Southern Cross Electrical Engineering Limited · ASX:SXE
Southern Cross Electrical Engineering — Euroz North West Shelf Conference 2009
17 slides from Southern Cross Electrical Engineering's conference presentation, Nov 19, 2009
Slide 1: Euroz North West Shelf Conference
For personal use only Euroz North West Shelf Conference Thursday, 19th November 2009
Slide 2: Reflections – The Journey So Far
Reflections – The Journey So Far For personal use only Nov 07 – Listed on the ASX Aug 08 – Beat prospectus forecast Nov 08 – Karratha Conference/Cape Lambert Site Visit Mar 09 – Euroz Rottnest Conference – Strategy Presentation – 4 Pillars Aug 09 – Strong FY09 Results – Completed 2 Acquisitions – Hi
Slide 3: Group Highlights FY09
Group Highlights FY09 For personal use only • 0 LTI’s • All projects delivered within expectations • NECA Awards – WA OHS Award, WA Industrial Project Award • Revenue up 19% to $100.3m • EBITDA up 66% to $26.9m (35% increase pre IPO costs) • EPS up 27% to 12.9cps • Full year dividend 6.5cpsff (FY08
Slide 4: Financial Highlights
Financial Highlights For personal use only FY09 FY08 Change Revenue $m 100.3 84.2 16.1 EBITDA $m 26.9 16.2* 10.7 NPAT $m 15.5 11.3* 4.2 Operating cash flow $m 15.7 9.9* 6.1 EPS cps 12.9 10.1* 2.8 DPS cpsff 6.5 6.0 0.5 ROE % 41.3% 49.1% (7.8%) * Includes pre-tax IPO costs of $3.7m 4
Slide 5: Major Project Overview
Major Project Overview For personal use only Cape Lambert Upgrade • Contributed approx 34% of revenue • Won safety award at Cape Lambert upgrade 6 out of 10 times • Work completed June • Zero LTI’s Hope Downs • Contributed approx 19% of revenue • Lump sum margins in line with expectations • Work com
Slide 6: Major Project Overview
Major Project Overview For personal use only Boddington • Contributed approx 7% of revenue • Work is continuing • Assisting with the final commissioning process Buzwagi • Contributed approx 21% of revenue • Lump sum margins in line with expectations • Work completed in July 2009 • Zero LTI’s 6
Slide 7: Pluto Project
For personal use only Pluto Project 7
Slide 8: Pluto Contract Award – Site A
Pluto Contract Award – Site A For personal use only • Storage and loading facility • O&G Major Strategic Focus to Complement Core Mining Business • Schedule of rates contract with value of ≈ $35m • Mobilisation December 2009 • Completion - July 2010 • Peak manning approximately 125 • Predominantly c
Slide 9: Four Pillars
Four Pillars SCEE’s of Growth Market Position For personal use only SCEE Ltd Mining Mining Infrastructure Oil & Gas Australia International • Major iron ore and • Permanent offices in • Primarily overhead • Recent win of coal projects Lima and Denver power lines for Pluto jetty, storage expected to
Slide 10: Mining Australia
Mining Australia For personal use only • Capital for projects becoming available • Commodity prices have risen • Signs of project development have begun • Expect projects to commence calendar 2010 • Mining projects will be competing with O&G projects for contractors 10
Slide 11: Mining International
Mining International For personal use only • Similar themes as Australian mining • Gold price and debt + equity funding should see a number of projects commence in South America and Africa • Expect projects to commence calendar 2010 • Review being undertaken to ensure SCEE is well placed for these o
Slide 12: Infrastructure
Infrastructure For personal use only • Acquired K.J Johnson in August integration nearly complete, General Manager has been appointed • Demand for power lines expected to increase in line with Mining Australia capital expenditure • Currently completing work at Brockman 4, Cape Preston and Yandi 12
Slide 13: Oil & Gas
Oil & Gas For personal use only • Potential for WA LNG industry to be in construction phase for 4 -5+ years • Demand for E&I construction services expected to grow • Pluto win signals SCEE’s return to this market • Hindles acquisition adds niche offshore maintenance and inspection services • Targete
Slide 14: Advanced Oil & Gas Capital Expenditure
Advanced Oil & Gas Capital Expenditure PNG For personal use only US$10bn Major less advanced LNG $1,000m projects - $40bn $112m Major less advanced LNG $55,140m CSM $827m projects - $15bn $700m n/a $41m Key Oil and Gas $3,935m Pipeline $50m CSM Coal seam methane $ Est. capex 2009 - 2014 Mining inclu
Slide 15: SCEE's Adjacency Map
SCEE’s Adjacency Map For personal use only Civil Capabilities Target Sectors Standby Power Residential / Domestic Structural Commercial Mechanical Key Telecomms. Piping Plumbing / Scaffolding = Current operating areas Water Fire & Security = Possible growth areas HVAC Public Infra. Telecomms. = Grow
Slide 16: Strategic Plan Progress
Strategic Plan Progress For personal use only Strategic Objectives Strategic Thrusts Grow Electrical Engineering Expand our capability SCEE Growth Organically enter new segments and geographies Business Enter new market segments and Strategy geographies Acquire new capabilities Div
Slide 17: For personal use only
For personal use only Thursday, 19th November 2009
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