For personal use only
IVE Group Limited 2021 Annual General Meeting
Chief Executive Officer's Presentation Matt Aitken
23 November 2021
Annual General Meeting 23 November 2021
For personal use only
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Contents
Financial performance dashboard | 3 |
Key business highlights | 4 |
Revenue diversification | 7 |
Strategy, diversification and | 8 |
growth opportunities | |
Enhancing and amplifying Lasoo | 9 |
Trading update for the 4 months | 10 |
ended 31 October 2021 | |
Supply chain: opportunities and challenges | 11 |
Major H2 initiatives | 12 |
Outlook | 15 |
For personal use only
Annual General Meeting 23 November 2021
Financial performance dashboard
EBITDA | MARGIN | NPAT | |
$100.2m | $30.2m | ||
REVENUE | GROSS PROFIT | ||
$656.5m | (including JobKeeper) | 48.1% | (including JobKeeper) |
(3.1% decrease on PCP) | $85.3m | (46.2% PCP) | $19.9m |
(excluding JobKeeper) | (excluding JobKeeper) |
EARNINGS | NET DEBT | ||
OPERATING | $77.3m | FULL YEAR DIVIDEND | |
PER SHARE* | |||
CASHFLOW | 14.0c | ||
(excluding JobKeeper) | |||
(excluding AASB16) | |||
13.5c | |||
$97m | CASH ON HAND | PER SHARE FULLY | |
(8.4% increase on PCP) | $107m | FRANKED | |
*EPS based on NPAT/weighted average shares on issue.
- The underlying financial results are on a non-IFRS basis and are not audited or reviewed
- The underlying results are a continuing operations basis and exclude non-operating items
- Underlying results include net JobKeeper receipts in H1 of $14.9m
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For personal use only
Annual General Meeting 23 November 2021
Key business highlights
Earnings guidance met, strong cashflows deliver increased balance sheet strength and demonstrate underlying resilience
Strong operating performance
- Delivered on earnings guidance - EBITDA $100.2m
- Improved margins notwithstanding reduced revenue, achieved through flexing cost base and supply chain
- Strong results in challenging environment demonstrate resilience of the business
- Staff at all levels responded very well to the unprecedented and volatile operating environment
Strategic initiatives
- The divestment of IVE Telefundraising in October 2020 for consideration of $16.5m represented a profit on sale of $4.2m
- Entered into long-term contract with Australian Community Media (ACM) on 30 October 2020, with expected revenues of circa $100m over the five-year term. To support ACM's requirements, and further enhance service to clients, we acquired selected assets of ACM's web offset operation in WA for a purchase consideration of $2m
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Annual General Meeting 23 November 2021
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5
Balance sheet further strengthened
- Strong cashflow generation, operating cashflow conversion of 131%
- Net Debt reduced by $59.8m from $137.1m (30 June 2020) to $77.3m
- Cash balance at 30 June 2021 of $107m
- Net debt to pre AASB16 EBITDA excluding JobKeeper of 1.3x (target net debt of 1.5x)
- $50m of senior debt facility was repaid on 6 August 2021
Improving shareholder returns
- EPS growth over PCP of 8.4%
- Resumption of dividends in H1 FY21 with final dividend declared of 7 cents per share fully franked, with a full year dividend of 14 cents per share fully franked
- ROFE of 15%
- The Company announced a share buyback on 12 November 2020. As at 25 August 2021, the Company has acquired 5.4m shares at a total cost of $7.4m (average price of $1.37 per share). This represents 3.6% of issued capital
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IVE Group Ltd. published this content on 22 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2021 22:38:16 UTC.