Slide 1: Investor Presentation 2013 Year Results Road Show
1 ASX:KOV For personal use only Investor Presenta,on 2013 Year Results Road Show Powerstep logo Style Sheet This Primary Logo desi prim Pow To e this esta shou stre skew alte Black & White With Tag
Slide 2: Agenda
2 Agenda For personal use only FY13 Highlights Company Overview Financial Results Future • Alexander Kachellek – Managing Director • Steven McGregor – Finance Director
Slide 3: FY13 Highlights
3 FY13 Highlights For personal use only • Strong Cashflows • Hills Holdings sold 48% stake in Feb 2013 • Acquisi,on of Power Step and Titan Technologies in Feb 2013 • Board renewal – Graeme Billings appointed May 2013, one more to come • Difficult trading year, lack of major projects • Day-‐to-‐day t
Slide 4: Agenda
4 Agenda For personal use only FY13 Highlights Company Overview Financial Results Future
Slide 5: Introduction to Korvest
5 Introduc,on to Korvest For personal use only • Korvest (ASX:KOV) is headquartered in South Australia and provides cable and pipe supports, walkway systems, access systems for large mobile equipment, hydraulic tools and wrenches, and galvanising services. • Listed in September 1970 • Korvest has sa
Slide 6: Divisional Overview
6 Divisional Overview For personal use only Industrial Products Produc3on Services Powerstep logo Style Sheet This logo has been Primary Logo designed to be the primary identifier for Powerstep. To ensure consistency this standard has been established and as such should never be: stretched, condense
Slide 7: Industrial Products
7 Industrial Products For personal use only • Cable and pipe supports • Market leader in cable supports • Manufacturing facility in Kilburn, SA • Overseas supply chain • Sells to EPCMs, Wholesalers, and direct to project contractors and trade • Local manufacture allows quick response ,me and ability
Slide 8: Industrial Products
8 Industrial Products For personal use only • Fabrica,on of walkway systems • Gra,ng and handrail • Majority of work is made to order based on customer drawings • Sell to EPCMs and other fabricators • Sale of component parts • Fabrica,on facility at Kilburn, South Australia • Ver,cal integra,on with
Slide 9: Power Step
9 Powerstep logo Style Sheet Primary Logo This logo has been designed to be the Power Step primary identifier for Powerstep. For personal use only To ensure consistency this standard has been established and as such should never be: stretched, condensed, • BlackHydraulic/Electric Access Systems for
Slide 10: Titan Technologies
10 Titan Technologies For personal use only • Hydraulic tools and wrenches • Sale • Hire • Repair • Markets • Large scale construc,on • Power sta,ons • Industrial sites • Mines • Wind towers
Slide 11: Production Services
11 Produc,on Services For personal use only • Longest galvanising kekle in Australia (14m) • South Australia’s only centrifuge plant (na,onal market) • Predominantly structural work for SA projects or fabrica,ons • In-‐house work for EzyStrut and Indax
Slide 12: Agenda
12 Agenda For personal use only FY13 Highlights Company Overview Financial Results Future
Slide 13: Headline Numbers
13 Headline Numbers For personal use only June 2013 June 2012 % Change Sales $61.72m $72.32m (14.7%) EBIT $5.34m $8.59m (37.8%) Opera,ng cashflow $7.52m $8.68m (13.4%) Earnings per share 44.0c 71.6c (38.5%) Dividend per share 46.0c 53.0c (13.2%) • Results reflect lack of project work and 2H deteria,on
Slide 14: Industrial Products
14 Industrial Products For personal use only June 2013 June 2012 % Change Sales $55.5m $66.54m (16.6%) EBIT $3.81m $7.68m (50.4%) EBIT % 6.9% 11.5% § Trading Update – EzyStrut • Major projects diminished • Result underpinned by smaller projects and day-‐to-‐day • Inconsistent results na,onally •
Slide 15: Industrial Products
15 Industrial Products For personal use only June 2013 June 2012 % Change Sales $55.5m $66.54m (16.6%) EBIT $3.81m $7.68m (50.4%) EBIT % 6.9% 11.5% Powerstep logo Style Sheet This logo has been Primary Logo designed to be the primary identifier for Powerstep. § Trading Update – Power Step To ensure
Slide 16: Production Services
16 Produc,on Services For personal use only June 2013 June 2012 % Change Sales $6.21m $5.78m 7.4% EBIT $1.69m $1.32m 28.0% EBIT % 27.3% 22.9% § Trading Update – Korvest Galvanisers • Main plant volumes increased • Internal tonnes reduces • Spin plant volumes reduced • Success of SA fabricators • Lo
Slide 17: Balance Sheet
17 Balance Sheet For personal use only June Y/E A$m June 2013 June 2012 June 2011 ASSETS Cash 2.4 5.2 1.6 Receivables 12.5 14.8 16.0 Inventories 9.5 8.6 9.2 Property, Plant & Equipment 17.5 17.4 17.2 Goodwill and intangibles 2.1 -‐ -‐ Total Assets 44.0 46.0 44.0 LIABILITIES Payables (5.2) (5.1) (7
Slide 18: Dividends
18 Dividends For personal use only FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 Interim 26c 18c 11c 17c 17c Special Interim 5c Final Dividend 20c 30c 15c 15c 17c Total Dividend 46c 53c 26c 32c 34c Franking 100% 100% 100% 100% 100% § Upcoming Dates • Record Date: 23rd August 2013 • Payment Date: 6th Sept
Slide 19: Agenda
19 Agenda For personal use only FY13 Highlights Company Overview Financial Results Future
Slide 20: Future
20 Future For personal use only • Pursue project opportuni,es as they arise • LNG in WA, NT, QLD • Tunnels in QLD, NSW, NZ • Mines QLD, WA • New Products • Acquisi,ons with synergies • Separa,on from Hills – IT and ERP • Dividend payout target range 65%-‐90%
Slide 21: For personal use only
21 For personal use only Australia’s leading range of cable & pipe supports. www.ezystrut.com.au Premium suppliers of gra,ng, handrail, stanchions, and other walkway infrastructure. Powerstep logo Style Sheet www.indax.com.au This logo has been Primary Logo designed to be the primary identifier for