Steel & Tube Holdings Limited · NZX:STU
Steel & Tube — Shareholder Meeting (November 2016)
24 slides from Steel & Tube's shareholder meeting presentation, November 2016
Slide 1: Stronger Foundations
Stronger Foundations Shareholders’ Annual Meeting November 2016
Slide 2: Chairman Sir John Anderson
Chairman Sir John Anderson SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 3: Annual Meeting Agenda
Annual Meeting Agenda Report on the Company’s activities Receive 2016 Annual Report Appointment and remuneration of auditors Election of Directors General discussion/questions Refreshments SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 4: Board of Directors and Company Secretary
Board of Directors and Company Secretary Sir John Anderson Dave Taylor Anne Urlwin Dean Pritchard Rosemary Warnock Janie Elrick (CFO and Company Secretary) SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 5: Chairman's Address – Performance Highlights
Chairman’s Address – Performance Highlights Sales revenue record $516m – up 3% Profit after tax $25.8m – up 20.4% • Includes $6.4 million one-off gain from building sale Earnings per share 28.9 cents – up 18% on last year Full year dividend 22.5 cents per share 78% pay-out ratio SHAREHOLDERS’ ANNUAL
Slide 6: Chairman's Address – Board Refresh
Chairman’s Address – Board Refresh Two new New Zealand directors to be added First of which is well underway Sir John Anderson to step down from the board during 2017 New chairman to be selected SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 7: Chairman's Address – Outlook
Chairman’s Address – Outlook NZ economy remains in modest expansion Global steel prices have firmed Refreshed strategy Company in good shape SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 8: CEO Dave Taylor
CEO Dave Taylor SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 9: Building on stronger foundations
CEO’s Address – Building on stronger foundations SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 10: Quality assurance
CEO’s Address – Quality assurance SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 11: High Quality Procurement
CEO’s Address – High Quality Procurement S&T purchases approximately Deliver to 56 facilities prior to $400 million of steel products dispatch to 20,000 customers Over 50,000 products Long-term compliance from all over the world is 99.75 per cent S&T Source of Steel Others of Steel Rest of Other Oth
Slide 12: NZ's Largest Hospital Building Project
CEO’s Address – NZ’s Largest Hospital Building Project A floor area of 32,500sqm Approximately 15,000m 3 of soil and sand was removed The building footprint is 14,000sqm Approximately 450pre-cast panels make up parts of the buildings Burwood Hospital SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 13: Sustainable School Campus
CEO’s Address – Sustainable School Campus Hamilton’s fastest growing community 600plus foundation students in Junior High 18,000sqm spread across two levels on 11 hectares Capacity for up to 2,000students Five Green Star rating Rototuna SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 14: World-Class Campus
CEO’s Address – World-Class Campus Regional innovation hub $ 216million project budget 25,000sqm across two buildings 300 tradespeople on-site State-of-the-art facilities University of Canterbury’s Regional Science and Innovation Centre SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 15: Acquisitions update
CEO’s Address – Acquisitions update Customised pipe wall thickness 17,000 Product lines to meet project requirements Fully-stocked branches Complete project delivery 300 million+ items PPE pipe manufacture lengths 9 Branches 12 to120metres nationwide Large diameter pipes can be installed at Fortress
Slide 16: Reinvesting for the future
CEO’s Address – Reinvesting for the future Dunedin new building Blenheim store and Trade Shop SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 17: Charities and sponsorships
CEO’s Address – Charities and sponsorships SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 18: Health & Safety across the business
CEO’s Address – Health & Safety across the business SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 19: Global outlook
200 300 400 500 600 700 800 900 MAR 09 JUN 09 SEP 09 DEC 09 MAR 10 JUN 10 SEP 10 DEC 10 MAR 11 JUN 11 SEP 11 HR Coil DEC 11 MAR 12 JUN 12 SEP 12 DEC 12 Beam MAR 13 JUN 13 SEP 13 DEC 13 MAR 14 Rebar JUN 14 SEP 14 SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016 DEC 14 MAR 15 JUN 15 SEP 15 C&F USD East Asia
Slide 20: Global outlook
CEO’s Address – Global outlook Coking coal prices have trebled in past 4 months This current Increase of USD180 PT translates to an increase of USD160 PT of steel Australian low volume hard coking coal prices FOB USD/Tonne 270 250 230 210 190 170 150 130 110 90 1 JUL 16 7 JUL 16 12 JUL 16 15 JUL 16
Slide 21: New Zealand Trading Environment
CEO’s Address – New Zealand Trading Environment Construction Manufacturing Rural SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 22: Chairman Sir John Anderson
Chairman Sir John Anderson SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2016
Slide 23: Resolutions
Resolutions Item 1: Receive Shareholder Review and Financial Report Resolution 1 (by poll): Appointment and remuneration of auditors Resolution 2 (by poll): To re-elect Anne Urlwin Resolution 3 (by poll): To re-elect Sir John Anderson Item 2: Any other business SHAREHOLDERS’ ANNUAL MEETING NOVEMBER
Slide 24: Slide 24
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