For personal use only
17 February 2022
Company Announcements Office
Australian Securities Exchange
Level 4
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
FY22 Half-year investor presentation
Please find attached a copy of Codan Limited's investor presentation dated 17 February 2022 for release to the market.
Yours faithfully
Michael Barton
Company Secretary
On behalf of the Board
This announcement was authorised for release to the market by the Board of Directors.
Codan is a technology company that develops robust technology solutions to solve customers' communications, safety, security and productivity problems in some of the harshest environments around the world.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:-
Michael Barton | Kayi Li |
Company Secretary & CFO | Manager, Investor Relations |
Codan Limited | Codan Limited |
(08) 8305 0392 | (08) 8305 0392 |
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FY22 HALF YEAR RESULTS AND UPDATE
IMPORTANT NOTICE AND DISCLAIMER
Disclaimer
This presentation has been prepared by Codan Limited (ABN 77 007 590 605) (Codan). The information contained in this presentation is for information purposes onlyonly and is not investment, financial product, legal or tax advice.
This presentation contains summary information about the current activities of Codan and its subsidiaries. The information in this presentation does not purport to be complete nor does it purport to contain all the information that a prospective investor may require in evaluating a possible investment in Codan. This presentation should be read in conjunction with Codan's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au.
Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to usechange without notice. Codan is not responsible for providing updated information to any prospective investors.
Pa t performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. The historical information in this presentation is, or is based upon, information that has been released to the market. For further information, please see past announcements released to ASX.
This presentation may contain forward‐looking statements with respect to the financial condition, results of operations, business of Codan and certain plans and objectives of the management of Codan. Actual outcomes may differ materially from forward-looking statements. Forward-looking statements, opinions and estimates provided in this presentation are likely to involve uncertainties, assumptions, contingencies and other factors. As a result, unknown risks may arise, many of which are outside the control of Codan. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Codan disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Sh uld you have any specific queries in respect of this disclaimer please contact Codan directly.
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ALF IANNIELLO
Managing Director & CEO
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• | 20 years of MD/CEO experience |
• | Qualified electronics engineer |
• 12-year international career - who | |
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understands technology, manufacturing | |
and defence |
• | Aligned with Codan's unique winning culture |
• | Demonstrated CEO track record of growing |
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businesses through leveraging innovation |
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FY22 HALF YEAR SUMMARY
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Highest half-year profit in the company's history More balanced, diversified and stable sales across the Codan group
DTC secured Codan's largest contract award in the company's history
Recent acquisitions, DTC and Zetron both tracking ahead of first year profit targets Communications forward orderbook of $163 million, of which $71 million expected to ship H2 FY22
Excellent results from Minelab given geo-political disruptions and return to more normal levels of demand after the Covid impacted FY21
Our planned investment in inventory places the Group in a strong position as we enter H2 FY22
Sales | EBITDA | NPAT | EPS |
$256.8m | $83.1m | $50.1m | 27.6 cents |
Increased by 32% | Increased 20% | Increased by 21% | Increased by 21% |
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Codan Limited published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 22:33:13 UTC.