Excelsior Capital Ltd · ASX:ECL
Excelsior Capital — Shareholder Meeting (October 2017)
12 slides from Excelsior Capital's shareholder meeting presentation, Oct 25, 2017
Slide 1: Full Year Results Presentation
Full Year Results Presentation 25 October 2017 SYDNEY
Slide 2: Disclaimer
Disclaimer This document, and any constituent or associated presentation, information or material (collectively, the Material), is not (and does not form part of) an offer, solicitation, invitation or recommendation in respect of any securities and neither the Material nor any part of it will form t
Slide 3: A Transformational Year
A Transformational Year • New Management team appointed in Electrical business. • Incorporation of Excelsior Asset Management, an Asset Management company in partnership with Glennon Capital to pursue defensive investment strategies. • Excelsior Asset Management will actively manage CMI’s funds to a
Slide 4: FY17 Earnings Summary
FY17 Earnings Summary $m FY17 FY16 Change • Revenue increased by 8% to Revenue $44.27 $40.81 8% $44.27m reflecting increase in EBITDA $4.92 $5.33 (8%) sales volumes due to clients’ Depreciation & $(0.63) $(0.48) (31%) restocking and improvement in Amortisation market conditions. Tax $(1.51) $(1.38)
Slide 5: Turnover – FY:2017
Turnover – FY:2017 • Revenue (incl. rebates) for FY:2017 totaled $44.3m (FY:2016: $40.8m). • Strong Revenue growth in HY:2017 of 16.9%. • Sales growth was recorded in Cable & Other Division, whilst Sales in Mining (Minto) was flat. Page 5
Slide 6: Overview of the Mining Market (Australia)
Overview of the Mining Market (Australia) • Mining market rising from the bottom of the cycle after falling from a highly overinflated peak. • Provision of parts for Plant Maintenance has provided a steady income stream over the past 10 months. • Expected trend in the Mining sector over the upcoming
Slide 7: Overview of the Cable & Wire Market
Overview of the Cable & Wire Market • The Cable and Wire industry in Australia is fairing well in comparison with many other electrical sectors. The cable market is estimated to be around $1.7 billion. • Fluctuating levels of activity in the commercial construction sector are causing volatility, in
Slide 8: Market Share – Couplers & Connectors
Market Share – Couplers & Connectors Estimated Market Size 2017: $32m Page 8
Slide 9: Excelsior Asset Management & Investment Portfolio
Excelsior Asset Management & Investment Portfolio • Funds to be invested in: - Small & microcap companies in both public and private markets; - Diversified portfolio of businesses in order to generate both income & capital appreciation, while managing risk. • Initial investment in 3 unlisted busines
Slide 10: Share Price & Dividend Payments
Share Price & Dividend Payments • Share price increased from 89 cents from 1 July 2016 to $1.41 (24 Oct 2017), a 58.4% increase after: - Payment of two fully franked dividend totalling $1.9m (6 cents per share) declared in FY:2017; and - Off-market buy-back of 10% of issued share capital amounting t
Slide 11: Outlook
Outlook • Exploring entering new international markets. • Focus on cost cutting by consolidating its two Sydney industrial locations – Meadowbank & Fairfield. One off costs expected in FY18 and early FY19 approx. $750k - $1m. • Strong Balance Sheet with Shareholder Funds of $46.5 million ($1.48 per
Slide 12: Questions
Questions Page 12
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