Coventry Group Limited · ASX:CYG
Coventry — Investor Presentation (April 2013)
14 slides from Coventry's investor presentation, Apr 9, 2013
Slide 1: Delivering the results – Market Update April 2013
Coventry Group Ltd For personal use only ABN 37 008 670 102 “Delivering the results” Roger Flynn Executive Chairman Market Update April 2013
Slide 2: Our Businesses
Our Businesses For personal use only Coventry has four well established businesses in Industrial Distribution and one embryonic business in the IT services sector • Coventry Fasteners and Hylton Parker (NZ) • Cooper Fluid Systems • Artia (Cabinet Hardware and Furniture) • AA Gaskets and NZ Gaskets •
Slide 3: The Six Months Trading Results
The Six Months Trading Results For personal use only MANAGING A “TWO SPEED ECONOMY” AND MINING PEAK • Strong results for fluids and gaskets • Strong resources driven demand in Western Australia and Nth Queensland for fluids and fastener businesses • The November and December hesitation for mining cu
Slide 4: The Six Months Trading Results: Strong Performance and Returns for Shareholders
The Six Months Trading Results For personal use only STRONG PERFORMANCE AND RETURNS FOR SHAREHOLDERS • 11c fully franked dividend to be paid in March 2013 • EPS for the Group was 10.4c (including profit on property sales) • NTA/share increased to $3.72 (share price at 31 Dec 2012 $3.00) • Total debt
Slide 5: The Commitment to Shareholders
The Commitment to Shareholders For personal use only NTA HAS INCREASED WHILST REGROWING DIVIDENDS $/Share
Slide 6: Pursuing The Announced Strategy
Pursuing The Announced Strategy For personal use only STRATEGY EXECUTED TO PLAN • New management and strategy in place for the Fasteners and Hardware divisions • Acquisition made in our IS subsidiary, MSS, increasing critical mass • On going search for value enhancing acquisitions but disciplined ap
Slide 7: Coventry Fasteners & HPF Are Leading Players with Strong Management
The Businesses For personal use only COVENTRY FASTENERS & HPF ARE LEADING PLAYERS WITH STRONG MANAGEMENT • Geographic Markets : All states of Australia (QLD/WA largest), New Zealand • Divisional Office : Melbourne, (51 branches) • Dimensions : Sales $125m Employees 409 EBIT: before significant items
Slide 8: Cooper Fluid Systems Is Well Led & Continues to Deliver Strong Returns
The Businesses (continued) For personal use only COOPER FLUID SYSTEMS IS WELL LED & CONTINUES TO DELIVER STRONG RETURNS • Geographic Markets : WA, QLD, SA and small amount of export • Divisional Office : Brisbane, (8 branches) • Dimensions : Sales $83m Employees 172 EBIT 13.5% • Cap Employed : $24m
Slide 9: MSS Gaining Critical Mass in the Perth Market
The Businesses (continued) For personal use only MSS THROUGH ORGANIC AND ACQUISITION GROWTH IS GAINING CRITICAL MASS IN THE PERTH MARKET • Geographic Markets : WA • Divisional Office : Perth • Dimensions : Sales $5m • Employees 42 • Key Markets : IS services, hosting, consulting and ERP • Key Compet
Slide 10: Artia (Cabinet Furniture and Hardware) Has Growth Potential
The Businesses (continued) For personal use only ARTIA (CABINET FURNITURE AND HARDWARE) HAS GROWTH POTENTIAL • Geographic Markets : All states of Australia and New Zealand • Divisional Office : Melbourne, (8 branches) • Dimensions : Sales $25m Employees 88 EBIT is currently a loss of around 3% • Cap
Slide 11: Gaskets Is the Market Leader & Performing Well
The Businesses (continued) For personal use only GASKETS IS THE MARKET LEADER & PERFORMING WELL • Geographic Markets : Australia and New Zealand • Divisional Office : Melbourne, (2 branches) • Dimensions : Sales $14m Employees 60 EBIT 17% • Cap Employees : $10m • Key Markets : Auto repairers, perfor
Slide 12: Coventry Group Key Strengths
Coventry Group Key Strengths For personal use only SKILLS WE WILL LEVERAGE FOR FUTURE GROWTH • Good understanding of Australian and New Zealand industrial “landscape” • Leadership of complex and volume driven businesses • Developer of brands • Logistics and IT capability – now being actively markete
Slide 13: Pursuing The Strategy: A Disciplined Path of Shareholder Value Creation
Pursuing The Strategy For personal use only A DISCIPLINED PATH OF SHAREHOLDER VALUE CREATION Coventry Group has $52M in cash and therefore the resources to: • undertake capital management initiatives – dividends and share ‘buy backs’ • invest in selected areas of current business portfolio to expedi
Slide 14: For personal use only
For personal use only