Evz Limited · ASX:EVZ
Evz — Investor Presentation (February 2008)
24 slides from Evz's investor presentation, Feb 27, 2008
Slide 1: Mr Gordon McKern - Executive Chairman
For personal use only Mr Gordon McKern - Executive Chairman
Slide 2: Sales & EBIT Comparison – First Half of Financial Year
Sales & EBIT Comparison – First Half of Financial Year For personal use only • Group sales for the first half of FY2008 were $45.7M • Group EBIT for the first half of FY2008 was $5.2M • All figures include only 4 months from TSF Engineering
Slide 3: EVZ is a key player in Engineering services in the Australasian region
“EVZ is a key player in Engineering services in the Australasian region” For personal use only
Slide 4: Recent Projects
Recent Projects For personal use only Putra Jaya Mosque, Southern Cross Station, Terminals Pty Ltd tanks, Malaysia Melbourne Geelong
Slide 5: Key Clients
For personal use only Key Clients
Slide 6: EVZ Entering the Next Phase of its Growth
EVZ Entering the Next Phase of its Growth For personal use only • Our strategy is to develop a network of engineering service enterprises across Australia through a combination of organic growth, intra-group synergies and acquisitions • FY2007 was the second consecutive year a profit result was reco
Slide 7: Capital Management
Capital Management For personal use only • Declared final fully franked dividend of 0.75c per ordinary share – Payable May 2008 • Declared interim fully franked maiden dividend – Paid November 2007 • Launch of Dividend Reinvestment Scheme - November 2007 • Launch of Employee Share Plan – November 20
Slide 8: Business Divisions
Business Divisions For personal use only Syfon based in Victoria, Queensland and Malaysia, are specialist roof drainage engineers with over 15 years experience in high rainfall areas Projects in Australia and Asia include sporting arenas, airports, convention centres, mosques, hospitals, and shoppin
Slide 9: Business Divisions
Business Divisions For personal use only National based in Young New South Wales, is a major steel fabrication business The company’s core business is the fabrication of structural steelwork for commercial, industrial and retail projects including stadiums, car parking stations, bridges, coal handli
Slide 10: Divisional Review
For personal use only Divisional Review
Slide 11: Syfon Systems
Syfon Systems For personal use only • Increasing EBIT margin • Continually contributes to economic profit • New office opened in Brisbane - January 2008 • New projects include Merrylands shopping centre in NSW and the Economic profit = cash operating profit after tax and economic depreciation – capi
Slide 12: Brockman Engineering
Brockman Engineering For personal use only • Consistent double digit EBIT margin over recent periods • Acquisition date - April 2006 • Increasing contribution to economic profit • Strong first half FY2008 sales • Substantial tanks works completed Economic profit = cash operating profit after tax and
Slide 13: Danum Engineering
Danum Engineering For personal use only • Acquisition date - January 2007 • Strong historic contribution to economic profit • Variable historic sales but consistent double digit EBIT Margin • $5.9M in forward orders Economic profit = cash operating profit after tax and economic depreciation – capita
Slide 14: National Engineering
National Engineering For personal use only • Acquisition date - June 2007 • Excellent initial contribution to economic profit • Strong first half FY2008 result • Currently completing the Canberra DFO project ($10.9M revenue) Economic profit = cash operating profit after tax and economic depreciation
Slide 15: TSF Engineering
TSF Engineering For personal use only • Acquisition date - September 2007 • Acquisition pricing was based on the average of prior 3 years EBIT of $3.6M (in line with future earnings expectations) • Major projects include Broadway Economic profit = cash operating profit after tax and economic depreci
Slide 16: Group Review
For personal use only Group Review
Slide 17: EVZ Group Highlights of First Half of FY2008
EVZ Group Highlights of First Half of FY2008 For personal use only • Acquisition of TSF Engineering and subsequent expansion into the Sydney market • Appointment of Chief Operating Officer - Mr Andrew Powis • The head office corporate team has been enhanced to provide additional support to the opera
Slide 18: Economic Profit and Total Shareholder Returns Analysis
Economic Profit and Total Shareholder Returns Analysis For personal use only • EVZ has significantly increased it’s economic profit over the last 2 years • EVZ has consistently delivered direct value to the shareholders • The half year result for FY2008 has almost reached the full year FY2007 result
Slide 19: Forecast & Future Outlook
For personal use only Forecast & Future Outlook
Slide 20: Forecast & Future Outlook: Core Business Operations
Forecast & Future Outlook For personal use only Core Business Operations • EVZ have implemented a number of initiatives to maximise the opportunities and synergies that exist between the existing portfolio of companies – regular meetings by the COO with the five MDs – the introduction of a shared te
Slide 21: Forecast & Future Outlook: Acquisitions
Forecast & Future Outlook For personal use only Acquisitions • Acquisition template was refined at strategy conference in November 2007 • Focus remains on engineering services sector • In addition to EVZ’s current acquisition strategy we are also seeking bolt-on acquisitions for Group companies to d
Slide 22: Forecast & Future Outlook: Corporate Structure
Forecast & Future Outlook For personal use only Corporate Structure • Corporate overheads continue to decrease as a percentage of Sales
Slide 23: Group Forecast for FY2008
Group Forecast for FY2008 For personal use only • Forecast annualised Sales of approximately $100M for FY2008 • Forecast EBIT of $11.0M in FY2008 (increase of 88% on FY2007)
Slide 24: Outlook
Outlook For personal use only • Even in this current volatile market, EVZ is a financially strong company which will continue to produce strong growth in sales, profits and shareholder value • The ongoing demand in Australia for engineering, maintenance and fabrication services ensures the EVZ reven