10 slides from Southern Cross Electrical Engineering's earnings presentation, Feb 27, 2012
Slide 1: H1 FY12 Results Presentation
For personal use only H1 FY12 Results Presentation 27 February 2012
Slide 2: Key messages
Key messages For personal use only transitional year of growth • Revenue up 78% on prior corresponding period to $84 million Financial • Increasing profitability • Overheads as percentage of revenue reducing • Strong and debt free balance sheet • Employees increased from 300 to 1,000 – leading indic
Slide 3: Financial overview – growth trajectory re-established
Financial overview – growth trajectory re-established For personal use only 6 months to Dec 2010 June Dec change ($m) 2011 2011 on p.c.p. Sales Revenue 47.3 54.5 84.2 Gross profit 2.3 13.9 17.8 EBITDA (5.4) 6.1 8.1 Statutory NPAT (4.8) 3.1 5.1 Statutory NPAT Margin (10.1)% 5.7% 6.1% 6 mth earnings p
Slide 4: Indicators of growth
Indicators of growth For personal use only employee numbers – attracting talent to deliver growth 1,200 number • Significant investment in skills with 1046 Asia & 2 trainees and 23 apprentices 1,000 Middle East appointed in the half Americas 800 • Growing employee numbers being 600 Africa mobilised
Slide 5: Financials – positive trends
Financials – positive trends For personal use only $m Revenue $m Gross profit & GP margin* 100 20 30% 25% 80 20% 60 10 15% 40 10% 20 5% 0 0 0% 1H 2011 2H 2011 1H 2012 1H 2011 2H 2011 1H 2012 $m EBITDA & EBITDA margin* NPAT & NPAT margin* $m 10 20% 10 20% 5 10% 5 10% 0 0% 0 0% (5) -10% (10) -20% (5)
Slide 6: Financials – cash flow
Financials – cash flow For personal use only • Operating cash outflow ($m) Dec Jun Dec 6 months to 2010 2011 2011 • Working capital funding growth Operating cash flows (4.4) 4.6 (2.3) • Systems investments • Recruitment costs Investing cash flows (0.1) (1.1) (0.7) • Investing cash inflow Financing c
Slide 7: Financials – balance sheet
Financials – balance sheet For personal use only ($m) 31 Dec 30 Jun 31 Dec 2010 2011 2011 Current assets 23.3 59.8 66.5 • Strong balance sheet with no debt • Investment in plant and equipment Non-current assets 30.1 26.8 30.1 • Well positioned to fund growth Total assets 53.4 86.6 96.6 Current liabi
Slide 8: Summary
Summary For personal use only On track for a strong H2 • H1 revenue ahead of target and similar or greater levels expected for H2 Imminent major contract wins to flow into FY13 • Profit and margins to improve further into H2 FY12 a year of transition lower margin contracts being completed fu
Slide 9: Disclaimer
Disclaimer For personal use only Some of the information contained in this presentation contains “forward-looking statements” which may not directly or exclusively relate to historical facts. These forward- looking statements reflect Southern Cross Electrical Engineering Limited’s current intentions
Slide 10: H1 FY12 Results Presentation
For personal use only H1 FY12 Results Presentation 27 February 2012