K & S Corporation Limited · ASX:KSC
K & S — Investor Presentation (September 2007)
17 slides from K & S's investor presentation, Sep 12, 2007
Slide 1: Investor Presentation – September 2007
Investor Presentation – September 2007 For personal use only Presented by: Legh Winser – Managing Director Bryan Walsh – Chief Financial Officer
Slide 2: K&S - Overview
For personal use only K&S - Overview • K&S has been in business for over 60 years. • Core Expertise is in the provision of supply chain solutions: • road, rail and sea linehaul • local transport • warehousing • supply chain IT and reporting capability
Slide 3: K&S - Overview: Major customers
For personal use only K&S - Overview We have a large and diversified customer base. Our major customers 2006/07: Smorgon Steel Group $60M Dec 09 PaperlinX $39M Jun 09 Norske Skog $32M Dec 09 Alcoa $21M Oct 10 Laminex $20M Air Liquide $13M Oct 09 Green Triangle Forest Products $11M Jun 09 Holden $ 8M
Slide 4: K&S - Overview: Corporate strategies
For personal use only K&S - Overview • Corporate strategies include: • Development of alliances and long term customer relationships and partnerships with large enterprises that value our service. • Development of our supply chain capabilities, which allows us to expand our potential client base and
Slide 5: Strength is in our Structure
For personal use only K&S - Strength is in our Structure • Our structure reflects our functional capabilities and our belief in a flat organisational arrangement where customers have access to decision makers. • This enhances partnership arrangements and allows us to differentiate our service when c
Slide 6: Financial Result 2006/07
For personal use only Financial Result 2006/07 • Revenue $418M for FY 2006/07 – Increase 13.7%. • EPS 25.3 cents. • Normalised PAT $16.5M – Increase 5.8%. • Normalised EBIT $28.5M – Increase 9.8%. • K&S acquires DTM Business Logistics. • Revaluations on land and building – increased shareholders fun
Slide 7: Financial Result 2006/07
For personal use only Financial Result 2006/07 • We see growth from our existing customers. • Integration of DTM has delivered significant synergies. The full impact of these benefits will be in 2007/08 results. • We are still clearly focussed on further acquisitions. • We continue to actively tende
Slide 8: Financial Overview
For personal use only K&S – Financial Overview 2006 2007 % Operating Revenue $m 367.1 418.0 13.7 Normalised EBIT $m 26.0 28.5 9.8 Normalised PBT $m 22.2 23.5 5.9 Normailsed PAT $m 15.6 16.5 5.8 Total Assets $m 217.1 281.2 29.5 Shareholders Funds $m 103.3 136.0 31.8 Dividend Per Share € 14.0 14.0 - G
Slide 9: Operating Revenue
For personal use only Operating Revenue $M 450.0 425.0 418.0 400.0 375.0 367.1 350.0 340.8 325.0 202.7 293.3 295.7 300.0 275.0 183.9 Full Year 250.0 170.5 Interim 225.0 139.5 152.2 200.0 175.0 150.0 125.0 215.3 100.0 183.2 170.3 75.0 153.8 143.6 50.0 25.0 0.0 2003 2004 2005 2006 2007
Slide 10: Normalised EBIT
For personal use only Normalised EBIT $M 32.0 30.0 28.5 28.0 26.0 26.0 24.5 24.0 22.0 20.6 15.4 20.0 12.6 18.0 13.0 16.5 16.0 10.8 Full Year 14.0 Interim 7.6 12.0 10.0 8.0 13.4 13.1 6.0 11.5 9.8 8.9 4.0 2.0 0.0 2003 2004 2005 2006 2007
Slide 11: Normalised PAT
For personal use only Normalised PAT $M 18.0 16.5 16.0 15.6 15.2 14.0 12.3 12.0 7.4 8.9 7.6 Full Year 9.9 Interim 10.0 6.3 8.0 5.0 6.0 4.0 7.6 8.2 7.6 6.0 4.9 2.0 0.0 2003 2004 2005 2006 2007
Slide 12: Dividends to Shareholders
For personal use only Dividends to Shareholders cents 14.0 14.0 14.00 13.5 12.00 11.0 7.00 7.00 10.00 7.00 8.0 Final 8.00 6.00 Interim 6.00 4.50 4.00 7.00 7.00 6.50 5.00 2.00 3.50 0.00 2003 2004 2005 2006 2007
Slide 13: Net Tangible Assets
For personal use only Net Tangible Assets $1.80 $1.68 $1.60 $1.45 $1.40 $1.40 $1.40 $1.19 $1.20 $1.14 $1.00 $0.95 $0.92 $0.89 $0.86 $0.80 $0.60 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Jun-07
Slide 14: Shareholders Funds
For personal use only Shareholders Funds $M 140.0 130.0 120.0 110.0 100.0 90.0 136.0 80.0 70.0 103.3 60.0 79.0 50.0 59.1 61.6 40.0 30.0 2003 2004 2005 2006 2007
Slide 15: DTM Acquisition
For personal use only K&S – DTM Acquisition • DTM’s business is focused on the metro area of the eastern states with operations in Melbourne, Sydney, Brisbane & Adelaide. • Completed 8th November 2006. • Currently generates revenues in excess of $45m. • Employs over 240 people.
Slide 16: Today
For personal use only K&S - Today • We continue to evaluate potential acquisition opportunities. • We see growth in revenues in Australia. • There are further industry consolidation opportunities.
Slide 17: Outlook
For personal use only Outlook • Expect another good result in 2008.