Woodward Partners Australian Investor Roadshow
Automation + Robotics
Investor Roadshow
Chris Hopkins, CEOOctober 2017
Vision ‐
Where we want to be
Mission
‐
How we going to get there
•
Automation + Robotics engineers.
•
Make things
•
423 staff ‐mostly engineers
•
Manufacture in Australia, NZ, USA, China and Germany
•
Sell Globally to Target Industries:
Appliances
Mining
Meat Processing
Industrial Automation (Robotics)
Scott –What we do
Skill and Expertise in:
•
Machinery
•
Robots
•
AGV's
•
Sensing and Imaging
•
X‐ray, including Dual Energy X‐Ray (otherwise known as DEXA)
•
Mechanical and Electrical Design
•
Factory Control Systems
•
Installation, Commissioning, Service and Maintenance.
Scott –Our skills and capabilities
•
Process improvement
•
Engineering design & technology = better outcomes.
•
Better outcome : Increased Productivity
•
more throughput; or
•
increased quality or
•
increased yield.
•
Easier, better and safer for customers
e.g. For meat processors this means:•
more meat off the bone,
•
less meat down the waste belt or
•
better cut optimisation and
•
better information.
Scott –Why we do what we do
Scott Brand VideoView our brand video
HERE
Capital Structure
• NZX Ticker Code: SCT• 74.7 million shares on issue• Market Cap is $250m (@3.35)
Share price chart 3 years
Holdings:
• JBS Australia
50.5%
• Oakwood
7.4%
• J Urquart Estate
2.7%
• BNP Paribas Nominees 2.7%• 20 Largest hold 76%
Corporate Structure Board of Directors
Stuart McLauchlanChairman
Chris HopkinsManaging Director / CEO
Mark WallerIndependent Director
Brent EastwoodDirector
Andre NogueiraDirector
Edison AlvaresDirector
Christopher StaynesIndependent Director
John BerryAlternate Director
Nogueira, Alvares and Eastwood are JBS Directors Berry is an alternate for the JBS Directors
Expectations and intentions as laid out at the time : “it is important the unique culture and character of Scott rema
ins intact,
independent and subject to normal business forces; and market t
ensions”
Governance by JBSManagement and Operations by ScottJBS Opportunity sits on top of strategy –doesn’t change it
JBS Scott steering group established to guide & driveScale –repeatable technology / developmentsPartners working together –access to inside and industry thinki
ng
JBS Shareholding
Highlights:
Revenues up 18% to $133m
NPBT up 35% to $15m
EBITDA increase to $18m
Operating cashflowof $13.4m
Debt free with cash reserves of $26m
2017 Results ‐Financial Highlights
•
Substantial revenue growth across a range of sectors and geographies.
•
Stable margins while constraining operating expenses to expand net results.
•
Substantial growth in Australasian Manufacturing output.
•
Final dividend 6.0 cents per share; increasing the total dividend at 10.0 cents per share
2017 Results –Year to 31 August 2017
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
•
Industrial Automation & Robotics +41% yoy
–
a full 12 months of Germany
–
increased activity in the USA and Australian markets as more cu
stomers
seek 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
Revenues ‐Region Movements 2016 to 2017
132,631
1,828
9,281
112,044
10,799
7,094
6,832
3,635
2,487
849
‐
‐
‐
20,000 40,000 60,000 80,000
100,000 120,000 140,000 160,000
2016 sales Australia and
Pacific Islands
Other Europe Asia
North
America,
including
Mexico
Russia and
former states
Africa and
Middle East
South America New Zealand 2017 sales
GroupSales by Customer Industry
0%
5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
Appliance Systems
Meat Processing
Mining
Superconductors
Industrial Automation & Robotics
% of total sales
2017
2016
2015
2014
Group Sales by Region
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
New Zealand
North America including Mexico
Australia and Pacific Islands
South America
Asia
Russia and former states
Africa and Middle East
Other Europe
% of total sales
2017
2016
2015
2014
key product drivers in the short to medium term –market opportunities for :•
Bladestop
Key Product Drivers / Market Opportunities
key product drivers in the short to medium term –market opportunities for :•
Bladestop
•
Increasing adoption ofmeat 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
key product drivers in the short to medium term –market opportunities for :•
Bladestop
•
Increasing adoption ofmeat 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
key product drivers in the short to medium term –market opportunities for :•
Bladestop
•
Increasing adoption ofmeat 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
R&D Spend between 5% and 10% of total revenuesDemand pull, quick outcomes and collaborative approachIncludes:
AGV'sRobotics generally Inc. Collaborative and mobile roboticsLED automouldingScott Dairy –milking robotsAdvanced vision and sensing technologies
Research & Development
•
Forward Project work of approx. 10 months
•
Substantial pipeline for sales prospects spread across range of industries and geographic industries
•
Diversification strategy delivering and continuing verticals –closing gaps in offerings
•
Continuing organic growth
•
Strong balance sheet puts Scott in a position to acquire to expand tech offering and broaden geographic reach
Outlook
Innovators in Automation
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.