Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — CMI — Shareholder Meeting (November 2013)
18 slides from Excelsior Capital's shareholder meeting presentation, Nov 6, 2013
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation 6 November 2013 SYDNEY
Slide 2: Disclaimer
Disclaimer This document, and any constituent or associated presentation, information or material (collectively, the Material), is not (and does not form part of) an offer, solicitation, invitation or recommendation in respect of any securities and neither the Material nor any part of it will form t
Slide 3: CMI Limited Overview
CMI Limited Overview CMI TJM Electrical CMI Electrical specialises in the Products This division specialises in manufacture of specialty designing, manufacturing, electrical cables, sourcing and wholesaling and retailing of supply of niche electrical cables, vehicle accessories for the high voltage
Slide 4: FY13 Earnings Summary
FY13 Earnings Summary • Electrical ‐ diversification across mining $m FY13 FY12 Change and construction sectors maintained Operating Revenue 111.7 113.2 (1%) revenues despite 24% decrease in mining EBITDA1 15.1 20.7 (27%) product revenues • TJM – Domestic store and original EBITDA Margin 14% 18% equ
Slide 5: FY13 Divisional & Half on Half Summary
FY13 Divisional & Half on Half Summary Electrical TJM Corp FY13 $m $m $m $m Operating Revenue 70.8 40.9 - 111.7 EBITDA 18.7 (0.7) (2.9) 15.1 EBITDA margin % 26% (2%) 14% EBIT 18.5 (2.1) (2.9) 13.5 Operating PBT 18.5 (2.2) (3.2) 13.1 Tax (3.3) Reported NPAT 9.8 Revenue EBIT (Before Net Interest, Impa
Slide 6: Balance Sheet & Dividend Policy
Balance Sheet & Dividend Policy Net Assets by Division • Strong balance sheet and capacity to generate cash – Net cash $6.4m – Borrowings $7.5m repaid Electrical – Net Tangible Assets $1.36 per share TJM Corporate • Dividends recommenced 2H13 – Expected half yearly dividend payments weighted to the
Slide 7: Quarterly Update & Outlook
Quarterly Update & Outlook September 2013 Page 7
Slide 8: September 2013 Quarter
September 2013 Quarter • Group revenue is 8% lower than September quarter prior year: Revenues Sep Qtr 2013 vs. Sep Qtr 2012 Electrical 22% Mining 34% Construction 16% TJM 17% Domestic stores 17% OE 40% Export 2% • Unaudited management EBIT result of $2.2m for the September quarter. • Continued diff
Slide 9: Market Analysis - Electrical
Market Analysis ‐ Electrical • Mining sector challenges expected to continue in short term – Mining product is a market leader and a safety related product that has a replacement life cycle – Continued product development of mining products – Ensure capacity is maintained for recovery of coal sector
Slide 10: Market Analysis - TJM
Market Analysis ‐ TJM • Operating in growth market of new 4WD & light commercial vehicles. • Domestic retail sales: – Sales increase is a result of implemented initiatives – Despite first quarter sales increase, some weakness expected in the coming months due to mining industry decline and FBT impac
Slide 11: AGM Formal Business
AGM Formal Business Page 11
Slide 12: Financial Report
Formal Business Financial Report To receive and consider the financial report of the Company and the reports of the Directors and Auditors for the year ended 30 June 2013. Page 12
Slide 13: Remuneration Report
Formal Business Remuneration Report Resolution 1. To consider and, if thought fit, pass the following as a non-binding ordinary resolution: ‘That the Company’s Remuneration Report for the financial year ended 30 June 2013 is approved.’ Proxies Received Voted % For 6,899,805 75.69 Against 1,990,904 2
Slide 14: Election of Directors
Formal Business Election of Directors Resolution 2. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That Ms Leanne Catelan, retiring by rotation in accordance with Rules 16.1 and 16.2 of the Constitution, and being eligible for re-election, is re-elected as a Director
Slide 15: Election of Directors
Formal Business Election of Directors Resolution 3. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That Mr Ross Rolfe, having been appointed a Director since the last annual general meeting of the Company, in accordance with the Constitution, ceases to hold office an
Slide 16: Election of Directors
Formal Business Election of Directors Resolution 4. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That Ms Sharyn Williams, having been appointed a Director since the last annual general meeting of the Company, in accordance with the Constitution, ceases to hold offi
Slide 17: Holding a Spill Meeting (contingent item)
Formal Business Holding a Spill Meeting (contingent item) Resolution 5. To consider and, if thought fit, pass the following as an ordinary resolution: 'That, as required by the Corporations Act 2001 (Cth): a) a meeting of the Company's members be held within 90 days of the date of the 2013 annual ge
Slide 18: Thank you for your attendance
Thank you for your attendance Page 18