Annual Meeting 2017 Managing Directors Address Scott Annual - - PowerPoint PPT Presentation

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Annual Meeting 2017 Managing Directors Address Scott Annual - - PowerPoint PPT Presentation

Oct 03, 2023 434 likes •810 views

Annual Meeting 2017 Managing Directors Address Scott Annual Meeting 2017 Outline Performance & Results Operational Review Research & Development Opportunities & Ambitions Outlook Performance highlights Results In the year

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Annual Meeting 2017

Managing Directors Address

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Scott Annual Meeting 2017

Outline

Performance & Results Operational Review Research & Development Opportunities & Ambitions Outlook

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Performance highlights ‐ Results

In the year to 31 August 2017 we : Achieved revenues of $133m –up 18% on 2016 Delivered operating cashflows of $13m with cash reserves of $26m Had a full 12 months contribution from our operations in Germany and converted our Bladestop licence to a full ownership model Delivered Net Profit Before Tax of $15m –up 35% on 2016 Increased annual dividend by 0.5c to 10 cents

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Revenues ‐ Industry Movements 2016 to 2017

132,631 ‐ 1,588 112,044 11,238 6,127 4,104 ‐ 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 2016 sales Other industrial automation Appliances Mining Meat processing High temperature superconductors 2017 sales

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  • Industrial Automation & Robotics +41% yoy

– a full 12 months of Germany – more customers seeking robotic solutions to labour concerns

  • Appliances +30% yoy

– a full 12 months of Germany – several large projects for China and the USA

  • Meat Processing +2% yoy

– activity consolidated following a 256% increase last year – expanding resources for the next phase of growth

  • Mining +18%

– mining upcycle swing across all geographies

Revenues ‐ Industry Movements 2016 to 2017

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Ten year revenue growth profile

CAGR: Compound annual growth rate

‐2,000 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 40,000 60,000 80,000 100,000 120,000 140,000 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17

35% 21% 20% Revenue 5 year CAGR 3 year CAGR Rocklabs Apr 08 Bladestop Oct 16 MAR Jan 15 RobotWorx May 14 JBS buys 50.1% Apr 16 10 year CAGR EBITDA Sales to JBS: $3.2m

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Ten year divisional revenue breakdown

April 2016 JBS acquires 50.1% at $1.39 per share

Aug BD 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Accum growth

$m $m $m $m $m $m $m $m $m $m $ m Meat processing 5 5 6 6 8 8 11 39 40 40 Industrial 2 1 1 5 5 7 29 27 39 39 Mining 9 12 19 28 34 29 14 17 22 26 17 Appliances 16 12 22 16 16 17 29 14 20 26 10 HTS products 2 3 2 2 2 3 2 2 Other 6 3 3 1 1 2 1 1 Total 2 5 3 1 4 7 5 9 6 7 6 3 6 2 7 3 1 1 4 1 3 4 1 0 8 JBS sales 0 .3 3 .2

Acquisitions Rocklabs RobotWorx MAR Bladestop Apr-08 May-14 Jan-15 Oct-16

Revenue CAGR 1 year 3 year 5 year Max. Mining 18% 25%

  • 2%

10% Appliances 30% 39% 12% 10% Meat processing 2% 90% 50% 30% HTS products

  • 48%
  • 8%

3%

  • 5%

Industrial 41% 16% 63% 43% TOTAL 1 7 % 3 5 % 2 1 % 2 0 %

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Ten year Net Profit After Tax growth profile

CAGR: Compound annual growth rate (Revenue)

‐2,000 2,000 4,000 6,000 8,000 10,000 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17

42% 16% 57% 10 year CAGR 5 year CAGR 3 year CAGR Rocklabs Apr 08 Bladestop Oct 16 MAR Jan 15 RobotWorx May 14 JBS buys 50.1% Apr 16

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Share price performance and gross returns

Gross return ( share price and dividends)

Based on a $3.70 share price (23rd Nov 2017)

1 year 3 year 5 year Since Aug 2015 Scott 87% 156% 73% 180% Share price $2.10 $1.65 $2.54 $1.39 Dividends 10.0c 27.5c 45.5c 19.5c 1 year 3 year 5 year NZSE 20% 53% 108%

Out/ under perform ance

67% 102%

  • 34%

$1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00

Nov 12 Mar 13 Jul 13 Nov 13 Mar 14 Jul 14 Nov 14 Mar 15 Jul 15 Nov 15 Mar 16 Jul 16 Nov 16 Mar 17 Jul 17

August 2015 JBS deal announced

Gross return 180%

April 2016 JBS deal approved and completed

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Scott Annual Meeting 2017

Outline

Performance & Results Operational Review Research & Development Opportunities & Ambitions Outlook

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XXX

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Operations – Health & Safety

Commitment by all to safety at work Systems and Processes Monitoring effectiveness Results matter

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Operations – Europe

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Operations – Asia

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Operations ‐ Australia

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Operations ‐ Australia

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Operations – Americas

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Operations – The Americas

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Operations – New Zealand

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Operations – New Zealand

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Operations – New Zealand

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Operational Overview – New Zealand

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Executive Team

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Scott Annual Meeting 2017

Outline

Performance & Results Operational Review Research & Development Opportunities & Ambitions Outlook

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R&D Spend between 5% and 10% of total revenues Demand pull, quick outcomes and collaborative approach Includes:

AGV's Robotics generally Inc. Collaborative and mobile robotics LED automoulding Scott Dairy – milking robots Virtual Reality Advanced vision and sensing technologies

  • DEXA & MEXA (Hyperspectral, 3D time of flight, NMR)

Research & Development

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Operations – New products

Commercialisation RoboFuel Xray Primal Middle system Machine Diagnostic tools and reporting 200 MHz NMR Magnets Chine Bone machine Hammermill Robotic Idler change Beef Rib Cutting

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2017 Projects

INSERT 2 Min video

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Scott Annual Meeting 2017

Outline

Performance & Results Operational Review Research & Development Opportunities & Ambitions Outlook

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Opportunities and Ambitions

SCOTT is overcapitalised and needs to grow

Organic Growth

  • Expand and improve on current activities
  • Ongoing Investment in R&D:
  • Maintenance ‐ to maintain competitive edge
  • Development ‐ to create new opportunities

Acquisitions

  • Complementary to existing business

(Geography/technology/skills/markets)

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key product drivers in the short to medium term – market

  • pportunities for :
  • Bladestop

Key Product Drivers / Market Opportunities

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key product drivers in the short to medium term – market

  • pportunities for :
  • Bladestop
  • Increasing adoption of meat automation technology:
  • Lamb in Australasia
  • Started with Beef in Australia
  • Development work in Pork and Poultry in USA and Europe

Key Product Drivers / Market Opportunities

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key product drivers in the short to medium term – market

  • pportunities for :
  • Bladestop
  • Increasing adoption of meat automation technology:
  • Lamb in Australasia
  • Started with Beef in Australia
  • Development work in Pork and Poultry in USA and Europe
  • DEXA – Australia developments and wider interest

Key Product Drivers / Market Opportunities

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key product drivers in the short to medium term – market

  • pportunities for :
  • Bladestop
  • Increasing adoption of meat automation technology:
  • Lamb in Australasia
  • Started with Beef in Australia
  • Development work in Pork and Poultry in USA and Europe
  • DEXA – Australia developments and wider interest
  • Mining technology developments

– robofuel – Robotic idler change

Key Product Drivers / Market Opportunities

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Scott Annual Meeting 2017

Outline

Performance & Results Operational Review Research & Development Opportunities & Ambitions Outlook

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Outlook ‐ 2017

Market Overview:

Forward project work – 10 Months Substantial sales pipeline Diversification Strong balance sheet to leverage off

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Thank you

Scott Annual Meeting 2017