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1、 Teaminvest Private Group Limited(ASX:TIP)ACN 629 045 736 CEO letter For the year ended 30 June 2021 Noble purpose:Transferring knowledge between generations Mission:Assist successful business owners to enhance their legacy;and mentor the next generation of business leaders Vision:To build a society
2、 where the knowledge we accumulate over a lifetime isnt lost to retirement,forcing the next generation to learn it all again Record operating Record operating performanceperformance in FY21in FY21 It is my pleasure to present the CEO report for the year ended 30 June 2021(FY21)for Teaminvest Private
3、 Group Limited(TIP)and the strong and resilient operating performance it contains.FY21 was a record Segment Result for the group:a pleasing achievement considering the ongoing coronavirus pandemic and ever-changing restrictions.Our portfolio leadership teams have again risen to the challenge and,as
4、owners of our business,you should be proud of their accomplishments.SegmentSegment R Resultsesults Segment Results are the normalised revenue and EBITDA for each segment of our Group.They provide shareholders with the best approximation of our operating performance,and it is the figure that we(as ma
5、nagement)spend most time discussing.Whilst we find Segment Results to be the most useful measure of our performance,they often differ from Statutory Consolidated Income reported in accordance with accounting standards.This is discussed further below.Group Segment EBITDA was up 9%on FY20 to$14.7m,a n
6、ew record for the Group(pre-abnormals).Whilst we regard revenue as less important than profit(as the saying goes:“revenue is vanity while profit is sanity”),Segment Revenue was also a record,growing by 5%to$144.6m.Our world-leading trailer engineering business Graham Lusty Trailers(GLT)(Engineering