Maxiparts Limited · ASX:MXI
Maxiparts — MaxiTRANS Industries — Shareholder Meeting (October 2013)
14 slides from Maxiparts's shareholder meeting presentation, Oct 18, 2013
Slide 1: MaxiTRANS Industries Limited Annual General Meeting
For personal use only MaxiTRANS Industries Limited Annual General Meeting 18th October, 2013
Slide 2: 2013 Year in Review
2013 Year in Review For personal use only • Record revenue and profit • Underpinned by: • Successful integration of acquisitions • Exposure to a wider variety of industry sectors • Stable revenue and profit streams from Parts & Service • Improvement in manufacturing performance • Resulting in: • EPS
Slide 3: Financial Highlights
Financial Highlights For personal use only FY12 FY13 % change $000 $000 on FY12 Revenue $276,767 $362,534 31% EBITDA $23,549 $44,219 88% NPBT $16,795 $36,358 116% NPAT attributable to $12,334 $25,965 111% MXI equity holders CAPITAL EXPENDITURE: $6.7m FRANKING CREDITS: CREDITS: $6.7m (as at 18 Octobe
Slide 4: Financial Highlights (cont.)
Financial Highlights (cont.) For personal use only FY12 FY13 % change on $000 $000 FY12 Operating cash flow $17,567 $23,543 34% Net debt $26,093 $24,601 -6% Net debt/equity % 26% 21% -5% points EPS (basic) (cents) 6.70 14.11 111% Total dividends declared 4.25 8.5 100% (cents) Total dividend as % of
Slide 5: Growth in Parts & Service
Growth in Parts & Service - External Sales and NPBT contribution by segment For personal use only • In line with the Board’s FY08 FY13 strategy of increasing Parts 1% 1% and Service revenue to 50- New Trailers, 60% of the Company’s Vans & Tippers 16% external sales revenue; Parts and 35% • Achieved
Slide 6: Major Achievements in FY13
Major Achievements in FY13 • Successful integration of FY12 acquisitions For personal use only • QDS (acquired April, 2012, annualised revenue $40m at acquisition) • Now fully integrated • Added product ranges • Added market sectors • Synergies • AZMEB (acquired May 2012, annualised revenue $20m at
Slide 7: Trailers & Vans Unit sales up 26% on pcp
Trailers & Vans FY13 For personal use only • Unit sales up 26% on pcp • Maxi-CUBE unit sales up 8% on pcp • Freighter unit sales up 31% on pcp • Strong demand from resources sector drove up sales of semi-trailers and road trains • Container movement growth drove demand for skeletal trailers • Volume
Slide 8: Tippers Unit sales up 36% on pcp
Tippers FY13 For personal use only • Unit sales up 36% on pcp (with the inclusion of AZMEB in FY13) • Demand depressed by poor agricultural season and soft housing and construction sectors • Demand was strong in the resources sector for Lusty EMS and AZMEB products until late FY13 • AZMEB has improv
Slide 9: New Zealand Unit sales down 9% on pcp
New Zealand FY13 For personal use only • Unit sales down 9% on pcp • Challenging market environment: • uncertainty surrounding new road user charges • generally soft economic climate • New Freighter products have broadened customer base and sales potential • Strong order bank at year end • New manuf
Slide 10: Parts & Service External revenue up 40% on pcp
Parts & Service FY13 For personal use only • External revenue up 40% on pcp • Parts & Service contributes 35% of MaxiTRANS revenue and 36% of segment profit before tax • Successful integration of QDS provides: • platform for future growth in Qld • opportunities to service current and future projects
Slide 11: Maxi-CUBE Tong Composites (MTC) – China
Maxi- Maxi-CUBE Tong Composites (MTC) – China FY13 For personal use only • Revenue and profit in line with pcp • Transition to new factory • Demand for panel in local China market remains strong • Burgeoning middle class: • Expanding western style supermarkets New MTC Panels factory Demand for weste
Slide 12: Dealerships & Joint Ventures FY13
Dealerships & Joint Ventures FY13 For personal use only Transport Connection (80%) Trailer Sales (36.67%) • Acquired October 2012 • Qld dealer for Freighter and Maxi-CUBE • Integration successfully completed • Awarded distribution rights for Hamelex White in all of Queensland • Originally our Hamele
Slide 13: Outlook FY14
Outlook FY14 For personal use only • Order intake for trailers in Australia continues to soften due to weakening levels of consumer and business demand combined with drought conditions in most of Queensland. • Subdued activity is also prompting price competition, thus impacting margins • Similarly,
Slide 14: For personal use only
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