Slide 1: Reunert Interim Results: Financial summary
5/12/2010 Reunert Interim Results 6 months ended 31 March 2010 1 Financial summary Revenue R 5,1 billion (-) Operating profit R582 million (+9%) EBITDA R609 million (+7%) EBITDA as % of revenue 12% (+10%) Cash R1,4 billion Normalised HEPS 238,9 c (+3%) Dividend 67 cents per share (+3%)
Slide 2: Condensed Income Statement and Summarised balance sheet
5/12/2010 Condensed Income Statement for the six months ended 31 March % R Millions 2010 Change 2009 TURNOVER 5 114 0 5 119 EBITDA 632 9 577 Depreciation (50) (10) (46) Operating Profit 582 9 531 Interest & Dividends 48 (6) 52 Profit before abnormal items 630 8 583 Abnormal items (34) 0 Profit befor
Slide 3: Summarised cash flow statement and Market Conditions
5/12/2010 Summarised cash flow statement for the six months ended 31 March R Millions 2010 2009 EBITDA 632 578 Working Capital change: Quince receivables 119 86 Trading (21) 394 Net interest & dividends received 48 52 Taxation Paid (214) (317) Dividends Paid (337) (434) CASH GENERATED BY OPERATIONS
Slide 4: Cash dividends per share
5/12/2010 Cash dividends per share 500 450 400 350 Cents per share 300 250 Special 200 Final 150 Interim 100 50 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 7 Investments 40% R1 320m R3 376m R386m Revenue 2010 R 218m R 292m R21m Operating Profit R1 611m R3 168m R281m Revenue 2009 R
Slide 5: % contribution to group
5/12/2010 % contribution to group Revenue Operating profit R5,1 billion (H1FY09: R5,1 billion) R 582 million (H1FY09: R531 million) CBI-electric 0% Nashua 4% 3% 8% Reutech 26% Other 40% 53% 66% 9 Revenue R3,4 billion (+7%) Operating profit R 292 million (+2%) 5
Slide 6: Nashua Electronics and Nashua Office Automation
5/12/2010 Nashua Electronics Nashua Communications • Siemens Enterprise Communications fully integrated past six months • Now trading as Nashua Communications PanSolutions • Office equipment • Panels • Car audio NashuaElectronics.com 11 Nashua Office Automation Market position has improved
Slide 7: Nashua Mobile
5/12/2010 Nashua Mobile Revenue 6% up Margins slightly down Least cost routing • Termination rates not expected to have a material impact during FY10 • Reduction in interconnect rates 125c to 89c • Call rates changed 125c to 123c • Further reductions envisaged • Telkom effective rate still
Slide 8: Low & Medium Voltage
5/12/2010 Revenue R1,3 billion (-18%) Operating profit R218 million (+8%) Low & Medium Voltage Low voltage • Since Nov 2009, export has consistently exceeded local sales • Dollar revenues lead to lower rand income • Australia doing well Medium voltage • Current year’s sales expected to double (F
Slide 9: Energy Cables and Telecommunications Cables
5/12/2010 Energy Cables High copper price offset by strong rand High voltage & aluminium conductor steel reinforced running at capacity • Firm orders on hand – End October 2010 Medium & low voltage running below capacity Installation of high-voltage cable • Firm orders on hand – End of finan
Slide 10: Reutech
5/12/2010 Revenue R386 million (+37%) Operating profit R21 million (-58%) Reutech Reutech BEE deal • 20% of Reutech sold to BEE partner for R100 million • Effective 1 Oct 2009 • Excludes Fuchs Electronics Rand/dollar conversion mark-to-market Still awaiting Fuchs Electronics export order • Pat
Slide 11: Reutech Mining
5/12/2010 Reutech Mining Mining surveillance radars strong growth • 120% Y-o-Y • New product to be launched soon • Will reinforce Reutech’s technological leadership 21 General 11
Slide 12: Set-top Box development and Nokia Siemens Networks
5/12/2010 Set-top Box development Uncertainty not conducive to job creation & investment Our initiative • Product has been developed • Manufacturing company Divitech established 95% black owned by the Nozala Consortium Reunert 5% • Manufacturing plant located in Parow 23 Nokia Siemens Networ
Slide 13: Prospects and Shareholder value
5/12/2010 Prospects Businesses have been appropriately sized for current levels of demand. Sufficient capacity exists to take advantage of any improvement in the economy. Exports are strong, albeit at lower margins, because of a stronger rand. Reutech is expected to be down on last year sinc
Slide 14: Statement of intent and Contact details
5/12/2010 Statement of intent Reunert will manage businesses in the services, electronics and electrical engineering sectors, supplying value added products, solutions and systems to local and international markets. Each of these businesses will remain capable of meeting the group’s objectives for s