Clarke Inc. · TSX:CKI
Clarke — Shareholder Meeting (May 2006)
22 slides from Clarke's shareholder meeting presentation, May 9, 2006
Slide 1: Clarke Inc. Annual General Meeting May 9, 2006
CLARKE INC. ANNUAL GENERAL MEETING MAY 9, 2006
Slide 2: Clarke Annual General Meeting
Clarke Annual General Meeting Official Business Clarke – Yesterday and Today Financial Review Clarke – Tomorrow
Slide 3: Official Business
OFFICIAL BUSINESS Hugh Smith Chairman of the Board
Slide 4: Official Business
Official Business • Appointment of Scrutineer and report on attendance and quorum • Notice of Meeting and Minutes of last Meeting • Receipt of 2005 consolidated financial statements • Nominees for election as Director • Appointment of Auditors
Slide 5: Clarke – Yesterday and Today
CLARKE – YESTERDAY AND TODAY GEORGE ARMOYAN PRESIDENT & CEO
Slide 6: What Has Changed (2003 – 2005)
What Has Changed (2003 – 2005) • Complete Revamp of Executive Team • Significant Board Changes – Ownership interest now aligns with shareholders • Relentless Focus on Creating Shareholder Value – Improving Efficiency and Productivity – Value Creating Divestitures – Accretive and Strategic Growth Opp
Slide 7: Significant Events
SIGNIFICANT EVENTS ATS Andlauer IPO ATS Call Option Clarke Shipping Inc. ICW Joint Venture Warehouse Property Sales $70 M Convertible Debenture Issue
Slide 8: Marketable Securities
MARKETABLE SECURITIES 2004 2005 47.7 50 50 45.2 45 45 40 40 35 35 30 30 25 25 20 15.4 20 15 12.4 15 10 10 5 5 0 0 Net Book Value Fair Market Value Net Book Value Fair Market Value
Slide 9: Clarke Yesterday and Today – Closing Share Price
CLARKE YESTERDAY AND TODAY $26.00 $24.00 $22.00 Closing Share Price (C$) $20.00 November 2002 $18.00 George Armoyan is appointed Chairman of the Board $16.00 August 2001 Geosam Investments increases ownership to 11.0% $14.00 $12.00 $10.00 $8.00 March 2003 George Armoyan assumes $6.00 December 2001 G
Slide 10: Fiscal 2005 in Review
FISCAL 2005 IN REVIEW JAN IMESON CHIEF FINANCIAL OFFICER
Slide 11: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements This presentation may contain forward-looking statements related to expected future events and financial and operating results of Clarke that involve risks and uncertainties. Forward-looking statements, which include the use of words such as “expect”, “an
Slide 12: Annual Highlights
ANNUAL HIGHLIGHTS Fiscal Fiscal Fiscal Continuing Operations 2005 2004 (Dec) 2004 (Mar) REVENUE $192.4 $138.9 $207.6 EBITDA $26.1 $9.3 $4.9 INCOME $17.6 $3.6 $2.6
Slide 13: Continuing Operations
CONTINUING OPERATIONS Twelve months ended December 31 (millions): 2005 2004 REVENUE $192.4 $175.5 EBITDA $26.1 $9.3 INCOME $17.6 $7.8
Slide 14: Diversification
DIVERSIFICATION ITC Inc. 0.3% Clarke Shipping La Traverse Clarke Shipping 1.9% 3.2% 9.0% Clarke Inc. ICW ITC Inc. Clarke Inc. 0.2% 4.1% 0.8% 34.5% Clarke Road La Traverse 25.7% 3.3% ICW 0.7% Clarke Road 16.2% Clarke Transport Clarke Transport 64.5% 35.6% REVENUE EBITDA After intercompany consolidati
Slide 15: Earnings Per Share (EPS)
EARNINGS PER SHARE (EPS) EPS Continuing Operations - Basic Total EPS - Basic $4.00 $4.00 $3.00 $3.00 $2.00 $2.00 $1.00 $1.00 $0.00 $0.00 2004 2005 2004 2005 EPS Continuing Operations - Diluted Total EPS - Diluted $4.00 $4.00 $3.00 $3.00 $2.00 $2.00 $1.00 $1.00 $0.00 $0.00 2004 2005 2004 2005
Slide 16: Continuing Operations – First Quarter
CONTINUING OPERATIONS First Quarter ended March 31 (millions): 2006 2005 REVENUE $40.1 $46.1 EBITDA $ 9.7 $ 2.8 INCOME $ 5.7 $ 1.1
Slide 17: 1st Quarter Highlights
1ST QUARTER HIGHLIGHTS Freight Transportation 3.0% Freight Warehouse Transportation 4.7% 94.8% Corporate Corporate 96.8% Warehouse 0.5% 0.2% REVENUE EBITDA
Slide 18: 1st Quarter Highlights
1ST QUARTER HIGHLIGHTS EPS – Continuing Operations: Basic - $0.44 Diluted - $0.36
Slide 19: Clarke - Tomorrow
CLARKE - TOMORROW Organic Growth Share Value Creation Catalyst Strategic Investments Acquisitions It is about Creating Shareholder Value
Slide 20: Clarke's Value Investing Process
Clarke’s value investing process 1 - Investment Identification 2 - Accumulation of Shares/Units 3 - Value Added Strategies 4 - Exit from Investment This process takes time, but this diligence and patience will be rewarded with above average returns.
Slide 21: Clarke - Tomorrow: Opportunity
7 CLARKE - TOMORROW Opportunity
Slide 22: Clarke Annual General Meeting – Thank You
CLARKE ANNUAL GENERAL MEETING THANK YOU