Brambles Limited · ASX:BXB
Brambles — H1 2007 Earnings Presentation
14 slides from Brambles's earnings presentation, Feb 21, 2007
Slide 1: 2007 Interim Results Background Information
2007 Interim Results Background Information 21 February 2007 Index to pages Page Page 2. Income Statement Other Detailed Results 12. Currency Mix 3. CHEP Americas 13. Currency Impact 4. CHEP USA - Plant ops & transportation trends 14. Weighted average number of shares 5. CHEP USA - Asset productivit
Slide 2: Income Statement; Americas - Detailed results
Income Statement Actual Actual Growth 1H07 1H06 AIFRS US$m US$m % Sales revenue 1,872.7 1,707.6 10 Comparable operating profit 421.2 342.3 23 Net finance cost (8.1) (61.7) 87 Profit before tax and special items 413.1 280.6 47 Tax (142.5) (100.5) (42) Profit from continuing businesses (before special
Slide 3: USA - Plant operations & transportation trends; Asset productivity trends
USA - Plant operations & transportation trends Plant cost ratio Gross transportation cost ratio (Plant costs / Sales) (Transportation costs / Sales) 35% 35% 30% 30% 25% 25% 20% 20% FY02 FY03 FY04 FY05 FY06 1H07 FY02 FY03 FY04 FY05 FY06 1H07 4 USA - Asset productivity trends Control ratio New equipme
Slide 4: Europe - Detailed results; Plant operations & transportation trends
Europe - Detailed results 2007 2006 US$m, AIFRS 1H 1H 2H FY Sales revenue 669.8 608.0 644.7 1,252.7 Comparable operating profit 132.7 117.3 146.3 263.6 Profit margin (%) 20 19 23 21 Capital expenditure 88.5 92.6 87.9 180.5 Depreciation 79.8 72.8 77.3 150.1 Cash flow from operations 153.1 105.9 177.0
Slide 5: Europe - Asset productivity trends; RoW - Detailed results
Europe – Asset productivity trends Control ratio New equipment issue ratio (Returns + Recoveries / Total Issues) (Pallets purchased / Total issues) 96% 12% 10% 94% 8% 6% 92% 4% 2% 90% 0% FY02 FY03 FY04 FY05 FY06 1H07 FY02 FY03 FY04 FY05 FY06 1H07 Major pallet sizes (B1210A and B1208A only) 8 RoW - D
Slide 6: Total - Detailed results; Recall Detailed results
Total - Detailed results 2007 2006 US$m, AIFRS 1H 1H 2H FY Sales revenue 1,564.6 1,445.0 1,511.4 2,956.4 Comparable operating profit 385.2 317.8 386.0 703.8 Profit margin (%) 25 22 26 24 Capital expenditure 288.9 287.3 261.7 549.0 Depreciation 179.5 177.5 183.2 360.7 Cash flow from operations 334.8
Slide 7: Currency mix; Currency impact - Continuing operations
Currency mix Currency mix at Actual FX rates Total Americas1 EUR GBP AUD Other US$m, AIFRS Continuing operations 1,872.7 831.8 492.3 223.2 206.9 118.5 sales revenue Continuing operations comparable operating 421.2 213.7 88.4 40.7 48.1 30.3 profit Net debt2 (927.4) (758.8) 500.9 (441.0) (159.9) (68.6
Slide 8: Weighted average number of shares; Return on capital invested
Weighted average number of shares Dec 06 Dec 05 Shares, 6 months ending million million Basic – weighted average shares on issue 1,620.7 1,695.6 Adjustment for share options and 18.7 13.9 performance share rights Diluted shares on issue 1,639.4 1,709.5 14 Return on capital invested Av. Capital Inves
Slide 9: Capital expenditure by division; Capex to Depreciation
Capital expenditure1 by division Actual Actual 1H07 1H06 AIFRS US$m US$m CHEP Americas 170.3 159.1 CHEP Europe 88.5 92.6 CHEP RoW 30.1 35.6 CHEP 288.9 287.3 Recall 23.4 15.4 Corporate 0.1 0.3 Continuing operations 312.4 303.0 Discontinued operations 21.6 110.8 Total 334.0 413.8 1 Excludes intangible
Slide 10: Capex to Sales; Acquisitions
Capex1 to Sales - Continuing operations CHEP Recall Total 2 %, AIFRS 6 months to: Dec 2004 19 8 17 June 2005 17 7 15 Dec 2005 20 6 18 June 2006 17 7 16 Dec 2006 18 8 17 12 months to: June 2005 18 8 16 June 2006 19 7 17 Actual exchange rates used 1 Excludes intangible assets, investments in associate
Slide 11: Divestments; Debt facilities
Divestments AIFRS Gross Profit on Sale Status Proceeds Business US$m US$m BIS Northern Hemisphere Sold 0.7 238.2 Regional Businesses1 Sold 61.0 199.1 Cleanaway Germany Sold 179.3 738.5 BIS / Cleanaway Australia Sold 857.1 1,341.6 2 Other (26.5) 9.3 Included in FY06 1,071.6 2,526.7 Cleanaway UK Sold
Slide 12: Disclaimer Statement
Disclaimer Statement The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrict
Slide 13: Glossary of terms & measures
Glossary of terms & measures Appendix 1b Except where noted, common terms and measures used in this document are based upon the following definitions: Constant Translation of both current period and comparable period results into US dollars at currency the actual monthly exchange rates applicable fo
Slide 14: Contact details
Contact details John Hobson Head of Investor Relations john.hobson@brambles.com +61 (2) 9256 5216 Michael Sharp Vice President Corporate Affairs michael.sharp@brambles.com +61 (2) 9256 5255 26