Korvest Ltd. · ASX:KOV
Korvest — Investor Presentation (August 2011)
18 slides from Korvest's investor presentation, Aug 1, 2011
Slide 1: Investor Presentation — Korvest Ltd 2011
Investor Presentation — Korvest Ltd 2011 For personal use only
Slide 2: Company Overview
Korvest Ltd Company Overview 2 For personal use only • Korvest (ASX: KOV) provides cable and pipe supports, walkway systems, and galvanising services. • The company has sales offices in Adelaide, Melbourne, Sydney, Brisbane and Perth, with distributors operating in Darwin, Townsville, Hobart, and Ch
Slide 3: Company Overview
Korvest Ltd Company Overview 3 For personal use only Industrial Products Production Services Galvanising Cable & Pipe Supports Industrial Access Systems Manufacturing Services & Corrosion Protection SA Sales SA Sales 14m Hot Dip & Head Office/Manufacturing & Head Office/Fabrication Galvanising Bath
Slide 4: EzyStrut Industrial Products
Korvest Ltd EzyStrut Industrial Products 4 For personal use only The most important components behind every major project for the safe, easy, and organised distribution of cable and pipe networks. Supporting general power and high voltage cables, data and communications cables, internal office netwo
Slide 5: EzyStrut—Markets
Korvest Ltd EzyStrut—Markets Industrial Products 5 For personal use only HVAC/Air Conditioning Commercial Power Civil Constructions Water Mining Communications/LANs Power Generation
Slide 6: Indax Industrial Products
Korvest Ltd Indax Industrial Products 6 For personal use only Industry Standard access solutions for factories, mine sites, and other environments where difficult and safe access is paramount. Indax manufactures industrial walkways, handrail, and safety guarding both in pre-fabricated versions or pr
Slide 7: Indax—Markets
Korvest Ltd Indax—Markets Industrial Products 7 For personal use only External Access Oil Rigs Wharf/Dock Development Mine Access Manufacturing Civil/Industrial Architecture Petrochemical Processing
Slide 8: Galvanisers Production Services
Korvest Ltd Korvest Galvanisers Production Services 8 For personal use only Steel and its need for protection against corrosion is central to Australia’s contruction, energy and resources sectors. Steel: One of the most used, strongest, and easist to work materials is susceptible to corrosion. The m
Slide 9: Galvanisers—Markets
Korvest Ltd Korvest Galvanisers—Markets Production Services 9 For personal use only • Infrastructure Projects • Structural Steel • Castings & Hardware Products • Metalwork
Slide 10: Headline Numbers
Korvest Ltd Headline Numbers 10 For personal use only June 2011 June 2010 % Change Sales $67.38m $55.77m 20.8% EBIT $6.02m $5.59m 7.7% Operating Cashflow $3.19m $3.86m (17.4%) Earnings per share 48.9c 46.3c 5.6% Dividends per share 26c 32c - • Solid Sales Growth • Margin Contraction • Strong Cash Fl
Slide 11: Financial Overview Industrial Products
Korvest Ltd Financial Overview Industrial Products 11 For personal use only June 2011 June 2010 % Change Sales $61.78m $50.01m 23.5% EBIT $5.43m $5.30m 2.5% EBIT % 8.8% 10.6% Cable & Pipe Supports 70 10 9 60 8 Sales (LH Axis) Industrial Access Systems 7 EBIT (RH Axis) 50 SALES ($M) EBIT ($M) 6 40 5
Slide 12: Financial Overview Industrial Products: Trading Update
Korvest Ltd Financial Overview Industrial Products 12 For personal use only Trading Update Cable & Pipe Supports • Good growth although inconsistent between states • Product innovation provided competitive advantage • Strong project work Industrial Access Systems
Slide 13: Financial Overview Industrial Products: Trading Update
Korvest Ltd Financial Overview Industrial Products 13 For personal use only Trading Update Cable & Pipe Supports • Poor performance • 2 facilities operational for full year and exceeded capacity in 2H • Large projects hurt EBIT Industrial Access Systems
Slide 14: Financial Overview Production Services
Korvest Ltd Financial Overview Production Services 14 For personal use only June 2011 June 2010 % Change Sales $5.58m $5.76m (3.1%) EBIT $0.66m $0.86m (23.2%) EBIT % 11.9% 14.9% Galvanising 10 1.2 & Corrosion Protection 9 1 Sales (LH Axis) 8 0.8 EBIT (RH Axis) SALES ($M) EBIT ($M) Manufacturing Serv
Slide 15: Financial Overview Production Services: Trading Update
Korvest Ltd Financial Overview Production Services 15 For personal use only Trading Update • Volumes remained subdued Galvanising • Pricing pressures remained & Corrosion Protection Manufacturing Services
Slide 16: Dividends
Korvest Ltd Dividends 16 For personal use only FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 Interim Dividend per Share 11c 17c 17c 14c 13c Final Dividend per Share 15c 15c 17c 14c 14c Total Dividend per Share 26c 32c 34c 28c 27c Franking 100% 100% 100% 100% 100% Record Date 25 Aug 2011 Payment Date 8 Sep
Slide 17: Balance Sheet
Korvest Ltd Balance Sheet 17 For personal use only $MIL June 2011 June 2010 June 2009 ASSETS Cash & Cash Equivalents 1.6 2.6 4.0 Receivables 16.0 10.9 11.2 Inventories 9.2 9.8 8.5 Property, Plant & Equip 17.2 15.3 14.0 Total Assets 44.0 38.6 37.7 LIABILITIES Payables (7.5) (5.3) (5.1) Other Liabilit
Slide 18: For personal use only
For personal use only www.korvest.com.au www.ezystrut.com.au www.indax.com.au www.korvestgalvanisers.com.au