Slide 1: Investor Presentation FY12
For personal use only Investor Presentation FY12 Korvest Ltd Investor Presentation 2012 1
Slide 2: Company Overview
Company Overview • Korvest (ASX: KOV) provides cable and pipe supports, walkway systems, and galvanising services. ~260 For personal use only • The company has sales offices in Adelaide, Melbourne, Sydney, Brisbane and Perth, with distributors operating in Darwin, Townsville, and Hobart. • Manufactu
Slide 3: Headline Numbers
Headline Numbers • Record sales, EBIT and operating June 2012 June 2011 % Change cashflow Sales $72.32m $67.38m 7% For personal use only EBIT $8.59m $6.02m 43% • All businesses improved compared Operating Cashflow $8.68m $3.19m 173% to prior year Earnings per share 71.6c 48.9c 46% Dividend 53c 26c 1
Slide 4: Industrial Products
Industrial Products For personal use only • Cable and Pipe Support Premium suppliers of grating, handrail, expanded Systems metal and other walkway infrastructure. • National distribution network • Overseas supply chain • Local Manufacture • In-house Engineering Support Korvest Ltd Investor Presenta
Slide 5: Industrial Products Trading Update
Industrial Products Trading Update - EzyStrut June 2012 June 2011 % Change Sales $66.54m $61.80m 8% For personal use only • Strong first half - project driven EBIT $7.68m $5.43m 41% EBIT % 11.5% 8.8% • 2H pleasing given completion of major projects in 1H • Hastie bad debt 70 9 • Inconsistent results
Slide 6: Production Services
• Hot Dip Galvanising Production Services • 14m HD Bath • Spin Plant for smaller For personal use only components Korvest Ltd Investor Presentation 2012 6
Slide 7: Production Services Trading Update
Production Services Trading Update - Galvanising June 2012 June 2011 % Change Sales $5.78m $5.58m 3% For personal use only • Improved volumes EBIT $1.32m $0.66m 99% EBIT % 22.9% 11.9% • More local project work • Improved Industrial Products segment performance increased internal tonnes 9 1.4 Sales (
Slide 8: Balance Sheet
Balance Sheet $MIL June 2012 June 2011 June 2010 ASSETS For personal use only Cash & Cash Equivalents 5.2 1.6 2.6 Receivables 14.8 16.0 10.8 Inventories 8.6 9.2 9.8 Property, Plant & Equip 17.4 17.2 15.3 Total Assets 46.0 44.0 38.5 LIABILITIES Payables (5.1) (7.5) (5.3) Other Liabilities (4.6) (3.3)
Slide 9: Dividends
Dividends FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 Interim 18c 11c 17c 17c 14c For personal use only Special Interim 5c Final 30c 15c 15c 17c 14c Total Dividend 53c 26c 32c 34c 28c Franking 100% 100% 100% 100% 100% Record Date 23 Aug 2012 Payment Date 6 Sept 2012 • 100% payout policy • Cash position
Slide 10: For personal use only
For personal use only Australia’s leading range of cable and pipe support systems. www.ezystrut.com.au 580 Prospect Road, Kilburn, South Australia 5084 PO Box 306, Enfield Plaza, South Australia 5085 T 08 8360 4500 E korvest@korvest.com.au www.korvest.com.au premium suppliers of grating, handrail, e