Slide 1: Shareholder Presentation
Shareholder Presentation February 2004 e Full Year Results 31 December 2003 e Capral Strategy Greg L’Estrange ~ Managing Director Nigel Chalk ~ Finance Director © fing ® Sod. LLM EME
Slide 2: Full Year Results December 2003
Full Year Results 31 December 2003 OE Pei Dc LLM EME CA SSS
Slide 3: a GN
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Slide 4: Underlying Performance
Underlying Performance Full Year December 2003 Revenue from operating activities Sales Revenue Australia - core business Sales Revenue Australia - closed business Sales Revenue New Zealand Other (primarily scrap sales) .* LME movement year on year represents |a shift of approximately $284 per tonne
Slide 5: Year over Year EBIT
Year over Year EBIT | CC AnD 68 Aad. cae LAU MEE
Slide 6: Overhead Analysis
‘Overhead Analysis Full Year December 2003 ts 72008 2002 Warehouse Overheads 10,460 9,089 Selling Expenses 31,751 31,446 information Technology 8,703 8,842 Corporate Overheads 13,006 13,484 Total Australia 63,920 62,861 New Zealand 4,095 Total 66,956 CC AnD 68 Aad. cae LAU MEE
Slide 7: Balance Sheet
Balance Sheet Full Year December 2003 , Current Assets & Liabilities ash eceivables Inventories : ayables orrowings Provisions , Other Total : Long Term Assets & Liabilities ‘Receivables angible Fixed Assets “Intangible Assets : Deferred Tax Assets Investments , Deferred Tax Liabilities orrowings *
Slide 8: Operating Working Capital
ee 2003 [2002 61,687 59,708 nventories 48,132 47,797 Other Current Assets 4,313 3,361 Current Liabilites “ Payables (54,274)| (55,829) Other Provisions (3,656) (3,966) Operating Working Capital 56,202 Movement - Year on Year (5,131) Decrease / (Increase) CC AnD 68 Aad. cae LAU MEE
Slide 9: Cash Flow
‘Cash Flow Full Year December 2003 000s 2003 | 2002 Net Cash Inflow /(Outflow) from Operating Activities (2,652), 45,652 Cash Flows from investing Activities Capital Expenditure (64,977) (41,563) Proceeds from Sale of PP&E 19,720 19,050 Payments for Intangible Assets 0 (2,164) Other Items (1,144) 97
Slide 10: Debt facilities: limit, used, available
Limit Used $m Available} $m Ua cae LAU MEE
Slide 11: Major CAPEX projects 2003
Major CAPEX projects 2003. og te TO FE Zee, LAU MEE
Slide 12: Capral Strategy Update
Shareholder Presentation Capral Strategy Update OE Pei Dc LLM EME CA
Slide 13: CC AnD Aad.
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Slide 18: CC AnD Aad.
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