Brambles Limited · ASX:BXB
Brambles — Non-Deal Roadshow (October 2002)
31 slides from Brambles's roadshow presentation, Oct 1, 2002
Slide 1: A global leader in Support Services - Singapore
A global leader in Support Services Singapore David Turner CFO 1st October 2002
Slide 2: Brambles – a global leader in Support Services
Brambles – a global leader in Support Services • Dual Listed company (“DLC”) • Quality portfolio • Strong growth record • Experienced management team • Exciting opportunities to continue growth 2
Slide 3: Brambles Mission is …
Brambles Mission is … • To be the world’s leading provider of innovative business solutions in support services • To use our outsourcing expertise to add exceptional value in the eyes of our customers • To create superior shareholder value through our people and their enterprising spirit 3
Slide 4: Brambles Executive Committee
Brambles Executive Committee Sir CK Chow CEO David Turner CFO CHEP Cleanaway Recall Industrial HR Strategy Company Services & I.T. Secretary Victor Gerben Al Jean-Louis Chris Paul Craig Mendes Westra Trujillo Laurent Bulmer Martinez van der Laan Orlando London Atlanta Brussels Sydney Sydney / Sydney
Slide 5: Brambles Summarised Financial Statistics
Brambles Summarised Financial Statistics June June 2002 2001 UKGAAP A$, 12 months ending A$m A$m Revenue 8,820 8,646 EBITA* 1,137 1,206 Profit Before Tax* 867 918 Profit After Tax* 617 615 EPS (cents)* 36.6 36.6 Net Debt 4,308 5,164 * Profits pre CHEP Accounting Harmonisation Adjustments 5
Slide 6: Continuing Businesses
Continuing Businesses June 2002 June 2001 UKGAAP A$, 12 months ending A$ A$ Revenue 8088 7312 EBITA* 1093 1094 Growth vs Corresponding period Prior Year 6 months 6 months Full Year UKGAAP A$ to Dec 01 to Jun 02 Revenue 19% 3% 11% EBITA* (5%) 5% 0% * Pre CHEP Accounting Harmonisation 6
Slide 7: Brambles Revenue – Continuing Businesses
Brambles Revenue – Continuing Businesses By Business By Region 2% 15% 18% 40% 8% 52% 31% 34% CHEP Europe Cleanaway Americas Recall Australia/ New Zealand Other Continuing RoW 7
Slide 8: Brambles EBITA – Continuing Businesses
Brambles EBITA – Continuing Businesses By Business By Region 4% 13% 16% 10% 53% 51% 24% 29% CHEP Europe Cleanaway Americas Recall Australia/ New Zealand Other Continuing RoW * Pre CHEP Accounting Harmonisation, Unallocated Corporate excluded from pie chart data 8
Slide 9: Brambles – Focused on Growth
Brambles – Focused on Growth Our 3 main businesses are positioned for continued growth • They have strong value propositions for their customers • There are attractive growth drivers in each business 9
Slide 10: CHEP: management service for supply, rental and control of pallets
“The provision of a management service for the supply, rental and control of pallets and containers which are in continuous circulation between multiple users” 10
Slide 11: Revenue Segmentation
Revenue Segmentation June 2002: A$3326m June 2001: A$2898 10% 10% By Region Americas 41% 49% 42% 48% Europe RoW By Product 4%5% 4%5% Pallets 6% 5% RPC’s 85% 86% Autocrates Other 11
Slide 12: Everyday Customers
SG CHEP Everyday Customers G Brambles 12
Slide 13: Why Customers Use CHEP Pallets
Why Customers Use CHEP Pallets MANUFACTURER BENEFITS Consistent High Quality Pallet Reduced Pallet Expense Reduced Transportation Costs Reduced Product Damage HAULIER BENEFITS Improved Vehicle Utilization Ends Pallet Exchange Disputes Faster Turnaround Times DISTRIBUTOR BENEFITS Faster Load/Unloadin
Slide 14: Pallet Market Penetration: Current Coverage
Pallet Market Penetration: Current Coverage Mature Growth Infant PROPERTY OF CHEP 14
Slide 15: ReUseable Plastic Containers Total Supply Chain Benefits
ReUseable Plastic Containers Total Supply Chain Benefits GROWER BENEFITS Consistent High Quality RPCs Reduced Product Damage Improved cooling efficiencies HAULIER BENEFITS Faster Turnaround Times RETAILER BENEFITS Labor Savings Reduced Product Damage Reduced Corrugated Disposal Expenses Environmenta
Slide 16: Growth Potential: Total Market
Growth Potential: Total Market FURTHER POTENTIAL : US$30B* ADDRESSABLE TODAY: US$10B* • Slip Sheet and floor load Cardboard boxes used for all • Palletized shipments FMCG • Cardboard boxes for produce CHEP TODAY: US$1.5B • US$1.3B Pallets • US$0.2B Containers * Company estimate based on countries wh
Slide 17: Scale and experience
Scale and experience CHEP A$3326m A$594m CHEP Americas CHEP Europe ? #1 in market ? #1 in market ? Significant recent investment (current ? Extensive coverage of whole continent initiatives designed to improve profitability) ? Concentrating on integrating operations into ? Economies of scale remain
Slide 18: CHEP – Productivity Initiatives
CHEP – Productivity Initiatives USA ‘Magnificent Five’ • Total Pallet Management (Wal*Mart) • NPD programme • Depot consolidation • Transport Optimisation • New Collection Strategy Europe • Collection and Repair programme • SAP implementation 18
Slide 19: Growth Focus
Growth Focus Customer Value Proposition ? Unique pooling concept Manufacturer ? Unmatched customer service based on global infrastructure and assets ? Core competence in asset management Growth Drivers Depot Distributor ? Significant headroom for further penetration of supply chain ? Supply chain gl
Slide 20: Range of Services & Activities
Range of Services & Activities • Collection of municipal, industrial, commercial & technical waste • Complementary Services • Recycling, reprocessing & trading of recyclables • Waste Treatment & activities 20
Slide 21: Revenue Segmentation By Geography
Revenue Segmentation By Geography June 2002: A$2722m June 2001: A$2318m UK 1% 1% Germany 15% 16% Australia/NZ 41% 50% Asia 34% 42% 21
Slide 22: Revenue Segmentation By Business
Revenue Segmentation By Business June 2002: A$2722m June 2001: A$2318m Waste Collection Sorting/Recycling 3% 8% 8% 8% Disposal 15% 13% Facilities Management 56% 57% Other 17% 15% 22
Slide 23: Market Size & Future Growth
Market Size & Future Growth Local Authorities Segment Commercial & Industrial Segment £ bn £ bn 12 16 14 10 12 8 10 6 8 6 4 4 Taiwan 2 ANZ 2 UK 0 0 Germany 2002 2012 2002 2012 ? Strong legislation driven growth ? Outsourcing/privatisation of LA segment from 50% today to 75% by 2012 23
Slide 24: Growth Focus
Growth Focus Waste Management Value Chain Sorting Reprocessing & Final Collection & Trading Disposal Recycling • Customer Value Proposition – Solutions to help customers with environmental and waste legislation – An integrated package of outsourcing services – Enabling local / regional scale benefit
Slide 25: Revenue Segmentation By Geography
Revenue Segmentation By Geography June 2002: A$634m June 2001: A$516m Europe 3% 4% Americas 16% 23% 25% 19% Australia/NZ RoW 58% 52% 25
Slide 26: Revenue Segmentation By Business
Revenue Segmentation By Business June 2002: A$634m June 2001: A$516m Document Management 4% 5% Secure Destruction 15% 18% Data Protection 54% 58% Integrated Document 27% 19% Solutions 26
Slide 27: Growth Opportunity
Growth Opportunity Document Management Grand Total Services Vended vs Unvended Data Protection Services Secure Destruction A$5.2B Services Vended Unvended A$14B Total Global Market Size = A$19.2B 27
Slide 28: Growth Focus
Growth Focus Document Management Customer Value Proposition Services (DMS) ? Outsourcing solutions for information management needs ? Complete service across the document Integrated Document lifecycle Solutions (IDS) ? Economies of scale and global standardisation of service delivery Growth Drivers
Slide 29: Other Businesses have an important role
Other Businesses have an important role • Strong market position • Profitable • Generate cash 29
Slide 30: Summary & Outlook
Summary & Outlook In the next twelve months, CHEP’s profit progress will be driven largely by the Americas supplemented by ongoing growth from Australia, Asia Pacific and South Africa. CHEP Europe is competing effectively and maintaining its leading market position whilst improving prices, although
Slide 31: Contact details
Contact details London Sydney Cassini House Level 40, Gateway Building 57 – 59 St James St 1 Macquarie Place London SW1A 1LD Sydney NSW 2001 +44 (0) 20 7659 6000 +61 2 9256 5222 Sue Scholes Edna Carew Head of Investor Group Manager Relations Communications www.brambles.com