The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sam Brandwood - Bell Potter Securities (Institutional) - Analyst
: Congratulations on another great result. Just got a few questions, if I can, please. Firstly, on the data centers, Michael. Am I reading this correctly?
So it looks like contribution from data centers is more than doubled year-on-year to about $35 million, if you kind of use the 12% on group revenue.
Are we thinking -- is it the right way to think about FY25, there's 25% growth? Or do you think there's a bull case there that could go even further
than that?
Question: Sam Brandwood - Bell Potter Securities (Institutional) - Analyst
: Great. And just thinking about the daily trade business. So the only thing that sort of set up to me was daily trade perhaps coming or just slowing
at the top line, obviously made up for the earnings line. But what sort of initiatives do you have in place to sort of accelerate the top line of that
business again, cognizant that you're also focusing on the project side of the business heavily at the moment as well?
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AUGUST 30, 2024 / 12:30AM, IPG.AX - Full Year 2024 IPD Group Ltd Earnings Call
Question: Sam Brandwood - Bell Potter Securities (Institutional) - Analyst
: Yes. And that, I guess, leads on to my final question, Michael. Just on the CMI acquisition, you called out, I guess, EBITDA down year-on-year due
to those supply issues and some relocation. How is the business, I guess, performing on a run rate basis now? Do you feel like you've got a fire for
FY25? And then sorry, off the back of that as well, how much do you think you kind of lost in FY24 from relocation, I guess, one-off costs?
Question: Sam Brandwood - Bell Potter Securities (Institutional) - Analyst
: And what do you feel like you lost, I guess, on the supply issues as well that seem to be resolved?
Question: Philip Pepe - Shaw and Partners Limited - Analyst
: Congratulations on a good result. And our cash flow was pretty strong. Just on the current acquisitions you mentioned plans for FY25 is to push
into the other states. Have you started yet? And how is the traction going with the conversations about having with some potential customers for
those expansions.
Question: Philip Pepe - Shaw and Partners Limited - Analyst
: Starting with EX. How is that going with expanding into the Eastern states and how the conversations going with the potential customer base?
Question: Philip Pepe - Shaw and Partners Limited - Analyst
: Excellent. And if I can sneak in a second one. I mean, as you mentioned earlier, quite a well-diversified business posts a couple of acquisitions. In
terms of the two that you said you're looking at, what kind of segments might they be in? Are they adding to what you've got, are they further
diversification?
Question: Matthew Chen - Moelis Australia Securities - Analyst
: Just wondering if you could give us an update on how you're thinking about price increases on your product portfolio over the coming year.
Question: Matthew Chen - Moelis Australia Securities - Analyst
: That's really helpful. And I just wanted to clarify with the metal exports in Indonesia, well, do you have any visibility on like the timing of the return
of those sales? Or have they already started to return? Can you just give us a bit of color there?
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