2010 Results Strong trading performance Revenue up 20.1% to 1,230m; PBT up 24.6% at 307m * Earnings per share up 26.5% at 80.08 pence * Proposed final dividend increase of 50% to 12.35 pence Refinanced bank facilities of 459m and…
2010 Results Financial Review Angus Cockburn A C kb Finance Director 4
2010 Results 2010 2009 Movement m m As reported Const curr. Revenue 1,229.9 1,023.9 20.1% 17.4% Revenue excl. pass-through fuel 1,155.7 965.9 19.7% 16.9% Trading profit 314.5 255.0 23.3% 20.2% Operating profit 317.2 264.6 19.9%…
2010 Results B id Bridge R Revenue m T di Profit* Trading P fit* m 2009 1,023.9 255.0 Currency translation impact 23.4 6.7 2009 pass-through fuel (58.0) (1.7) 2009 53rd week (16.0) (10.0) 2010 pass-through fuel 74.2 1.9…
2010 Results B l Balance Sh Sheett 2010 2009 m m Intangible assets/goodwill 77.4 66.8 Tangible fixed assets 858.8 713.0 Working capital 118.3 89.5 Retirement benefit obligation (3.2) (5.8) Derivative financial instruments (10.4)…
2010 Results Fi Financial i l Indicators I di t 2010 2009 EBITDA 475.6m 413.0m Capital investment 268.8m 160.9m Net borrowings 132.2m 175.5m Interest cover EBITDA basis 47.1 times 22.8 times Net debt to EBITDA 0.3 times 0.4…
2010 Results Cash Flow from Operating Activities (m) 2010 2009 Operating profit* 317.2 264.6 Depreciation & amortisation* 158.4 148.4 Changes in working capital (23.7) 18.2 Other non non-cash cash movements 16 0 16.0 (0 4) (0.4)…
2010 Results C h Fl Cash Flow Statement St t t (m) ( ) 2010 2009 Net cash inflow from operating activities 467.9 430.8 Net interest paid (10.1) (18.7) Taxation paid (68.4) (60.1) Acquisitions (15.4) (4.2) Purchase of fixed assets…
Funding Refinanced bank facilities of 459m in December 2010 Bilateral facilities 3 and 5 year maturities Covenants: EBITDA 4x net interest & net debt < 3x EBITDA Existing bilateral bank facilities of 145m still in place at December…
Funding Longer maturity profile Diversified funding sources Unchanged U h d fi financial i l covenants t Debt Maturity m 2011 2012 2013 2014 2015 2018 2019 2021 Total Profile (committed facilities) m m m m m m m m m March 2010…
Capital Structure Priority P i it iis tto iinvestt iin organic i growth th & b bolt lt on acquisitions i iti 105m increase in fleet capex in 2010; further increase of 66m to 320m in 2011 17m Northland acquisition in US announced…
2010 Results Operating Review Rupertt S R Soames Chief Executive 14
Another year of breaking records Highlights Record earnings, margins and return on capital employed Outstanding year for Local business 24% headline / 11% underlying revenue growth Annus mirabilis for events: Vancouver Winter…
Bangladesh 90-days to power-on 5km of 140 psi gas pipeline 16
Bangladesh 90-days to power-on Pressure reduction station 17
Bangladesh 90-days to power-on 70 MW; 200 200 containers 18
2010 Results Full Year Segmental Analysis REVENUE TRADING PROFIT* 2010 2009 Const Curr 2010 2009 Const Curr m m % m m % Local Business 695.4 544.0 24.0% 144.5 95.3 44.9% Trading Margin: 20.8% 17.5% Rolling 12-month ROCE: 26.8%…
2010 Results Revenue by Product (m) REVENUE % OF REVENUE EXCL PASS-THROUGH FUEL 2010 2009 Const Curr 2010 2009 Change % pp Power 806 675 16% 70% 70% - Temperature Control 110 94 16% 9% 10% (1) Oil-Free Air 25 22 13% 2% 2% - Total…
Local Business North America REVENUE TRADING PROFIT* 2010 2009 Const Curr 2010 2009 Const Curr m m Change m m Change % % F ll year Full 380 1 380.1 309 8 309.8 21 3% 21.3% 72 4 72.4 55 9 55.9 28 0% 28.0% Trading Margin 19.0%…
Local Business Europe & Middle East REVENUE TRADING PROFIT* 2010 2009 Const Curr 2010 2009 Const Curr m m Change m m Change % % Full year 261.8 249.6 5.5% 41.8 35.5 17.3% Trading Margin 16.0% 14.2% Second half 136.7 127.5 7.1%…
Local Business Aggreko International REVENUE TRADING PROFIT* 2010 2009 Const Curr 2010 2009 Const Curr m m Change m m Change % % Full year 187.7 96.8 70.9% 55.9 24.1 103.2% Trading Margin 29.8% 25.1% Second half 102.7 48.3 92.0%…
24
International Power Projects Excluding gppass-through g fuel REVENUE TRADING PROFIT* 2010 2009 Const Curr 2010 2009 Const Curr m m Change m m Change % % Full year 711.5 661.3 7.6% 259.9 247.6 4.9% Trading Margin 36.5% 37.4%…
Strategic objective of a better regional balance - achieved % off IPP MW on rentt att 1st January J 70% 60% 50% 40% 30% 20% 10% 0% Asia A i Africa Af i & ME Americas A i Other Oh 2010 2011 26
Outlook Areas of geo-political instability in Middle East and Africa makes predicting outcome more than normally difficult Trading in 2011 anticipated to be at similar level to 2010 Represents underlying growth, excluding major…
Loading...
