Adf Group Inc. · TSX:DRX
Adf — Shareholder Meeting (June 2015)
33 slides from Adf's shareholder meeting presentation, Jun 10, 2015
Slide 1: Annual Meeting: A Year of Transition Toward Growth
ANNUAL MEETING A YEAR OF TRANSITION Wednesday, June 10, 2015 ADF Group Inc. Headquarters Terrebonne, Quebec, Canada TOWARD GROWTH
Slide 2: Management Committee
MANAGEMENT COMMITTEE JEAN PASCHINI Co‐Chairman of the Board of Directors and Chief Executive Officer PIERRE PASCHINI, Eng. President and Chief Operating Officer MARISE PASCHINI Executive Vice‐President, Treasurer and Corporate Secretary JEAN‐FRANÇOIS BOURSIER, CPA, CA Chief Financial Officer CAROLYN
Slide 3: Agenda
AGENDA 1. Opening of the Meeting and Quorum 2. Adoption of the Agenda 3. Adoption of the Minutes of the 2014 Annual Meeting of Shareholders 4. Auditor's Report and Receipt of the Consolidated Financial Statements for the Fiscal Year Ended January 31, 2015 5. Election of Directors 6. Appointment of t
Slide 4: Agenda
AGENDA 1. Opening of the Meeting and Quorum 2. Adoption of the Agenda 3. Adoption of the Minutes of the 2014 Annual Meeting of Shareholders 4. Auditor's Report and Receipt of the Consolidated Financial Statements for the Fiscal Year Ended January 31, 2015 5. Election of Directors 6. Appointment of t
Slide 5: Election of Directors
ELECTION OF DIRECTORS Jean Paschini Pierre Paschini, Eng. Marise Paschini Marc L. Belcourt, Eng. (ret.) Chief Executive Officer President and Chief Operating Officer EVP, Treasurer, Corp. Secretary Construction Consultant ADF Group Inc. ADF Group Inc. ADF Group Inc. . Michèle Desjardins Frank Di Tom
Slide 6: Agenda
AGENDA 1. Opening of the Meeting and Quorum 2. Adoption of the Agenda 3. Adoption of the Minutes of the 2014 Annual Meeting of Shareholders 4. Auditor's Report and Receipt of the Consolidated Financial Statements for the Fiscal Year Ended January 31, 2015 5. Election of Directors 6. Appointment of t
Slide 7: Management Report
MANAGEMENT REPORT 1. Review of the 2015 Fiscal Year 2. Financial Review 3. Market Development 4. A Look at Fiscal 2016
Slide 8: A Year of Transition Toward Growth
MANAGEMENT'S REPORT A YEAR OF TRANSITION TOWARD GROWTH Start‐up of our new US operations in Great Falls, Montana Construction of a new paint shop in Great Falls Economic recovery in several of our geographic markets
Slide 9: Main Achievements of Fiscal 2015: Fabrication Plant
MANAGEMENT'S REPORT Main Achievements of Fiscal 2015 FABRICATION PLANT (Great Falls, Montana) First full year of operation Doubled manpower in one year First fabrication contracts successfully completed Over 100,000 fabrication hours in hand Fabrication Plant Paint Shop Pre-Assembly Yard
Slide 10: Main Achievements of Fiscal 2015: New Paint Shop
MANAGEMENT'S REPORT Main Achievements of Fiscal 2015 NEW PAINT SHOP (Great Falls, Montana) Additional strategic investment of US$9.4M Improved competitiveness ― Enhanced overall offer : additions to our existing product and service mix ― Autonomy with regard to the procurement of surface treatme
Slide 11: Main Achievements of Fiscal 2015: New Contracts
MANAGEMENT'S REPORT Main Achievements of Fiscal 2015 NEW CONTRACTS Totalling $62M — 260,000 fabrication hours at January 31, 2015 : — Job creation at our Terrebonne, Great Falls and 2X more than in 2014 Miami locations — Split between our two fabrication plants — First contracts that will be carri
Slide 12: Management's Report: Financial Review Notice
MANAGEMENT'S REPORT 1. Review of the 2015 Fiscal Year 2. Financial Review 3. Market Development 4. A Look at Fiscal 2016 NOTICE This presentation contains forward‐looking statements reflecting ADF Group Inc.’s objectives and expectations, which by their very nature involve risks and uncertainties. C
Slide 13: Result Summary
MANAGEMENT'S REPORT Result Summary FISCAL YEARS ENDED JANUARY 31, 2015 2014 (in thousands of dollars and in dollars per share) $ $ Revenues 76,058 92,997 Gross margin 7,267 20,219 as a % of revenues 9.6% 21.7% EBITDA 1,594 14,234 as a % of revenues 2.1% 15.3% Net income (1,570) 7,682 Basic and dilut
Slide 14: Cash Flow Summary
MANAGEMENT'S REPORT Cash Flow Summary FISCAL YEARS ENDED JANUARY 31, 2015 2014 (in thousands of dollars) $ $ Cash flow from operations 1,420 13,744 Acquisition of property, plant and equipment, and intangible assets (14,233) (23,171) Debt reimbursement (1,857) (2,619) Debt issuance 5,516 4,819 Divid
Slide 15: Long-Term Financial Position
MANAGEMENT'S REPORT Long‐Term Financial Position AS AT JANUARY 31 (in millions of dollars) Shareholders' Equity Total indebtedness 104.0 101.8 10.1 93.8 93.0 91.4 8.7 6.2 6.0 3.7 11 12 13 14 15 11 12 13 14 15
Slide 16: Short-Term Financial Position
MANAGEMENT'S REPORT Short‐Term Financial Position AS AT JANUARY 31 (in millions of dollars) Working Capital Available Liquidities 42.6 27.1 36.8 35.0 24.5 21.5 29.6 19.5 19.5 8.7 11 12 13 14 15 11 12 13 14 15
Slide 17: Result Summary: First Quarter
MANAGEMENT'S REPORT Result Summary FIRST QUARTER ENDED APRIL 30, 2015 2014 (in thousands of dollars and in dollars per share) $ $ Revenues 28,682 24,402 Gross margin 3,568 2,832 as a % of revenues 12.4% 11.6% EBITDA 1,838 1,406 as a % of revenues 6.4% 5.8% Net income 57 471 Basic and diluted earning
Slide 18: Cash Flow Summary: First Quarter
MANAGEMENT'S REPORT Cash Flow Summary FIRST QUARTERS ENDED APRIL 30, 2015 2014 (in thousands of dollars) $ $ Cash flow used in operating activities (1,611) (1,495) Acquisition of property, plant and equipment, and intangible assets (1,710) (2,603) Issuance of a new long‐term debt ― 5,516 Debt reimbu
Slide 19: Short-Term Financial Position: First Quarter
MANAGEMENT'S REPORT Short‐Term Financial Position FIRST QUARTER ENDED APRIL 30, 2015 (in millions of dollars) Working Capital Available Liquidities 42,6 27.1 36,8 35,0 24.5 21.5 29,6 19.5 19,5 18,3 4.5 8.7 11 12 13 14 15 T1‐16 11 12 13 14 15 Q1‐16 At January 31 April 30, 2015 At January 31, April 30
Slide 20: Financial Objectives Fiscal 2016
MANAGEMENT'S REPORT Financial Objectives Fiscal 2016 PRIORITIES Renew the backlog ($65.3M at April 30, 2015) Annual capex program (estimated at approximately $5.0M) Maintain dividend policy ($0.02 per year) Renew the AMF Certificate (Bill No. 1)
Slide 21: Management's Report
MANAGEMENT'S REPORT 1. Review of the 2015 Fiscal Year 2. Financial Review 3. Market Development 4. A Look at Fiscal 2016
Slide 22: Resources and Capacities: A Larger Geographical Coverage
MANAGEMENT'S REPORT Resources and Capacities A LARGER GEOGRAPHICAL COVERAGE ADF’S Complex ‐ Terrebonne Headquarters Fabrication Complex (Terrebonne, Quebec) Sales Office Pre‐assembly shop (Miami Gardens, Florida) Long‐Standing Domestic and Traditional Markets ― New York and Florida offer better grow
Slide 23: Resources and Capacities: A Larger Geographical Coverage
MANAGEMENT'S REPORT Resources and Capacities A LARGER GEOGRAPHICAL COVERAGE Headquarters Fabrication Complex Sales Office (Terrebonne, Quebec) Fabrication Plant Pre‐assembly Yard Paint Shop (Great Falls, Montana) Sales Office Pre‐assembly shop (Miami Gardens, Florida) Well‐Positioned ― Close to diff
Slide 24: Order Backlog
MANAGEMENT'S REPORT Order Backlog 65.3 48.0 35.8 34.0 Jan. 13 Jan. 14 Jan. 15 April 2015 More geographic markets ; several market segments ― Projects awarded on Canada’s and USA East Coast carried out at the Terrebonne fabrication plant ― Projects signed in British Columbia, Saskatchewan, Montana, M
Slide 25: Order Backlog: Terrebonne Fabrication Plant
MANAGEMENT'S REPORT Order Backlog TERREBONNE FABRICATION PLANT Fiscal 2015 Contracts — Major contract in the commercial buildings sector, in New York — Series of contracts obtained in Florida, for which fabrication work is scheduled to start in May 2015) — In Quebec, ADF was active in the recreati
Slide 26: Order Backlog: Great Falls Fabrication Plant
MANAGEMENT'S REPORT Order Backlog GREAT FALLS FABRICATION PLANT Fiscal 2015 Contracts — 5,000 tons of steel structures in hand : bridge structures and steel structures for different industrial and commercial buildings — Increasingly complex contracts — Achieved productivity gain — Additional job c
Slide 27: Order Backlog: Great Falls Paint Shop
MANAGEMENT'S REPORT Order Backlog GREAT FALLS PAINT SHOP Contracts signed during the first months of operation — First 30,000 hours in the backlog — Diverse sectors and client‐base — Contracts in Canada and USA
Slide 28: Objectives for Fiscal 2016: Outlook
MANAGEMENT'S REPORT Objectives for Fiscal 2016 OUTLOOK Targeted markets recording growth Strengthened marketing strategy + $100 million in new contracts since October 2014 Positioned on numerous calls for tenders for projects in the segments and markets served by ADF Continue offering attr
Slide 29: Management's Report
MANAGEMENT'S REPORT 1. Review of the 2015 Fiscal Year 2. Financial Review 3. Market Development 4. A Look at Fiscal 2016
Slide 30: A Look at Fiscal 2016: Objectives
MANAGEMENT'S REPORT A Look at Fiscal 2016 OBJECTIVES Clear Strategy ― SOLID FINANCIAL POSITION Available flexibility to pursue ADF’s development ― STRATEGIC INVESTMENTS Close to $40 million in two years Cutting‐edge equipment and maintaining assets current ― COMMERCIAL FORCE Three plants in North
Slide 31: Three Facilities in North America
MANAGEMENT'S REPORT A Look at Fiscal 2016 OBJECTIVES Three Facilities in North America ADF Group Inc.. ‐ Terrebonne ADF International inc. – Great Falls, Montana ADF Industrial Coating inc. – Great Falls, Montana Industrial Land: 6 million sq.ft. Pre‐Assembly Yard: 2.6 million sq.ft. Production Area
Slide 32: 60 Years of History: Tribute to Giacomo Paschini
TRIBUTE TO GIACOMO PASCHINI After humble beginnings, in a small abandoned stable where only one blacksmith worked, ADF Group is today a North American leader 2016 60 YEARS OF HISTORY
Slide 33: Annual Meeting of Shareholders 2015
ANNUAL MEETING OF SHAREHOLDERS 2015 Wednesday, June 10, 2015 ADF Group Inc. Headquarters Terrebonne, Quebec, Canada