Slide 1: Company Overview April/May 2013
For personal use only Company Overview April/May, 2013
Slide 2: The Silver Chef Group
The Silver Chef Group o Established 26 years ago by For personal use only Chairman and major shareholder, Allan English. o Provides equipment funding solutions under two brands: Silver Chef and GoGetta o A proven, rental-based equipment funding model that is well suited to the needs of small busines
Slide 3: Business Model – Simple, Predictable & Sustainable
Business Model – Simple, Predictable & Sustainable For personal use only o Provides equipment funding for small to o Provides equipment funding for small to medium hospitality businesses. medium businesses outside of hospitality. 3
Slide 4: Business Model – Simple, Predictable & Sustainable
Business Model – Simple, Predictable & Sustainable o Rental assets only acquired for For personal use only specific rental contracts o Standard rental charged weekly by direct debit in advance o Minimum 12 month contract for customers provides recurring income o At the end of the contract, customer
Slide 5: Building Value – Key Metrics (FY12)
Building Value – Key Metrics (FY12) For personal use only CAGR Change FY05 to FY12 FY 11 v FY 12 Rental income 37% 34% Rental assets at cost 35% 31% Net profit before tax (NPBT) 42% 35% Net profit after tax (NPAT) 41% 34% Operating cash flow 41% 30% Basic EPS 21% 26% Total di
Slide 6: Building Value – Total Shareholder Returns
Building Value – Total Shareholder Returns For personal use only 30.0% 40.0 37.4 26.3% 26.4% 25.4% 35.0 25.0% 24.1% 23.6% 21.7% 22.0% 30.0 29.7 20.0% 17.1% EPS (cents per share) 26.6 25.0 15.1% 22.5 14.6% 14.5% 14.6% 15.0% 20.0 13.5% 12.1% 12.5% 17.5 11.4% 16.1 15.0 10.0% 12.2 10.0 9.9 5.0% 5.0 0.0%
Slide 7: Funding
Funding First Half - Rental Asset Funding Source For personal use only o Silver Chef utilises a diverse range of funding to support the growth of the business through the acquisition of assets for rental to clients. 26% o In 1H13 the company acquired $65.6m worth of rental assets at cost of which 74
Slide 8: Risk Management
Risk Management For personal use only o Bad debts as a percentage of revenue fell to 0.5% (FY12: 0.7%) in the first half. o Strong asset utilisation with 96% of assets on live contracts. Bad debts and impairments 4.5% 4.3% 4.0% 3.5% 3.5% 3.3% 3.0% 2.9% 2.7% 2.5% 2.2% 2.0% 1.7% 1.4% 1.5% 1.1% 1.5% 1.
Slide 9: Strategy & Outlook
Strategy & Outlook o On-track to meet full year For personal use only guidance of Earnings per Share Access to Funding (EPS) of between 41 and 43 Develop a diverse range of debt and equity cents per share funding sources. Maintain 30% equity o Continued steady growth funded asset base. Customer expe
Slide 10: Disclaimer
Disclaimer Silver Chef Limited has not considered the financial position or needs of the recipient in providing this presentation. Persons needing advice should For personal use only consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial or legal advi