Siv Capital Limited · ASX:SIV
Siv Capital — Silver Chef — UBS Emerging Companies Financials Conference 2014
14 slides from Siv Capital's conference presentation, Dec 2, 2014
Slide 1: UBS Emerging Companies Financials Conference
For personal use only UBS Emerging Companies Financials Conference Speaker:- Allan English, Executive Chairman 2 December 2014 UBS Offices, 2 Chifley Square, Sydney
Slide 2: Disclaimer
Disclaimer Silver Chef Limited has not considered the financial position or needs of the recipient in providing this presentation. Persons needing advice should consult For personal use only their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial or legal advi
Slide 3: The Silver Chef Story
The Silver Chef Story For personal use only 1986 2005 2008 2011 2013 Established by Listed on ASX GoGetta brand New Zealand Canadian Executive Chairman launched business business Allan English established established Customer Value Proposition o Low weekly rental repayments o Frees up working capita
Slide 4: June 2014 Results Snapshot
30 June 2014 Results Snapshot 5-year For personal use only FY14 Change (FY13-FY14) CAGR (FY09-FY14) Total revenue + 24% + 32% Rental assets (at cost) and lease + 16% + 29% receivables NPAT + 11% + 29% Basic EPS + 5% + 14% Dividend + 5% + 17% Operating cash flow + 19% + 34% Rental asset acquisitions
Slide 5: Group - Acquisitions and Assets
Group - Acquisitions and Assets New rental asset acquisitions Total rental assets (at cost) and lease For personal use only (Group) 300 receivables 140 250 120 50.9 100 48.6 200 80 $ millions $ millions 37.0 150 299.0 60 257.4 24.1 100 13.6 86.8 185.4 40 76.7 8.0 141.3 56.0 50 109.4 20 36.8 42.6 84.
Slide 6: Portfolio weighting
Portfolio weighting For personal use only Revenue by segment GoGetta 32% (FY13: 33%) Hospitality - Hospitality - Canada Australia 0.1% 66% (FY13: 0%) (FY13: 65%) Hospitality - New Zealand 2% (FY13: 1%) 6
Slide 7: Hospitality – FY14 Highlights
Hospitality – FY14 Highlights For personal use only o Hospitality division contributed $29.7 million in pre-tax profit, an increase of 17% (FY13: $25.4 million) o The Wacol Reconditioning and Disposal Facility (“RAD”) improved efficiency and grew our used equipment rental business. o In July 2013 th
Slide 8: Canada – Exciting Growth Opportunities
Canada – Exciting Growth Opportunities For personal use only Foodservice Population1 Total outlets Market1 Canada 35 million $US63 billion 109,213 Australia 22 million $US45 billion 74,196 o Strong support for Silver Chef’s product and business model o Suppliers are proactively supporting our entry
Slide 9: GoGetta – FY14 Highlights
GoGetta – FY14 Highlights o GoGetta contributed $9.3 million in pre-tax profit, For personal use only down from the previous year (FY13: $10.9). o GoGetta experienced slower growth in FY14 relative to previous years. o Initiatives implemented to achieve improved growth profile: o Dealer accreditatio
Slide 10: Strong Financial Position
Strong Financial Position o Strong balance sheet with For personal use only $ millions 30 June 2014 30 June 2013 Change Assets ongoing support from its financiers Total current assets 10.9 6.8 + 60% o Aims to fund approximately Rental assets at WDV 188.1 173.5 + 8% 30% of total assets with Other non
Slide 11: Track Record of Delivering Shareholder Value
Track Record of Delivering Shareholder Value 50 50% For personal use only 44.2 45 40% 41.4 40 24.3% 24.1% 37.4 30% 23.3% 22.2% 20.6% 35 23.6% 20% 14.5% 14.6% 14.2% 12.5% 29.7 30 10% Cents per share 26.6 30.0 28.5 25 22.5 0% 24.0 20 -10% -19.2% 20.0 15 18.0 -20% 14.0 10 -30% -39.8% 5 -40% 0 -50% FY09
Slide 12: Strategy
Strategy Funding Focus on ensuring Group that the company has access to For personal use only o Focus on delivering ten year strategic plan sufficient funding, in an appropriate debt / o Continuing to invest in systems and processes to equity mix to achieve Growth growth improve efficiency Customer
Slide 13: Competitive Advance through People and Culture
Competitive Advance through People and Culture For personal use only o Every Silver Chef employee has a bonus linked to the satisfaction of our customers. o Over the past five years there has been incremental growth in our customer satisfaction and this equates directly to repeat business for the Co
Slide 14: Outlook
Outlook Retail Turnover – 2004-2014 Cafes, restaurants and takeaway food services* For personal use only o We expect the consumers’ love of a cup 60 % change from previous month (cumulative) of coffee and dining out with friends to continue in line with long term trends 50 o Maintaining high custome
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