Slide 1: Copies of Slides for Analysts' Briefing, Sydney
Brambles Limited ABN 89 118 896 021 Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia GPO Box 4173 Sydney NSW 2001 Tel +61 2 9256 5222 Fax +61 2 9256 5299 www.brambles.com For personal use only 22 August 2007 The Manager - Listings Australian Stock Exchange Limited Exchange Centre 20 Brid
Slide 2: Another year of excellent results in 2007
For personal use only Another year of excellent results in 2007 22 August 2007 2007 Final Results Mike Ihlein Chief Executive Officer 1
Slide 3: Another year of excellent results
Another year of excellent results Year ended 30 June 2007 2006 % change % change US$m US$m (actual (constant fx rates) currency) For personal use only Results before special items Continuing operations: Sales revenue 3,868.8 3,522.1 10 6 Comparable operating profit 932.8 771.3 21 17 Profit after tax
Slide 4: Strong increase in dividends
Strong increase in dividends • 2007 Final dividend of 17.0 cents – 26% increase (30% in US dollar terms) For personal use only – Payable 11 October 2007 • Dividends franked to 20% – Consistent with previous guidance – Reduction reflects asset sales and increase in number of shares • Reaffirm progres
Slide 5: Ongoing commitment to capital management
Ongoing commitment to capital management • US$3.4bn utilised over past 18 months – Special dividends, Cash Alternative, share buy-backs For personal use only • Additional 10% buy-back capacity to be sought – Annual General Meeting on 16 November 2007 6 Business highlights • CHEP Americas – Underlyin
Slide 6: Strong growth in profit and BVA
2007 Final Results For personal use only Jasper Judd Group Financial Controller 8 Strong growth in profit and BVA Actual Constant FY07 FY07 FY06 Growth AIFRS US$m US$m US$m % Continuing operations1 Sales revenue 3,868.8 3,732.8 3,522.1 6 Comparable operating profit 932.8 905.8 771.3 17 PBT 872.9 846
Slide 7: Solid sales in continuing operations
Solid sales in continuing operations Actual Constant FY07 FY07 FY06 Growth % AIFRS US$m US$m US$m For personal use only CHEP 3,218.4 3,106.8 2,956.4 5 Recall 650.4 626.0 565.7 11 Continuing operations 3,868.8 3,732.8 3,522.1 6 Discontinued operations 252.1 238.5 2,393.6 nm1 Total 4,120.9 3,971.3 5,9
Slide 8: Strong cash flow generation continues
Strong cash flow generation continues Actual FY07 FY06 Change AIFRS US$m US$m US$m Comparable operating profit1 932.8 771.3 161.5 For personal use only Depreciation and amortisation1 398.3 393.7 4.6 EBITDA 1,331.1 1,165.0 166.1 Capital expenditure (648.5) (586.4) (62.1) Proceeds from disposals 128.3
Slide 9: CHEP capex supports growth and Perfect Plants
CHEP capex supports growth and Perfect Plants US$m 350 350 300 300 For personal use only 250 250 200 200 150 150 100 100 50 50 0 0 CHEP Americas CHEP Europe FY05 FY06 FY07 14 BVA - CHEP continues to deliver FY07 FY06 Growth AIFRS, June 06 rates US$m US$m US$m CHEP Americas 255 171 84 CHEP Europe 137
Slide 10: Financial ratios
Financial ratios AIFRS, Actual rates June 07 June 06 Facilities Closing Net Debt (US$m) 1,996.9 1,690.1 3,692.5 For personal use only Interest cover1 (x) • Comparable operating profit 16.3 9.7 • EBITDA 22.9 13.9 Net Debt / EBITDA1 (x) 1.5 1.1 Gearing (%) 58.4 36.4 (Net Debt/Net Debt & Equity) Indica
Slide 11: Americas continues strong profit growth
Americas continues strong profit growth Comparable operating profit Actual Constant FY07 FY07 FY06 Growth AIFRS US$m US$m US$m % For personal use only Americas 416.9 415.4 324.9 28 Europe 300.6 278.5 263.6 6 RoW 127.7 127.6 115.3 11 Total 845.2 821.5 703.8 17 Profit margin 26% 26% 24% 2 pp Growth %
Slide 12: Europe – Increased transport costs offsetting efficiencies
Europe – Increased transport costs offsetting efficiencies US$m 18 279 264 5 (13) For personal use only 5 RPC -10 Brentwood -8 Lumber -5 Madrid +13 FY06 Volume, Price Transportation Plant costs Other FY07 Comparable & Mix Comparable operating profit operating profit All numbers are calculated at con
Slide 13: Approx 30% of Group profit after tax in US$
Approx 30% of Group profit after tax in US$ Currency mix at Actual FX rates For personal use only % Total USD US$m, AIFRS Sales revenue1 3,868.8 1,329.2 34 Comparable operating profit1 932.8 338.2 36 Net debt2 1,996.9 1,602.1 80 1 Continuing operations 2 Net debt shown after adjustments for impact o
Slide 14: Special items
Special items Actual FY07 FY06 AIFRS US$m US$m Amortisation of acquired intangible assets (6.0) (3.4) For personal use only Stamp duty on Unification (28.8) - Restructuring and Unification costs (76.0) (45.5) Recall restructuring costs (26.0) - AUSDOC integration costs - (21.3) Special items from co
Slide 15: Very positive outlook for 2008
Very positive outlook for 2008 • CHEP – another year of strong profit growth – CHEP Americas – continued good performance For personal use only – CHEP Europe » Sales growth accelerating in second half » Focus on operational efficiencies and margin expansion – CHEP RoW – another year of solid profit
Slide 16: Disclaimer statement
Disclaimer statement The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrict
Slide 17: Contact details
Contact details John Hobson Head of Investor Relations For personal use only john.hobson@brambles.com +61 (2) 9256 5216 Michael Sharp Vice President Corporate Affairs michael.sharp@brambles.com +61 (2) 9256 5255 30 Glossary of terms & measures Appendix 1a Except where noted, common terms and measure
Slide 18: Glossary of terms & measures
Glossary of terms & measures Appendix 1b Except where noted, common terms and measures used in this document are based upon the following definitions: Actual rates Based upon conversion of local currency into US dollars using the average of the difference between buy and sell rates applicable at eac
Slide 19: USA - Plant operations & transportation trends
USA - Plant operations & Appendix 2a transportation trends Plant cost ratio Gross transportation cost ratio (Plant costs / Sales) (Transportation costs / Sales) For personal use only 35% 35% 30% 30% 25% 25% 20% 20% FY02 FY03 FY04 FY05 FY06 FY07 FY02 FY03 FY04 FY05 FY06 FY07 34 USA - Asset productivi
Slide 20: Europe - Plant operations & transportation trends
Europe - Plant operations & Appendix 2c transportation trends Plant cost ratio Gross transportation cost ratio (Plant costs / Sales) (Transportation costs / Sales) 35.0% For personal use only 28.0% 30.0% 24.0% 25.0% 20.0% 20.0% 16.0% FY02 FY03 FY04 FY05 FY06 FY07 FY02 FY03 FY04 FY05 FY06 FY07 Major
Slide 21: FY07 Currency mix
FY07 Currency mix Appendix 2e FY07 Currency mix at Actual FX rates Total USD EUR GBP AUD Other For personal use only US$m, AIFRS Continuing operations 3,868.8 1,329.2 1,014.2 454.9 425.4 645.1 sales revenue Continuing operations comparable operating 932.8 338.2 239.7 71.6 99.9 183.4 profit Net debt1