Steel & Tube Holdings Limited · NZX:STU
Steel & Tube — Shareholder Meeting (November 2013)
24 slides from Steel & Tube's shareholder meeting presentation, November 2013
Slide 1: Shareholders' Annual Meeting
Shareholders’ Annual Meeting November 2013
Slide 2: Chairman Sir John Anderson
Chairman Sir John Anderson SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 3: Annual Meeting Agenda
Annual Meeting Agenda Report on the Company’s activities Chairman’s Address CEO’s Address Election of Directors Appointment and remuneration of Auditors General discussion/questions Refreshments SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 4: Board of Directors and Company Secretary
Board of Directors and Company Secretary Sir John Anderson Dave Taylor Anne Urlwin Dean Pritchard Janine Smith Rosemary Warnock Janie Elrick (Company Secretary) SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 5: Chairman's Address – Performance Highlights
Chairman’s Address – Performance Highlights Profit after tax $15.6M, ⌃ 19% ⌃ Sales revenue $393M, 3% Operating cash $27.5M, ⌃ 47% Full year dividend 15 cents per share 84% Pay-out ratio SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 6: Chairman's Address – Outlook
Chairman’s Address – Outlook Business confidence continues to rise Construction consents continue to increase Improved volumes in the 4 months of this year's trading Industry remains very competitive Internal initiatives are building a solid platform SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 7: CEO's Address
CEO’s Address Dave Taylor SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 8: CEO's Address – Overview
CEO’s Address – Overview Strong Foundation for Growth SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 9: Health & Safety
CEO’s Address – Health & Safety Enhanced Approach SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 10: Health & Safety Performance
CEO’s Address – Health & Safety Performance Lost Time Incidents ⌃ reduced by 50% Medical Treatment Incidents ⌃ reduced by 41% Killers & Lifesavers Programme gains external recognition SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 11: Developing Our People and Culture
CEO’s Address – Developing Our People and Culture Our Strength SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 12: Developing Our People and Culture
CEO’s Address – Developing Our People and Culture Over 1200 training days of Capability Training in addition to ‘Business As Usual’ training Next phase of the Values Programme commences Staff engagement improved by 6% SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 13: One Company
CEO’s Address – One Company Good progress with One Company on multiple fronts Supply Chain key elements in place Focus on innovation continues New equipment New customer solutions SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 14: Investing in the Business
CEO’s Address – Investing in the Business Enhanced Customer Service SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 15: Investing in Innovation
CEO’s Address – Investing in Innovation Our Future SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 16: Investing in IT Infrastructure
CEO’s Address – Investing in IT Infrastructure Working Smarter SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 17: Trading Environment
CEO’s Address – Trading Environment Key Industry Sectors Construction Manufacturing Rural SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 18: Global Pricing
CEO’s Address – Global Pricing Volatile Raw Material Prices SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 19: Outlook: Building Consents
CEO’s Address – Outlook: Building Consents Residential consents ⌃ 23.9% Non-residential consents ⌃ 8.9% Normal lag between consents and actual work put in place Government expects to spend $3.3B per annum for the next 5-8 years MBIE review to leverage Government spend and mitigate inflation *Data fr
Slide 20: Outlook: Rural
CEO’s Address – Outlook: Rural Drought impact less than expected Strong commodity prices Investment in: Dairy conversions Milk powder plants Viticulture SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 21: Outlook: Manufacturing
CEO’s Address – Outlook: Manufacturing Increasing confidence, however… Activity levels in dollar terms at the lowest level since September 2009 SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 22: Outlook: Summary
CEO’s Address – Outlook: Summary Excess steel production, especially China Downwards pressure on pricing, but volatility to continue Internally, good progress continues Start of the new year has seen volume steadily improve but margins remain tight Company in a strong position to capitalise on growt
Slide 23: Resolutions
Resolutions Item 1: Adoption of the Directors’ Reports and Financial Statements Item 2: To re-elect Dean Pritchard Item 3: To re-elect Dave Taylor Item 4: To elect Anne Urlwin Item 5: Appointment and remuneration of Auditors Item 6: Other business SHAREHOLDERS’ ANNUAL MEETING NOVEMBER 2013
Slide 24: Sc
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