Slide 1: Investor Presentation 2012 Full Year Results
Investor Presentation 2012 FFullll Y Year R Results lt For personal use only 17-19 SEPTEMBER 2012 SYDNEY & MELBOURNE Colin Ryan AM Sharyn Williams EXECUTIVE CHAIRMAN CHIEF FINANCIAL OFFICER
Slide 2: Disclaimer
Disclaimer For personal use only This document, and any constituent or associated presentation, information or material (collectively, the Material), is not (and does not form part of) an offer, solicitation, invitation or recommendation in respect of any securities and neither the Material nor any
Slide 3: Presentation Overview
Presentation Overview For personal use only 1. Corporate Profile 2. Background 3. Share Register 4 4. CMI BBusinesses i 5. Highlights 2012 Year 6 6. Financial Performance 7. Operating Summaries 8. Strategy & Outlook Page 3
Slide 4: Corporate Profile
Corporate Profile For personal use only Distribution of Equity Securities ASX Code CMI Share Price (13 Sep 2012) $1 95 $1.95 Issued Capital - Shares 33.8M - Options 0.6M Market Capitalisation $65.8m 1‐1,000 Cash (30 June 2012) $5.6m 1,001‐5,000 Debt (30 June 2012) $7.8m 5,001‐10,000 12 Month High /
Slide 5: Background
Background For personal use only Colin Ryan AM – BCom, LLB, FCA, FAICD (appointed 2007) • Executive Chairman • Former Queensland Managing Partner of Arthur Anderson • Former Chairman of Brisbane Airport Corporation and Deputy Chairman of Port of Brisbane Corporation & Director of several public and
Slide 6: Share Register
Share Register For personal use only Rank Name A/C Designation 12-Sep-12 % 1 LE RAE PTY LTD Catcorp p 12,420,484 , , 36.80% 2 TINKERBELL ENTERPRISES PTY LTD <Leanne Catelan Family A/C> 3,112,422 9.22% 3 MOAT INVESTMENTS PTY LTD <Moat Investment A/C> 1,076,874 3.19% 4 ALMARGEM PTY LTD <Mellet Family
Slide 7: CMI Businesses
CMI Businesses For personal use only CMI Electrical TJM Products Page 7
Slide 8: Highlights FY2012
Highlights FY2012 For personal use only • Revenue – 19% growth for Electrical • Group NPAT up 10% before impairment of loan receivable $9 $9.3m 3m • Cashflow from operations – $9.6m after $3.9m increase working capital • Net debt of $2.2m • Di id d – no dividend Dividend di id d d declared l d • Imp
Slide 9: Financial Performance
Financial Performance For personal use only FY2012 Profit Summary Electrical TJM Corp FY2012 #039;000 #039;000 #039;000 #039;000 R Revenue 73 759 73,759 39 491 39,491 1 647 1,647 114 897 114,897 EBITDA 21,778 2,237 (1,557) 22,457 EBITDA margin % 30% 6% 20% EBIT 21 546 21,546 1 039 1,039 (1 560) (1,560) 21 024 2
Slide 10: Financial Performance
Financial Performance For personal use only Special factors FY2012: Revenue – Interest income on cash deposit 120,000 (since paid out on buyback) $0.8m 100,000 80,000 – Interest income on Industrial 00 #039;00 60,000 receivable (now in receivership) 40,000 $0.8m 20,000 – Impairment loan $9.3m - – Legal
Slide 11: Financial Performance
Financial Performance For personal use only FY2012 Balance Sheet Electrical TJM Corp FY2012 #039;000 #039;000 #039;000 #039;000 Current assets 28 769 28,769 22 345 22,345 2 990 2,990 54 104 54,104 Non-current assets 9,054 5,952 425 15,431 Total assets 37,823 28,297 3,415 69,535 Current liabilities 5,979 6,619 1
Slide 12: Cash Generation
Financial Performance For personal use only Cash Generation 43 0 43.0 1.1 38.0 7.34 7.4 33.0 28.0 16.9 $m 23.0 26.20 18.0 13.0 16.1 8.0 2.34 5.6 30 3.0 Open Bal Operational Borrowings Int Recd Tax, int Buyback Capex Close Bal Page 12
Slide 13: Working Capital
Financial Performance For personal use only Working Capital 40,000 35,000 30,000 25,000 0's #039;000 20,000 TJM 15,000 Electrical 10 000 10,000 5,000 0 June 2011 June 2012 *Working Working Capital = Inventory + Trade debtors – Trade creditors Page 13
Slide 14: Electrical
Electrical For personal use only • Formed in 1998, distributes and Revenue manufactures industrial electrical 80,000 70,000 products 60,000 • Sourcing and supply of 50,000 000 40 000 40,000 plugs, l couplers, l hi highh voltage lt #039;0 30,000 cables, flexible cables and manufacture 20,000 of speciali
Slide 15: Electrical
Electrical For personal use only • Operates across 6 sites in A t li Australia • Experienced, stable management • Around 65 employees • 4 Business units • Minto Industrial Products (plugs, couplers, glands) • XLPE Cable • Aflex Flexible Cable • Hartland Cables • Minto has strong market share • Cable
Slide 16: TJM Products
TJM Products For personal use only • Established in 1973 Revenue 45,000 • Designs, distributes and 40,000 manufactures accessory products 35,000 30,000 for 4WD and light commercial 00 25,000 #039;00 vehicles 20,000 15,000 • Provides products to: 10,000 5,000 • Australian aftermarket 46% - 2010 2011 201
Slide 17: TJM Products
TJM Products For personal use only • Product range includes: • Bull bars ((Steel & Alloy) y) • Side/rear bars • Suspension • Recovery equipment • Camping equipment • Differential lockers • Snorkels & Flares • 55 branded independently owned TJM stores across Australia • E Exports to 38 countries i vi
Slide 18: External Factors
External Factors For personal use only Electrical Outlook for: • Coal mining as a result of commodity price fluctuations • Building and infrastructure development industry dependent on economic growth TJM Outlook for: • Sales growth in new 4WD & light commercial vehicles • Fluctuations in USD $ Page
Slide 19: Strategy & Outlook
Strategy & Outlook For personal use only • Continued C ti dddevelopment l t off product d t iin b both th El Electrical t i l and d TJM • Establish additional Electrical branches as required • Expand p the TJM domestic stores network • Build on existing TJM export distributor relationships • Expand
Slide 20: Why Buy CMI?
Why Buy CMI? For personal use only • S Strong d durable bl bbusinesses i with i h llong operating i hihistories i – Electrical has 15 year operating history – TJM has almost a 40 year operating history • Sustainable profit generation and strong returns from Electrical • Opportunity to turnaround TJM