Washington H. Soul Pattinson And Company Limited · ASX:SOL
Washington H. Soul Pattinson And — H1 FY2008 Earnings Presentation
12 slides from Washington H. Soul Pattinson And's earnings presentation, Mar 27, 2008
Slide 1: Review of Operations Half Year Ended 31st January 2008
For personal use only WASHINGTON H. SOUL PATTINSON & CO. LIMITED Review of Operations Half Year Ended 31st January 2008
Slide 2: Group Performance
Group Performance For personal use only Consolidated results half year ended 31 January 2008 Group profit after tax and non regular items increased 17.1% ($6.6M) to $45.4M Group profit after tax and before non regular items decreased 3.2% ($1.5M) to $44.0M Fully franked interim dividend increased by
Slide 3: Group Performance: Interim Dividends
Group Performance For personal use only Interim Dividends (cents per share) 11.0 11.5 12.0 10.0 8.0 Cents 2004 2005 2006 2007 2008
Slide 4: Share Portfolio: Group
Investments For personal use only Share Portfolio Group (excluding subsidiaries & associates) • Volatility of Australian equities market • Members’ share of decrease in market value $138.6M • $81.9M applicable to the strategic investment in Arrow Energy.
Slide 5: Share Portfolio: Holding Company
Investments For personal use only Share Portfolio Holding Company (including subsidiaries & associates) • Market value of portfolio $2.4 billion ($2.8 billion @ 31st July 2007) • $9.4M invested in equity market during the period • Proceeds from disposals totalled $12.2M (cash & shares) • Gains on di
Slide 6: Share Portfolio: Holding Company Dividends Received
Investments For personal use only Share Portfolio Holding Company – Dividends Received • Ordinary dividends excluding subsidiaries and associates up $11.6M / 17.1% • Special dividends down $2.2M.
Slide 7: Associated Entities: Brickworks Limited
Investments For personal use only Major Associated Entities Brickworks Limited • Normalised profit after tax $40.3M up 9.7% • Result demonstrates benefit of diversification • Land & Development division EBIT up 102.3% • Fully franked interim dividend up 4.2% to 12.5 cents per share.
Slide 8: Associated Entities: API
Investments For personal use only Major Associated Entities API (Australian Pharmaceutical Industries Limited) • New financial year 1 September to 31 August • 4 months to 31 August 2007 - Revenue up by 7.8% - EBITD $17.2M - After tax loss $2.6M (losses from Associates $5.6M) • Alphapharm distributio
Slide 9: Controlled Entities: New Hope Corporation
Investments For personal use only Major Controlled Entities New Hope Corporation • Profit after tax from operations up 9.4% • Total profit after tax down by $3.5M (2007 one-off gain on sale of land $6.6M) • Fully franked interim dividend of 2.25 cents per share declared • Increased tonnages and stro
Slide 10: Controlled Entities: SP Telemedia Limited (SPT)
Investments For personal use only Major Controlled Entities SP Telemedia Limited (SPT) • Profit from continuing operations after tax $2.5M • Result affected by one-off items • Merger with TPG Holdings Ltd (subject to shareholder approval) • Fully franked special dividend of 2.4 cents per share decla
Slide 11: Controlled Entities: KH Foods Limited
Investments For personal use only Major Controlled Entities KH Foods Limited • Losses continued albeit smaller • Trading loss down to $4.8M from $14.0M last year • Divestment & head office closure losses $1.4M • Impairment of assets $2.8M • 2 businesses divested during the half year • Remaining busi
Slide 12: A Diversified Investment House
Washington H Soul Pattinson & Company Limited For personal use only “A Diversified Investment House” WHSP – Investments & Share Portfolio API – Wholesale & Retail Pharmaceuticals Brickworks – Brick & Tile Manufactoring Clover – Food Technology New Hope – Coal SPT – Telecommunications PCP - Merchant
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