Slide 1: Half-year 2011 presentation
For personal use only Half‐year 2011 presentation August 23 2011
Slide 2: Overview of FY 10/11
For personal use only Overview of FY 10/11 » Record revenue and profit result for the group despite some disappointing results from Chilean and Hunter Valley operations » Higher overall activity levels across the group’s operations during the year » Expanded geographical, product and service revenue
Slide 3: Revenue, EBIT and Dividend Developments
Revenue, EBIT* and Dividend Developments For personal use only Revenue ($m) EBIT*($m) CAGR FY07-FY11: 38% CAGR FY07-FY11: 45% 250 30 25 200 16.9 20 150 113 2H 15.5 2H 85 9.5 1H 15 1H 100 77 10.1 10 63 15.2 50 28 95 93 4.0 12.1 11.0 23 5 23 67 7.0 29 43 3.3 15 26 1.5 0.5 2.7 0 0 FY05 FY06 FY07 FY08 F
Slide 4: Financial Results - FY 10/11
Financial Results - FY 10/11 For personal use only » Improved overall business conditions compared to the previous year FY10/11 FY 09/10 $m $m Change » Higher period-on-period activity levels across almost all of the group’s operations, notably in Australia Revenue 205.90 144.01 +43% » Middle East j
Slide 5: Balance Sheet and Cash Flow
Jun 11 Jun 10 Balance Sheet and Cash Flow $m $m Change For personal use only Working capital -3.76 13.86 » Balance sheet strength utilised in the period to support business growth plans Property, plant and 53.67 30.27 equipment +77% » Reduction in net working capital level due to receipt of $18m of
Slide 6: Australia - Queensland
Business Update - Australia For personal use only Queensland: Brisbane: » Produced an excellent result significantly above previous years » Continuing to service customers based in the Bowen Basin and Hunter Valley coal mining regions with both Westech and OEM- designed bodies and excavators » Impro
Slide 7: Australia - Western Australia
Business Update - Australia For personal use only Western Australia: Perth: » Excellent operating result achieved despite a slow start to the year » Continued acceptance of Austin’s range of products and services » The first of a series of bodies for a major Indonesian-based customer successfully co
Slide 8: Australia - COR Cooling
Business Update - Australia For personal use only COR Cooling: Queensland (Mackay) and Western Australia (Perth and Kalgoorlie): » Acquisition completed in December 2010, seven months of revenue and profit included within the Austin group result for the year » Produced a result in line with expectat
Slide 9: Americas
Business Update - Americas For personal use only North America - Westech, Wyoming: » Achieved a result ahead of expectations » Overall activity levels picking up despite a stagnant North American economy » Improved production efficiencies secured as workload levels increased and fixed overhead costs
Slide 10: Middle East
Business Update - Middle East For personal use only Oman - Masco joint venture, Sohar: » EBIT contribution in volume terms below the previous corresponding period due to the completion of two major projects in the intervening period » Revenue was mainly derived from the ongoing maintenance contract
Slide 11: Expansion Plans Update
Expansion Plans Update For personal use only Chile - Calama: » Calama-based repair and maintenance expansion still underway » Currently in final discussions with a business that produces revenue of approximately $6.5m and EBIT of $3.3m per annum. Negotiations are expected to be complete by late Augu
Slide 12: Outlook
Outlook For personal use only » Business conditions across the mining services sector are continuing to improve over the previous year » Higher sector activity already being reflected with an increased number of enquiries and tenders and growing workloads across most operations » Austin enters the y
Slide 13: For personal use only
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