Aj Lucas Group Limited · ASX:AJL
Aj Lucas — FY2005 Earnings Presentation
11 slides from Aj Lucas's earnings presentation, September 2005
Slide 1: Full Year Results & Business Update
AJ LUCAS GROUP LIMITED 30 June 2005 Full Year Results & Business Update September 2005
Slide 2: Contents
Contents Key Points Full Year Results 2006 Outlook Gloucester Basin Summary 2
Slide 3: Key Points
Key Points Key Points Full Year Results Loss after tax of $7.6m 2006 Outlook Project slippage led to lower revenue of $74.3m Gloucester Basin Summary TTP deferred, significant costs & management opportunity cost Divisional & corporate overhead established for higher revenue base Strong rec
Slide 4: Full Year Results
Full Year Results Key Points Full Year Results 2006 Outlook Summary of Financial Results June June Change 2005 2004 % Gloucester Basin $’m $’m Summary Operating Revenue 74.3 116.8 (36.4) Total Revenue 74.5 123.5 (39.7) EBITDA (6.7) 17.3 N/A EBIT (11.5) 6.5 N/A Net Profit/(Loss) After Tax (7.6) 7.1 N
Slide 5: Full Year - Divisional Performance
Full Year - Divisional Performance Key Points Full Year Results Division Revenue Profit before tax Margin 2006 Outlook 2005 2004 2005 2004 2005 2004 Gloucester Basin $’m $’m $’m $’m % % Summary Pipelines 0.7 58.2 (3.2) 6.8 N/A 11.7 HDD 11.5 21.1 (6.8) 2.8 (59.1) 16.8 Gas Management 20.3 14.0 1.8 1.2
Slide 6: Full Year Balance Sheet Analysis
Full Year Balance Sheet Analysis Key Points Full Year Results Cash Reduced 2006 Outlook ¾ Operating activities $6.4m Gloucester Basin ¾ Investment in plant & equipment $6.6m Summary ¾ Acquisition $2.4m ¾ Minerva and Nerdlihc Intangible Assets – increased by $4.1m ¾ Goodwill for Mace FM business
Slide 7: 2006 Group Outlook
2006 Group Outlook Key Points Budget for 2006 Full Year Results ¾ Revenue $154m; secured $140m; commenced $120m 2006 Outlook Gloucester Basin ¾ EBITDA $13m Summary ¾ EBIT $8m - $10m Risk Profile: Management and Execution ¾ Market conditions more conducive to risk sharing ¾ Client requirements fo
Slide 8: 2006 Divisional Outlook
2006 Divisional Outlook Key Points Pipelines Full Year Results ¾ TTP Project confirmed Lucas’ market position ¾ Recent win: Yaté Raw Water Pipeline $38m 2006 Outlook ¾ Market for pipelines (large and small) very active Gloucester Basin ¾ PNG pipeline prospects increasing; ramifications significant
Slide 9: Gloucester Basin
Gloucester Basin Key Points Status of Prospect Full Year Results ¾ Phase I completed 2006 Outlook Gloucester Basin ¾ Testing suggests high gas content and permeability Summary ¾ Close proximity to Newcastle and Sydney market ¾ Phase II exploration and development programme to be accelerated Inde
Slide 10: Summary
Summary Key Points Full Year Results 2005 frustrating and disappointing year 2006 Outlook Gloucester Basin Summary Strategically achieved much to improve future sustainability of earnings Strong recovery for 2006 Record order book $140m with $120m commenced All company business sectors hav
Slide 11: www.lucas.com.au
www.lucas.com.au 11