Rectifier Technologies Ltd · ASX:RFT
Rectifier Technologies — ICE — Investor Presentation (September 2003)
18 slides from Rectifier Technologies's investor presentation, September 2003
Slide 1: ICE Corporation Limited
ICE Corporation Limited ABN 82 058 010 692 `ljm^kv=mobpbkq^qflk pÉéíÉãÄÉê=OMMP gÉÑÑ=eççéÉê j~å~ÖáåÖ=aáêÉÅíçê
Slide 2: Disclaimer/Disclosure
Disclaimer/Disclosure This presentation is provided to you for the sole purpose of providing background financial and other information to review the business activities of ICE Corporation Limited (“ICE”). The information in this document should not be relied upon as a complete and accurate represen
Slide 3: Recent Capital Raising
Recent Capital Raising Underwritten 3:4 rights issue @ 2 cents raised circa $2.4m. Funds applied to: Debt Elimination $1.050m Working Capital $0.450m Costs of issue $0.400m Cash reserves $0.500m $2.400m Impact: All secured debt paid out allowing management and board resources to focus on profitably
Slide 4: Capital structure
Capital structure Shares on issue before rights issue 162,253,159 Rights issue shares 121,689,869 Current shares on issue 283,943,028 Price 19 September 03 $ 0.028 Market capitalisation $ 7,950,405 4
Slide 5: ICE Corporation Businesses today
ICE Corporation Businesses today oqm=J=oÉÅíáÑáÉêë=~åÇ=a`=mçïÉê=póëíÉãë mêçíê~å=J=cçáä=ïçìåÇ=íê~åëÑçêãÉêë=~åÇ ëéÉÅá~äáëÉÇ=ÉäÉÅíêçåáÅ=ÅçãéçåÉåíë 5
Slide 6: RTP Products – What they do
RTP Products – What they do RTP’s rectifier products DC POWER (ICERT) systems do 4 things: Step down AC power from large voltage to smaller voltages Switch or connect power from AC to DC Supply DC power for applications such as telephone exchanges, cellular sites, fiber optic telecoms and radio freq
Slide 7: RTP Product Applications
RTP Product Applications DC (DIRECT CURRENT) DRIVEN BACK UP AND EMERGENCY POWER SUPPLIES FOR: TELECOMMUNICATIONS LARGE PRIVATE POWER USERS UNDERGROUND CABLE MINING DIGITAL MOBILE OIL & GAS MICROWAVE SATELLITE POWER UTILITIES SWITCHING OF ELECTRICITY VOLTAGE PROVIDING DC POWER RUNNING THEIR OWN PRIVA
Slide 8: Channels to end users
Channels to end users PRODUCTS MANUFACTURING by SALES licensees RTP •Design END •Audit LICENSEE •Support FACTORY #1 USER •Uniformity Compliance MARKET ICE LICENSEE FACTORY #2 Corporation Eg: Limited Global Telco’s LICENSEE Global PROTRAN FACTORY #3 POWER • Design UTILITIES • manufacture Global Large
Slide 9: RTP Markets - Who are the Licensees?
RTP Markets - Who are the Licensees? Licensees- have paid license fees and are paying royalties: Allis (Taiwan), Amara Raja (India), Asau (China), EFACEC (Portugal), Grintek (South Africa), Omicron (Italy/Romania), Topaz (Malaysia), WZTP (China) New Licensees – have paid all or part license fees but
Slide 10: RTP – Current end users of products
RTP – Current end users of products British Telecom China Telecom Korean Telecom China Unicom Vodakom South Africa DOT/TEC India Telekom South Africa Portugal Telecom Cable and Wireless UK Taiwan Telecom Cable and Wireless Europe Venezuela Entel Chile USA Romtelekom Romania Pakistan (testing) Teleco
Slide 11: Protran Products/ Markets
Protran Products/ Markets Protran manufacture: foil wound transformers for rectifiers specialised telecom and communication sub-assembly components Protran product applications: Telecom equipment (Telstra) Medical equipment (Cochlear) Military communications (Codan) Industrial equipment (Schaffler/
Slide 12: Board of Directors
Board of Directors Chairman Chairman Jeff Jeff Hooper Hooper Tino Chairman Chairman Managing Managing Director Director Tino Vescovi Vescovi Malcolm Malcolm Duncan Duncan Identified and Managing Founder of RTP Owns UK Licensee to be appointed Director Duvine shortly Ex Wide industry Gainsborough exp
Slide 13: Senior Management
Senior Management Managing Managing Director Director Jeff Jeff Hooper Hooper Licensing Licensing Product Product Logistics Logistics & & Operations Operations CFO CFO Technical Technical of of R&D R&D Marketing Marketing & & Sales Sales Marketing Marketing && Sales Sales (manufacturing) (manufactur
Slide 14: Financial Summary – Operating profit and loss
Financial Summary – Operating profit and loss $'m Actual Actual Actual Forecast Revenue Jun-01 Jun-02 Jun-03 Jun-04 Manufacturing / trading 8.0 4.2 4.9 5.7 Licensing 1.1 3.3 1.1 1.9 Royalties 1.7 0.9 0.4 0.5 Total revenue 10.8 8.4 6.4 8.1 EBITDA Manufacturing / trading 1.8 0.2 0.8 0.9 Licensing (0.6
Slide 15: Financial Summary – Balance sheet
Financial Summary – Balance sheet $'m Actual Actual Actual Pro-forma Assets Jun-01 Jun-02 Jun-03 Jun-04 Cash 0.3 0.1 0.2 0.7 Receivables 2.1 1.6 1.4 1.4 Inventories 2.2 1.8 1.5 1.5 Investments 0.3 0.3 Fixed Assets 0.6 0.5 0.4 0.4 Capitalised IP 1.2 1.1 0.0 Capitalised R&D 0.4 1.1 1.6 1.6 Other asset
Slide 16: Significant restructuring achieved
Significant restructuring achieved Balance sheet rationalised – All interest bearing debt discharged (F02 $13.2 million) – Assets written down by $1.9 million (R&D, IP, Inventory, Investments) – Shareholders funds restored to positive (F03 pro-forma post rights issue $4.0 million versus F02 deficit
Slide 17: Looking forward
Looking forward Forecasts based on conservative estimates – no improvement in markets allowed for Signs of improving Telco capex spend – new licensees Efficiencies to be derived from co-location of RTP and Protran New non exec chairman identified and to be announced soon Corporate opportunities bein
Slide 18: End of presentation - Thankyou
End of presentation - Thankyou 18