Maxiparts Limited · ASX:MXI

Maxiparts — MaxiTRANS Industries — Shareholder Meeting (October 2010)

14 slides from Maxiparts's shareholder meeting presentation, Oct 15, 2010

  1. Slide 1: MaxiTRANS Industries Limited Annual General Meeting

    For personal use only MaxiTRANS Industries Limited Annual General Meeting, 15th October 2010

  2. Slide 2: Financial Highlights

    Financial Highlights For personal use only Sales $M Underlying NPAT $M 350 18 300 16 14 250 12 200 10 150 8 100 6 4 50 2 0 0 FY07 FY08 FY09 FY10 FY07 FY08 FY09* FY10* *Excludes impact of impairment charges and restructuring costs 2

  3. Slide 3: FY10 Overview

    FY10 Overview For personal use only • Reasonable order banks across all brands at start of year • Order intake in 1H10 up 24% on pcp, offset by softer order intake in 2H10 (up 6% on pcp) • Negative change in market sentiment from April 2010 • Full year unit sales and revenue down 7% on pcp • Margins

  4. Slide 4: Financial Highlights

    Financial Highlights For personal use only FY07 FY08 FY09 FY10 % Change $000 $000 $000 $000 on FY09 Sales 236,553 290,740 252,621 235,387 -7% Underlying 18,180 30,309 14,904* 15,959** +7% EBITDA Underlying 9,800 21,943 6,572* 8,342** +27% NPBT Underlying 8,018 16,101 5,243* 6,619** +26% NPAT Impairm

  5. Slide 5: Financial Highlights (cont)

    Financial Highlights (cont) For personal use only FY07 FY08 FY09 FY10 $000 $000 $000 $000 Operating Cash Flow 5,543 18,600 14,072 8,723 Net Debt 39,385 32,574 24,236 21,905 Net Debt/Equity % 51% 36% 29% 25% EPS (Basic) 4.67 cents 9.38 cents 3.02 cents* 3.64 cents** Dividend declared 4.0 cents 5.5 ce

  6. Slide 6: Strategic Initiatives

    Strategic Initiatives For personal use only • MANUFACTURING − Consolidation of manufacturing operations – 6 manufacturing sites reduced to 4 – Benefits: – Improves competitiveness of all brands – Improves ROIC – Frees up significant capital ($12m) • DISTRIBUTION: − MaxiTRANS WA Branch opened July 20

  7. Slide 7: Trailers

    Trailers For personal use only • Unit Sales: — FY10 = pcp — 1Q11 down 23% on 4Q10 • Order Intake: — FY10 up 33% on pcp — 1Q11 down 30% on 4Q10 Outback • Freighter Outback launched • Fleetsaver Skel launched • Order intake remains subdued. Fleetsaver Skel 7

  8. Slide 8: Vans

    Vans For personal use only • Unit Sales (vans plus rigid bodies): — FY10 down 16%on pcp — 1Q11 down 53% on 4Q10 • Order Intake (vans plus rigid bodies): — FY10 down 3% on pcp — 1Q11 up 253% on 4Q10 • Maxi-CUBE Classic C-Series launched (full chassis van) • ecoFridge under field trial – silent & “nil

  9. Slide 9: Tippers

    Tippers For personal use only • Unit Sales: — FY10 down 10%on pcp — 1Q11 down 7% on 4Q10 • Order Intake: — FY10 up 9% on pcp — 1Q11 down 47% on 4Q10 PBS Truck & Dog • “Truck and Dog” market remains depressed • Surplus used equipment adversely impacting demand • Major contract boosted year end order

  10. Slide 10: Parts

    Parts For personal use only • Record profit contribution in FY10 • New and expanded product ranges − Alloy and steel wheels − Tyres − Major market share gains in suspension sales • Major component supply contract won - Gorgon project Disc Brake Suspension • Strong export growth expected in FY11 • Ex

  11. Slide 11: New Zealand

    New Zealand For personal use only • Unit Sales: − FY10 in line with pcp − 1Q11 down 38% on 4Q10 • Order Intake: − FY10 down 44% on pcp − 1Q11 down 45% on 4Q10 • FY10 Trailer market down 57% on FY08 • Uncertainty re regulations and road tax • Economy slow • Credit tight • Land acquired for new factor

  12. Slide 12: Joint Ventures

    Joint Ventures For personal use only Freighter Maxi-CUBE Qld (36.67%): • Solid contribution in a difficult market • Market conditions remain challenging Yangzhou Maxi-CUBE Tong Composites Co. Ltd. (50%) • Improved trading conditions • Contribution increased 29% on pcp. 12

  13. Slide 13: Outlook FY11

    Outlook FY11 For personal use only • ASX Trading Update 4th Oct. 2010 – 1H11 underlying NPAT expected to be 70-80% lower than pcp • Colrain expected to continue to perform well • Bank facilities extended to 2012 • Positive contribution from restructured manufacturing footprint expected in 2H11 • Wel

  14. Slide 14: For personal use only

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