Slide 1: Copy of slides for media presentation
Brambles Limited ABN 89 118 896 021 Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia GPO Box 4173 Sydney NSW 2001 Tel +61 2 9256 5222 Fax +61 2 9256 5299 www.brambles.com For personal use only 17 February 2010 The Manager - Listings Australian Securities Exchange Limited Exchange Centre
Slide 2: 2010 Interim Results Media presentation
For personal use only 2010 Interim Results Media presentation 17 February 2010 Tom Gorman Chief Executive Officer 1
Slide 3: First-Half Results
FIRST-HALF RESULTS For personal use only Solid financial discipline • Cash flow • Balance sheet • Overhead reduction Sales negatively impacted by economic weakness • USA • Western Europe Winning business in all markets today Continuing long-term investment • Better Everyday in CHEP USA • Gro
Slide 4: Group Overview
GROUP OVERVIEW For personal use only Sales revenue Statutory Statutory EPS Free cash flow operating profit after dividends 2% 3% 8% US$224m Sales revenue down 2% • Subdued business conditions • Primarily Automotive and SDS Statutory operating profit down 3% • Underlying profit down 30% • Better
Slide 5: Sales Revenue by Product Line / CHEP Americas Results
SALES REVENUE BY PRODUCT LINE For personal use only US$m 49 65 Growth vs. 1H09 89 Pallets 2% RPC 15% Automotive 17% Other 7% 1,519 Pallets RPC Automotive Other 88% 5% 4% 3% Growth % calculated on constant currency 7 CHEP AMERICAS RESULTS Sales revenue Statutory operating Underlying profit Cash flow
Slide 6: Better Everyday / CHEP EMEA Results
BETTER EVERYDAY For personal use only Rollout progressing on target • US$65m expenditure in line with plan Pallet quality and service improvements • Positive reaction to new repair specifications • Rejections down Ease of doing business • Portfolio+Plus roll-out on track • Simplified invoice l
Slide 7: CHEP Asia-Pacific Results / Sales Revenue by Product Line
CHEP ASIA-PACIFIC RESULTS For personal use only Sales revenue Statutory operating profit Cash flow from operations 4% 6% US$59m Sales revenue up 4% • CHEP Australia: new platforms offset lower pallet volumes • Weak automotive • China, India, South-East Asia, New Zealand sales growth Operating pr
Slide 8: Recall Results / 2010 First-Half Results
RECALL RESULTS For personal use only Sales revenue Statutory operating profit Cash flow from operations 1% in line with prior period US$24m Sales revenue down 1% • Growth in core DMS • SDS down 15% • Excluding SDS sales up 4% Statutory operating profit in line with 1H09 • Up 16% excluding SDS •
Slide 9: Group Underlying Profit / Strong Cash Flow
GROUP UNDERLYING PROFIT For personal use only US$m 469 19 15 65 23 18 329 1H09 Vol/Price/Mix Automotive/SDS Better Everyday & Direct costs Other 1H10 Quality All numbers are calculated at constant currency 15 STRONG CASH FLOW US$m Actual rates 1H10 1H09 Change EBITDA 562.1 627.4 (65.3) Capital expen
Slide 10: Capital Expenditure / Financial Ratios
CAPITAL EXPENDITURE (PP&E) For personal use only US$m Actual rates (144) 433 416 377 295 233 1H08 2H08 1H09 2H09 1H10 CHEP Americas CHEP EMEA CHEP Asia-Pacific Recall 17 FINANCIAL RATIOS Actual rates Dec 09 Jun 09 Closing net debt (US$m) 2,028.4 2,143.4 Gearing (%) 55.3 60.0 (Net debt/Net debt & equ
Slide 11: Outlook / Disclaimer Statement
OUTLOOK For personal use only Outstanding business models • Market position • Customer base • New business pipeline • Long-term growth Positioned for improved performance as economic conditions recover 19 DISCLAIMER STATEMENT The release, publication or distribution of this presentation in certa
Slide 12: Contact Details
For personal use only 2010 Interim Results Media presentation 17 February 2010 CONTACT DETAILS Michael Roberts Vice President, Investor Relations & Corporate Affairs michael.roberts@brambles.com +61 2 9256 5216 +61 418 263 199 James Hall Manager, Investor Relations & Corporate Affairs james.hall@bra