SDI : CEO's 2021 AGM Presentation

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FY21 AGM

NOVEMBER 19, 2021

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CEO'S ADDRESS

SAMANTHA CHEETHAM

FY21 HIGHLIGHTS

RETURNS TO GROWTH AFTER RECORD YEAR

only	Total sales of $81.6 million, up 21.2%, driven by strong sales in key product
•
	categories, new product releases and the normalising of most dental
	markets.
•	Total operating expenses increased by 1.2%, compared to the previous
	corresponding period.
•	EBITDA up 71.9% to $16.8m (FY20: $9.8m)
•	NPAT up 111.2% to $8.9m (FY20: $4.2m)
use•	Cashflow remains strong, with no net debt for the Group.
•	Final fully franked dividend of 1.65cps up 230% on pcp with full year ordinary
ersonal	dividends of 3.15cps equating to a payout ratio of 41.9%.
•	The Brazilian operations review was completed in the year, with the
	restructure expected to be fully implemented by January 2022.
•	Study released showing that SDI's Riva Star product stops decay, reducing
	the number of children requiring general anaesthetics for tooth extraction*

*International Dental Journal - May 2021- Dr Rana Yawary

	EBITDA($m)	16.8
			14.2
12.5	12.1					8.3
	7.8	9.8
7.6	8.6
			2.7
					8.5
			6.4	7.1
4.9
3.6
FY17	FY18		FY19			FY20	FY21
			H1 ($m)		H2 ($m)

SALES ($m)

74.1	74.5	79.6	67.4	81.6
39.7	40.9	42.5	27.4	44.8
34.4	33.6	37.1	40.0	36.8
FY17	FY18		FY19			FY20	FY21
			H1 ($m)		H2 ($m)

CATEGORY OVERVIEW

DOUBLE DIGIT CAGR IN KEY FOCUS PRODUCTS

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• Whitening showed the strongest increase, up 55.3% in local currency, due to a return of strong demand, the release of a new Pola Light and Pola Rapid products and the rebranding of the range.
• Aesthetics recovered strongly on the previous year, up 27.2% in local currency, assisted by the easing of restrictions on dentists.
• Equipment up 31.1% in local currency, driven primarily by the success of the Radii LED curing lights.
• Amalgam products stabilised, up 3.8% in local currency with the North American market offsetting declines in other regions.

Product Mix %

		Aesthetics		Whitening			Equipment			Amalgam	15.3%
29.9%	26.1%	23.0%	19.6%
				7.3%
			7.6%		7.6%
	8.3%
8.6%
						26.9%	32.5%
	26.7%	27.0%
26.2%
35.2%	38.9%	42.4%	45.9%	44.9%
FY17		FY18		FY19	FY20		FY21

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FULL PRODUCT PIPELINE

PROMISING SIGNS FOR AMALGAM REPLACEMENT

• Amalgam replacement release in 2022/23:
• • Tooth coloured filling, showing strength stronger than amalgam
  • Stronger than any other tooth coloured filling material
  • Will be able to withstand high mastication forces
• New composite products upgrading Luna composite line scheduled for early 2022 release.
• Committed to 1-2 products per year.