Slide 1: MaxiTRANS Industries Limited Year Ended 30 June 2010
For personal use only MaxiTRANS Industries Limited Year Ended 30 June 2010
Slide 2: Financial Highlights
Financial Highlights For personal use only Sales $M Underlying NPAT $M 350 18 300 16 14 250 12 200 10 150 8 100 6 4 50 2 0 0 FY07 FY08 FY09 FY10 FY07 FY08 FY09* FY10* *Excludes impact of impairment charges and restructuring costs 2
Slide 3: FY10 Overview
FY10 Overview For personal use only • Reasonable order banks across all brands at start of year • Order intake in 1H10 up 24% on pcp, offset by softer order intake in 2H10 (up 6% on pcp) • Negative change in market sentiment from April 2010 • Full year unit sales and revenue down 7% on pcp • Margins
Slide 4: Financial Highlights
Financial Highlights For personal use only FY07 FY08 FY09 FY10 % Change $000 $000 $000 $000 on FY09 Sales 236,553 290,740 252,621 235,387 -7% Underlying 18,180 30,309 14,904* 15,959** +7% EBITDA Underlying 9,800 21,943 6,572* 8,342** +27% NPBT Underlying 8,018 16,101 5,243* 6,619** +26% NPAT Impairm
Slide 5: Financial Highlights (cont)
Financial Highlights (cont) For personal use only FY07 FY08 FY09 FY10 $000 $000 $000 $000 Operating Cash Flow 5,543 18,600 14,072 8,723 Net Debt 39,385 32,574 24,236 21,905 Net Debt/Equity % 51% 36% 29% 25% EPS (Basic) 4.67 cents 9.38 cents 3.02 cents* 3.64 cents** Dividend declared 4.0 cents 5.5 ce
Slide 6: Trailers
Trailers For personal use only • Unit sales equal to pcp • Order intake up 33% on pcp • Freighter Outback launched • Fleetsaver Skel launched • Encouraged by recent lift in order enquiry rate. Fleetsaver Skel Outback 6
Slide 7: Vans
Vans For personal use only • Strong order bank at the start of the year • Unit sales down 16% on pcp • Maxi-CUBE Classic C-Series launched (full chassis van) • ecoFridge under field trial – silent & “nil” emissions • Market highly competitive and aggressive • Cyclical surplus of used equipment • Pek
Slide 8: Tippers
Tippers For personal use only • Order intake up 9% on pcp, sales down 10% on pcp • “Truck and Dog” market remains depressed • Surplus used equipment adversely impacting demand • Winter crop forecasts encouraging – signs of improving rural tipper demand slowly emerging • Major contract boosted year e
Slide 9: Parts
Parts For personal use only • Record profit contribution in FY10 • New and expanded product ranges − Alloy and steel wheels − Tyres − Major market share gains in suspension sales • Major component source for Gorgon project equipment • Strong export growth expected in FY11 • Expecting further sales g
Slide 10: New Zealand
New Zealand For personal use only • Unit sales in line with FY09 • Order intake down 44% on pcp (trailers & bodies) − Trailer market down 37% to record low − Uncertainty re regulations and road tax − Economy slow − Credit tight • Land acquired for new facility (operational in 2011) − Expanded manufa
Slide 11: Joint Ventures
Joint Ventures For personal use only Freighter Maxi- Maxi-CUBE Qld (36.67%): • Solid contribution in a difficult market Yangzhou Maxi- Maxi-CUBE Tong Composites Co. Ltd. (50%) • Improved trading conditions • Contribution increased 29% on pcp. 11
Slide 12: Outlook FY11
Outlook FY11 For personal use only • Anticipate soft first half and improved second half • Colrain, Lusty EMS and Vic. Branch retail operations expected to continue to perform well • Bank facilities extended to 2012 • Encouraged by recent lift in order enquiry rate • Well positioned to benefit from
Slide 13: For personal use only
JE REIGHTER (\WaxeGUpe) "EH! HamelexWhite LUSTY EMS