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H1 2013 EARNINGS CALL – Aggreko Plc

Aggreko Plc · Aug 1, 2013 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. H1 2013 EARNINGS CALL – Aggreko Plc – slide 1
    2013 Interim Results
  2. H1 2013 EARNINGS CALL – Aggreko Plc – slide 2
    2013 Interim Results Angus Cockburn Chief Financial Officer 2
  3. H1 2013 EARNINGS CALL – Aggreko Plc – slide 3
    2013 Interim Results 2013 2012 Movement m m As reported Underlying Revenue 760 734 4% 5% Revenue excl pass-through fuel 745 714 5% Trading profit 157 159 (1)% -% Operating profit 159 160 -% Net interest expense (13) (12) (16)%…
  4. H1 2013 EARNINGS CALL – Aggreko Plc – slide 4
    2013 Interim Results Bridge Revenue Trading Profit m m 2012 734 159 Currency translation impact 5 - 2012 pass-through fuel (20) - 2013 pass-through fuel 15 (2) Poit Energia acquisition 12 2 Underlying growth incl events 14 (2)…
  5. H1 2013 EARNINGS CALL – Aggreko Plc – slide 5
    2013 Interim Results Balance Sheet 2013 2012 m m Intangible fixed assets/goodwill 171 183 Tangible fixed assets 1,304 1,232 Working capital 278 255 Retirement benefit obligation (2) (1) Derivative financial instruments 9 (14)…
  6. H1 2013 EARNINGS CALL – Aggreko Plc – slide 6
    2013 Interim Results Financial Position 2013 2012 EBITDA 296m 270m Capital investment 123m 233m Net borrowings 552m 678m Interest cover EBITDA basis (1) 25 times 26 times Net debt/EBITDA (1) 0.8 times 1.2 times Effective tax…
  7. H1 2013 EARNINGS CALL – Aggreko Plc – slide 7
    2013 Interim Results Cash Flow from Operating Activities (m) 2013 2012 Operating profit (1) 159 160 Depreciation & amortisation (1) 137 110 Changes in working capital (21) (143) Other non-cash movements (5) 7 Net cash inflow…
  8. H1 2013 EARNINGS CALL – Aggreko Plc – slide 8
    2013 Interim Results Cash Flow Statement (m) 2013 2012 Net cash inflow from operating activities 270 134 Net interest paid (13) (11) Taxation paid (31) (44) Acquisitions - (121) Purchase of fixed assets (123) (233) Proceeds from…
  9. H1 2013 EARNINGS CALL – Aggreko Plc – slide 9
    2013 Interim Results Operating Review Rupert Soames Chief Executive 9
  10. H1 2013 EARNINGS CALL – Aggreko Plc – slide 10
    First half in line with expectations Highlights Local business performing well particularly in Americas and APAC Power rental revenue up 9%; temperature control up 12%; margins +1pp Strong growth in mini-projects; 500 MW of…
  11. H1 2013 EARNINGS CALL – Aggreko Plc – slide 11
    Segmental performance underlying(1)) Half Year Segmental Analysis REVENUE TRADING PROFIT 2013 2012 Underlying 2013 2012 Underlying m m % m m % Local Business 421 388 9% 62 52 19% Trading Margin: 15% 14% Rolling 12-month ROCE:…
  12. H1 2013 EARNINGS CALL – Aggreko Plc – slide 12
    Revenue mix Revenue Mix (m) REVENUE % OF REVENUE EXCL PASS- THROUGH FUEL 2013 2012 Underlying(1) 2013 2012 Change % pp Power 536 518 4% 72% 72% - Temperature Control 56 49 12% 8% 7% 1 Oil-Free Air 15 13 14% 2% 2% - Total Rental…
  13. H1 2013 EARNINGS CALL – Aggreko Plc – slide 13
    Americas REVENUE TRADING PROFIT(1) 2013 2012 Underlying 2013 2012 Underlying m m Change m m Change % % First half 489 441 11% 106 88 26% Trading Margin 22% 20% Local business revenue up 17% Rental revenue up 14%; services…
  14. H1 2013 EARNINGS CALL – Aggreko Plc – slide 14
    APAC REVENUE TRADING PROFIT(1) 2013 2012 Underlying 2013 2012 Underlying m m Change m m Change % % First half 257 274 (6)% 88 96 (8)% Trading Margin 34% 35% Local business revenue increased 11% Good performance in Australia:…
  15. H1 2013 EARNINGS CALL – Aggreko Plc – slide 15
    EMEA Excluding pass-through fuel REVENUE TRADING PROFIT(1) 2013 2012 Underlying 2013 2012 Underlying m m Change m m Change % % First half 404 411 7% 52 67 (19)% Trading Margin 13% 16% Local business revenue similar to last…
  16. H1 2013 EARNINGS CALL – Aggreko Plc – slide 16
    Power Projects Excluding pass-through fuel REVENUE TRADING PROFIT(1) 2013 2012 Underlying 2013 2012 Underlying m m Change m m Change % % First half 482 490 -% 147 166 (8)% Trading Margin 31% 34% Order intake: 397 MW of new…
  17. H1 2013 EARNINGS CALL – Aggreko Plc – slide 17
    Outlook Our expectations for the full year remain unchanged. We expect revenues in Power Projects to be higher in the second half than in the first, as increased revenues from our gas projects offset reduced revenues from…
  18. H1 2013 EARNINGS CALL – Aggreko Plc – slide 18
    Q&A 18

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