Full Year 2024 Pwr Holdings Ltd Earnings Call Transcript
Key Points
- Aerospace and defense revenue grew by over 100%, showcasing significant growth potential in this sector.
- Overall revenue growth of 17.8%, with notable increases in motorsports (8%), OEM (9%), and automotive aftermarket (9%).
- Strong cash position with $21.7 million in cash, up by $10.2 million or 95%, providing a solid liquidity base for future investments.
- Successful implementation of a hedging program that resulted in a $677,000 improvement in NPAT due to favorable FX movements.
- Continued investment in people and infrastructure, including a new factory in Australia and a $30 million debt facility to support future growth.
- EBITDA margin impacted by increased employee expenses due to headcount growth and competitive wage rates.
- Motorsports revenue saw a slight decline, dropping to 48% of total revenue.
- Significant increase in operating expenses by 18.7%, primarily driven by employee costs.
- Flat NPAT expected for FY25 due to high upfront costs associated with new hires and infrastructure investments.
- Potential disruptions anticipated during the transition to the new facility, which could impact operational efficiency and revenue.
Thank you for standing by, and welcome to the PWR Holdings Limited FY24 results webcast and conference call. (Operator Instructions)
I would now like to hand the conference over to Mr. Kees Weel, Managing Director. Please go ahead.
Good morning, everybody. Thanks for dialing in and listening to what we've got to say this morning. So I'll get straight into it. On our first slide, particularly on our page turn, we've moved it around a little bit. Last year we've gone straight into numbers. This year we're going into treatments and highlights and etc. So yeah, it's four pillars that we've been looking at and innovation, fossil growth, sustainability, and investing in our people, et cetera.
I'm not going to go through every individual one at most detail, but I'll certainly pull out some of the areas that I think are worth talking about. Probably the biggest outstanding thing is the aerospace and defence revenue growth. Just a tad over 100% for the year,
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