Slide 1: MaxiTRANS Industries Limited - Year Ended 30 June 2011
For personal use only MaxiTRANS Industries Limited Year Ended 30 June 2011
Slide 2: Financial Highlights
Financial Highlights For personal use only FY09 FY10 FY11 % Change $000 $000 $000 on FY10 Revenue 252,621 235,387 202,476 (14%) EBITDA 7,339 14,741 11,230 (24%) NPBT (993) 7,124 4,341 (39%) NPAT (1,894) 5,766 4,171 (28%) These results include the following non-operating items: Impairment (6,137) - -
Slide 3: Financial Highlights (cont)
Financial Highlights (cont) For personal use only FY09 FY10 FY11 $000 $000 $000 Operating Cash Flow 14,072 8,723 9,058 Net Debt 24,236 21,905 9,779 Net Debt/Equity % 29% 25% 11% EPS (Basic) (1.09) cents 3.17 cents 2.27 cents Dividend declared 1.0 cent 2.0 cents 1.5 cents Dividend as % of EPS - 63% 6
Slide 4: FY11 Overview
FY11 Overview For personal use only • Commenced the year with slow order intake • Order intake in FY11 down 12% on FY10 • Order intake in 2H11 up 30% on 1H11 • Major contracts secured in 4Q11 • Another record contribution from Colrain parts business • Sale of Hamelex White property and strong operat
Slide 5: Strategic Achievements in FY11
Strategic Achievements in FY11 For personal use only • Enhanced Competitiveness: − Consolidation of manufacturing activities – improved efficiencies and reduced overheads (estimated $2 million p.a.) • Expansion in China: − Acquisition of 100% of MTC − New and expanded manufacturing facility under co
Slide 6: Parts
Parts For personal use only • Record profit contribution in FY11 (up 112% on pcp) • Significant contribution from NSW site growth • Sales growth from new product ranges (lights, signage, tools etc) • Tyre sales continue to grow strongly • Suspension sales continue to increase • Further growth expect
Slide 7: Trailers
Trailers For personal use only • Unit sales down 29% on pcp • 2H11order intake up 50% on 1H11 order intake • All new Freighter AutoHold launched at Brisbane Truck Show − Load restraint curtains − No buckles or straps − Patent Pending • Strong order bank to start FY12 (up 78% on pcp). New Freighter A
Slide 8: Vans
Vans For personal use only • Unit sales down 27% on pcp • 2H11 order intake up 67% on 1H11 order intake • Strong order bank to start FY12 (up 32% on pcp) • Classic C Series well received by customers. Maxi-CUBE C Series vans for road train use in WA 8
Slide 9: Tippers
Tippers • FY11 unit sales down 24% on pcp For personal use only • 2H11 order intake up 14% on 1H11 • Agricultural demand improved in 2H11 • Hamelex White manufacturing transferred to Ballarat • New Dandenong sales, service and parts facility • New products being launched for resources sector. Lusty
Slide 10: Resources Sector
Resources Sector For personal use only • ABARES forecasts continuing growth in sector* • Commenced supplying side tippers to resources sector 5 years ago • Increased focus - Senior Manager appointed • New and updated product range being launched • Heavy duty off-road contract won − C -Triple side ti
Slide 11: New Zealand
New Zealand For personal use only • FY11 profit contribution up 457% on pcp • FY11 unit sales up 48% on pcp • FY11 order intake up 246% on pcp • New manufacturing, sales & service facility to open 2Q12 • Expanded product ranges from new facility • Strong contribution expected FY12. New Auckland Faci
Slide 12: MTC – Yangzhou, China
MTC – Yangzhou, China • Major panel supplier to Chinese body builders For personal use only • Remaining 50% equity acquired January 2011 • Refrigerated road transport market in China forecast to grow at 10% CAGR to 2014* • New factory due for completion June 2012 • Capacity to increase by 300% • Agr
Slide 13: Joint Venture
Joint Venture For personal use only Freighter Maxi-CUBE Qld (36.67%): • FY11 Contribution down 32% on pcp • Slow trailer and van market • Adverse effects of Brisbane floods and North Qld cyclone. FMQ Head Office flooded Jan. 2011 Trailer Sales NQ, a division of FMQ 13
Slide 14: Outlook FY12
Outlook FY12 For personal use only • Starting FY12 with stronger order bank (up 24% on pcp) • Colrain contribution expected to grow further • New Zealand operation expected to grow • Resource sector opportunities to be pursued • Global and local economic outlook remains uncertain • Low gearing suppo
Slide 15: For personal use only
PEM, HamelexWhite ‘OSTV EASH