Slide 1: Annual and Special Meeting of Shareholders 2010
1 LD . Group Inc. ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS 2010
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Slide 3: Word of Welcome
WORD OF WELCOME Jean Paschini Chairman of the Board of Directors and Chief Executive Officer
Slide 4: Meeting agenda items
1 Opening of Meeting and Quorum 2 Adoption of Agenda 3 Adoption of Minutes of the 2009 Annual Meeting 4 Auditors’ Report and Adoption of Consolidated Financial Statements 5 Election of Directors 6 Appointment of Auditors 7 Approval and Authorization of Options Not Granted Issuable Under the Stock Op
Slide 5: Agenda
AGENDA Marise Paschini Executive Vice-President, Treasurer and Corporate Secretary Interim Chief Financial Officer
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Slide 8: Management Report
MANAGEMENT REPORT Fiscal Year 2010 Developments and Achievements Pierre Paschini, Eng. President and Chief Operating Officer
Slide 9: Market leadership, disciplined management, strategic investments
#!!$ #!"! • Market leadership • Disciplined management • Strategic investments to strengthen our competitive advantages • Developments for the future
Slide 10: WTC Tower 4 (New York) - $22M
WTC Tower 4 (New York) - $22M Scope of work: • Fabrication of a significant portion of the steel superstructure and heavy built-up components • Supply of steel Challenges: • Oversized transfer trusses measuring 6.1 m x 55.5 m and weighing up to 189 tons each • Complex structural pieces
Slide 11: WTC Transportation Hub (New York) $77M
WTC Transportation Hub (New York) $77M Scope of work: • Design and engineering of connections • Fabrication of oversized built-up components weighing up to 100 tons each • Supply of steel Challenges: • Bridge welding code (“Fracture Critical”) • Complex super lamellar columns • Super heavy transfer
Slide 12: Freedom Tower and its antenna (New York) - $47M
Freedom Tower and its antenna (New York) - $47M Scope of work: • Fabrication of the steel superstructure and and heavy steel components of an important portion of the building • Fabrication of the base and mast of the building’s 133 m antenna Challenges: • Heavy built-up components weighing up to 70
Slide 13: $6M invested to enhance fabrication infrastructure
$6M invested to enhance, optimize and diversify our fabrication infrastructure
Slide 14: Nuclear system qualification
• Qualification complying with the nuclear system requirements in effects in North America • Major investments planned over the next 20 years to refurbish and build nuclear power plants in North America • A potential source of growth for ADF in America and elsewhere in the world
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Slide 16: Revenues
REVENUES Fiscal years ended January 31 (In millions of $)
Slide 17: EBITDA and EBITDA Margin
EBITDA EBITDA MARGIN Fiscal years ended January 31 Fiscal years ended January 31 (In millions of $) (As a % of revenues) " ! " ! "
Slide 18: Net profit margin of 11%
Net profit margin of 11% NET EARNINGS BASIC EARNINGS PER SHARE Fiscal years ended January 31 Fiscal years ended January 31 (In millions of $) (In $) Net tax attributes Net tax attributes ! ! ! !
Slide 19: Available short-term liquidities of $17.4M
As at January 31, 2010, available short-term liquidities of $17.4M WORKING CAPITAL CURRENT RATIO As at January 31 As at January 31 (In millions of $) Liquidities ! !! ! " ! "" # " ! " # $ ! " # $ "
Slide 20: Liquidities Surplus (total net debt)
LIQUIDITIES SURPLUS (total net debt) As at January 31 (In millions of $) " ! " #
Slide 21: Management Report: First Quarter Results and Outlook
MANAGEMENT REPORT Results for the First Quarter Ended April 30, 2010 and Outlook Jean Paschini Chairman of the Board of Directors and Chief Executive Officer
Slide 22: First quarter financial results
. . (In thousands of $, except per-share amounts and margins) 7 $#!"74 644= ('# 5:,;96 " ##" " 9,7<8 / 8,4<4 / "%*% !! ;7; "#0quot;#$ 1 0<51 ") 09:51 "# "$)# !# 7,=<9 / quot;# #" 6,684 / #"#!"#" 4-4:
Slide 23: Current ratio of 5.2:1 and additional financing
• Current ratio of 5.2:1 at April 30, 2010 • Additional financing of US$4.2M to finance recent investments WORKING CAPITAL LIQUIDITIES SURPLUS As at January 31 (total net debt) (In millions of $) As at January 31 Liquidities (In millions of $) ! !
Slide 24: Outlook: profit margins and capital structure
• Upholding of healthy profit margins (targeted market development, disciplined management and judicious investments) • Reinforcement of capital structure (increase in shareholders’ equity and low indebtedness) • Stringent management of liquidities, working capital and risks • Redemption of 2 millio
Slide 25: Well positioned for the next economic recovery
ADF Group is well positioned to take advantage of the next economic recovery ORDER BACKLOG (In millions of $) ! "" " " " " "
Slide 26: Strategic priorities and market niches
• Strengthen ADF’s position in its current market niches in North America (steel superstructures with a high level of complexity and fast-track projects) • Develop our 3rd market niche: fabrication of steel structures for nuclear power plants • Expand our presence into new geographical markets • Mai
Slide 27: Continuous optimization and development
• Continuous optimization of our fabrication infrastructures, processes and methods • Continuous development of our human capital and know-how • Proactive and strict management of all our assets and operations
Slide 28: Contact details
300 Henry-Bessemer Terrebonne, Quebec) J6Y 1T3 Tel.: (800) 263-7560 Fax: (450) 965-8558 infos@adfgroup.com www.adfgroup.com