Company Update to Investors in Melbourne

Scott Presents
With MoelisNovember 2019

•Specialist provider of “end-to-end” automation and robotics solutions
•Headquartered in Dunedin, New Zealand
•Global presence –12 Countries , 20+ locations, ~800 employees
•Customers in over 80 countries
•Strong organic growth, supplemented by acquisitions
Overview
FY19 revenue$225m
FY19 revenue growth24%
5-year revenue CAGR33%
10-year revenue CAGR19%
Sales to JBS$6m
FY19 EBITDA$20m
FY19 R&D expense$14m
Key financials (NZ$m)
Scott Technology / Snapshot
Revenue mix (FY2019)
Market statistics
Revenue by industryRevenue by GeographyRevenue by contract type
Long term
contracts
57%
Standard
equipment
28%
Short term projects
and service work
15%
Europe
33%
North America
31%
Australia...
Asia
5%
New
Zealand...
Russia
3%
Africa
2%
South ...
Appliances
20%
Materials
handling
and ...
Meat Processing
15%
Mining
14%
Other industrial
automation
(including ...
TickerSCT.NZ
MarketCap (11 Nov2019)NZ$193m
Substantial shareholders
JBS Australia51%
Oakwood Securities7%

Global demand for industrial robots
2012 -2017 CAGR -19%

key drivers in the short to medium term –market
opportunities for :
•Industrial automation demand continues to
intensify
–Shortage of labour, declining unemployment rates,
aging population
–Manufacturing work forces are struggling to keep up with consumption growth
–Job preferences of millennials
–High staff turnover becoming the norm (labour turnover rates in the meat processing
industry have increased from 1.0%-1.5% per week to 2.0-2.5% per week; This turnover
can represent up to 4% of total processing costs);
–Productivity and Profitability
–Yield and Quality
–Health & Safety
Key Product Drivers / Market Opportunities

Turnkey: Design –
Manufacture –Service
Palletisers and depalletisers,
conveyors, stacker cranes,
order preparation systems
In-house software
AGV Specialist
Turnkey: Design –
Manufacture –Service
Customers globally
Manufacturing facilities in
Europe, China, Australia
and NZ
Smart automation
solutions by vision and
sensing
Customised systems for
almost any application
Mobile robotics
Refurbishing and spare
parts
Advanced carcass
measurement
Process optimisation
Yield improvements
Proven quality and safety
improvements
Automation technology for
sample preparation and field
automation
A new standard in safety and
yield
Automation delivering success
Our Industry Overview
Materials
handling &
logistics
Industrial
Automation &
Robotics
Meat Processing
Appliances
Metal Forming
Mining
Automation

•R&D expenditure of between 5% and 10% of total revenues
–$14m spend in FY19 (6% of revenue)
•Sizeable IP Portfolio with a range of Trademarks and approx. 50
inventions with 200 patents covering almost 30 countries
•Demand pull, quick outcomes and collaborative approach
•A diverse range of areas including:
•AGV's
•Robotics generally including collaborative and mobile
robotics
•Digital image analysis
•Advanced vision and sensing technologies
•Software for end to end solutions
Our commitment to developing and bringing new technology to market is real.
We invest a significant portion of our revenue into searching for better ways of doing things
Research & Development

Revenue Growth Profile
-5,000
0
5,000
10,000
15,000
20,000
25,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
220,000
240,000
FY10FY11FY12FY13FY14FY15FY16FY17FY18FY19
30%
33%
19%
Revenue
5 year rev CAGR
3 year rev CAGR
Bladestop
Oct 16
MAR
Jan 15
RobotWorx
May 14
Somako
May 16
10 year rev CAGR
2H EBITDA1H EBITDA
Alvey: Apr 18
Transbotics: Jun 18
EBITDA
Revenue

Melbourne,Australia
AUSTRALIA
Shanghai,China
ASIA
Qingdao,China
Wellington, NewZealand
Vancouver,Canada
Brisbane,Australia
Sydney,Australia
Perth,Australia
SOUTHAMERICA
Santiago,Chile
NEWZEALAND
Auckland, NewZealand
Christchurch, NewZealand
Dunedin, NewZealand
NORTHAMERICA
Marion,Ohio
Marseille,
France
Ploemeur,
France
EUROPE
Deerlijk,
Belgium
Kürnbach,
Germany
CzechRepublic
UK
Charlotte, NorthCarolina
OUR GLOBALPRESENCE

Sector Revenue Breakdown
Sector Revenue
April 2016
JBS acquires 50.1% at $1.39 per share
Aug balance date
2010201120122013201420152016201720182019
Accum growth
$m$m$m$m$m$m$m$m$m$m
$m
Meat processing566881139404535
30
Industrial138793131403654
53
Mining19283429141722263330
11
Appliances22161617291420264145
24
Materials handling2761
61
Total475464606072112133182225
179
Sales to JBS 0.33.25.66.2
AcquisitionsRobotWorxMARSomakoBladestopAlvey
May-14Jan-15May-16Oct-16Apr-18
RocklabsTransbotics
1 April 2008Jun-18
Revenue CAGR1 year3 year5 year10 year
Meat processing-23%-7%33%27%
Industrial52%16%15%27%
Mining-9%7%16%5%
Appliances11%31%35%9%
TOTAL24%30%33%19%

Strategy -to build a global company that has a sufficient presence,
scale and technology to produce profitable growth.
•Core technologies have largely been developed
•Focus for 2020:
•Repeat, profitable, sales of developed and proven technology
•Taking Pork, Poultry and Beef developments to market
•Growing service and maintenance revenues
•Reviewing all areas of operations to improve bottom line
Strategy & Focus

Lamb–Proven with small addressable market
Beef–development underway will be prototypes over next
few years. Market size large (10x Lamb)
Pork–started with Primal cutting based on lamb Xray–
primal knowhow. First system in 2020. Addressable market
$200 –$500 million (hundreds of multi million dollar
systems.
Poultry –proof of concept delivered with first commercial
system build underway. Addressable market $20m+ over
next three years with other similar systems to follow.
Opportunities for Meat Processing Sector

Scott Position in Market
few competitors
Many competitors
developing
developed
Scott systems for meat processors
Technology Readiness

RoboPrep (robotic sample preparation systems for
Laboratories) –System technology (Hardware and
Software) now proven with multiple installs planned for
2020. Addressable market $20m -$50m per annum.
Automated Fire Assay–first commercial system delivered
to Gold miner in Mexico.
Robotic Refuel–Leading miners trialed and first
commercial order taken in 2019. Addressable market $50 –
$100 million.
Opportunities for Mining Sector

Automated Guided Vehicles (“AGVs”) –Growing footprint
for specialised vehicle technology. (Hardware and
Software) well established with repeat bluechipcustomers.
Demand for AGV’s growing at rapid rate particularly for
Scott in North America. Target growth 30% plus.
Appliances and metal forming –subdued growth
expected. Focus on repeat customers where we offer
unique solutions.
Materials Handling –Europe subdued but expected cross
selling opportunities into North America to lead to further
growth.
Opportunities for Other Sectors

To deliver on Scott’s Strategy, the focus will be on:
•Consolidation and further integration of recent acquisitions into
Scott –rollout of best practice systems and processes.
–Cross Selling Opportunities
•Service and Spare Parts
•Research & Development –sharper focus
–Meat processing developments continuing
–Bladestop–new and expanded product range rollout
–Mining technology developments
•Digital solutions (industry 4.0 and machine learning/AI) well
established within Scott and complements Hardware
Focus Areas

BladestopBandsaws
Expanded Bladestopproduct range:
–Development of Scott 600 saw
completed
–CE certification and specification sorted
–European saw now shipping
–Opportunities beyond “protein”

Outlook
Forwardprojectwork–approx.7months
Significantprojectworkunderway
Serviceactivityexpanding
Growthwillbe:
Organicfromexistingtechnologies
Bottomlinefocused

Appendix

Company Overview
•Established in Dunedin, New Zealand in 1913 and was listed on the New Zealand Stock Exchange in 1997.
Scottwas solely focused on the appliance industry at that stage, primarily to North America.
•We started diversifying in 2001 both geographically (entering the Asian and European markets for appliance
manufacturing systems) and into other niche market areas.
•During the global financial crisis of 2009, we invested heavily in R&D across all areas of the business. We are
now realising the benefit of this investment.
•Scott is 51% owned by JBS from Brazil –the second
largest food company in the world.
•Over 750 skilled professional staff, providing
engineering design, build, project management and
administration services.
•Manufacturing facilities and extensive resources based
in New Zealand, Australia, USA, Europe and China.
•Customers in over 80 countries.
Scott capability showcase video

Company Overview
Scotthas diversified and grown its business by way of acquisitions
•Rocklabs–Manufacturer of mechanised and automated sample preparation equipment for the
mining industry.
•RobotWorx–Based in the USA, specialising in the trade and integration of new and used
robots, parts and robotic systems.
•MachineryAutomationandRobotics–Machinery Automation and Robotics, Based in
Australia, with complementary products in the mining, meat processing & robotics industries.
•In 2016 we acquired a German business that operates in the Appliance manufacturing industry
sector, providing a stronger presence to deliver and grow Scott's European customer base.
•BladeStop–In late 2016 we purchased BladeStop which provides bandsawsafety technology in
the meat processing industry and sits alongside Scott's expanding suite of meat processing
applications.
•Alvey–In 2018 completed the acquisition of Alvey Group, adding over 250 staff, and several
locations in Europe and significantly bolstering our suite of materials handling systems.
•Transbotics–Following the purchase of Alvey, we also acquired Transbotics, a U.S. based AGV
manufacturer, completing our goal to offer end to end automation solutions.

RevenueAnalysis
Revenue matrix for 2019 Financial Year
By Industry and locationof
Customer
Geographical location of the customer
New
Zealand Australia
North
America
South
AmericaAsiaEuropeRussiaAfricaTotal
Appliances
124109145
Materials handling
6161
Meat processing
51510535
Mining
106325430
Industrial
automation4212954
Total947693127564225

Revenue by Customer Geography ($000’s)
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
New ZealandAustraliaNorth AmericaSouth AmericaAsiaEuropeRussia and former
states
Africa and Middle
East
20182019

Revenue by Industry Sector ($000’s)
010,00020,00030,00040,00050,00060,00070,000
Appliances
MHL
Meat
Mining
Industrial Auto
20192018

Segment Results
20182019change20182019change
Australasia100,492 102,760 2,268 11,899 9,218 (2,681)
Americas29,141 35,630 6,489 2,490 4,091 1,601
Asia & Europe52,146 86,703 34,557 441 1,703 1,262
181,779 225,093 43,314 14,830 15,012 182
Unallocated(4,058) (6,408)
10,772 8,604
RevenueSurplus after Tax

Materials Handling & Logistics
Palletising &
depalletising
systems
•Multi-line
•Single-line
•Conventional
palletisers
•Robots
•Conveyors
Warehouse &
distribution
systems
•Conveyors
•Storage
•Order picking
•Sorting
•Truck loading
•AGVs
Tailor made handling
systems
•Specialon
demand
machinesand
systems
After salesservices
•Preventive
inspections
•Emergency
interventions
•Spare parts
•Staff training
Industrialsoftware Maestro+
Overview
Video: PalletisingVideo: AGV

Materials Handling & Logistics
Automatic Storage
Warehousing and distribution | Conveying
Palletising Systems
Plasterboard Handling &AGV Systems

•Scott designs and builds turnkey solutions for a number of the world’s leading
appliance manufacturers –We make the production systems that our customers
use to make appliances in their factories.
•World leader in this field since 1980’s and a preferred supplier to most of the
major global appliance companies.
•One of the first Western companies to enter this field in China and well
established as a premium brand with Chinese appliance companies.
•5 –10 systems are produced per year and delivered as complete solutions all
around the world.
•Other industry sectors include Electrical cabinets, truck body panels and
scaffolding.
•Project values up to $20 million.
Appliances (Metal Forming)
Overview

Appliances (Metal Forming)
•High volume manufacturing.
•Designed to customer requirements.
•Modular construction.
Video: Hot Water Cylinder LineVideo: Refrigerator Door Line

Parts handling
Used and reconditioned
robots
Robotic welding and metal
fabrication
Robotic milling and machining
Wheel change automation
Collaborative robots
Industrial Automation & Robotics
Overview
Video: Robotic WeldingVideo: Collaborative Robots

RobotWorx, originally based solely in the U.S. have begun expanding our offering
and now operate in Canada, Mexico and Australia.
•New Robots –We hold a large inventory of high end new robots including FANUC, Yaskawa
Motoman, ABB and KUKA.
•Second Hand Robots / Parts –Included in our large stock of robots are second hand robots,
that are professionally reconditioned as well as 100s of thousands of new and reconditioned
robot parts.
•Robot reconditioning –Suitable second hand robots are professionally inspected, cleaned and
repaired, restoring them to like-new condition and prolonging use. We offer three levels of
reconditioning based on the customers requirements.
•Robot Purchasing –We purchase used, high quality robots from reputable brands, either to
harvest for parts, or to recondition for second hand robot sales and implementations.
•Robot Training & Repairs –We offer some robot training for free with each robot purchased,
but can offer additional training and on-site repairs as needed.
Industrial Automation & Robotics
Stand-alone Robots, Repairs and Refurbishment

Scott meat processing has set the global benchmark
for automation technology in the red meat industry.
•Automated Boning Room Systems use ‘intelligent management’ in
the form of X-Ray grading before robotic sensing and cutting, to
optimise cut selection for each carcass.
•Outcomes: Optimise yield, minimise waste, increase food safety
and reduce operational costs.
•Sales over the past two years have amounted to £30m and are
growing strongly.
•R&D underway, early extension into pork and poultry.
•BladeStop™ for bandsawsafety: Reduce risks of serious injury by
stopping the blade within 0.009 seconds upon sensing contact.
Meat Processing
Overview
Video: Lamb Boning RoomVideo: BladeStop

SCOTT: X-Ray/DEXA –Lamb and Beef carcass analysis
SCOTT was first in the world to apply x-ray and DEXA
(Dual Energy X-Ray Absorptiometry) imaging to meat
processing
Using vision and image analysis to drive smarter
automation
Use data from the system for accurate cutting and
yield optimisation
Automation benefits (geometry measurements drive
automated de-boning).
Improved genetics with data linked to animal
identification and tracking systems.

•33
Mining Industry –Sample Preparation
SCOTT, through its Rocklabs brand, supplies a range of solutions to operators in the
mining industry in approximately 80 countries worldwide
Products are used in preparing mine and exploration samples (core drill or blast hole) for
analysis and include a range of standard products through to fully automated solutions
-also supply spare parts
Invested heavily in developing a new enhanced range of products over the past three
years
-expertise in automation leveraged to develop large scale automated systems
Certified reference materials are used worldwide for quality assurance and benchmarking
-Manufactured in house and each batch certified via Laboratory Proficiency tests carried
out in a round robin with 54 laboratories from 19 countries.
SCOTT works closely with customers and users to provide products and solutions that
are being driven by the world’s desire for quality assurance and increased productivity

Mining
Overview
Automated re-fueling
Sample Preparation & Analysis
Robotic Idler Changer (RIC)
Reference Materials

Scott –Digital Direction
1. Vision and image analysis
2. Package Software -Maestro (ex Alvey)
-TMO (ex Transbotics)
3. IIOT and connectivity -Equipment reporting
-Diagnostics
-Maintenance
-OEE
4. Machine Learning -AI / convolutional neural networks
5. Augmented Reality
6. Virtual Reality –for Marketing and Training

Thank you
Scott capability showcase video