Slide 1: Cover letter to ASX: Trading Update and CEO Presentation
Brambles Limited ABN 89 118 896 021 Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia GPO Box 4173 Sydney NSW 2001 Tel +61 2 9256 5222 Fax +61 2 9256 5299 www.brambles.com For personal use only 6 May 2010 The Manager - Listings Australian Securities Exchange Limited Exchange Centre 20 Bri
Slide 2: Brambles releases trading update for nine months ended March 2010
ASX/Media Release 6 May 2010 Brambles releases trading update for the nine months ended March 2010 Brambles today reported sales revenue for the nine months ended March 2010 was 1% 1 lower than the prior corresponding period. This reflected the slow rate of economic recovery in major operating regio
Slide 3: Presentation to Macquarie Australia Conference
For personal use only Presentation to Macquarie Australia Conference Tom Gorman, CEO 6 May 2010 Agenda Brambles overview New leadership… six months on Financial recap Trading update Q&A 2 1
Slide 4: Brambles Overview: Business Profile
For personal use only Brambles Overview Business Profile Leading global provider of supply chain and information management solutions Two businesses: 4 2
Slide 5: Business Profile (continued) and Business Segmentation
Business Profile (continued) For personal use only FY09 financials • Revenue: US$4 billion • Operating profit: US$718 million Total assets: US$5.2 billion (31 December 2009) Operations in 47 countries More than 12,000 employees *Actual currency basis 5 Business Segmentation Business FY09 Sal
Slide 6: Meeting Customer Needs
For personal use only Meeting Customer Needs Intermediate Reusable Plastic Automotive Pallets Bulk Containers Containers Containers 8 4
Slide 7: How Pallet Pooling Works
How Pallet Pooling Works For personal use only Manufacturer Service Centre (Emitter) Retailer Service Centre (Distributor) Service Centre Manufacturer (Emitter) Retailer (Distributor) Service Centre 1. CHEP issues ready-for-use 2. Upon receipt of CHEP 3. At the end of the supply chain, 4. CHEP inspe
Slide 8: Meeting Customer Needs: Recall services
For personal use only Meeting Customer Needs Document Management Solutions (DMS) • Secure indexing, storage, image capture and retrieval of physical and digital documents Secure Destruction Services (SDS) • Confidential destruction of sensitive documents, other media and items of high intrinsic
Slide 9: Sales by Service Line / New Leadership
Sales by Service Line For personal use only 10% FY09 Sales Revenue (US$M) 21% DMS 471 SDS 146 69% DPS 69 *Actual currency basis 13 New Leadership – Six Months On… 7
Slide 10: New Leadership: Priorities
New Leadership For personal use only Priorities Leadership and organisation Established behaviours Metrics 15 Priorities Customer service and quality Profitable growth Cost competitiveness People Corporate social responsibility 16 8
Slide 11: Leadership & Organisation
Leadership & Organisation For personal use only Brambles Executive Leadership Team Tom Gorman CEO Greg Hayes CFO Jim Ritchie Group President, CHEP Americas Nick Smith Group SVP, HR Dolph Westerbos Group President, CHEP EMEA Jasper Judd Group SVP, Innovation Peter Mackie Group President, Kevin Shuba
Slide 12: Financial Recap: 1H10 Result Overview
For personal use only Financial Recap 1H10 Result Overview Solid financial discipline • Cash flow • Balance sheet Sales negatively impacted by economic weakness • USA • Western Europe Winning business in all regions Continuing long-term investment • Better Everyday in CHEP USA • Growth marke
Slide 13: Better Everyday (CHEP USA) and 1H10 Result Summary
Better Everyday (CHEP USA) For personal use only Rollout progressing on target • US$65M expenditure in 1H10 in line with plan Pallet quality and service improvements • Positive reaction to new repair specifications • All quality and satisfaction metrics positive Ease of doing business • Portfo
Slide 14: Strong Cash Flow and Capital Expenditure
Strong Cash Flow For personal use only US$M (Actual rates) 1H10 1H09 Change EBITDA 562.1 627.4 (65.3) Capital expenditure (254.6) (400.1) 145.5 Proceeds from disposals 43.6 41.2 2.4 Working capital movement (21.4) (65.5) 44.1 Irrecoverable pooling equipment provision 60.2 36.5 23.7 Provisions/other
Slide 15: Trading Update – Group
For personal use only Trading Update Trading Update – Group Group sales revenue down 1% vs. prior corresponding period in nine months ended March 2010 • Slow rate of economic recovery in major operating regions (USA, UK, Spain) • Impact on CHEP USA of business losses Comparable trading performan
Slide 16: Trading Update – Business Units
Trading Update – Business Units For personal use only In nine months ended March 2010: CHEP Americas’ sales revenue down 4% • CHEP USA organic volumes yet to improve • New business insufficient to offset customer losses CHEP EMEA sales revenue flat • Net new business wins offset decline in organ
Slide 17: Trading Update – Outlook
Trading Update – Outlook For personal use only Continue to be well-placed to benefit from broad-based recovery when it occurs Continue to focus on pursuing profitable growth opportunities Subject to unforeseen circumstances • Expect FY10 group sales revenue broadly in line with FY09, on a cons
Slide 18: Contact Details
For personal use only Presentation to Macquarie Australia Conference Tom Gorman, CEO 6 May 2010 Contact Details Cathy Press Group Vice President, Capital Markets cathy.press@brambles.com +61 2 9256 5241 +61 419 290 745 James Hall Manager, Investor Relations & Corporate Affairs james.hall@brambles.co
Slide 19: Disclaimer Statement
Disclaimer Statement For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and