Slide 1: MaxiTRANS Industries Limited Review Year Ended June 2007
For personal use only MaxiTRANS Industries Limited Review Year Ended June 2007
Slide 2: Financial Highlights
Financial Highlights For personal use only F2004 F2005 F2006 F2007 % Change $000 $000 $000 $000 on F2006 Sales 158,928 223,177 223,177 244,960 236,553 (3.4) EBITDA 17,731 22,079 21,941 20,088 18,180 (9.5) EBIT 13,115 16,343 17,414 14,697 12,909 (12.2) NPBT 11,606 14,036 15,107 11,772 9,800 (16.8) Si
Slide 3: FY07 Overview
FY 07 Overview For personal use only • Difficult operating environment •Trailer market subdued 1H07 •Drought (Lusty EMS, Hamelex White, Colrain) •NZ trailer market down 22% on pcp • Operational underperformance – Colrain - Hamelex White - Peki • Deferral of major contracts • Delay in release of new
Slide 4: Vans
Vans For personal use only •Unit sales equalled prior year record •Advance van tripled sales on pcp •Advance now 38% of Maxi-CUBE van sales •Strong order bank. Advance Road Train NT
Slide 5: Vans
Vans For personal use only •Unit sales equal to pcp •Revenue down 15% on pcp due to product mix •Operational and HR issues •New Sales Manager and sales team •New Operations Manager. Toll Edwards van for Bass Strait route
Slide 6: Trailers
Trailers For personal use only •Unit sales down 18% on pcp - subdued first half •Commencing F08 with a very strong order bank •New EziLiner model − positive reception in field trials − patent protected. New EziLiner model
Slide 7: Tippers
Tippers For personal use only • Strong performance in a very difficult year • Severely impacted by drought • Unit sales consistent with prior year • Recent rains lifting order intake substantially • New models: - Multi-Loader - Walking Floor. New Multi-Loader
Slide 8: Tippers
Tippers For personal use only • Operational and sales under-performance – 1H 07 • Severely impacted by drought – FY 07 • New management and sales team – 2Q 07 • Order intake doubled in 2H 07 vs. 1H 07 • Record order intake in 3Q 07 • Exceeded unit sales budget in 2H 07.
Slide 9: Tippers (cont.)
Tippers (cont.) For personal use only • Major capex projects ($2.6m) •CNC milling machine: installed •Plasma Plate Cutter: installed •Plate Router: 2Q 08 •Robot Weld Cell: 4Q 08 Plasma Plate •Penrith manufacturing facility closed – March 07 Cutter •Strong Order Bank.
Slide 10: Colrain
Colrain For personal use only • Performance impacted by: •Drought •Execution issues •Delayed release of new suspension range.
Slide 11: Colrain (cont.)
Colrain (cont.) For personal use only • Closed 2 retail outlets • Market conditions improving / rainfall • Wholesale expanding – reseller programme • New products coming on stream • Management team restructured • CS suspension range expected 3Q 08 • Cost base reduced. New Products
Slide 12: New Zealand
New Zealand For personal use only • Subdued market down 22% on pcp • Sales of trailers and vans impacted by market conditions • Improving order book – to November • Significant turnaround forecast for FY 08. NZ made Rigid Body Reefer
Slide 13: Joint Ventures
Joint Ventures For personal use only Freighter Maxi-CUBE Qld (MXI 36.67%): • Record earnings contribution following record pcp (+4% on record pcp) MTC – China (MXI 50%): • Record earnings contribution (+19% on record pcp).
Slide 14: Outlook F2008
Outlook F2008 For personal use only •Rainfall – improved outlook for rural sector • Lusty EMS • Hamelex White •Strong order banks – all trailer brands •Macro economic indicators remain positive for FY 08 •Strengthened management teams •Capex program – Hamelex White •Colrain – revenue growth / costs
Slide 15: For personal use only
For personal use only