Xrf Scientific Limited · ASX:XRF
Xrf Scientific — Investor Presentation (September 2013)
18 slides from Xrf Scientific's investor presentation, Sep 9, 2013
Slide 1: Investor Presentation September 2013
For personal use only Investor Presentation September 2013
Slide 2: Corporate Snapshot
Corporate Snapshot For personal use only Capital Structure Share Price Performance – 1 Year Shares on issue 132,157,097 $0.45 Options on issue Nil $0.40 Share price 34c $0.35 Market cap $44.9m (undiluted) $0.30 Cash (31/08/2013) $7.2m (5.4 cents per share) $0.25 Debt (31/08/2013) $0.0m $0.20 Enterpr
Slide 3: Company Overview
Company Overview For personal use only Manufacturer of consumables and equipment for mining and industry, for X‐Ray Fluorescence (XRF) analysis – a powerful long‐established analytical technique, vital to the discovery, evaluation, qualification and production of most metals (except gold) Office
Slide 4: Our Products
Our Products X‐Ray Flux Platinum Labware Fusion Machines For personal use only Products Industry Samples Shipping Laboratory Samples Exploration Stock & Blend Mining Rail 4
Slide 5: The XRF Analysis Process
The XRF Analysis Process For personal use only Drill core is sent from the field to the laboratory The drill core is then processed into a fine dust The glass disk is presented into a x‐ray spectrometer for analysis The mineral dust is then fused into a glass bead using XRF Scientific’s products 5
Slide 6: Results Snapshot
Results Snapshot For personal use only Revenue down 11% on FY12 EBITDA up 4% on FY12 NPAT up 7% on FY12 3.6 3.8 25.4 5.8 5.5 22.5 20.1 2.6 4.4 16.8 14.7 1.9 12.5 2.4 1.6 0.9 0.7 0.3 08 09 10 11 12 13 08 09 10 11 12 13 08 09 10 11 12 13 Sales Revenue ($m) EBITDA ($m) NPAT ($m) 6
Slide 7: Full Year Results – Overview
Full Year Results – Overview For personal use only ($m) 2013 2012 Change % Sales revenue 22.5 25.4 (11%) EBITDA *5.8 5.5 4% Profit before tax *5.4 5.1 7% Net profit after tax 3.8 3.6 7% Earnings per share (cents) 2.9 2.8 4% Weighted average no. of shares 130,734,266 127,129,270 3% Number of employee
Slide 8: Strong Cash Flow Generated
Strong Cash Flow Generated For personal use only ($m) 2013 2012 Change % Net cash inflow from operating activities 4.1 3.7 13% Net cash (outflow) from investing activities (0.8) (1.2) (32%) Net cash inflow/(outflow) from financing activities (1.4) 2.5 (153%) Cash at start of period 6.7 1.7 302% Net
Slide 9: Robust Balance Sheet
Robust Balance Sheet For personal use only ($m) 2013 2012 Change % Cash and cash equivalents 8.7 6.7 29% Highlights: Trade and other receivables 3.5 5.1 (31%) Strong cash balance of $8.7m Inventories 2.7 2.8 (2%) Zero debt Other assets 0.3 0.3 0% Purchase of $750k platinum Investment in conver
Slide 10: Consumables
Consumables For personal use only Overview for FY13: ($m) FY13 FY12 Sales revenue 7.2 7.4 Revenue down 3% on FY12 Change in % (3%) 14% NPBT up 4% on FY12 Steady sales levels to production mining NPBT 2.8 2.7 based clients Change in % 4% 33% Reduced level of sales to exploration Margin % 39
Slide 11: Precious Metals
Precious Metals For personal use only Overview for FY13: ($m) FY13 FY12 Sales revenue 8.5 10.7 Revenue down 21% on FY12 Change in % (21%) 20% NPBT down 17% on FY12 Reduced level of new product sales in 2H13 NPBT 1.4 1.7 Steady level of repeat product Change in % (17%) 14% remanufacturing M
Slide 12: Capital Equipment
Capital Equipment For personal use only Overview for FY13: ($m) FY13 FY12 Sales revenue 8.4 7.8 Revenue up 7% on FY12 Change in % 7% 56% NPBT up 59% on FY12 Streamlined product offerings, overhead NPBT 1.1 0.7 costs and manufacturing processes Change in % 59% 55% Removal of low margin OEM
Slide 13: Kitco Labware Acquisition
Kitco Labware Acquisition For personal use only Platinum Labware and Precious Engineered Products business located in Montreal, Canada, generating EBITDA of $0.4m Key benefits: A low risk bolt‐on acquisition Broader access to key markets in the Americas Geographical expansion into Latin Am
Slide 14: New Product Release
New Product Release For personal use only Fully automatic electric fusion machine Safe “cold to cold” operation Zero contamination Proven furnace technology Robust and reliable design Simple user interface 14
Slide 15: Growth Strategy
Growth Strategy For personal use only Acquisitions • Consumables or services, CAPEX products with repeat revenue • Exposure to additional commodities • Expansion of sales in existing product lines Organic Growth • Increased volumes in mining • Geographical expansion • Adoption of XRF as an analytica
Slide 16: Summary
Summary For personal use only FY13 completes third consecutive year of record results Robust balance sheet of $7.2m cash (pre final dividend payment) and no debt Strong link of consumable sales to volumes in mining as opposed to commodity prices Generation of samples for analysis are an esse
Slide 17: Contact Information
Contact Information For personal use only Tel: (08) 9244 0600 98 Guthrie St. Osborne Park WA Vance Stazzonelli – CEO vance.stazzonelli@xrfscientific.com 17
Slide 18: Disclaimer
Disclaimer For personal use only No responsibility for contents of Investor Presentation •To the maximum extent permitted by law, XRF Scientific Limited and representatives: •make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonable
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