Coventry Group Limited · ASX:CYG
Coventry — H1 FY2018 Earnings Presentation
13 slides from Coventry's earnings presentation, Feb 23, 2018
Slide 1: Investor presentation: Half year results to 31 December 2017
For personal use only Investor presentation Half year results to 31 December 2017 1
Slide 2: Group structure and vision
Group structure and vision For personal use only Trade Distribution Australia and New Zealand 2
Slide 3: FY18 half year overview
FY18 half year overview For personal use only • Trading performance of the Group has improved in the first half of FY18. • 2 minor Lost Time Injuries in FY18. • Sales +9.8% (excluding the non-continuing operations of AA Gaskets) • The Group is committed to the health, safety and well to $83.7m ($76.
Slide 4: Financial KPI's
Financial KPI’s For personal use only Group revenue % change Underlying EBIT $ m Net profit/(loss) $ m 9.8% -6.1 -3.0 -1.7 • All key financial key performance 8.7 indicators are -22.2 -13.5 positive. -7.5% -0.9% • Revenue growth of +9.8%. • Underlying EBIT 1H F17 vs 1H F16 2H F17 vs 2H F16 1H F18 vs
Slide 5: Trade Distribution
Trade Distribution For personal use only ($m) 1H FY17 1H FY18 % change Revenue 50.6 52.7 4.1% EBIT (underlying) -3.4 -1.9 43.8% • Trade Distribution (TD) supplies a range of fastening systems and related products to trade customers across Australia and New Zealand. Key markets are industrial, constr
Slide 6: Trade Distribution Australia
Trade Distribution Australia For personal use only ($m) 1H FY17 1H FY18 % change Revenue 37.1 37.8 1.9% EBIT (underlying) -4.5 -3.4 24.4% • Trade Distribution Australia (TDA) supplies a range of fastening systems and related products to trade customers through a network of 48 branches. Key markets a
Slide 7: Trade Distribution New Zealand
Trade Distribution New Zealand For personal use only ($m) 1H FY17 1H FY18 % change Revenue 13.5 14.9 10.2% EBIT (underlying) 1.1 1.5 36.4% • Trade Distribution New Zealand (TDNZ) supplies a range of fastening systems, construction and other related products to trade customers through 14 branches acr
Slide 8: Cooper Fluid Systems
Cooper Fluid Systems For personal use only ($m) 1H FY17 1H FY18 % change Revenue 25.6 31.0 21.0% EBIT (underlying) 1.1 2.3 104.5% • Cooper Fluid Systems (CFS) design, manufacture, install, repair and supplies hydraulic, pneumatic, fluid transfer, refueling, fire suppression and lubrication systems a
Slide 9: AA Gaskets
AA Gaskets For personal use only ($m) 1H FY17 1H FY18 % change Revenue 8.2 7.3 -11.3% EBIT (underlying) 1.7 1.6 -3.7% Note: FY17 includes 6 months trading compared to FY17 5 months • Sale of non-core business to GUD Holdings Limited. Enterprise Value of $22.0m. • Funds received by Coventry Group Ltd
Slide 10: Corporate
Corporate For personal use only ($m) 1H FY17 1H FY18 % change Revenue 0.0 0.0 0.0% EBIT (underlying) 5.2 3.7 -28.9% • Significant reduction in operating costs across a range of expense categories. • Includes $500k income from insurance claim for 2017 cyber attack. • Income from the Redcliffe propert
Slide 11: Balance sheet
Balance sheet For personal use only ($m) Jun-16 Jun-17 Dec-17 • Net Assets of $64.0m (Jun 17: $61.6m) Cash & cash equivalents 3.5 5.1 6.3 • NTA per share of $1.39 (Jun 17: $1.30) Inventories 57.4 49.3 44.8 Trade and other receivables 30.8 29.3 31.7 • Inventory levels have increased in the branch net
Slide 12: Summary
Summary For personal use only • Management team continues to be strengthened and place focus on sales growth and sustainable profitable growth. • The Group is experiencing solid sales growth which continued in January 2018. • We are continuing to fine tune the TDA strategy to fast track progress to
Slide 13: Disclaimer
Disclaimer For personal use only Reliance on third party information The information and views expressed in this Presentation were prepared by Coventry Group Ltd (the Company) and may contain information that has been derived from publicly available sources that have not been independently verified.