Lindsay Australia Limited · ASX:LAU

Lindsay Australia — Shareholder Meeting (November 2003)

10 slides from Lindsay Australia's shareholder meeting presentation, Nov 20, 2003

  1. Slide 1: Lindsay Australia Limited Annual General Meeting 2003

    LINDSAY AUSTRALIA LIMITED Annual General Meeting 2003 oo TRansPont a

  2. Slide 2: Directors and management

    John Pressler Tom Lindsay (Non-Executive Chairman) (Non-Executive) + Chairman of Wide Bay Capricorn Building Society . 50 years experience in the Australian Over 40 years experience in agriculture and _.. transport industry horticulture ; - Sam Doumany . . (Non-Executive } Kim Lindsay : +..40. years

  3. Slide 3: Actual versus annualised results and prospectus forecast

    REVENUE EXPENSES EBITDA Depreciation & Amortisation Finance Costs Goodwill Tax Share of Associate Prospectus Forecast Earnings per Share Dividend per Share ACTUAL $000 69,849 “64,209 5,640 3,228 1,181 4,231 162 226 843 484 1,327 1,983 2.1 cents 1.2 cents ANNUALISED $000 144,284 132,030 12,254 6,149

  4. Slide 4: Factors affecting the result

    1. Drought — impact on 24 half HT particularly | in the Stanthorpe Region 2. Write — off of a debt of $250,000 3. Higher than expected expenses for - SUBCONTRACTORS - PALLETS - UNLOADING ° > - SALARY & WAGES 4. Relocation costs in establishing head office of $160,000

  5. Slide 5: Initiatives — Lindsay Brothers Transport

    Initiatives — Lindsay Brothers Transport 1. IMPROVED COST CONTROL MEASURES IMPLEMENTED FOR ALL KEY AREAS 2. MANAGEMENT ACCOUNTABILITY 3. FLEET MODERNISATION: $10.4. MILLION CAPEX IN 2002/3 . REVIEW OF |

  6. Slide 6: Acquisition of Cordoma Brothers Transport

    Acquisition of Cordoma Brothers Transport 1. REVENUE $8 MILLION FOR 2003 2. DEPOTS IN MILDURA AND ROBINVALE 3. COST APPROXIMATELY $4. 5 MILLION + GOODWILL $500,000 (payable in Shares) 4. FLEET — 10 BDDOUBLES PLUS Spnoa ve VEHICLES 5. STRATEGY MOVE CBT's TRUCKS TO LBT’s FLEET MAY — JANUARY LBT’s TRUC

  7. Slide 7: Slide 7

  8. Slide 8: Acquisition of Cordoma Brothers Transport — revenue impact

    Acquisition of Cordoma Brothers Transport 7. REVENUE IMPACT 10000000 9000000 7000000 6000000 5000000 3000000 is) 8000000 4000000 + 2000000 1000000 + Jule Aug- Sep- Oct- Nov~ Dec- Jan- Feb- Mar- Apr- May- Jun- 02 02 02 02 02 o2 03 03 03 03 03 03 | —e— CBT —a— LBT Combined

  9. Slide 9: P&H Rural Supplies

    P&H Rural Supplies 1. P&H Rural Supplies traded strongly during the financial year ended June 2003. Increases in both revenue and profitability. 2. P& H Rural Supplies are investigating commencement of rural merchandising in Robinvale and Mildura.

  10. Slide 10: 2003/2004 First Four Months

    2003/2004 1S* Four Months Lindsay Brothers Transport Group revenue up 15% P&H Rural Supplies revenue up 20% Improved earnings before income tax and amortisation of goodwill for Lindsay Australia .

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