Elegant I.G

Specialists in consumables and machinery for glass processing and double glazing.

Elegant I.G, a small family-founded company, is today Australia’s largest supplier of IG consumables.

www.elegantig.com.au

INTRODUCTION ELEGANT I.G. Supplyline: Innovating for a Sustainable Tomorrow Since our inception in August 1996, Elegant I.G. has been more than just a supplier.

It’s a testament to the passion, vision, and perseverance of a family-driven venture that began modestly in a Dee Why warehouse in New South Wales.

Our founder, Sandro Ianni, fuelled by an unwavering commitment to quality, set out to revolutionise Australia’s insulated glazing industry. Backed by the relentless support of his wife, Lily, and a dedicated team, Sandro ensured that Elegant I.G. was not merely a supplier but a trusted partner to the Australian insulating glass industry.

As we navigate through the complex terrain of the 21st century, the world stands at a critical juncture of climate challenges and energy demands. Elegant I.G., under Sandro’s leadership, has remained at the forefront of this narrative. Australia’s evolving energy regulations and the push for energy efficiency have driven an unprecedented demand for insulating glass units. Commercial properties today, equipped with high-performance insulating glazing, attract premium tenancies, reflecting the industry’s shift towards energy conservation.

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Awareness and education have further bolstered this momentum. With rising energy costs and an informed building industry, both commercial and residential customers have recognised the superior performance of IGUs in all climate zones.

It’s no surprise then that Elegant I.G., with our emphasis on offering advanced technology from leading global brands, has become the go-to destination for quality and innovation.

Join us, as we continue to pave the way for a sustainable, energy-efficient Australia, one IGU at a time. The company’s expansion to Truganina, Victoria, is not just a testament to our growing stature but a strategic move to cater to the amplified demand in the southern states and WA. Coupled with this, our Sparklike calibration service centre is set to further bolster our regional dominance, extending services to New Zealand and Southeast Asia.

Elegant I.G.’s story is not just about its impressive turnover or its 1300 sqm stateof-the-art facility in Belrose. It’s about its ethos. Honesty, loyalty, integrity, and a customer-centric approach are the pillars that Sandro and Elegant I.G. operate on, and it’s evident in every product and service the company offers. From Tecglass digital ceramic printers to Sparklike Argon gas testing equipment, our catalogue is diverse yet unified in its commitment to excellence.

In a world where energy efficiency is not just desired but demanded, where commercial spaces seek premium stature through high-performance glazing, and where consumers are enlightened about the benefits of double glazing for their homes, Elegant I.G. rises – bigger, better, and ready for tomorrow.

www.elegantig.com.au

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Mission Statement At Elegant I.G., we are committed to elevating the insulating glass industry by offering a comprehensive range of top-tier IG consumables and equipment. Rooted in our family values of honesty, loyalty, and integrity, we continually strive to serve our clients with unmatched professionalism, providing innovative solutions that ensure quality and safety.

Vision Statement At the forefront of Australia’s insulating glass industry, we champion innovation, constantly elevating standards for a brighter, sustainable future. As Australia’s premier supplier of insulating glass consumables, we are deeply committed to spearheading initiatives that empower our industry to minimise environmental footprints. Through relentless dedication to improved energy efficiency, we not only advance the industry but also contribute to a greener, more resilient Australia for generations to come.

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Industry Overview: Insulating Glass Industry in Australia Australia’s Insulating Glass Unit (IGU) industry has undergone a transformative evolution since its emergence in the 1990s. From just seven IGU producers in 1997, Australia’s industry has exponentially grown to 107 producers as of 2023. Over the past 26 years, hundreds of millions of dollars have been invested in state-of-the-art glass equipment, insulating glazing unit lines, and software, underlining the industry’s unwavering commitment to technological advancement and operational efficiency.

Regulatory Changes Driving Growth A pivotal moment for the Australian IGU industry came in 2022 when Australia’s building ministers agreed to lift the energy rating requirements for new homes under the National Construction Code (NCC). The amended NCC now mandates a minimum 7-star energy rating for new homes, to be implemented progressively. This regulatory update is expected to fuel market expansion, with projections estimating a 65 per cent uptake in the IGU market across all Australian states by 2025/26.

The introduction of these updated NCC regulations has bolstered the number of insulating glazing lines in Australia to 92, adding six more to the existing infrastructure. The NCC’s energy efficiency mandates will escalate IGU installations to make up approximately 85 per cent of all glazing in new homes in Victoria and Tasmania, in contrast to 5 per cent in Queensland.

Elegant I.G.’s Market Dominance and Future Projections Elegant I.G. enjoys a commanding market presence in this rapidly evolving sector, currently holding a remarkable 90 per cent of the IGU consumables market for Australian production. With a projected insulated glazing uptake surge of 65 per cent by 2025/26, Elegant is poised for significant growth. Based on our strategic initiatives and current market standing, we estimate that our sales will increase from over $13 million per annum to an estimated $17 million, contingent on Elegant maintaining at least an 80 per cent market share. We continue to form key partnerships with major global suppliers like Kommelring and to add quality products and services to enhance our market coverage. Our holistic approach firmly plants us as the principal supplier in this burgeoning landscape.

Consumer Behaviour and Geographic Penetration The appetite for insulating glass is notably rising across Australia, with the most pronounced demand in Victoria, Tasmania and New South Wales. Our market analysis indicates that up to 43 per cent of households in these regions have either acquired, are in the process of acquiring, or are contemplating the adoption of insulating glazing units. Energy efficiency and the ensuing costsavings on energy bills are key drivers behind this consumer trend, particularly in cities like Melbourne, where older homes average a woefully insufficient 1.5star energy rating against the new 7-star NCC mandate.

Global and Future Perspectives Internationally, the insulated glass market was valued at US$13.4 billion in 2022 and is expected to swell to US$22.8 billion by 2032. The Asia-Pacific region is rising quickly, and Australia holds a significant stake in both consumption and manufacturing, cementing its role as an influential player.

Conclusion Spurred by the NCC’s 2022 amendments, the Australian IGU industry is on the cusp of significant growth, and Elegant I.G. is perfectly positioned to foster and capture this market upsurge. We are not just keeping pace with industry standards but are active in setting them, aiming to remain at the vanguard of delivering energy-efficient, cost-effective solutions that meet and surpass regulatory benchmarks. As we navigate this exciting trajectory, our vision remains unequivocal—the future is clear, and it is through insulating glass.

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Key Achievements A Record of Consistent and Steady Growth Celebrating 27 years of operational excellence, with consistent yearon-year growth, marking an impressive steady growth of 35 per cent over the last 5 years.

Exclusive Representation Representing globally acclaimed, high-quality brands, most of which benefit from our exclusive representation across Asia and Oceania.

Energy Efficiency Champion Actively promoting energy-efficient building products, which not only steers industry investment but also influences governmental policies. Our efforts have driven the growth of insulating glazing units, developed new market opportunities and strengthened the entire industry.

Strategic Expansion Our business growth necessitated expanding our warehouse facilities to Victoria, resulting in swifter product supply, a broader product range, and an expanded customer base.

Expert in IGU technologies Elegant I.G. is renowned for its deep technical acumen regarding IGU machinery and manufacturing processes, positioning us as an invaluable asset to our customers.

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Market Leader Elegant I.G. supplies every major glass processor in Australia and we extend our services to small to medium-sized enterprises.

Partnerships and Alliances Throughout our years of operation, we have established formidable partnerships, positioning ourselves as not just a valuable supplier but also a trusted and knowledgeable ally.

Driving Quality & Compliance We have played a pivotal role in advocating for improved quality systems and high-performing IGUs. Furthermore, we have assisted numerous glass processing manufacturers in achieving compliance and have been instrumental in introducing testing protocols.

Industry Leader Our founder, Sandro, along with his sons, Simon and Joshua, have invested significant time and resources at both state and national levels of industry associations including IGMA and AGWA. Sandro’s contributions are widely acclaimed for ushering notable growth in the industry, solidifying his reputation as a venerated industry leader.

Advancing technologies We have consistently backed companies venturing into new technological horizons in glass processing machinery.

Consistent Profitability & Reputation From inception to date, we have maintained our profitability. Our solid growth trajectory and unmatched reputation stand testament to our commitment and prowess in the industry.

www.elegantig.com.au

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Customers At Elegant I.G., we take immense pride in our broad spectrum of clientele.

Serving as the premier supplier of insulating glass consumables, we supply every major glass company across the country. This involves forging robust partnerships with market leaders who have invested significantly – to the tune of tens of millions – in adopting state-of-the-art, fully automated systems. Concurrently, we are honoured to be the trusted choice for entry-level businesses who craft insulating glass units with manual precision.

Central to our customer relations strategy is the value we place on regular interactions. This is not merely a business protocol, but an affirmation of our commitment to consistently ensuring the needs and expectations of our clients are met, if not exceeded. We understand that the dynamic realm of glass manufacturing is replete with evolving challenges and opportunities. Thus, we regularly visit our customers, to better understand their ground realities, challenges, and aspirations firsthand.

Moreover, in our pursuit of excellence, we bring the world to our customers’ doorsteps. Collaborating with our international suppliers, we organise frequent visits to our client sites. By introducing our customers to global innovations, trends, and best practices, we ensure they remain at the forefront of the industry, equipped with the latest knowledge.

This fosters a culture of continuous learning and solidifies Elegant I.G.’s reputation as a partner invested in its customers’ growth.

Our customers are not just recipients of our products but are stakeholders in a shared vision – a vision where quality, innovation, and collaboration steer the future of the Australian glass industry.

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Team The strength and success of Elegant I.G. stems largely from the exceptional dedication and expertise of our team.

At the helm of our operations stands Sandro Ianni, the Managing Director who in August 1996, ignited the journey of Elegant I.G. with the ambitious dream of supplying top-notch insulating glass unit components to Australian manufacturers. Sandro, along with his wife Lily and a part-time warehouse assistant, began a venture centred on quality and unparalleled service. The trio’s commitment soon drew an expanding clientele.

Fast-forwarding through decades of exponential growth, Sandro is now ably supported by key personnel: Simon Ianni, General Manager; Joshua Ianni, Operations Manager; and Lido Russo, Business Development Manager. This leadership team is bolstered by a remarkable group of administrative, technical support, and warehouse professionals.

From its modest beginnings in a small space, Elegant I.G. graduated to a 1,300 sqm warehouse in Belrose, expanding its team with specialised staff. In 2023 with the opening of a 1300 sqm warehouse in Truganina, Victoria our team is expanding to 12.

This expansion in manpower and footprint underlines our dedication to catering to our everincreasing customer base across Australia. Our Sydney headquarters remains a focal point, soon to host the Sparklike calibration service centre, a stateof-the-art facility serving Australia, New Zealand, and Southeast Asia.

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Products Since its inception in 1996, Elegant I.G. has been at the forefront of innovation in the glass industry. Our commitment to quality and advancement is reflected in our diverse range of products designed to enhance and facilitate the intricate processes involved in glass production and maintenance.

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Machinery and Accessories

Quality Consumables

Our portfolio showcases a wide array of machinery and accessories catering to both automated and manual production of insulated glazed units. To streamline operations and elevate safety standards, we have introduced:

Our reputation as the leading supplier traces back to our unwavering commitment to quality.

We proudly host an assortment of consumables and accessories sourced from renowned global manufacturers:

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Glass Processing Equipment: Precisiondriven devices that allow for meticulous glass shaping and moulding.

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Super Spacer Equipment: Designed for optimal installation of spacers in double glazing units.

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Digital Glass Printing: Bringing artistry to functionality, this equipment enables detailed and customisable designs on glass.

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Edge Processing Machines: Ensuring smooth and polished edges for all glass pieces.

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Gas Filling Machinery: For the infusion of insulating gas, enhancing the energy efficiency of double-glazed windows.

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Insulating Gas Measuring Device: Ensuring precision in gas concentration for optimal insulation.

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Glass Scratch Removal Kit: A vital toolset to restore the pristine appearance of glass.

Sealants, Warm Edge, Aluminium Spacer Bar, Polishing/Diamond cutting wheels & tools, Colonial Bar, and a dedicated range for Safety and Accessories.

Being a trusted name in the industry, we have built lasting partnerships with elite brands including Alu-Pro, Fenzi, Quanex, TECGLASS, Profilglass, HB Fuller, Schiatti Angelo SRL, Dow, Bostik, RP, Diamant, Sparklike, Glasweld, Bassra, and Tiller.

Our unmatched customer service and support are hallmarks of the trust and reliability that our clients associate with Elegant I.G. Whether you’re looking for machinery, consumables, or advice, we are here to assist with industry-leading solutions.

Infrastructure Elegant’s flagship head office at Belrose is 30 minutes from Sydney’s CBD. The 1300-sqm site is spread across three warehouses and serves as a pivotal point for our operations, particularly our valued customers in NSW and Queensland.

Recognising the growing demand and in line with our commitment to regional expansion, July saw the inauguration of another state-of-the-art 1300 sqm warehouse facility in Truganina, Victoria. This facility is not just an extension of our capabilities but a strategic move to better service our clientele in the southern states and Western Australia. With this addition, we ensure that our delivery timelines and service standards remain unparalleled.

But that’s not all. The Sydney headquarters is soon to be home to Elegant’s new Sparklike calibration service centre.

Slated to open in the fourth quarter of 2023, this centre will set a new benchmark in service quality. Serving as the central hub, it will cater to the calibration needs of all devices across Australia, New Zealand, and Southeast Asia, reinforcing our position as a trusted name in the industry.

At Elegant I.G., infrastructure is not just about physical spaces. It’s a reflection of our vision, our ambition, and our unwavering commitment to excellence.

Marketing Elegant I.G. has consistently been at the forefront of industry media.

Our marketing strategies are thoughtfully crafted, reflecting our brand’s ethos and vision for the future while connecting with our customers’ requirements.

Leveraging the strength of industry media, Elegant I.G. ensures that our brand messaging resonates effectively. Pioneering industry reports, insightful editorials, and informative product advertising have solidified our brand’s position in the marketplace.

Moreover, recognising the shift towards digital, Elegant I.G. has amplified its online presence through digital campaigns and engaging content that underscores our brand’s value proposition.

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OH&S As Australia’s leading supplier of consumables to the insulating glass industry, Elegant I.G. is not only dedicated to delivering high-quality products but also to ensuring an unwavering commitment to Occupational Health and Safety (OH&S). Our reputation has been built on a solid foundation of responsible business practices, ensuring the safety of our workforce and all stakeholders involved.

Protocols & Certifications: At Elegant I.G., we proudly adhere to the most stringent OH&S protocols, underpinned by nationally recognised certifications. Our commitment to these standards is evident in every aspect of our operations. Regular internal and third-party audits ensure that our procedures remain at the forefront of industry best practices.

Regular Staff Training: We believe that our employees are our most valuable asset. As such, we invest extensively in training. Every member of the Elegant I.G. team undergoes regular training sessions, encompassing both product knowledge and occupational health and safety. This ensures that our team is not only proficient in understanding the intricate details of our products but also competent in safely handling, distributing, and advising on them.

Systems in Place: Leveraging state-ofthe-art technologies, Elegant I.G. has integrated sophisticated systems to monitor, review, and enhance our OH&S practices continuously. Our commitment to constant improvement means we remain at the cutting edge of safety practices in our industry.

At Elegant I.G., excellence is not just about product quality; it’s about ensuring that every individual involved in our processes works in an environment that prioritises their health, safety, and well-being.

By integrating best practices into our operations, we maintain an impeccable safety record, proving that with dedication and commitment, industry leadership and safety can go hand in hand.

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Industry Awards and Recognition At Elegant I.G., our commitment to excellence is a foundational pillar that our enterprise has been built upon. Over the years, this dedication to our craft and industry has garnered industry recognition. We believe these accolades serve as a testament to our relentless pursuit of quality, innovation, and leadership.

Proud long term members of:

Key Recognitions

Notable Affiliations

NSW Glassman of the Year 2017: Sandro Ianni, was honoured with the title of ‘NSW Glassman of the Year’ in 2017. This award highlights the pinnacle of achievement within the glass industry and showcases those who are at the forefront of innovation, quality, and craftsmanship.

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IGMA (Insulating Glass Manufacturers Alliance).

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Lifetime Membership: Sandro Ianni’s contribution to the IGMA is both long-standing and deep-rooted. Not only is he a proud lifetime member, but his influence has also been pivotal in shaping the direction of the organisation.

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Foundation and Leadership: Sandro played an instrumental role in the formation of IGMA. His leadership capabilities were further highlighted as he served on the executive and held the position of IGMA Chair for three years.

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AGGA (Australian Glass and Glazing Association). Now AGWA (Australian Glass and Window Association)

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Long-standing Membership: Sandro’s association with AGGA, now known as AGWA, is longstanding. His dedication to the industry and association is evident through his active participation and membership.

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Leadership Roles: Sandro has not just been a member of AGWA, but has also stepped up to serve in vital roles within the association. He has held both executive positions and has served as a Board Member, helping to steer the association towards growth and innovation.

Editorials: Elegant I.G. has been the subject of numerous editorials and publications.

These articles have shed light on our business methodologies, our commitment to clients, and our continuous push for innovation within the industry.

Endorsements and Testimonials: Over our journey, we have received endorsements and testimonials from various industry stalwarts. These endorsements validate our services, products, and the values we stand by.

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Profit Summary 2018 2019 2020 2021 2022

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2023 management accounts

Sales Commission Received Freight Income

$8,118,580 $36,014 $188,666

$8,305,683 $52,448 $149,462

$6,853,107 $123,855 $175,245

$8,080,501 $39,619 $280,740

$9,419,816 $193,539 $318,149

$10,906,802 $64,150 $311,948

Total Income

$8,343,260

$8,507,593

$7,152,208

$8,400,859

$9,931,504

$11,282,900*

Less: Cost of Sales Opening Inventory Purchases Closing Inventory

$1,092,802 $5,669,314 -$1,061,908

$1,061,908 $6,375,419 -$1,108,215

$1,108,215 $5,244,945 -$1,381,742

$1,381,742 $5,560,344 -$896,860

$896,860 $7,138,499 -$785,761

$785,761 $8,778,151 -$1,132,226

Total Cost of Sales

$5,700,208

$6,329,112

$4,971,418

$6,045,226

$7,249,598

$8,431,686

Gross Profit from trading

$2,643,052

$2,178,481

$2,180,790

$2,355,633

$2,681,905

$2,851,214

Expenses Accountancy Fees Advertising Asset Write-Off Bank Fees Bookkeeping Expenses Cleaning Computer Expenses Conference Costs Contractor Expenses Debt Collection Depreciation Donations Electricity Entertainment Equipment Exchange Loss/(Gain) Filing Fees Fines & Penalties Gifts Hire of Plant & Equipment Insurance Interest Expense Late Fees Paid Legal Costs License Fees Motor Vehicle Expenses Office Supplies Packaging & Warehouse Postage Printing & Stationery Provision for Annual Leave Rates & Taxes Rent Repairs & Maintenance Security Costs Sponsorship Staff Amenities Staff Training Strata Levies Subscriptions & Membership Superannuation Contributions Telephone Travelling Expense Wages & Salaries Waste Disposal Westpac Finance Charges

$25,000 $13,512 $$2,175 $39,200 $9,074 $10,628 $$$2,208 $81,525 $4,566 $8,201 $4,724 $15,533 $51,541 $778 $1,408 $1,504 $5,188 $35,931 $50,602 $$2,920 $120,000 $58,098 $729 $89,246 $1,122 $4,494 $2,439 $5,637 $228,636 $3,142 $366 $3,000 $2,475 $269 $5,289 $4,494 $34,791 $20,027 $43,207 $366,221 $4,061 $105,976

$27,000 $19,419 $$8,651 $32,800 $10,360 $17,756 $20,095 $$$66,353 $6,250 $6,614 $1,051 $364 $33,601 $526 $79 $1,996 $5,133 $37,309 $52,016 $$807 $120,000 $55,709 $390 $59,609 $303 $7,681 $1,913 $$238,634 $1,057 $6,242 $$3,251 $727 $$9,305 $41,140 $15,728 $74,973 $433,060 $3,822 $115,259

$27,000 $518 $87,714 $6,734 $36,312 $10,180 $10,154 $9,810 $3,141 $$108,917 $10,774 $4,332 $6,185 $$143,425 $614 $603 $100 $9,140 $37,743 $102,675 $$16,598 $120,000 $70,675 $2,694 $40,046 $628 $7,525 $5,326 $2,033 $253,778 $$1,062 $$3,312 $155 $$2,756 $41,126 $18,990 $45,460 $433,257 $5,047 $84,522

$30,000 $22,323 $187,861 $6,267 $35,166 $9,510 $14,203 $$$$51,889 $3,324 $3,363 $7,191 $-$100,627 $633 $353 $$6,015 $26,785 $148,257 $$7,500 $120,000 $88,414 $1,155 $48,720 $565 $4,644 $17,993 $$249,994 $$608 $$3,225 $$$3,672 $39,278 $23,466 -$14,990 $414,716 $5,317 $86,058

$31,000 $14,210 $11,855 $12,676 $25,240 $10,000 $12,423 $$$$37,523 $1,840 $3,929 $6,471 $-$78,963 $828 $344 $$5,926 $33,730 $146,872 $$4,463 $120,000 $80,070 $953 $56,183 $307 $8,301 $25,584 $$255,100 $$728 $$3,964 $$$3,180 $45,925 $22,799 $40,420 $459,131 $4,914 $101,553

$45,633 $25,611 $$16,711 $32,280 $13,435 $15,204 $3,151 $$707 $$2,260 $6,115 $316 $235 $50,835 $10,107 $505 $1,024 $3,439 $39,645 $49,423 $561 $5,463 $$131,190 $1,245 $95,330 $194 $13,143 $$$306,472 $2,056 $1,395 $$2,372 $1,045 $$$62,125 $16,599 $78,772 $584,713 $7,356 $157,067

Total Expenses

$1,469,937

$1,536,983

$1,771,059

$1,552,846

$1,509,478

$1,783,734

Elegant Glass Trust Elegant I.G.’s financial performance underscores the robustness of our business model.

Anchored by a broad and diverse customer base, we have cemented our status as a trusted partner in the industry. Our exceptional supply agreements provide a competitive edge, while our adept management team has not only driven sales growth but also effectively controlled operational costs.

Additionally, our strategic commission-based revenue stream from key customers adds another layer to our financial resilience.

Other Income 2018 2019 2020 2021 2022

Distribution Received Employee Contributions Interest Received ATO - Cash Flow Boost ATO - JobKeeper Subsidy Workers’ Compensation Gain on sale of Fixed assets

$435,000 $20,344 $30,237 $$$$9,351

$335,000 $15,898 $66,437 $$$$16,200

$540,000 $30,203 $101,734 $41,782 $18,000 $8,320 $15,895

$510,000 $43,421 $55,572 $55,668 $81,000 $$18,408

2023 management accounts

$510,000 $40,053 $90,064 $$$$-

$$$$$$$-

Total Income

$494,932

$433,535

$755,933

$764,068

$640,117

$-

Net Profit per Accounts

$1,668,047

$1,075,033

$1,165,664

$1,566,855

$1,812,544

$1,067,480

Adjustments for Owners Income & Expenses Less: Distribution Received - Related Entities $435,000 Gain on sale of Owners Fixed Assets $9,351 Employee Contributions $20,344 Interest Received - Div7A $30,237

$335,000 $16,200 $15,898 $66,437

$540,000 $15,895 $30,203 $101,734

$510,000 $18,408 $43,421 $55,572

$510,000 $$40,053 $90,064

$$$$-

Add: Wages & Superannuation - Related Parties Joshua Ianni $75,854 Simone Ianni $97,695 Liliana Ianni $87,600 Depreciation - Owners Car’s $59,640 Motor Vehicle Expenses - Owners Car’s $49,383 (85% of total expenses) License fee - Related Entity $120,000 Instant Asset Write Off - Owners vehicles $-

$88,455 $110,295 $87,600 $44,721 $47,353

$88,455 $110,295 $87,600 $55,500 $60,074

$88,455 $110,295 $87,600 $39,633 $75,152

$99,828 $117,549 $88,000 $28,193 $68,059

$117,024 $128,043 $88,400 $$111,512

$120,000 $-

$120,000 $57,581

$120,000 $177,408

$120,000 $-

$-

Adjusted Profit

$1,663,287

$1,139,922

$999,756

$1,460,590

$1,694,057

$1,512,458

Calculation of EBITDA Add: Westpac Finance Charges Remaining Depreciation Interest Expense

$105,976 $21,885 $50,602

$115,259 $21,632 $52,016

$84,522 $53,417 $102,675

$86,058 $12,256 $148,257

$101,553 $9,330 $146,872

$157,067 $$49,423

EBITDA

$1,841,750

$1,328,829

$1,240,371

$1,707,161

$1,951,812

$1,718,948

Analysis

2018

2019

2020

2021

2022

2023

Sales Growth (YOY)

0

2%

-16%

17%

18%

14%

Gross Profit Margin

31.38%

25.14%

29.27%

27.70%

25.55%

24.84%

Porfitability (EBITDA)

$1,841,750.02

$1,328,828.84

$1,240,370.80

$1,707,160.98

$1,951,812.39

$1,718,948.40

Growth over 5 years 35%

* Additional sales of approximately $2.5M for direct shipment of goods from suppliers to customers such as Viridian and AGG need to be noted.

These orders are placed through Elegant, but shipped and paid for directly. Elegant receives a commission for this service annually. This arrangement is in place so as not to burden cash-flow, but with the backing of a cash-flush company, these sales would revert back to Elegant, earning increased margins and revenue for the business. Current annual sales should be listed as $13.7M.

www.elegantig.com.au

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Head Office and Sydney Warehouse Unit T6, 25 Narabang Way, Belrose, NSW 2085 Melbourne Warehouse 3 - 5 Logic Court Truganina, VIC 3029

(61) 2 9473 6500 office@elegantig.com.au www.elegantig.com.au