Sgh Limited · ASX:SGH
Sgh — Seven Group Holdings — Australian Emerging Companies conference (April 2012)
28 slides from Sgh's conference presentation, Apr 4, 2012
Slide 1: ASX cover letter: Investor Presentation
For personal use only 4 April 2012 Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 By Electronic Lodgement Total Pages: 28 Dear Sir/Madam INVESTOR PRESENTATION Please find attached an Investor Presentation given by Mr Peter Gammell, CEO Seven Group Holdings Limited
Slide 2: Group Overview, March 2012
For personal use only Group Overview March 2012
Slide 3: Disclaimer
Disclaimer Basis of preparation of slides For personal use only Additional information including Pro-Forma 6 or 12 month accounts are included in this presentation for the management of Seven Group Holdings Limited (SGH) and other associated entities and investments. This data is included for inf
Slide 4: Contents
Contents For personal use only Overview 4 Industrial Services 6 Media 14 Investments 18 Financials 22 Outlook and Subsequent Events 26 SGH Presentation – March 2012 Slide 3
Slide 5: Overview
Overview For personal use only Industrial Services Media Investments 100% 33% + $250m RCPS 25% 11% ~$258m Australia Seven West Media 25% ~$394m 100% 100% Listed Portfolio 100% 50% China 100% 100% 46% 100% 100% Notes: 1. Group structure as at 29 February 2012 2. Investment values as at 31 December 20
Slide 6: P&L Breakdown – H1 FY 2012
P&L Breakdown – H1 FY 2012 Trading and other revenue (AUD m) Trading and other revenue EBITDA margin H1 FY11 H1 FY12 For personal use only Excluding share of associate profits 103 46 H1 FY11 H1 FY12 14% 12.3% 5% 3% 1,600 1,514 12% 10.9% 1,400 9.9% 1,171 10% 9.0% 322 WesTrac Australia 1,200 16% 1,000
Slide 7: Industrial Services
For personal use only Industrial Services SGH Presentation – March 2012 Slide 6
Slide 8: Overview of WesTrac Group
Overview of WesTrac Group For personal use only WesTrac Group Key Highlights WesTrac Australia (100%) WesTrac China (100%) National Hire (100%) WesTrac is an equipment management company aiming to provide customer value through cost WesTrac Australia WesTrac China is wholly- National Hire comp
Slide 9: Attractive Business Model with Recurring Earnings Stream
Attractive Business Model with Recurring Earnings Stream From Product Support For personal use only Capital Sales1 Product Support Large installed base of machines and engines WesTrac Group is an equipment management company providing end‐to‐end products and services 38 service locations in Aust
Slide 10: WesTrac Australia Summary Financials
WesTrac Australia Summary Financials For personal use only Revenue (A$m) EBITDA (A$m) and EBITDA Margin (%) EBIT (A$m) and EBIT Margin (%) 14% 14% $2,500 Global financial crisis Global financial crisis Global financial crisis 2256 244 12% 12% $250 $250 $2,000 1859 1876 10% 195 10% $200 192 $200 1636
Slide 11: WesTrac China Summary Financials
WesTrac China Summary Financials For personal use only Revenue (A$m) EBITDA (A$m) and EBITDA Margin (%) EBIT (A$m) and EBIT Margin (%) $1,000 $60 7% $60 7% Global financial crisis $900 6% 6% $50 $50 $800 734 FX Impact 5% 5% $700 651 USD 742 $40 $40 $600 35 555 32 4% 4% USD 30 $500 445 586 $30 $30 28
Slide 12: WesTrac's Interest in National Hire
WesTrac’s Interest in National Hire For personal use only WesTrac owns 100% of National Hire. National Hire consists of: Wholly owned equipment sales and support business operating under the AllightSykes brand 46% investment in Coates Hire. National Hire was formed in 2008 with the merger
Slide 13: National Hire Summary Financials
National Hire Summary Financials For personal use only Allight / Sykes Revenue (A$m) Allight / Sykes EBIT (A$m) $160 $12 Margin 10.0% 136 $140 $10 8.0% $120 106 103 $100 $8 83 87 6.0% $80 69 $6 $60 H1 4.0% $4 103 $40 H1 H1 H1 H1 H1 59 H1 $2 5 5 2.0% $20 H1 56 36 34 42 H1 H1 2 H1 1 $0 $0 2 0.0% FY 07
Slide 14: WesTrac – Bucyrus Opportunity
WesTrac – Bucyrus Opportunity For personal use only Introducing the Broadest Product Range in the Industry Caterpillar’s acquisition of Bucyrus added 148 unique model configurations to its existing offerings. New products from the One Stop Shop for mining customers include rope shovels, drills, dr
Slide 15: Media
For personal use only Media SGH Presentation – March 2012 Slide 14
Slide 16: Overview of Seven West Media
Overview of Seven West Media For personal use only Other Investors (Free Float) ~33% ~56% ~11% 100% 100% 100% FTA Television Newspapers Magazines Online 50%Other Other Media Assets Australia’s leading FTA television #1 WA metro newspaper (The Australia’s second largest JV and online partners
Slide 17: Ratings Supremacy
Ratings Supremacy For personal use only Seven delivered dominant All Commercial Share across Night 1800-2400 for key demographics for Survey Year 2011: Total Individuals 39.4% up 11.1% in average audience vs 2010 People 16-39 34.3% up 12.8% A Strategy that Underpins Seven’s Audience People 1
Slide 18: Seven West Media Summary Financials
Seven West Media Summary Financials For personal use only H1 FY12 highlights H1 FY12 H1 FY11 Change Seven West Media ($m) Actual Pro-Forma % SGH is Seven West Media’s largest shareholder with 33% of Seven Total revenue (incl. share 1,023.9 1,044.7 -2.0% West Media ordinary shares and $250m of Rede
Slide 19: Investments
For personal use only Investments SGH Presentation – March 2012 Slide 18
Slide 20: Overview of SGH Investments
Overview of SGH Investments For personal use only $394m $258m Listed equities 24% portfolio $358m 11% $27m 100% Note: market value of investments shown as at 31 December 2011 SGH Presentation – March 2012 Slide 19
Slide 21: Consolidated Media Holdings Limited (CMH)
Consolidated Media Holdings Limited (CMH) CMH is a media investment company, investing in key new media. CMH has a 25% investment in Australia's leading subscription television business For personal use only Foxtel and a 50 per cent investment in subscription television content provider Fox Sports
Slide 22: Agricultural Bank of China (ABC)
Agricultural Bank of China (ABC) For personal use only Strategic Investment Rationale Key Points As a shareholder One of the big 4 banks in China. It’s the largest by retail reach and the third largest commercial bank in China. Has approximately 320 million retail customers with 23,624 domestic
Slide 23: Financials
For personal use only Financials SGH Presentation – March 2012 Slide 22
Slide 24: Consolidated Profit and Loss
Consolidated Profit and Loss Total Group For personal use only 6 months to 6 months to $m % Change 31 Dec 2011 31 Dec 2010 Revenue 1,955.6 1,512.4 29% Other income 39.2 29.1 35% Share of results from equity accounted investees 88.7 103.8 -15% Total revenue and other income 2,083.5 1,645.3 27% Expens
Slide 25: Summary of Significant Items
Summary of Significant Items For personal use only 6 months to 6 months to $m 31 Dec 2011 31 Dec 2010 Impairment - SWM equity to market value (161.8) - Impairment - CMH equity to market value (3.4) - Impairment - Other (2.4) - Other - Gains / Fair value movements 5.8 - Unusual share of result from e
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet Total Group For personal use only 6 months to 6 months to $m % Change 31 Dec 2011 31 Dec 2010 Trade and other receivables + other current assets 650.7 578.7 12% Inventories 1,376.7 989.6 39% Intangible assets 542.9 526.2 3% Investments 2,361.1 2,366.4 0% Fixed assets 297.3
Slide 27: Subsequent events & outlook
Subsequent events & outlook For personal use only Subsequent events On 25 January 2012, SGH completed the compulsory acquisition of minority interests in National Hire, moving to 100% ownership. As shown in the Consolidated Investment Listing slide and in the subsequent event note in the Appendi
Slide 28: For personal use only
For personal use only SGH Presentation – March 2012 Slide 27
Seven Group Holdings — Australian Emerging Companies conference (April 2012) on 6ix