Schaffer Corporation Limited · ASX:SFC
Schaffer — Shareholder Meeting (November 2021)
25 slides from Schaffer's shareholder meeting presentation, Nov 17, 2021
Slide 1: ASX Market Announcements
17 November 2021 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: 2021 Annual General Meeting
2021 ANNUAL GENERAL MEETING 17 November 2021 Creating long-term shareholder value through the efficient operation of our businesses and growth in our investments
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Schaffer Corporation Limited ACN 008 675 689 (“The Company”) for information purposes only. This presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recomm
Slide 4: Chairman's Address
2021 ANNUAL GENERAL MEETING Chairman’s Address
Slide 5: Group Consolidated Financial Performance
Group Consolidated Financial Performance Full Year Ending June 2021 June 2020 % change NPAT1 up $15.2 million, +65% Revenue ($m) $196.3 $155.6 26% § 38% increase in Automotive Leather profit compared to Covid- NPAT1 ($m) $38.8 $23.6 65% 19 impacted FY20 § Unrealised, non-cash net gains for the Group
Slide 6: Total Shareholder Return
Total Shareholder Return Value of $100K invested In SFC (Sep-2011) and Gross Dividend History § 5-year TSR to September $1,000,000 $1.40 2021 an outstanding 47% $1.29 p.a. $900,000 $1.14 $1.20 § $100,000 invested in SFC in September 2011 would $800,000 $0.39 be worth $882,000* by $1.00 September 202
Slide 7: Use of Cash and Net Debt Overview
Use of Cash and Net Debt Overview Full-Year Ending ($m) June-2021 June-2020 Total Cash Generated1 59.9 22.9 Less: Cash Paid to SFC Shareholders & Minorities (14.2) (20.0) Dividends paid to SFC Shareholders (10.9) (11.7) Dividends paid to Minorities (3.7) (5.5) (Share Buy-Back) / Exercise of options
Slide 8: Automotive Leather
Automotive Leather New Range Rover – Launching now Annual General Meeting NOVEMBER 2021 7
Slide 9: Automotive Leather – FY21 Results
Automotive Leather – FY21 Results FY21 strong recovery compared to severely impacted Full Year Ending June 2021 June 2020 Covid-19 FY20 § Significant increase in volumes drove a 27% Revenue ($m) $165.2m $130.1m increase in revenue and 38% increase in NPAT. § The global automotive industry recovered
Slide 10: Automotive Leather – Impact of Semiconductor chip shortage
Automotive Leather – Impact of Semiconductor chip shortage “The chip shortage remains dynamic and difficult to forecast, however, the company expects semiconductor shortages to gradually ease over the next 12 months”. “The Company continues to see strong demand for its products with global retail or
Slide 11: Automotive Leather – FY22 First Half Update
Automotive Leather – FY22 First Half Update § Visibility is still low and guidance is difficult § Demand for new vehicles is strong. § Inflationary cost pressures: hides, chemicals and freight § Supply chains disruptions and elongation § Current expectations H1 FY22: § Revenue to be around $55 - $60
Slide 12: Automotive Leather
Automotive Leather Annual General Meeting NOVEMBER 2021 11
Slide 13: Automotive Leather
Automotive Leather Annual General Meeting NOVEMBER 2021 12
Slide 14: Group Investments
Group Investments NPAT increased by $6m Full Year Ending June 2021 June 2020 § NPAT of $16.1m includes: Revenue ($m) $14.6 $7.7 § unrealised, non-cash gains from the revaluation of Segment NPAT1 ($m) $16.1 $10.1 equity investments of $10.7m after tax (FY20: $8.5m) – primarily HTG2 § realised profit
Slide 15: Group Investments
Group Investments Pre-Tax Net Equity Value1 Increase ($m) – FY17 to FY21 $191.7 § We continue to grow Group Investments, investing opportunistically with the $20.6 $162.6 objective to maximising shareholder value over the medium and long-term $24.4 19% $134.4 $56.4 § Pre-Tax Net Equity Value has gro
Slide 16: Jandakot Road Property
Jandakot Road Property A large strategic property asset located between two freeways and 15 minutes south of the Perth CBD. § Approximate developable lot area of 34ha after allowing for internal and external roads, drainage, buffers and the Bush Forever area. § Allowable uses are Warehouses, Showroo
Slide 17: Delta
Delta Summary Full Year Ending June 2021 June 2020 § Delta returned to profit for H1 and was close to break even for H2. Revenue ($m) $16.5m $17.8m § A large infrastructure project, Evolve Bayswater Station, that was due Segment Underlying NPAT1 ($m) $1.0m ($0.6m) to commence during H2 was delayed.
Slide 18: Example Of Complexity – Bayswater Station
Example Of Complexity – Bayswater Station New Bayswater Station (Source: Metronet) Annual General Meeting NOVEMBER 2021 17
Slide 19: Conclusion
2021 ANNUAL GENERAL MEETING Conclusion
Slide 20: Questions
2021 ANNUAL GENERAL MEETING Questions
Slide 21: 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 2021 This item does not require voting by shareholders Annual General Meeting NOVEMBER 2021 20
Slide 22: 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: “That Mrs Danielle Blain AM who retires in accordance with the Company’s constitution and, being eligible for re-election, be re-elected as a Director” Proxies
Slide 23: 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: “That Mr Anton Mayer who retires in accordance with the Company’s constitution and, being eligible for re-election, be re-elected as a Director” Proxies receive
Slide 24: 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 2021 be adopted” Proxies received and accepted for Resolution 3 Adopt Remuneration For Against
Slide 25: Conclusion of AGM
2021 ANNUAL GENERAL MEETING Conclusion of AGM