Tartana Minerals Limited · ASX:TAT
Tartana Minerals — H1 2007 Earnings Presentation
9 slides from Tartana Minerals's earnings presentation, 2007
Slide 1: Half Year Results Presentation
Half Year Results Presentation 31 December 2006 The Verticon Group provides construction services and equipment hire to the building industry through a variety of projects in the high-rise, large commercial, residential and engineering sectors.
Slide 2: Financial Performance
Financial Performance Half Year Revenue - Australia 18.69 Revenue - New Zealand 6.12 Revenue - Total 24.81 EBITDA 3.57 EBITDA % 14.4% EBIT (7.68) EBIT % (30.9%) NPAT (6.94) NPAT% (28.0%) EPS Basic (11.1) EPS Adjusted (11.1) 2
Slide 3: Impairment of Assets
Impairment of Assets » Total asset Impairment cost of 8.22 million » An extensive stocktake and revaluation of Verticon’s fleet has been completed » Surplus assets have been identified for disposal, the proceeds of which will be used to retire debt. » External valuer used to assess carrying amount »
Slide 4: Financial Position
Financial Position Half Year Cash 0.74 Receivables 14.88 Plant & Equipment 73.31 Intangibles 16.01 Other 4.54 Total Assets 109.48 Payables 4.50 Borrowings 57.76 Provisions 1.15 Other 1.01 Total Liabilities 64.42 Net Assets 45.06 4
Slide 5: Borrowings
Borrowings Half Year Bills Payable 48.00 Lease Liabilities 5.90 Bank Overdraft 3.86 Total Borrowings 57.76 5
Slide 6: Cashflow
Cashflow Half Year EBITDA 3.57 Net interest (2.29) Income tax paid (0.23) Movement in operating net assets (2.56) Net operating cashflow (1.51) Capital expenditure (2.80) Sale of property, plant & equipment 3.57 Net investing cashflow (7.98) Proceeds of borrowings 23.12 Repayment of Borrowings (12.7
Slide 7: Capital Expenditure
Capital Expenditure Half Year Growth 9.09 Replacement 0.85 Acquisition - Total 9.94 7
Slide 8: Revenue Segments
Revenue Segments Australia New Zealand Revenue 18.69 6.12 % Wet Hire 72% 56% % Dry Hire 28% 44% 8
Slide 9: Strategy
Strategy » External consultant engaged to work with the board in setting a 3 year business plan including an asset, organisational and market analysis, outlook and action plan » A copy of the business plan has been lodged with the ASX or is available on the website www.verticon.com.au 9