Slide 1: Results for the Year Ended 30 June 2012
RESULTS FOR THE YEAR ENDED 30 JUNE 2012 Presentation on 28 August 2012
Slide 2: Disclaimer
Disclaimer Basis of preparation of slides Included in this presentation is data prepared by the management of Seven Group Holdings Limited (SGH) and other associated entities and investments. This data is included for information purposes only and has not been subject to the same level of review b
Slide 3: Today's Agenda
Today’s Agenda Overview Peter Gammell Industrial Services WesTrac Group Jim Walker AllightSykes Peter Gammell Coates Hire Group Peter Gammell Media & Other Investments Peter Gammell Financials Andrew Harrison Outlook and Subsequent Events Peter Gammell Closing and Questions Peter G
Slide 4: Overview
Overview Industrial Services Media Investments 33% + $250m RCPS 25% 11% ~$238m 100% Australia ~$433m 100% 50% Listed Portfolio 100% China 50% 100% 100% 45% 100% Notes: 1. Group structure as at 30 June 2012 2. Investment values as at 30 June 2012 50% 3. Seven West Media investment includes 33% of SWM
Slide 5: 2012 Highlights
2012 Highlights Record Revenue, EBIT Outstanding performance by WesTrac Australia, and NPAT driven by strong AllightSykes and Coates Hire, slightly offset by softer Industrial Services trading conditions in China performance Ongoing softness in key media markets Bucyrus completed Jun 2012 (US$
Slide 6: Key Financial Numbers
Key Financial Numbers Total Group – Full-Year Result Year Ended Year Ended % Change 30 Jun 2012 30 June 2011 Trading revenue $ 4,456.4 m $ 3,162.8 m 41% EBITDA 1, 2 $ 629.8 m $ 420.8 m 50% Underlying net profit after tax (excluding significant items) 2 $ 343.2 m $ 248.3 m 38% Significant items (incl
Slide 7: Segment Analysis
Segment Analysis Total Group – 2012 Segment Results Trading Revenue Segment EBIT 4.7% 1.3% 0.8% 4.3% 1.7% (1.5)% 15.0% 19.9% 32.8% 23.1% 9.6% 53.3% 1.9% 66.3% 71.0% 1.5% 5.9% 79.0% 7.1% 2.3% FY12 $4,456m FY11 $3,163m FY12 $584m FY11 $386m WesTrac Australia WesTrac China WesTrac Australia WesTrac Chi
Slide 8: Today's Agenda
Today’s Agenda Overview Peter Gammell Industrial Services WesTrac Group Jim Walker AllightSykes Peter Gammell Coates Hire Group Peter Gammell Media & Other Investments Peter Gammell Financials Andrew Harrison Outlook and Subsequent Events Peter Gammell Closing and Questions Peter G
Slide 9: WesTrac Australia – 2012 v 2011
WesTrac Australia – 2012 v 2011 Full-Year Result 82% product sales growth Year Ended Year Ended Change $m 30 June 2012 30 June 2011 % Driven by coal and iron ore mining WesTrac Australia 26% product support sales - Product sales 2,240.0 1,232.3 82% - Product support 1,279.1 1,012.9 26% growth
Slide 10: WesTrac Australia – Bucyrus Acquisition
WesTrac Australia Bucyrus Acquisition Acquisition completed on 1 June 2012 Integrated into WesTrac management structure Trading as WesTrac Expanded Mining Products (EMP) Limited cutover issues from CAT ownership Early financial results broadly in line with expectations FY12 Results Present
Slide 11: WesTrac Australia – Expanded Operations
WesTrac Australia Expanded Operations Tomago operations have now commenced Parts Distribution Centre and Customer Service Centre nearing completion Construction by lessor completed Jul 2012 Under construction by lessor with 23 hectare site including 12,000m2 semi- operations due to commence Se
Slide 12: WesTrac China – (USD) 2012 v 2011
WesTrac China – (USD) 2012 v 2011 Full-Year Result Product sales lower vs. prior year Year Ended Year Ended Change due to softening in construction USD $m 30 June 2012 30 June 2011 % market Excavator industry sales fell by 39% in WesTrac China WesTrac China’s territory in FY121 - Product sales 5
Slide 13: AllightSykes
AllightSykes Full-Year Result SGH moved to 100% ownership Year Ended Year Ended Change AllightSykes $m 30 June 2012 30 June 2011 % of AllightSykes (via National Hire) Revenue 210.3 135.1 56% on 25 January 2012 Other income 2.8 2.2 27% Product sales and support Operating costs (198.8) (126.6) 57%
Slide 14: Coates Hire Group
Coates Hire Group Full-Year Result SGH share of profit from Coates Year Ended Year Ended Change Coates Hire $m 30 June 2012 30 June 2011 % Hire (equity accounted investee) Revenue & other income 1,293.0 1,057.4 22% is 147% above prior year EBIT 317.9 226.6 40% Coates Hire revenue $1,293m – SGH s
Slide 15: Industrial Services – The Next Months
Industrial Services The Next 12 Months Continuing activity in mining markets expected to drive further revenue growth in Australia for WesTrac, AllightSykes and Coates Hire, subject to the continuation of key mining projects Bucyrus integration underway with full year contribution from EMP in 20
Slide 16: Today's Agenda
Today’s Agenda Overview Peter Gammell Industrial Services WesTrac Group Jim Walker AllightSykes Peter Gammell Coates Hire Group Peter Gammell Media & Other Investments Peter Gammell Financials Andrew Harrison Outlook and Subsequent Events Peter Gammell Closing and Questions Peter G
Slide 17: Media Investments P&L
Media Investments P&L Excluding Significant Items Year Ended Year Ended Change In April 2011 SGH’s $m 30 June 2012 30 June 2011 % media investments in Share of associates Seven Media Group and West Australian - Seven West Media1 71.1 94.1 -24% Newspaper Holdings - Consolidated Media Holdings2 21.1
Slide 18: Seven West Media Overview
Seven West Media Overview Other Investors (Free Float) ~33% ~56% ~12% 100% 100% 100% FTA Television Newspapers Magazines Online 50%Other Other Media Assets Australia’s leading FTA #1 newspaper in WA (The Australia’s second largest JV and online partnership with Nine radio stations across t
Slide 19: Seven West Media 2012 Highlights
Seven West Media 2012 Highlights Group EBIT of $473.4m, down 14% on pro-forma EBIT Breakdown By Division prior year, Group EBIT margin of 24.2% EBIT above April 2012 market guidance Margin reflects strong performance of underlying Other Electronic $26.4m Media / Other businesses in a difficult
Slide 20: Seven West Media Financials
Seven West Media Financials Total Television EBIT of $291m down 15% due to subdued Revenue FY12 FY11 PF Change % advertising market, achieved 40% revenue share in H2 ($m) Television 1,262.4 1,229.2 2.7% Number 1 in 2012 YTD television season in news, public affairs, Newspapers 348.4 367.5 (5.2%)
Slide 21: Consolidated Media Holdings
Consolidated Media Holdings Overview Foxtel completed the $2bn acquisition of Austar CMH Result ($m) FY12 FY11 Change % in May 2012 to create a national subscription TV Foxtel revenue (100%) 2,220.0 2,120.0 4.7% service, CMH contributed $222m in funding Fox Sports revenue (100%) 498.1 475.1 4.8% F
Slide 22: Other Investments P&L
Other Investments P&L Year Ended Year Ended Change FY12 revenue $m 30 June 2012 30 June 2011 % growth based on stronger trading in Revenue 56.7 52.6 8% both vividwireless Other income 43.6 34.7 26% and Engin Share of results from equity accounted investees 0.6 1.3 -54% On 19 June 2012, Total rev
Slide 23: Today's Agenda
Today’s Agenda Overview Peter Gammell Industrial Services WesTrac Group Jim Walker AllightSykes Peter Gammell Coates Hire Group Peter Gammell Media & Other Investments Peter Gammell Financials Andrew Harrison Outlook and Subsequent Events Peter Gammell Closing and Questions Peter G
Slide 24: Consolidated Profit and Loss
Consolidated Profit and Loss Underlying Performance Year ended Year ended Change Please refer to $m 30 June 2012 30 June 2011 % the Appendix 4E Revenue 4,456.4 3,162.8 41% for the detailed Other income 86.6 64.8 34% statutory Share of results from equity accounted investees 154.8 143.6 8% presenta
Slide 25: Summary of Significant Items
Summary of Significant Items Year Ended Year Ended $m 30 June 2012 30 June 2011 Gain on sale - vividwireless 129.8 - SWM equity investment marked to market (483.5) (239.1) CMH equity investment (2011 impairment reversal) 66.6 (66.6) Impairment - other (0.3) (18.7) Other - gains / fair value movement
Slide 26: Consolidated Investment Listing
Consolidated Investment Listing Total Group 24 Aug 2012 30 June 30 June $m Market Value 4 2012 2011 Seven West Media (Ordinary shares + RCPS) 3, 4, 5, 6 580.9 638.4 962.3 Listed Portfolio 1, 4 446.6 432.9 354.5 Agricultural Bank of China 2, 4 229.7 237.9 297.8 Consolidated Media Holdings 3, 4 491.3
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet Total Group As at As at Change $m 30 June 2012 30 June 2011 % Trade and other receivables 920.5 554.3 66% Inventories 1,384.6 989.6 40% Intangible assets 749.1 526.2 42% Investments 2,203.7 2,366.4 -7% Fixed assets 293.3 264.9 11% Other assets 35.2 24.5 44% Trade and other
Slide 28: Consolidated Net Debt Movement
Consolidated Net Debt Movement Total Group Net debt (excl. derivatives) 30 June 2011 (837.1) Primary driver of net debt Significant investment items: increase in FY12 was major - Bucyrus (EMP) including transaction costs (426.1) investment activity - Vividwireless proceeds 170.0 Significant oper
Slide 29: Consolidated Debt Maturity Profile
Consolidated Debt Maturity Profile Total Group as at 30 June 2012 (refer disclaimer) Debt maturity profile China Australia Cash - excluding derivatives At 30 June 2012 there was 600 $819.3m of available 505 undrawn group borrowing 500 facilities. AUD m 400 347 Current “<1 year” debt includes a n
Slide 30: Today's Agenda
Today’s Agenda Overview Peter Gammell Industrial Services WesTrac Group Jim Walker AllightSykes Peter Gammell Coates Hire Group Peter Gammell Media & Other Investments Peter Gammell Financials Andrew Harrison Outlook and Subsequent Events Peter Gammell Closing and Questions Peter G
Slide 31: Outlook & Subsequent Events
Outlook & Subsequent Events Subsequent events On 27 July SGH participated in the SWM rights issue to its full entitlement at a cost of $146m. These shares were acquired at $1.32 per share. Outlook – refer disclaimer The current level of activity in the mining and resources sector position WesTra
Slide 32: Today's Agenda
Today’s Agenda Overview Peter Gammell Industrial Services WesTrac Group Jim Walker AllightSykes Peter Gammell Coates Hire Group Peter Gammell Media & Other Investments Peter Gammell Financials Andrew Harrison Outlook and Subsequent Events Peter Gammell Closing and Questions Peter G
Slide 33: Slide 33
FY12 Results Presentation 28 August 2012 Slide 33