INDUSTREA LIMITED Audio Webcast

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INDUSTREA LIMITED (IDL)

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INDUSTREA LIMITED (IDL) Events

Company (Stock Code)	Date/Time	Event	Timezone: Australia/NSW
INDUSTREA LIMITED (IDL) Transitional Year For Industrea	Fri, 29 Aug 2008 01:30PM	IDL - Industrea Full Year Results - Mr Robin Levison, MD
INDUSTREA LIMITED (IDL) $5.72M Contract With Zhengzhou Coal Group	Wed, 4 Jun 2008 12:00PM	IDL - New China Client For Industrea - Mr Robin Levison, MD
INDUSTREA LIMITED (IDL)	Mon, 3 Sep 2007 05:15PM	IDL - 2007 Full Year Results - Mr Rob Levison, MD
INDUSTREA LIMITED (IDL)	Wed, 1 Aug 2007 04:30PM	IDL - Acquires Boart Longyear Mining Capital Equipment Division - Mr Rob Levison, MD
INDUSTREA LIMITED (IDL)	Fri, 14 Nov 2008 11:30AM 10:30AM Australia/Queensland	Annual General Meeting The Jinalee Hotel, Goggs Rd, Jindalee, QLD
INDUSTREA LIMITED (IDL)	Thu, 23 Oct 2008	Date Payable
INDUSTREA LIMITED (IDL)	Fri, 3 Oct 2008	Record Date
INDUSTREA LIMITED (IDL)	Mon, 29 Sep 2008	Ex Div Date
INDUSTREA LIMITED (IDL)	Wed, 27 Aug 2008	Full Year Results
INDUSTREA LIMITED (IDL)	Wed, 30 Apr 2008 07:22PM	EGM Brisbane
INDUSTREA LIMITED (IDL)	Thu, 28 Feb 2008	Interim Results
INDUSTREA LIMITED (IDL)	Wed, 14 Nov 2007 10:30AM	Annual General Meeting The Jinalee Hotel, Goggs Road Jindalee QLD
INDUSTREA LIMITED (IDL)	Fri, 26 Oct 2007	Date Payable
INDUSTREA LIMITED (IDL)	Wed, 3 Oct 2007	Record Date
INDUSTREA LIMITED (IDL)	Wed, 26 Sep 2007	Ex Div Date
INDUSTREA LIMITED (IDL)	Fri, 31 Aug 2007	Full Year Results
INDUSTREA LIMITED (IDL)	Sun, 25 Feb 2007	Interim Results
INDUSTREA LIMITED (IDL)	Fri, 17 Nov 2006 10:30AM	Annual General Meeting The Jinalee Hotel, Goggs Road Jindalee QLD
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INDUSTREA LIMITED (IDL)

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INTERVIEW WITH RUBEN LEVISON, CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR OF INDUSTREA LIMITED (IDL)

“Industrea Full Year Results”

http://www.brr.com.au/event/50470

 

FRIDAY, AUGUST 29, 2008, 1:30 PM.

 

            BRR    Good afternoon and welcome to Boardroom Radio. Today, we speak with Mr. Robin Levison, CEO and Managing Director of Industrea Limited.  Thanks for

10                    joining us.  Hello, Rob.

            IDL       It’s a pleasure.

 

            BRR    Rob, congratulations on a fantastical result that you’ve released this week.  We see that there was an upgrade in profit and also substantial acquisitions,

15                    do want to give us some details of this?

            IDL       Sure, the 08 year was a transformational year for Industrea where we made a $250 million acquisition which really I think cemented our position in the mid-cap mining services space. We also considerably strengthened the senior management team with the appointment of a Chief Operating Officer and a

20                    new Chief Financial Officer.  It was the year of diversification for us both in the commodities that we’re active in where we diversified at about our coal commodity into zinc, lead, copper and gold. We also had continued geographic expansion where we soared sales into Russia, South America, South Africa and Southeast Asia. Lastly, we had a diversification of clients

25                    where we had new clients in Indonesia and we had a number of a large, new Chinese clients that look very promising. 

 

            BRR    Rob, we also see some fantastic and even record financial results that you’ve released, what were the main contributing factors to these?

30        IDL       We had a…we had a great year and as you said it was a year of records for us with record revenue, record EBITDA, record both adjusted and normalized net profit flowing through to an adjusted EPS of just over 5.5 cents per share.  The key drivers for that were….I’ve already mentioned that we had terrific geographic expansion and we started to get some real traction from a South

35                    prospectus in the South American market and Chinese market, particularly.  The second thing that I’m possibly most pleased with is that in a near doubling of our… our revenues are up 192%.  We managed to actually grow our EBITDA margin so we came at an EBITDA around 40% which even in our industry is very high. So what that really means is that we are generating a

40                    significant amount of free cash which we’re able to apply to further acquisitions and significantly increased dividend that we’ll pay this year.

 

            BRR    And how is the cash flow developing to Industrea?

            IDL       The 08 year was our strongest year for what we would call net operating cash

45                    flow where the net operating cash flow for the full year was $74.3 million but most importantly, the H2 or second half 08 operating cash flow was 53.1. So as you can see, in the second half where we had a full year of our Huddy’s acquisition, acquisition was brought to bare. We generated significant operating cash flow pre-interest and tax.  The other very pleasing thing for me was that we ended the year at June 30 with a little like $41 million cash at bank and that’s a very good position to be in for a company that size to have such strong cash flow and such fulsome cash at hand at the end of the year.

 

5          BRR    Rob, it’s such a strong results and the market conditions the way that they are, do you think that the mine will be sustainable moving forward?

            IDL       A good question, there is no doubt in our mind that the demands for our products which are particularly the safety in productivity products that we sell into the international coal mining sector including China and South America,

10                    Russia or etc., we’ve seen no slow down in the mining. In fact, if anything, in China there’s has been a steep change in demand since the very difficult winter conditions that they had through February and March.  In Australia, we’ve seen a big uplift in demand for outsource mining services, for our Huddy’s business so we were, in fact, confident enough with the forward

15                    order book we had and the visibility of the Southpark line to in fact make a 09 forecast this year.  

 

            BRR    Rob, what is the outlook for Industrea Limited moving forward into the 09 financial year?

20        IDL       As a board, we decided that we had sufficient confidence in the Southpark line, the contracts that we already have signed and the existing long term contract that we have with our clients in the mining services area that we were confident to give us a full cost that was in the range of revenues of $330 to $355 million leading to adjusted net profit of $55 to $60 million. So just to

25                    put that in context, revenue for the 08 year was $192 million and we’re talking about somewhere between 330 and 350 and adjusted net profit for the 08 year was just over $41 million and we’re talking about 55 to 60 million. So there is a near 50% uplift in the forward-looking profit, and as I say as a board, we are confident to make that statement because we have very good

30                    visibility on future sales revenue for the next 12 months.

 

            BRR    Rob, we thank you very much for your time today and look forward to speaking to you soon.

            IDL       It’s a pleasure, thanks for your call.

35

            BRR    That was Mr. Robin Levison, Managing Director and CEO of Industrea Limited.  If you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I’m Eddie ___ and thank you for listening to Boardroom Radio.

 

INTERVIEW CONCLUDED

 

 

 

 

Contact brr@brr.com.au for more information

 

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