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INVESTOR PRESENTATION – Intertek

Intertek · Dec 1, 2014 · 28 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. INVESTOR PRESENTATION – Intertek – slide 1
    Intertek Investor Presentation December 2014 Contact: investorintertek.com +44 (0) 20 7396 3400 1 www.intertek.com
  2. INVESTOR PRESENTATION – Intertek – slide 2
    Our Global Network Over EMEA 36,000 33% people Working in more than 1,000 Asia Pacific laboratories and offices Americas 35% 32% In more than 100 countries 3 www.intertek.com
  3. INVESTOR PRESENTATION – Intertek – slide 3
    Our Strategy - Balanced Industry Portfolio Consumer Goods Textiles Toys Commodities Oil & Petrochemicals Hardlines Minerals Government & Trade 17% Services 27% Commercial & Electrical Electrical Products Commodities…
  4. INVESTOR PRESENTATION – Intertek – slide 4
    Our Strategy Breadth of Services Quality Advisory Assurance Testing Auditing Training Certification Outsourcing Inspection CSR Supply/Value Chain End user R&D Performance Certification -Compliance Production…
  5. INVESTOR PRESENTATION – Intertek – slide 5
    Five Year Performance 2009 to 2013 Revenue Adjusted Operating Profit(1) Adjusted Diluted EPS(1) 15% CAGR 13% CAGR Pence 14% CAGR m m 350 140 2,200 138.6 343 2,184 335 131.2 120 2,054 1,925 300 281…
  6. INVESTOR PRESENTATION – Intertek – slide 6
    Market drivers in industries End-User Quality Expectations & Diversity Developed and emerging economies Supply Chain New Changes Technologies Shifting cycles, Innovation and Market sourcing and product variety Drivers…
  7. INVESTOR PRESENTATION – Intertek – slide 7
    Enduring Growth Drivers 1 Market Drivers in our Industries 2 Global Trade & Emerging Market Trade Growth 3 Outsourcing & Consulting Services 4 Network & Service Expansion 5 Industry Consolidation 8 www.intertek.com
  8. INVESTOR PRESENTATION – Intertek – slide 8
    Divisional Performance Summary H1 2014 Revenue Margin Organic Organic m constant exchange H1 14 Change change H1 14 Change change Industry & Assurance 325.3 (1.0)% (6.7)% 11.1% 30bps 10bps Commodities 262.8 (1.7)% (1.6)% 10.2%…
  9. INVESTOR PRESENTATION – Intertek – slide 9
    Interim Management Statement: 19 November 2014 10 months to October revenue growth +2.5% total at constant exchange rates -0.7% organic at constant, +1.2% excluding low value contract exits acquisitions contributed +3.2% -5.1%…
  10. INVESTOR PRESENTATION – Intertek – slide 10
    Summary Balanced portfolio RETAIL & Long-term structural COMMODITIES MANUFACTURED & MATERIALS PRODUCTS growth drivers GLOBAL TRADE MARKET DRIVERS Emerging market NETWORK & SERVICE opportunities OUTSOURCING & CONSULTING INDUSTRY…
  11. INVESTOR PRESENTATION – Intertek – slide 11
    Appendix 12 www.intertek.com
  12. INVESTOR PRESENTATION – Intertek – slide 12
    Our strategic portfolio Chemicals & Pharma Minerals Consumers RETAIL & COMMODITIES MANUFACTURED & MATERIALS PRODUCTS Energy INDUSTRY ASSETS Food & Agri Business Assurance 13 www.intertek.com
  13. INVESTOR PRESENTATION – Intertek – slide 13
    2014 HY Results: Financial Highlights For the six months to 30 June 2014 Revenue 1,024m + 2.9% at constant - 5.6% at actual - 0.5% at constant organic(2) Operating profit(1) 152m + 5.1% at constant - 3.8% at actual + 0.8% at…
  14. INVESTOR PRESENTATION – Intertek – slide 14
    H1 14 Revenue Growth m + 2.9% + 2.9% m Constant rates Constant rates 1,200 1,200 5.9 (89.4) (3.3) (4.5) 8.5 22.4 33.9 (89.4) 1,100 1,100 (4.9) 1,000 1,000 900 900 800 800 1,084.7 1,084.7 1,024.3 700 1,024.3 700 - 0.5%…
  15. INVESTOR PRESENTATION – Intertek – slide 15
    HY14 Organic Revenue Growth -0.5% m 1,100 (1.5%) 1,000 (0.8%) 4.3% (1.2%) (0.7%) (0.6%) 900 800 992.2 987.3 700 600 H1 2013 Industry Minerals Industry Contract Europe Cargo Other H1 2014 Contract Exits…
  16. INVESTOR PRESENTATION – Intertek – slide 16
    Divisional Overview H1 2014 H1 Organic % of Group revenue growth H1 Profit Chemicals & Pharma Industry & Assurance (6.7)% 24% 8% Commercial & Electrical Commodities (1.6)% 18% Industry & 17% Assurance 32% Consumer Goods…
  17. INVESTOR PRESENTATION – Intertek – slide 17
    Industry & Assurance H1 14 Performance H1 14 Trading m constant Organic Industry Services: Revenue down on low-margin exchange H1 14 Change change contract exits, capital project phasing delays Revenue 325.3 (1.0)% (6.7)% 15m…
  18. INVESTOR PRESENTATION – Intertek – slide 18
    Commodities H1 14 Performance H1 14 Trading m constant Organic Minerals: Strong decline continued (-16%). Indonesian exchange H1 14 Change change trade bans affecting entire region Revenue 262.8 (1.7)% (1.6)% Cargo: Improving growth.…
  19. INVESTOR PRESENTATION – Intertek – slide 19
    Consumer Goods H1 14 Performance H1 14 Trading m constant Organic Textiles: Good growth; market expansion in Turkey, exchange H1 14 Change change India, Vietnam Revenue 176.1 5.1% 5.0% 20% growth in new sourcing markets Toys: Growth…
  20. INVESTOR PRESENTATION – Intertek – slide 20
    Commercial & Electrical H1 14 Performance H1 14 Trading m constant Organic Transport Technologies: Very high growth exchange H1 14 Change change Electrical: Strong growth, particularly in UAE, Taiwan, Revenue 176.0 14.6% 6.3% Korea,…
  21. INVESTOR PRESENTATION – Intertek – slide 21
    Chemicals & Pharma H1 14 Performance H1 14 Trading m constant Organic Chemicals & Materials: Good growth in Middle East exchange H1 14 Change change EU weak, continued restructuring and site closure Revenue 84.1 7.5% 4.5% Margin…
  22. INVESTOR PRESENTATION – Intertek – slide 22
    HY14 Financing Drawn debt 110m new bond debt 310m 452m Bank Debt Bank facility refinanced and Bond Debt expanded Strong maturity profile Debt duration(1) Interest charge H1 2014 11.4m (2013: 13.0m) 11% Net debt EBITDA of…
  23. INVESTOR PRESENTATION – Intertek – slide 23
    Interim dividend increased by 6.7% Interim Dividend Per Share Pence Interim dividend of 16.0p, up 6.7% 20 Interim pay-out of 26.0m 15 Reflects good underlying earnings progression 10 5 0 2010 2011 2012 2013 2014 24…
  24. INVESTOR PRESENTATION – Intertek – slide 24
    Currency Analysis Local currency H1 H1 H2 FY to GBP 2014 2013 2013 2013 Revenue By Currency USD -7.8% 1.67 1.54 1.59 1.56 CNY -6.1% 10.25 9.62 9.79 9.68 EUR -3.3% 1.22 1.18 1.18 1.18 Other 25% HKD -7.7% 12.94 11.94 12.36…
  25. INVESTOR PRESENTATION – Intertek – slide 25
    Divisional Operating Margin 40.0% H1 14 31.6% 31.3% H1 13* 30.0% 20.0% 15.1% 15.1% 14.9% 14.6% 11.1% 10.8% 10.2% 10.4% 10.0% 8.6% 7.8% 0.0% I&A Commodities Consumer C&E C&P Group Goods *H1 13 at constant exchange…
  26. INVESTOR PRESENTATION – Intertek – slide 26
    Operating Profit & Separately Disclosed Items m actual exchange rates H1 2014 H1 2013 Adjusted operating profit (1) 152.3 158.3 (3.8)% Separately disclosed items: Amortisation of acquisition intangibles (10.3) (12.7) Acquisition…
  27. INVESTOR PRESENTATION – Intertek – slide 27
    Cash Flow, Tax & Investment HY14 Adjusted Cash Generated from Operations H1 2011 2012 2013 2014 Strong focus on cash management Cash from Operations m 91.1 118.1 123.7 148.2 Adjusted cash from ops up 20% % Change - 29.6% 4.7% 19.8%…
  28. INVESTOR PRESENTATION – Intertek – slide 28
    In-fill and Strategic Acquisition summary In-fill Acquisitions Add technical capabilities and IP in specific locations and industries Readily integrated:…

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