Ansell Limited · ASX:ANN
Ansell — Shareholder Meeting (October 2013)
22 slides from Ansell's shareholder meeting presentation, Oct 17, 2013
Slide 1: Chairman's Address & CEO Presentation - 2013 AGM
Ansell Limited A.B.N. 89 004 085 330 Level 3, 678 Victoria Street Richmond, Victoria 3121, Australia GPO Box 772 Melbourne Victoria 3001, Australia Telephone (+613) 9270 7270 For personal use only Facsimile (+613) 9270 7300 www.ansell.com 17 October 2013 Company Announcements Office Australian Secur
Slide 2: Chairman's Address 2013 Annual General Meeting
For personal use only CHAIRMAN’S ADDRESS 2013 ANNUAL GENERAL MEETING Ladies and Gentlemen, When we last met, in October 2012, you were advised that while the global economic environment was proving a challenge the Ansell company outlook for the remainder of the 2013 financial year was positive and o
Slide 3: Chairman's Address (continued)
strong and gives us the capacity to continue to pursue our growth strategies including our focus on the development of our position in emerging markets and to selectively invest in organic growth as well as attractive acquisition opportunities. We ended the 2013 year with a stronger market presence
Slide 4: Chairman's Address (continued)
We are pleased to welcome Annie Lo as an independent Non-executive Director. Annie stands for election today and will speak to you shortly. Annie’s diversified background in finance, developing markets and business integration will further strengthen our Board and complement the existing skills and
Slide 5: Ansell Limited Annual General Meeting
For personal use only Ansell Limited Annual General Meeting Magnus Nicolin Chief Executive Officer and Managing Director 17 October 2013
Slide 6: Disclaimer
Disclaimer For personal use only The following presentation has been prepared by Ansell Limited for information purposes only. The presentation may contain forward looking statements or statements of opinion No representation or warranty is made regarding the accuracy, completeness or reliability of
Slide 7: Results Summary
F’13 – Results Summary For personal use only Statutory Result in Results in Operating Australian Dollars Currency – US Dollars F’12 F’13 F’12 F’13 A$M A$M US$M US$M Sales 1,218.3 1,340.0 1,255.3 1,372.8 Earnings Before Interest & Taxes (EBIT) 149.4 167.2 153.2 170.5 Profit Attributable (PA) 130.0 13
Slide 8: A Tough Year but We Gained Momentum and Finished Strongly
F’13 – A Tough Year but We Gained Momentum and Finished Strongly For personal use only F’12 F’13 Change Sales ($M) 1,255 1,373 + 9% EBIT ($M) 153 171 + 11% PA ($M) 133 139 + 5% EPS (¢) 1.01 1.07 + 5% Free Cash ($M) 97 128 + 32% 4
Slide 9: External Environment a Headwind Throughout F13
F’13 – External Environment a Headwind Throughout F13 For personal use only Foreign Exchange Impact Net Raw Material Costs Manufacturing costs (Labour, utilities, water) Global economy (weighted average) Competitive pressure up Government financial health (healthcare and defence spend) 5
Slide 10: Strong Revenue and Profit Growth Delivered Through Successful Delivery Against Strategic Objectives
F’13 – Strong Revenue and Profit Growth Delivered Through Successful Delivery Against Strategic Objectives For personal use only Successful M&A transactions Significant NPD launches and early wins Solid portfolio optimization with GPADE up 120 BPS Improving manufacturing productivity and cap
Slide 11: Successful M&A Transactions, Delivering In Line With Expectations
F’13 – Successful M&A Transactions, Delivering In Line With Expectations Even In Challenging External Environment For personal use only Four transactions completed including the largest deal since 1995 Cost and cash-flow synergies better than plan These transactions collectively contribute to
Slide 12: Strong New Product Launches
F’13 – Strong New Product Launches For personal use only Launch Rate nearly 7 times 50 higher than in Number of New Product Launches 2010 45 40 35 30 25 20 15 10 5 0 2010 2011 2012 2013 8
Slide 13: New Product Development
F’13 - New Product Development For personal use only Industrial GBU Medical GBU HyFlex® 11-840 Gloves Gammex® Nitrile High performance Nitrile Anti Bacterial Glove with extreme durability and A world first glove designed Superior Fit for precision to reduce cross contamination handling in abrasive o
Slide 14: Continued Emerging Markets Expansion
F’13 – Continued Emerging Markets Expansion Growth YOY 17% (8% excluding acquisitions) For personal use only Russia Other EMEA • Growth YOY + 14% • Growth YOY + 8% • 4% of global sales China • 5% of global sales • Growth YOY + 14% (CIS, Turkey, • 4% of global sales Poland, CEE) India • Growth YOY +
Slide 15: Capital Expenditure – Investment in the Future
F’13 – Capital Expenditure – Investment in the Future For personal use only US$m 45.0 ERP Oracle investment being fine 40.0 tuned. SAP being launched across EMEA. Major investment phase over. 35.0 Acquisitions have added 4 plants, 30.0 SAP platform, significant new capacity Growth/expansion investme
Slide 16: Strong EPS/Dividend Growth and Share Price Appreciation Continued in F13
F’13 – Strong EPS/Dividend Growth and Share Price Appreciation Continued in F13 For personal use only 140 40 120 35 100 30 25 EPS (US¢) 80 20 Dividends (A¢) 60 15 40 10 20 5 0 0 F'08 F'09 F'10 F'11 F'12 F'13 75% ANSELL LIMITED NYSE 55% S&P/ASX 200 35% FTSE 100 15% -5% -25% 12
Slide 17: All GBU's Achieved EBIT Growth With Margins Significantly Improved In The 2nd Half
F’13 – All GBU’s Achieved EBIT Growth With Margins Significantly Improved In The 2nd Half For personal use only $M F’12 F’13 - Sales 504.1 563.6 12% Industrial - Segment EBIT 83.7 92.0 10% - EBIT/Sales 16.6% 16.3% - Sales 177.5 230.0 30% Specialty Markets - Segment EBIT 7.2 11.7 63% - EBIT/Sales 4.1
Slide 18: We Made Progress On All Key Sustainability Measures
We Made Progress On All Key Sustainability Measures For personal use only 14
Slide 19: Ansell Value Drivers
F’13 – Ansell Value Drivers For personal use only Market Leadership Ansell is No 1 or 2 globally in everything it wants to compete in Innovation Leadership • Ansell is a leader in its field of innovation and has launched a stream of new products in the last two years Strong Brands Ansell has a n
Slide 20: The Globalisation of Ansell Continues
F’13 - The Globalisation of Ansell continues For personal use only Growth strategy defined in 2010 was designed to globalize products, capabilities, systems and staff – this has been very successful Acquisitions in Europe, North America and Latin America have contributed to global growth while w
Slide 21: F'14 Guidance
F’13 – F’14 Guidance For personal use only As noted in August, the Company continues to see mixed economic conditions globally with significant political and economic uncertainty continuing to limit the pace of improvement. Ansell is achieving moderate organic sales growth, but at a lower rate than
Slide 22: Ansell Protects
For personal use only ANSELL PROTECTS 18