Slide 1: Financial Results for the Full Year Ended 30 June 2012
For personal use only Financial Results for the Full Year Ended 30 June 2012 Sims Metal Management Limited ASX Code: SGM NYSE Code: SMS Supplemental Information 23 August 2012
Slide 2: Disclaimer
Disclaimer For personal use only This presentation may contain forward-looking statements, including statements about Sims Metal Management’s financial condition, results of operations, earnings outlook and prospects. Forward looking statements are typically identified by words such as “plan,” “beli
Slide 3: Group Financial Performance
Group Financial Performance For personal use only FY 2012 FY 2011 Change (%) Sales Revenue ($m) 9,035.7 8,846.8 2.1 EBITDA ($m) (excludes impairment of goodwill and intangible assets) 230.2 430.3 (46.5) Underlying EBITDA ($m)* 253.2 414.0 (38.8) Goodwill & Intangible Asset Impairment ($m) 615.1 - -
Slide 4: Sales Revenue by Region
Sales Revenue by Region For personal use only FY 2012 FY 2011 13.6% 19.7% 16.8% 15.5% Australasia North America Europe 66.7% 67.7% Change (1) Decreased sales revenue in Australasia primarily relates to $m FY 2012 FY 2011 (%) declines in Manufacturing/Other sales and non-ferrous trading. (2) Increase
Slide 5: Sales Revenue by Product
Sales Revenue by Product For personal use only FY 2012 FY 2011 1.2% 11.2% 2.2% 8.9% 0.3% Ferrous Trading 0.7% Non Ferrous Shred Recovery 18.0% Ferrous Brokerage 18.8% 48.3% 48.2% Non Ferrous Trading Non Ferrous Brokerage 17.4% Manufacturing/Other Manufacturing/JVs 17.4% 3.6% Recycling Solutions 3.8%
Slide 6: EBITA (pre-goodwill and intangible asset impairment) by Region
EBITA (pre-goodwill and intangible asset impairment) by Region For personal use only $160 140.6 $140 $120 106.3 87.3 102.3 (#039;s in millions) $100 $80 52.1 $60 FY 2012 $40 FY 2011 $20 (5.6) (26.8) $0 (2.1) -$20 -$40 (25.7) (28.4) Australasia North America Europe Corporate Amortisation of intangibles
Slide 7: Significant Items by Region
Significant Items by Region For personal use only Group Pre-Tax After-Tax Australasia North America Europe Corporate Total Total $m FY 2012 Non-cash Goodwill & Intangible Asset Impairment $ 3.6 $ 569.1 $ 42.4 $ - $ 615.1 $ 594.2 Inventory Adjustments to Net Realisable Value 2.3 14.8 4.2 - 21.3 13.9
Slide 8: EBITA (pre-goodwill and intangible asset impairment) by Product
EBITA (pre-goodwill and intangible asset impairment) by Product For personal use only $200 181.7 $175 ($’s in millions) $150 114.4 $125 92.9 94.1 $100 63.9 71.2 $75 FY 2012 $50 30.0 14.623.4 1.6 19.5 FY 2011 $25 1.1 $0 Change $m FY 2012 FY 2011 (%) (1) EBIT by Product is presented pre-corporate cost
Slide 9: EBIT Change by Region
EBIT (pre-goodwill and intangible asset impairment) Change by Region For personal use only 340 19.0 300 260 (166.3) $ million 220 180 299.7 140 (50.2) 100 (3.5) 1.6 100.3 Corporate Amortisation of FY 2011 EBIT Australasia North America Europe FY 2012 EBIT Costs Intangibles 9
Slide 10: EBIT Change by Product
EBIT (pre-goodwill and intangible asset impairment) Change by Product For personal use only 300 275 250 (126.6) $ million 225 200 299.7 175 (22.2) 150 (20.3) 125 (10.5) (21.4) 100 1.6 100.3 Non-ferrous Ferrous Trading Recycling Mfg/JV’s/ Amortisation of FY 2011 EBIT Trading & Corporate Costs FY 2012
Slide 11: Intake Volumes by Region
Intake Volumes by Region For personal use only FY 2012 FY 2011 11.5% 12.5% 10.4% 12.2% Australasia North America Europe 76.0% 77.4% Change (1) Growth in Europe primarily relates to the acquisition of Dunn Total Tonnes (‘000’s) FY 2012 FY 2011 (%) Brothers late in FY 2011. Australasia 1,791 1,745 2.6
Slide 12: Intake Volumes by Product
Intake Volumes by Product For personal use only FY 2012 FY 2011 3.9% 0.4% 0.3% Ferrous Shredded (incl. 4.0% NFSR) 25.2% Other Processed Ferrous 24.1% 34.7% Ferrous Brokerage 38.5% Non Ferrous Trading/Brokerage Other 35.8% 33.1% Change (1) Ferrous brokerage tonnes includes sales associated with Total
Slide 13: Sales Volume by Region
Sales Volume by Region For personal use only FY 2012 FY 2011 11.4% 12.2% 10.3% 12.5% Australasia North America Europe 76.4% 77.2% Change (1) Growth in Europe primarily relates to the acquisition Total Tonnes (‘000’s) FY 2012 FY 2011 (%) of Dunn Brothers late in FY 2011. Australasia 1,772 1,774 (0.1)
Slide 14: Sales Volume by Product
Sales Volume by Product For personal use only FY 2012 FY 2011 4.0% 0.3% 4.0% 0.3% Ferrous Shredded (inc. NFSR) 24.9% Other Processed Ferrous 24.8% 35.1% 38.1% Ferrous Brokerage Non Ferrous Trading/Brokerage Other 35.7% 32.8% Change Total Tonnes (‘000’s) FY 2012 FY 2011 (%) (1) Ferrous brokerage tonn
Slide 15: Sales by Destination (Ex-Country of Sourcing)
Sales by Destination (Ex-Country of Sourcing) For personal use only • Domestic sales refer to sales in country of sourcing 15
Slide 16: Group Income Statement
Group Income Statement For personal use only $m FY 2012 FY 2011 Change ($) Change (%) Sales Revenue $ 9,035.7 $ 8,846.8 $ 188.9 2.1 EBITDA (excludes impairment of goodwill and 230.2 430.3 (200.1) (46.5) intangible assets) Underlying EBITDA (1) 253.2 414.0 (160.8) (38.8) EBIT (514.8) 299.7 (814.5) (2
Slide 17: Group Balance Sheet
Group Balance Sheet For personal use only $m FY 2012 FY 2011 Change ($) Change (%) Current Assets $ 1,484.2 $ 1,766.5 (282.3) (16.0) Non-current Assets 2,135.8 2,413.3 (277.5) (11.5) Total Assets 3,620.0 4,179.8 (559.8) (13.4) Current Liabilities 734.2 823.3 (89.1) (10.8) Non-current Borrowings 329.
Slide 18: Group Cash Flow
Group Cash Flow For personal use only $m FY 2012 FY 2011 Change ($) (Loss) / Profit for the year $ (521.4) $ 192.1 $ (713.5) Adjustments for non-cash items Depreciation and amortisation 129.9 130.6 (0.7) Impairment of goodwill, PP&E & intangible assets 615.5 - 615.5 Gain on sale of jointly controlle
Slide 19: North America Results
North America Results For personal use only FY 2012 FY 2011 Change (%) Sales Revenue ($m) $ 6,027.0 $ 5,993.0 0.6 EBITDA ($m) (excludes impairment of goodwill and 26.8 196.9 (86.4) intangible assets) (1) Underlying EBITDA ($m) (2) 73.8 200.3 (63.2) Depreciation (52.5) (56.3) 6.8 EBITA ($m) (1) (25.7
Slide 20: Australasia Results
Australasia Results For personal use only FY 2012 FY 2011 Change (%) Sales Revenue ($m) $ 1,228.1 $ 1,369.2 (10.3) EBITDA ($m) (excludes impairment of goodwill) (1) 130.4 108.7 20.0 Underlying EBITDA ($m) (2) 100.0 110.3 (9.3) Depreciation (24.1) (21.4) (12.6) EBITA ($m) (1) 106.3 87.3 21.8 Underlyi
Slide 21: Europe Results
Europe Results For personal use only FY 2012 FY 2011 Change (%) Sales Revenue ($m) $ 1,780.6 $ 1,484.6 19.9 EBITDA ($m) (excludes impairment of goodwill) 78.1 126.4 (38.2) Underlying EBITDA ($m)* 84.5 116.1 (27.2) Depreciation (26.0) (24.1) (7.9) EBITA ($m) 52.1 102.3 (49.1) Underlying EBITA ($m)* 5
Slide 22: For personal use only
For personal use only J SIMS VIETAL MANAGEMENT RIGHT. NOW.