K & S Corporation Limited · ASX:KSC
K & S — H1 2013 Earnings Presentation
18 slides from K & S's earnings presentation, Mar 12, 2013
Slide 1: HY 2013 Results Presentation
For personal use only HY 2013 Results Presentation March 2013 1
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: HY 2013 Results Presentation
For personal use only HY 2013 Results P Presentation t ti 3
Slide 4: K&S Corporation Limited
K&S CORPORATION LIMITED Www ksgt OUP. conteau
Slide 5: HY2013 Highlights
For personal use only HY2013 Highlights • Revenue growth of 8% to $293.5 million • Profit after tax increases by 37.2% • Strong performance by Western Australian business • Increased volume with CHEP • Organic g g growth in Steel Business • Balance Sheet remains in a strong position with gearing at
Slide 6: HY2013 Results
For personal use only HY2013 Results • East Coast operations continue to experience the effects of the high A$ A$. • On the West Coast we have seen the positive impacts of the mining industry. • Our strong first half performance has been underpinned by the strength of our Western Australian operatio
Slide 7: HY2013 Results
For personal use only HY2013 Results • In Western Australia where Regal Transport enjoyed solid 32% revenue growth based on mining expansion in the Pilbara and Kimberley regions. • With the acquisition of Bunbury based Collare Transport we expect to see further improvement in our timber business bus
Slide 8: Half Year Result
For personal use only Half Year Result Half Year ended 31 December 2012 2011 Variance Revenue ($m) 293.5 271.8 8.0% EBITDA ($m) 29.3 26.6 10.2% EBITDA margin 10.0% 9.8% EBIT ($m) 16.7 14.1 18.4% EBIT margin 5.7% 5.2% Less Net Interest ($m) (2 8) (2.8) (3 7) (3.7) Net Profit Before Tax ($m) 13.9 10.4
Slide 9: 2012 Segment Performance
For personal use only 2012 Segment Performance Australian New Zealand Half Year ended 31 December Transport Fuels Transport Revenue ($m) 252.7 30.8 9.9 EBITDA ($m) 27.2 0.6 1.5 EBITDA margin 10.8% 1.9% 15.2% EBIT ($m) 15.9 0.5 0.3 EBIT margin 6.3% 1.6% 3.0% Less Net Interest ($m) (2.6) ‐ (0.2) Net P
Slide 10: Balance Sheet Summary
For personal use only Balance Sheet Summary As at ($m) 31 December 2012 30 June 2012 Cash and equivalents 14.6 21.0 Receivables 72.1 73.2 Inventories 3.1 2.9 Other 6.7 5.2 • Gearing within target Total Current Assets 96.5 102.3 range at 21.8%. p y, Plant & Equipment Property, q p 229.7 219.4 Intangi
Slide 11: Dividend Summary
For personal use only Dividend Summary • Final dividend of 6.5 cents per share: – Record date for interim dividend is 20 March 2013. – Final dividend payable on 3 April 2013. • DRP remains active with a 2.5% price discount. 11
Slide 12: 10-Year Dividend Payment History
For personal use only 10 Year Dividend Payment History 10-Year 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: Key Customers
For personal use only Key Customers • K&S has a large and diversified customer base. 13
Slide 14: K&S Nationwide
For personal use only K&S Nationwide • K&S operates extensively throughout g Australia and New Zealand. 14
Slide 15: Safety
For personal use only Safety • Safety remains a key part of everything we do at K&S and will be achieved by continuously improving compliance levels by updating, enhancing refreshing the current safety cultural behaviour enhancing, programme. • On the 4 July 2012 Comcare extended our self insurance
Slide 16: Our Safety Target Remains Zero Harm
For personal use only Our Safety Target Remains Zero Harm Lost Time Injury Frequency Rate 80 70 60 50 40 30 20 10 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 YTD 16
Slide 17: Looking Forward
For personal use only Looking Forward • We are currently completing a new 5 year strategy plan. • We will continue to grow the business through: – Organic growth – Tenders – Acquisitions • The outlook for the domestic economy continues to look challenging. g earnings • Providing g gguidance at this
Slide 18: K&S Contacts
For personal use only 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 18