23 slides from Rectifier Technologies's shareholder meeting presentation, Nov 14, 2008
Slide 1: AGM Presentation
For personal use only AGM Presentation 14 November 2008
Slide 2: Disclaimer
For personal use only Disclaimer •This document is not a Prospectus nor an Offer to Subscribe for Shares •RT Ltd and its subsidiaries (“RT”) makes no representations or warranty (expressed or implied) as to the accuracy, reliability or completeness of this document. RT and its respective directors,
Slide 3: Review of 2007/8
Review of 2007/8 For personal use only • Full year loss of $276K on revenue of $11.04M • Previous year loss of $3.18M on revenue of $9.38M • Second half impacted by US slowdown • Significantly improved margins • Overhead costs contained • No “unusual” items
Slide 4: Review of 2007/8
Review of 2007/8 For personal use only • Healthy product sales growth both domestically and internationally • Licencing business all but gone • Continued strong UK performance • RTM operating very efficiently
Slide 5: Funding in 2006/7
Funding in 2006/7 For personal use only • “Essentially” cash neutral • Better margins, growth, trade payment terms and debtor financing • No new equity or debt needed! • Continued profitable growth the key to stronger cash performance
Slide 6: For personal use only
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Slide 7: Sales Activities
For personal use only Sales Activities
Slide 8: Evolution of products and business growth
Innovative Systems Evolution For personal use only Products 2020 Licencing 2010 2005 Business growth 2000 1995 1990 Time
Slide 9: Standardisation Across Group
Standardisation Across Group For personal use only Regional Sales Presence Technology Transfer in Group Simultaneous Growth all Regions Intelligent Sales Tools Smart Products
Slide 10: Our Strategic Position
Our Strategic Position For personal use only • Utilities – Power and Water • Industrial – Mining, Oil and Gas • Rail – Infrastructure and Comms • Telecommunications
Slide 11: For personal use only
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Slide 12: Operations
For personal use only Operations
Slide 13: RT Group
RT Group For personal use only Protran Rectifier Rectifier Rectifier Subsidiary Technologies Pty Technologies Technologies (M) Technologies Ltd Pacific Pty Ltd Sdn Bhd (UK) Ltd Acquired Nov 1998 Dec 1999 Aug 2004 Nov 2006 Location Blackburn North, Blackburn North, Johor Bahru, Cambridge, United Aust
Slide 14: Operations
Operations For personal use only • Protran - improved productivity - sales increasing - product migration to RTM • RTP - stronger local demand - lead time reductions
Slide 15: Operations
Operations For personal use only • RTM - new GM mid-2007 - reduced lead times - improved cash flow - improved product quality • RT-UK – solid profitability - healthy margins - continuing rail contract
Slide 16: For personal use only
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Slide 17: Technology
For personal use only Technology
Slide 18: Leveraging Designs – Rectifiers
Leveraging Designs – For personal use only Rectifiers • Common power train design – Refined over five generations – High reliability – High commonality of parts – Low manufacturing costs • Flexible and Configurable – Product variants in days instead of months • Opens new markets – Product advancemen
Slide 19: Leveraging Designs – Controllers
Leveraging Designs – For personal use only Controllers • New platform – Enhanced hardware – Portable software – Higher reliability – Lower manufacturing costs • Flexible and Configurable – Customizable in hours instead of days • By Sales / Applications Engineers instead of Design Engineers – Easily
Slide 20: Return On Investment
Return On Investment For personal use only • Formalized estimations before starting a project – Market requirements and competition – Unit cost, market price, and margin – Design, start-up, and ongoing costs • Ranking opportunities and choosing high return projects • Earning revenue on design as wel
Slide 21: For personal use only
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Slide 22: Outlook
Outlook For personal use only • Growth, growth, growth! • Transition from technology focus to a sales focus without losing technical edge • Current domestic initiatives • New opportunities overseas • Product cost reductions • Overhead management • New CEO
Slide 23: Any Questions?
For personal use only Any Questions?