Saferoads Holdings Limited · ASX:SRH
Saferoads — Shareholder Meeting (October 2009)
23 slides from Saferoads's shareholder meeting presentation, Oct 20, 2009
Slide 1: Annual General Meeting - Chairman's address
For personal use only ABN 81 116 668 538 39 Weerong Rd Drouin Vic 3818 Phone 03 5625 6600 Saferoads Holdings Limited Annual General Meeting 10.30 am, 20 October 2009 Chairman’s address, followed by Managing Director’s address and powerpoint presentation Chairman’s address – Mr Gary Bertuch: I am ple
Slide 2: Chairman's address (continued)
resulted in non-recurring and redundancy expenses of around $400,000 in the last financial year. The Directors regrettably have not declared a final dividend for financial year 2009. This follows the decision not to pay an interim dividend in order to conserve cash For personal use only following th
Slide 3: Managing Director's address - financial performance
Corporate Governance Policy and increased our focus on continuous disclosure obligations. On behalf of the Board, I would like to thank our Managing Director, Darren Hotchkin, our General Managers Hamish Webb and Tony Wyatt and our enthusiastic For personal use only team around Australia. I would li
Slide 4: Temporary Barrier and Civil Services portfolios
The Temporary Barrier portfolio returned the most disappointing performance in the group. Revenue fell by 40%. This portfolio includes the plastic Triton barrier sold under licence to the Quixote Corporation (USA), the T-lok portable concrete barrier manufactured and sold under licence to Rockingham
Slide 5: Key factors in financial performance 08/09
the audible “beeps” that accompany the changing pedestrian signals. The company also manufactures a range of traffic signal accessories and other accessories. Major customers have included Roads and Traffic Authority (NSW), Telstra Corporation, and State Rail authority (NSW). This business is the Au
Slide 6: The year ahead
significantly to the increased employee expenses shown in the financial data in the annual report. We noted at last year’s AGM that margins would be under pressure and that we did For personal use only not expect an improvement until the second half of the 2008-09 year. All performance indicators di
Slide 7: Outlook and recent orders
proprietary “Median Gates” to RTA in NSW, with delivery to take place late in the second quarter and into the third quarter. A positive feature of this order is the possibility of supply of additional related product which could see the total value of the order reach $1 million. We have also won a t
Slide 8: Saferoads Holdings Limited Annual General Meeting
For personal use only Saferoads Holdings Limited (SRH) Annual General Meeting g Melbourne 20 October 2009
Slide 9: Crash Cushions and Barriers
Saferoads Holdings Limited For personal use only CRASH CUSHIONS AND BARRIERS • Portfolio grew by 20% • Quadguard barrier – yellow nose cone • Strong competitive pressure and decline in AUD led to decline in margins
Slide 10: Traffic Control
Saferoads Holdings Limited For personal use only TRAFFIC CONTROL • Strong growth in past two years but revenue declined 25% in 08-09 • Revenue 8.2% of Company sales • Profit margin improved to materially the same as company average
Slide 11: Temporary Barriers
Saferoads Holdings Limited For personal use only TEMPORARY BARRIERS • Most disappointing performance • Revenue fell by 40% • Portfolio products include Triton Barriers, concrete T-lok Barriers, steel Ironman Barriers • The portfolio most impacted by GFC and shrinking business confidence
Slide 12: Civil Services
Saferoads Holdings Limited For personal use only CIVIL SERVICES • Pleasing performance • Portfolio grew by 75% in 07-08 and 43% this year • 30% of Company sales • Improved profit margin but still lower than Company average • Has significant “drag-through” effect on other portfolios
Slide 13: Public Lighting
Saferoads Holdings Limited For personal use only PUBLIC LIGHTING • Acquired in October 2006 • Revenue grew 6% • 13% of Company revenue • Achieving significant sales of proprietary “SafePole” • Market is changing away from wide selection of decorative lighting to more limited selection
Slide 14: Traffic Signals
Saferoads Holdings Limited For personal use only TRAFFIC SIGNALS • First full year of Traffic Signals, acquired in April 08 • Products include: • Traffic Lights • Pedestrian Lights • Audible pedestrian systems • RTA (NSW) main customer • Manufacture and assembly y relocated to Drouin in April 09
Slide 15: Summary
Saferoads Holdings Limited For personal use only SUMMARY • Six of the Company’s portfolios performed to expectation • Two portfolios experienced decline in revenue • Temporary Barriers also experienced decline in profitability
Slide 16: Key factors in financial performance 08-09
Saferoads Holdings Limited For personal use only KEY FACTORS IN FINANCIAL PERFORMANCE 08-09 • Increased input costs - steel • Unfavourable exchange rates GFC eroded business confidence Civil Services – repair work following tragic Black Saturday Expected growth in NSW did not eventuate Reven
Slide 17: Key factors in financial performance 08-09
Saferoads Holdings Limited For personal use only KEY FACTORS IN FINANCIAL PERFORMANCE 08 08-09 09 • Principal Civil Services installer ceased operations • Established own installation crews • Apart p from start up p and retrofitting g costs,, employment of crews reasonably cost neutral • Employment
Slide 18: Key factors in financial performance 08-09
Saferoads Holdings Limited For personal use only KEY FACTORS IN FINANCIAL PERFORMANCE 08 08-09 09 • Noted at last year’s AGM that margins would remain under pressure until second half of year 08-09 • All performance indicators bottomed out in third quarter. • Undertook major reviews and rationalisat
Slide 19: Looking ahead 09-10
Saferoads Holdings Limited For personal use only LOOKING AHEAD 09-10 • Expect slight increase in revenue • Margins remain under pressure but anticipate improved profitability • Improved exchange rate contributing to some lower input costs • Announced stimulus packages have not had a material impact
Slide 20: Looking ahead (cont'd)
Saferoads Holdings Limited For personal use only LOOKING AHEAD (cont’d) • In the restructure sufficient resources left in place to capitalise on economic upturn • H lth order Healthy d book b k • Pleasing renewed interest in Temporary Barriers • $600k order for proprietary “Median Gate”
Slide 21: Looking ahead (cont'd)
Saferoads Holdings Limited For personal use only LOOKING AHEAD (cont’d) • First quarter financial performance better than forecast and prior year • Improvement in profit margin noted in June quarter 09 maintained in first quarter this year • Look forward confidently to year of positive growth and im
Slide 22: Questions / Employee Benefits by Half Year
Saferoads Holdings Limited For personal use only Questions: E l Employee Benefits B fit Employee Benefits by Half Year $6.0 $5.2m $4.5m $5.0 $4.1m $4.0 $3.1m $2.8m $3.0 $1.9m $2.0 $1.0 $- July - Dec 06 Jan - June 07 July - Dec 07 Jan - June 08 July - Dec 08 Jan - June 09
Slide 23: Saferoads Holdings Limited Annual General Meeting
For personal use only Saferoads Holdings Limited (SRH) Annual General Meeting Melbourne – 20 October 2009
Saferoads Holdings — Shareholder Meeting (October 2009) on 6ix