Southern Cross Electrical Engineering Limited · ASX:SXE
Southern Cross Electrical Engineering — H1 FY2008 Earnings Presentation
12 slides from Southern Cross Electrical Engineering's earnings presentation, Feb 20, 2008
Slide 1: Southern Cross Electrical Engineering Half Year Results Presentation
For personal use only Southern Cross Electrical Engineering Limited For the issue of up to 0,000,000 New Shares at an issue price Presentation for of 000 Half centsEnded Year each to raise up to $0,000,000 31 December . 2007 1 Broker to the issue: EUROZ SECURITIES LIMITED CAN 089 314 983
Slide 2: Disclaimer
Disclaimer No responsibility for contents of Investor Presentation For personal use only • To the maximum extent permitted by law, Southern Cross Electrical Engineering Limited* (ABN 92 009 307 046), its advisers (being Euroz Securities Limited) and representatives: make no representation, warranty
Slide 3: Half year Highlights
Half year Highlights For personal use only Successful listing on ASX Strong first half results Significant new contract win - $50m Cape Lambert port contract for Rio Tinto Strong cash flow resulting in $23m net cash position – no long term debt Fully franked interim dividend of 2 cents per share dec
Slide 4: Half Year Financial Highlights
Half Year Financial Highlights Half year ended 31 Full year For personal use only $ million December 2007 FY08 Forecasts Actual Proforma Proforma Revenue 50.0 96.8 EBITDA 12.7 18.5 EBITDA margin % 25.4% 19.1% EBIT 12.2 17.5 EBIT margin % 24.4% 18.1% Net Profit After Tax (Normalised) 8.6 12.2 NPAT ma
Slide 5: Strong revenue and Profit Growth
Strong revenue and Profit Growth Revenue (reported) Net Profit After Tax (Proforma) For personal use only 120.0 14.0 12.0 100.0 CAGR 29.9% CAGR 105.8% 3.6 10.0 80.0 46.8 8.0 $m 60.0 $m 6.0 10.2 40.0 81.1 4.0 8.6 64.2 50.0 5.4 20.0 44.2 2.0 1.4 - - FY2005a FY2006a FY2007a 1H FY2008a + FY2005a FY2006a
Slide 6: Balance sheet summary
Balance sheet summary Summary balance sheet For personal use only 31-Dec-07 30-Jun-07 Strong Return on Equity Actual $m Actual $m Positioned for continued growth: Cash on hand 25.1 9.2 Receivables 8.8 11.7 Total current assets 33.9 20.9 Significant increase in net assets Property, plant & equipment
Slide 7: SXE Corporate structure & Industry landscape
SXE Corporate structure & Industry landscape Corporate structure and history: For personal use only SXE was established in 1978 Others Others 5% Listed on ASX in November 2007 at issue price of $1 per 5% Southern SouthernCross Cross EC&M EC&M 10% 10% 15% 15% share 120 million shares on issue RCR Tom
Slide 8: Electrical engineering service capability
Electrical engineering service capability For personal use only Resources Infrastructure Heavy industrial 170 Gold treatment plants Port upgrades Material handling (electrical engineering Harbour container facilities world record) cranes Food processing plants Underground mine and Power generating R
Slide 9: SXE Overview & Client mix
SXE Overview & Client mix For personal use only Business overview Specialises in electrical, control and Long-established track record of successfully instrumentation installation and testing undertaking contracts for blue-chip customers: services for the heavy industrial, Length of Contracts manufa
Slide 10: Half year corporate achievements
Half year corporate achievements Significant For personal use only Completed ASX listing on 29 November 2007 achievements Successful Increased market capitalisation from $120 million at IPO to $179 million at 18 February listing on ASX in 1H FY08 2008 $50 million electrical installation contract for
Slide 11: Factors impacting resources services industry
Factors impacting resources services industry SXE is not impacted by current labour constraints in the industry as: SXE is For personal use only SXE has a longstanding, loyal work force insulated Strong operational teams and a preferential working environment resulting in against the No Labour minim
Slide 12: Outlook
Outlook For personal use only Strong global demand for resources continuing to drive mining and heavy industry engineering construction sector Significant project pipeline and tendering opportunities SXE expecting to continue experiencing increased/ expanded scope of works at existing projects gener
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