BSA LIMITED Audio Webcast

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BSA LIMITED (BSA)

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BSA LIMITED (BSA) Events

Company (Stock Code)	Date/Time	Event	Timezone: Australia/NSW
BSA LIMITED (BSA)	Wed, 29 Oct 2008 12:35PM	BSA Strategic Review Presentation - Mr Mark Foley, Managing Director and Mr Ross Johnston, Chairman
BSA LIMITED (BSA) Diversification Generates Strong Revenue	Fri, 29 Aug 2008 01:15PM	BSA - Full Year Results - Mr Mark Foley, MD
BSA LIMITED (BSA)	Tue, 15 Apr 2008 05:15PM	BSA - Revised Market Guidance - Mr Mark Foley, MD
BSA LIMITED (BSA)	Tue, 4 Mar 2008 10:00AM	BSA - Interim Results end December 2007 - Mr Mark Foley, MD
BSA LIMITED (BSA)	Thu, 13 Dec 2007 01:00PM	BSA - Investor Presentation for Hills Merger Transaction - Mr Mark Foley, MD
BSA LIMITED (BSA)	Thu, 29 Nov 2007 04:15PM	BSA - CommSec 2007 Emerging Companies Conference - Mr Mark Foley, MD
BSA LIMITED (BSA)	Thu, 29 Mar 2007 02:00PM	BSA - ShareCafe.com.au Conference - Mr Mark Foley, MD
BSA LIMITED (BSA)	Thu, 8 Mar 2007 11:30AM	BSA - Investor Roadshow - Mr Mark Foley, MD
BSA LIMITED (BSA)	Tue, 25 Nov 2008 10:00AM	Annual General Meeting Level 19, 2 Market Street, Sydney, NSW
BSA LIMITED (BSA)	Wed, 27 Aug 2008	Full Year Results
BSA LIMITED (BSA)	Tue, 15 Apr 2008	Date Payable
BSA LIMITED (BSA)	Tue, 18 Mar 2008	Record Date
BSA LIMITED (BSA)	Wed, 12 Mar 2008	Ex Div Date
BSA LIMITED (BSA)	Wed, 27 Feb 2008	Interim Results
BSA LIMITED (BSA)	Mon, 26 Nov 2007 10:00AM	Annual General Meeting BDO Chartered Accountants & Advisors, Level 19, 2 Market Street Sydney NSW 2000
BSA LIMITED (BSA)	Wed, 3 Oct 2007	Date Payable
BSA LIMITED (BSA)	Fri, 14 Sep 2007	Record Date
BSA LIMITED (BSA)	Mon, 10 Sep 2007	Ex Div Date
BSA LIMITED (BSA)	Fri, 16 Mar 2007	Date Payable
BSA LIMITED (BSA)	Wed, 28 Feb 2007	Record Date
BSA LIMITED (BSA)	Tue, 27 Feb 2007	Interim Results
BSA LIMITED (BSA)	Thu, 22 Feb 2007	Ex Div Date
BSA LIMITED (BSA)	Fri, 15 Sep 2006	Date Payable
BSA LIMITED (BSA)	Thu, 31 Aug 2006	Full Year Results
BSA LIMITED (BSA)	Fri, 11 Aug 2006	Record Date
BSA LIMITED (BSA)	Fri, 4 Aug 2006	Ex Div Date
BSA LIMITED (BSA)	Fri, 17 Mar 2006	Date Payable
BSA LIMITED (BSA)	Fri, 10 Mar 2006	Interim Results
Displaying 1-20 of 31 events		Display 10 results per page 20 results per page 50 results per page 100 results per page

BSA LIMITED (BSA)

Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.

INTERVIEW WITH MARK FOLEY, MANAGING DIRECTOR AND EXECUTIVE DIRECTOR OF BSA LIMITED (BSA)

“Full Year Results”

http://www.brr.com.au/event/50463

 

FRIDAY, AUGUST 29, 2008, 1:15 PM.

 

            BRR    Good morning and welcome to Boardroom Radio.  Today, we’re joined by Mr. Mark Foley, Managing Director and Executive Director of BSA Limited. 

10                    Thanks for joining us today, Mark.

            BSA     Thank you, Eddie for the opportunity to have a chat.

 

            BRR    Mark, I just want to have a quick discussion today, just about your full year results that you’ve recently released, what were the highlights of this report?

15        BSA     Thank you Eddie.  I’d be delighted to. Look, BSA has a reasonably solid year.  We had 53% of growth in our revenue line mainly due to the acquisition of the Triple M business.  So Triple M takes us into a new area of business which is in the building services space specializing in mechanical services for our protection and prevention and designing construction in Green Star Rated

20                    Mechanical Services for major buildings around Australia.  This acquisition into the building services sector is the first of a number of our growth initiatives and moving forward, we will be looking at other acquisitions in this space and organic growth which will assist us in taking the volatility of our earnings.

25

                        The year, as a whole, was reasonably solid. We had a couple of disappointments as well.  We were not able to secure our contract directly with Telstra but we did secure our ongoing Telstra (inaudible) (00:01:34) maintenance contract with Silcar. We did strengthen our relationship with

30                    Foxtel and continue with a new 4-year contract looking after the Foxtel business in Australia.  We also secured  50% of the Optus worth on the HFC network for the next two years.

 

                        So, overall, it was reasonably solid,  we had, as a said, 53% growth, earnings

35                    at the EBITDA lines were up by only 12% at $16.1 million, while Net Profit After Tax was down about 10% due to interest expense in some of the margin pressures that we experienced in that contracting solutions business. 

 

                        We did pay very strong dividends this year on the back of already announcing

40                    a 3.5 cent dividend of the interim dividend when the Hill’s merger was on the table.  We stopped with that dividend although the merger with Hills Industries did not go ahead.  So part of their strategic review looking ahead will be also to review our dividend policy as a whole. Now, final dividend was 3.75 of a cent.  We had earlier flagged 1.5 cents.  I thought it prudent to reduce  in the

45                    current environment.

 

            BBR    Mark, near the start of the year you were talking about the acquisition of Triple M and how it has improved your business, however, has this acquisition in any way, in the course that drag or of any means or affected your cash generation?

            BSA     Cash from operations for the period was fairly in $0.5 million.  It’s excellent to be able to acquire business with good management that understands the

5                      importance of collecting cash from the debtors and managing cash and putting together contracts in such a way that do not drag heavily on the overall company’s cash position.  So we’re very pleased with the way that this year’s has grown as far as cash flow and working capitals are going.

 

10        BRR    Mark, we also see this year, you’ve appointed a new Chairman, Ross Johnston, what does he bring to BSA and what were the reasons behind bringing Ross on board?

            BSA     The appointment of Ross Johnston as Chairman was not taken lightly by the Board of BSA.  It was a very considered appointment after an extended

15                    search.  Our existing Chairman had flagged his intention to retire, he had done a great job for us, and we did an extended search for quite some time to find someone who has had the skill set that we required at BSA. So Ross has had an excellent executive career with Lend and Lease and then as CEO of Spotless Australia.  Ross brings a wealth of knowledge in the services sector

20                    which is the area of expertise of BSA. So we are excited to have Ross heading up the Board as Chairman and he’s leading our strategic review of operations and where we wish to place the BSA in the future.  So our strategic plan will look ahead for the next 3 to 5 years of what’s basis we believe BSA should be involved in.

25

            BRR    And lastly, Mark, do you want to let us know what the plan is moving forward to BSA?

            BSA     The long-term business plan of BSA, as I say, is currently under review and we plan to update the market in early October when that review is complete. 

30                    That review will review all operations of the business and we will understand from that what is our core business strategy and moving forward, and we’ll also review our dividend policy, the cash required that will need to grow the business. The key for us is certainly not growth at any cost, we want to make sure that the businesses that we’re moving into and staying in are long-term

35                    businesses with a good balanced annuity top income, which will enable us to take the volatility out of our earnings for the BSA shareholders.

 

            BRR    Mark, thank you very much for taking the time out today to discuss your full year results and we look forward to speaking to you soon.

40        BSA     Thanks very much Eddie, I appreciate it as always.

 

            BRR    That was Mark Fowley, Executive Director and Managing Director of BSA Limited, and if you have any questions about this broadcast, and the other broadcast, please feel free to contact us on brr@brr.com.au.  I’m Eddie ____

45                    and thank you for listening to Boardroom Radio.

 

INTERVIEW CONCLUDED

 

 

 

Contact brr@brr.com.au for more information

 

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