K & S Corporation Limited · ASX:KSC
K & S — FY2012 Earnings Presentation
20 slides from K & S's earnings presentation, September 2012
Slide 1: FY 2012 Results Presentation
FY 2012 Results Presentation September 2012 1
Slide 2: Disclaimer
Disclaimer Despite anything stated in this notice or elsewhere in the document, none of the information (whether considered separately or together) constitutes an offer, invitation, solicitation, advice or recommendation with respect to the issue, purchase or sale of any shares in K&S Corporation
Slide 3: FY 2012 Results Presentation
FY 2012 Results P Presentation t ti 3
Slide 4: K&S Corporation Limited
K&S CORPORATION LIMITED Www ksgt OUP. conteau
Slide 5: FY2012 Highlights
FY2012 Highlights • Revenue growth of 6% to $554.8 million • Profit after tax increases by 10.9% • Strong performance by Western Australian business • Increased volume with CHEP • Organic g g growth in Steel Business • Balance Sheet further strengthened with gearing at 21.6% 5
Slide 6: FY2012 Results
FY2012 Results • Clearly we have seen first hand the two speed economy in our business business. • East Coast operations have experienced the effects of the high A$. • On the West Coast we have seen the positive impacts of the mining industry. • Our strong second half performance has been underpinne
Slide 7: FY2012 Results
FY2012 Results • In Western Australia where Regal Transport enjoyed solid 19% revenue growth based on mining expansion in the Pilbara and Kimberley regions. • Our New Zealand business improved on the back of a recovery in the dairy and timber industries. industries • Strong second half momentum expe
Slide 8: Full Year Result
K&S CORPORATION LIMITED Full Year Result Wwww.ksgroup.com.au Revenue ($m) EBITDA ($m) EBITDA margin EBIT ($m) EBIT margin Less Net Interest (Sm) Net Profit Before Tax ($m) Less Tax (Sm) Net Profit After Tax ($m) EPS (cents) Dividend Per Share (cents) Franking 554.8 54.7 9.9% 30.3 5.5% (6.9) 23.4 (7.
Slide 9: Half Year Result
K&S CORPORATION LIMITED Half Year Result Wwww.ksgroup.com.au Revenue (Sm) EBITDA ($m) EBITDA margin EBIT ($m) EBIT margin Less Net Interest (Sm) Net Profit Before Tax ($m) Less Tax (Sm) Net Profit After Tax ($m) EPS (cents) Dividend Per Share (cents) Franking 271.8 26.6 9.8% 14.1 5.2% (3.7) 10.4 (3.
Slide 10: 2012 Segment Performance
K&S CORPORATION LIMITED 2012 Segment Performance Australian New Zealand Full Year ended 30 June 2012 Transport Transport Revenue ($m) EBITDA ($m) EBITDA margin EBIT ($m) EBIT margin Less Net Interest (Sm) Net Profit Before Tax (Sm) Less Tax (Sm) Net Profit After Tax ($m) 10 467.0 49.7 10.6% 28.0 6.0
Slide 11: 10 Year Underlying EBIT & PAT
10 Year Underlying* EBIT & PAT 10-Year * Underlying EBIT excludes significant one‐off non‐recurring items. 11
Slide 12: Balance Sheet Summary
Balance Sheet Summary As at ($m) 30 June 2012 30 June 2011 Cash and equivalents 21.0 9.7 Receivables 73.2 67.5 Inventories 2.9 3.0 Other 5.2 5.3 • Gearing within target Total Current Assets 102.3 85.5 range at 21.6%. p y, Plant & Equipment Property, q p 219.4 222.0 Intangibles 71.1 71.6 Other 8.5 8.
Slide 13: Dividend Summary
Dividend Summary • Final dividend of 6.0 cents per share: – Record date for interim dividend is 17 October 2012. – Final dividend payable on 31 October 2012. • DRP remains active with a 2.5% price discount. 13
Slide 14: 10 Year Dividend Payment History
10 Year Dividend Payment History 10-Year Cents per share cents 16 14 12 8 7 7 7 10 7 5 Final 8 6 6 Interim 5 6 5 4 8 7 7 7 7 7 5 5 5 2 4 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 14
Slide 15: Key Customers
Key Customers • K&S has a large and diversified customer base. 15
Slide 16: K&S Nationwide
K&S Nationwide • K&S operates extensively throughout g Australia and New Zealand. 16
Slide 17: Safety
Safety • External safety audit was undertaken in October 2011 as part of our Comcare licence renewal. • The audit covered 6 sites across various states states. • In addition Comcare audited our rehabilitation and claims management system. • O On the h 4 JJuly l 2012 Comcare C extended d d our self l
Slide 18: Our Safety Target Remains Zero Harm
Our Safety Target Remains Zero Harm 18
Slide 19: Looking Forward
Looking Forward • We are currently planning a review of strategy and would expect the review to be completed by end of the first half. • We W will ill continue ti tto grow th the b business i th through: h – Organic growth – Tenders – Acquisitions. 19
Slide 20: K&S Contacts
K&S Contacts Mr Greg Stevenson Managing Director Ph: 03 8744 3501 greg.stevenson@ksgroup.com.au Mr Bryan Walsh Chief Financial Officer Ph: 0402 899 889 bryan walsh@ksgroup com au bryan.walsh@ksgroup.com.au 20