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CONNECT by Krueger - July 2024

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2nd EDITION 2024 IN THIS EDITION •

Historic Achievement Recap - Krueger | Linfox

Strengthening local business: The role of government support.

39 Years of Paintwork - Louis Coleiro retires

Krueger “RENU” gains in popularity with fleet owners

Supplier Spotlight: Calibre Steel

FROM THE CEO. KEVIN DENNIS CEO

Welcome to the latest edition of Connect and what a busy few months it has been for us all, with so many milestones and achievements reached since our last edition. The end of the 23-24 financial year is now behind us but I would just like to reflect on what we have achieved across the business. In sales and production, we have just finished the largest order in the company’s history delivering over 200 units to Linfox including the 100 fully imported units from Schmitz CargoBull in Germany. This project took over 18 months to deliver but we did it on time and to the immense satisfaction of Linfox who had specific operational dates to meet. A very big thank you to the many people across the company who worked on this project. Based on this successful delivery we have just received another large order from Linfox. Our industry leading Laser Cutter has just celebrated its first birthday and its performance has revolutionised our material handling process with greatly improved efficiency, speed, quality, and cost reduction. We

now do 95% of our cutting needs in house compared to less than 40% with the plasma cutter. We have cut 90,000 components using a total of 1000 tons of steel. Our wastage has dropped from 40% to less than 10% with improved cutting and nesting. In addition to this, We have now commenced performing laser cutting services for 3rd parties, giving an additional income stream to the business. In HR our International recruitment policy has enabled us to fill vital roles in manufacturing, helping us build 584 new trailers last year. We are now actively recruiting for our retail branches to fill the skills gaps. Around the market our promotional and marketing campaigns have set us apart from everybody else and have set new standards for the industry. However, we are starting to see a very real softening of activity with all our customers reporting a drop in freight movements as the impact on interest rate increases start to bite hard which will bring new challenges to FY25. In closing, I would just like to welcome the newest member of the senior management team, Mark Poswiat, our new CFO to the company. Stay Safe.

KD


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