Sims Ltd. · ASX:SGM
Sims — Sims Metal Management — FY2012 Earnings Presentation
22 slides from Sims's earnings presentation, Aug 24, 2012
Slide 1: Financial Results for the Full Year Ended 30 June 2012
Financial Results for the Full Year Ended 30 June 2012 Sims Metal Management Limited ASX Code: SGM NYSE Code: SMS Supplemental Information 23 August 2012
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements, including statements about Sims Metal Management’s financial condition, results of operations, earnings outlook and prospects. Forward looking statements are typically identified by words such as “plan,” “believe,” “expect,” “antic
Slide 3: Group Financial Performance
Group Financial Performance Change (%) Sales Revenue ($m) 9,035.7 8,846.8 EBITDA ($m) (excludes impairment of goodwill and intangible assets) Underlying EBITDA ($m)* Goodwill & Intangible Asset Impairment ($m) — — Depreciation ($m) Amortisation ($m) EBIT ($m) Underlying EBIT ($m)* NPAT ($m) Underlyi
Slide 4: Sales: Revenue by Region
Sales Revenue by Region Change $m (%) Australasia (1) 1,228.1 1,369.2 North America 6,027.0 5,993.0 Europe (2) 1,780.6 1,484.6 Total $9,035.7 $8,846.8 (1) Decreased sales revenue in Australasia primarily relates to declines in Manufacturing/Other sales and non-ferrous trading. (2) Increased sales re
Slide 5: Sales: Revenue by Product
Sales Revenue by Product Change $m (%) Ferrous Trading $4,359.9 $4,261.7 Non Ferrous Shred Recovery Ferrous Brokerage (1) 1,572.0 1,542.4 Non Ferrous Trading 1,626.8 1,665.2 Non Ferrous Brokerage Manufacturing/Other (2) Recycling Solutions 1,011.8 Total $9,035.7 $8,846.8 (1) Ferrous brokerage sales
Slide 6: EBITA by Region
EBITA (pre-goodwill and intangible asset impairment) by Region Change $m (%) Australasia (1) North America Europe EBITA by Region (2) $132.7 $330.2 Unallocated Group Corporate Costs (3) Amortisation of intangibles EBIT (pre-goodwill/intangibles impairment) $100.3 $299.7 Non cash goodwill & intangibl
Slide 7: Significant Items by Region
Significant Items by Region Group Pre-Tax After-Tax Australasia North America Europe Corporate Total Total $m Non-cash Goodwill & Intangible Asset Impairment $ $569.1 $42.4 $ — $ $ Inventory Adjustments to Net Realisable Value — Redundancy Accruals — Final Settlement of a Business Arrangement — — —
Slide 8: EBITA by Product
EBITA (pre-goodwill and intangible asset impairment) by Product Change $m (%) Ferrous Trading (incl. NFSR) $63.9 $181.7 Ferrous Brokerage Non Ferrous Trading Non Ferrous Brokerage Recycling Solutions Manufacturing/JV’s/Other EBITA by Product (1) (2) $264.4 $ Group & Regional Corporate Costs (3) Amor
Slide 9: EBIT Change by Region
EBIT (pre-goodwill and intangible asset impairment) Change by Region
Slide 10: EBIT Change by Product
EBIT (pre-goodwill and intangible asset impairment) Change by Product
Slide 11: Intake: Volumes by Region
Intake Volumes by Region Change Total Tonnes (‘000’s) (%) Australasia 1,791 1,745 North America 10,908 11,044 Europe (1) 1,656 1,482 Total 14,355 14,271 (1) Growth in Europe primarily relates to the acquisition of Dunn Brothers late in FY 2011.
Slide 12: Intake: Volumes by Product
Intake Volumes by Product Change Total Tonnes (‘000’s) (%) Ferrous Shred (inc. NFSR) 4,976 5,489 Other Processed Ferrous 5,146 4,732 Ferrous Brokerage (1) 3,613 3,433 Non-Ferrous Trading/Brokerage Other Total 14,355 14,271 (1) Ferrous brokerage tonnes includes sales associated with SA Recycling JV o
Slide 13: Sales Volume by Region
Sales Volume by Region Change Total Tonnes (‘000’s) (%) Australasia 1,772 1,774 North America 11,080 10,964 Europe (1) 1,651 1,466 Total 14,503 14,204
Slide 14: Sales Volume by Product
Sales Volume by Product Change Total Tonnes (‘000’s) (%) Ferrous Shred (inc. NFSR) 5,092 5,416 Other Processed Ferrous 5,180 4,663 Ferrous Brokerage (1) 3,597 3,518 Non Ferrous Trading/Brokerage Other Total 14,503 14,204
Slide 15: Sales by Destination (Ex-Country of Sourcing)
Sales by Destination (Ex-Country of Sourcing)
Slide 16: Group Income Statement
Group Income Statement $m Change ($) Change (%) Sales Revenue $9,035.7 $8,846.8 $188.9 EBITDA (excludes impairment of goodwill andintangible assets) Underlying EBITDA (1) EBIT Underlying EBIT (1) Net Interest Expense Tax Benefit (Expense) Net (Loss) Profit After Tax $(521.4) $192.1 $(713.5) Underlyi
Slide 17: Group Balance Sheet
Group Balance Sheet Orn... Fy 2012 FY 2011 Change ($) Change (%) [current Assets si4aa2| $7665] (2823)| 016.0) Non-current Assets 21358 2.4133 | (2775) Total Assets 3.6200 4i7ae| (ss9.8)| 03.4) current Liabilities 7342 0233 (e9n| coe) Non-current Borrowings 3299 2a12 a7] 133 lother Non-current. 1615
Slide 18: Group Cash Flow
Group Cash Flow net of dividends received Icnange in operating ateate and ln Net cash inflow from operat Payments for PPRE tof cash acquired Fy 2011
Slide 19: North America Results
North America Results Change (%) Sales Revenue ($m) $6,027.0 $5,993.0 EBITDA ($m) (excludes impairment of goodwill andintangible assets) (1) Underlying EBITDA ($m) (2) Depreciation EBITA ($m) (1) Underlying EBITA ($m) (2) Goodwill & Intangible Asset Impairment — — Amortisation of Intangibles EBIT ($
Slide 20: Australasia Results
Australasia Results Change (%) Sales Revenue ($m) $1,228.1 $1,369.2 EBITDA ($m) (excludes impairment of goodwill) (1) Underlying EBITDA ($m) (2) Depreciation EBITA ($m) (1) Underlying EBITA ($m) (2) Goodwill Impairment — — Amortisation of Intangibles EBIT ($m) (1) Underlying EBIT ($m) (2) Assets ($m
Slide 21: Europe Results
Europe Results Change (%) Sales Revenue ($m) $1,780.6 $1,484.6 EBITDA ($m) (excludes impairment of goodwill) Underlying EBITDA ($m)* Depreciation EBITA ($m) Underlying EBITA ($m)* Goodwill Impairment — — Amortisation of Intangibles EBIT ($m) Underlying EBIT ($m)* Assets ($m) $820.7 $890.8 Employees
Slide 22: Management
MANAGEMENT RIGHT. NOW.