Slide 1: Full Year Result — June 2004
FULL YEAR RESULT — JUNE 2004 David Allman Managing Director
Slide 2: Profit & Loss
PROFIT & LOSS AS Millions June 04 June 03 Consumer Products EBITA 26:3 11:5 Printing EBITA 12.2 12.8 Corporate, etc (3.1) (2.6) Group EBITA 35.3 21.8 Net Interest (7.6) (4.1) NPBT 27. 177 + 57% NPAT Li 13.0 + 63% EPS (cents) 38.0 31.9 + 19% DPS (cents) 19:0 15.0 + 27% Note?-farnings figures are befo
Slide 3: Balance Sheet at 30th June 2004
BALANCE SHEET AT 30* JUNE 2004 $ A Millions June 04 dst July 03 Fixed Assets (including intangibles) 138.8 139:7 Net Working Capital 66.5 76.5 Other (18.1) (19.6) Funds Employed 187.2 196.6 Shareholders’ Funds 107.5 92.6 Net-Debt TSF: 104.0 Funds Employed — Consumer Products 150.2 159.6 Funds: Emplo
Slide 4: Operational Developments
OPERATIONAL DEVELOPMENTS «McPherson's Housewares and Cork Asia Pacific merged to form McPherson's Consumer Products. Relocation. of McPherson's Housewares.into-Cork premises at Kingsgrove (Sydney) and closure of two warehouses. Restructure expense of $3.7 million 2003/04. Synergies of $6 million per
Slide 5: Ongoing Financial Objectives
ONGOING FINANCIAL OBJECTIVES I. 20% per annum net return (before amortisation) on shareholders’ funds. 2. Pre-tax cash flow > pre-tax (and amortisation) profit. 3. EPS growth through acquisitions which produce rationalisation benefits and improve competitive position.
Slide 6: Results
RESULTS 2003/04 1, ROSF 21% 2. —€ash Flow / Profit + 58% 3. EPS Growth * + 14% EPS July 1999 Crown Feb 2000 APG May 2001 Cork July 2003 Average 5 Years 2000 ~ 2004 25% + 34% + 14% * Based on pre-tax earnings per share
Slide 7: Business Strategy
BUSINESS STRATEGY Consumer Products Expansion into other categories Brands Focus-on-margins Key capabilities. - Design / Sourcing ~ Logistics =... Marketing including customer relationships @ © 6 € Printing Specific niche markets Core customer relationships (75% of revenue) Equip to focus on specifi
Slide 8: Objectives
OBJECTIVES «Ongoing financial objectives « .. Realise benefits from formation of McPherson’s Consumer Products e Next acquisition