Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (February 2015)
16 slides from Saunders International's investor presentation, February 2015
Slide 1: Saunders International Ltd February 2015
Saunders International Ltd February 2015
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT Corporate Focus: design, construction and maintenance of steel storage tanks and the project management of ancillary facilities Price A$0.75 Share Price Performance and Volume as of 25/02/15 ASX Code SND Shares issued 79.0M Options - Market Cap A$59M Cash A$20.5M Top 20 Shareholde
Slide 3: Business Description
BUSINESS DESCRIPTION The business was founded in 1951 and specialises in the design, construction and maintenance of steel bulk liquid storage tanks. Saunders’ products and services are provided via two inter related models: − Design & Construction; and − Facilities Maintenance. DESIGN & CONSTRUCTIO
Slide 4: Design & Construction Recent Projects
DESIGN & CONSTRUCTION RECENT PROJECTS: TERMINALS PTY LTD Botany, NSW Value $9.5M 4 SAUNDERS INTERNATIONAL LIMITED
Slide 5: Design & Construction Recent Projects
DESIGN & CONSTRUCTION RECENT PROJECTS: ORICA Botany, NSW Value $2.1M 5 SAUNDERS INTERNATIONAL LIMITED
Slide 6: Facility Maintenance Recent Projects
FACILITY MAINTENANCE RECENT PROJECTS: BP Kwinana, WA Tank 95 Strake Replacement 6 SAUNDERS INTERNATIONAL LIMITED
Slide 7: Recent Projects: Refinery Pipework
RECENT PROJECTS: Refinery Pipework BP Bulwer Island Part of Saunders Expanded Services 7 SAUNDERS INTERNATIONAL LIMITED
Slide 8: First Half FY2015 Revenue
FIRST HALF FY2015 REVENUE Total Revenue $24,193 Split of Facilities Maintenance and Design & Construct 60/40 Total number of customers 15 Repeat Customers 13 Percent of Revenue 98% New Customers 2 Percent of Revenue 2% 8 SAUNDERS INTERNATIONAL LIMITED
Slide 9: H1FY15 Geographical Revenue Distribution
H1FY15 GEOGRAPHICAL REVENUE DISTRIBUTION VIC, 4% QLD, 14% QLD WA, 11% WA SA SA, 1% NSW NSW, 64% VIC Decrease in Revenue from South Australia due to completion of large Terminal Project. Next large project commences April 2015. Increase in Revenue from NSW due to increased Oil Terminal activity i
Slide 10: H1FY15 New Contracts Secured Sector Distribution
H1FY15 NEW CONTRACTS SECURED SECTOR DISTRIBUTION Oil & Gas Oil & Gas 100% Total New Contracts $24M – does not include contracts secured since 31 Dec 2014 (Approx. value $12M) Continued emphasis on Terminal Construction and Maintenance 10 SAUNDERS INTERNATIONAL LIMITED
Slide 11: Outlook Second Half FY2015
OUTLOOK SECOND HALF FY2015 Work in hand 31 Dec 2014 30 Jun 2014 34m 28m 11 SAUNDERS INTERNATIONAL LIMITED
Slide 12: Outlook Second Half FY2015
OUTLOOK SECOND HALF FY2015 Design and Construct - Work in Hand of $34 million Work in Hand to carry into FY16 Competitive market place still putting pressure on margins Second half profit expected to be less than first half New projects still slow to be released Strong emphasis on expandin
Slide 13: Outlook Second Half FY2015
OUTLOOK SECOND HALF FY2015 Facilities Maintenance - Reduced Revenue from Refinery Maintenance Focus on executing BP Brisbane conversion contract and winning Viva (Shell) conversion contract for Clyde Continue emphasis on securing non-refinery maintenance work 13 SAUNDERS INTERNATIONAL LIMITED
Slide 14: Financial Metrics
FINANCIAL METRICS KEY FINANCIAL STATISTICS 31 December 2014 31 December 2013 Revenue $24.2 m $33.1 m EBITDA $4.0 m $4.0 m EBITDA % margin 16.5% 12% EBIT $3.7 m $3.7 m NPBT $3.9 m $4.0 m NPAT $2.7 m $2.8 m EPS 3.47 cents 3.55 cents FY 2015 Dividend Interim Dividend per Share 2.0 cents 2.0 cents (full
Slide 15: Balance Sheet
BALANCE SHEET BALANCE SHEET ($ Million) 31 DECEMBER 2014 30 JUNE 2014 Assets Strong cash reserves Cash 20,509 18,219 No debt Trade receivables 2,120 10,673 Plant and equipment 2,129 1,787 Deferred tax assets 993 1,378 Others 1,007 454 Total Assets 26,758 32,511 Liabilities Payables 4,542 8,504 T
Slide 16: Business Strategy
FINANCIAL PERFORMANCE BUSINESS STRATEGY Design & Construction: − Leverage enhanced Process Engineering capacity to secure EPC contracts for Tankage related projects − Position the business to capitalise on any Fuel Terminal expansion which may be required due to the restructure of Shell, BP and Ca
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