Slide 1: Analyst Presentation — February 2003
nalyst Presentation — February 2003 e Full Year Results 31 December 2002 e Capral Strategy Greg L’Estrange ~ Managing Director Nigel Chalk — Finance Director CAPRA ALUM EME
Slide 2: Full Year Results
Full Year Results 31 December 2002 CAPRA ALUM EME
Slide 3: Earnings Summary
Earnings Summary Full Year 31 December 2002 000's 2002. 2001 Revenue from operating activities 440,327 517,226 : Revenue from outside the operating activities 36,177 52,948]: “ Total Revenue 476,504 570,174]. ~ EBITDA 18,033 13,410|° “ D&A 12,356 14,072] - ~ EBIT 5,677 (662): ‘Interest Expense (2,14
Slide 4: Full Year Revenue and EBIT
Full Year 31 December 2002 Revenue from operating activities Sales Revenue Australia - core business Other (primarily scrap sales) Sales Revenue Australia - closed business Sales Revenue New Zealand EBIT Significant non operating items : Granville disposal Disposal of other properties Write down of
Slide 5: Architectural Industrial Automotive Centres
Architectural Industrial Automotive Centres @ 2001 @ 2002 CAPRAL ALUM INE
Slide 6: Full Year Sales and Distribution Costs
Full Year 31 December 2002 2002 3001 Warehouse Overheads 7,976 6,180 Selling Expenses 37,223 40,483 Total Sales & Distribution 45,199 46,663 Information Technology 9,685 7,714 Corporate Overheads 9,752 10,804 64,636 | 65,181 ALUM INE CAPRAL
Slide 7: Balance Sheet
Cash « Receivables : Inventories « Payables . Borrowings . Provisions . Other Current Assets & Liabilities Total *, Long Term Assets & Liabilities * Receivables * Tangible Fixed Assets ~ Intangible Assets « Deferred Tax Assets ‘ New Zealand Investment » Deferred Tax Liabilities : Provisions ‘ Other
Slide 8: Operating Working Capital
-Current Assets ‘Receivables “Inventories - Other Current Assets “Current Liabilites - Payables ‘Other Provisions Operating Working Capital Ratio to Sales ‘Movement - Year on Year -* Inchides NZ Revenue & Working Capital 2002 59,708 47,797 3,361 (49,383) (10,412) (53,266) (12,314) (65,975)| (33,031)
Slide 9: Cash Flow
“Cash Flow Full Year 31 December 2002 000s | 2002 2001 ‘Net Cash Inflow /(Outflow) from Operating Activities 45,652 (24,533)] :’ Cash Flows from Investing Activities -Expenditure on Information Systems (4,414) (287) », Capital Expenditure (36,637) (21,429)} “Proceeds from Sale of Businesses 0 11,488
Slide 10: Progress on December 2001 Undertakings for 2002
Measure Subject 1) Property Sales $21m 2) Working Capital $25m 3) Headcount 161 4) One System In place 5) New Zealand Path forward 6) Pricing Margin ) ) 7) Warehouses Consolidated 8) Modernisation June 2003 _ Progress on December 2001 Undertakings for 2002 Status Achieved $28.5m achieved 169 achieve
Slide 11: Capral Strategy
a ion CAGCRAL Analyst Presentat
Slide 12: Png? Ge Set,
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Slide 13: CAPRAL
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Slide 15: CAPRAL
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Slide 17: CAPRAL
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