Ntaw Holdings Limited. · ASX:NTD
Ntaw — National Tyre & Wheel — FY2019 Earnings Presentation
18 slides from Ntaw's earnings presentation, Aug 26, 2019
Slide 1: ASX Announcement: FY19 Investor Presentation - Correction
National Tyre & Wheel Limited PH: (07) 3212 0950| FAX: 07 3212 0951 30 Gow Street, Moorooka QLD 4105 PO Box 101, Moorooka QLD, 4105 ABN 97 095 843 020 For personal use only ASX Announcement 26 August 2019 FY19 Investor Presentation - Correction National Tyre & Wheel Limited (ASX: NTD) (‘NTAW’) advis
Slide 2: Financial Results 2019 Financial Year
For personal use only Financial Results 2019 Financial Year 26 August 2019 1
Slide 3: Important Information and Disclaimer
Important Information and Disclaimer For personal use only This presentation may contain certain unaudited financial information in relation to National Tyre & Wheel Limited (NTD and the “Company”). As such, it has not been subject to an audit or an audit process or otherwise independently verifie
Slide 4: Results Highlights
Results Highlights For personal use only * Underlying EBITDA for FY2019 is $13 million after adjusting for FY19 EBITDA of $12.8 million* (ahead of May 2019 guidance) unrealised foreign exchange gains, share based payment expense on gifted shares and one off due diligence costs Volumes adversely affe
Slide 5: Financial Results
Financial Results For personal use only FY19 EBITDA: $12.8 million compared to FY18 Pro Forma EBITDA of $16.9 million FY19 NPATA: $7.97 million compared to FY18 Pro Forma NPATA of $10.7 million. FY19 Revenue (including Statewide): $168.4 compared to FY18 Pro Forma (excluding Statewide): $153.4 milli
Slide 6: Summary of Results
Summary of Results For personal use only $'000 Pro Forma Statutory FY2019 revenue of $168.4 million was ahead of the range provided in the May 2019 trading update. FY2019 gross margin for group was 28.8% at the Historical Actual lower end of its historical range. FY2018 FY2018 FY2019 Underlying
Slide 7: Balance Sheet & Key Operating Metrics
Balance Sheet & Key Operating Metrics For personal use only $'000 Balance Sheet FY2019 Actual FY2018 Actual Comments 30 June 2019 30 June 2018 Current assets The Group had cash of $19.55 million at 30 June 2019 up from $13.6 million at 31 Cash and cash equivalents 19,554 19,608 December 2018. Rece
Slide 8: FY19 Market Conditions & NTAW Response
FY19 Market Conditions & NTAW Response For personal use only The Group has been executing various projects to ameliorate negative consequences of anticipated changes in market conditions (e.g. the rise of SUV vehicles, the growing number of 4WD tyre choices). The FY2019 result was adversely affected
Slide 9: FY19 Market Conditions & NTAW Response
FY19 Market Conditions & NTAW Response For personal use only Market Conditions NTAW Response Consumer purchase pathways evolving with online access. Promotional Increased investment in technology (communications, online experiences) and activities covering a wide array of media and other platforms.
Slide 10: FY2020 – Examples of Response Projects
FY2020 – Examples of Response Projects For personal use only Some examples of the responses outlined above are: Accelerating the pace at which new products are released. In FY2019 the Group released Cooper’s AT3 tyre, the Dick Cepek EXP tyre, Dirty Life Alloy wheels, Dynamic’s Trilogy wheel. FY202
Slide 11: Outlook - Operations
Outlook - Operations For personal use only The Group is not expecting profit growth in FY2020: - Market conditions are not likely to improve. In particular, pressure on the supply side (surplus capacity, import pricing from Asia and USA import prices decoupling from Asia together with continued disc
Slide 12: Outlook – Shareholder value
Outlook – Shareholder value For personal use only National Tyre & Wheel Limited NTAW’s share price fell dramatically in FY2019 as investor confidence was shaken by earnings ASX: NTD downgrades. Share price – last 6 months In FY2020 NTAW will focus primarily on tackling the issues that brought about
Slide 13: Appendix
For personal use only Appendix 12
Slide 14: Experienced Management Team & Board
National Tyre & Wheel For personal use only Experienced Management Team & Board Specialised brand building business focussed on tyre and wheel importing & distribution Leading position in 4WD, SUV tyres, steel wheels & OEM wheels and tyres to caravan manufacturers Peter Ludemann Murray Boyte Chief E
Slide 15: Extensive Distribution Platform
Extensive Distribution Platform For personal use only Senior Management team with over 200 years combined tyre and wheel industry experience Over 185 employees in 3 countries 14
Slide 16: A diversified tyre and wheel wholesaler
A diversified tyre and wheel wholesaler For personal use only New Zealand Australia South Africa South Australia 15
Slide 17: Building Leading Brands – Tyres
Building Leading Brands – Tyres For personal use only Exclusive importer and distributor of - Cooper and Mickey Thompson 4WD, SUV and passenger tyres and wheels in Australia, New Zealand and South Africa - All Federal tyres in Australia (ex Qld) and New Zealand (WA is non exclusive) - Mastercraft, D
Slide 18: Building Leading Brands – Wheels & MPC
Building Leading Brands – Wheels & MPC For personal use only Dynamic – specialising in steel wheels in Australia and New Zealand, with products launched in South Africa in FY19. MPC – specialising in OE solutions for caravan and trailer manufacturers in Australia. Proprietary brands (Dynamic and MPC