Maxiparts Limited · ASX:MXI

Maxiparts — MaxiTRANS Industries — H1 FY2013 Earnings Presentation

15 slides from Maxiparts's earnings presentation, Feb 22, 2013

  1. Slide 1: MaxiTRANS Industries Limited Half Year Ended 31 December 2012

    MaxiTRANS Industries Limited For personal use only Half Year Ended 31 December 2012

  2. Slide 2: Financial Highlights

    Financial Highlights For personal use only Sales $M NPAT $M 200 14 180 12 160 140 10 120 8 100 6 80 60 4 40 2 20 0 0 1H11 2H11 1H12 2H12 1H13 *1H11 *2H11 1H12 2H12 1H13 *Note: Excludes impact of restructuring charges and non-operating gains. 2

  3. Slide 3: 1H13 Overview

    1H13 Overview For personal use only • Record first half result • Revenue up 42% on pcp • Order intake up 4% on pcp • Strong demand from agriculture and mining & resources • Strong order bank across most brands • Margin improvement – increased volume, lower cost base and increased parts & service rev

  4. Slide 4: Emphasis on Stable, Low Risk Growth

    Emphasis on Stable, Low Risk Growth For personal use only 40% MaxiTRANS’ Parts & FY08 1H13 35% Service segment has: 30% • Increased its share 16% 35% of revenue 25% • Increased its NPBT 20% 5.8% 10.3% margin* 15% • Increased its 10% contribution to 11% 37% 5% segment NPBT 0% Share of NPBT Margin % o

  5. Slide 5: Financial Highlights

    Financial Highlights For personal use only 1H11 1H12 1H13 % change on $000 $000 $000 1H12 Revenue 103,115 134,117 189,867 +42% Underlying EBITDA 4,588* 11,612 22,189 +91% Underlying NPBT 1,041* 8,329 17,993 +116% Underlying NPAT 1,020* 6,109 12,902 +111% Impairment / Restructuring charges (1,218) -

  6. Slide 6: Financial Highlights (cont)

    Financial Highlights (cont) For personal use only 1H11 1H12 1H13 Change on $000 $000 $000 1H12 Operating cash flow 4,039 9,678 5,389 (4,289) Net debt 19,456 3,380 29,624** +26,244 Net debt/equity % 22% 3% 27% - EPS (basic) (cents) 0.56* 3.27 6.97 +113% Interim dividend declared - 2.00 4.25 +112% (ce

  7. Slide 7: MaxiPARTS

    MaxiPARTS For personal use only • Revenue up 91% on pcp • Record profit: up 82% on pcp • QDS operational integration successfully completed New Product Ranges • Synergy realisation substantially in line with plan: • Cost rationalisation • Purchasing synergies • Product cross-selling • New product ra

  8. Slide 8: Trailers

    Trailers For personal use only • Unit sales up 32% on pcp • Order intake up 21% on pcp • Strong order bank at end 1H13 (up 41% on pcp). Unit purpose built for Torque Logistics to transport mining equipment manufactured by Joy Global 8

  9. Slide 9: Vans

    Vans For personal use only • Unit sales down 6% on pcp • Order intake down 20% on pcp • Strong order bank at end 1H13 (Up 3% on 30/6/12) • Very strong January order intake • Good demand from major fleets. All New Drop Deck Slide- A-Side B-Double 9

  10. Slide 10: Tippers

    Tippers For personal use only • Unit sales up 66% on pcp • Order intake down 9% on pcp • Construction and infrastructure demand soft • Agricultural demand has slowed • Strong growth in AZMEB order intake since acquisition – distribution expansion. Hamelex White Truck & Dog Lusty EMS B-Double at Tran

  11. Slide 11: New Zealand

    New Zealand For personal use only • Difficult trading conditions in 1H13 • 1H13 order intake up 84% on 2H12 • Strong order bank at 31/12/12 (up 35% on 30/6/12). Quad Axle Freighter Skel designed and manufactured in New Zealand 11

  12. Slide 12: MTC – Yangzhou, China

    MTC – Yangzhou, China For personal use only • Operating at or near capacity – strong market demand • New factory nearing completion - expected to be operational in 1H14 • Short term transition impact in 2H13. New Factory nears completion 12

  13. Slide 13: Dealerships & Joint Ventures

    Dealerships & Joint Ventures For personal use only Transport Connection (80%): Trailer Sales Qld (36.67%): • Integration successfully completed • Profit contribution up 60% on pcp • All MXI brands under one roof in • Awarded distribution for Hamelex South Australia White for Qld & Northern NSW to st

  14. Slide 14: Outlook FY13

    Outlook FY13 For personal use only • Order enquiry and quotation activity remain strong for trailers, vans and AZMEB – solid order intake in January • Commencing 2H13 with a strong order bank (up 5% on pcp – currently out to June) • Expect continued demand from resources • MaxiPARTS forecast to cont

  15. Slide 15: For personal use only

    B4 NiaxXiTRANS _LUSTV EMS oo ~ HamelexWhite ACMEB Your P lartner in Parts

MaxiTRANS Industries — H1 FY2013 Earnings Presentation on 6ix