Environmental Group Limited · ASX:EGL
Environmental — The Environmental Group — Shareholder Meeting (November 2009)
20 slides from Environmental's shareholder meeting presentation, Nov 26, 2009
Slide 1: Annual General Meeting
Annual General Meeting For personal use only 26 November 2009
Slide 2: AGM Agenda
AGM AGENDA For personal use only • Formally Declare meeting Open • AGM Presentation • Questions • Formal Resolutions • Questions • Closure and Light Refreshments 1
Slide 3: Highlights FY 2009
HIGHLIGHT’S FY 2009 For personal use only • Revenue growth of 33% to $38.6 million • EBITDA of $2.1 million up 131% • Profit Before Tax (PBT) of $1.4 million up 136% • Positive Cash flow from Operations of $1.7 million • Maiden dividend declared and paid • Robust Balance Sheet - Cash reserves in exc
Slide 4: Record Revenue - Record Profitability
Record Revenue - Record Profitability For personal use only Revenue Growth of 20% Annualised over 3 years $ Million $38.6 $28.9 $24.0 2007 2008 2009 3
Slide 5: Share Price Performance
Share Price Performance For personal use only 5,000 $0.11 ASX small ordinaries (LHS) The Environmental Group (RHS) $0.09 4,500 $0.07 4,000 $0.05 3,500 $0.03 3,000 $0.01 2,500 -$0.01 2,000 -$0.03 1,500 -$0.05 1,000 -$0.07 07/2007 09/2007 11/2007 01/2008 03/2008 05/2008 07/2008 09/2008 11/2008 01/2009
Slide 6: Strength Through Diversity
STRENGTH THROUGH DIVERSITY For personal use only 5
Slide 7: Major Projects Undertaken in 2008/2009
Major projects Undertaken in 2008/2009 For personal use only St Mary’s Mary’s Woodman Point 6
Slide 8: Business Unit Review: Air Group
BUSINESS UNIT REVIEW Air Group For personal use only TAPC expands in South East Asia. Offices in Singapore & Manila. Strong alliance with GE Environmental Services. TAPC SE Asian expansion immediately adds revenue and profit. Gas and Vapour Division strongly out performs 2008/09 budget. Air Group to
Slide 9: Business Unit Review: Water Services
BUSINESS UNIT REVIEW Water Services For personal use only Exceeded budget for 2008/09 year and continued to improve efficiency of assets managed. Negotiates contract upgrades – enhanced revenue and margins. Provides stable recurring income in economy characterised by constrained capital expenditure.
Slide 10: Business Unit Review: Mining Services
BUSINESS UNIT REVIEW Mining Services For personal use only Fails to achieve 2008/09 budgeted revenue and profit. Market contraction in 2nd half 2008/09, highlights systemic failures. Acquires Singleton based Lenmac Engineering, July 2008. Strengthening in demand for mining services in Bowen Basin Q2
Slide 11: 2009 in Context: A Tale of Two Halves
2009 in Context A Tale of Two Halves For personal use only Six Months Ended 31/12/2008 30/06/2009 000’s 000’s Revenue 23,156 15,448 Profit Before Tax 1,630 (180) Cash flows from 661 1,000 operations 11 10
Slide 12: Are We At A Turning Point?
Are We At A Turning Point? For personal use only SECOND HALF FY 2008/09 RECORDS A LOSS • Broad Industry contraction in demand for capital works • High levels of uncertainty • Excess capacity • Customers actively seek to defer capital works commitments FIRST QUARTER FY 2009/10 RECORDS A PROFIT • Stre
Slide 13: First Quarter Results September 2009
First Quarter Results 30 September 2009 For personal use only • Revenue of $8.1m in line with budget • All divisions exceed Budget profitability except mining services. • Overall Group profitable in Qtr 1 2009/10 12
Slide 14: Management Pivotal
Management Pivotal For personal use only • Formal CEO search process initiated • New CFO appointed • Director Appointment/Resignation 13
Slide 15: Outlook for FY 2009/10
OUTLOOK FOR FY 2009/10 For personal use only • As previously advised demand in key markets of mining services and utilities remains subdued • Impacting revenue and profit for 6 months ending 31 December 2009 • Q1 profitable Q2 2009/10 forecast to be profitable. • Confidence slowly returning to the s
Slide 16: Outlook for FY 2009/10: The Business Response
OUTLOOK FOR FY 2009/10 For personal use only The Business Response: Response 1: Drive improved profitability -Win more quality work at acceptable margins Response 2: Identify acquisitions-Resources dedicated to acquisitive process. Response 3: Rebuild Management Team – Appointed new CFO; formal recr
Slide 17: Questions
For personal use only 16 QUESTIONS
Slide 18: Formal Resolutions
FORMAL RESOLUTIONS For personal use only • Adoption of Remuneration Report • Re-election of John Read as Director • Confirmation of Appointment of Bill Highland as Director • Appointment of Auditors • Dividend Reinvestment Plan 17
Slide 19: Questions
For personal use only 18 QUESTIONS
Slide 20: Closure
CLOSURE For personal use only Address: Unit 3, 9 Packard Avenue Castle Hill NSW 2154 Phone: (02) 8858 3499 Fax: (02) 9899 3463 Email: mail@environmental.com.au www.environmental.com.au 19
The Environmental Group — Shareholder Meeting (November 2009) on 6ix