Mcpherson's Limited · ASX:MCP
Mcpherson's — H1 FY2007 Earnings Presentation
7 slides from Mcpherson's's earnings presentation, Mar 1, 2007
Slide 1: Half Year Result - December 2006
HALF YEAR RESULT —- DECEMBER 2006 David Allman Managing Director
Slide 2: Profit & Loss
PROFIT & LOSS AS Millions December 06 December 05 Sales 165.3 167.8 EBITDA 25.3 20.4 Depreciation (2.7) (3.0) EBITA 22.6 17.4 Interest (6.1) (6.1) NPBT 16.5 11.3 Tax (4.7) (3.0) NPAT 11.8 8.3 EPS (cents) 18.6 13.8 DPS (cents) 9.0 7.0 Note: December 2005 excludes amortisation of intangibles ($0.6 mil
Slide 3: EBITDA Breakdown
EBITDA BREAKDOWN (A$ Millions) Consumer Products ~ Australia Printing Corporate GROUP — International December 06 19.3 December 05 14.3 5.1 (Richardson 0.9) 19.4
Slide 4: Balance Sheet at 31st December 2006
BALANCE SHEET AT 315t DECEMBER 2006 AS Millions December 06 December 05 Fixed Assets (including intangibles) 211.3 212.7 Net Working Capital 83.8 79.5 Other (41.7) (30.7) Funds Employed 253.4 261.5 Shareholders’ Funds 136.1 121.7 Net Debt 117.3 (46%) 139.8 (53%) 253.4 "261.5 Funds Employed - Consume
Slide 5: Consumer Products Commentary
CONSUMER PRODUCTS COMMENTARY . EBITDA / Sales = 18.2% (prior year 14.8%) Australia . Significant improvement at Kingsgrove:- - Higher productivity - Expense reductions - SKU and inventory reduction (exit low contribution products) - Working smarter - New product successes - A$ and above factors offs
Slide 6: Printing Commentary
PRINTING COMMENTARY « EBITDA/ Sales of 11% (14% excluding equipment operating lease expense). Prior year 7.0% / 10%. Capital expenditure programme benefits starting to flow.
Slide 7: Objectives
OBJECTIVES . Restore ROSF to 20% per annum (achieved 2001 — 2005). . Further organic growth. . Strategic acquisitions producing target level returns.
McPherson's — H1 FY2007 Earnings Presentation on 6ix