Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (February 2011)
15 slides from Saunders International's investor presentation, Feb 21, 2011
Slide 1: Saunders International Limited
For personal use only Saunders International Limited February 2011
Slide 2: Important Notice
IMPORTANT NOTICE This presentation has been prepared by Saunders International Limited (“Saunders”) as a summary of the Company and its operations and for general information purposes only. For personal use only This presentation is not and should not be considered as an offer or invitation to s
Slide 3: Business Description
BUSINESS DESCRIPTION The business was founded in 1951 and specialises in the design, construction and maintenance of steel bulk liquid storage tanks. For personal use only Saunders’ products and services are provided via two inter related models: − Design & Construction; and − Facilities Maintenance
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS PROVEN CREDENTIALS For personal use only − Reputation for quality and performance − Over 50 years of industry experience − Principal provider of storage tank maintenance services to 6 of Australia’s 7 major operating petroleum refineries − National capability − A complete desig
Slide 5: Industry Overview
INDUSTRY OVERVIEW DESIGN & CONSTRUCTION For personal use only − Saunders is one of a limited number of engineering firms in Australia with a national capability in the design and construction of steel bulk liquid storage tanks and storage tank facilities. − Saunders is the largest Australian owned p
Slide 6: Design & Construction: Recent Projects
DESIGN & CONSTRUCTION RECENT PROJECTS: For personal use only New Fertilizer Plant for Incitec Pivot Moranbah, QLD Value $12M Ammonia Tank Stainless Steel Acid Tanks SAUNDERS INTERNATIONAL LIMITED 6
Slide 7: Design & Construction: Recent Projects
DESIGN & CONSTRUCTION RECENT PROJECTS: For personal use only Terminal Storage Caltex Gladstone, QLD Value $3M 35m dia x 18m high Storage Tank SAUNDERS INTERNATIONAL LIMITED 7
Slide 8: Facilities Maintenance: Recent Projects
FACILITIES MAINTENANCE RECENT PROJECTS: For personal use only Other Projects: BP Terminal, Adelaide Roof Replacement SAUNDERS INTERNATIONAL LIMITED 8
Slide 9: Facilities Maintenance Commercial Model
FACILITIES MAINTENANCE COMMERCIAL MODEL Term Contract: For personal use only − Usually based on a management fee and cost reimbursable components. − Typically for 1 to 5 years with options to extend Lump sum: − One off projects or specifically defined scope of work Maintenance Contract services Owne
Slide 10: Competitive Advantage
COMPETITIVE ADVANTAGE Saunders’ competitive advantages are based on: For personal use only Providing value to clients through specialist knowledge and experience in storage tank design, construction and maintenance, which gives it the ability to: − deliver innovative and quality products and servi
Slide 11: Financial Metrics
FINANCIAL METRICS KEY FINANCIAL STATISTICS 31 December 2010 31 December 2009 For personal use only Revenue $25.8 m $22.8 m EBITDA $1.3 m $2.7 m EBITDA % margin 5% 12% EBIT $1.0 m $2.3 m NPBT $1.4 m $2.6 m NPAT $0.95 m $1.8 m EPS 1.2 cents 2.3 cents FY 2010 Dividend Interim Dividend per Share (fully
Slide 12: Balance Sheet
BALANCE SHEET BALANCE SHEET ($ Million) 30 DECEMBER 2010 30 JUNE 2010 Strong cash reserves For personal use only Assets No debt Cash 13,934 20,060 Trade receivables 6,446 4,196 Plant and equipment 1,482 1,760 Deferred tax assets 931 915 Others 1,039 758 Total Assets 23,832 27,689 Liabilities Pay
Slide 13: Financial Performance: Business Strategy
FINANCIAL PERFORMANCE BUSINESS STRATEGY For personal use only The Company’s long term business strategy remains unchanged as:- Design & Construction: − Concentrate on work with higher margins by undertaking larger and more complex projects Facilities Maintenance: − Broaden and grow the business
Slide 14: Summary
SUMMARY Proven credentials For personal use only Blue chip client base National capability Experienced board Attractive financial fundamentals SAUNDERS INTERNATIONAL LIMITED 14
Slide 15: Board
BOARD Mr Timothy Burnett - Chairman & Non-Executive Director For personal use only • More than 30 years experience in the engineering and construction industry. • Managing Director of Saunders for 15 years. • Before joining Saunders he was a senior manager with Brown & Root Inc where he managed the
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