Korvest : Investor Presentation - Dec 21 Half Year
January 23, 2022 at 05:54 pm EST
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December 2021
Half Year
Chris Hartwig and
Steven McGregor
Artwork inspired by
Kia Ora Investments
Interim Report dated
December 1970
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Agenda
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FY22 Key Points
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Financial Results
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Outlook
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Company Overview
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Introduction to Korvest
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Korvest (ASX:KOV) is headquartered in South Australia and provides cable and pipe supports, access systems for large mobile equipment, hydraulic tools and wrenches, and galvanising services
Listed in September 1970
Korvest has sales offices and warehouses in Adelaide, Melbourne, Sydney, Brisbane and Perth, with distributors in Darwin, Townsville, Hobart and New Zealand
Manufacturing, fabrication and galvanising in Adelaide Overseas supply chain provides make vs buy flexibility Sell to a wide variety of industry sectors
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Headline Numbers
Dec 21 (1H) June 21 (2H) Dec 20 (1H) Dec 21 vs Dec 20
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8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Sales
EBIT
NPAT
Operating cash flow
EPS
Dividend per share
Profit After Tax
2,835
1,748 2,130 1,897
FY19 2H
FY20 1H
FY20 2H
FY21 1H
$51.6m
$9.74m
$7.04m
($1.38m)
61.5c
25c
7,036
3,219
FY21 2H
FY22 1H
$37.2m $32.6m 58.3%
$4.72m $4.16m 134.1%
$3.22m $2.84m 147.9%
$3.77m $2.74m
28.4c
25.1c
145.0%
20c 15c
Exceptional 1H
Significant large project work
Sale of PSA/TT
Operating cash flow impacted by working capital demands
JobKeeper 1H FY21 $1.86m before tax
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Korvest Limited published this content on 23 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 January 2022 22:53:08 UTC.
Korvest Ltd is an Australia-based company that is engaged in hot dip galvanizing, sheet metal fabrication, and the manufacture of cable and pipe support systems and fittings. The Company operates through two segments: Industrial Products and Production. Its Industrial Products segment includes the manufacture of electrical and cable support systems, steel fabrication and access systems. It also includes the sale, hire and repair of high torque tools. The Company includes businesses trading under the EzyStrut, Power Step and Titan Technologies names. Its Production segment represents the Korvest Galvanizing business, which galvanizes a range of items from large and difficult fabrications to small fasteners, pipe fittings and castings with an on-site 14 meter hot dip galvanizing bath. The Company provides solutions across infrastructure, commercial, utilities, mining, food processing, oil and gas, power stations, petrochemical, data/communications, health and industrial segments.
KORVEST LTD 
