Sims Ltd. · ASX:SGM

Sims — Sims Metal Management — H1 FY2009 Earnings Presentation

16 slides from Sims's earnings presentation, Feb 19, 2009

  1. Slide 1: Financial Results for the Half Year Ended 31 December 2008

    For personal use only FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2008 Right. Now. Sims Metal Management Limited ASX Code: SGM NYSE Code: SMS Dan Dienst, Group CEO Rob Larry, Group CFO 19 February 2009

  2. Slide 2: Disclaimer

    Disclaimer For personal use only This presentation for Sims Metal Management Limited (‘Sims” or the “Company”) is designed to provide a high level overview of aspects of the operations of Sims. The material set out in the presentation is current as of 19 February 2009. The presentation may contain f

  3. Slide 3: Highlights

    Highlights „ Sales revenue of $5.58 billion up 104% on HY08 For personal use only „ EBITDA of $254.1 million up 3% on HY08 „ Net income of $93.6 million before non-cash goodwill impairment charge (loss of $79.4 million after charges), in line with previous guidance after taking into account: – Recen

  4. Slide 4: Financial Overview

    Financial Overview For personal use only HY09 HY08 Change (%) Sales Revenue ($m) 5,575.8 2,727.1 104 EBITDA ($m) 254.1 246.9 3 EBIT ($m) (0.7) 207.9 (100) NPAT ($m) (79.4) 139.4 (157) EPS (cents) (43.9) 109.8 (140) ROCCE (%) (annualised) (pre-goodwill 8.7 20.6 impairment) ROE (%) (half year) (pre-go

  5. Slide 5: Sales Revenue by Region

    Sales Revenue by Region For personal use only HY 2009 HY 2008 12.2% 11.9% 29.7% 20.1% North America Australasia Europe 75.9% 50.2% Change „ North America revenues up 209% on HY08 due $m HY09 HY08 (%) to the merger with Metal Management „ Europe revenues up 20% on HY08 North America 4,231.2 1,370.1 2

  6. Slide 6: EBIT by Region (pre-goodwill impairment)

    EBIT by Region (pre-goodwill impairment) $200 $186.5 For personal use only $150 $111.0 $100 ($m) $69.3 HY 2008 $27.3 HY 2009 $50 $27.6 $0 North America Australasia Europe -$50 -$41.5 „ North America EBIT in HY09 includes $69 $m HY09 HY08 Change (%) million of inventory adjustments and $22 million of

  7. Slide 7: EBIT By Product

    EBIT By Product (pre-corporate costs and goodwill impairment) $250 For personal use only $220.5 $200 $150 HY 2008 ($m) $89.3 $100 HY 2009 $68.2 $27.6 $37.1 $43.1 $50 $15.8 $9.9 $13.8 $6.6 $0 g ge g ge f. s ra d in e ra ra d in e ra a nu t ion -$12.6 -$50 F eT ro k FT ro k /M o lu B N B es gS Fe -$42

  8. Slide 8: Intake Volumes

    Intake Volumes HY 2009 For personal use only HY 2008 27.2% 30.9% Ferrous Shredded (incl. 30.3% NFSR) Other Processed Ferrous Ferrous Brokerage 23.0% 3.6% 4.2% 0.4% 1.2% NF Trading/Brokerage Other 38.5% 40.7% Total Tonnes (‘000) HY09 HY08 Change (%) Ferrous Shredded (incl. NFSR) 2,525.3 1,867.3 35 Ot

  9. Slide 9: Sales Volumes

    Sales Volumes HY 2009 HY 2008 For personal use only 27.6% 30.7% Ferrous Shredded (incl. NFSR) Other Processed Ferrous 30.4% 20.7% 3.8% 3.4% Ferrous Brokerage 1.1% 2.4% NF Trading/Brokerage Other 37.5% 42.4% Total Tonnes (‘000) HY09 HY08 Change (%) Ferrous Shredded (incl. NFSR) 2,688.7 1,988.3 35 Oth

  10. Slide 10: Group Income Statement

    Group Income Statement For personal use only $m HY09 HY08 Change Change (%) Sales Revenue 5,575.8 2,727.1 2,848.7 104 EBITDA 254.1 246.9 7.2 3 EBIT pre-goodwill impairment 172.3 207.9 (35.6) (17) EBIT after goodwill impairment (0.7) 207.9 (208.6) (100) Net Interest Expense (12.9) (16.5) 3.6 (22) Tax

  11. Slide 11: Group Balance Sheet

    Group Balance Sheet For personal use only As at 31 As at 30 $m Dec 2008 June 2008* Change Change (%) Current Assets 1,138.1 2,014.5 (876.4) (44) Non-current Assets 3,262.7 2,639.2 623.5 24 Total Assets 4,400.8 4,653.7 (252.9) (5) Current Liabilities 566.4 1,227.6 (661.2) (54) Non-current Borrowings

  12. Slide 12: Group Cash Flow

    Group Cash Flow For personal use only Change $m HY09 HY08 Change (%) Net Cash Inflow / (Outflow) from Operations 541.6 (77.4) 619.0 800 Net Payment for Property, Plant & (110.1) (44.6) (65.5) 147 Equipment Acquisitions (67.8) (29.8) (38.0) 128 Other 3.2 46.1 (42.9) (93) Cash Inflows/(Outflows) from

  13. Slide 13: North America Regional Results

    North America Regional Results For personal use only HY09 HY08 Change (%) Sales Revenue ($m) 4,231.2 1,370.1 209 EBITDA ($m) 245.7 130.4 88 EBIT ($m) (pre-goodwill impairment) 186.5 111.0 68 Assets ($m) 3,413.1 1,075.9 217 Employees 3,517 2,629 34 Sales margin (%) 15.2 17.3 ROCCE (%) (pre-goodwill i

  14. Slide 14: Australasia Regional Results

    Australasia Regional Results For personal use only HY09 HY08 Change (%) Sales Revenue ($m) 683.7 807.9 (15) EBITDA ($m) 37.1 77.4 (52) EBIT ($m) 27.3 69.3 (61) Assets ($m) 434.4 463.8 (6) Employees 1,052 1,387 (24) Sales Margin (%) 17.2 19.2 ROCCE (%) 9.7 20.5 14

  15. Slide 15: Europe Regional Results

    Europe Regional Results For personal use only HY09 HY08 Change (%) Sales Revenue ($m) 660.9 549.1 20 EBITDA ($m) (28.7) 39.1 (173) EBIT ($m) (41.5) 27.6 (250) Assets ($m) 553.3 572.0 (3) Employees 1,426 1,226 16 Sales margin (%) 19.3 28.0 ROCCE (%) (10.4) 7.5 15

  16. Slide 16: Right. Now.

    For personal use only Right. Now.

Sims Metal Management — H1 FY2009 Earnings Presentation on 6ix