Lindsay Australia Limited · ASX:LAU
Lindsay Australia — Investor Presentation (July 2013)
38 slides from Lindsay Australia's investor presentation, Jul 23, 2013
Slide 1: ASX Release: Investor Presentation
ABN 81 061 642 733 For personal use only 44b Cambridge Street Rocklea QLD 4106 Telephone (07) 3240 4900 Facsimile (07) 3054 0240 ASX RELEASE 23 July 2013 Investor Presentation Please find attached a copy of the Lindsay Australia Limited investor presentation. Yours sincerely Graham Johnston Company
Slide 2: Investor Presentation: Half Year Results and Guidance
Investor Presentation For personal use only Half Year Results and Guidance
Slide 3: Disclaimer
Disclaimer For personal use only Despite anything stated in this notice or elsewhere in the document, none of the information (whether considered separately or together) constitutes an offer, invitation, solicitation, advice or recommendation with respect to the issue, purchase or sale of any shares
Slide 4: Contents
For personal use only Contents
Slide 5: Contents
Contents For personal use only 1. Overview page 15 2. Shareholder Information page 12 3. Guidance page 17 4. Lindsay Transport page 19 5. Lindsay Rural page 25 6. Dividends page 30 7. Appendices page 32 4
Slide 6: Overview
For personal use only Overview
Slide 7: About Lindsay Australia
About Lindsay Australia For personal use only Lindsay Transport and Lindsay Rural are divisions of Lindsay Australia Limited, a fully integrated transport, logistics, and rural supply company, with a focus on premium standard service to major customers in the food processing, food services, fresh pr
Slide 8: About Lindsay Australia Cont.
About Lindsay Australia Cont. For personal use only Directors • Kim Lindsay CEO and Managing Director • John Pressler Non-Executive Chairman • Les Hancock Non-Executive Director • Richard Anderson Non-Executive Director • Greg Farrell Non-Executive Director Senior Management • Graham Johnston CFO an
Slide 9: Structure
Structure For personal use only Lindsay Australia Limited ABN 81 061 642 733 Lindsay Transport Pty Ltd Lindsay Rural Pty Ltd ABN 62 055 792 919 ABN 80 090 821 300 OVERVIEW 8
Slide 10: Locations
For personal use only OVERVIEW Locations 9
Slide 11: Strategy and Objectives
Strategy and Objectives For personal use only Strategic alignment to refrigerated transport sector Servicing the East of Australia and Western Australia by subcontractor arrangements Growth of The Lindsay Solution in new and existing geographic areas, for rural and transport customers New tr
Slide 12: The Lindsay Solution
The Lindsay Solution For personal use only Lindsay Rural and Lindsay Transport share common customers in the horticulture industry which enables a strategic advantage by providing unique end-to-end service solution to horticulture customers, the Lindsay Solution. Lindsay Rural Inputs Outputs Lindsay
Slide 13: Shareholder Information
Shareholder Information For personal use only
Slide 14: Overview
Overview For personal use only Listed on ASX in 2002 Market Cap of $40 million* Major Shareholders* -Amcor Fibre Packaging 12.14% -Mizikovsky Group 15.98% -Mulawa Holdings 13.47% -The Lindsay Family 19.54% -Washington H Soul Pattison & Co 16.39% Total employees 923* *As at 01/07/2013 SHAREHO
Slide 15: Share Performance
Share Performance For personal use only 0.35 6,000 0.30 5,000 0.25 4,000 0.20 3,000 0.15 2,000 0.10 1,000 0.05 0.00 0 2007 2008 2009 2010 2011 2012 2013 LAU Industrials Index SHAREHOLDER INFORMATION 14
Slide 16: Half Year Results and Highlights
Half Year Results and Highlights For personal use only Half Year ended 31st December 2012 Results Revenue: $143.4 million, up 5.9% (2011: $135.4 million) Earnings Before Interest, Tax, Depreciation and Amortisation: $16.569 million at 11.6% of total revenue, up 30.2% (2011: $12.728 million at 9.
Slide 17: Segmented Performance
Segmented Performance For personal use only Dec 2012 Dec 2011 % Increase $’000 $’000 (Decrease) Transport External sales 97,960 87,904 Intersegment sales 1,580 1,552 Other 990 1,008 100,530 90,464 11.1 Rural External sales 43,916 45,103 Intersegment sales 198 120 Other 122 345 44,236 45,568 (2.9) SH
Slide 18: Guidance
For personal use only Guidance
Slide 19: Guidance
Guidance For personal use only 2013 2013 2012 $’000 $’000 $’000 From To Pre-tax profit 9,500 10,500 52 After-tax profit 6,700 7,400 25 Lodged with ASX on 24th May 2013 GUIDANCE 18
Slide 20: Lindsay Transport
For personal use only Lindsay Transport
Slide 21: About Lindsay Transport
About Lindsay Transport For personal use only Lindsay Brothers Transport was founded by Thomas and Peter Lindsay in 1953 Purpose-built refrigerated and ambient equipment fleet, over 1,000 vehicles Approximately 90% of revenue derived from food, or food related customers 15 terminals on the e
Slide 22: Fleet Distribution
Fleet Distribution For personal use only 600 500 400 300 200 100 0 Forklifts Other Prime Rigid Sedans & Trailers Movers Trucks Utilities LINDSAY TRANSPORT 21
Slide 23: Operational Statistics
Operational Statistics For personal use only Freight: over 1.7 million tonnes per annum Kilometres: over 51.7 million kilometres per annum Fuel: over 32.1 million litres per annum Employees: 771 employees as at 30th June 2013 Fatigue, Maintenance and Mass accredited under National Heavy Ve
Slide 24: Key Performance Drivers
Key Performance Drivers For personal use only Operational performance – on-time delivery Customer yield – volume of freight and maximising customer relationship Balanced freight – ability to maximise round-trip profitability Load maximisation – ability to load trucks to maximum weight Qual
Slide 25: Divisional Performance
Divisional Performance For personal use only 200,000 16,000 180,000 14,000 160,000 12,000 140,000 10,000 120,000 100,000 8,000 80,000 6,000 60,000 4,000 40,000 2,000 20,000 0 0 FY09 FY10 FY11 FY12 HY13 Total Divisional Sales inc Inter-Segment Sales Divisional Profit LINDSAY TRANSPORT 24
Slide 26: Lindsay Rural
For personal use only Lindsay Rural
Slide 27: About Lindsay Rural
About Lindsay Rural For personal use only Originally P&H Rural Supplies established in Bundaberg Region in 1984 Rural merchandising of packaging, nutrients, chemicals and fertilisers Portion of customer base in common to Transport and Rural 15 stores located in strategic horticultural and ru
Slide 28: Operational Statistics
Operational Statistics For personal use only 99 employees as at 30th June 2013 HACCP and Agsafe accredited Product mix: - Fertiliser 18% - Packaging 29% - Chemicals 16% - Nutrients 14% - Irrigation 04% - Other 19% LINDSAY RURAL 27
Slide 29: Key Performance Drivers
Key Performance Drivers For personal use only Sales growth Stock control Customer service Training of sales personnel Labour and property cost control Regional weather and annual rainfall Margin maintenance and improvement LINDSAY RURAL … 28
Slide 30: Divisional Performance
Divisional Performance For personal use only 90,000 4,500 80,000 4,000 70,000 3,500 60,000 3,000 50,000 2,500 40,000 2,000 30,000 1,500 20,000 1,000 10,000 500 0 0 FY09 FY10 FY11 FY12 HY13 Total Divisional Sales inc Inter‐Segment Sales Divisional Profit LINDSAY RURAL 29
Slide 31: Dividends
For personal use only Dividends
Slide 32: Dividends
Dividends For personal use only Fully franked interim dividends for 2013 of 0.5 cents per share each, total paid 1.0 cent per share. The company’s dividend re-investment plan continues in force. 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 2008 2009 2010 2011 2012 2013 Final Interim Total DIVID
Slide 33: Appendices
For personal use only Appendices
Slide 34: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income Half Year Ended 31 st December 2012 For personal use only 31 Dec 2012 31 Dec 2011 $’000 $’000 Revenues 143,411 135,358 Other income 120 - 143,531 135,358 Expenses Changes in inventories 2,330 2,242 Purchase of inventories (37,865) (38,726) Employee bene
Slide 35: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position Half Year Ended 31 st December 2012 For personal use only 31 Dec 2012 30 June 2012 $’000 $’000 Current assets Cash and cash equivalents 3,425 3,178 Trade and other receivables 40,075 36,211 Loan receivable - secured 1,324 3,248 Inventories 14,840 12,598 C
Slide 36: Consolidated Statement of Financial Position Cont.
Consolidated Statement of Financial Position Half Year Ended 31 st December 2012 Cont. For personal use only 31 Dec 2012 30 June 2012 $’000 $’000 Current liabilities Trade and other payables 24,268 21,919 Borrowings 19,575 21,147 Current tax liabilities 3,093 - Provisions 4,751 4,475 Other 188 1,398
Slide 37: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows Half Year Ended 31 st December 2012 For personal use only 31 Dec 2012 31 Dec 2011 $’000 $’000 Cash flows from operating activities Receipts in course of operations 152,436 142,533 Payments to suppliers and employees (139,029) (133,412) Interest received 219 739 F
Slide 38: For personal use only
For personal use only www.lindsayaustralia.com.au 44b Cambridge Street, Rocklea QLD 4108 07 3240 4900
Lindsay Australia — Investor Presentation (July 2013) on 6ix