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CSL Ltd. — Investor Presentation 2023
Aug 14, 2023
17854_rns_2023-08-14_d722fbba-ee24-43d6-93e5-e5e19c7457d7.pdf
Investor Presentation
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15 August 2023
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RESULTS PRESENTATION FOR THE FULL YEAR ENDED 30 JUNE 2023
Melbourne, Australia – CSL (ASX:CSL; USOTC:CSLLY)
Please find attached the slides for the presentation on the full year results that will be given by the Chief Executive Officer and Chief Financial Officer shortly. The live briefing will be webcast and can be viewed at https://edge.media-server.com/mmc/p/e3vgbk4y/. Please note that this link will expire after the webcast concludes.
A recording of the webcast will be made available later in the day at: https://investors.csl.com/investors/financial-results-and-information
Authorised for lodgment by:
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Fiona Mead Company Secretary
For further information, please contact:
Investors:
Bernard Ronchi Director, Investor Relations CSL Limited P: +61 3 9389 3470 E: [email protected]
Stephen McKeon Director, Investor Relations CSL Limited P: 61 402 231 696
Media:
Jimmy Baker Communications CSL Limited P: +61 450 909 211
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CSL Limited 2023 Full Year Results 15 August 2023
Paul McKenzie Joy Linton CEO & Managing Director CFO
IMPORTANT NOTICE AND DISCLAIMER
This presentation contains summary information about CSL Limited (ACN 051 588 348) and its related bodies corporate (together, CSL ) and CSL's activities as at the date of this presentation. It is information given in summary form only and does not purport to be complete. It should be read in conjunction with CSL's other periodic corporate reports and continuous disclosure announcements filed with the Australian Securities Exchange ( ASX ), available at www.asx.com.au This presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire CSL shares or other securities.
Legal Notice
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of CSL or its directors, employees or agents, nor any other person, accepts liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence on the part of CSL or its directors, employees, contractors or agents.
This presentation contains forward-looking statements in relation to CSL, including statements regarding CSL's intent, belief, goals, objectives, initiatives, commitments or current expectations with respect to CSL's business and operations, market conditions, results of operations and financial conditions, products in research, risk management practices, climate change and other environmental and energy transition scenarios. Forward-looking statements can generally be identified by the use of words such as "forecast", "estimate", "plan", "will", "anticipate", "may", "believe", "should", "expect", “project,” "intend", "outlook", "target", "assume" and "guidance" and other similar expressions.
The forward-looking statements are based on CSL's good faith assumptions as to the financial, market, risk, regulatory and other relevant environments that will exist and affect CSL's business and operations in the future. CSL does not give any assurance that the assumptions will prove to be correct. The forward-looking statements involve known and unknown risks, uncertainties and assumptions and other important factors, many of which are beyond the control of CSL, that could cause the actual results, performances or achievements of CSL to be materially different to future results, performances or achievements expressed or implied by the statements . Factors that could cause actual results to differ materially include: the success of research and development activities, decisions by regulatory authorities regarding approval of our products as well as their decisions regarding label claims; competitive developments affecting our products; the ability to successfully market new and existing products; difficulties or delays in manufacturing; trade buying patterns and fluctuations in interest and currency exchange rates; legislation or regulations that affect product production, distribution, pricing, reimbursement, access or tax; acquisitions or divestitures; research collaborations; litigation or government investigations, advances in environmental protection processes, uncertainty and disruption caused by the COVID-19 pandemic and CSL’s ability to protect its patents and other intellectual property.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as at the date of the presentation. Except as required by applicable laws or regulations, CSL does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in assumptions on which any such statement is based.
TRADEMARKS
Except where otherwise noted, brand names designated by a ™or ® throughout this presentation are trademarks either owned by and/or licensed to CSL.
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2
01
CEO Overview Paul McKenzie CEO & Managing Director
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3
Strong profit growth in FY23
CSL Behring
-
Strong Ig growth
-
Record plasma collections
-
Successful launch of gene therapy HEMGENIX[®]
CSL Vifor
-
Acquisition successfully closed Aug 22
-
~11 months contribution
-
Integration well advanced
CSL Seqirus
-
Strong growth in FLUCELVAX[®]
-
Licence agreement for next-generation mRNA vaccine technology
R&D
-
CSL 112 trial last patient in
-
Garadacimab preparations for global regulatory submissions underway
REVENUE $13.3b +31%[1] NPATA[2] $2.6b[3 ] +20%[1]
NPAT $2.2b[3 ] +8%[1]
1. Growth percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail..
2. NPATA is defined as the statutory net profit after tax before impairment and amortisation of acquired intellectual property, business acquisition and integration costs and unwind of the inventory fair value uplift 3. Attributable to the shareholders of CSL Limited
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Revenue up 12%[1]
| Revenue | Change1 | Major | |||
|---|---|---|---|---|---|
| Therapy | $m | % | Performance | Brands | |
| • | Strong growth across all geographies | ||||
| Ig | 4,675 | 21% | • | – Privigen® +29%, Hizentra® +12% Hizentra® pre filled syringe launch |
|
| • | Global supply continues to recover strongly | ||||
| Albumin | 1,109 | 11% | • • |
Strong growth in China as COVID restrictions ease Solid growth in US & EU as supply improves |
|
| • | Strong performance by IDELVION® +13% due to: | ||||
| Haemophilia | 1,193 | 8% | – Increased HCP patient interactions – Continued uptake in Japan |
||
| • | First patients dosed with HEMGENIX® | ||||
| • | Strong growth in KCENTRA® as social | ||||
| Specialty | 1,831 | 6% | • | mobility increases post-COVID Rebound in ZEMAIRA®/RESPREEZA® as |
|
| supply returned | |||||
| Other2 | 482 | (15%) | • | Prior period inclusion of COVID vaccine sales | |
| Total | 9,290 | 12% |
1. Growth percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail. 2. Includes HPV royalties, Hyperimmunes & sale of property
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5
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Operational Highlights
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Plasma Collections
-
Strong increase in plasma collected +31%, now at record levels
-
• ~14% reduction in CPL over the year[1]
-
~17% CPL reduction from the peak in March 2022
-
Mexico border re-opened in Sep 22, centers recovering strongly
-
• 12 new centers opened
-
Continued advancement in digital technologies
-
Further enhancements to the CSL Plasma donor app
-
More than 3 million downloads
-
Focused digital marketing campaigns
-
Committed to roll-out of RIKA technology
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Manufacturing
-
Broadmeadows and Marburg base fractionation facilities completed and opened
-
Multiple yield initiatives underway
1. June-22 v June-23 US only
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Revenue up 9%[1]
| Revenue $m Change1% Performance |
Major Brands |
|---|---|
| Egg Based 148 (33%) Cell Culture 599 30% Adjuvanted Egg 893 7% • Continue to benefit from strength of differentiated product portfolio • 9% revenue growth in seasonal influenza vaccines against a backdrop of reduced rates of immunisation • Strong growth in FLUCELVAX® +30% • ~130 million doses distributed • US seasonal influenza vaccines >$1 billion for the second year running |
|
| Other / In License 211 25% TOTAL Product Sales 1,851 10% Pandemic 156 2% Other Income 24 4% • Includes sale of pre-pandemic Avian influenza vaccine |
|
| Total 2,031 9% |
1. Growth percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail.
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Operational Highlights
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Seasonal influenza products
-
6 months+ age indication for FLUCELVAX[®] now approved in the US, Argentina, Canada, Taiwan, Australia and New Zealand
-
FLUAD included as a preferentially recommended seasonal vaccine option for adults aged 65+ years in the US
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Next-generation mRNA
-
Licensing and Collaboration Agreement with Arcturus Therapeutics
-
Access to late stage COVID-19 vaccine
-
R&D development program beyond influenza
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Pandemic influenza
-
Received BARDA orders for clinical assessment and stockpiling of H5 avian flu vaccine candidates
-
Renewal/extension of Advance Purchase Agreements with Finland, Canada, Austria & Sweden
-
Supplied AFLUNOV[®] pre-pandemic stockpile (H5N1) to Singapore
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Manufacturing
-
Cell reassortment technology delivering higher yields
-
Fill and finish fully operational at Holly Springs and Liverpool
-
New cell-culture facility in Melbourne, expected to be operational in 2026
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~11 months revenue contribution[1]
~14% revenue growth[2] Integration well advanced Cost synergies on track
| Revenue $m Major Brands Highlights |
|
|---|---|
| Iron | 1,009 • Injectafer® approved in the US for the treatment of iron deficiency in adult patients with heart failure Jun 23 • Ferinject® launched in China Apr 23 |
| Nephrology | Dialysis 771 • Strong Mircera®performance following agreement with large US kidney care provider • Successful launch of Kapruvia® in Germany and other EU countries • Long-term exclusive licensing agreement signed for Korsuva® in China |
1. Acquired 9[th] August 2022 ~approximately 11 months contribution
2. Eleven months FY22 pre CSL ownership and unaudited versus eleven months FY23 at constant currency
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9
R&D Highlights – FY23
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Immunology
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Respiratory
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Transplant
-
Garadacimab (Anti-FXIIa) HAE
-
CSL787 (Neb Ig) Phase I study enrolment complete
-
Phase III study data announced
-
Preparations for global regulatory submissions underway
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Cardiovascular
- BERINERT® SC HAE JP PMDA launch
& Metabolic
-
Anumigilimab (CSL324; G-CSFR antagonist) Phase Ib study complete
-
CSL112 (ApoA ~~-~~ 1) Phase III study enrolment complete
-
Clazakizumab (ESKD) Phase IIb/III first patient in
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Haematology
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- HEMGENIX ® (Etranacogene dezaparvovec)
Vaccines
-
US Launch
-
EU launch
- aQIVc (cell antigen + MF59[®] ) Phase IIb study results available
-
HOPE-B extension study 24-month data showed durable protection & sustained FIX activity
-
KCENTRA® Trauma Phase III study first patient in • ARCT-154 COVID vaccine global submissions started
-
CSL964 (AAT) treatment of GvHD ~~–~~ Phase III study last patient in
-
Clazakizumab anti ~~-~~ IL ~~-~~ 6 mAB (AMR) ~~–~~ Phase III study 100 patients pass 1 year treatment mark
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-
INJECTAFER® (ferric carboxymaltose) US label expansion for HF and ID-HF Phase III data available
-
FERINJECT® (ferric carboxymaltose) ID China approval
-
KORSUVA® /KAPRUVIA® (difelikefalin) multiple country approvals
-
VELPHORO® (sucroferric oxyhydroxide) China approval
-
SNF472 CUA Phase III study complete
-
Sparsentan (IgAN) CMA EU submitted
-
INS-3001 (AVS) Phase I study first patient in
Abbreviations: aQIVc – Adjuvanted Cell Culture Quadrivalent Influenza Vaccine; AVS – Aortic Valve Stenosis; CMA – Conditional Marketing Authorisation; CUA - Calcific Uremic Arteriolopathy; ESKD – End Stage Kidney Disease; EU – Europe; FIX – Factor IX; G-CSFR - Granulocyte Colony-Stimulating Factor Receptor; GvHD – Graft versus Host Disease; HAE – Hereditary Angioedema; HF – Heart Failure; ID – Iron Deficiency; IgAN - IgA Nephropathy; IPF - Idiopathic Pulmonary Fibrosis; JP – Japan; Neb Ig - Nebulised Ig; SC – Subcutaneous; SCD – Sickle Cell Disease; US – United States
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10
02
Financials Joy Linton CFO
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11
NPATA[1]
| NPATA1 | |
|---|---|
| $2,381m $2,610m $245m $2,855m2 FY22 NPATA FY23 NPATA @ CC 3 FX |
FY22 Rep FY23 @ CC3 |
| $2,381m $2,610m $245m $2,855m2 FY22 NPATA FY23 NPATA @ CC 3 FX |
|
| NPATA $2,381m2 $2,855m2 |
|
| Acquired intangible assets amortisation ($115m) ($239m) |
|
| One-off acquisition adjustments ($40m) ($346m) |
|
| Tax $29m $84m4 |
|
| NPATA Attributable to NCI5 0 $139m |
|
| NPAT $2,255m $2,493m |
|
| NPAT Attributable to NCI5 0 ($52m) |
|
| NPAT $2,255m2 $2,441m2 |
|
1. NPATA is defined as the statutory net profit after tax before impairment and amortisation of acquired intellectual property, business acquisition and integration costs and unwind of the inventory fair value uplift 2. Attributable to the shareholders of CSL Limited.. FY23 includes ~11 months of CSL Vifor contribution
3. Constant currency removes the impact of exchange rate movements to facilitate comparability of operational performance for the Group
4.Tax attributable to amortisation of acquired intellectual property $35m (no impairment in FY23). Tax attributable to one-off acquisition adjustments (including unwind of the inventory fair value uplift) $49m 5. Non-Controlling Interest
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12
Ig franchise growing strongly
CSL Group
Financial Highlights
| US$ Millions | FY22 Rep |
FY23 Rep |
FY23 at CC 1 |
Change % 1 |
|---|---|---|---|---|
| Total Revenue | 10,562 | 13,310 | 13,826 | 31% |
| Gross Profit3 | 5,734 | 7,250 | 7,587 | 32% |
| GP %3 | 54.3% | 54.5% | 54.9% | |
| Sales & Marketing | 961 | 1,454 | 1,515 | 58% |
| Operating Result3 | 4,773 | 5,796 | 6,072 | 27% |
| R&D3 | 1,043 | 1,232 | 1,269 | 22% |
| G&A3 | 648 | 907 | 825 | 27% |
| Finance (Net) | 147 | 406 | 390 | 165% |
| NPATA2 | 2,381 | 2,610 | 2,855 | 20% |
| ETR % | 18.9% | 15.5% | ||
| ROIC % | 18.1% | 12.2% | ||
| Cashflow From Ops | 2,629 | 2,601 | (1%)4 | |
| NPATA EPS2 ($) | 5.08 | 5.41 | 5.92 | 6%4 |
| DPS ($) | 2.22 | 2.36 | 6%4 |
1. Growth percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail
2. Attributable to the shareholders of CSL Limited.
3. Underlying results have been adjusted to exclude impairment and amortisation of acquired IP, business acquisition and transaction costs and unwind of the inventory fair value uplift
- 4.At reported currency
Includes ~11 months of CSL Vifor financials
S&M
CSL Behring and CSL Seqirus commercial activities relatively in line with prior year
R&D
11 months of CSL Vifor and progression of pipeline
G&A
11 months of CSL Vifor
Finance
Acquisition of CSL Vifor and higher interest rates
Tax
Lower ETR due to geographic profit mix and lower CSL Vifor ETR
Cashflow from Operations
Cash earnings growth offset by growth of plasma collections
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13
CSL Group FY23 by Segment
| US$ Millions | CSL Behring | CSL Seqirus |
Total | Change % at CC 1 |
Change % at CC 1 |
CSL Vifor 3 |
CSL Group |
Change % at CC 1 |
Change % at CC 1 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,968 | 1,851 | 10,819 | 11% | 1,957 | 12,776 | 31% | ||
| Other Revenue | 322 | 180 | 502 | 23% | 32 | 534 | 31% | ||
| Total Revenue | 9,290 | 2,031 | 11,321 | 12% | 1,989 | 13,310 | 31% | ||
| Gross Profit4 | 4,575 | 1,264 | 5,839 | 7% | 1,411 | 7,250 | 32% | ||
| GP %2,4 | 50.4% | 59.7% | 52.0% | 71.3% | 54.9% | ||||
| Sales & Marketing | 782 | 182 | 964 | 4% | 490 | 1,454 | 58% | ||
| Operating Result | 3,793 | 1,082 | 4,875 | 8% | 921 | 5,796 | 27% | ||
| Operating Segment %2,4 | 41.9% | 50.8% | 43.5% | 46.1% | 43.9% |
1. Growth percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail.
2. Percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail. 3. Acquired 9[th] August 2022 ~approximately 11 months contribution
4.Underlying results have been adjusted to exclude impairment and amortisation of acquired IP, business acquisition and transaction costs and unwind of the inventory fair value uplift
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14
CSL Behring Gross Margin
CPL Reduction
New Products[2] ASP Mix Shift Ig Yield Improvements[3]
Scale & Efficiency Measures
Path to margin recovery different to COVID driven margin decline
Anticipate margin to return to pre-COVID level within 3 – 5 years
FX impacts margin given ~50% of sales outside US
Continued balance of marginal litre products
1. Illustrative only
2. CSL112 not included
3. Horizon 1 yield improvements only. See slide Yield Maximisation slide for further detail
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15
Operational Efficiency
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$M Revenue % of Revenue
14,000 8%
12,000
6%
10,000
8,000
4%
6,000
4,000
2%
2,000
0 0%
FY20 FY21 FY22 FY23
Total Revenue G&A % rev1
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Enterprise wide enabling functions successfully embedded
-
Centralised services provided to the businesses
-
I&T, HR, Finance, Comms, Legal, Procurement
-
Benefit from scale, automation and standardisation
-
Enhances internal controls
Further leverage opportunities
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16
1. Excludes FX Gains/Losses
Inventory Active management
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$m Inventory % of revenue
6,000 100%
5,000
80%
4,000
60%
3,000
40%
2,000
20%
1,000
0 0%
2017 2018 2019 2020 2021 2022 2023
Finished Goods Work in Progress Raw Materials Inventory % Revenue
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Key Insights
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Inventory as a percentage of revenue steady despite dynamic environment
Higher inventory driven by increased plasma volume and cost Includes CSL Vifor for the first time
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17
Capex Management[1]
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Capex US$m % of Revenue
1,400 14%
~30% 13%
1,200
12%
1,000 11%
10%
800
9%
600
8%
7%
400
6%
200
5%
- 4%
Maint Growth % of Rev
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1. Capital Expenditure for Property, Plant & Equipment - net of disposals
~70% in growth capex v maintenance capex over the last 4 years to support future demand FY24 expected to be ~$800m
~30% down on FY23
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18
Foreign Currency Impact
NPATA – FX impact by type
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($245m)
$2,855m
$64m
$49m
$47m
$31m
$23m
$31m $2,610m
FY23 @ CC USD/CNY USD/GBP USD/EUR USD/JPY USD/AUD Other FY23
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NPATA – FX impact by type
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($245m)
$2,855m
$121m
$116m
$2,610m
$8m
FY23 @ CC Transaction FX Unrealised Translation FX FY23
/ Realised FX
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Currency Average Rates
Change
| FY23 | FY22 | % | |
|---|---|---|---|
| USD/EUR | 0.96 | 0.88 | 8.5% |
| USD/GBP | 0.83 | 0.75 | 11.2% |
| USD/AUD | 1.49 | 1.37 | 8.3% |
| USD/CNY | 6.95 | 6.44 | 7.9% |
| USD/CHF | 0.94 | 0.93 | 1.5% |
| USD/JPY | 137.21 | 116.30 | 18.0% |
$245m NPATA FX headwind
-
Volatility in global currency markets
-
Largely driven by a strong USD
Transaction FX impact contingent on timing of sales & relevant exchange rates
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19
03
CEO Overview Paul McKenzie CEO & Managing Director
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20
Ig Yield Maximisation Strategy[1]
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Ig Yield
Growth
25%
20%
15%
10%
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Growth
25%
20% Horizon 2
15%
10%
5% Horizon 1
Baseline
Pre Covid FY23 FY30
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1. Illustrative only
Subject to the success and timing of research and development activities and the decisions of regulatory authorities
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•
FY23 recovery ~70 – ~75% of IG (yield
~4.52g)
•
US average donor has 6 – 6.5g of IG
•
Horizon 1 FY24 – FY28 – recovery to
grow +5%
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-
Horizon 2 FY29 – FY33 – recovery to grow +10% Yield Improvements
-
Over 10 year period, expect ~90% IG
-
Horizon 1 recovery
-
• Process changes within regulatory filing
-
• Data analytics and plasma allocation • [NEED TO LIST SOME OF THE • Operational excellence ACTIVITIES IN A BIT MORE DETAIL OR LEAVE FOR VERBAL OVERLAY?]
-
Horizon 2 • Proprietary process improvements with some manufacturing re-tooling
-
• Will require regulatory approval
-
• Targeted at litres producing Ig & Albumin only
-
Pilot work underway
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21
FY24 Outlook[1] Strong mid-term outlook Promising cluster of R&D programs nearing completion
- CSL Behring CSL Vifor • • Strong Ig growth following Investing in Iron record FY23 plasma to win in an collections evolving market
CSL Seqirus
-
Continued growth from Influenza vaccine differentiation
-
•
-
Gene therapy HEMGENIX[®] Organising for US & EU commercialisation commercial and
-
• operational Initiatives underway in efficiency
-
Progressing global registrations for nextgeneration mRNA COVID vaccine
-
Initiatives underway in support of mid-term margin recovery
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Revenue Growth
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~ 9 – 11% @CC[2 ]
Patient Blood Management strategic initiative
NPATA Growth
One CSL R&D, including combining nephrology and transplant therapeutic area
-
1 For forward looking statements, refer to Legal Notice on page 2
-
~ 13 – 17% @CC[2,3 ] to
-
~$2.9 – $3.0b @CC[2,4]
-
-
2 Constant Currency (CC) removes the impact of exchange rate movements to facilitate comparability. See end note for further detail
-
3 % growth rates exclude the one-off gain from the sale of property in FY23 (NPATA $44m)
-
4 NPATA to NPAT adjustments are estimated to be:
-
Amortisation of acquired intellectual property. FY24 estimate $300m (pre-tax), $260m (post tax)
-
CSL Vifor integration costs and the unwind of inventory fair value uplift. FY24 estimate $85m (pre-tax), $70m (post-tax)
-
FY24 FX impact expected to be immaterial if current rates remain unchanged for the remainder of the financial year
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22
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CSL Contacts
Mark Dehring VP Investor Relations +61 3 9389 3407 [email protected]
Bernard Ronchi Investor Relations +61 3 9389 3470 [email protected]
Stephen McKeon Investor Relations +61 3 9389 6798 [email protected]
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Notes
| Summary NPAT attributable to members | |
|---|---|
| of parent entity | |
| Reportednetprofit after tax | $2,194m |
| Currency effect | $247m |
| Constant currency net profit after tax* | $2,441m |
(#) Constant currency removes the impact of exchange rate movements to facilitate comparability of operational performance for the Group. This is done in three parts: a) by converting the current year net profit of entities in the group that have reporting currencies other than US Dollars, at the rates that were applicable to the prior comparable period (translation currency effect); b) by restating material transactions booked by the group that are impacted by exchange rate movements at the rate that would have applied to the transaction if it had occurred in the prior comparable period (transaction currency effect); and c) by adjusting for current year foreign currency gains and losses. The sum of translation currency effect, transaction currency effect and foreign currency gains and losses is the amount by which reported net profit is adjusted to calculate the operational result.
Average exchange rates for major currencies for half year ended 30 June 2023/30 June 2022 include: USD/EUR (0.96/0.88), USD/AUD (1.49/1.37), USD/CHF (0.94/0.93), USD/CNY (6.95/6.44) and USD/GBP (0.83/0.75).
| Summary NPATA1 attributable to | ||
|---|---|---|
| members of the parent entity | US$m | |
| Reported net profit after tax | 2,194 | |
| Amortisation of acquired intellectual property | 181 | |
| Unwind of inventory fair value uplift | 122 | |
| Acquisition and integration costs | 184 | |
| Income tax credit on above adjustments | (71) | |
| NPATA1attributable to members of the parent entity |
2,610 | |
| Currency effect attributable to members of the parent entity |
245 | |
| Constant Currency# NPATA1attributable to members of the parent entity |
2,855 |
| Summary Revenue |
|---|
| Reported revenue $13,310m |
| Currency effect $ 516m |
| Constant currency revenue* $13,826m |
| *Constant currency net profit after tax and |
| constant currency sales have not been audited or |
| reviewed in accordance with Australian Auditing |
| Standards. |
General Disclaimer Non-IFRS
There are references to IFRS (International Financial Reporting Standards) and non-IFRS financial information in this document. Non-IFRS financial measures are financial measures other than those defined or specified under any relevant accounting standard and may not be directly comparable with other companies’ information. Non-IFRS financial measures are used to enhance the comparability of information between reporting periods, and enable further insight and a different perspective into the financial performance. Non-IFRS financial information should be considered in addition to, and is not intended to be a substitute for, IFRS financial information and measures. Non-IFRS financial measures are not subject to audit or review.
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1. NPATA is defined as the statutory net profit after tax before impairment and amortisation of acquired intellectual property, business acquisition and integration costs and unwind of the inventory fair value uplift
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Appendix
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Appendix A CSL Behring – Key Products
| CSL BEHRING | Therapy Group | Sales $m | Change1% | |
|---|---|---|---|---|
| Privigen | IVIG | 2,832 | 29% | |
| Hizentra | SCIG | 1,644 | 12% | |
| Albumin | Albumin | 1,109 | 11% | |
| Idelvion | Haemophilia | 703 | 13% | |
| Kcentra | Specialty | 666 | 10% | |
| Haegarda | Specialty | 436 | 1% | |
| Berinert | Specialty | 259 | 1% | |
| Haemocomplettan | Specialty | 217 | 4% | |
| Intragam | IVIG | 184 | (15%) | |
| Humate | Haemophilia | 170 | 2% |
1. Growth percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail
FY23 Revenue By Therapy Group $m
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5%,
9% Other,
Other $482
Specialty
$867 33%
10%, IVIG
Peri-Operative $3,028
Bleeding,
$964
4%,
Plasma,
$379
9%
Recombinants
$814
18%,
12%,
SCIG,
Albumin,
$1,647
$1,109
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Appendix B CSL Vifor & CSL Seqirus – Key Products
| CSL SEQIRUS | Therapy Group | Sales $m | Change1% | |
|---|---|---|---|---|
| Fluad | Adjuvanted | 893 | 7% | |
| Flucelvax | Cell culture | 599 | 30% | |
| Afluria | Egg-based | 134 | (32%) |
| CSL VIFOR | Therapy Group | Sales $m | |
|---|---|---|---|
| Ferinject / Injectafer | Iron | 759 | |
| Mircera | Dialysis | 533 | |
| Velphoro | Dialysis | 175 | |
| Venofer | Iron | 172 | |
| Veltassa | Non Dialysis | 112 | |
| Maltofer | Iron | 75 |
1. Growth percentages shown at constant currency to remove the impact of exchange rate movements, facilitating comparability of operational performance. See end note for further detail.
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FY23 Revenue By Therapy Group $m
1%, Other Income,
$24
8%, Pandemic, $156
7%, Egg Based, $148
10%, Other / In License,
$211
30%,
Cell Culture,
$599
44% ,
Adjuvanted,
$893
3%, Other, $73
7%, Non Dialysis,
$136
51%,
Iron,
$1,009
39%,
Dialysis,
$771
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