Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — FY2006 Earnings Presentation
16 slides from Washington H. Soul Pattinson And's earnings presentation, Oct 5, 2006
Slide 1: Review of Operations for Year Ended 31st July 2006
REVIEW OF OPERATIONS FOR YEAR ENDED 31ST JULY 2006
Slide 2: 2006 Results
2006 Results . Group profit after tax and before non regular items increased by 6.7% to $102.6M . Increased profits from the Group’s Australian coal operations and Brickworks Limited underpinned the consolidated result. " Results impacted by the significant loss in KH Foods & reduced contribution fr
Slide 3: 2006 Results — Dividends
2006 Results — Dividends . Final dividend increased by 7% to 16 cents per share; . Fully franked special dividend totalling 15 cents per share to be paid with final dividend.
Slide 4: Group Performance - Consolidated Profit Results
Group Performance - Consolidated Profit Results Profit After Tax and Outside Equity ($M) AGAAP AIFRS 405.7 2002 2003 2004 2005 2006 Before non-regular items @ After non-regular items
Slide 5: Group Performance - Earnings per Share
Group Performance - Earnings per Share AGAAP ATFRS 180- 170 2002 2003 2004 2005 2006 © Before non-regular items @ After non-regular items
Slide 6: Dividend Performance
Dividend Performance (excluding Special Dividends) Dividends per Share Total Dividends for 2006 up 8% on last year 2002 2003 2004 2005 2006
Slide 7: Investments - Share Portfolio
Investments - Share Portfolio . Market value of listed investment portfolio $2.2 Billion at 31/7/06 . Excluding controlled entities and associates the market value of listed investment portfolio increased by $83M to $468M . Dividend Income from investments up 10% to $18.2M.
Slide 8: Investments - Share Portfolio
Investments - Share Portfolio . Investments during the year totalled $43M; - $33M in equity market (Roberts Limited, Fiducian Portfolio Services Ltd, Apex Healthcare Berhad and AMP Limited) - $10M in seed capital for Souls Select Australian Share Fund . Disposals of $9M included; - Patrick Corporati
Slide 9: Investments - Associated Entities: API
Investments - Associated Entities API (Australian Pharmaceutical Industries Limited) Net profit of $20.4M, down 41.4%; Discrepancies of $17.2M arose on consolidation and detailed forensic accounting and review of processes failed to provide any conclusive results Board adopted conservative approach
Slide 10: Investments - Associated Entities: Brickworks Limited
Investments - Associated Entities Brickworks Limited 2006 Results 7 Normalised net profit after tax $101.9M up 17% 7 Final Dividend 25 cents per share up 19% 7 Total Dividend 36 cents per share up 16%
Slide 11: Investments - Associated Entities: Clover Corporation
Investments - Associated Entities Clover Corporation Limited 2006 Results . Profit of $453,000 was down 41% on last year, and was impacted by; - Start up losses of $357,000 in soy flour joint venture; ~ expensing of $657,000 in research and product development costs; ~ asset write down of $191,000 .
Slide 12: Controlled Entities - New Hope Corporation Limited Group
Controlled Entities - New Hope Corporation Limited Group (NHC) 2006 Results . Australian Operations Profit After Tax and Outside Equity Interests of $68.7M up 29% on equivalent 2005 result. . Earning per share of 8.6 cents up 19% on equivalent 2005 result. . Option Agreement with Tarong Energy Corpo
Slide 13: Controlled Entities - SP Telemedia Limited
Controlled Entities - SP Telemedia Limited (SPT) Net Profit After Tax $8.2M down 49.1% on previous year; Significant losses from investment in B Digital (46% owned by SPT) totalled $? Normalised Profit of $17M down 3% on last year. Media Operations contributed Profit After Tax of $7.9M, in line with
Slide 14: Controlled Entities - SP Telemedia Limited
Controlled Entities - SP Telemedia Limited (SPT) SPT Com (SOUL Voice) business reported profits in June and July “Ausalliance” is hopeful of being beneficiary of Connect Australia funding WIN Television share of Joint Venture acquired in July 2006 for consideration of 50 Million shares Final Dividen
Slide 15: Controlled Entities - KH Foods Limited
Controlled Entities - KH Foods Limited (KHF) Net Loss after Tax and non regular items of $39.5M - Trading Loss $33.8M - Non Regular Items $5.7M Board replaced management team, with new management headed by CEO Mr Ray Mooney Challenges still lie ahead, however, Current initiatives and business plan e
Slide 16: Controlled Entities - Pitt Capital Partners Limited
Controlled Entities - Pitt Capital Partners Limited (Merchant Banking) Net Profit after Tax of $1.6M down on previous year; Sydney operations profitable whilst South Australia and Hong Kong operations recorded a loss Current work in progress approx $12M;
Washington H. Soul Pattinson and Company — FY2006 Earnings Presentation on 6ix