Slide 1: Delivering results in challenging times
Coventry Group Ltd For personal use only ABN 37 008 670 102 “Delivering results in challenging times” Roger Flynn Executive Chairman Investor Presentation Keith Smith FY13 Chief Financial Officer
Slide 2: Our Businesses
Our Businesses For personal use only Coventry has four well established businesses in Industrial Distribution and one in the IT services sector which is rapidly gaining ‘critical mass’ • Coventry Fasteners and Hylton Parker (NZ) • Cooper Fluid Systems • Artia (Cabinet Hardware) • AA Gaskets and NZ G
Slide 3: Trading results for the financial year
Trading results for the financial year For personal use only MANAGING A “TWO SPEED ECONOMY” AND LOWER CAPITAL INVESTMENT FROM MINING • Overall profit before tax from continuing operations (excluding property sales) $7.9M • Large mining organisations have scaled back capital spend and deferred mainte
Slide 4: Trading results for the financial year: strong performance and returns for shareholders
Trading results for the financial year For personal use only STRONG PERFORMANCE AND RETURNS FOR SHAREHOLDERS • 11c fully franked dividend paid in September 2013 • EPS for the Group was 14.4c (including profit on property sales) • NTA/share decreased to $3.69 (down only 2c after 22c of dividend paid)
Slide 5: The Commitment to Shareholders
The Commitment to Shareholders For personal use only THE SUM OF NET ASSETS & DIVIDENDS CONTINUES TO GROW $ per shares Compound growth 8.4% Returned to shareholders Retained in the Group
Slide 6: Pursuing The Announced Strategy
Pursuing The Announced Strategy For personal use only STRATEGY EXECUTED TO PLAN • New management and strategy in place for the Fasteners and Hardware divisions • Acquisition made in our IS subsidiary, MSS, increasing critical mass • Ongoing search for value enhancing acquisitions but disciplined app
Slide 7: Coventry Fasteners & HPF are leading players with strong management
The Businesses For personal use only COVENTRY FASTENERS & HPF ARE LEADING PLAYERS WITH STRONG MANAGEMENT • Geographic Markets : All states of Australia (QLD/WA largest), New Zealand • Divisional Office : Melbourne, (52 branches) • Dimensions : Sales $121m EBIT: $0.3m and growing • Cap Employed : $35
Slide 8: Artia (Cabinet Furniture and Hardware) has growth potential
The Businesses (continued) For personal use only ARTIA (CABINET FURNITURE AND HARDWARE) HAS GROWTH POTENTIAL • Geographic Markets : All states of Australia and New Zealand • Divisional Office : Melbourne, (7 branches) • Dimensions : Sales $23m EBIT is currently a loss of around 9% including one offs
Slide 9: Gaskets is the market leader & performing well
The Businesses (continued) For personal use only GASKETS IS THE MARKET LEADER & PERFORMING WELL • Geographic Markets : Australia and New Zealand • Divisional Office : Melbourne, (2 branches) • Dimensions : Sales $13m EBIT 17% • Cap Employees : $11m • Key Markets : Auto repairers, performance vehicle
Slide 10: Cooper Fluid Systems is well led & continues to deliver strong returns
The Businesses (continued) For personal use only COOPER FLUID SYSTEMS IS WELL LED & CONTINUES TO DELIVER STRONG RETURNS • Geographic Markets : WA, QLD, SA and a growing amount of export • Divisional Office : Brisbane, (8 branches) • Dimensions : Sales $77m EBIT 12% • Cap Employed : $23m • Key Market
Slide 11: MSS gaining critical mass in the Perth market
The Businesses (continued) For personal use only MSS THROUGH ORGANIC AND ACQUISITION GROWTH IS GAINING CRITICAL MASS IN THE PERTH MARKET • Geographic Markets : WA • Divisional Office : Perth, (2 locations) • Dimensions : Sales $3m • Key Markets : IS managed services, hosting, consulting and ERP • Ke
Slide 12: Coventry Group Strategy
Coventry Group Strategy For personal use only DELIVERING FUTURE GROWTH DESPITE THE ECONOMY • Fasteners consistently reducing cost and rolling out more ‘green field’ sites; • Artia rationalising to a hardware business and integrating its supply chain into the Fasteners business; • Fluids are expandin
Slide 13: Coventry Group Strategy (Continued)
Coventry Group Strategy (Continued) For personal use only DISCIPLINED CREATION OF SHAREHOLDER VALUE Coventry Group has $54M in cash and therefore the resources to: • undertake capital management initiatives – dividends and share ‘buy backs’ • invest in selected areas of current business portfolio to
Slide 14: For personal use only
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