Union Steel Holdings Limited · SGX:ZB9
Union Steel — Q3 FY2015 Earnings Presentation
10 slides from Union Steel's earnings presentation, Apr 29, 2015
Slide 1: Union Steel Holdings Limited 3Q & 9M 2015 Results
UNION STEEL HOLDINGS LIMITED 3Q & 9M 2015 RESULTS 29 APRIL 2015 1
Slide 2: About Union Steel
About Union Steel Founded in 1984, Union Steel Holdings Limited started operations as YLS Steel Pte Ltd which was involved in the trading of ferrous scrap metal. Today, it is one of the largest metal recycling companies in Singapore in terms of volumes handled. The Group consists of five subsidiary
Slide 3: Group Structure
Group Structure • Metal recycling • Investment company • Trading of structural • Trading of ferrous & steel products non-ferrous scrap (re-bars, steel metals plates, wire rods, • Leasing of steel steel plates, etc) products • Trading of stainless (plates, sheet piles • Collection centre for steel &
Slide 4: Overview of Financial Performance
Overview of Financial Performance • 9M2015 net profit was $848K, despite a $670K loss in 3Q2015 • 3Q2015 revenue was 17.9% lower at $31.0 million, due to lower revenues from the recycling and trading business segments, and decreased contributions from the Malaysia entity • 9M2015 revenue was 4.5% hi
Slide 5: 3Q and 9M2015 Financial Highlights
3Q and 9M2015 Financial Highlights (Three and nine months ended 31 March 2015) 5
Slide 6: 3Q 2015 Financial Highlights
3Q 2015 Financial Highlights 3Q 2015 3Q 2014 % Change ($ million) ($ million) Revenue 31.0 37.7 -17.9% Gross Profit 2.0 3.3 -37.4% Gross Profit Margin (%) 6.6% 8.6% -2.0 ppts Other Income 1.5 1.8 -18.5% Profit before Tax (0.7) 0.9 N.M. Profit after Tax (0.7) 1.1 N.M. Profit after Tax (0.7) 1.0 N.M.
Slide 7: 9M2015 Financial Highlights
9M2015 Financial Highlights 9M2015 9M2014 % Change ($ million) ($ million) Revenue 105.9 101.3 +4.5% Gross Profit 9.2 10.2 -9.9% Gross Profit Margin (%) 8.7% 10.1% -1.4 ppts Other Operating Income 4.4 6.3 -28.7% Profit before Tax 1.1 3.2 -64.7% Profit after Tax 0.8 2.8 -70.1% Profit after Tax 0.8 2.
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights 31 Mar 2015 30 Jun 2014 ($ million) ($ million) Current Assets 87.8 100.6 Current Liabilities 49.8 57.5 Total Assets 155.3 168.3 Total Liabilities 65.5 78.2 - Bank Borrowings 49.6 62.8 Total Equity 89.8 90.1 - Shareholders Equity 89.8 90.1 - Non-controlling Interests - - Cas
Slide 9: Outlook & Strategy
Outlook & Strategy • Overall industry outlook expected to remain challenging with muted steel prices and lacklustre market conditions • Recent strengthening of the US Dollar has added to uncertainty and volatility in the market. • The Group will stay vigilant in managing stockpile levels and exercis
Slide 10: Forward Looking Statements
Forward Looking Statements This presentation and pertaining discussions may contain statements that are forward looking concerning the business and future performance of Union Steel Holdings Limited and its subsidiaries. These statements are based on current conditions and information and involve as
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