Maxiparts Limited · ASX:MXI
Maxiparts — MaxiTRANS Industries — Shareholder Meeting (October 2016)
15 slides from Maxiparts's shareholder meeting presentation, Oct 21, 2016
Slide 1: MaxiTRANS Industries Limited Annual General Meeting
For personal use only MaxiTRANS Industries Limited Annual General Meeting 21st October, 2016
Slide 2: FY16 Year in Review
FY16 YEAR IN REVIEW For personal use only • MaxiTRANS has delivered an improved result in FY16 • Revenue up 3.3% to $340.2 million • Underlying profit after tax up 39% to $8.75 million and above market guidance range • Reported net profit after tax up 16% to $5.2 million after significant items rela
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue For personal use only FY15 FY16 % Change 370 $’000 $’000 on FY15 350 330 AUD$ m 310 Revenue $329,165 $340,179 +3.3% 290 270 EBITDA* $16,247 $18,594 +14% 250 F2012 F2013 F2014 F2015 F2016 Underlying Net Profit After Tax* 30 NPBT* $8,079 $11,840 +47% 25 20 NPAT AUD$ m attr
Slide 4: Financial Highlights Continued
FINANCIAL HIGHLIGHTS Continued… FY 15 FY16 % Change on For personal use only $’000 $’000 FY15 Operating Cashflow $12,138 $21,196 +75% Net Debt $42,957 $32,321 -25% Net Debt / Equity 36% 26% -10 ppts EPS (basic) cents 2.43 2.83 +16% EPS (underlying) cents 3.41 4.73 +39% Total Dividends declared 2.0 3
Slide 5: Trailers - Australia
TRAILERS - AUSTRALIA For personal use only • Unit sales 10% lower in H2 FY16 than H1 FY16 due to the Australian Federal election announcement and RSRT contractor minimum rates issue • Opened company owned dealership in NSW at Smeaton Grange in November, 2015 to capitalise on opportunities in a buoya
Slide 6: Maxi-CUBE
MAXI-CUBE For personal use only • Best performing product line with unit sales growing 26% on pcp • Efficiencies from manufacturing continuous improvement program helped to protect margins • Strong order bank at 30 June ’16 • Significant opportunities being pursued in FY17 • New PanelMasta Ultra-Pan
Slide 7: Freighter
FREIGHTER For personal use only • Unit sales 12% below pcp due to the Australian Federal election and RSRT issue mostly impacted Freighter general freight products • Order bank at 30 June ‘16 up 12% on pcp • Strong innovation focus has seen a number of product enhancements released and well received
Slide 8: Tippers
TIPPERS For personal use only • Unit sales up 4% on pcp • Closure of Bundaberg facility in November ‘15 optimises manufacturing footprint • Good recent rains boosting confidence in agriculture sector across eastern Australia • Opening of NSW dealership will improve our penetration in the infrastruct
Slide 9: Trailers - New Zealand
TRAILERS - NEW ZEALAND For personal use only • Unit sales up 5.8% driven by growth in Freighter sales (up 34% on pcp) • Announcement of proposed regulation changes for vans significantly impacted demand in H2 FY16 • Impact of the above drove less profitable product mix adversely impacting revenue an
Slide 10: MaxiPARTS
MAXIPARTS For personal use only • Further softening in Qld and WA markets drove 7% revenue decline • Profit flat on pcp due to cost saving initiatives and non-recurrence of product recall costs incurred in FY15 • New business initiatives launched in H2 FY16 • “MaxiSTOCK” customer inventory managemen
Slide 11: Maxi-CUBE Tong Composites (MTC)
MAXI-CUBE TONG COMPOSITES (MTC) (1) For personal use only • Revenue up 43% on pcp • Profit up 200% on pcp • New value added products for China and export markets to fuel additional growth (1) – 80% owned
Slide 12: Dealerships and Joint Ventures
DEALERSHIPS AND JOINT VENTURES For personal use only MaxiTRANS SA (80%) TRAILER SALES QLD (36.67%) • Revenue up 14% on pcp • Contribution up 9% on pcp represents a strong result in a soft market • Profit up 141% on pcp due to stronger sales and good cost control
Slide 13: FY17 Outlook
FY17 For personal use only • Australian Trailer business • The trailer market has not recovered since the Federal Election and minimum sub- contractor rates issue. • Good rains have boosted sales of tippers into the agricultural sector in H1. • Opportunities exist for Freighter and Maxi-CUBE. • Aust
Slide 14: Proxy Voting
Proxy Voting For personal use only Resolution 1 Resolution 2 Resolution 3 Remuneration Report Election of Director – Grant of Performance Samantha Hogg Rights to Managing Director Votes in Favour 65,306,852 78,716,378 62,817,895 Votes Against 2,706,442 471,224 5,661,020 Votes Abstaining 2,403,282 33
Slide 15: For personal use only
_#REIGHTER [WERGOUBE) HamelexWhite LUSTY EMS
MaxiTRANS Industries — Shareholder Meeting (October 2016) on 6ix