Slide 1: Capral Ltd 2008 Full Year Results Presentation
For personal use only Capral Ltd 2008 Full Year Results Presentation February 2009 1
Slide 2: Headlines
Headlines For personal use only • Results – Tonnes sold 65,715 Tonnes (down 4.5%) – Trading EBITDA $7.6m loss (2007: $4.2m loss) – Operating Cashflow $14.5m outflow – Impairment of Goodwill $83.4m • Factors affecting result – Sharp drop in sales volume in Q4 (20.9%) – Three year outlook has deterior
Slide 3: Key Stats
Key Stats For personal use only $M FY 2008 FY 2007 Sales Volume - External ('000 Tonnes) 65.7 68.8 Sales Revenue - ($m) 527.5 564.6 Trading EBITDA (7.6) (4.2) Non-Trading Items Net Profit on sale of Campbellfield property 5.4 - Revaluation of Angaston property (0.7) - Restructuring costs (4.7) (2.3)
Slide 4: Market Analysis
Market Analysis For personal use only • Residential: • Industrial: – Residential dwelling commencements – Weakening in industrial market soft particularly in late 2008 segments in H2 2008 • Down 4.4% on 2007* – Weakness has been severe in • Dec 08 quarter down 15.5% on Dec transport, automotive and
Slide 5: Response to current trading position
Response to current trading position For personal use only • Consolidation of warehouse operations in Sydney, Townsville, Adelaide, Perth and Melbourne • Closure of trade centres reducing network to 21 outlets (30 in January 2008) • Reduction in shifts at extrusion plants and paint finishing lines •
Slide 6: Broader response to return to profitability
Broader response to return to profitability For personal use only • Streamline product offer and simplify service offer to improve service capability, reduce costs and inventories • Further increase productivity and reduce unit production costs at Bremer • Maintain margins through effective price ma