Srg Global Limited · ASX:SRG
Srg Global — Shareholder Meeting (March 2016)
20 slides from Srg Global's shareholder meeting presentation, Mar 30, 2016
Slide 1: 2012 Annual General Meeting
2012 ANNUAL GENERAL MEETING 27 NOVEMBER 2012, 10.30AM (WST) CROWN PERTH, BURSWOOD WESTERN AUSTRALIA 6100
Slide 2: Agenda
Agenda »»Chairman’s Opening Address Peter Wade »»Group Managing Director Presentation Enzo Gullotti »»Business of Meeting Peter Wade Growth. Value. Diversity.
Slide 3: Board of Directors & Secretary
Board of Directors & Secretary »»Peter Wade, Non-Executive Chairman »»Enzo Gullotti, Group Managing Director »»George Chiari, Executive Director »»Sam Mangione, Non-Executive Director »»Michael Sertorio, Non Executive Director »»Vince Gerasolo, Company Secretary Vision. Experience. Leadership.
Slide 4: Products & Services
Products & Services ON-SITE PLANT & FLEET FORMWORK & WORKFORCE EQUIPMENT RENTALS CONCRETING GCS is a leading supplier of integrated on-site products SCAFFOLD & SITE SPECIALISED and services ACCESS SOLUTIONS ACCOMMODATION SITE SERVICES throughout Australia.
Slide 5: Customer Sectors
Customer Sectors Our strong market presence and customised solutions, makes us a leading supplier to the Commercial, Residential, Resource & Industrial sectors. COMMERCIAL RESIDENTIAL RESOURCE & INDUSTRIAL Our national presence allows us to provide multi disciplined labour and high quality equipment
Slide 6: Locations
Locations With strategic bases across Australia, GCS is uniquely positioned to service a wide Port Hedland Townsville range of industry sectors through Karratha its local branch network. Newman Brisbane Geraldton Perth Wangara Bunbury Balcatta Busselton Sydney Bassendean Embleton Melbourne Redcliffe
Slide 7: Corporate Highlights
Corporate Highlights »»GCS continues to deliver year FINANCIAL HIGHLIGHTS on year increased Revenues REVENUE ($M) EBITDA ($M) NPAT ($M) and NPAT. »»Approximately $60m invested in REVENUE REVENUE ^ 46% ($m)($m)($m) REVENUE 2012 $212.2m ^ 32% 2012 $50.4m ^ 18% 2012 $22.8m 2011 $145.2mEBITDA EBITDA EBI
Slide 8: Commercial Sector
Commercial Sector »»Stage 1 of $30m QEII Car park Segment Size (by Revenue Share) ^ 61.5% FY11 72.7% project for Probuild completed ahead of schedule. »»General Plant Hire division Revenue 24% FY12 $130.5m, FY11 $105.6m increases market share, revenue and earnings. Adjusted EBITDA1 3% FY12 $34.2m, F
Slide 9: Residential Sector
Residential Sector »»Residential sector experiencing Segment Size (by Revenue Share) ^ 11.1% FY11 15.4% tough trading conditions. »»Housing starts at an all time low in FY12. Revenue 6% FY12 $23.6m, FY11 $22.3m »»Market share maintained, despite depressed market. Adjusted EBITDA 1 7% FY12 $4.8m, FY1
Slide 10: Resource & Industrial Sector
Resource & Industrial Sector »»Significant investment in Plant Hire Segment Size (by Revenue Share) ^ 27.4% FY11 11.9% and Site Accommodation. »»Expansion of GCS Hire with new operating sites in the Pilbara and Revenue 236%FY12 $58.2m, FY11 $17.3m Mid-west. »»GCS Fleet Rental, a new division offerin
Slide 11: Market Update
Market Update »»GCS completes $32.2m capital raising in October 2012. »»CASC has commenced work on the new Midland Hospital project valued at $30m. »»GCS awarded the first major scaffold supply contract of 6,000 tonne on the $43b Chevron Gorgon Project. »»GCS awarded portable Site Accommodation Pack
Slide 12: Outlook
Outlook »»Capital raising has strengthened balance sheet and reduced net debt to equity from 63% to 42%. »»GCS expects NPAT to increase approximately 20% in FY13 subject to market conditions. »»Expanded GCS Hire branch network is expected to boost contributions to the Group. »»Signs of improvement i
Slide 13: Resolution 1: Adopt Remuneration Report
Resolution 1 Non Binding Resolution to Adopt Remuneration Report To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution: “That the Remuneration Report as set out in the Annual Report for the year ended 30 June 2012 be adopted.”
Slide 14: Resolution 1: Proxy Results
Resolution 1 Non Binding Resolution to Adopt Remuneration Report The following proxies have been received: Vote Type Voted % % all securities For 47,426,777 85.98 27.86 Against 7,360,876 13.34 4.32 Open 376,586 0.68 0.22 Excluded 35,514,535 N/A 20.86 Abstain 3,171,861 N/A 1.86 Securities on Issue 17
Slide 15: Resolution 2: Election of Mr Peter Wade
Resolution 2 Election of Mr Peter Wade To consider and, if thought fit, to pass, with or without amendment, the following as an ordinary resolution: “That Mr Peter Wade, having been appointed as an additional director of the company on 17 November 2011, who retires as a director in accordance with C
Slide 16: Resolution 2: Proxy Results
Resolution 2 Election of Mr Peter Wade The following proxies have been received: Vote Type Voted % % all securities For 93,359,338 99.51 54.83 Against 66,936 0.07 0.04 Open 394,361 0.42 0.23 Excluded 0 N/A 0.00 Abstain 30,000 N/A 0.02 Securities on Issue 170,259,052
Slide 17: Resolution 3: Re-Election of Mr Sam Mangione
Resolution 3 Re-Election of Mr Sam Mangione To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution: “That Mr Sam Mangione, who retires as a director in accordance with Clause 6.3 of the Company’s Constitution and, being eligible and of
Slide 18: Resolution 3: Proxy Results
Resolution 3 Re-Election of Mr Sam Mangione The following proxies have been received: Vote Type Voted % % all securities For 75,301,046 80.26 44.23 Against 18,127,328 19.32 10.65 Open 392,261 0.42 0.23 Excluded 0 N/A 0.00 Abstain 30,000 N/A 0.02 Securities on Issue 170,259,052
Slide 19: Resolution 4: Ratification of Placement
Resolution 4 Ratification of Placement To consider and, if thought fit, to pass, with or without amendment, the following Resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders approve and ratify the allotment and issue of 17,26
Slide 20: Resolution 4: Proxy Results
Resolution 4 Ratification Placement The following proxies have been received: Vote Type Voted % % all securities For 83,059,092 99.24 48.78 Against 260,842 0.31 0.15 Open 376,586 0.45 0.22 Excluded 5,520,824 N/A 3.24 Abstain 3,532,483 N/A 2.07 Securities on Issue 170,259,052