Lindsay Australia Limited · ASX:LAU
Lindsay Australia — FY2014 Earnings Presentation
35 slides from Lindsay Australia's earnings presentation, Oct 14, 2014
Slide 1: Investor Presentation: FY2014 Full Year Results
Investor Presentation For personal use only FY2014 Full Year Results
Slide 2: Disclaimer
Disclaimer For personal use only Despite anything stated in this notice or elsewhere in the document, none of the information (whether considered separately or together) constitutes an offer, invitation, solicitation, advice or recommendation with respect to the issue, purchase or sale of any shares
Slide 3: Contents
For personal use only Contents
Slide 4: Contents
Contents For personal use only 1. Overview page 5 2. Shareholder Information page 12 3. Lindsay Transport page 17 4. Lindsay Rural page 23 5. Dividends page 28 6. Appendices page 30 4
Slide 5: Overview
For personal use only Overview
Slide 6: About Lindsay Australia
About Lindsay Australia For personal use only Lindsay Transport, Lindsay Rural and Lindsay Fresh Logistics are divisions of Lindsay Australia Limited, a fully integrated transport, logistics, and rural supply company, with a focus on premium service to major customers in the food processing, food se
Slide 7: About Lindsay Australia Cont.
About Lindsay Australia Cont. For personal use only Directors • Kim Lindsay CEO and Managing Director • John Pressler Non-Executive Chairman • Les Hancock Non-Executive Director • Richard Anderson Non-Executive Director • Greg Farrell Non-Executive Director Senior Management • Graham Johnston CFO an
Slide 8: Structure
Structure For personal use only Lindsay Australia Limited ABN 81 061 642 733 Lindsay Transport Pty Ltd Lindsay Fresh Logistics Pty Ltd Lindsay Rural Pty Ltd ABN 62 055 792 919 ABN 90 600 103 142 ABN 80 090 821 300 OVERVIEW 8
Slide 9: Locations
For personal use only OVERVIEW Locations 9
Slide 10: Strategy and Objectives
Strategy and Objectives For personal use only Strategic alignment to refrigerated transport sector Servicing the East of Australia, Western Australia is serviced by subcontractor arrangements Growth of The Lindsay Solution in new and existing geographic areas, for rural and transport customers
Slide 11: The Lindsay Solution
The Lindsay Solution For personal use only Lindsay Rural and Lindsay Transport share common customers in the horticulture industry which enables a strategic advantage by providing unique end-to-end service solution to horticulture customers, the Lindsay Solution. Lindsay Rural Inputs Outputs Lindsay
Slide 12: Shareholder Information
Shareholder Information For personal use only
Slide 13: Overview
Overview For personal use only Listed on ASX in 2002 Market Cap of $86 million* Major Shareholders as at 31st July 2014 -Mizikovsky Group 5.9% -Mulawa Holdings 11.7% -Orora Limited 10.6% -Lindsay Family Interest (1) 16.8% -Washington H Soul Pattison & Co 18.5% (1) Total Interest held by indivi
Slide 14: Share Performance
Share Performance For personal use only 0.40 6,000 0.35 5,000 0.30 4,000 0.25 0.20 3,000 0.15 2,000 0.10 1,000 0.05 0.00 0 2007 2008 2009 2010 2011 2012 2013 2014 LAU Industrials Index SHAREHOLDER INFORMATION 14
Slide 15: 2014 Full Year Results and Highlights
2014 Full Year Results and Highlights For personal use only 2014 2013 % Increase $’000 $’000 (Decrease) Full Year ended 30th June 2014 Results Revenue 311,134 283,465 9.8% Earnings Before Interest, Tax, Depreciation 27,676 28,709 (3.6%) and Amortisation Net Profit after Tax 6,497 7,181 (9.5%) Earnin
Slide 16: 2014 Full Year Segmented Performance
2014 Full Year Segmented Performance For personal use only 2014 2013 % Increase $’000 $’000 (Decrease) Transport Divisional Sales 223,277 200,561 11.3% Divisional Profit 18,782 20,514 (8.4%) Profit Margin % 8.4% 10.2% (17.6%) Rural Divisional Sales 90,054 84,497 6.6% Divisional Profit 5,148 3,516 46
Slide 17: Lindsay Transport
For personal use only Lindsay Transport
Slide 18: About Lindsay Transport
About Lindsay Transport For personal use only Lindsay Brothers Transport was founded by Thomas and Peter Lindsay in 1953 Purpose-built refrigerated and ambient equipment fleet, over 1,000 vehicles Approximately 90% of revenue derived from food, or food related customers 16 terminals on the e
Slide 19: Fleet Distribution
Fleet Distribution For personal use only 600 500 400 300 200 100 0 Forklifts Prime Movers Rigid Trucks Sedans & Utilities Trailers LINDSAY TRANSPORT 19
Slide 20: Operational Statistics
Operational Statistics For personal use only Kilometres: over 53 million kilometres per annum Fuel: over 33 million litres per annum Employees: 801 employees as at 30th June 2014 Fatigue, Maintenance and Mass accredited under National Heavy Vehicle Accreditation Scheme (NHVAS) LINDSAY TRANSP
Slide 21: Key Performance Drivers
Key Performance Drivers For personal use only Operational performance – on-time delivery Customer yield – volume of freight and maximising customer relationship Balanced freight – ability to maximise round-trip profitability Load maximisation – ability to load trucks to maximum weight Qual
Slide 22: Divisional Performance
Divisional Performance For personal use only 250,000 25,000 200,000 20,000 150,000 15,000 100,000 10,000 50,000 5,000 0 0 FY09 FY10 FY11 FY12 FY13 FY14 Total Divisional Sales inc Inter-Segment Sales Divisional Profit LINDSAY TRANSPORT 22
Slide 23: Lindsay Rural
For personal use only Lindsay Rural
Slide 24: About Lindsay Rural
About Lindsay Rural For personal use only Originally P&H Rural Supplies established in Bundaberg Region in 1984 Rural merchandising of packaging, nutrients, chemicals and fertilisers Portion of customer base in common to Transport and Rural 15 stores located in strategic horticultural and ru
Slide 25: Operational Statistics
Operational Statistics For personal use only 101 employees as at 30th June 2014 HACCP and Agsafe accredited Product mix: - Fertiliser 16% - Packaging 32% - Chemicals 17% - Nutrients 14% - Irrigation 4% - Other 17% LINDSAY RURAL 25
Slide 26: Key Performance Drivers
Key Performance Drivers For personal use only Sales growth Stock control Customer service Training of sales personnel Labour and property cost control Regional weather and annual rainfall Margin maintenance and improvement … LINDSAY RURAL 26
Slide 27: Divisional Performance
Divisional Performance For personal use only 92,000 6,000 90,000 5,000 88,000 86,000 4,000 84,000 82,000 3,000 80,000 2,000 78,000 76,000 1,000 74,000 72,000 0 FY09 FY10 FY11 FY12 FY13 FY14 Total Divisional Sales inc Inter-Segment Sales Divisional Profit LINDSAY RURAL 27
Slide 28: Dividends
For personal use only Dividends
Slide 29: Dividends
Dividends For personal use only A fully franked final dividend for FY2014 of 0.9 cents per share has been declared. The company’s dividend re-investment plan continues in force. 2.50 2.00 1.50 1.00 0.50 0.00 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Final Interim Total DIVIDENDS 29
Slide 30: Appendices
For personal use only Appendices
Slide 31: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income Ful l Year Ended 30th June 2014 For personal use only 2014 2013 $’000 $’000 Revenues 311,134 283,465 Other income 379 651 311,513 284,115 Expenses Changes in inventories 1,963 (2,309) Purchase of inventories (73,488) (65,577) Fuel and oil costs (40,663)
Slide 32: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position Ful l Year Ended 30th June 2014 For personal use only 2014 2013 $’000 $’000 Current assets Cash and cash equivalents 17,152 9,953 Trade and other receivables 42,565 41,554 Inventories 13,291 10,680 Other 4,854 3,843 Total current assets 77,862 66,030 Non-
Slide 33: Consolidated Statement of Financial Position Cont.
Consolidated Statement of Financial Position Ful l Year Ended 30th June 2014 Cont. For personal use only 2014 2013 $’000 $’000 Current liabilities Trade and other payables 26,061 25,024 Borrowings 25,213 25,813 Current tax liabilities 2,257 1,462 Provisions 5,455 4,975 Other 1,402 2,140 Total curren
Slide 34: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows Ful l Year Ended 30th June 2014 For personal use only 2014 2013 $’000 $’000 Cash flows from operating activities Receipts in course of operations 340,486 313,155 Payments to suppliers and employees (316,858) (281,766) Interest received 765 486 Income taxes paid (
Slide 35: For personal use only
For personal use only www.lindsayaustralia.com.au 44b Cambridge Street, Rocklea QLD 4108 07 3240 4900