Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — H1 2006 Earnings Presentation
15 slides from Washington H. Soul Pattinson And's earnings presentation, Apr 11, 2006
Slide 1: Review of Operations Half Year Ended 31 January 2006
WASHINGTON H SOUL Review of Operations Half Year Ended 31% January 2006
Slide 2: Group Performance - (Before Non Regular Items)
Group Performance - (Before Non Regular Items) Consolidated Profit Results Six months Ended 31" January $48.9 2005 Note: 2005 and 2006 have been adjusted for AIFRS 2002 2003 2004 2006
Slide 3: Group Performance - Earnings Per Share
Group Performance — Earnings Per Share - ( Before Non - Regular Items) 257 23.3 Cents 2002 2003 2004 2005 2006 Note: 2005 and 2006 have been adjusted for AIFRS
Slide 4: Group Performance - Interim Dividends
Group Performance Interim Dividends (cents per share) 11 Cents 200 2003 2004 2005 2006
Slide 5: Investments — Share Portfolio
Investments — Share Portfolio > Market Value of Portfolio $2.3 Billion (31/7/05 $2.2 Billion) ; > Major acquisition — 19% stake in Roberts Limited ; » Major Disposals — Colorado Group Limited, Metcash Limited, One Steel Limited and Suncorp Metway Limited ; > New Hope Corporation capital return of $4
Slide 6: Investments — Associated Entities: API
Investments — Associated Entities API (Australian Pharmaceutical Industries Limited) > Shareholding currently 22% ; > Net Profit after Tax for the half year ended 31t October 2005, was $14M, an increase of 1.2% > Sales revenue of $1.6 Billion, up 16.6% > Interim dividend maintained at 6.25 cents/sha
Slide 7: Investments — Associated Entities: Clover Corporation
Investments — Associated Entities Clover Corporation > > > WHSP Share 29% ; Half Year Profit $461,000 up 5% ; Sales growth coming from infant nutrition and powdered supplement categories in NZ and Asia; NuMega Ingredients active in market and with new product innovation New Omega 3 DHA project with
Slide 8: SP Telemedia Limited (SPT)
SP Telemedia Limited (SPT) @ s ) JL > 51% shareholding ; > Reported Net profit after tax and outside equity interest was $2.6M > Significant items in the period affecting reported earnings; - first time adaptation of A.IFRS - full period accounting for new investments in SPT Com and B. Digital - maj
Slide 9: SP Telemedia Limited (SPT)
SP Telemedia Limited (SPT) Teuiceer) couverrcntions > Interim dividend declared of 1.2 cent > Recent announcement of new alliance with Austar to deliver wireless broadband.
Slide 10: KH Foods Limited
KH Foods Limited > 53.3% shareholding ; > Reported operating Loss after Tax of $22.6M, for the half year ended 31 Jan 2006 ; > Excluding non trading items and impact of first time adoption of AIFRS, operating loss after tax $13.9M ($11.1M loss last year) > New management team and structure introduce
Slide 11: Group investments and businesses
API — Wholesale & Retail Pharmaceuticals & Brickworks — Brick & Tile Manufactoring BRICKWORKS Clover — Food Technology CLEVER New Hope — Coal y N SPT — Telecommunications & Media @SOUL PCP - Merchant Banking Souls Fund Management — Funds Management (Souls) Souls Private Equity — Private & listed Equ
Slide 12: Financial Summary
FINANCIAL SUMMARY
Slide 13: Profit Comparison
PROFIT COMPARISON BEFORE ABNORMALS COMPANY WHSP NEW HOPE SPT KH FOODS PCP SPEL SFM BRICKWORKS API OTHER ASSOCIATES TOTAL AS PER INCOME STATEMENT ABNORMALS (note 4) Revenue for period up 93.2%. 2006 11409 25056 2938 -7369 130 710 -37 12290 3750 22 48899 -8803 2005 VARIANCE 9756 1653 26857 -1801 4828
Slide 14: AIFRS Adjustments
AIFRS ADJUSTMENTS Comparatives Current peri rofit up $312k rofit down $11,174k rofit up $3,790k rofit up $1,184k rofit down $6,083k rofit down $2,261k
Slide 15: Brickworks
Brickworks Reported Profit Eliminate profit component from WHSP Adjusted profit WHSP share 2006 48.4m 23.6m 24.8m 12.3m 2005 39.0m 18.1m 20.9m 10.4m
Washington H. Soul Pattinson and Company — H1 2006 Earnings Presentation on 6ix