Slide 1: MaxiTRANS Industries Limited Half Year Ended 31 December 2011
For personal use only MaxiTRANS Industries Limited Half Year Ended 31 December 2011
Slide 2: Financial Highlights
Financial Highlights For personal use only Sales $M NPAT $M 140 7 120 6 100 5 80 4 60 3 40 2 20 1 0 0 1H10 2H10 1H11 2H11 1H12 1H10 *2H10 *1H11 *2H11 1H12 *Note: Excludes impact of restructuring charges and non-operating gains. 2
Slide 3: 1H12 Overview
1H12 Overview For personal use only • Revenue up 30% on pcp • Order intake up 56% on pcp and 20% up on 2H11 • Strong demand from agriculture and mining & resources • Large orders received – existing and new customers • Strong order bank across all brands • Margin improvement – increased volume, lowe
Slide 4: 1H12 Overview (cont.)
1H12 Overview (cont.) For personal use only • Colrain profit contribution up 111% on pcp • NZ – profit contribution up 716% on pcp - factory completed – business expanding • New MTC factory construction in progress. • Strong operational cash flow – net debt reduced by $6.4M – net debt to equity at 3
Slide 5: Financial Highlights
Financial Highlights For personal use only 1H10 1H11 1H12 % change on $000 $000 $000 1H11 Revenue 124,822 103,115 134,117 +30% Underlying EBITDA 7,223 4,588* 11,612 +153% Underlying NPBT 3,250 1,041* 8,329 +700% Underlying NPAT 2,579 1,020* 6,109 +499% Impairment / Restructuring charges - (1,218) -
Slide 6: Financial Highlights (cont)
Financial Highlights (cont) For personal use only 1H10 1H11 1H12 Change on $000 $000 $000 1H11 Operating cash flow 7,989 4,039 9,678 +140% Net debt 20,230 19,456 3,380 -83% Net debt/equity % 23% 22% 3.5% - EPS (basic) (cents) 1.42 0.56* 3.27 +484% Interim dividend declared 1.00 - 2.00 - (cents) Inte
Slide 7: Parts
Parts For personal use only • Strong wholesale and retail sales growth - revenue up 23% on pcp • Record profit contribution: up 111% on pcp • Strong growth in suspension & tyre sales • Product ranges enhanced: • Consumable products • Safety products • Signage products • Resource sector contract secu
Slide 8: Trailers
Trailers For personal use only • Order intake up 63% on pcp • Unit sales up 31% on pcp • Strong and growing order bank at end 1H12 (up 240% on pcp) • New PBS approved A-Double rigs • Significant fleet orders received. New PBS Approved A-Double B-Triple T-Liner 8
Slide 9: Vans
Vans For personal use only • Order intake up 102% on pcp • Unit sales up 104% on pcp • Strong order bank at end 1H12 (up 142% on pcp) • Major contract delivered New Swing Down Meat Hanger System • Good demand from major fleets • New meat carrying model developed. Major Contract 9
Slide 10: Tippers
Tippers For personal use only • Order intake up 66% on pcp • Unit sales equal pcp • Strong order bank at end 1H12 (up 162% on pcp) • Enquiry rate building in resource sector • Very strong agricultural demand • New PBS approved truck and dog models. B-Double Stag for grain cartage 10
Slide 11: New Zealand
New Zealand For personal use only • Profit contribution up 716% on pcp • Unit sales up 130% on pcp • Strong order bank • New factory completed November 2011 • New products developed • Strong orders for new locally made Freighter range. The New Auckland Factory 11
Slide 12: MTC – Yangzhou, China
MTC – Yangzhou, China For personal use only • Operating at or near capacity in existing factory despite soft market • New, larger factory due for completion 1H13 • Well positioned to capitalise on anticipated market growth Artist’s impression of new factory 12
Slide 13: Joint Ventures
Joint Ventures For personal use only Freighter Maxi-CUBE Qld (36.67%): • Profit contribution up 27% on pcp • Unit sales up 61% on pcp Carrying Gas Pipes Qld 13
Slide 14: Outlook FY12
Outlook FY12 For personal use only • Commencing 2H12 with a strong order bank • Order enquiry and quotation activity remains strong • Expect continued demand from resources and agriculture • Possible negative effect of recent Qld/NSW floods • Growth constrained by skilled labour availability • Colra
Slide 15: For personal use only
For personal use only 15