Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

SGH LIMITED Earnings Release 2024

Aug 13, 2024

65777_rns_2024-08-13_50631b40-82a1-47eb-83e8-f6ccddf98f56.pdf

Earnings Release

Open in viewer

Opens in your device viewer

==> picture [127 x 55] intentionally omitted <==

14 August 2024

Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

2024 FULL YEAR RESULTS – APPENDIX 4E

Seven Group Holdings Limited (ASX: SVW) attaches the Appendix 4E for the year ended 30 June 2024. This release has been authorised to be given to ASX by the Board of Seven Group Holdings Limited.

For investor information, please contact: Daniel Levy - Head of IR and Communications +61 2 8777 7106 | [email protected]

For media enquiries, please contact: Lauren Thompson | +61 438 954 729 Hayley Ashburner | +61 497 554 588

Seven Group Holdings Limited is an Australian diversified operating group, with market leading businesses across industrial services, energy and media. In industrial services, SGH owns WesTrac, Boral and Coates. WesTrac is the sole authorised Caterpillar dealer in Western Australia, New South Wales and the Australian Capital Territory. Boral is Australia's largest and leading integrated construction materials business. Coates is Australia's largest industrial and general equipment hire business. In Energy, SGH has a 30.0% shareholding in Beach Energy, as well as interests in other energy assets in Australia and the United States. In Media, SGH has a 40.2% shareholding in Seven West Media, one of Australia's largest multiple platform media companies, including the Seven Network, 7plus and The West Australian.

==> picture [54 x 19] intentionally omitted <==

==> picture [55 x 19] intentionally omitted <==

==> picture [27 x 24] intentionally omitted <==

==> picture [35 x 15] intentionally omitted <==

==> picture [72 x 15] intentionally omitted <==

Seven Group Holdings Limited | ABN 46 142 003 469

Level 30, 175 Liverpool Street, Sydney NSW 2000 | Postal Address: PO Box 745, Darlinghurst NSW 1300 Telephone +61 2 8777 7574

==> picture [596 x 531] intentionally omitted <==

Appendix 4E 2024

Disciplined Execution

Appendix 4E

SEVEN GROUP HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES ABN 46 142 003 469

FOR THE YEAR ENDED 30 JUNE 2024

RESULTS FOR ANNOUNCEMENT TO THE MARKET

REPORTED $m
Revenue from ordinary activities (continuing operations)
Net profit from ordinary activities after income tax attributable
Net profit for the year attributable to members
up
10.3%
to
10,617.5
to members
down
23.1%
to
464.4
down
22.2%
to
464.4
UNDERLYING $m
Revenue from ordinary activities (continuing operations)
Net profit before net finance expense and income tax
from ordinary activities (continuing operations)
Net profit for the year attributable to members
up
10.2%
to
10,605.2
up
19.6%
to
1,419.2
up
30.0%
to
850.3
DIVIDENDS
Interim - ordinary shares
Final - ordinary shares
Amountper security
Franked amountper security
23 cents
23 cents
30 cents
30 cents
Record date for determining entitlements to the dividend 5.00pm on 20 August 2024
Date the final dividend is payable 2 September 2024

NET TANGIBLE ASSET BACKING

Net tangible asset backing per ordinary share: $4.67 (June 2023: $4.65).

This has been calculated by dividing the net assets (including ROU assets) attributable to equity holders of the Company less intangible assets by the number of ordinary shares at 30 June 2024.

COMMENTARY ON RESULTS

Detailed commentary on the results for the year is contained in the Operating & Financial Review section of the accompanying 2024 Annual Report. This Report should be read in conjunction with the 2024 Annual Report and any public announcements made by the Company in accordance with the continuous disclosure requirements arising under the Corporations Act 2001 and ASX Listing Rules.

ENTITIES OVER WHICH CONTROL, JOINT CONTROL OR SIGNIFICANT INFLUENCE WAS GAINED OR LOST DURING THE PERIOD

Entities over which control was lost

Control over the entities listed below was lost during the year as the sale of these entities to Atlas Copco Sickla Holdings AB was completed on 5 December 2023.

AllightPrimax FZCO Sykes Fleet Services Pty Limited Sykes New Zealand Limited Sykes Group Pty Limited

Sykes New Zealand Limited

Primax USA Inc The entities' results for the period to 5 December 2023 are included within the Other Investments segment.

Control over the entities listed below was lost during the year as the sale of these entities to Mitsubishi Corporation was completed on 2 April 2024.

PT Coates Hire Indonesia

PT Coates Services Indonesia

The entities' results for the period to 2 April 2024 are included within the Coates segment. Refer to Note 31: Disposal of businesses for further detail.

AUDIT

This report is based on accounts that have been audited.

Appendix 4E

SEVEN GROUP HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES ABN 46 142 003 469

FOR THE YEAR ENDED 30 JUNE 2024

RESULTS FOR ANNOUNCEMENT TO THE MARKET UNDERLYING TRADING PERFORMANCE

==> picture [36 x 77] intentionally omitted <==

YEAR ENDED 30 JUNE 2024 Cont
Discont
Total
$m
$m
$m
10,605.2
-
10,605.2
35.1
-
35.1
157.5
-
157.5
-
-
-
-
-
-
(8,867.9)
-
(8,867.9)
1,929.9
-
1,929.9
(510.7)
-
(510.7)
1,419.2
-
1,419.2
(293.5)
-
(293.5)
1,125.7
-
1,125.7
(211.6)
-
(211.6)
914.1
-
914.1
850.3
-
850.3
63.8
-
63.8
914.1
-
914.1
$
$
$
2.31
-
2.31
2.26
-
2.26
$m
$m
$m
9,626.5
-
9,626.5
39.1
-
39.1
195.0
-
195.0
-
-
-
-
-
-
(8,172.1)
-
(8,172.1)
1,688.5
-
1,688.5
(502.0)
-
(502.0)
1,186.5
-
1,186.5
(283.4)
-
(283.4)
903.1
-
903.1
(200.2)
-
(200.2)
702.9
-
702.9
654.1
-
654.1
48.8
-
48.8
702.9
-
702.9
$
$
$
1.80
-
1.80
1.78
-
1.78
Underlying trading performance(a)
Cont
Discont
Total
$m
$m
$m
12.3
-
12.3
-
-
-
(275.7)
-
(275.7)
76.3
-
76.3
(135.3)
-
(135.3)
(34.1)
-
(34.1)
(356.5)
-
(356.5)
5.3
-
5.3
(351.2)
-
(351.2)
(8.7)
-
(8.7)
(359.9)
-
(359.9)
(32.1)
-
(32.1)
(392.0)
-
(392.0)
(385.9)
-
(385.9)
(6.1)
-
(6.1)
(392.0)
-
(392.0)
$m
$m
$m
-
-
-
2.3
-
2.3
4.6
-
4.6
(75.9)
-
(75.9)
-
(10.9)
(10.9)
33.1
-
33.1
(35.9)
(10.9)
(46.8)
(9.6)
-
(9.6)
(45.5)
(10.9)
(56.4)
8.6
-
8.6
(36.9)
(10.9)
(47.8)
(9.6)
1.0
(8.6)
(46.5)
(9.9)
(56.4)
(50.3)
(7.2)

(57.5)
3.8
(2.7)
1.1
(46.5)
(9.9)
(56.4)
Significant item(b)
Reported statutory results
Cont
Discont
Total
$m
$m
$m
Revenue
Other income
Share of results from equity accounted investees
Net gain on disposal of controlled entities
Impairment of equity accounted investees
Expenses excludingdepreciation and amortisation
10,617.5
-
10,617.5
35.1
-
35.1
(118.2)
-
(118.2)
76.3
-
76.3
(135.3)
-
(135.3)
(8,902.0)
-
(8,902.0)
Profit before depreciation, amortisation,
net finance expense and income tax
1,573.4
-
1,573.4
Depreciation and amortisation (505.4)
-
(505.4)
Profit before net finance expense and income tax 1,068.0
-
1,068.0
Net finance expense (302.2)
-
(302.2)
Profit before income tax 765.8
-
765.8
Income tax expense (243.7)
-
(243.7)
Profit for the year 522.1
-
522.1
Profit for the year attributable to:
Equity holders of the Company
Non-controllinginterest
464.4
-
464.4
57.7
-
57.7
Profit for theyear 522.1
-
522.1
EARNINGS PER SHARE $
$
$
Basic earnings per share
Diluted earningsper share
1.26
-
1.26
1.23
-
1.23
YEAR ENDED 30 JUNE 2023 $m
$m
$m
Revenue
Other income
Share of results from equity accounted investees
Impairment of equity accounted investee
Net loss from discontinued operations
Expenses excludingdepreciation and amortisation
9,626.5
-
9,626.5
41.4
-
41.4
199.6
-
199.6
(75.9)
-
(75.9)
-
(10.9)
(10.9)
(8,139.0)
-
(8,139.0)
Profit before depreciation, amortisation,
net finance expense and income tax
1,652.6
(10.9)
1,641.7
Depreciation and amortisation (511.6)
-
(511.6)
Profit before net finance expense and income tax 1,141.0
(10.9)
1,130.1
Net finance expense (274.8)
-
(274.8)
Profit before income tax 866.2
(10.9)
855.3
Income tax(expense)/benefit (209.8)
1.0
(208.8)
Profit for the year 656.4
(9.9)
646.5
Profit for the year attributable to:
Equity holders of the Company
Non-controllinginterest
603.8
(7.2)
596.6
52.6
(2.7)
49.9
Profit for theyear 656.4
(9.9)
646.5
EARNINGS PER SHARE $
$
$
Basic earnings per share
Diluted earningsper share
1.66
(0.02)
1.64
1.65
(0.02)
1.63

(a) Underlying trading performance is comprised of reported statutory results less significant items. This is separately disclosed and reconciled to statutory performance to assist users in understanding the financial performance of the Group.

(b) Detailed information regarding the composition of significant items is provided in Note 3: Significant Items.

==> picture [118 x 48] intentionally omitted <==

Corporate Directory

Head Office and Registered Office Seven Group Holdings Limited ABN: 46 142 003 469 Level 30, 175 Liverpool Street Sydney NSW 2000 02 8777 7574

Key Operating Businesses

WesTrac WA 128–136 Great Eastern Highway South Guildford WA 6055 08 9377 9444

Coates – North Business Unit

56–61 Meakin Road Meadowbrook QLD 4131 13 15 52

Coates – West Business Unit

WesTrac NSW

1 WesTrac Drive Tomago NSW 2322 02 4964 5000

18 Wheeler Street Belmont WA 6104 13 15 52

Boral

WesTrac ACT

78 Sheppard Street Hume ACT 2620 02 6290 4500

Coates – Head Office Level 1, 201 Coward Street Mascot NSW 2020 13 15 52

Coates – East Business Unit

6 Greenhills Avenue Moorebank NSW 2170 13 15 52

Level 3, Triniti 2 39 Delhi Road North Ryde NSW 2113 02 9220 6300

Allight

12 Hoskins Road Landsdale WA 6065 08 9302 7000

SGH Energy

Level 4, 160 Harbour Esplanade Docklands VIC 3008 03 8628 7277

Coates – South Business Unit 120 South Gippsland Highway Dandenong VIC 3175 13 15 52

sevengroup.com.au