Maxiparts Limited · ASX:MXI
Maxiparts — MaxiTRANS Industries — H1 FY2010 Earnings Presentation
13 slides from Maxiparts's earnings presentation, Feb 22, 2010
Slide 1: MaxiTRANS Industries Limited Half Year Ended 31 December 2009
For personal use only MaxiTRANS Industries Limited Half Year Ended 31 December 2009
Slide 2: Financial Highlights
Financial Highlights For personal use only Sales $M Underlying NPAT $M 160 9 8 140 7 120 6 100 5 4 80 3 60 2 40 1 0 20 1H 07 1H 08 1H 09* 2H 09** 1H 10 -1 0 -2 1H07 1H08 1H09 2H09 1H10 * Excludes impact of impairment charge of $6.137 million at 31 December 2008 ** Excludes impact of restructuring co
Slide 3: Financial Highlights (cont.)
Financial Highlights (cont.) For personal use only 1H08 1H09 1H10 % change on 2H09 $000 $000 $000 1H09 $000 Sales 140,579 150,925 124,822 (17%) 101,696 Underlying EBITDA 14,397 12,192* 7,223 (41%) 2,712 Underlying NPBT 10,276 7,804* 3,250 (58%) (1,232) Underlying NPAT 7,741 5,854* 2,579 (56%) (611)
Slide 4: Financial Highlights (cont.)
Financial Highlights (cont.) For personal use only 1H08 1H09 1H10 Change on $000 $000 $000 1H09 Operating Cash Flow 7,459 (1,592) 7,989 +9,581 Net Debt 36,272 41,348 20,230 (21,118) Net Debt/Equity % 45% 45%* 23% - EPS (Basic) 4.51 3.41* 1.42 (1.99) Interim Dividend declared 2.75 1.00 1.00 - Interim
Slide 5: 1H10 Overview
1H10 Overview For personal use only > NPAT 1H10 $2.6 million vs. underlying net loss in 2H09 of ($611k) > Cash flow +$9.6 million on pcp > Net debt/equity down to 23% (from 29% at 30/6/09) > Bank facilities extended up to September 2012 > Order intake +21% on pcp – (+14% on 2H09) > Unit sales down 2
Slide 6: Trailers
Trailers For personal use only > Unit sales -25% on pcp – (+19% on 2H09) > Order intake +22% on pcp – (+26% on 2H09) > Strong order bank at end January > New models: Outback – Outback: 3 models positioned for resource sector – Fleet Saver Skel: 2 models to meet container traffic growth. Fleetsaver S
Slide 7: Vans
Vans For personal use only > Unit sales -48% on pcp - (+2% on 2H09) > Order intake +56% on pcp – (+13% on 2H09) > Order bank strong at end January > Van market resurgence in November 2009 > New Maxi-CUBE C-Series chassis van launched. Maxi-CUBE C-Series Peki Fleet Solutions Body
Slide 8: Tippers
Tippers For personal use only > Unit sales -17% on pcp - (+45% Lusty EMS Curved Body on 2H09) > Order intake +17% on pcp – (+11% on 2H09) > Order bank to end April > Major construction sector contract won > Truck and dog (construction) sector remains depressed Hamelex White PBS Rig > New model: Lust
Slide 9: Parts
Parts For personal use only > Colrain sales* up 9% on pcp due to: – Meritor suspension sales growth – Growth of tyre and wheel sales – Wholesale sales growth in WA from Gorgon project > Contribution in 1H10 up $1.4m vs. pcp > Outlook positive - expect continued growth. *Includes internal sales
Slide 10: New Zealand
New Zealand For personal use only > Unit sales up 33% on pcp – (+13% on 2H09) > Order intake down 51% on pcp – (down 58% on 2H09) > Order intake expected to remain depressed until new regulations released approx. June 2010 > New factory under construction – due for completion Dec 2010 > Expect signi
Slide 11: Joint Ventures
Joint Ventures For personal use only Freighter Maxi-CUBE Qld (36.67%): > Positive contribution, but down 19% on pcp MTC (Yangzhou Maxi-CUBE Tong Composites Co. Ltd.) (50%) > Positive contribution +48% on pcp.
Slide 12: Outlook
Outlook For personal use only > Order intake expected to improve as economy strengthens > Rural sector expected to improve with good rainfalls > New Zealand expected to lift strongly once new regulations introduced (approx. June 2010) > Additional growth expected from Colrain.
Slide 13: For personal use only
For personal use only
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