Saunders International Limited · ASX:SND
Saunders International — H1 FY2016 Earnings Presentation
23 slides from Saunders International's earnings presentation, February 2016
Slide 1: Half Year Results 2016
© SAUNDERS INTERNATIONAL HALE YEAR RESULTS 2016 INNOVATION|EXCELLEN owTH ff PRESENTED BY MARK BENSON MANAGING DIRECTOR & CEO
Slide 2: Agenda
AGENDA Slide 3 - Company Overview Slide 13 - Geographical Revenue Distribution Slide 4 - Corporate Snapshot Slide 14 - Key Projects Slide 5 - Shareholder Return - Stolthaven, Newcastle - Port Bonython, South Australia Slide 6 - Financial Performance - BP Terminal Conversion, Brisbane Slide 7 - Highl
Slide 3: Company Overview
C O M PA N Y O V E R V I E W Saunders International is a multi-disciplined and integrated Saunders operates from three divisions, the Engineering Construction engineering and construction business. We are one of group, the Facility Maintenance group and the Asset Services group. Australia’s most exp
Slide 4: Corporate Snapshot February
C O R P O R AT E S N A P S H O T F E B R U A R Y 2 0 1 6 Share Price Performance & Volume as at 19/02/2016 PRICE A$0.55 ASX CODE SND SHARES ISSUED 79M OPTIONS - M ARKET CAP A$43M CASH A$18.5M TOP 2O 68% SHAREHOLD ER S NO. OF 957 (approx.) SHAREHOLD ER S SUB STANT IA L Desmond Bryant – 28.3% SHAREHOL
Slide 5: Shareholder Return
SHAREHOLDER RETURN MARKET CAPITALISATION - $M BASIC EARNINGS PER SHARE - CENTS DIVIDENDS - CENTS PER SHARE FY H1 FY H1 FY H1 9 64 6 6 58 5 5 45 46 4.16 3.55 4 3.47 4 4 3.03 3 22 1.78 3 3 2 2 2 2 1 1 12 13 14 15 16 12 13 14 15 16 11 12 13 14 15 16 Interim Dividend Final Dividend Special Dividend 5
Slide 6: Financial Performance
FINANCIAL PERFORMANCE 31 DECEMBER 2015 31 DECEMBER 2014 HALF YEAR $000 HALF YEAR $000 Revenue $20,640 $24,193 Net profit before tax $2,007 $3,884 Net profit after tax $1,396 $2,723 Net profit % 6.8% 11.3% Return on equity % 7.4% 15.8% Basic earnings per share 1.78c 3.47c Work in hand 22M 34M 6
Slide 7: Highlights FY16 H1
HIGHLIGHTS FY16 H1 • Safety performance continues to improve with our TIFR down by 50% • Environmental AS14001:2004 Accreditation • Winning three of the largest tank construction & maintenance projects in 2014 - 2015, in a competitive market: – Stolthaven, Newcastle – Port Bonython Fuels, South Aust
Slide 8: Operating Results
O P E R AT I N G R E S U LT S REVENUE - $M NPBT - $M NPAT - $M FY H1 FY H1 FY H1 4.6 4 3.9 33.1 3.4 3.2 28.5 2.8 2.7 24.2 2.4 23.3 20.6 2 1.4 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 8
Slide 9: Balance Sheet
BALANCE SHEET BALANCE SHEET ($M) 31 DECEMBER 2015 30 JUNE 2015 Assets Cash 18,632 17,874 Trade receivables 2,996 5,014 Plant & equipment 1,877 1,992 Deferred tax assets 833 993 Others 640 804 Total Assets 24,978 26,677 Liabilities Payables 5,076 4,819 Tax liabilities 432 107 Provisions 2,300 2,836 T
Slide 10: Review of Operations
R E V I E W O F O P E R AT I O N S 10
Slide 11: Maintenance Operations
M A I N T E N A N C E O P E R AT I O N S FY16 H1 Revenue $10.2M REVENUE $M Performance Highlights 15.4 • BP Bulwer terminal conversion • Viva Clyde terminal conversion • Kwinana refinery maintenance 10.2 • Executed general maintenance work for current clients • Operating in multiple states NSW, QLD,
Slide 12: Engineering Construction Operations
E N G I N E E R I N G C O N S T R U C T I O N O P E R AT I O N S FY16 H1 Revenue $10.2M Performance Highlights REVENUE $M • Stolthaven Newcastle terminal • Port Bonython fuels terminal 10.2 • Operating in multiple states NSW, QLD, SA 8.5 Opportunities • New terminal construction 50% • Expansion of e
Slide 13: Geographical Revenue Distribution for the Half Year
GEOGRAPHICAL REVENUE DISTRIBUTION FOR THE HALF YEAR VIC 4.21% SA NSW34.51% 31.27% QLD 23.69% VIC 4.21% QLD 4.06% NT 0% WA 8.21% WA SA 32.62% 37.16% TAS 0% VIC QLD NT WA TAS SA NSW 13
Slide 14: Key Projects
CO SAUNDERS INTERNATIONAL
Slide 15: Stolthaven Newcastle
S T O LT H A V E N N E W C A S T L E Stolthaven Diesel Storage Facility Stage 2 • 2 x 36.0m dia x 17.6m high • Column supported cone roof diesel tanks 15
Slide 16: Port Bonython South Australia
PORT BONYTHON SOUTH AUSTRALIA Port Bonython Fuels Terminal Project • 3 x 42.0m dia x 20.4m high • Column supported cone roof diesel tanks 16
Slide 17: BP Brisbane Terminal Conversion
BP BRISBANE TERMINAL CONVERSION BP Bulwer Island Tank Refurbishment & Upgrade Project • 4 x dome roof tanks in various sizes • 1 x cone roof tank • Requiring inspection, scope, refurbishment, testing & painting 17
Slide 18: Viva Clyde (Three Tank Maintenance Package)
V I V A C LY D E ( T H R E E TA N K M A I N T E N A N C E PA C K A G E ) VIVA, Clyde • Clean & gas free tanks in preparation for hot work • Repair works on each tank for compliance with API650/653 • Installation of aluminium geodesic roofs • Protective coating of each tank 18
Slide 19: Our People
OUR PEOPLE Our people are the distinguishing difference in Safety our success on all our projects. Our long tradition of self performing these projects with our own permanent • Our Total Injury Frequency Rate (TIFR) workforce continues to drive innovation and reduced 50% excellence at all levels of
Slide 20: Strategy
S T R AT E G Y Strategic Objectives • Build the foundation for future growth • Provide direct services to clients as an EPC contractor (Engineer, Procurement, Construction) & multi discipline project execution • Diversify our engineering construction business • Pursue structural mechanical & piping
Slide 21: Outlook
OUTLOOK • Backlog steady at $22M (doesn’t include preferred contractor status of +$10M in maintenance contracts) • Live tenders up from $78M to $110M • Project pipeline (yet to be tendered) up from $115M to $170M • Shortlisted on major EPC terminal project • Increased industry activity of feasibilit
Slide 22: Disclaimer
DISCLAIMER IMPORTANT NOTICE This presentation has been prepared by Saunders International Limited (“Saunders”) You should not act or refrain from acting in reliance on this presentation material. as a summary of the Company and its operations and for general information This overview of Saunders doe
Slide 23: Mark Benson
MARK BENSON Managing Director & Chief Executive Officer P (02) 9792 2444 E mbenson@saunders-international.com.au 271 Edgar Street, Condell Park NSW Australia 2200 Saunders International Limited ABN 14 050 287 431 saunders-international.com.au | @ OSAUND a > ERS
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