Institutional Roadshow Presentation
|
|
- Rudolf Woods
- 6 years ago
- Views:
Transcription
1 LIMITED Institutional Roadshow Presentation Kirby Adams, Managing Director and Chief Executive Officer Brian Kruger, Chief Financial Officer June / July 2002 Originally issued by. On 17 November 2003 became BlueScope Steel Limited.
2 Important Notice THIS PRESENTATION IS NOT AND DOES NOT FORM PART OF AN OFFER, INVITATION OR RECOMMENDATION IN RESPECT OF SECURITIES. ANY DECISION TO PURCHASE OR SUBSCRIBE FOR BHP STEEL LIMITED SECURITIES UNDER THE INSTITUTIONAL OFFER MUST BE MADE SOLELY ON THE BASIS OF THE INFORMATION CONTAINED IN THE INSTITUTIONAL OFFER MEMORANDUM ISSUED IN CONNECTION WITH THE OFFERING, IF NECESSARY AFTER SEEKING APPROPRIATE FINANCIAL ADVICE. RELIANCE SHOULD NOT BE PLACED ON INFORMATION OR OPINIONS CONTAINED IN THIS PRESENTATION. THIS PRESENTATION DOES NOT TAKE INTO CONSIDERATION THE INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR PARTICULAR NEEDS OF ANY PARTICULAR INVESTOR. TO THE FULLEST EXTENT PERMITTED BY LAW, ABN AMRO ROTHSCHILD, CREDIT SUISSE FIRST BOSTON AUSTRALIA LIMITED, BHP BILLITON LIMITED AND BHP STEEL LIMITED AND THEIR AFFILIATES AND RELATED BODIES CORPORATE, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS, ACCEPT NO RESPONSIBILITY FOR ANY INFORMATION PROVIDED IN THIS PRESENTATION, INCLUDING ANY FORWARD LOOKING INFORMATION, AND DISCLAIM ANY LIABILITY WHATSOEVER (INCLUDING FOR NEGLIGENCE) FOR ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THIS PRESENTATION OR ITS CONTENTS OR OTHERWISE ARISING IN CONNECTION THEREWITH. ANY INVESTMENT DECISION MUST ONLY BE BASED ON THE INSTITUTIONAL OFFERING MEMORANDUM WHICH MAY INCLUDE ADDITIONAL INFORMATION AND MAY UPDATE, SUPERSEDE OR CORRECT INFORMATION CONTAINED IN THIS PRESENTATION. ABN AMRO ROTHSCHILD AND CREDIT SUISSE FIRST BOSTON AUSTRALIA LIMITED HAVE BEEN APPOINTED BY BHP BILLITON LIMITED TO PERFORM SERVICES IN CONNECTION WITH THE OFFERING OF SECURITIES IN BHP STEEL LIMITED, AND WILL RECEIVE FEES, COMMISSIONS AND REIMBURSEMENT IN THAT CONNECTION AS SET OUT IN THE INSTITUTIONAL OFFER MEMORANDUM REFERRED TO ABOVE, AND MAY HAVE OTHER INTERESTS IN OR RELATIONSHIPS WITH BHP BILLITON LIMITED AND BHP STEEL LIMITED, AND MAY DEAL IN, HOLD OR ACT AS MARKET MAKER, ADVISER, BROKER OR INVESTMENT BANKER IN RELATION TO THEM OR THEIR SECURITIES. Roadshow Presentation Page 2
3 Offer Structure Demerger Entitlement 1 share for every 5 BHP Billiton Ltd Shares Capital Reduction $0.69 for each BHP Billiton Ltd share ($3.45 per share) Sale Facility BHP Billiton Ltd shareholders can offer to sell some or all of their BHP Steel shares under a sale facility Bookbuild Bookbuild will comprise both buy and sell-side orders. Institutions will have the ability to provide specific price and volume bids on both the buy and sell-side Offer Institutional Offer US (Rule 144A), ROW and Australian Investors Retail Offer Australian retail offer (broker firm to syndicate members and participating retail brokers; general public offer; BHP Billiton Ltd shareholder offer) Pricing Approach Fully marketed open book build Size Minimum of 54 million shares out of 792 million shares on issue Indicative Price Range A$2.60 A$3.30 Roadshow Presentation Page 3
4 Pricing Parameters Indicative Price Range Market Value (1) A$2.60 A$3.30 A$2.1 billion A$2.6 billion ASX S&P Index Weighting (1)(2) % MSCI Australian Index Weighting (1)(2) % Enterprise Value (1) A$2.7 billion A$3.2 billion 2003F EV/EBITDA (1) 4.4x 5.3x 2003F P/E (1) 8.1x 10.3x 2003F Dividend Yield (1) 7.7% 6.1% (1) Based on indicative price range (2) Indicative weighting as at 31 May % inclusion factor expected as at date of listing with confirmation of MSCI inclusion two weeks prior to listing Roadshow Presentation Page 4
5 Timetable BHP Billiton Limited Ex-date (1) Tuesday, 2 July 2002 Retail Offer Period Monday, 27 May 2002 Thursday, 4 July 2002 Institutional Bookbuild Tuesday, 9 July 2002 Friday, 12 July 2002 Final Price and basis of Share Monday, 15 July 2002 allocation announced ASX Listing Date (ASX ticker: BSL) (2) Monday, 15 July 2002 BHP Billiton Plc Ex-date Monday, 22 July 2002 Institutional Settlement date Monday, 22 July 2002 Dispatch of holding statements for Shares Wednesday, 24 July 2002 Normal Trading of Shares Thursday, 25 July 2002 Settlement of all deferred trades in Monday, 29 July 2002 (1) Shares in BHP Billiton Limited will also trade cum entitlement on this date to enable the strike price on ETO to be adjusted (2) shares expected to commence trading on ASX on a conditional and deferred settlement basis Roadshow Presentation Page 5
6 Limited Roadshow Presentation Page 6
7 Group Overview A$ Millions 1999A 2000A 2001A 2002F 2003F Revenue 4,849 4,898 4,941 4, 489 4,913 EBITDA Cashflow before borrowing and tax Hot Rolled Products New Zealand Steel Coated Products Asia Coated Products Australia Corporate/ Group Lowest quartile producer Leading supplier of flat steel in Australia Global scale Only fully integrated flat steel maker in New Zealand Leading domestic market share of flat products Pre-eminent seller of branded steel in Asia EBITDA CAGR since 1999 over 100% Lower cost backward integration growth strategy Largest supplier of metallic coated and painted steel in Australia Leading market shares in most key markets Strategic Marketing Logistic Solutions Head Office Roadshow Presentation Page 7
8 Unique Production and Marketing Footprint Thailand Cold Rolling 300kt Metal Coating 150kt Painting 60kt Brisbane Painting 70kt North Star JV Hot Rolling 1.5mt Castrip Malaysia Metal Coating 150kt Painting 60kt Asia / Pacific 27 Roll Forming Sites Indonesia Metal Coating 100kt Painting 30kt Sydney Painting 10kt (solid paint) Port Kembla / Springhill Raw Steel 5.0mt Hot Rolling 2.7mt Cold Rolling 930kt Tinplate and Blackplate 450kt Metal Coating (3 lines) 660kt Painting (2 lines) 170kt Australia 7 Service Centres 17 Roll Forming Sites Western Port Hot Rolling 1.5mt Cold Rolling 1.1mt Metal Coating (3 lines) 850kt Painting (2 lines) 330kt New Zealand Ironsand Mining Raw Steel 600kt Hot Rolling 600kt Cold Rolling 400kt Metal Coating 200kt Painting 60kt Roadshow Presentation Page 8
9 Key Investment Considerations Global steel industry Differentiating Roadshow Presentation Page 9
10 Creating Shareholder Value in a Difficult Industry Strong Strong and and Flexible Flexible Capital Capital Structure Structure Consistently Strong Strong Cash Cash Flows Flows Value Value Added Added Branded Branded Products Products Low Low Cost Cost Producer Producer Profitable Profitable Through Through the the Cycle Cycle Strong Strong Board Board & Management Team Team Geographic Geographic and and Product Product Diversity Diversity A different kind of steel company Growth Growth Opportunities in in Asia Asia Strong Strong Operating Operating Track Track Record Record Recovering Recovering Global Global Steel Steel Market Market Roadshow Presentation Page 10
11 Value Added Branded Products Range of prepainted products used in building and construction Registered trade mark in over 50 countries Range of zinc/aluminium-alloy coated steel products Largest Zincalume producer in the world Global leader in roll forming of steel Unrivalled footprint throughout Australasia, Asia and the Pacific Roadshow Presentation Page 11
12 Value Added Branded Products (Cont.) Leading Australian and NZ market presence across all products and widely recognised brand names Demonstrated leadership in value-added technology Product Australia and NZ Market Position Painted #1 Zincalume #1 Galvanised #1 Tinplate #1 Pipe & Tube #1 Plate #1 Cold Rolled Coil #1 Hot Rolled Coil #1 Roadshow Presentation Page 12
13 Low Cost Producer One of the lowest cost steel producers in the world with global scale 2000 Hot Rolled Coil Cost Position Port Kembla $A/tonne Conventional Production Compact Strip Production USA Integrateds USA Compact Strip Production Source: D. Barnett and Roadshow Presentation Page 13
14 Strong Operating Track Record Material productivity improvements approaching global best practice Leading safety record Productivity Lost Time Injury Frequency Rate 10,000 1, Employee Numbers 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1, , F Employees (Port Kembla Steelworks) Productivity (Tonnes per person per year) Productivity (Crude Steel Output, Tonnes/Employee/Year) LTI per Million Hours Worked H Roadshow Presentation Page 14
15 Recovering Global Steel Market Global steel prices are at historical lows, but have recently begun to rise European Export Hot Rolled Coil FOB Price HRC Price Trend (Real US$/t FOB) Jan-80 Jan-81 Jan-82 Jan-83 Jan-84 Jan-85 Jan-86 Jan-87 Jan-88 Jan-89 Jan-90 Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Price (2001 US$/t FOB) Roadshow Presentation Page 15
16 Growth Opportunities in Asia Unique Asian footprint with outstanding growth opportunities Available capacity Solutions driven Market led strategy Asian Financial Performance Thailand Cold Rolling Metal Coating Painting 300 kt kt 150 kt kt 60 kt kt EBITDA (A$ Millions) CAGR Revenue 15% EBITDA 106% Sales (A$ Millions) Malaysia Metal Coating Painting 150 kt kt 60 kt kt H 0 Indonesia Metal Coating Painting 100 kt kt 30 kt kt EBITDA Sales Roadshow Presentation Page 16
17 Geographic and Product Diversity Geographic Breakdown of Domestic/Export Sales Tonnes 2001 Global Sales by Volume (1) 2001 Global Sales by Revenue (1) Americas US (NS BHP) 12% Australia 36% Coated, Tin, Painted & Roll Formed 37% Slab 20% Coated, Tin, Painted & Roll Form ed 51% Slab 9% Total Export 44% Europe Africa Asia Hot Rolled Coil 30% Asia 4% New Zealand 4% CRC & Plate 10% Hot Rolled Coil 33% CRC and Plate 10% (1) Includes North Star BHP Roadshow Presentation Page 17
18 Strong Board and Management Team Board of Directors Ron McNeilly Deputy Chairman Graham Kraehe Chairman Kirby Adams Managing Director and CEO John Crabb Non Executive Diane Grady Non Executive Kevin McCann Non Executive Paul Rizzo Non Executive Executive Leadership Team Brian Kruger Chief Financial Officer Lance Hockridge President Industrial Markets Kirby Adams Managing Director and CEO Noel Cornish President Australian Building & Manufacturing Markets Kathryn Fagg President Market & Logistics Solutions Michael Courtnall President Asian Building & Manufacturing Markets Roadshow Presentation Page 18
19 Strategy Overriding objective CREATE SHAREHOLDER VALUE Focused on: Flat steel solutions Value-added branded products & services Being an excellent manufacturer Being a low cost operator Disciplined capital management Selectively pursuing growth, including M&A By Region Australasia Vigorously maintain existing value Consider niche growth opportunities Asia Core growth region Rest of World Continue to be a competitive and valued supplier of intermediate product Increase value-added export Roadshow Presentation Page 19
20 Financials Roadshow Presentation Page 20
21 Profitable Through the Cycle s performance is strongly correlated to HRC prices EBITDA & Hot Rolled Coil Price Relationship EBITDA (A$ Millions) A 2000A 2001A 2002F 2003F Average US$ HRC Price (FOB) Exported by EBITDA HRC Price Roadshow Presentation Page 21
22 Profitable Through the Cycle (Cont.) A$ Millions 1999A 2000A 2001A 2002F 2003F Revenue 4,849 4,898 4,941 4,489 4,913 EBITDA (1) EBIT Net Profit 254 Dividend Policy to distribute 60% of net profit 2003F dividend 20c per share (Yield 6.1% 7.7% (2) ) (1) Includes net profit/loss for North Star (2) Based on indicative price range Roadshow Presentation Page 22
23 Strong and Flexible Capital Structure A$ Millions Pro Forma Balance Sheet as at 31 December 2001 Assets Cash 170 Receivables 433 Inventory 685 Other Assets 302 Net Fixed Assets 3,219 Total Assets 4,809 Liabilities Creditors 479 Interest Bearing Liabilities 779 Provisions 813 Total Liabilities 2,071 Net Assets 2,738 Net Debt / (Net Debt + Equity) = 18.2% (excluding off-balance sheet arrangements) Roadshow Presentation Page 23
24 Consistently Strong Cash Flows A$ millions 1999A 2000A 2001A 2002F 2003F Net operating cash flow before borrowing costs and income tax Net investing cash flows (211) (80) (111) (168) (198) Net cash flow before financing and tax Net financing cash flow (158) Payment of income tax (6) Net increase in cash held 181 Roadshow Presentation Page 24
25 Sensitivities Results particularly sensitive to Hot Rolled Coil prices A$ millions Assumption Impact on forecast EBIT for the year ending 30 June / US$25 / tonne movement in average hot rolled coil price (1) 104 +/ US$10 / tonne movement in North Star scrap to hot rolled coil price spread 16 +/ 2% movement in slab production in Australia and New Zealand 14 +/ 1c movement in Australian dollar / US dollar exchange rate (2) 10 +/ US$1 / tonne movement in coking coal costs 7 +/ US$1 / tonne movement in iron ore costs 14 (1) The sensitivity assumes an equivalent impact on the price of export cold rolled coil and plate, and a 75% impact on the price of export slab. Export metallic coated and painted steel products as well as Australian domestic pipe and tube products are assumed to move to a lesser extent due to the existence of other market factors. (2) The movement in the Australian dollar/us dollar exchange rate includes the restatement of US dollar denominated receivables and payables Roadshow Presentation Page 25
26 Creating Shareholder Value in a Difficult Industry Strong Strong and and Flexible Flexible Capital Capital Structure Structure Consistently Strong Strong Cash Cash Flows Flows Value Value Added Added Branded Branded Products Products Low Low Cost Cost Producer Producer Profitable Profitable Through Through the the Cycle Cycle Strong Strong Board Board & Management Team Team Geographic Geographic and and Product Product Diversity Diversity A different kind of steel company Growth Growth Opportunities in in Asia Asia Strong Strong Operating Operating Track Track Record Record Recovering Recovering Global Global Steel Steel Market Market Roadshow Presentation Page 26
27 LIMITED Institutional Roadshow Presentation Kirby Adams, Managing Director and Chief Executive Officer Brian Kruger, Chief Financial Officer June / July 2002 Originally issued by. On 17 November 2003 became BlueScope Steel Limited.
The Manager Company Announcements Australian Stock Exchange Limited Sydney NSW Dear Sir. Demerger of BHP Steel
The Manager Company Announcements Australian Stock Exchange Limited Sydney NSW 2000 Dear Sir Demerger of BHP Steel At the time of the announcement of the creation of the DLC between BHP Limited and Billiton
More informationAnnual Earnings Report 30 June 2002
BHP STEEL LIMITED A.B.N. 16 000 011 058 Level 11, 120 Collins Street Melbourne, Victoria 3001 Ph: +61 3 9666 4000 Fax: +61 3 9666 4111 Website: www.bhpsteel.com 7 th August 2002 PLEASE NOTE Annual Earnings
More informationMerrill Lynch Australasia Investment Conference, New York. ASX Code: BSL
Merrill Lynch Australasia Investment Conference, New York ASX Code: BSL BlueScope Steel A Different Kind of Steel Company Page 2 We focus on total shareholder return - ASX Top 50 total shareholder return
More informationGoldman Sachs JBWere Australasian Forum New York
Goldman Sachs JBWere Australasian Forum 2007 New York Kirby Adams Managing Director and Chief Executive Officer 79 March 2007 ASX Code: BSL Important notice THIS PRESENTATION IS NOT AND DOES NOT FORM PART
More informationAGM Presentation - Managing Director & CEO Update
AGM Presentation - Managing Director & CEO Update Paul O Malley, Managing Director and Chief Executive Officer 13 November 28 ASX Code: BSL Safety Our target remains Zero Harm Lost time injuries per million
More informationREVISED REPORTING SEGMENTS
REVISED REPORTING SEGMENTS The Company will report its FY2008 financial results in the following segments: Reporting Segment Coated and Industrial Products Australia Distribution and Solutions Australia
More informationForward looking statements
1 Forward looking statements This presentation contains forward-looking statements. Forward-looking statements often include words such as anticipate", "expect", "intend", "plan", "believe, continue or
More informationAlberto Calderon Group Executive and Chief Executive Aluminium, Nickel and Corporate Development
Port Hedland, Iron Ore, Australia Alberto Calderon Group Executive and Chief Executive Aluminium, Nickel and Corporate Development Economic and Social Outlook Conference 1 November 2012 Disclaimer Forward
More informationM2 Group Ltd 2014 Interim Results
M2 Group Ltd 2014 Interim Results 24 February 2014 Geoff Horth, CEO Presentation Content Record Financial Performance Strong Organic Growth FY14 Priorities and Guidance Slide 2, 24 February 2014 Record
More informationTRANSFORMING OUR BUSINESS
TRANSFORMING OUR BUSINESS BLUESCOPE STEEL LIMITED ANNUAL REPORT 2005/06 PART 1 OF 2 TABLE OF CONTENTS PART 1 2 INVESTING FOR GROWTH 4 CHAIRMAN S MESSAGE 6 MANAGING DIRECTOR AND CEO S REPORT 10 OUR BOND
More informationNuSep Half Year Profit Presentation
FOR IMMEDIATE RELEASE NuSep Half Year Profit Presentation SYDNEY, AUSTRALIA 17 th February, 2010 NuSep (ASX: NSP) is pleased to provide an audio and powerpoint broadcast with Mr John Manusu and Dr Hari
More informationAnnual Shareholder Meeting. 27 April 2017
Annual Shareholder Meeting 27 April 2017 Agenda 1. Directors and proxies 2. Chairman s introduction 3. Chief executive s report 4. Resolutions 5. General business 2 Seeka Annual Shareholders Meeting April
More informationBLUESCOPE STEEL LIMITED ANNUAL REPORT 2006/07 PART 1 OF 2
BLUESCOPE STEEL LIMITED ANNUAL REPORT 2006/07 PART 1 OF 2 BLUESCOPE BUILDING A TEAM 02 03 04 05 06 07 TABLE OF CONTENTS PART 1 4 BLUEPRINT 6 CHAIRMAN S REPORT 8 MANAGING DIRECTOR AND CEO S REPORT 12 OUR
More information2003/04 Full Year Results Presentation to Investors
2003/04 Full Year Results Presentation to Investors 19 August 2004 Geoff Dixon Chief Executive Officer Highlights 12 months to June 2004 12 months to June 2003 Increase/ (decrease) % Sales and operating
More informationTiger Airways Holdings Limited FY11 Results
Tiger Airways Holdings Limited FY11 Results May 2011 Financial Year Ended 31 March 2011 Disclaimer The information contained in this presentation (the "Information") is provided by Tiger Airways Holdings
More informationTHIRD QUARTER RESULTS
THIRD QUARTER RESULTS 1 May 2002 Chris Lynch Charles Goodyear Chief Financial Officer Executive Director & Chief Development Officer BHP Billiton presentation is (a) provided for the information of shareholders
More informationHelloworld Travel Limited results announcement Half year ended 31 December 2017
Helloworld Travel Limited results announcement Half year ended 31 December 2017 HIGHLIGHTS FOR THE HALF YEAR ENDED 31 DECEMBER 2017 Total Transaction Value (TTV) growth of 2.7% to $2.968 billion. Earnings
More informationMGM Resorts International Reports Second Quarter Financial Results
NEWS RELEASE MGM Resorts International Reports Second Quarter Financial Results 8/5/2014 Consolidated Adjusted EBITDA Increased 8%, Led By 10% Growth In Wholly Owned Domestic Resorts MGM China Declares
More informationThank you for participating in the financial results for fiscal 2014.
Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots
More informationFor personal use only
HELLOWORLD TRAVEL LIMITED RESULTS ANNOUNCEMENT Highlights for the year ended 30 June 2018 Total Transaction Value (TTV) growth of 3.5% to $6.1 billion, underpinned by strong air ticket sales volume growth.
More informationHALF YEAR REPORT February Leighton Holdings Limited
HALF YEAR REPORT February 2009 PRESENTATION OUTLINE Results highlights Operational update Financial statements Strategy and outlook 2 Half Year Report I 12 February 2009 I RESULTS HIGHLIGHTS 3 Half Year
More informationFor personal use only
LIMITED Investor Presentation August 2016 Chris Tuckwell Managing Director / CEO Peter Gilford CFO / Company Secretary CORPORATE SNAPSHOT Capital Structure Share price (as at 22 August 2016) $1.595 Ordinary
More informationbhpbiri ton resourcing the future
Company Secretariat 7 March 2011 'p.. bhpbiri ton resourcing the future BHP Billiton Limited BHP Billiton Centre 180 Lonsdale Street Melbourne Victoria 3000 Australia GPO Box 86 Melbourne Victoria 3001
More informationQantas Group - Positioned for Growth and Sustainable Returns
Qantas Group - Positioned for Growth and Sustainable Returns Tino La Spina, Qantas Group Chief Financial Officer Macquarie Australia Conference 3 May 2018 Third Quarter 1 FY18 Trading Update Q3 trading
More informationFor personal use only
Automotive Holdings Group Limited 21 Old Aberdeen Place West Perth, WA 6005 www.ahgir.com.au ABN 35 111 470 038 PRESENTATION TO MACQUARIE CONFERENCE 7 th May 2015 The company advises the attached presentation
More informationPresentation on Results for the 2nd Quarter FY Idemitsu Kosan Co.,Ltd. November 1, 2016
Presentation on Results for the 2nd Quarter FY 2016 Idemitsu Kosan Co.,Ltd. November 1, 2016 Table of Contents 1. 2nd Quarter FY 2016 Financials (1) Overview (2) Segment Information 2. Reference Materials
More information2016 Full-year Results Supplementary Information
206 Full-year Results Supplementary Information Wednesday, 24 August 206 (to be read in conjunction with the 206 Full-year Results Briefing Presentation) Presentation outline Item Presenter Page Group
More informationIron Ore Update. Ian Ashby President Iron Ore 6 May 2009
Iron Ore Update Ian Ashby President Iron Ore 6 May 2009 Important Notices Reliance on Third Party Information The views expressed here contain information that have been derived from publicly available
More informationPresentation on Results for the 2nd Quarter FY Idemitsu Kosan Co.,Ltd. November 14, 2018
Presentation on Results for the 2nd Quarter FY 2018 Idemitsu Kosan Co.,Ltd. November 14, 2018 Table of Contents 1. FY 2018 2nd Quarter Financials (1) Overview (2) Segment Information 2. Reference Materials
More informationMelco International Development Limited (Incorporated in Hong Kong with limited liability) Website : (Stock Code : 200)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationINSPIRATIONSTRENGTHCOLOUR
INSPIRATIONSTRENGTHCOLOUR BLUESCOPE STEEL LIMITED ANNUAL REPORT 2002/03 2 Chairman s Report 4 Managing Director and CEO s Report INSPIRATION 8 Company Profile 8 Brands 9 Operations 10 Operations Around
More informationBHP Billiton Limited Annual General Meeting 2016
BHP Billiton Limited Annual General Meeting 2016 Disclaimer Forward-looking statements This presentation contains forward-looking statements, which may include statements regarding: trends in commodity
More informationPeppers Docklands, Melbourne
Peppers Docklands, Melbourne Contents Mantra Group Overview State of Market 8 3 Australian Market Mantra Group 18 24 Mantra Salt, Kingscliff Peppers Noosa, Noosa Mantra Group* CBD - RevPAR (A$) Largest
More informationDecember 2018 Quarterly Production Report
31 January 2019 December 2018 Quarterly Production Report Fortescue Metals Group Limited (ASX: FMG, Fortescue) Fortescue has released its December 2018 quarterly production results, reporting total shipments
More information2004/05 Full Year Results Presentation to Investors
Geoff Dixon Chief Executive Officer 2004/05 Full Year Results Presentation to Investors 18 August 2005 Group Highlights 12 months to June 2005 12 months to June 2004 Increase/ (decrease) % Sales and operating
More informationInvestor Presentation January 2018
Investor Presentation January 2018 Disclaimer The Company has prepared this presentation. Whilst the information in this presentation has been prepared with all reasonable care from information provided
More informationDEXUS Property Group (ASX: DXS) ASX release
6 May 2013 DEXUS and DWPF to acquire strategic office investment in Perth DEXUS Property Group (DEXUS or DXS) and DEXUS Wholesale Property Fund (DWPF) today announced the joint acquisition of a strategic
More informationFor personal use only. Merrill Lynch Emerging Stars Conference
Merrill Lynch Emerging Stars Conference October 2013 Performance History Share Price Performance 12 Months 150 100 18.8% (3.6%) 14 Oct 2013 AHE ASX Small Ords Share price $3.72 2193.21 50 0 Oct-12 Dec-12
More informationVolaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin
Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Mexico City, Mexico, April 22, 2015 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving
More informationJapan Post Media Release
Toll Group Level 7, 380 St Kilda Road Melbourne VIC 3004 Australia T +61 3 9694 2888 F +61 3 9694 2880 www.tollgroup.com Toll Holdings Limited ABN 25 006 592 089 18 February 2015 The Manager Australian
More informationH A L C Y O N A G R I
Acquisition of Anson Company (Private) Limited Investor presentation 11 July 2014 Disclaimer This presentation has been prepared by Halcyon Agri Corporation Limited ( Company ) for informational purposes,
More informationMelco International Development Limited (Incorporated in Hong Kong with limited liability) Website : (Stock Code : 200)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationCitigroup Investor Conference October 2010
Citigroup Investor Conference October 2010 Disclaimer Important information This presentation ti has been prepared in good faith, but no representation ti or warranty, express or implied, is made as to
More informationRegistered Office Albany Highway Maddington WA 6109 Tel: (08) Fax: (08)
Annual Report 2002 Corporate Directory Directors Stephen Gill Peter Gunzburg Naveen Pillay Robert Prowse Greg Tate Registered Office 1964 Albany Highway Maddington WA 6109 Tel: (08) 9459 2277 Fax: (08)
More informationHK GAAP RESULTS RELEASE 12 August 2008 STAR CRUISES GROUP ANNOUNCES FIRST HALF RESULTS FOR 2008
HK GAAP RESULTS RELEASE 12 August 2008 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES FIRST HALF RESULTS FOR 2008 The below commentary is prepared based on the comparison of the results
More informationResults Presentation 27 May 2008
Yongmao Holdings Limited Results Presentation 27 May 2008 Agenda About Yongmao FY08 Performance Review Outlook & Strategy 2 Company Overview Leading designer and manufacturer of tower cranes and accessories
More informationForward-looking Statements
September 21, 2011 Forward-looking Statements This presentation contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, necessarily
More informationTabcorp 2011 full year results
16 August 2011 Tabcorp 2011 full year results Highlights including demerged Casinos business Reported Net Profit After Tax (NPAT) $534.8 million, up 13.9% (includes oneoff demerger impacts) Normalised
More informationOutlook: FY13 EBITDA guidance $28M - $29M. Pursuing contracted 300MW in 2013 growth strategy. FY13 maiden franked dividend payment expected
ASX CODE PEA ISSUED CAPITAL Ordinary Shares 360.8M Options 10.7M KPS CONTRACTED CAPACITY 240MW HYDRO CONTRACTED CAPACITY 6MW 14 February 2013 STRONG ORGANIC GROWTH UNDERPINS RECORD PACIFIC ENERGY RESULT
More informationCROWN ANNOUNCES 2017 FULL YEAR RESULTS
ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 4 August 2017 CROWN ANNOUNCES 2017 FULL YEAR RESULTS MELBOURNE: Crown Resorts Limited (ASX: CWN) ( Crown ) today announced its results for the full year 30 June
More informationCROWN ANNOUNCES 2019 HALF YEAR RESULTS
ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 20 February 2019 CROWN ANNOUNCES 2019 HALF YEAR RESULTS MELBOURNE: Crown Resorts Limited (ASX: CWN) ( Crown ) today announced its results for the half year ended
More informationLand area 1.73 million km 2 Queensland population (December 2015) Brisbane population* (June 2015)
Queensland - 18 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second
More informationAnalyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board
Analyst and Investor Conference Call Q2 2017 Ulrik Svensson, CFO and Member of the Executive Board Frankfurt, 2 August 2017 Disclaimer The information herein is based on publicly available information.
More informationPresentation on Results for the 1st Quarter FY Idemitsu Kosan Co.,Ltd. August 14, 2017
Presentation on Results for the 1st Quarter FY 2017 Idemitsu Kosan Co.,Ltd. August 14, 2017 Table of Contents 1. FY 2017 1st Quarter Financials (1) Overview (2) Segment Information 2. Reference Materials
More informationNews Release. LANXESS: 2013 to remain challenging
LANXESS: 2013 to remain challenging Q2 sales EUR 2.1 billion, down 12 percent Q2 EBITDA pre exceptionals EUR 198 million, down 45 percent Q2 net income EUR 9 million, down 95 percent Outlook for 2013:
More informationQ3 FY18 Business Highlights
Q3 FY18 RESULTS Q3 FY18 Business Highlights 1 2 3 4 5 6 7 Record passengers 7.1m, record revenues 423m Investing in growth 24% passenger growth in Q3 Disciplined cost management flat ex-fuel CASK Largest
More informationCrown Resorts Limited
Crown Resorts Limited 2015 Full Year Results Presentation 13 August 2015 1 Crown Resorts Limited Results Overview Crown Resorts Limited (Crown) performance: Overall, the results for Crown s portfolio of
More informationMinor International Public Company Limited
Minor International Public Company Limited Management Discussion & Analysis MINT s financial performance as of 30th June 2008 Summary of Key Financial Performance 2Q08 Performance Minor International Public
More informationGolden Ocean Group Limited Q results March 1, 2007
Golden Ocean Group Limited Q4 2006 results March 1, 2007 PROFIT & LOSS 2005 2006 (in thousands of $) 2006 2005 Oct-Dec Oct-Dec Jan - Dec Jan - Dec Operating Revenues 37 292 91 253 Time charter revenues
More informationRamsay Health Care Limited Results Briefing Half Year ended 31 December 2018
Ramsay Health Care Limited Results Briefing Half Year ended 31 December 2018 Craig McNally, Group Managing Director & Bruce Soden, Group Finance Director 28 February 2019 ramsayhealth.com Agenda Group
More informationAtlas Lifts Production Guidance and Lowers Cost Forecast After Record September Quarter
18th October 2012 Atlas Lifts Production Guidance and Lowers Cost Forecast After Record September Quarter Highlights Record shipped tonnes and production physicals in the September Quarter Shipped tonnes
More informationHK GAAP RESULTS RELEASE 25 February 2008 STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007
HK GAAP RESULTS RELEASE 25 February 2008 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007 Key points for the quarter in comparison with 4Q
More informationFor personal use only
23 February 2017 Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Half Year Results Australian transit technology and digital out-of-home company XTD Limited (XTD
More information2018 full-year results
2018 full-year results 01 Message from Chairman & CEO 02 FY 2018 Results 03 Business drivers 04 Outlook 02 FY 2018 financial results Key figures Revenue 2.85 Bn ROP 115 M Net debt 252 M Free cash flow
More informationIntroduction Financials The Market Honey Supply Beekeeping Enterprise Outlook
Introduction Financials The Market Honey Supply Beekeeping Enterprise Outlook Capilano is the market leader of honey in Australia. It was established in 1953 as a 100% beekeeper owned co-operative. Historically
More informationFor personal use only
Toll Group Level 7, 380 St Kilda Road Melbourne VIC 3004 Australia T +61 3 9694 2888 F +61 3 9694 2880 www.tollgroup.com Toll Holdings Limited ABN 25 006 592 089 27 August 2012 The Manager Australian Stock
More information2007/08 Full Year Results Investor Briefing
2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved
More informationAir China Limited Interim Results. August Under IFRS
Air China Limited 21 Interim Results Under IFRS August 21 1 Agenda 21 Interim Results Overview Business Overview Financial Overview Outlook 2 2 2 21 Interim Results 3 21 Interim Results Overview 4 4 4
More informationFact Sheet for Q3 and January-September 2017 October 20, 2017
Fact Sheet for Q3 and January-September 2017 October 20, 2017 Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4-12 Information for Divisions Mercedes-Benz Cars 13-16
More informationJUNE 2017 QUARTERLY ACTIVITIES REPORT
ASX RELEASE 25 JULY 2017 JUNE 2017 QUARTERLY ACTIVITIES REPORT Cash flow positive result for the quarter even after significant development activities and repayment of Nullagine deferred royalties to the
More informationPAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011
PAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011 2010 RESULTS OVERVIEW STRATEGIC & OPERATIONS HIGHLIGHTS NEO SOON HUP CHIEF FINANCIAL OFFICER 2 CONTENTS Focus and Highlights
More information2012 Annual General Meeting. 23 October 2012
2012 Annual General Meeting 23 October 2012 1 Mr John Robinson Chairman Strong Profit Improvement in FY12 Last year (FY11) Structural changes Lower fixed cost base through business exits and restructure
More informationBushveld Minerals. Takeover provides easier access to capital. Loan note bears 15% over 6m term, convertible at 8p
Bushveld Minerals Takeover provides easier access to capital Lemur Resources takeover Metals & mining Bushveld has proposed an off-market takeover bid for Lemur Resources for A$0.06 a share valuing Lemur
More informationJAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2017(FY2016) July 29, 2016
JAPAN AIRLINES Co., Ltd. Financial Results Mar/2017(FY2016) July 29, 2016 Today s Topics P.1 P.2 P.13 From the first quarter of this fiscal year, figures for Revenue Passengers Carried, ASK, RPK and Load
More informationFact Sheet for Q4 and Full Year 2017 pre IFRS 15 and 9 adjustments February 1, 2018
Fact Sheet for Q4 and Full Year 2017 pre IFRS 15 and 9 adjustments February 1, 2018 Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4-12 Information for Divisions Mercedes-Benz
More informationRECORD PROFIT NPAT UP 146% NPAT (CONTINUING OPERATIONS) UP 58%
RECORD PROFIT NPAT UP 146% NPAT (CONTINUING OPERATIONS) UP 58% Webjet Limited today announced results for the full year to 30 June 2017. Adopting our auditor s accounting treatment for the Thomas Cook
More informationPresentation on Results for the 3rd Quarter FY Idemitsu Kosan Co.,Ltd. February 2, 2016
Presentation on Results for the 3rd Quarter FY 2015 Idemitsu Kosan Co.,Ltd. February 2, 2016 Table of Contents 1. 3 rd Quarter FY 2015 Financials (1) Overview (2) Segment Information 2. Forecast for FY
More informationPresentation on Results for the 3rd Quarter FY Idemitsu Kosan Co.,Ltd. February 14, 2019
Presentation on Results for the 3rd Quarter FY 2018 Idemitsu Kosan Co.,Ltd. February 14, 2019 Table of Contents 1. FY 2018 3rd Quarter Results (1) Overview (2) Segment Information 2. Forecast for FY 2018
More informationAEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS
AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS Moscow, 1 March 2018 Aeroflot Group ( the Group, Moscow Exchange ticker: AFLT) today publishes its audited financial statements in accordance with International
More informationWhitehaven Coal Limited
Whitehaven Coal Limited AUSTMINE Presentation by Paul Flynn, Managing Director and CEO SYDNEY, AUSTRALIA 1 OCTOBER 2015 Our goal To become Australia s leading independent coal company 2 // AUSTMINE - 1
More informationCROWN ANNOUNCES 2018 HALF YEAR RESULTS
ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 22 February 2018 CROWN ANNOUNCES 2018 HALF YEAR RESULTS MELBOURNE: Crown Resorts Limited (ASX: CWN) ( Crown ) today announced its results for the half year ended
More informationEASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011
22 July 2011 easyjet Interim Management Statement Page 1 of 5 22 July 2011 EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011 Highlights (figures below are for the quarter ended 30
More informationCebu Air, Inc. 2Q2014 Results of Operation
Cebu Air, Inc. 2Q2014 Results of Operation 1 Disclaimer This information provided in this presentation is provided only for your reference. Such information has not been independently verified and, as
More informationThe 11 th Annual JP Morgan Asia Pacific Conference, New York
The 11 th Annual JP Morgan Asia Pacific Conference, New York Kirby Adams, Managing Director and Chief Executive Officer 25 to 27 September 2006 ASX Code: BSL Important notice THIS PRESENTATION IS NOT AND
More informationHALCYONAGRI. Q Results. 5 December 2014
HALCYONAGRI Q3 2014 Results 5 December 2014 Important notice This presentation has been prepared by Halcyon Agri Corporation Limited ( Company ) for informational purposes, and may contain projections
More informationAnnual Member s Meeting
Annual Member s Meeting Forward Looking Statement A word from our Counsel This presentation contains forward-looking statements involving future events, future business and other conditions, future performance,
More informationPRESS ANNOUNCEMENT JULY 28, 1999 For Immediate Release STAR CRUISES REPORTS RECORD SECOND QUARTER EARNINGS
PRESS ANNOUNCEMENT JULY 28, 1999 For Immediate Release STAR CRUISES REPORTS RECORD SECOND QUARTER EARNINGS STAR CRUISES PLC announced record net income of US$20.7 million (US 3.3 cents earnings per share)
More informationFirst Quarter Results August 31 st, 2006
First Quarter Results 2006-07 August 31 st, 2006 Key features of the First Quarter Market context Sustained global economic growth, and a recovery in Europe Average jet fuel price of 691 $/t, up 25% year-on-year
More informationImproving productivity and sustainably lowering costs. Dean Dalla Valle President Coal 24 November 2014
Queensland Coal Improving productivity and sustainably lowering costs Dean Dalla Valle President Coal 24 November 2014 Disclaimer Forward-looking statements This release contains forward-looking statements,
More informationPresentation on Results for the 3rd Quarter FY Idemitsu Kosan Co.,Ltd. February 14, 2018
Presentation on Results for the 3rd Quarter FY 2017 Idemitsu Kosan Co.,Ltd. February 14, 2018 Table of Contents 1. FY 2017 3rd Quarter Results (1) Overview (2) Segment Information 2. Forecast for FY2017
More informationInvestor Presentation H1 FY17 Results
Investor Presentation H1 FY17 Results Anthony Woodward - CEO Agenda H1 FY17 Results Summary H1 FY17 Results Detail Operations Update Strategic Update FY17 Guidance Appendix 2 H1 FY17 Financial Results
More informationHK GAAP RESULTS RELEASE 18 November 2005
HK GAAP RESULTS RELEASE 18 November 2005 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES THIRD QUARTER AND FIRST NINE MONTHS RESULTS FOR 2005 Key points for the quarter in comparison with
More informationBalance sheets and additional ratios
Balance sheets and additional ratios amounts in millions unless otherwise stated Consolidated balance sheets Dutch guilders USD* June 30, December 31, June 30, December 31, 1997 1996 1997 1996 Fixed assets
More informationWH Smith PLC Acquisition of InMotion providing access to the world s largest travel retail market 30 October 2018
WH Smith PLC Acquisition of InMotion providing access to the world s largest travel retail market 30 October 2018 Transaction highlights WH Smith announces acquisition of InMotion for $198m ( 155 million)
More informationMedia Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS. Fully franked interim dividend of 10 cents per share
Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS Profit before tax of $601.3 million Net profit after tax of $458.4 million Revenue of $6.4 billion Fully franked interim
More informationPLC. IFRS Summary Financial Statement (excluding Directors Report and Directors Remuneration Report) Year ended November 30, 2006
C A R N I V A L PLC IFRS Summary Financial Statement (excluding Directors Report and Directors Remuneration Report) Year ended November 30, 2006 Registered number: 4039524 The standalone Carnival plc consolidated
More informationCebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com
Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations cebupacificair.com Disclaimer The information provided in this presentation is provided only for your reference. Such information has
More informationVirgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1
Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Summary of H1 FY18 Group Outcomes 2 Group Underlying Profit Before Tax of $102.5 million up 142.3% Group Statutory Profit After Tax of $4.4
More informationQ3 FY 15 Analyst & Investor presentation. 3 months to 30 June 2015
Q3 FY 15 Analyst & Investor presentation 3 months to 30 June 2015 22 July 2015 1 1 Q3 performance key messages 1. Good commercial performance Good performance from UK and beach routes across Europe Revenue
More informationThe Proposed Joint Ventures with The Straits Trading Company Limited And Toga Pty Ltd
The Proposed Joint Ventures with The Straits Trading Company Limited And Toga Pty Ltd DISCLAIMER This Presentation should be read in conjunction with the Circular to Shareholders dated 24 June 2013 issued
More information