Slide 1: Half Year Results Presentation
Half Year Results Presentation 23 February 2017 SYDNEY
Slide 2: Disclaimer
Disclaimer This document, and any constituent or associated presentation, information or material (collectively, the Material), is not (and does not form part of) an offer, solicitation, invitation or recommendation in respect of any securities and neither the Material nor any part of it will form t
Slide 3: HY16 Earnings Summary
HY16 Earnings Summary $m HY16 HY15 Change Revenue 21.3 21.1 1% EBITDA 2.4 2.3 2% Depreciation & (0.3) (0.2) 18% • Revenue up 1% on pcp Amortisation Tax (0.9) (0.8) • EBITDA up 2% on pcp Interest expense (0.0) (0.0) NPAT 1.5 1.7 (11%) • NPAT down 11% on pcp NPAT Margin 7% 8% EPS (cents) 4.42 4.96 (11
Slide 4: CMI Limited Overview
CMI Limited Overview Excelsior CMI Investment Asset Electrical Portfolio Management CMI Electrical’s Investing in a operations comprise diversified portfolio the design and EAM is a funds of businesses in distribution of management joint order to generate electrical venture initially both income and
Slide 5: CMI Electrical
CMI Electrical • The mining sector has been difficult over the past few years but the environment appears to have stabilised over the past six months. • Upfront capital expenditure for new mines in the coal market remains subdued. The replacement market is stable. • Pricing remains competitive. • So
Slide 6: Excelsior Asset Management & Investment Portfolio
Excelsior Asset Management & Investment Portfolio • CMI held its cash reserves in term deposits with various institutions • In the process of transferring cash to EAM from term deposits as they mature. This process is continuing. • The Manager is in the process of identifying suitable investment opp
Slide 7: Capital Management
Capital Management • 3 cent fully franked dividend paid in September 2016 – $1 million returned • Off-market buy-back completed in January 2017 for 10% of issued capital – Price $1.2501 including a fully franked dividend of $0.24 – $4.4 million returned • 3 cent fully franked dividend announced – Pa
Slide 8: Capital Management
Capital Management Date Amount ($m) Dividend - 6 cents fully franked Sep-15 $2.1 Capital Return - 30 cents Dec-15 $10.5 Dividend - 3 cents fully franked Mar-16 $1.0 Dividend - 3 cents fully franked Sep-16 $1.0 Off-market buy-back Jan-17 $4.4 Declared Dividend - 3 cents fully franked Mar-17 $0.9 TOTA
Slide 9: Balance Sheet
Balance Sheet • Strong balance sheet and capacity to generate cash – Net cash $26.2m – Net Tangible Assets $1.32 per share Balance Sheet Summary $m HY16 FY16 Total Assets 56.4 55.9 Total Shareholder Funds 50.7 50.3 Net Cash/(Debt) 26.2 26.7 Page 9
Slide 10: Thank you
Thank you Page 10