2012 FULL YEAR Results Presentation Investor Road Show May 2012 - - PowerPoint PPT Presentation

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2012 FULL YEAR Results Presentation Investor Road Show May 2012 - - PowerPoint PPT Presentation

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2012 FULL YEAR Results Presentation Investor Road Show May 2012 IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Campbell Brothers Limited, ( CBL or the Company ). It contains general information about the Companys

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Results Presentation

Investor Road Show May 2012

2012 FULL YEAR

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  • This presentation has been prepared by Campbell Brothers Limited, (CBL or the Company). It contains general

information about the Company’s activities as at the date of the presentation. It is information given in summary form and does not purport to be complete. The distribution of this presentation in jurisdictions

  • utside Australia may be restricted by law, and you should observe any such restrictions.
  • This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in

respect of securities, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, securities in any jurisdiction. Neither this document nor anything in it shall form the basis of any contract or

  • commitment. This presentation is not intended to be relied upon as advice to investors or potential investors

and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

  • The Company has prepared this presentation based on information available to it, including information

derived from public sources that have not been independently verified. No representation or warranty, express

  • r implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the

information, opinions or conclusions expressed herein.

  • This presentation includes forward-looking statements within the meaning of securities laws. Any forward-

looking statements involve known and unknown risks and uncertainties, many of which are outside the control

  • f the Company and its representatives. Forward-looking statements may also be based on estimates and

assumptions with respect to future business decisions, which are subject to change. Any statements, assumptions, opinions or conclusions as to future matters may prove to be incorrect, and actual results, performance or achievement may vary materially from any projections and forward-looking statements.

  • Due care and attention should be undertaken when considering and analysing the financial performance of the

Company.

  • All references to dollars are to Australian currency unless otherwise stated.

IMPORTANT NOTICE AND DISCLAIMER

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March 2012 Full Year Snapshot

pre unusual items REVENUE

31st March 2012

$1406mn

EBITDA

31st March 2012

$374mn

NPAT

31st March 2012

$222mn

250 500 750 1000 1250 1500 FY12 FY11 FY10 FY09 FY08 FY08 FY09 FY10 FY11 FY12 Average USD:AUD (cents) 88 79 86 95 105 60 120 180 240 300 360 FY12 FY11 FY10 FY09 FY08 40 80 120 160 200 240 FY12 FY11 FY10 FY09 FY08 27 % 57 % 68 %

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Full Year Results – Overview

excluding unusual items Mar 12 Mar 11 Change Revenue ($mn) 1,406 1,108 +27% EBITDA ($mn) 374 238 +57% Profit before tax ($mn) 312 186 +68% Net profit after tax ($mn) 222.4 132.2 +68%

  • Wtd. ave. number of shares

67,503,000 65,139,000 +4% Earnings per share (c) 329 203 +62% Full Year Dividend (c) 225 140 +61% Number of employees

Includes full time, part time and casuals

12,101 8,936 +35% Safety Statistic – LTIFR 3.0 2.5

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Maintenance of Dividend Policy

$0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 $2.00 $2.20 $2.40

2012 2011 2010 2009 2008 2007 2006 2005 2004 2003

Year End March

Maintaining Dividend Growth

Total dividend $2.25 - 68% payout ratio

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  • 100%

0% 100% 200% 300% 400% 500% 600% 700% Coffey Servcorp Transfield Services SGS Ausenco Worley Parsons Clough Eurofins Orica MacMahon Bureau Veritas Intertek Cardno Monadelphous Core Laboratories Boart Longyear Campbell Brothers Total Shareholder Return (1st April 2009 to 31st March 2012)

Total Shareholder Return

– last three year period

Source- Ernst & Young

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ALS - New Divisional Structure

49% 31% 7% 13% Revenue by Division

  • Four Global Divisions
  • Ten Business Streams
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ALS Group Full Year Snapshot

REVENUE

31st March 2012

$1192mn

EBITDA

31st March 2012

$385mn

EBIT

31st March 2012

$341mn

50 100 150 200 250 300 350 400 200 400 600 800 1000 1200 FY08 FY09 FY10 FY11 FY12 EBITDA & EBIT (AUD million) Revenue (AUD million)

Revenue EBITDA EBIT

Average USD:AUD (cents) 88 79 86 95 105 39 % 54 % 61 %

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  • 200

400 600 800 1,000 1,200 1,400 FY06 FY07 FY08 FY09 FY10 FY11 FY12

AUD$ millions

  • 50

100 150 200 250 300 350 400

FY06 FY07 FY08 FY09 FY10 FY11 FY12

AUD$ millions

Non-Mineral EBITDA margin 21% 21% 24% 20% 24% 23% 25%

Growth of non-Minerals Divisions

Life Sciences Energy Industrial Minerals Revenue EBITDA (incl ALS overheads)

The non-Minerals revenue of ALS is now larger than ALS’ entire revenue only two years ago and the Minerals Division has been transformed from a geochemical only business in 2009 to a geochemical, metallurgical and inspection business in 2012.

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200 400 600 800 1000 1200 1400 FY 2011 Organic Acquired FX FY 2012 ALS Revenue AUD $million

Constant Currency Growth 46%

ALS Group Revenue Performance

Reported Growth 39%

46% 5% 32% 5% 5% 7%

44% 4% 32% 5% 6% 9%

Revenue by Geography FY11 Vs FY12

Australia Asia Nth America Sth America Africa Europe

39% 36% 8% 17%

49% 31% 7% 13%

Revenue by Division FY11 Vs FY12

Minerals Life Sciences Energy Industrial

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ALS Group Performance

0% 5% 10% 15% 20% 25% 30% 35% 40%

Minerals Life Sciences Energy Industrial

EBIT Margin (incl. ALS overheads)

FY2011 FY2012

  • 20%
  • 10%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Minerals Life Sciences Energy Industrial

Revenue Growth

Organic Acquired FX Impact

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Overview

  • Acquisition (AUD$222mn) and integration of Stewart

Group very successful

  • 16 new or refurbished laboratories completed
  • Successful introduction of CoreViewerTM
  • Expansion in central Asia
  • Significant capacity increase in Kamloops

metallurgical laboratory

  • Pricing stabilised

Outlook

  • Favourable market conditions through 2013
  • 14 new or refurbished laboratories planned
  • New 7000 m2 Santiago geochemistry and

metallurgical laboratory to be operational by January 2013

  • High Pressure Acid Leach pilot plant to be installed

in Perth

  • New hub laboratory in Ireland
  • Iron Ore Technical Centre to be built in Perth
  • Commissioning of new hub lab in Johannesburg by

July 2012

2012 2011 Change Revenue $591mn $334mn 77% EBITDA $234mn $127mn 84% EBIT $215mn $112mn 92% EBIT Margin 36.3% 33.4% +290bps

Minerals Division

Geochemistry Metallurgy Inspection Other

r e v e n u e

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Overview

  • Acquisition (AUD$40mn) and integration of

Columbia Analytical Services very successful

  • Acquisition (AUD$40mn) of Eclipse and AMS

completed in April 2012

  • Introduced mobile app for environmental clients
  • Australian and Scandinavian markets strong

Outlook

  • Focus on expanding food/pharma revenues
  • New food/pharma laboratories in Melbourne, Sydney

& Brisbane

  • Refurbish or new environmental laboratories in

Brisbane, Sydney, Calgary, Singapore, Hong Kong, Kuala Lumpur, Jakarta

  • Further development of air markets
  • New generation LIMS to be rolled out to all

laboratories over next two years

2012 2011 Change Revenue $361mn $308mn 17% EBITDA $96mn $82mn 17% EBIT $78mn $66mn 18% EBIT Margin 21.7% 21.5% +20bps

Life Sciences Division

Australia Asia Nth America Europe

* Includes a full year for CAS acquisition in North America

r e v e n u e

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Overview

  • Excellent year, far exceeding industry growth rates
  • Laboratory industry leading safety record; LTIFR =

2.4

  • Full commissioning of the new Brisbane laboratory –

the largest coal analytical laboratory in the world

  • New laboratories built in Emerald and Bowen
  • New LIMS rolled out to all Australian laboratories
  • Successful integration of the anglo American Central

Laboratory in South Africa and the Stewart Group laboratory in Mongolia

Outlook

  • New “Energy Division” created to focus attention on
  • il and gas upstream opportunities
  • Further capacity build out of Brisbane laboratory
  • Expansion into Indonesia underway with

Mozambique, China and USA under consideration

  • New site with larger capacity being developed in

Mongolia

2012 2011 Change Revenue $88mn $73mn 20% EBITDA $26.6mn $19.9mn 34% EBIT $23.7mn $17.2mn 38% EBIT Margin 26.9% 23.6% +330bps

Energy Division

Australia Asia Nth America Africa

r e v e n u e

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Overview

  • Strong year leverage off continuing improvement

from previous year

  • Disposal of PearlStreet Energy Services allows focus
  • n Asset Care business
  • Acquistion (AUD$40mn )of PowerServices very

successful

  • Strong margin improvement
  • Advanced Engineering Services model rolled out
  • A number of major shutdown projects delayed into

2012-13

  • Delays on some major infrastructure projects

previously won

Outlook

  • Focus on expansion of business outside of Australia
  • Introduction of further high-end technologies
  • Continued market and market share growth

2012 2011 Change Revenue $153mn $142mn 8% EBITDA $29.0mn $20.6mn 41% EBIT $24.5mn $16.6mn 48% EBIT Margin 16.0% 11.7% +430bps

Industrial Division

Australia Sth America Nth America Africa

r e v e n u e

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Overview

  • Record sales and operating profit for the Panamex

Group

  • Revenue down as a result of Cleantec disposal
  • Strong sales in Papua New Guinea
  • Better cost control across all business sites
  • Deltrex sales in Australia subdued due to

contraction in manufacturing sector, customer factory closures and adverse weather

  • Some one off costs incurred in decoupling the

Cleantec business

Outlook

  • Panamex expecting a strong year with further

growth in Papua New Guinea and the French territories

  • Deltrex expecting modest growth with opportunities

in the resources sector

2012 2011 Change Revenue $90mn $130mn (31)% EBITDA $8.8mn $9.8mn (10)% EBIT $8.1mn $7.4mn 9% EBIT Margin 9.0% 5.7% +330bps

Campbell Chemical Division

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Overview

  • Significant turnaround from previous year
  • Excluding discontinued New Zealand operations,

revenue up 3.8% in Australia on previous year

  • Reduction in inventory
  • Disposal of underperforming New Zealand
  • perations
  • Strong import program
  • Increase in productivity and lower head count
  • Successful rollout of The Hospitality Stores

Outlook

  • Further growth in revenue and margin in 2012-13
  • Import program extended with broadening of owned

brands

  • Improved market conditions in mining and

hospitality

2012 2011 Change Revenue $123mn $124mn (0.6)% EBITDA $4.5mn ($0.6)mn N.A. EBIT $3.7mn ($1.8)mn N.A. EBIT Margin 3.0% (1.5)% +450bps

Reward Distribution Division

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Organic Investment Paying Off

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23% 28% 14% 18% 25% FY2008 FY2009 FY2010 FY2011 FY2012

Return on Equity

50 72 43 71 83 FY2008 FY2009 FY2010 FY2011 FY2012

CAPEX (AUD$mn)

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Debt Maturity Profile

123 76 29 92 116 135

40 80 120 160 200

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

AUD $million Year Bank Bank Capacity USPP

Note: Gearing defined as Net Debt as a percentage of Net Debt plus Equity was 28% at the 31st March 2012

Funding Strength