Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — H1 2007 Earnings Presentation
13 slides from Washington H. Soul Pattinson And's earnings presentation, Mar 29, 2007
Slide 1: Review of Operations, Half Year Ended 31 January 2007
PATTINSON & CO. LIMITED Review of Operations Half Year Ended 31" January 2007
Slide 2: Group Performance - Six months ended 31 January, 2007
Group Performance - Six months ended 31 January, 2007 Consolidated results half year ended 31 January, 2007 > Group profit after tax and before non regular items decreased 7% to $45.5M; >» Controlled entities produced improved results compared with last year; >» Reduced contributions from Associates
Slide 3: Group Performance
Group Performance Interim Dividends (cents per share) Cents 2003 2004 2005 2006 2007
Slide 4: Investments — Share Portfolio
Investments — Share Portfolio > Market Value of Portfolio $2.4 Billion ($2.2 Billion @ 31% July 2006); > $2.4M invested in equity market during the period. Increased existing holdings in Southern Cross Broadcasting Ltd, Lindsay Australia Ltd and Agri Energy Ltd and an investment was made in the Mari
Slide 5: Investments — Share Portfolio
Investments — Share Portfolio > Dividend income from listed investment portfolio (excluding controlled entities and associates) increased by 34% to $12.1M; > Special dividends received increased by 56% to $2.4M; > Dividends from controlled entities and associates down in total — due to a reduction i
Slide 6: Investments — Associated Entities
Investments — Associated Entities API (Australian Pharmaceutical Industries Limited) > Net loss after tax of $17.3M for the half year ended 31% October 2006; > ‘One Off? items totalling $24.3M written off > Cost savings being realised and margins being restored > Third quarter results in line with e
Slide 7: Investments — Associated Entities
Investments — Associated Entities Brickworks Limited > Net profit after tax of $36.7M for the half year ended 31st January 2007 a decrease of 20% over the previous corresponding period; > Decrease due to $7M increase in income tax expense; > Fully franked interim dividend up 9% to 12 cents per share
Slide 8: New Hope Corporation (NHC)
Major Controlled Entities - New Hope Corporation (NHC) > Reported net profit after tax $40.1M (2006 $40.3M); > Profit from continuing operations slightly lower at $33.5M reflecting lower sales volumes and increased costs; >» Fully franked interim dividend of 2.1c declared.
Slide 9: New Hope Corporation (NHC)
Major Controlled Entities - New Hope Corporation (NHC) >» New Acland Stage 2 expansion costing $59M completed on time and on budget taking annual production to approx. 3.75M tonnes; > Outcome of Coal Sales Agreement with Tarong Energy due 30 June 2007; > Current gain of $95.8M on the 18.6% investmen
Slide 10: SP Telemedia Limited (SPT)
Major Controlled Entities - SP Telemedia Limited (SPT) > Reported Net profit after tax and outside equity interest was $10.1M up 289% on previous corresponding period; > Significant items in the period that have impacted half early results; - Acquisition of B Digital Ltd completed 22"! December at a
Slide 11: SP Telemedia Limited (SPT)
Major Controlled Entities - SP Telemedia Limited (SPT) > Benefits being realised from the investment in NSW Government Network with other new Government and corporate contracts; > Soul Media (NBN Group) Net profit after tax of $4.1M down slightly on previous corresponding period; > Fully franked int
Slide 12: KH Foods Limited
Major Controlled Entities - KH Foods Limited > AGM in December 2006 approved a recapitalisation plan that reduced net debt from $59M to $19.9M; > WHSP Shareholding post restructure 86.6%; >» Operating Net Loss after Tax of $14.0M, for the half year ended 31 Jan 2007;was an improvement on the $22.6M
Slide 13: Washington H Soul Pattinson & Company Limited
Washington H Soul Pattinson & Company Limited “A Diversified Investment House” WHSP - Investments & Share Portfolio API — Wholesale & Retail Pharmaceuticals ay Brickworks — Brick & Tile Manufactoring BRMKWORKS Clover — Food Technology CLGVER. New Hope — Coal yN SPT — Telecommunications & Media @SOUL
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