Slide 1: MaxiTRANS Industries Limited Review Half Year Ended December 2007
For personal use only MaxiTRANS Industries Limited Review Half Year Ended December 2007
Slide 2: Financial Highlights
Financial Highlights For personal use only 1H05 1H06 1H07 1H08 % Change $000 $000 $000 $000 on 1H07 Sales 101,700 129,071 115,955 140,579 21% EBITDA 10,164 11,165 8,468 14,397 70% NPBT 7,209 6,967 4,227 10,276 143% NPAT 5,571 5,622 3,534 7,741 119%
Slide 3: Financial Highlights (cont)
Financial Highlights (cont) For personal use only 1H05 1H06 1H07 1H08 $000 $000 $000 $000 Operating Cash Flow 5,747 11,234 449 7,459 Net Debt 38,961 41,982 42,895 39,615 Debt/Equity % 56% 56% 56% 49% EPS (Basic) 3.26 3.27 2.06 4.51 Dividend declared 2.00 2.25 2.00 2.75 Dividend as % of EPS 61% 69% 9
Slide 4: Key Points
Key Points For personal use only • Record earnings • Record dividend • Demand in all trailer segments remains strong • Order banks at record levels • FY07 management changes driving improved performance • Rural sector benefiting from rainfall • “All business units are on target”.
Slide 5: Trailers
Trailers For personal use only • Unit sales up 35% on pcp • Order intake up 8% on pcp • Demand remains strong • Record order bank New Freighter EziLiner • Production rate being increased.
Slide 6: Vans
Vans For personal use only • Unit sales up 19% on record pcp • Order intake very strong • Record order bank • Production rate being increased. Maxi-CUBE vans for new grocery contract
Slide 7: Vans (cont)
Vans (cont) For personal use only • Record order intake • Record order bank • Major contract won in January ‘08 • FY07 management changes driving turn-around Peki B-Double Reefer • Production rate being increased.
Slide 8: Tippers
Tippers For personal use only • Unit sales up 10% on pcp • Order intake up 29% on pcp • Order bank very strong • Benefiting from improved Lusty EMS Waste Transfer “Walking Floor” Trailer rainfall • Favourable change in product mix.
Slide 9: Tippers (cont)
Tippers (cont) For personal use only • Unit sales up 52% on pcp • Order intake up 84% on pcp • Record order bank • FY07 management changes driving turn-around • Significantly increasing production capacity New “Hunter” model B-Double • Factory upgrade continues: − Router and plasma cutter - operatio
Slide 10: Colrain
Colrain For personal use only • Strong turnaround in 1H08 on pcp: − Revenue growth – Expansion of Wholesale into NSW and WA – New products − Divested remaining underperforming branch − Ongoing cost down and efficiency improvements − Expect revenue growth and operational efficiency to continue.
Slide 11: New Zealand
New Zealand For personal use only • Market recovering following soft FY07 – market up 19% on pcp • Sales of new units and repairs strong • Strong order bank • Order intake strengthening • Strong performance in 1H08.
Slide 12: Joint Ventures
Joint Ventures For personal use only • Freighter Maxi-CUBE Queensland − Record earnings up 48% on pcp − Performance in line with stronger market • MTC − Factory operating at near capacity.
Slide 13: Outlook 2008
Outlook 2008 For personal use only • Strong order books across all manufacturing units • 2H08 commencing with strong order intake • FY07 management changes driving turn-around • Ongoing operational improvement • Optimism flowing from improved rainfall • Colrain – expect further growth and ongoing im
Slide 14: For personal use only
For personal use only