $600,000 $565,534 ▪ $100,000 invested in SFC in September 2014 for 10-years, would be worth $660,961 by $500,000 21% p.a. $486,002 $495,658 September 2024. * * Assu
Slide 8: Automotive Leather
Automotive Leather All new electric Porsche Macan Annual General Meeting NOVEMBER 2024 7
Slide 9: Automotive Leather
Automotive Leather A good year with further room for improvement. ($m) 1H24 2H24 FY24 FY23 ▪ Revenues increased 27% to $182m (FY23: $143m) Revenue $92.8 $89.1 $181.9 $142.8 Segment NPAT1 $7.8 $7.5 $15.3 $11.1 ▪ NPAT1 increased 39% to $15.3m (FY23: $11.1m). ▪ Revenues and cashflow benefited from: 1.
Slide 10: Automotive Leather – 1H25 Update
Automotive Leather – 1H25 Update Current expectations for 1H25, subject to risks: ▪ Our main luxury automotive customers in Europe have recently reported their quarterly results. ▪ Jaguar Land Rover reported good results, with some weakness in Europe and China. Six-month results were impacted from t
Slide 11: Automotive Leather
Automotive Leather Annual General Meeting NOVEMBER 2024 10
Slide 12: Automotive Leather
Automotive Leather Annual General Meeting NOVEMBER 2024 11
Slide 13: Group Investments
Group Investments Pre-Tax Net Equity Value1 of $210.9m or $15.53/share Over the past seven years: $210.9 $191.7 $187.7 $18.9 ▪ Pre-Tax Net Equity Value1 has increased by $115 million. $186.5 $20.6 $8.7 $36.3 $23.4 ▪ While having: $162.6 $36.4 $56.4 $24.4 $25.5 ▪ paid shareholders $76 million in full
Slide 14: Group Investments
Group Investments Full-Year ending June ($m) FY24 FY23 ▪ Group Investments represents a growing proportion of the Group’s underlying assets and valuation. Revenue $13.2 $12.1 Segment NPAT1,2 $10.5 $3.2 ▪ We continue to grow the division opportunistically with the objective of maximising shareholder
Slide 15: Annual General Meeting NOVEMBER 2024
Annual General Meeting NOVEMBER 2024 14
Slide 16: Jandakot – South Connect – Logistics Estate
Jandakot – South Connect – Logistics Estate A large strategic property asset located between two freeways and 15 minutes south of the Perth CBD. South Connect – Jandakot Logistics Estate is well located to benefit from the increased demand for logistic and “last-mile” warehousing driven by the rapid
Slide 17: Delta
Delta Summary Full-Year ending June ($m) FY24 FY23 ▪ Delta increased NPAT to $4.5m (FY23: $2.0m): Revenue $31.1 $28.7 ▪ Improved operational efficiencies Segment NPAT $4.5 $2.0 Outlook ▪ Given its current order book, we expect Delta’s strong performance to continue during 1H25. ▪ The operating envir
Slide 18: Conclusion
2024 Annual General Meeting Conclusion
Slide 19: Questions
2024 Annual General Meeting Questions
Slide 20: 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 2024 This item does not require voting by shareholders Annual General Meeting NOVEMBER 2024 19
Slide 21: Item 2 – 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: “To consider, and if thought fit, to pass the following resolution as an ordinary resolution: "That Mrs. Danielle Blain AM who retires in accordance with the Co
Slide 22: Item 3 – Re-election of Director
Item 3 – Re-election of Director Resolution 2: To consider, and if thought fit, to pass the following resolution as an ordinary resolution: “To consider, and if thought fit, to pass the following resolution as an ordinary resolution: "That Mr. Anton Mayer who retires in accordance with the Company’s
Slide 23: Item 4 – Remuneration Report
Item 4 – Remuneration Report Resolution 3: 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 2024 be adopted” Proxies received and accepted for Resolution 3 Adopt Remuneration For Against
Slide 24: Conclusion of AGM
2024 Annual General Meeting Conclusion of AGM