Emeco Holdings Limited · ASX:EHL
Emeco — Shareholder Meeting (November 2009)
18 slides from Emeco's shareholder meeting presentation, Nov 18, 2009
Slide 1: 2009 Annual General Meeting
For personal use only 2009 Annual General Meeting Alec Brennan Laurie Freedman Chairman Managing Director
Slide 2: Chairman's Address
For personal use only Chairman’s Address Alec Brennan Chairman 2
Slide 3: Board Highlights
Board Highlights For personal use only Board changes… Laurie Freedman (MD & CEO) and Robin Adair (Exec director) stepping down Robert Bishop and John Cahill joined as non-exec directors of the Emeco Board Non-exec directors Greg Minton and Paul McCullagh resigned during the year Appointed
Slide 4: Managing Director's Address
For personal use only Managing Director’s Address Laurie Freedman Managing Director 4
Slide 5: Business Highlights
Business Highlights For personal use only Challenging year but business model validated… FY09 Operating NPAT of $57.7M (1) Record NPAT in 1H09, however 2H09 severely impacted by economic crisis Despite tough environment, some business units outperformed Well positioned… Positive free cas
Slide 6: Financial Performance
Financial Performance For personal use only Achievement of $57.7M Operating NPAT A$ Millions FY08 FY09 FY09 Var Operating Operating Statutory Operating Revenue 617.9 528.2 528.2 (14.5)% EBITDA 213.5 210.9 185.3 (1.2)% margin (%) 34.5 39.9 EBITA 120.3 106.3 80.7 (11.6)% margin (%) 19.5 20.1 NPATA 68.
Slide 7: People & Safety
People & Safety For personal use only Health and Safety of employees remains a top priority LTI / MTI Frequency Rates 55.0 45.0 Injury frequency (per million hrs) 35.0 Australia LTM MTIFR 25.0 15.0 5.0 Australia LTM LTIFR -5.0 09 09 08 9 09 09 9 8 9 9 9 9 t -0 r-0 0 -0 -0 -0 -0 n- b- p- c- g- n- l v
Slide 8: Asset Strategy
Asset Strategy For personal use only Small Equipment Medium Large Equipment Utilised in construction & Utilised in small gold/ metals Core to bulk commodity/ oil infrastructure projects mining fleet or ancillary sands development and equipment in large mines production Significant surplus capacity S
Slide 9: Markets & Customers
Markets & Customers For personal use only Establishing long-term supplier relationships with blue-chip customers Focus on low-cost producers in bulk commodities, precious metals and oil sands Short & long term volume outlook for key commodity exposures is robust 70% of revenue from blue-chip c
Slide 10: Strategy
Strategy For personal use only Medium to Short-Term Long-Term Downsizing European operations Reposition fleet from small civil to large mining equipment USA strategic review underway Increase exposure to low cost producers in Liberating cash from underperforming key commodities assets Bu
Slide 11: Operating Update
Operating Update For personal use only After slow start in Q1, activity ramping up in Q2...... Weak demand and surplus capacity in US Rental and Australian Sales markets impacting earnings 100 % expectations 95 % 90 % 83% Avg WA, QLD and Canada all achieved lower than 85 % 78% Avg 80 % expected
Slide 12: Outlook
Outlook For personal use only Downside Upside Slow 1H10 in WA/ QLD/ Canada Offset Additional large trucks in fleet USA 2H10 activity in WA/ QLD/ Canada Australian Sales FX reducing NPAT by A$2M Earnings skewed 70% to 2H10 2H10 earnings catalyst: o Additional large trucks deployed o Recent contra
Slide 13: Formal Business
For personal use only Formal Business 13
Slide 14: Resolution 1: Election of Mr Robert Bishop
Formal Business For personal use only Resolution 1: Election of Mr Robert Bishop To consider and, if thought fit, to pass the following as an ordinary resolution: “That Mr Robert Bishop, who will be retiring by rotation at the close of the meeting in accordance with the Company’s constitution, is
Slide 15: Resolution 2: Election of Mr Peter Johnston
Formal Business For personal use only Resolution 2: Election of Mr Peter Johnston To consider and, if thought fit, to pass the following as an ordinary resolution: “That Mr Peter Johnston, who will be retiring by rotation at the close of the meeting in accordance with the Company’s constitution, i
Slide 16: Resolution 3: Adoption of Remuneration Report
Formal Business For personal use only Resolution 3: Adoption of Remuneration Report To consider and, if thought fit, to pass the following as an advisory resolution of shareholders of the Company: “That the Remuneration Report for the financial year ended 30 June 2009 is adopted.” The instructions
Slide 17: Please join us in the foyer for refreshments
For personal use only Please join us in the foyer for refreshments
Slide 18: Disclaimer
Disclaimer For personal use only Reliance on third party information The information and views expressed in this Presentation were prepared by Emeco Holdings Ltd (the Company) and may contain information that has been derived from publicly available sources that have not been independently verified.