Bisalloy Steel Group Ltd · ASX:BIS
Bisalloy Steel — FY2013 Earnings Presentation
15 slides from Bisalloy Steel's earnings presentation, Sep 11, 2013
Slide 1: Investor Presentation on 2013 Full Year Results
For personal use only 11 September 2013 ASX Market Announcements Australian Stock Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000 Investor Presentation on 2013 Full Year Results Attached please find an investor presentation being issued in respect of the June 2013 full year results for Bi
Slide 2: Investor Presentation September 2013
For personal use only Investor Presentation September 2013
Slide 3: Group Overview
Group Overview • Australia’s only manufacturer of high-strength structural, wear-resistant For personal use only quenched and tempered (“Q&T”) steel plate. Listed on ASX (“BIS”). • ‘Bisplate’ Q&T brand has strong market recognition in the Asia Pacific region. • JV in the Peoples Republic of China fo
Slide 4: Group Structure
Group Structure For personal use only Bisalloy Steel Group Bisalloy Australia Bisalloy Asia • Australia’s only Distribution in Thailand manufacturer of high and Indonesia via majority strength structural and ownership in local wear resistant Q&T companies – 85% in steel plate (Bisplate®) Thailand an
Slide 5: FY2013 Performance Summary
FY2013 Performance Summary • Challenging market conditions in FY2013 – For personal use only Revenue down 22% to $80.6m EBITDA down 32% to $8.1m NPAT down 44% to $3.8m Net debt reduced to $10.4m (down from $36.5m four years ago). Gearing ratio of 29% NTA backing up by 21% to 52.3cps • Rein
Slide 6: Financial Performance
Financial Performance For personal use only FY11 FY12 FY13 FY12 to FY13 % Change Revenue $m 78.3 104.0 80.6 (22%) EBITDA (1) $m 7.7 12.4 8.4 (32%) NPAT $m 3.0 6.8 3.8 (44%) EPS (diluted) cps 5.5 14.2 7.9 (44%) Operating cash flow $m 3.3 6.7 2.3 (66%) Return on Equity % 22.0% 36.9% 16.0% (57%) (1) EB
Slide 7: Balance Sheet Performance
Balance Sheet Performance For personal use only June-11 June-12 June-13 Total equity $m 15.3 21.8 25.9 Net debt (debt less cash) $m 15.2 11.1 10.4 Gearing ( total debt/total debt + % 51% 34% 29% equity) Working Capital (excl cash & $m 14.0 15.0 18.6 debt) Net Tangible Assets Per Share cps 28.0 43.2
Slide 8: Group Performance Drivers
Group Performance Drivers For personal use only • Largest component of cost is raw materials (approx. 80% of total cost). • Movement of the A$ impacts both competitors pricing and greenfeed input costs. • Successfully defended anti-dumping claim brought against imported raw material. • Swing from ca
Slide 9: Corporate
Corporate For personal use only Share price (52 week range): Substantial Shareholders $0.87 ($0.84 to $1.45) Balron Nominees & Associates 18.18% Shares on issue Anchorage and Mr. P Cave 16.78% 43,291,509 RBC Dexia Investor Services 15.49% Market Capitalisation: Prospect Custodian Ltd 5.05% ~ $38 mil
Slide 10: Appendices
For personal use only Appendices Page 9
Slide 11: Bisplate Process
Bisplate Process For personal use only Page 10
Slide 12: Q&T in mining "pit to port" applications
Q&T in mining “pit to port” applications For personal use only Surge Bins: BIS400 & BIS450 Truck Trays: BIS400 & BIS450 Liners Kits: BIS400, BIS450 & BIS500 Feeders: BIS400 & BIS450 Bucket wheel: BIS400 & BIS450 Structural: BIS80, BIS450 Dog bones: BIS80 Bucket Cheeks: BIS 80 & BIS400 Yard Equipment
Slide 13: Bisalloy-Jigang CJV
Bisalloy-Jigang CJV For personal use only Jinan Iron & Steel Bisalloy Jigang JV technology transfer Shot Hardening Quench Tempering Warehouse / blasting furnace Furnace Despatch Jinan Plate Mill Green Feed to Bisalloy’s Bisplate Q&T chemistry Q&T processed to Bisplate quality standards Jinan’s brand
Slide 14: Disclaimer
Disclaimer For personal use only This presentation is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase shares in Bisalloy Steel Group Limited (“the Company”). This presentation does not form the basis of any contract or commitment. You should not rely
Slide 15: Contact
Contact For personal use only Robert Terpening Managing Director +61 2 4272 0444 David MacLaughlin Company Secretary/CFO Further information can be obtained from our web site: www.bisalloy.com.au Page 14