Brambles Limited · ASX:BXB
Brambles — FY2013 Earnings Presentation
88 slides from Brambles's earnings presentation, August 2013
Slide 1: Investor Information Pack
Investor Information Pack August 2013
Slide 2: Contents
Contents Company Overview Slide 3 Pooling Solutions Overview Slide 7 Pallet Pooling Models Slide 24 FY13 Results Presentation Slide 29 Contacts Slide 86 2
Slide 3: Company Overview
Brambles Company Overview
Slide 4: Company profile
Company Overview Company profile • Leading global provider of supply-chain equipment pooling solutions through CHEP and IFCO brands • Operations in more than 50 countries • Approximately 18,500 employees • Net assets of US$3,025M at 30 June 2013 • Owner and operator of Recall information management
Slide 5: Three primary brands
Company Overview Three primary brands • Global leader in pallet, crate and • Acquired by Brambles effective • A leader in the management container pooling services 31 March 2011 of information throughout its lifecycle • Partners with customers to • World’s leading provider develop pooling solutions
Slide 6: Key dates in Brambles' history
Company Overview Key dates in Brambles’ history November 2011 1950 Australian Government takes CHEP Aerospace Solutions ownership of Commonwealth Handling launches after Brambles acquires 2006 Brambles March 2011 Equipment Pool (CHEP), a collection JMI Aerospace and Driessen sells waste Brambles acq
Slide 7: Pooling Solutions Overview
Brambles Pooling Solutions Overview
Slide 8: Customer and product matrix
Pooling Solutions Overview Customer and product matrix Business RPCs Pallets Containers segment Auto IBCs ULDs CCCs crates Customer Fresh food Consumer goods General Auto- Aero- Chem solution manufacturing motive space -ical Global expertise & solutions delivery 8
Slide 9: Equipment pooling products
Pooling Solutions Overview Equipment pooling products Pallets RPCs Containers Aerospace Intermediate Bulk Catalyst & Chemicals Automotive 9
Slide 10: Customer value proposition
Pooling Solutions Overview Customer value proposition Consistent quality Availability Reduced product damage Elimination of equipment purchases, exchange and repair Reduced transportation and handling Competitive pricing Improved employee and customer safety Environmental sustainability 10
Slide 11: Common approach to strategy
Pooling Solutions Overview Common approach to strategy Theme Actions Diversification • Enter and strengthen position in new segments • Diversify product and service portfolio • Leverage innovation and know-how across business Cost Leadership • Deliver lowest total cost solution for customer • Standa
Slide 12: Strategy on a page
Pooling Solutions Overview “Strategy on a page” Distinctive capabilities/right to play Geographic Established Customer Intellectual Network & Financial position footprint brands relationships property systems Enter Strategic sweet spot Compete Anchor customers • Common platform used by multiple part
Slide 13: Integrated supply chains
Pooling Solutions Overview Integrated supply chains 13
Slide 14: Specialty supply chains
Pooling Solutions Overview Specialty supply chains 14
Slide 15: Compelling growth pipeline: penetration and growth by segment
Pooling Solutions Overview Compelling growth pipeline Penetration and growth by segment 35 30 $18.7B 1H12 growth rate (%) 25 (1%) 20 $6.3B 15 (11%) 10 5 $9.6B (34%) 0 -5 0.5Horizon 1 Horizon 2 Horizon 3 Pallets RPCs Containers Note: Pallets data shows Brambles’ estimate of FMCG standard-size pooling
Slide 16: FY13 pooling revenue by segment
Pooling Solutions Overview FY13 pooling revenue by segment (US$M) 326 813 Constant FX growth vs. FY12 Pallets – Americas 8% Americas, 2,206 Pallets – EMEA 5% Asia-Pacific, 392 Pallets - Asia-Pacific 5% RPCs 10% Containers 20% EMEA, 1,347 16
Slide 17: Product expansion progress
Pooling Solutions Overview Product expansion progress Pooling Solutions sales revenue by segment FY09 FY13 Medium-term potential 6% 6% 10% 5% 16% 20% 70% 78% 89% Pallets RPCs Containers Note: forecasts subject to unforeseen circumstances and economic uncertainty 17
Slide 18: Pallets - addressable opportunity by region
Pooling Solutions Overview Pallets - addressable opportunity by region 47% 48% 66% 11% 16% 6% 42% 36% 28% EMEA: Americas: Asia-Pacific: $4.8B $3.8B $1.0B CHEP Other poolers Unserved by poolers Note: Brambles’ estimate of addressable FMCG standard-size pallet opportunity, currently served countries o
Slide 19: Americas: addressable pooling opportunity
Pooling Solutions Overview Americas: addressable pooling opportunity 27% 37% 14% 76% 15% 61% 48% 3% 21% USA: Latin Canada: $2.3B America: $0.4B $1.1B CHEP Other pooler Unserved by poolers Note: Brambles’ estimate of addressable FMCG standard-size pallet opportunity, currently served countries only;
Slide 20: EMEA & Asia-Pacific: addressable opportunities
Pooling Solutions Overview EMEA & Asia-Pacific: addressable opportunities 16% 29% 13% 60% 18% 94% 80% 7% 71% 53% 33% 12% 2% 8% 4% Western Europe: CEE: MEA: ANZ: Asia: $3.6B $1.1B $0.2B $0.6B $0.4B CHEP Other poolers Unserved by poolers Note: Brambles’ estimate of addressable FMCG standard-size palle
Slide 21: Emerging markets development: penetration and growth outlook
Pooling Solutions Overview Emerging markets development: penetration and growth outlook 80 70 1H12 growth rate (%) 60 $0.4B 50 (8%) 40 $1.1B 30 (4%) 20 $1.1B $0.2B (21%) 10 (71%) 0 -10 Horizon 1 Horizon 2 Horizon 3 Middle East & Central & Latin America Asia Africa Eastern Europe Note: Brambles’ esti
Slide 22: Europe & Americas: fresh produce addressable opportunity
Pooling Solutions Overview Europe & Americas: fresh produce addressable opportunity 74% 91% 91% 13% 2% 4% 13% 7% 5% USA: South America: Europe: $1.8B $0.5B $3.9B Brambles Other pooler/retailer pool Unserved opportunity Note: Brambles’ estimates of fresh produce RPC opportunity at 30 June 2011 FX rat
Slide 23: ANZ & South Africa: fresh produce addressable opportunity
Pooling Solutions Overview ANZ & South Africa: fresh produce addressable opportunity 10% 38% 38% 48% 62% 62% 42% Australia: NZ: South Africa: $101M $12M $28M Brambles Retailer pool Unserved opportunity Note: Brambles’ estimates of fresh produce RPC opportunity at 30 June 2011 FX rates; Brambles’ pen
Slide 24: Pallet Pooling Models
Brambles Pallet Pooling Models
Slide 25: How pallet pooling works
Pallet Pooling Models How pallet pooling works Service centre Manufacturer/ producer Retailer/ Service centre distributor Service Centre Manufacturer/producer Retailer/distributor Service centre 1. Issue of ready-for-use 2. Manufacturer/ 3. Receiving retailer or 4. Inspection/repair of equipment to
Slide 26: Examples of pallet pooling models
Pallet Pooling Models Examples of pallet pooling models One-way trip Exchange Transfer hire 1 1 1 Manufacturer Manufacturer Manufacturer 2 3 2 3 Service 2 Service Transporter Service Transporter centre centre centre 22 3 2 3 4 4 Retailer 3 Retailer Retailer Equipment issued and delivered Equipment i
Slide 27: Pallet pooling pricing architecture
Pallet Pooling Models Pallet pooling pricing architecture One-way Exchange Transfer hire Fee for issue of a quality Issue fee assured pallet from a service centre Fee for each day that a Daily hire fee customer uses or remains responsible for a pallet Fee for use as equipment Transfer fe
Slide 28: Cost structure and key profit drivers: pallets
Pooling Solutions Models Cost structure and key profit drivers: pallets Sales revenue Transport costs Plant operations Depreciation Net gains on disposals of PPE Irrecoverable pooling equipment provision expense Other operating expenses Operating profit 28
Slide 29: FY13 Results Presentation
Brambles FY13 Results Presentation
Slide 30: Agenda
Agenda Highlights of the Year Tom Gorman, CEO Analysis & Outlook Zlatko Todorcevski, CFO Strategic Context Tom Gorman, CEO 30
Slide 31: Key messages
Key Messages Key messages • Underlying Profit delivered within guidance range • Strong improvement in operating cash flow • Pooling Solutions – Continued sales growth in all regions led by Pallets Americas, RPCs – Improving sales mix and operational efficiencies – Asset efficiency driving improved c
Slide 32: Highlights of the Year
Highlights of the Year Tom Gorman CEO
Slide 33: Key FY13 financial outcomes
Highlights of the Year Key FY13 financial outcomes Sales revenue US$5,890M 5% Operating profit US$1,011M 8% Profit after tax1 US$641M 11% Basic EPS1 US41.2¢ 6% Underlying Profit US$1,057M 5% Free cash flow1 US$509M US$329M Dividends per share A27.0¢ A1.0¢ 1Includes contribution from discontinued ope
Slide 34: Delivery scorecard
Highlights of the Year Delivery scorecard FY13 target Progress Pallets: constant currency sales revenue up at least 19% growth delivered for FY13 15% in emerging markets Operating efficiencies from IFCO integration Delivery on track and global Pallets Underlying Profit: US$1,010-1,070M (30 June 2012
Slide 35: Continued strong sales revenue growth (US$M)
Highlights of the Year Continued strong sales revenue growth (US$M) 54 (25) (98) 88 115 131 5,988 5,890 5,625 FY12 Pallets - net Pallets - RPCs and Acquisitions Recall FY13 FX FY13 actual new wins other Containers Constant currency 35
Slide 36: Ongoing new business momentum: Pallets
Highlights of the Year Ongoing new business momentum: Pallets Contribution of net new business wins Implied forward contribution of to FY13 sales revenue (US$M) prior year rollover (US$M) 100 100 90 90 80 80 70 70 60 60 50 50 40 40 30 30 20 20 10 10 0 0 Americas EMEA Asia-Pacific FY12 FY13 FY14 esti
Slide 37: Operational highlights: Pallets – Americas
Highlights of the Year Operational highlights: Pallets – Americas • Sales revenue up 8% to US$2,206M • Strong contribution from all businesses – Led by CHEP USA customer wins – Supported by growth in all other businesses • Underlying Profit up 15% to US$419M – Operational efficiencies/synergies more
Slide 38: Operational highlights: Pallets – EMEA
Highlights of the Year Operational highlights: Pallets – EMEA • Sales revenue up 2% to US$1,347M – Constant currency sales revenue up 5% • Progress in under-penetrated Germany and Italy • Momentum continuing in emerging markets • Underlying Profit up 3% to US$282M – Constant currency Underlying Prof
Slide 39: Operational highlights: Pallets – Asia-Pacific
Highlights of the Year Operational highlights: Pallets – Asia-Pacific • Sales revenue up 4% to US$392M – Constant currency sales revenue up 5% • Modest growth amid subdued economic conditions in ANZ • Operations in Asia continue to grow • Underlying Profit up 3% to US$79M – Constant currency Underly
Slide 40: Operational highlights: RPCs
Highlights of the Year Operational highlights: RPCs • Sales revenue up 7% to US$813M – Constant currency sales revenue up 10% • Strong growth momentum – Displacement of disposable/unvended alternatives – Expansion with existing and new retailers • Underlying Profit up 11% to US$139M – Constant curre
Slide 41: Operational highlights: Containers
Highlights of the Year Operational highlights: Containers • Sales revenue up 18% to US$326M – Constant currency sales revenue up 20% • Pallecon operations acquired in December 2012 • New business wins in CHEP Aerospace Solutions, US IBC • Weak industry conditions in Australian automotive business •
Slide 42: Operational highlights: Recall
Highlights of the Year Operational highlights: Recall • Sales revenue down 4% to US$807M – Constant currency sales revenue down 3% • Carton volumes up 3% with increased carton storage sales revenue • Tough year for customer transactional activity in document management and secure destruction • Under
Slide 43: Analysis & Outlook
Analysis & Outlook Zlatko Todorcevksi CFO
Slide 44: Results summary
Analysis & Outlook Results summary Constant Continuing operations Actual FX FX (US$M) FY13 FY12 Change Change Sales revenue 5,889.9 5,625.0 5% 6% Underlying Profit 1,057.2 1,009.7 5% 7% Operating profit 1,011.2 939.2 8% 10% Profit after tax 639.9 574.9 11% 14% 44
Slide 45: Pallets: results summary
Analysis & Outlook Pallets: results summary Actual FX Constant FX (US$M) FY13 FY12 Change Change Americas 2,205.8 2,041.3 8% 8% EMEA 1,346.8 1,326.8 2% 5% Asia-Pacific 391.8 375.8 4% 5% Sales revenue 3,944.4 3,743.9 5% 7% Operating profit 760.0 691.4 10% 12% Significant Items 20.3 23.6 Underlying Pr
Slide 46: Pallets – Americas: operating profit (US$M)
Analysis & Outlook Pallets – Americas: operating profit (US$M) 40 (43) 4 68 (9) 13 (4) 415 346 FY12 Volume/ PMS impacts Efficiencies/ Direct Business Other Significant FY13 price/mix synergies costs development Items 46
Slide 47: Pallets – EMEA: operating profit (US$M)
Analysis & Outlook Pallets – EMEA: operating profit (US$M) 7 (6) 43 (23) (9) (13) 0 281 269 268 FY12 Volume/ Efficiencies Business Other Significant FY13 FX FY13 price/mix development Items actual Constant currency 47
Slide 48: Pallets – Asia-Pacific: operating profit (US$M)
Analysis & Outlook Pallets – Asia-Pacific: operating profit (US$M) 11 (3) (2) (3) (1) (1) 78 77 76 FY12 Volume/ Direct Business Other Significant FY13 FX FY13 price/mix costs development Items actual Constant currency 48
Slide 49: RPCs: results summary
Analysis & Outlook RPCs: results summary Actual FX Constant FX (US$M) FY13 FY12 Change Change Europe 510.9 489.5 4% 8% North America 162.7 138.3 18% 18% South America 21.9 24.1 (9)% 3% ANZ & South Africa 117.3 107.6 9% 12% Sales revenue 812.8 759.5 7% 10% Operating profit 138.4 109.3 27% 30% Signifi
Slide 50: RPCs: operating profit (US$M)
Analysis & Outlook RPCs: operating profit (US$M) 16 (4) 23 (3) (3) 142 138 109 FY12 Volume/ Direct costs Other Significant FY13 FX FY13 actual price/mix Items Constant currency 50
Slide 51: Containers: results summary
Analysis & Outlook Containers: results summary Actual FX Constant FX (US$M) FY13 FY12 Change Change Automotive Solutions 150.2 154.8 (3)% - Pallecon Solutions 78.3 43.1 82% 85% Aerospace Solutions 59.3 40.8 45% 44% Catalyst & Chemical Containers 37.9 37.9 - 1% Sales revenue 325.7 276.6 18% 20% Opera
Slide 52: Containers: operating profit (US$M)
Analysis & Outlook Containers: operating profit (US$M) (1) (2) (9) 8 (1) 33 29 28 FY12 Volume/ Direct costs Business Acquisitions FY13 FX FY13 actual price/mix development Constant currency 52
Slide 53: Recall: results summary
Analysis & Outlook Recall: results summary Actual FX Constant FX (US$M) FY13 FY12 Change Change Americas 349.2 370.7 (6)% (4)% Europe 199.5 218.9 (9)% (7)% Rest of World 258.3 255.4 1% 2% Sales revenue 807.0 845.0 (4)% (3)% Operating profit 128.2 160.1 (20)% (18)% Significant Items 16.0 14.1 Underly
Slide 54: Recall: operating profit (US$M)
Analysis & Outlook Recall: operating profit (US$M) (4) (16) 3 (10) (2) (3) 160 131 128 FY12 SDS Volume/ Direct costs Other Significant FY13 FX FY13 price price/mix Items actual Constant currency 54
Slide 55: Cash flow
Analysis & Outlook Cash flow (US$M) FY13 FY12 Change EBITDA 1,614.2 1,561.9 52.3 Capital expenditure (905.1) (949.4) 44.3 Proceeds from sale of PP&E 110.5 93.5 17.0 Working capital movement (24.8) (107.9) 83.1 IPEP expense 101.5 100.1 1.4 Provisions/other (37.3) (107.0) 69.7 Cash Flow from Operation
Slide 56: Capital expenditure trend by segment
Analysis & Outlook Capital expenditure trend by segment (US$M) actual FX, capex on PP&E, accruals basis 921 928 43 62 822 82 190 240 140 110 499 66 117 54 46 534 521 566 399 FY10 FY11 FY12 FY13 Pallets RPCs, Containers & HQ Growth programs Recall Note: Growth programs defined as growth investments i
Slide 57: Strong balance sheet
Analysis & Outlook Strong balance sheet June 2013 June 2012 Net debt (US$M) 2,714 2,690 Net debt to net debt plus equity (%) 47.3 49.5 FY13 FY12 Covenants EBITDA/net finance costs (x) 14.6 10.3 3.5 (min) Net debt/EBITDA (x) 1.68 1.72 3.5 (max) 57
Slide 58: FY14 outlook
Analysis & Outlook FY14 outlook •Brambles guidance1, excluding Recall – Constant currency sales revenue growth in all Pooling Solutions segments – Underlying Profit in the range of US$930M to US$965M (30 June 2013 FX)2 translates to growth of 4% to 8% – Ongoing emphasis on driving sales growth and i
Slide 59: Strategic Context
Strategic Context Tom Gorman CEO
Slide 60: Recapping our journey
Strategic Context Recapping our journey August 2011 Pooling Solutions 2008 LeanLogistics acquisition focus, new structure and November 2011 bolsters logistics management intention to Canadian pallet capability October 2009 December 2013 divest Recall management Better Everyday expansion Recall demer
Slide 61: Delivering our diversification strategy
Strategic Context Delivering our diversification strategy Pooling Solutions sales revenue composition Pallets emerging markets sales revenue (US$M) 600 6% 6% 5% 9% 16% 500 10% 400 300 80% 68% 200 100 0 FY09 FY13 FY09 FY10 FY11 FY12 FY13 Pallets - developed Pallets - emerging RPCs Containers 1 CAGR (
Slide 62: Pallets: entry into new emerging markets
Strategic Context Pallets: entry into new emerging markets Baltics Balkans Middle East Central America Peru & Colombia Developed markets operations Pre-existing emerging markets operations Countries entered since FY09 62
Slide 63: Pallets: improving capital efficiency
Strategic Context Pallets: improving capital efficiency Return on capital invested Sales revenue/Average Capital Invested 24% 1.1 22% 20% 1.0 18% 16% 0.9 14% 12% 0.8 FY09 FY10 FY11 FY12 FY13 FY09 FY10 FY11 FY12 FY13 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Note: FY09 costs i
Slide 64: Pallets: managing our cost base
Strategic Context Pallets: managing our cost base Net transport costs/sales revenue Plant costs/sales revenue 22% 42% 20% 40% 38% 18% 36% 16% 34% 32% 14% 30% 28% 12% 26% 10% 24% FY09 FY10 FY11 FY12 FY13 FY09 FY10 FY11 FY12 FY13 Americas Americas excl. PMS EMEA Asia-Pacific Total Note: FY09 costs inc
Slide 65: Global Pooling Solutions agenda
Strategic Context Global Pooling Solutions agenda Allocate capital to Disciplined RPCs and Containers growth high value growth Entry into high potential emerging markets opportunities New pallet offerings in developed businesses Focus areas Emphasise Deliver savings through global Pallets structure
Slide 66: Key messages
Strategic Context Key messages • Underlying Profit delivered within guidance range • Strong improvement in operating cash flow • Pooling Solutions – Continued sales growth in all regions led by Pallets Americas, RPCs – Improving sales mix and operational efficiencies – Asset efficiency driving impro
Slide 67: Appendices
Brambles LTT ices Append
Slide 68: Appendix 1: Glossary of terms and measures
Appendices Appendix 1: Glossary of terms and measures Except where noted, common terms and measures used in this document are based upon the following definitions: Actual rates/FX In the statutory financial statements, Brambles translates foreign currency results into US dollars at the applicable ac
Slide 69: Appendix 1: Glossary of terms and measures (continued)
Appendices Appendix 1: Glossary of terms and measures (continued) Except where noted, common terms and measures used in this document are based upon the following definitions: Operating profit Operating profit is profit before finance costs and tax, as shown in the statutory financial statements. Or
Slide 70: Appendix 2: FY13 currency mix
Appendices Appendix 2: FY13 currency mix (US$M, actual FX) Total USD EUR AUD GBP Other Pallets 3,944.4 1,669.6 770.1 304.8 346.3 853.6 RPCs 812.8 162.7 383.7 81.9 53.4 131.1 Containers 325.7 58.8 116.2 49.6 27.5 73.6 Recall 807.0 234.7 103.5 199.5 44.2 225.1 Total sales revenue 5,889.9 2,125.8 1,373
Slide 71: Appendix 3: Major currency exchange rates
Appendices Appendix 3: Major currency exchange rates USD vs. USD EUR AUD GBP CAD ZAR MXN FY13 1.0000 1.2939 1.0212 1.5667 0.9919 0.1124 0.0779 Average FY12 1.0000 1.3325 1.0304 1.5834 0.9944 0.1289 0.0760 30 June 13 1.0000 1.3015 0.9134 1.5206 0.9507 0.1010 0.0772 As at 30 June 12 1.0000 1.2440 1.00
Slide 72: Appendix 4: Effective tax rate
Appendices Appendix 4: Effective tax rate Continuing Operations FY13 FY12 (US$M) actual FX Statutory Underlying Statutory Underlying Profit before tax 900.3 946.3 787.2 857.7 Tax expense 260.4 269.1 212.3 233.2 Effective tax rate 28.9% 28.4% 27.0% 27.2% 72
Slide 73: Appendix 5: Significant Items
Appendices Appendix 5: Significant Items (US$M) actual FX FY13 FY12 Underlying Profit 1,057.2 1,009.7 Significant Items: Acquisition-related costs (4.6) (2.8) Restructuring & integration costs (22.0) (53.2) Recall transaction costs (4.1) (21.2) Impairment of software development costs (15.3) - Pensi
Slide 74: Appendix 6: Credit facilities and debt profile
Appendices Appendix 6: Credit facilities and debt profile US$B at 30 June 2013 Committed Uncommitted Debt Maturity Type Headroom facilities facilities drawn < 12 months Bank/USPP1/Other 0.1 0.2 0.1 0.2 Bank/USPP1/144A2/ 1 – 2 years 0.9 - 0.5 0.4 Other 2 – 3 years Bank/USPP1/Other 0.9 - 0.4 0.5 3 – 4
Slide 75: Appendix 7: Efficiencies and synergies
Appendices Appendix 7: Efficiencies and synergies (US$M) Actual Forecast Incremental year-on-year improvement FY15 total Initiatives FY12 FY13 FY14 FY15 IFCO PMS Integration 5 11 19 - 35 IFCO RPC Integration 5 - - - 5 Operations and logistics 10 10 20 20 60 efficiencies in Pallets Total 20 21 39 20
Slide 76: Appendix 8: Capital expenditure breakdown by nature
Appendices Appendix 8: Capital expenditure breakdown by nature (accruals basis) FY12 FY13 Total US$921M Total US$928M 43 62 69 81 46 29 209 183 554 573 Note: Property, plant and equipment cash capex in FY13 was US$905M compared with US$949M in FY12 76
Slide 77: Appendix 9: Pooling Solutions FY13 sales revenue by segment
Appendices Appendix 9: Pooling Solutions FY13 sales revenue by segment (US$M) 326 813 Constant FX growth vs. FY12 Pallets – Americas 8% Americas, 2,206 Pallets – EMEA 5% Asia-Pacific, 392 Pallets - Asia-Pacific 5% RPCs 10% Containers 20% EMEA, 1,347 77
Slide 78: Appendix 10: Pallets FY13 sales revenue by Customer Business Unit
Appendices Appendix 10: Pallets FY13 sales revenue by Customer Business Unit (US$M) Constant FX growth vs. FY12 52 USA 7% Canada 9% 137 340 Latin America 14% 78 LeanLogistics 14% Other Western 1,248 Europe Pallet Management Services 9% 366 Western Europe 2% UK & Ireland 4% 164 Iberia (3)% France Fra
Slide 79: Appendix 11: CHEP USA pallet productivity trends
Appendices Appendix 11: CHEP USA pallet productivity trends Control ratio New equipment issue ratio (Returns + recoveries/total issues) (Pallets purchased/total issues) 100% 8% 98% 6% 96% 4% 94% 2% 92% 0% FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY02 FY03 FY04 FY05 FY06 FY07 FY08
Slide 80: Appendix 12: US lumber prices
Appendices Appendix 12: US lumber prices 500 450 US$ per thousand board feet 400 350 300 250 200 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Source: Random Lengths 80
Slide 81: Appendix 13: CHEP Europe pallet productivity trends
Appendices Appendix 13: CHEP Europe pallet productivity trends Control ratio New equipment issue ratio (Returns + recoveries/total issues) (Pallets purchased/total issues) 100% 10% 98% 8% 96% 6% 94% 4% 92% 2% 90% 0% FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY02 FY03 FY04 FY05 FY06
Slide 82: Appendix 14: RPCs FY13 sales revenue by region
Appendices Appendix 14: RPCs FY13 sales revenue by region (US$M) 117 Constant FX growth vs. FY12 22 Europe 8% North America 18% 163 511 South America 3% ANZ & South Africa 12% 82
Slide 83: Appendix 15: Containers FY13 sales revenue by sector
Appendices Appendix 15: Containers FY13 sales revenue by sector (US$M) 38 Constant FX growth vs. FY12 Automotive 0% 78 150 Aerospace 44% IBCs 85% CCC 1% 59 83
Slide 84: Appendix 16: Recall FY13 sales revenue by sector
Appendices Appendix 16: Recall FY13 sales revenue by sector (US$M) 82 Constant FX growth vs. FY12 124 Document Management (1)% Solutions Secure Destruction (15)% Services Data Protections 0% Services 601 84
Slide 85: Appendix 17: paper prices – North America
Appendices Appendix 17: paper prices – North America US$ 290 250 Price per ton 210 170 130 90 50 Jun-08 Dec-08 Jun-09 Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 85
Slide 86: Contacts
Brambles Contacts
Slide 87: Investor Relations Contacts
Contacts Investor Relations Contacts Cathy Press Group Vice President, Capital Markets cathy.press@brambles.com +61 (2) 9256 5241 +61 (0) 419 290 745 (mobile) James Hall Senior Director, Investor Relations & Corporate Affairs james.hall@brambles.com +61 (2) 9256 5262 +61 (0) 401 524 645 (mobile) bra
Slide 88: Disclaimer
Disclaimer Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restric