Slide 1: Half Year Presentation – March 2014
For personal use only 1 HALF YEAR PRESENTATION – MARCH 2014
Slide 2: Disclaimer
For personal use only 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 shar
Slide 3: HY2014 Highlights
For personal use only HY2014 Highlights Revenue declined 12% to $258.3 million. The revenue reduction was due to the decline in demand for transport services and the loss of the Australian Paper contract in July 2013 2013. Profit after tax down by 44.3% following record comparative half year r
Slide 4: HY2014 Highlights
For personal use only HY2014 Highlights Western Australian resources business was impacted p byy cost cutting of large miners as they stopped or scaled back projects. Eastern seaboard manufacturers continued to struggle with pressures from imports imports. We have continued to reduce the size
Slide 5: K&S Corporation Limited
K&S CORPORATION LIMITED www ks@roup.com.au _ Scott Corporation Limited
Slide 6: Scott Corp Merger is Nearing Completion
For personal use only Scott Corp Merger is Nearing Completion KSC offer went unconditional on 24 February. y Offer closed 4 March. Settlement will be approximately 24 March. KSC acceptances t have h already l d exceeded d d the th compulsory l acquisition level. We intend to exercise those
Slide 7: Scott Corp Merger is Nearing Completion
For personal use only Scott Corp Merger is Nearing Completion We expect p to realise $3 million in synergies y g from the merger g over the next 12 to 18 months. The synergies will come from integration of back office functions, property and lower purchase costs.costs 92% of shares in SCC have
Slide 8: Half Year Result
For personal use only Half Year Result Half Year ended 31 December 2013 2012 Variance Half Year ended 31 December Revenue ($m) EBITDA ($m) 258.9 20.1 293.5 29.3 (11.8) (31.5) EBITDA margin 7.8% 10.0% EBIT ($m) 10 5 10.5 16 7 16.7 (37 3) (37.3) EBIT margin 4.1% 5.7% Less Net Interest ($m) (2.4) (2.
Slide 9: Dividend Summary
For personal use only Dividend Summary Interim dividend of 3.0 cents p per share:- Record date for interim dividend is 19 March 2014 Interim dividend payable 2 April 2014 DRP remains active with a 2.5% price discount. 9
Slide 10: K&S Corporation Limited
K&S CORPORATION LIMITED www. ksaroup.com.au
Slide 11: Balance Sheet Summary
For personal use only Balance Sheet Summary y As at ($m) 31 December 2013 30 June 2013 Cash and equivalents 7.6 15.9 Half Year ended 31 December Receivables Inventories 66.3 3.4 64.1 3.0 Other 6.0 5.3 Total Current Assets 83.3 88.3 Gearing is at 22.3% Property, Plant & Equipment 249.4 234.7 Intangib
Slide 12: Key Customers / 10-Year Dividend Payment History
For personal use only Key 10 Customers 10-Year Year Dividend Payment History Cents per share cents 16 14 12 8 7 7 7 10 7 5 Final Interim 8 6 6 5 6 4 8 7 7 7 7 7 6.5 5 5 5 2 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 12
Slide 13: K&S Nationwide
For personal use only K&S K&SNationwide Nationwide • K&S operates extensively K&Sg operates • throughout Australia and extensively New Zealand. throughout Australia and N New Z Zealand. l d 13
Slide 14: HS&E / Compliance
For personal use only K&S Nationwide HS&E / Compliance C li • K&S operates extensively throughout g Australia and New Zealand. • LTIFR as at 31 December 2013 = 7 • LTIFR as at 31 December 2012 = 10 • With all the recent publicity of “Cootes” Cootes maintenance issues we have instigated both internal
Slide 15: Looking Forward
For personal use only K&S L Nationwide Looking ki Forward F d • K&S operates extensively throughout g Australia and New Zealand. • We will continue to grow the business through:- • Organic Growth •Tenders • Acquisitions • The outlook for the domestic economy continues to look challenging. g g • Prov
Slide 16: K&S Contacts
For personal use only K&S Nationwide K&S C Contacts t t • K&S operates extensively throughout g Australia and New Zealand. Mr Greg Stevenson Managing Director Ph 03 8744 3501 Ph: greg.stevenson@ksgroup.com.au Mr Bryan Walsh Chief Financial Officer Ph: 0402 899 889 bryan walsh@ksgroup com au bryan.wa