Skip to main content H1 2011 EARNINGS CALL – Aggreko Plc Investor Presentation | Shale Experts
Loading...
Pm

H1 2011 EARNINGS CALL – Aggreko Plc

Aggreko Plc · Aug 25, 2011 · 20 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 2011 EARNINGS CALL – Aggreko Plc – slide 1
    2011 Interim Results
  2. H1 2011 EARNINGS CALL – Aggreko Plc – slide 2
    2011 Interim Results Philip Rogerson Chairman
  3. H1 2011 EARNINGS CALL – Aggreko Plc – slide 3
    2011 Interim Results Underlying revenue up 21% (2) ; underlying trading profit up 17% (1) (2) Reported revenue up 9%; reported trading profit down 3% (1) PBT down 5%; EPS down 2% (1) Interim dividend per share increased 10% to 7.20…
  4. H1 2011 EARNINGS CALL – Aggreko Plc – slide 4
    2011 Interim Results Financial Review Angus Cockburn Finance Director
  5. H1 2011 EARNINGS CALL – Aggreko Plc – slide 5
    2011 Interim Results 2011 2010 Movement m m As reported Const curr. Revenue 637.2 583.6 9.2% 12.8% Revenue excl. pass-through fuel 583.8 546.5 6.8% 10.2% Trading profit 127.1 131.2 (3.1)% 0.6% Operating profit 128.9 132.1 (2.4)%…
  6. H1 2011 EARNINGS CALL – Aggreko Plc – slide 6
    2011 Interim Results Bridge Revenue Trading Profit m m 2010 583.6 131.2 Currency translation impact (18.7) (4.9) 2010 pass-through fuel (37.1) (0.9) 2011 pass-through fuel 53.4 1.2 Underlying growth incl events 56.0 0.5 2011…
  7. H1 2011 EARNINGS CALL – Aggreko Plc – slide 7
    2011 Interim Results Balance Sheet 2011 2010 m m Intangible fixed assets/goodwill 81.7 67.8 Tangible fixed assets 939.4 772.4 Working capital 182.2 102.9 Retirement benefit obligation (0.6) (4.4) Derivative financial instruments…
  8. H1 2011 EARNINGS CALL – Aggreko Plc – slide 8
    2011 Interim Results Financial Position 2011 2010 EBITDA 215.4m 209.5m Capital investment 181.0m 103.6m Net borrowings 257.2m 159.5m Interest cover EBITDA basis (2) 36.2 times 28.5 times Net debt/EBITDA (2) 0.5 times 0.4 times…
  9. H1 2011 EARNINGS CALL – Aggreko Plc – slide 9
    2011 Interim Results Cash Flow from Operating Activities (m) 2011 2010 Operating profit (1) 128.9 132.1 Depreciation & amortisation (1) 86.5 77.4 Changes in working capital (69.1) (10.6) Other non-cash movements 8.9 9.4 Net cash…
  10. H1 2011 EARNINGS CALL – Aggreko Plc – slide 10
    2011 Interim Results Cash Flow Statement (m) 2011 2010 Net cash inflow from operating activities 155.2 208.3 Net interest paid (5.9) (4.9) Taxation paid (52.6) (33.3) Acquisitions (14.2) - Purchase of fixed assets (181.0) (103.6)…
  11. H1 2011 EARNINGS CALL – Aggreko Plc – slide 11
    Capital Structure Return of 151m to shareholders completed in July Pro forma June 2011 net debt to EBITDA of 0.8 times* Intention to have Net Debt to EBITDA ratio around 1x longer-term Similar to historic average Gives business…
  12. H1 2011 EARNINGS CALL – Aggreko Plc – slide 12
    2011 Interim Results Operating Review Rupert Soames Chief Executive
  13. H1 2011 EARNINGS CALL – Aggreko Plc – slide 13
    A strong underlying performance Highlights Both business segments performing well; IPP revenues +24%, Local +19% underlying Very strong order intake in International Power Projects Gas continues to grow rapidly; 55% more on rent…
  14. H1 2011 EARNINGS CALL – Aggreko Plc – slide 14
    2011 Interim Results Half Year Segmental Analysis REVENUE TRADING PROFIT* 2011 2010 Const Curr 2011 2010 Const Curr m m % m m % Local Business 324.9 325.1 1.2% 41.3 53.5 (22.5)% including one-off Events Trading Margin: 12.7% 16.4%…
  15. H1 2011 EARNINGS CALL – Aggreko Plc – slide 15
    2011 Interim Results Revenue by Product (m) REVENUE % OF REVENUE EXCL PASS-THROUGH FUEL 2011 2010 Const Curr 2011 2010 Change % pp Power 416 383 13% 71% 70% 1 Temperature Control 52 46 16% 9% 8% 1 Oil-Free Air 13 11 21% 2% 2% -…
  16. H1 2011 EARNINGS CALL – Aggreko Plc – slide 16
    Local Business North America REVENUE TRADING PROFIT* 2011 2010 Const Curr 2011 2010 Const Curr m m Change m m Change % % First half 185.3 175.3 4.2% 27.6 23.8 15.4% Trading Margin 14.9% 13.6% Strong underlying recovery Underlying…
  17. H1 2011 EARNINGS CALL – Aggreko Plc – slide 17
    Local Business Europe & Middle East REVENUE TRADING PROFIT* 2011 2010 Const Curr 2011 2010 Const Curr m m Change m m Change % % First half 132.1 125.1 7.9% 9.7 14.0 (26.8)% Trading Margin 7.3% 11.2% A mixed picture, with some…
  18. H1 2011 EARNINGS CALL – Aggreko Plc – slide 18
    Local Business Aggreko International REVENUE TRADING PROFIT* 2011 2010 Const Curr 2011 2010 Const Curr m m Change m m Change % % First half 78.2 85.0 (11.9)% 14.6 23.9 (42.5)% Trading Margin 18.6% 28.1% Investment in Local…
  19. H1 2011 EARNINGS CALL – Aggreko Plc – slide 19
    International Power Projects Excluding pass-through fuel REVENUE TRADING PROFIT* 2011 2010 Const Curr 2011 2010 Const Curr m m Change m m Change % % First half 418.5 337.4 24.0% 136.7 117.1 17.2% Trading Margin 32.7% 34.7% Demand…
  20. H1 2011 EARNINGS CALL – Aggreko Plc – slide 20
    Outlook Although the prospects for the global economy in the months ahead are uncertain, we believe that we are well placed to deliver a strong second half, and that profit before tax and amortisation for the year as a whole will be…

From the store

Browse maps, data & reports in the Shale Experts store