Bisalloy Steel Group Ltd · ASX:BIS

Bisalloy Steel — H1 FY2010 Earnings Presentation

17 slides from Bisalloy Steel's earnings presentation, Feb 22, 2010

  1. Slide 1: Business Presentation February 2010

    For personal use only Business Presentation February 2010

  2. Slide 2: Important Notice

    Important Notice For personal use only This presentation is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase shares in Bisalloy Steel Group Limited (“the Company”). This presentation does not form the basis of any contract or commitment. You should not

  3. Slide 3: Safety and Environment

    Safety and Environment For personal use only ƒ STAR Safety Program continues to focus on zero harm ƒ Following on from the safety statistics improvement in the last financial year, Bisalloy Group can report another six month period Lost Time Injury (LTI) free ƒ As well as the aim of a safe workplace

  4. Slide 4: 1HY10 Results - Overview

    1HY10 Results - Overview For personal use only FINANCIAL RESULTS (Half Year to 31 Dec 2009) HIGHLIGHTS Group Statutory Reporting Basis 1HY10 2HY09 1HY09 $'m $'m $'m • Revenues in the half year were $39.7m, $10.4m or 35% Continuing operations higher than the previous six month period and reflecting a

  5. Slide 5: 1HY10 Results – Half on Half

    1HY10 Results – Half on Half For personal use only Results Summary - Bisalloy Steel Group Limited results for the half year ended 31 December 2009 (1HY10) Normalised Reporting Basis 1HY10 2HY09 1HY09 • Normalised EBIT loss of $0.5m in the period compared an EBIT loss of $1.0m in $'m $'m $'m 2HY09. C

  6. Slide 6: Balance Sheet

    Balance Sheet For personal use only 31-Dec-09 30-Jun-09 Chg $’m $’m $’m Property, plant and equipment 12.2 12.2 0.0 Trade debtors & other assets 16.9 11.3 5.7 • Inventories reduced to $15.0m from Inventories 15.0 27.9 (12.9) $27.9m at 30 June 09 and $37.6m at Trade creditors & other (11.6) (9.8) (1.

  7. Slide 7: Cash Flow

    Cash Flow For personal use only 1HY10 2HY09 1HY09 $'m $'m $'m Net trading receipts/(payments) 8.4 (6.8) 16.4 Finance costs (1.7) (2.0) (4.5) Taxes paid/(refunded) 0.0 1.6 (1.3) • Net operating cash inflow of $6.7m Net Operating Cash Flow 6.7 (7.2) 10.6 • Capital expenditure of $0.5m, mostly attribut

  8. Slide 8: Growth Strategy

    Growth Strategy For personal use only Domestic volume, new geographic markets and production capabilities. ƒ Resources demand growth will underpin both maintenance and new capital equipment requirements ƒ Increase exposure to structural applications through AS 4100 - 1998 Steel Structures standard i

  9. Slide 9: Outlook

    Outlook For personal use only PEAK DOWNTURN STABILISE RECOVER CONSOLIDATE GROWTH 1HY09 2HY09 1HY10 2HY10 FY11 ƒ The Company operates within the steel sector which is recovering from the GFC and its marketing mix indicates a strong leverage to the resource sector which has a long term growth potentia

  10. Slide 10: Summary

    Summary For personal use only 9 Australia’s only manufacturer of quenched and tempered (“Q & T”) steel plate 9 Leading ‘Bisplate’ brand the generic name for Q & T steel in Australia and many parts of Asia 9 Extensive distribution network across Australia, New Zealand, Indonesia and Thailand 9 Custom

  11. Slide 11: Delivering against expectation…

    For personal use only Delivering against expectation… Page 11

  12. Slide 12: Business Overview

    For personal use only Business Overview Page 12

  13. Slide 13: Bisalloy Overview

    Bisalloy Overview For personal use only Bisalloy Steel Group Bisalloy Steels Bisalloy Asia Bisalloy Steels ƒ Australia’s only manufacturer of high strength structural and wear resistant Q&T steel plate (Bisplate®) for Australian and international markets ƒ Purpose built facility at Unanderra, NSW Bi

  14. Slide 14: Operations Overview

    Operations Overview For personal use only ƒ Bisalloy Steels Australia is the primary processing operation – Q&T plate produced south of Sydney at the Unanderra facility ƒ Raw material / steel plate (“greenfeed”) sourced from several steel mills located in Australia and China ƒ Greenfeed heated and r

  15. Slide 15: Performance Drivers

    Performance Drivers For personal use only Performance drivers vary across the business. ƒ The Australian processing operation is volume and margin driven: – Largest component of cost is raw materials (approximately 80% of total cost at historical volumes) – Simple variable cost structure (freight, e

  16. Slide 16: Product Mix

    Product Mix For personal use only Products diversified across industries and applications. KEY PRODUCTS PRODUCT BY TONNES* Armour ƒ Wear plate – Bisplate 400, 450, 500 for mining Plate 10% applications such as dump trucks and dragline buckets ƒ Structural plate – Bisplate 60, 70, 80, 80PV for Wear P

  17. Slide 17: Marketing Mix

    Marketing Mix For personal use only Revenues diversified across industries and customers. INDUSTRY SECTORS* CUSTOMERS* A griculture General 3% Caterpillar Engineering 5% 13% M ilitary End Users 10% 6% Jo int Ventures 11% Armour Distributo rs Transpo rt Manuf act urers 50% 12% 8% M ining Other 70% B

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