Slide 1: MaxiTRANS Industries Limited Half Year Ended 31 December 2010
For personal use only MaxiTRANS Industries Limited Half Year Ended 31 December 2010
Slide 2: Financial Highlights
Financial Highlights For personal use only Sales $M Underlying NPAT $M 160 7 140 6 120 5 100 4 80 3 60 2 40 20 1 0 0 1H09 1H10 2H10 1H11** 1H09* 1H10 2H10 1H11** *Excludes impact of impairment charge of $6.137 million ** Excludes impact of restructuring charges of $1.74 million ($1.22m post tax) 2
Slide 3: 1H11 Overview
1H11 Overview For personal use only • Revenue adversely impacted by soft domestic economy • Order intake down 27% on pcp (down 19% on 2H10) • Unit sales down 21% on pcp (down 17% on 2H10) • Colrain profit contribution up 126% on pcp • Amalgamation of manufacturing facilities nearing completion • Res
Slide 4: Financial Highlights
Financial Highlights For personal use only 1H09 1H10 1H11 % change on $000 $000 $000 1H10 Sales 150,925 124,822 103,115 (17%) Underlying EBITDA 12,192* 7,223 4,588** (36%) Underlying NPBT 7,804* 3,250 1,041** (68%) Underlying NPAT 5,854* 2,579 1,020** (60%) Impairment / Restructuring charges (6,137)
Slide 5: Financial Highlights (cont)
Financial Highlights (cont) For personal use only 1H09 1H10 1H11 Change on $000 $000 $000 1H10 Operating Cash Flow (1,592) 7,989 4,039 -49% Net Debt 41,348 20,230 19,416 -4% Net Debt/Equity % 45%* 23% 22% - EPS (Basic) (cents) 3.41* 1.42 0.56** -61% Interim Dividend declared 1.00 1.00 - - (cents) In
Slide 6: 1H11 Overview
1H11 Overview For personal use only Amalgamation of Manufacturing Facilities: • Peki manufacturing moved to Ballarat (1Q11) • Hamelex White manufacturing moved to Ballarat (2Q11) • New larger Dandenong branch established • Hallam Repairs and Service being relocated • Property sales will yield approx
Slide 7: Trailers
Trailers For personal use only • Unit sales down 16% on pcp and down 28% on 2H10 • Order intake down 28% on pcp and down 34% on 2H10 • Trials of “Swing Away Curtain” T-Liner successful – now on sale (patented) • Automatic Load Hold curtain system to be launched in May (patented) • Market remains slo
Slide 8: Vans
Vans For personal use only • Unit sales down 36% on pcp • Order intake up 55% on 2H10 • New C-Series (chassis van) well accepted by market • Market remains slow and highly price competitive • Surplus of used equipment diminishing in marketplace • Encouraged by recent lift in order intake. C-Series C
Slide 9: Tippers
Tippers For personal use only • Unit sales down 22% on pcp but up 11% on 2H10 • Order intake down 32% on pcp and down 26% on 2H10 • Higher payload approved for 4 axle and 5 axle dogs under new PBS regulations - quarry and rural sectors • “Truck and Dog” sales recovering • Potential for market growth
Slide 10: Parts
Parts For personal use only • Record profit contribution – up 126% on pcp • Soft OE market offset by strong retail sales growth • Regional retail stores at or near record performance • New Sydney and Perth wholesale branches making major contributions • New and re-sourced product ranges introduced i
Slide 11: New Zealand
New Zealand For personal use only Quad Axle Freighter made in NZ • Unit sales down 25% on pcp but up 23% on 2H10 • Order intake up 318% on pcp • New factory scheduled for completion 1H12 − Expanded manufacturing capacity Maxi-CUBE Rigid Body − Added product ranges • Encouraging outlook with enquiry
Slide 12: Joint Ventures
Joint Ventures For personal use only Freighter Maxi- Maxi-CUBE Qld (36.67%): • Contribution down 21% on pcp in a difficult market • Rocklea site flooded 12th January, fully operational by end January • Floods and cyclone will adversely affect short term sales outlook but should boost medium term thr
Slide 13: Outlook FY11
Outlook FY11 For personal use only • Sales opportunities restricted while Australian economy remains soft • Floods and cyclone: — Outlook uncertain in short term in affected areas — Medium/long term opportunities - Australia’s largest ever re-construction - Predicted recovery in rural markets (summe
Slide 14: For personal use only
For personal use only