Qube Holdings Ltd
ASX:QUB

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Qube Holdings Ltd Logo
Qube Holdings Ltd
ASX:QUB
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Price: 4.685 AUD -0.11% Market Closed
Market Cap: 8.3B AUD

Qube Holdings Ltd
Investor Relations

Qube Holdings Ltd. stands as a prominent player in Australia's logistics landscape, seamlessly orchestrating the complex flow of goods from point A to point B. The company is a culmination of strategic acquisitions and organic growth, skillfully consolidating various logistics services under one expansive umbrella. What sets Qube apart is its integrated approach, whereby it offers a comprehensive suite of services encompassing stevedoring, landside logistics, warehousing, and rail operations. This diverse portfolio allows Qube to maintain control over the entire supply chain, reducing reliance on third-party providers and enhancing its operational efficiency and flexibility. By optimizing these links in the logistics chain, Qube enhances the experience for its robust client base, which spans sectors including industrial manufacturing, automotive, and agriculture, unlocking substantial value for both its partners and shareholders alike.

At the heart of Qube’s operations is its flagship project, the Moorebank Logistics Park, strategically located in Sydney. This inland port serves as a crucial node in Australia’s freight network. It exemplifies Qube’s commitment to addressing congestion issues clogging Australia’s road and port networks by shifting a portion of the freight task onto rail—an environmentally and economically sustainable alternative. Revenue streams for Qube spring primarily from long-term contracts with its diverse clients, ensuring a stable cash flow, while the company pursues growth through strategic investments in infrastructure and technology. Furthermore, its acquisition strategy has allowed Qube to integrate complementary services, fostering an environment of innovation and resilience against the backdrop of an ever-evolving global trade landscape.

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Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Aug 25, 2022
AI Summary
Q4 2022

Record Results: Qube reported record underlying revenue, NPATA, and EPSA for FY22, with revenue up 26%, NPATA up 25%, and EPSA up 26%.

Dividend Growth: The full-year dividend increased by 17% to $0.07 per share, fully franked, including a special dividend.

Operational Strength: Strong growth came from both the core Operating Division and Patrick, with Logistics & Infrastructure and Ports & Bulk contributing.

Moorebank Monetization: Successfully completed the sale of Moorebank property interests for $1.66 billion, with most proceeds received.

Cost Mitigation: Management effectively offset inflation and other headwinds through pricing adjustments and operational changes.

Positive FY23 Outlook: Strong earnings growth expected in 2023, with continued focus on organic growth, select acquisitions, and robust cost controls.

Interest Cost Headwind: Net interest expense in FY23 is forecast to be $25–30 million higher due to rising base rates.

Sustainability Progress: Carbon emissions intensity reduced by 8.9%; new decarbonization plan and ESG considerations added to investment processes.

Key Financials
Underlying Revenue
$2.9B
EPSA
$0.106 per share
Dividend (total FY22)
$0.07 per share (fully franked)
Operating Cash Flow
$276M
Dividend Payout Ratio
Top end of 50% to 60% underlying EPSA payout range
EBITDA (proportional incl. Patrick)
$528M
Net Debt Reduction
$500M reduction in FY22
EBITA Margin
8.6%
Logistics & Infrastructure Revenue Growth
up 31%
Logistics & Infrastructure EBITA Growth
up 37%
Ports & Bulk Revenue Growth
up 25%
Ports & Bulk EBITA Growth
up 6%
Patrick Revenue Growth
up 7%
Patrick EBITA Growth
up 27%
Patrick NPATA Contribution to Qube
$64M
Patrick Cash Distributions to Qube
$85M
Moorebank Sale Proceeds
$1.66B (property); $1.36B received Dec 2021, $200M in Aug 2022
Gross CapEx FY22
$517M
Carbon Emissions Intensity Reduction
down 8.9% in reporting period
Other Earnings Calls
2022

Management

Mr. Paul Digney
MD & Executive Director
No Bio Available
Mr. Mark Wratten
Chief Financial Officer
No Bio Available
Mr. William Hara
General Counsel & Company Secretary
No Bio Available
Mr. Todd Emmert
Director of Bulk
No Bio Available
Mr. Michael Sousa
Director of Ports
No Bio Available
Ms. Belinda Flynn
General Manager of Safety, Health & Sustainability
No Bio Available
Mr. Adam Jacobs
Company Secretary
No Bio Available
Ben Pratt
Director of Corporate Affairs
No Bio Available

Contacts

Address
NEW SOUTH WALES
Sydney
L 27 45 Clarence St
Contacts
+61290801900.0
www.qube.com.au