Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — FY2011 Earnings Presentation
14 slides from Washington H. Soul Pattinson And's earnings presentation, Sep 22, 2011
Slide 1: Review of Operations: Group Performance, Consolidated Results
For personal use only Review of Operations Year Ended 31 July 2011 Group Performance Consolidated Results Year Ended 31 July 2011 • Profit After Tax before non-regular items $161.2m, down 11.2%. • Profit After Tax and non-regular items $363.9m, up 66.7%. • Reduced regular contributions from: • New H
Slide 2: Group Performance and Total Shareholder Return
Group Performance For personal use only Profit After Tax and Outside Equity ($M) 3 WHSP Performance Total Shareholder Return Total Return Per Annum 1 Year 3 Years 5 Years 10 Years 15 Years Washington H. Soul Pattinson 3.1% 11.5% 15.0% 14.0% 11.5% and Company Limited* All Ordinaries Acc Index 4.0% 0.
Slide 3: Dividend History; Listed Equity Investments
Dividend History Final Dividend 25 cents per share, up 25% For personal use only Total Dividends of 40 cents for the year Dividends paid prior to June 2002 are adjusted for 10:1 Share Split 5 WHSP (Parent Company) Listed Equity Investments (including subsidiaries & associates) • Market value of the
Slide 4: WHSP Listed Equity Investments (excluding subsidiaries & associates)
WHSP (Parent Company) For personal use only Listed Equity Investments (excluding subsidiaries & associates) • Market value of the portfolio was $499m, up 6.7%. • Dividend income received was $23.1m, up 20.6%. • Special Dividend Income received was $1.8m. • WHSP expected to receive $10.0m by October
Slide 5: New Hope Corporation Limited
Controlled Entities For personal use only New Hope Corporation Limited Year End 31 July 2011 • Net Profit After Tax including non-regular items was $503.1m, up 174%. • The non-regular items included the sale of the Arrow Energy shares and the sale of a 10% equity share in the Lenton project. 9 Contr
Slide 6: New Hope Corporation: Production and Queensland Bulk Handling
Controlled Entities For personal use only New Hope Corporation Limited • Coal production was down 5.0% to 5.64 million tonnes. • Sales volume down 3.9% to 5.65 million tonnes. • Export sales volume was 5.00 million tonnes (a record for New Hope) and represents an excellent recovery from the flood ev
Slide 7: New Hope Northern Energy; CopperChem Limited
Controlled Entities For personal use only New Hope Corporation Limited • Northern Energy (NEC) Off market offer of $1.85 per share resulted in New Hope holding 80.8% of the equity in NEC at 31 July 2011. Subsequently, on 29 August, New Hope made a further offer for the remaining shares at $2.00 per
Slide 8: CopperChem Limited
Controlled Entities For personal use only CopperChem Limited • As at 31 July 2011 WHSP had invested $64.7m into CopperChem Limited. • Copper sulphate plant commissioned in 2004, supplying local and export trade. • Copper concentrate plant will be fully commissioned and operating in October 2011. • P
Slide 9: CopperChem North Pit and Haul Road
CopperChem North Pit – March 2011 For personal use only 17 CopperChem Haul Road - North Pit to Float Plant 18 9
Slide 10: CopperChem Float Plant; Pitt Capital Partners
CopperChem Float Plant – March 2011 For personal use only 19 Controlled Entities Pitt Capital Partners Limited Year End 31 July 2011 • PCP is a corporate advisory firm specialising in mergers, strategic advice, equity capital markets, private equity, restructuring and debt advisory work. • PCP recen
Slide 11: Australian Pharmaceutical Industries; Brickworks
Associated Entities For personal use only Australian Pharmaceutical Industries Half Year End 28 February 2011 • Revenue for 6 months was $1.8bln, in line with last year. • Underlying Net Profit was up 3.0% year on year. • Net loss reported of $35.1m due to non-regular items: Impairment of financial
Slide 12: TPG Telecom; Ruralco Holdings
Associated Entities For personal use only TPG Telecom Limited Year End 31 July 2011 • Profit After Tax of $78.2m, up 40.4%. • EBITDA of $234m, up 36.8% (ahead of company guidance). • Strong cash flow enabled bank debt to be reduced by $100m. • Consumer broadband business added 59k subscribers, whils
Slide 13: BKI Investment Company; Clover Corporation
Associated Entities For personal use only BKI Investment Company Limited Year End 30 June 2011 • Operating Profits (after tax but before special dividend income) was $25.3m, up 13.1%. • Basic Earnings Per Share was 6.02 cents, up 10.6%. • Final Dividend of 3 cents and Special Dividend of 1 cent (bot
Slide 14: WHSP Proposal to Acquire SPEL
Souls Private Equity Limited (SPEL) WHSP Proposal to Acquire SPEL For personal use only • WHSP to acquire all of the outstanding SPEL shares not already owned for $0.163 per share, plus options for $0.01 per option. • Represents a premium of 150.8% to SPEL’s closing price prior to the proposal on Fr
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