Group Annual Results Presentation for the year ending 30 April 2017 - - PowerPoint PPT Presentation

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Group Annual Results Presentation for the year ending 30 April 2017 - - PowerPoint PPT Presentation

Jan 11, 2024 502 likes •808 views

HOLDINGS LIMITED Group Annual Results Presentation for the year ending 30 April 2017 Agenda HOLDINGS LIMITED Financial review Deconsolidation Restructuring of debt Divisional overview Satellite Electrical

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SLIDE 1

Group Annual Results Presentation for the year ending 30 April 2017

HOLDINGS LIMITED

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SLIDE 2

Agenda

  • Financial review
  • Deconsolidation
  • Restructuring of debt
  • Divisional overview
  • Satellite
  • Electrical
  • Lighting
  • Corporate
  • DTT
  • Future product
  • Conclusion

HOLDINGS LIMITED

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SLIDE 3

Key Achievements

Achievements

  • Restructuring of debt
  • Optimization - Lowering of stock
  • Reduction of operational cost
  • New product possibilities

HOLDINGS LIMITED

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SLIDE 4

Financial Results Key Indicators

HOLDINGS LIMITED

2017 2016

  • Turnover

2% (Rm) 1 331 (Rm) 1 362

  • Loss after tax

52% (Rm) (249) (Rm) (514)

  • Cashflow from operating activities

338% (Rm) 53 (Rm) (23)

  • Headline loss

87% (Rm) 46 (Rm) 334

  • Headline loss-consumer*

72% (Rm) (13) (Rm) 18

  • Headline loss per share

87% (Rm) 7.45 (Rm) 57.35 *Impairment of inventory (50) (8), Retrenchments (11) (0)

Improvement Deterioration

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SLIDE 5

Financial Results Key Indicators

HOLDINGS LIMITED

2017 R’000 2016 R’000 Revenue 1 331 1 362 Gross Profit 336 406 Gross Profit Percentage 25% 30% Operating Expenses (27%) (29%) (360) (388) Loss for the period (249) (514)

**Extracts from statement of profit and loss and

  • ther comprehensive Income
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SLIDE 6

Goods and Goods and services services R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 Revenue 1,163,313

  • 166,668

1,329,981 1,143,762

  • 184,530

1,328,292 Cost of sales

  • 846,859
  • 132,561
  • 979,420
  • 775,346
  • 141,380
  • 916,726

Gross (loss)/profit 316,454

  • 34,107

350,561 368,416

  • 43,150

411,566 27% 0% 20% 26% 32% 0% 23% 31% Other income

  • 3,980

8,855

  • 4,875
  • 1,722

11,468

  • 9,746

Operating expenses

  • 315,441
  • 5,980
  • 31,581
  • 353,002
  • 329,970
  • 3,647
  • 26,613
  • 360,230

27% 0% 19% 27% 29% 0% 14% 27% Depreciation

  • 5,215
  • 397
  • 4,948
  • 10,560
  • 8,496
  • 417
  • 4,611
  • 13,524

Operating (loss)/profit before impairment

  • 8,182

2,478

  • 2,422
  • 8,126

28,228 7,404 11,926 47,558 Impairments

  • 17,614
  • 17,181
  • 34,795
  • Loss from operations
  • 25,796
  • 14,703
  • 2,422
  • 42,921

28,228 7,404 11,926 47,558 Interest received 2,867

  • 2,867

2,315

  • 13

2,328 Interest paid

  • 2,789
  • 8,593
  • 11,388
  • 22,770
  • 8,130
  • 8,341
  • 10,951
  • 27,422

Share of losses from associates

  • 2,427
  • 2,427
  • 2,601
  • 2,601

Profit/(loss) before taxation

  • 28,144
  • 23,296
  • 13,809
  • 65,249

19,812

  • 937

988 19,863 Taxation 9,578 5,022 47 14,647 2,098 288

  • 3,930
  • 1,544

Loss for the year

  • 18,566
  • 18,274
  • 13,762
  • 50,602

21,910

  • 649
  • 2,942

18,319 Adjustements Impairments

  • 34,795
  • Inventory provision
  • 50000

8000 Retrenchment provision

  • 11000
  • Taxation

14,647

  • 1,544

Normalised 30,546 27,863 Botjheng cash burn R200k per month Total 2017 2016 Consumer Profit and loss statement Properties Manufacturing Consumer Properties Manufacturing Total

Financial Results Key Indicators

HOLDINGS LIMITED

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Statement of financial Goods and Goods and position services services R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 585145 66891 104798 756834 618539 86057 114028 818624 Fixed assets 21377 32182 22933 76492 26494 76891 19205 122590 Trade and other receivables 180349 667 9198 190214 124867 3330 15371 143568 Inventories 303577 70925 374502 380358 79433 459791 Bank and cash balances 14417 513 205 15135 10745 124 19 10888 Non-current assets held for sale 27130 27130 5667 5667 Other assets 65425 6399 1536 73360 76075 45 76120 313717 38643 46546 398906 240863 49580 31093 321536 Long-term liabilities 599 30090 30689

  • 533

37100 36567 Trade and other payables 120487 218 40962 161667 92360 518 26744 119622 Bank overdraft 120410 120410 136623 136623 Other liabilities 72221 8335 5584 86140 12413 11962 4349 28724 Net assets 271429 28248 58252 357929 377676 36477 82935 497088 Inventory 102 126 Creditors 44 33 Debtors 52 39 Working capital days 110 133 Target 100 Consumer Properties Manufacturing Total 2016 Consumer PropertiesManufacturing 2017 Total

Financial Results Key Indicators

HOLDINGS LIMITED

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Deconsolidation

HOLDINGS LIMITED

  • Company applied IFRS 10 de-consolidate when an entity

losses control and IFRS 5, restating for discontinued

  • perations

No longer on our balance sheet as at 30 April 2017 (deconsolidated)

  • Megatron SA (Pty) Ltd was placed under control of a

Business Rescue Practitioner

  • Megatron Towers (Pty) Ltd was placed under control of a

Liquidator

  • Megatron Namibia (Pty) Ltd sold
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Deconsolidation

HOLDINGS LIMITED

Infrastructure Deconsolidated Deconsolidated at R178 million loss Continuing

  • Botjheng Water (Pty) Ltd:-
  • Lombards performance guarantee R17,5m called
  • Remains operational off low cost base to finish legacy

projects

  • Maintain claim against partner (complete April 2018)
  • Deconsolidation - net profit of R83m will be realised
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Restructured Debt

HOLDINGS LIMITED

  • Standard Bank restructured the companies debt that includes

contamination of Megatron R60m

  • R170 - 5yrs term debt
  • R85m bullet
  • R85M amortising loan
  • R135 - short term facility
  • Levels of financial covenant reset to fit financial model &

base case financial performance outlook.

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Divisional Overview

  • To remain the same for retail
  • Bigger concentration on Independents per category
  • Big drive on corporate offerings

HOLDINGS LIMITED

Sales

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Divisional Overview

  • Previous year: Sales increased on DSTV product
  • Introduction of a fully installed explorer
  • New initiatives to grow into informal sector
  • Increase connectivity offering

HOLDINGS LIMITED

Satellite

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Divisional Overview

  • Decline due to low cost product
  • Inefficient monitoring by NRCS
  • New designs – USB
  • New moulds
  • Retail indents

HOLDINGS LIMITED

Electrical

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Divisional Overview

  • Lamp for life sales lower than predicted
  • Residential lamp : Better Performance
  • OEM lighting product
  • Floodlight range – new ALS range
  • Mighty light solar floodlights
  • 20 new technology products in the last year
  • Duties

HOLDINGS LIMITED

Lighting

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Corporate

HOLDINGS LIMITED

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Divisional Overview

HOLDINGS LIMITED

Corporate

  • Lighting
  • New highbays, integrated fittings & floods
  • Competitive pricing
  • Traction with larger corporations
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Office Lighting Malls & Retail Stores

HOLDINGS LIMITED

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Food Retail Restaurants

HOLDINGS LIMITED

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Showroom

HOLDINGS LIMITED

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Divisional Overview

  • DSTV went onto new satellite now

using high band & low band

  • New fibre & SatCR offerings
  • Collaboration with fibre companies

HOLDINGS LIMITED

TV Distribution

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Divisional Overview

HOLDINGS LIMITED

Audio

  • Continue to install and supply to most

retail shops

  • Increased offering , now doing AV
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Solar

HOLDINGS LIMITED

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Divisional Overview

HOLDINGS LIMITED

Solar

  • Competitive price offerings
  • Partnered with finance solution companies
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  • Drive on installations 500 000 by year end
  • Halt on manufacturing
  • New tenders on set top boxes
  • Future?

HOLDINGS LIMITED

DTT

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HOLDINGS LIMITED

New Products

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  • New Products
  • Arrival of IPTV
  • Roku
  • Netflix, Kwese, NBA
  • All things wireless

HOLDINGS LIMITED

New Products

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Conclusion

  • Dealing with the last of infrastructure
  • Reinvented ourselves – leaner and meaner
  • Aligned to market
  • Install confidence in the brand
  • Build investor confidence

HOLDINGS LIMITED

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Thank you for your attendance and participation

For any further Investor Relations Questions please contact: Wayne Samson Group CEO 011 490 3840 Lynne Bothma Keyter Rech Investor Solutions 087 351 3815

HOLDINGS LIMITED