Slide 1: Silver Chef Limited: 2006 Results Presentation
‘Silver Chef Vg = | Limited’ NY A X EQUIPMENT RENT TRYeBUY* Silver Chef Limited: 2006 Results Presentation
Slide 2: Agenda
Agenda > Company Profile > Corporate Values > Competitive Strengths > 3 Year Goals > The Swift Option > 5 Year Vision > State Sales Revenue > Corporate Clients > Geographical Presence > Strategy > 2006 Financial Highlights > Outlook > New Funding SILVER GHEF EQUIPMENT RENT*TRY*BUY* Silver Chef Limit
Slide 3: Company Profile
Company Profile Established since 1986 Allan English is the founder and Managing Director Silver Chef is a financial services company VV V WV Provides restaurants and fast food outlets with rental finance V Listed on the Australian Stock Exchange in May 2005 (SIV) SILVER CHEF Silver Chef Limited: 20
Slide 4: Company Profile
Company Profile > May 06 $3.14 million capital raising at 50% premium to IPO > Financial products include Rent-Try-Buy® and Swift Option > Gross rental return, net of depreciation, greater than 40% on average assets for last 3 years SILVER CHEF Silver Chef Limited: 2006 Results Presentation EQUIPMEN
Slide 5: The SWIFT Option
The SWIFT Option > Finance solution designed to meet fit-out costs in the hospitality industry > Applications include stainless steel benches, exhaust hoods, cold rooms and cash registers > Acomplementary market that offers cross- selling opportunities > Finance can be extended beyond 12-months > Mo
Slide 6: Core Market Position approved dealer networks nationally
Core Market Position 250 approved dealer networks nationally VV Strong market presence in QLD with increased coverage in VIC and NSW following the expansion of hospitality dealerships in those states > Expanded financing beyond the food services sector to include audio & lighting and industrial comp
Slide 7: State Sales Revenue
State Sales Revenue Sales Revenue as at 30 June 2006 0 ACT = NSW # OLD SA @ TAS B VIC OWA ONT vt ewes } im r Silver Chef Limited: 2006 Results Presentation
Slide 8: State Sales Revenue
State Sales Revenue > Percentage growth over prior year by territory -~QLD/NT 57.15% -NSW/ACT = 101.74% -VIC/SA/TAS 19.54% -~WA 99.59% SILVER CHEF Silver Chef Limited: 2006 Results Presentation EQUIPMENT RENT*TRYBUY”
Slide 9: Geographical Presence
Geographical Presence National Dealers FYO5 FYO6 QLD 85 106 NSW 52 92 VIC 45 54 SA 5 7 TAS 7 6 WA 2 9 > East coast dealer numbers increased by 25% > Expansion into high growth WA market SILVER CHEF Silver Chef Limited: 2006 Results Presentation EQUIPMENT RENT*TRY*SUY*
Slide 10: 2006 Financial Highlights
2006 Financial Highlights Year ended Year ended Year ended 30 June 04 30 June 05 30 June 06 $ ° 000 $ © 000 $ ° 000 Rental Income 3,956 8,576 15,726 Total Revenue 5,120 9,198 16,435 Net Profit Before Tax 496 1,126 2,619 Income Tax Expense (429). ~~+~+~(318)~*«<C:« 82+) Net Profit After Tax (NPAT) 36
Slide 11: 2006 Financial Highlights
2006 Financial Highlights Rental income increased by 83% NPAT growth of 124% Full year dividend of 12¢ represents a yield of about 7% Vv Vv WV WV Earnings per share (eps) increased 68% to 16.1¢ (reflects p/e ratio of approx 10) SILVER GREF EQUIPMENT RENT*TRY*RUY” Silver Chef Limited: 2006 Results Pr
Slide 12: Corporate Values
Corporate Values SEILVER CREF EQUIPMENT RENT*TRY BUY" Vv VV VV WV Honesty and Integrity Respect Each Other Pursuing Excellence Inspiration & Innovation Quiet Achiever Have Fun Silver Chef Limited: 2006 Results Presentation
Slide 13: Three-Year Goals
Three-Year Goals > Increase gross rental revenue to $40 million per annum > Increase non-hospitality revenue to 40% of total revenue > Reduce total costs per contract by 10% over 2006 evels > Reduce the total asset value of “Used Equipment” to 3% of total assets > Increase staff satisfaction by 10%
Slide 14: Five Year Vision
Five Year Vision > To be a diversified, innovative and progressive finance company > To provide quality service as a priority and achieve levels that surpass customer expectations > To ensure that our service and procedures are consistent with our core values > To continue as an employer of choice t
Slide 15: Corporate Clients
Corporate Clients EAGLE BOY SOFITEL PIZZA ADNOR HOIZLE & RERGETS Hilton SILVER TEE EQUIPMENT RENTeTRY*BUY" Silver Chef Limited: 2006 Results Presentation
Slide 16: Strategy
Strategy > Develop Alliance Partnerships in new industries and sectors > 10 minute turn-around approval time for applications 24/7 > Increase web marketing to gain leverage in launching new products and take advantage of emerging opportunities SILVER CHEF Silver Chef Limited: 2006 Results Presentati
Slide 17: Strategy
Strategy > Focus and improve company profile & develop strong brand recognition > Create a ‘barrier-to-entry’ for competitors by broadening product range and diversifying geographically > Asan Accredited Investor in People organisation we will maintain our investment in staff development and trainin
Slide 18: 2006 - 2007 Outlook
2006 - 2007 Outlook Subdued consumer sentiment provides challenges for the hospitality sector Revenue growth from increased number of dealers and new products Continued expansion into immature markets e.g. VIC and WA Establishment of new alliance partners in non- hospitality markets to drive future
Slide 19: 2006 - 2007 Outlook
2006 - 2007 Outlook > Establishment of new brands to be used in the marketing of finance packages for the non-hospitality sector Strong dividend returns for shareholders (at least 12¢) Targeting profit growth of 20 - 30% VV Vv Strengthen internal systems to provide improved analysis and reporting in
Slide 20: Fortress Debt Facility
Fortress Debt Facility > $30 million line of credit facility Y funding for future growth Y pay out unsecured notes > More cost effective debt funding method compared to note raisings. > Limit need to raise further capital from shareholders, next equity to come from convertible notes > Next step to s