Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — Shareholder Meeting (February 2016)
16 slides from Excelsior Capital's shareholder meeting presentation, Feb 11, 2016
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation 22 October 2014 SYDNEY
Slide 2: Disclaimer
Disclaimer This document, and any constituent or associated presentation, information or material (collectively, the Material), is not (and does not form part of) an offer, solicitation, invitation or recommendation in respect of any securities and neither the Material nor any part of it will form t
Slide 3: CMI Limited Overview
CMI Limited Overview CMI TJM Electrical Products CMI Electrical specialises in the design and manufacture of This division specialises in specialty plugs and couplers, designing, manufacturing, electrical cables, sourcing and wholesaling and retailing of supply of niche electrical cables, vehicle ac
Slide 4: FY14 Earnings Summary
FY14 Earnings Summary • Electrical ‐ performance was down largely $m FY14 FY13 Change due to poor market conditions in the coal Operating Revenue 92.3 111.7 (17%) mining sector and reduced infrastructure EBITDA 6.8 15.4 (56%) and construction activity resulting in 28% decrease in revenues EBITDA Mar
Slide 5: FY14 Divisional & Half on Half Summary
FY14 Divisional & Half on Half Summary Electrical TJM Corp FY14 $m $m $m $m Operating Revenue 50.9 41.5 - 92.4 EBITDA 11.2 (2.2) (2.2) 6.8 EBITDA margin % 22% (5%) 7% EBIT 11.0 (3.8) (2.2) 5.0 Operating PBT 11.0 (3.8) (2.4) 4.8 Tax (1.3) Reported NPAT 3.5 Revenue EBIT* * Before Net Interest, Impairm
Slide 6: Balance Sheet & Dividend Policy
Balance Sheet & Dividend Policy • Strong balance sheet and capacity to generate cash – Net cash $6.6m – Net Tangible Assets $1.31 per share • Dividends – Payout ratio adjusted to allow up to 60% – 3 cent fully franked dividend paid March and September 2014 – Maintained prior year 6 cent dividend pay
Slide 7: Quarterly Update & Outlook
Quarterly Update & Outlook Page 7
Slide 8: September 2014 Quarter
September 2014 Quarter • Group revenue is down for the September quarter compared to the prior year, due to lower electrical division revenues and reduction in low margin OE revenues for TJM. • Group margin overall is now improving compared to 2nd half FY14 partially offsetting lower revenues. • Con
Slide 9: Market Analysis - Electrical
Market Analysis ‐ Electrical • Mining sector – Challenges expected to continue in the medium term – CMI mining product is a market leader and a safety related product that has a replacement life cycle of 5 years – Continued product development of flameproof products for resources industry – Maintain
Slide 10: Market Analysis - TJM
Market Analysis ‐ TJM • Domestic retail sales: – Operating in growth market of new 4WD & light commercial vehicles – Sales continue to increase, a result of broadening product range and improved pricing – Margin has also improved through cost reductions both from suppliers and overheads • Original E
Slide 11: AGM Formal Business
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Slide 12: Financial Report
Formal Business Financial Report To receive and consider the financial report of the Company and the reports of the Directors and Auditors for the year ended 30 June 2014. Page 12
Slide 13: Remuneration Report
Formal Business Remuneration Report Resolution 1. To consider and, if thought fit, pass the following as a non-binding ordinary resolution: ‘That the Company’s Remuneration Report for the financial year ended 30 June 2014 is approved.’ Proxies Received Voted % For 7,087,267 95.63 Against 122,144 1.6
Slide 14: Election of Director
Formal Business Election of Director Resolution 2. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That Mr Jeffrey Forbes, having been appointed a Director since the last annual general meeting of the Company, in accordance with the Constitution, ceases to hold office
Slide 15: Issue of Performance Rights
Formal Business Issue of Performance Rights Resolution 3. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That for the purpose of ASX Listing Rule 10.14 and for all other purposes, the issue of 900,000 Performance Rights to Mr Andrew Buckley under the Company's Perfor
Slide 16: Thank you for your attendance.
Thank you for your attendance. Page 16
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