Union Steel Holdings Limited · SGX:ZB9
Union Steel — FY2013 Earnings Presentation
10 slides from Union Steel's earnings presentation, Aug 22, 2013
Slide 1: Union Steel Holdings Limited 4Q & FY2013 Results
UNION STEEL HOLDINGS LIMITED 4Q & FY2013 RESULTS 22 AUGUST 2013 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 Wholly-owned 80% stake subsidiaries currently, will be wholly-owned by FY2014 3
Slide 4: Overview of Financial Performance
Overview of Financial Performance • 4Q2013 revenue up 5.6% to $25.8 million, with gross profit of $5.6 million compared to $2.7 million in 4Q2012 • Gross margin improvement was due to the scaffolding and recycling business segments • Net profit was 247.2% higher at $4.2 million, with $3.8 million at
Slide 5: 4Q2013 and FY2013 Financial Highlights
4Q2013 and FY2013 Financial Highlights (Three months & Twelve months ended 30 June 2013) 5
Slide 6: 4Q2013 Financial Highlights
4Q2013 Financial Highlights 4Q2013 4Q2012 % Change ($ million) ($ million) Revenue 25.8 24.5 +5.6% Gross Profit 5.6 2.7 +106.4% Gross Profit Margin (%) 21.6% 11.0% +10.6 ppts Other Operating Income 4.6 3.9 +18.8% Profit before Tax 5.4 2.9 +87.9% Profit after Tax 4.2 1.2 +247.2% 6
Slide 7: FY2013 Financial Highlights
FY2013 Financial Highlights FY2013 FY2012 % Change ($ million) ($ million) Revenue 91.0 85.1 +7.0% Gross Profit 14.8 8.5 +73.9% Gross Profit Margin (%) 16.2% 10.0% +6.2 ppts Other Operating Income 11.5 10.6 +8.1% Profit before Tax 9.7 5.8 +67.5% Profit after Tax 7.7 4.1 +88.8% EPS (cents) 1.60 0.95
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights 30 Jun 2013 30 Jun 2012 ($ million) ($ million) Current Assets 87.8 76.9 Current Liabilities 44.9 34.9 Total Assets 154.1 142.7 Total Liabilities 64.7 57.0 - Bank Borrowings 50.2 44.1 Total Equity 89.5 85.6 - Shareholders Equity 83.8 76.0 - Non-controlling Interests 5.7 9.6
Slide 9: Outlook & Strategy
Outlook & Strategy • Global economic environment expected to stay subdued, and challenging market conditions will continue to put pressure on margins • On track to complete acquisition of final 20% stake in Hock Ann by FY2014 • Focus on exercising financial prudence while exploring strategic opportu
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