16 slides from Southern Cross Electrical Engineering's earnings presentation, Aug 25, 2008
Slide 1: FY08 Results Presentation
For personal use only Southern Cross Electrical Engineering g g Limited FY08 Results Presentation
Slide 2: Operational Highlights, Financial Results, Outlook
For personal use only Operational Highlights Financial Results Outlook
Slide 3: FY08 Operational Highlights
FY08 Operational Highlights For personal use only • Successful listing on ASX. • OH&S excellence award from NECA for the Ravensthorpe Nickel Project. • Awarded best industrial electrical contractor for Dampier Port Upgrade Phase B. • 0 lost time injuries injuries. • First oil and gas team has been a
Slide 4: Completed Projects
Completed Projects For personal use only Project Client Hope Downs I Stage 1 Hamersley HMS Ravensthorpe Nickel Project BHP Billiton Dampier Port Upgrade Phase B Hamersley Iron N Newman A Ammonium i Nit Nitrate t FFacility ilit Ci Civmec Lake Johnston Overhead Power Line Norilsk Nickel Newman Hub Ear
Slide 5: Financial Results
For personal use only Operational Highlights Financial Results Outlook
Slide 6: SCEE Financial Snapshot
SCEE Financial Snapshot For personal use only $ millions Proforma* Prospectus Variance Revenue 84.1 96.8 (12.7) EBITDA 21.0 18.5 2.5 EBIT 19.9 17.5 2.4 NPAT 14 3 14.3 12 2 12.2 21 2.1 ROCE (%) 42.5 38.8 3.7 EPS (cents per share) 12.8 10.9 1.9 Full year dividend (cents per share) 6.0 5.0 1.0 TSR sinc
Slide 7: Prospectus Variance Analysis
Prospectus Variance For personal use only Prospectus Variance Analysis 15.0 12.5 10.0 $million 7.5 5.0 2.5 0.0 Prospectus Lower sales Increased Margins Overheads Other Proforma NPAT Scope NPAT
Slide 8: Financial Trends
Financial Trends For personal use only Revenue $m EBITDA $m 100 25 20 75 15 50 10 25 5 0 0 FY05 FY06 FY07 FY08 FY05 FY06 FY07 FY08 NPAT $m 15 SCEE has grown its earnings by: 12 • Being a tier 1 contractor to the 9 mining industry; 6 • Having a motivated team; and 3 • Maintaining tight overhead 0 FY0
Slide 9: Cash Flow
Cash Flow For personal use only $ millions FY08 Prospectus Net cash from operations* 13.5 11.9 N t cash Net h used d iin iinvesting ti (1 9) (1.9) (0 3) (0.3) Free cash flow 11.6 11.6 IPO costs (3 7) (3.7) (3 7) (3.7) Net cash from financing 8.6 8.6 Net increase in cash 16.5 16.5 Opening cash 9.2 9.
Slide 10: Balance Sheet
Balance Sheet For personal use only $ millions FY08 FY07 Total Current Assets 40.2 21.6 T t l Non-Current Total N C tAAssets t 79 7.9 62 6.2 Total Assets 48.1 27.8 Total Current Liabilities 13 7 13.7 13 9 13.9 Net Cash = $24.4m Total Non-Current Liabilities 0.7 1.1 Total Liabilities 14.4 15.0 Net As
Slide 11: Outlook
For personal use only Operational Highlights Financial Results Outlook
Slide 12: The Outlook: Upcoming Mining Projects
The Outlook Upcoming Mining Projects For personal use only Project Est. Start Est. Cost Date Worsley Alumina Jun 08 $1 500m $1,500m Balla Balla Jun 08 $603m Karara Iron Ore Jul 08 $1,700m Balmoral South Aug 08 $2,600m Sino Iron Project Sep 08 $5,200m Southdown Iron Ore Nov 08 $1,119m Wagerup Refiner
Slide 13: FY09 SCEE Outlook
FY09 SCEE Outlook For personal use only FY09 revenue under contract ~ $70m FY09 tenders d iin Strong FY09 St progress > $120m earnings growth Strong pipeline to be tendered Revenue guidance for FY09 is $120m
Slide 14: FY09 Challenges
FY09 Challenges For personal use only The Challenge The Impact The Solution Access to q quality y Creates revenue Overseas operations p tradesmen capacity constraints + loyal crew Competition is Potential to impact Large pipeline = increasing margins capacity constraints Tenders awarded at Potential
Slide 15: Conclusion
Conclusion For personal use only • Exceeded prospectus forecast. • Continued industry recognition with awards for quality and safety excellence. • Outlook for resource infrastructure investment is positive. • FY09 revenue guidance of $120m. • Strong cash flows and balance sheet. • First oil and gas
Slide 16: Important Notice
Important Notice For personal use only This presentation has been prepared by Southern Cross Electrical Engineering Limited (“the Company”) and provides background information about the Company’s activities. The information is current at the date of this presentation. The information is a summary an