Cleanaway Waste Management Ltd. · ASX:CWY
Cleanaway Waste Management — Transpacific Industries Group — RBS Morgans 2013 Queensland Conference
14 slides from Cleanaway Waste Management's conference presentation, Oct 9, 2013
Slide 1: ASX cover letter for RBS Morgans conference presentation
Transpacific Industries Group Ltd ABN: 74 101 155 220 Level 1, 159 Coronation Drive MILTON QLD 4064 PO Box 1824 MILTON QLD 4064 Phone: + 61 7 3367 7800 Fax: + 61 7 3367 7878 9 October 2013 For personal use only Company Announcements Office ASX Limited Dear Sirs, Please find attached a presentation t
Slide 2: RBS Morgans 2013 Queensland Conference
RBS Morgans For personal use only 2013 Queensland Conference Presentation by Stewart Cummins Chief Financial Officer 9 October 2013
Slide 3: Agenda
Agenda For personal use only 1. Introduction 2. Divisional Overview 3. Improving Financial Metrics 4. Business and Operational Review 5. FY14 Agenda 2
Slide 4: 1. Introduction
1. Introduction For personal use only Transpacific is Australia and New Zealand’s leading waste management business, operating a national network of unique collection, processing and landfill assets Over the past three years a number of actions have been taken to strengthen the Company Our pri
Slide 5: 2. Divisional Overview
2. Divisional Overview For personal use only Our operating structure has changed since 30 June 2013 Waste Management Operations Non-core Operations Industrials Commercial Cleanaway New Zealand Manufacturing Australia Vehicles Core segment activities Non-core segment activities Collections and Post I
Slide 6: Divisional Overview: Cleanaway
Divisional Overview: Cleanaway For personal use only C&I Collections Municipal Collections Post Collections Customers range from local small Councils typically award 5-10 year Operation of transfer stations, businesses to large national contracts to collect residential material recycling facil
Slide 7: Divisional Overview: Industrials
Divisional Overview: Industrials For personal use only Technical Services Industrial Solutions Hydrocarbons Collection, treatment, recycling Services include vacuum handling, Collection, treatment and re-sale and safe disposal of liquid and high pressure water blasting, of used lubricants and
Slide 8: Divisional Overview: New Zealand
Divisional Overview: New Zealand For personal use only Collections and Post Collections Technical & Industrial Services Consists of solid waste collection, processing and Consists of businesses serving commercial, industrial disposal operations servicing municipal, private and municipal customer
Slide 9: Net Debt, Working Capital and Net Cash Interest
3. Improving Financial Metrics For personal use only Net Debt Balance Working Capital to Sales Ratio ($M) (%) 1,561.2 15 13.6 1500 1,402.0 12.5 1,050.6 9.7 977.5 10 8.7 1000 792.5 500 5 3.3 0 0 FY10 FY11 FY12 FY13 FY13PF* FY10 FY11 FY12 FY13 FY13PF * Net cash interest expense ($M) Over the past fo
Slide 10: Divestment of surplus assets and non-core businesses
3. Improving Financial Metrics (cont’d) For personal use only Over three years, between $285-295 million will have been realised from the divestment of many surplus assets and non-core businesses $12 million from the sale of listed DMX and CMV investments FY12 $5.5 million from the sale of 2 sur
Slide 11: Debt and leverage ratios
3. Improving Financial Metrics (cont’d) For personal use only Gross Debt/Underlying EBITDA Net Debt/Underlying EBITDA 4.5x 4.5x 4.0x 4.0x 4.03 3.5x 3.5x 3.51 3.70 3.0x 3.0x 3.30 2.5x 2.5x 2.56 2.56 2.0x 2.31 2.0x 2.39 2.39 2.11 1.5x 1.5x 1.0x 1.0x FY10 FY11 FY12 FY13 FY13PF* FY10 FY11 FY12 FY13 FY13
Slide 12: Cost reduction and operating efficiency initiatives
3. Improving Financial Metrics (cont’d) For personal use only Our aim is to reduce costs and increase operating efficiency Sustainable EBIT Areas Major Initiatives Impact FY13 – FY15 Implemented organisational restructure resulting in fewer layers and wider spans of control Organisational Reduct
Slide 13: 4. Business and Operational Review
4. Business and Operational Review For personal use only The review is being used to accelerate TPI’s transformation program Key areas of focus 1 The review identified 42 businesses across Australia and New Zealand which are either non-core or under-performing and are proposed to be sold or closed
Slide 14: 5. FY14 Agenda
5. FY14 Agenda For personal use only Delivering on the next phase of the sustainable cost savings targets – a further Performance $20 million of the $50 million indicated in February 2013 improvement Additional performance improvement benefits to flow from implementing the recommendations from t
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