Saunders International Limited · ASX:SND
Saunders International — FY2014 Earnings Presentation
20 slides from Saunders International's earnings presentation, Aug 21, 2014
Slide 1: Saunders International Ltd
Saunders International Ltd For personal use only August 2014
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT Corporate Focus: design, construction and maintenance of steel storage tanks and For personal use only the project management of ancillary facilities Price A$0.91 Share Price Performance and Volume as of 20/08/2014 ASX Code SND Shares issued 79.0M Options - Market Cap A$71.0M Cash
Slide 3: Business Description
BUSINESS DESCRIPTION The business was founded in 1951 and specialises in the design, construction and maintenance of For personal use only steel bulk liquid storage tanks. Saunders’ products and services are provided via two inter related models: − Design & Construction; and − Facilities Maintenance
Slide 4: FY14 Revenue
FY14 REVENUE For personal use only Total Revenue $69,359 Split of Facility Maintenance and Design & Construct 45/55 Total Number of Customers 15 Repeat Customers 13 Percent of Revenue 93% New Customers 2 Percent of Revenue 7% 4 SAUNDERS INTERNATIONAL LIMITED
Slide 5: FY14 Geographical Revenue Distribution
FY14 GEOGRAPHICAL REVENUE DISTRIBUTION For personal use only VIC, 11% QLD, 15% WA, 11% QLD WA SA, 12% NSW, 51% SA NSW VIC FY2014 – Majority of Revenue from Western Australia and South Australia FY2015 – Storage Terminal expansion drives significant increase in revenue from NSW FY2015 – South e
Slide 6: Contract Activity
CONTRACT ACTIVITY For personal use only 6 SAUNDERS INTERNATIONAL LIMITED
Slide 7: Design & Construction: Recent Projects
DESIGN & CONSTRUCTION RECENT PROJECTS: For personal use only Tanks Newcastle, NSW Value $8M 7 SAUNDERS INTERNATIONAL LIMITED
Slide 8: Design & Construction: Recent Projects
DESIGN & CONSTRUCTION RECENT PROJECTS: For personal use only Roof High Great work needs great people 8 SAUNDERS INTERNATIONAL LIMITED
Slide 9: Facility Maintenance
FACILITY MAINTENANCE Roof Repair, NSW For personal use only 9 SAUNDERS INTERNATIONAL LIMITED
Slide 10: FY14 Revenue – Sector Distribution
FY14 REVENUE – SECTOR DISTRIBUTION For personal use only Chemical, Water 3% 9% Oil & Gas, 88% Water Chemical Oil & Gas Total Revenue $69M Increased activity in Terminal Construction and Maintenance 10 SAUNDERS INTERNATIONAL LIMITED
Slide 11: Outlook FY15: Design and Construct
OUTLOOK FY15 For personal use only Design and Construct - Current live tenders valued at $57 million and strong pipeline with approx. $52 million to be tendered in first half Competitive environment exists First half likely to experience reduced revenue but strong second half expected 11 SAUND
Slide 12: Outlook FY15: Facility Maintenance
OUTLOOK FY15 For personal use only Facility Maintenance - Caltex Refinery conversion work continues at Kurnell Conversion project at Shell Clyde to start late 2014. If successful majority of work to be executed in 2015/2016 Continue focus on non refinery maintenance work 12 SAUNDERS INTERNATIO
Slide 13: Backlog at June 2014
BACKLOG at 30 JUNE 2014 For personal use only Work in hand 30 Jun 2014 30 Jun 2013 28m 39m 13 SAUNDERS INTERNATIONAL LIMITED
Slide 14: Financial Metrics
FINANCIAL METRICS For personal use only KEY FINANCIAL STATISTICS FY2011 FY2012 FY2013 FY2014 Revenue $52.8 m $46.0 m $60.5 m $69.4 m EBITDA $2.6 m $6.2 m $8.2 m $9.3 m EBITDA % margin 5% 13.5% 13.5% 13.4% EBIT $2.0 m $5.7 m $7.7 m $8.6 m NPBT $2.7 m $6.3 m $8.3 m $9.1 m NPAT $1.9 m $4.5m $5.8 m $6.4
Slide 15: Balance Sheet
BALANCE SHEET BALANCE SHEET ($ Million) 30 JUNE 2014 For personal use only Assets Strong cash reserves Cash 18,219 No debt Trade receivables 10,673 NTA per Share of approx. 20.8 cents Plant and equipment 1,787 Deferred tax assets 1,378 Others 454 Total Assets 32,511 Liabilities Payables 8,504
Slide 16: FY2014 Cash
FY2014 CASH For personal use only Cash at 30 June - 2013 2014 13M 18M Cash impacted by:- CapEx spend of $0.65M General increase in construction activity 16 SAUNDERS INTERNATIONAL LIMITED
Slide 17: Business Strategy
FINANCIAL PERFORMANCE For personal use only BUSINESS STRATEGY Design & Construction: − The opportunity pipeline for Terminal tankage is strong and Saunders is well positioned to capitalize on this. Facility Maintenance: − Broaden and grow the business unit’s revenue base outside the major Oil Re
Slide 18: Financial Performance and Outlook Summary
FINANCIAL PERFORMANCE AND OUTLOOK SUMMARY PERFORMANCE SUMMARY For personal use only • Revenue up • PAT up • Maintenance services revenue up • Build organization and skills base to provide more comprehensive service to customers 5 YEAR PERSPECTIVE NET PROFIT AFTER TAX OUTLOOK SUMMARY $5.8 $6.4 • Dema
Slide 19: Building for the Future
BUILDING FOR THE FUTURE For personal use only Improve Manufacturing Efficiency New Laser Profiling Machine New Wheelabrator (blasting) Process Improve Construction Performance Employ market leading Welding Technology Further develop Tank Jacking System Grow Management Skills Base Expand or
Slide 20: Important Notice
IMPORTANT NOTICE For personal use only This presentation has been prepared by Saunders International Limited (“Saunders”) as a summary of the Company and its operations and for general information purposes only. This presentation is not and should not be considered as an offer or invitation to s
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