Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — CMI — Shareholder Meeting (November 2012)
22 slides from Excelsior Capital's shareholder meeting presentation, Nov 30, 2012
Slide 1: AGM Presentation
AGM Presentation 30 November 2012 BRISBANE Colin Ryan AM EXECUTIVE CHAIRMAN
Slide 2: Disclaimer
Disclaimer This document, and any constituent or associated presentation, information or material (collectively, the Material), is not (and does not form part of) an offer, solicitation, invitation or recommendation in respect of any securities and neither the Material nor any part of it will form t
Slide 3: Presentation Overview
Presentation Overview 1. Corporate Profile 2. Full Year 2012 3. September 2012 Quarter 4. Outlook 5. Formal Business Page 3
Slide 4: Corporate Profile
Corporate Profile ASX Code (listed since April 1993) CMI Share Price (27 Nov 2012) $1.69 Issued Capital - Shares 33.8M - Options 0.6M Market Capitalisation $57.0m Cash (30 June 2012) $5.6m Debt (30 June 2012) $7.8m Net Debt (30 June 2012) $2.2m 12 Month High / Low $2.45 / $1.33 2.6 Board and Senior
Slide 5: Highlights FY2012
Highlights FY2012 • Revenue – 19% growth for Electrical • Group NPAT up 10% before impairment of loan receivable $9.3m • Cashflow from operations – $9.6m after $3.9m increase working capital • Net debt of $2.2m • Dividend – no dividend declared • Impairment of Industrial receivable – reduced from $9
Slide 6: Financial Performance
Financial Performance Non-recurring financial items FY2012: Revenue – Interest income on cash deposit 120,000 (paid out - buyback) $0.8m 100,000 80,000 – Interest income on Industrial $'000 60,000 receivable (in receivership) $0.8m 40,000 – Impairment receivable $9.3m 20,000 – Legal expenses – Class
Slide 7: Financial Performance: FY2012 Profit Summary
Financial Performance FY2012 Profit Summary Electrical TJM Corp FY2012 $'000 $'000 $'000 $'000 Revenue 73,759 39,491 1,647 114,897 EBITDA 21,778 2,237 (1,557) 22,457 EBITDA margin % 30% 6% 20% EBIT 21,546 1,039 (1,560) 21,024 Operating PBT 21,540 1,020 (1,719) 20,841 Tax (6,246) Operating NPAT 14,59
Slide 8: Electrical Division
Electrical Division • Formed in 1998, distributes and Revenue manufactures industrial electrical 80,000 70,000 products. 60,000 • Sourcing and supply of plugs, couplers, 50,000 $'000 40,000 high voltage cables, flexible cables and 30,000 manufacture of speciality electrical 20,000 cables . 10,000 -
Slide 9: TJM Products Division
TJM Products Division • Established in 1973. Revenue 45,000 • Designs, distributes and 40,000 manufactures accessory products 35,000 30,000 for 4WD and light commercial $'000 25,000 vehicles. 20,000 15,000 • Provides products to: 10,000 5,000 • Australian aftermarket 46%; - 2010 2011 2012 • Exports
Slide 10: Quarterly Update September 2012 & Outlook
Quarterly Update September 2012 & Outlook Page 10
Slide 11: September 2012 Quarter
September 2012 Quarter • Group revenue is up 4% on first quarter prior year: – Electrical revenue – in line with first quarter prior year; and – TJM revenue - 13% up on first quarter prior year. • EBIT from operating divisions in line with first quarter prior year. • Corporate - costs in line with f
Slide 12: Outlook - Electrical
Outlook ‐ Electrical • The first quarter was in line with the prior year in revenue and earnings. • CMI continues to monitor the effect of the coal price on the coal mining industry. Whilst coal prices remain low, there will be challenges to the profitability and expansion of the underground coal in
Slide 13: Outlook - TJM
Outlook ‐ TJM • Sales growth in new 4WD & light commercial vehicles is expected to continue. • Continuing improvements in new design time to market. • Supply chain & logistics transformation. • Investment in online – new website launch this quarter. • Re-investment in improving our organisational ca
Slide 14: Group Outlook
Group Outlook • As stated previously, in February 2011 guidance and in this year’s Annual Report, the dividend policy will be reviewed after the June 2013 year. The boards intention, if earnings remain consistent, is to commence dividends based on the 2013 year. • A long term performance rights ince
Slide 15: Formal Business
Formal Business Page 15
Slide 16: Financial Report
Formal Business Financial Report The receive and consider the financial report of the Company and the reports of the Directors and Auditors for the year ended 30 June 2012. Page 16
Slide 17: Remuneration Report
Formal Business Remuneration Report Resolution 1. To consider and, if thought fit, pass the following as a non-binding ordinary resolution: ‘That the Company’s Remuneration Report for the financial year ended 30 June 2012 is approved.’ Proxies Received Voted % For 1,735,425 45.51 Against 1,756,080 4
Slide 18: Election of Directors
Formal Business Election of Directors Resolution 2. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That Mr Danny Herceg, retiring by rotation in accordance with Rules 16.1 and 16.2 of the Constitution, and being eligible for re-election, is re-elected as a Director.’
Slide 19: Performance Rights Plan
Formal Business Performance Rights Plan Resolution 3. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That for the purpose of ASX Listing Rule 7.1, and in accordance with ASX Listing Rule 7.2 (Exception 9), and for all other purposes, the issue of securities under the
Slide 20: Issue of Performance Rights
Formal Business Issue of Performance Rights Resolution 4. To consider and, if thought fit, pass the following as an ordinary resolution: ‘That for the purpose of ASX Listing Rule 10.14 and for all other purposes, the issue of 500,000 Performance Rights to Mr Colin Ryan under the Company's Performanc
Slide 21: Adoption of New Constitution
Formal Business Adoption of New Constitution Resolution 5. To consider and, if thought fit, pass the following as a special resolution: ‘That the Constitution of the Company tabled at the AGM and signed by the chair of the AGM for the purpose of identification, is approved and adopted as the Constit
Slide 22: Thank you for your attendance
Thank you for your attendance Page 22