STRUCTURAL SYSTEMS LIMITED
STS - Structural Systems FY08 Preliminary Final Report - Mr David Perry, CFO
Thursday, 11 September 2008 09:45AM
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Mr David Perry
Thu, 11 Sep 2008
09:45AM Australia/Sydney
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STRUCTURAL SYSTEMS LIMITED (STS)
ASX code: STS
Website: http://www.structuralsystems.com.au/
Industry: Capital Goods
Principal Activities:
Engineering, Mining and Construction Contracting.
Address:
, , 112 Munro Street,
SOUTH MELBOURNE
VIC
Phone: (03) 9296 8100
Fax: (03) 9646 7133
Executives & Directors
Mr Robert Freedman , Chairman
Mr David Ross Perry , Managing Director, Finance Director
Mr Bruce Crome , Director
Mr Ian Fraser , Non Exec. Director
Mr Stuart Gray , Company Secretary
Company Podcasts
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
STRUCTURAL SYSTEMS LIMITED (STS) Events
| Company (Stock Code) | Date/Time | Event | Timezone: Australia/Sydney |
|---|---|---|---|
 |
Thu, 23 Apr 2009 08:30AM |
STS - Mining and Civil Specialists - Mr Roy Coates, General Manager of Rock Australia (part of Structural Systems Ltd) |     |
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Fri, 27 Feb 2009 12:30PM |
STS - Half Yearly Report - Mr David Perry, Managing Director | |
 |
Thu, 11 Sep 2008 09:45AM |
STS - Structural Systems FY08 Preliminary Final Report - Mr David Perry, CFO | |
| |
Mon, 14 Jul 2008 04:00PM |
STS - Earnings Guidance 2008 Year - Mr David Perry, CFO | |
 |
Fri, 29 Feb 2008 01:55PM |
STS - FY08 Interim Results - Mr Bob Freedman, MD | |
| |
Mon, 20 Aug 2007 12:00PM |
STS - June 2007 Full Year Results - Mr David Perry, Financial Director | |
| |
Thu, 12 Jul 2007 02:30PM |
STS - UK's Key Role in Wimbledon Upgrade - Mr Bob Freedman, MD | |
 |
Tue, 15 May 2007 05:15PM |
STS - Company Update - Mr Bob Freedman, MD | |
 |
Tue, 27 Feb 2007 12:30PM |
STS - Reports Record 73% Increase in Profit - Mr Bob Freedman, MD | |
 |
Wed, 17 Jan 2007 11:00AM |
STS - Earnings Guidance for Half Year Result, Profit Upgrade - Mr Bob Freedman, MD | |
 |
Wed, 20 Dec 2006 02:00PM |
STS - Update on Activities - Mr Bob Freedman, MD | |
 |
Tue, 12 Sep 2006 10:30AM |
STS - 2006 Full Year Results Briefing - Mr Robert Freedman, Managing Director | |
 |
Thu, 30 Mar 2006 09:30AM |
STS - Market Briefing - Mr Robert Freedman, Managing Director | |
| Thu, 29 Oct 2009 11:00AM |
Annual General Meeting Bayview Eden Hotel, 6 Queens Rd, Melbourne, VIC
|
||
| Wed, 26 Aug 2009 | Full Year Results | ||
| Tue, 24 Feb 2009 11:00PM |
Interim Results | ||
| Thu, 30 Oct 2008 11:00PM |
Date Payable | ||
| Fri, 3 Oct 2008 | Record Date | ||
| Mon, 29 Sep 2008 | Ex Div Date | ||
| Wed, 27 Aug 2008 | Full Year Results | ||
| Fri, 11 Apr 2008 | Date Payable | ||
| Wed, 19 Mar 2008 11:00PM |
Record Date | ||
| Thu, 13 Mar 2008 11:00PM |
Ex Div Date | ||
| Wed, 7 Nov 2007 10:00AM |
Annual General Meeting RACV Club Melbourne VIC
|
||
| Fri, 19 Oct 2007 | Date Payable | ||
| Fri, 21 Sep 2007 | Record Date | ||
| Mon, 17 Sep 2007 | Ex Div Date | ||
| Fri, 13 Apr 2007 | Date Payable | ||
| Thu, 22 Mar 2007 11:00PM |
Record Date | ||
| Sun, 18 Mar 2007 11:00PM |
Ex Div Date | ||
| Mon, 26 Feb 2007 11:00PM |
Interim Results | ||
| Wed, 8 Nov 2006 10:00AM |
Annual General Meeting 530 Collins Street Melbourne VIC 3000
|
||
| Fri, 20 Oct 2006 | Date Payable | ||
  Displaying 1-20 of 43 events
|
|||
STRUCTURAL SYSTEMS LIMITED (STS)
| Market Update | Wed, 20 Jan 2010 |
| Market Update | Wed, 25 Nov 2009 |
| Chairman`s Address to Shareholders | Thu, 29 Oct 2009 |
| Managing Director`s Address to Shareholders | Thu, 29 Oct 2009 |
| Results of Meeting | Thu, 29 Oct 2009 |
| Market Update - Sale of Formwork Division | Mon, 26 Oct 2009 |
| Annual Report to shareholders | Tue, 6 Oct 2009 |
| Notice of Annual General Meeting/Proxy Form | Tue, 6 Oct 2009 |
| Full Year Statutory Accounts | Mon, 28 Sep 2009 |
| Share Purchase Plan Refund Update | Wed, 23 Sep 2009 |
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 DAVID PERRY, FINANCIAL DIRECTOR OF STRUCTURAL SYSTEMS LIMITED (STS)
“Structural Systems FY08 Preliminary Final Report”
http://www.brr.com.au/event/51300
THURSDAY, SEPTEMBER 11, 2008, 9:45 AM.
BRR Today on Boardroomradio, I’m speaking with Mr. David Perry, the Financial Director of Structural Systems. David, thank you for joining us today.
10 STS Good morning, James.
BRR David, Structural Systems have released the financial year 2008 full year results with a 72% increase in impact. Could you start by covering the key figures in this result and illustrating how they compared to the previous
15 corresponding period?
STS Yes, well the two mines obviously draw up some numbers of the increase in revenue all constitute 100% growth in revenue year-on-year and the increase in profit from $12 million to $20.708 million, very pleasing results for us. The growth was widespread across all the businesses within the group. Mining
20 area was very strong, mining services was very strong throughout the year and the construction activities in Victoria, WA were very strong as well.
BRR Now David the profit result reflects continued growth despite current macroeconomic conditions, have the broader market conditions had much of
25 impact on STS operations?
STS Look, the Australian construction market place is very much stronger in some states as opposed to others. Victoria in the ’08 year was very strong, WA was strong. New South Wales has been a tough market area for a couple of years and our business out there has done a very good result, growing that
30 business despite the overall construction levels in New South Wales being down year-on-year, so it has been a bit of case of some aren’t performing states as compared to others. The Middle East obviously is an area that represents continued good growth prospects and we can’t see a slowdown coming there. On the resource and energy sectors in Australia that still
35 remains strong, so the mining services division of our business supporting those sectors. The outlook there is very strong as well.
BRR David, the construction and servicing cost is the biggest single mine item on the income statement, are there opportunities to reduce the proportionate
40 level of this expense or are you comfortable with its existing level?
STS Well certainly, cost structure of the business is something but it’s always a key part of our strategy and our focus at any point in time. That one area where we do see a lot of potential upside is the continued integration of the acquisition of Meridian and our Victorian construction market place and the
45 synergies that are coming from there already we’re seeing good use of resources across the businesses in the commercial and administrative sense. The next step is focusing on the procurement power but now exists within our business in Victoria and trying to maximize the benefits coming out of there. I think in terms of the changed cost date opposed to revenue slight increase up from 82% up to about 86% on the ’08 year, the business obviously preparing itself for the growth and dealing with that growth in the year. We had two major moves occurred during the business and obviously that’s… they call expensive activities in terms of relocating to their operations and adjust the
5 general establishment cost of dealing with these growth that something to, you know, we did see a thick cost in the ’08 year and we would expect to be after they’ll improve in the ’09 year.
BRR You’ve also indicated the mining in several service business segment has
10 significantly increased work-in-hand and the construction segment has delivered impressive revenue growth. Where do you see the biggest potential for growth in the medium term, both organically and through acquisition?
STS Yes, we see good organic growth opportunities still coming out of this strategy of rolling out the full structure service that we provide in Victoria, I
15 mean throughout the states. There is quite a demand for that in South Australia and particularly Western Australia with existing clients we’ve already got. So, that represents a good opportunity for us. Obviously the resource and energy, as I said before, sectors continues to grow within Australia and so with all contracts in that sector are tending to become longer term, which is
20 good, and also a broad array of services they’re looking for us to provide, so from an organic point of view, they’re probably the two main areas.
A mining services business as we did in our preliminary report is the one part of the business where acquisition which seemed to be more suitable at the
25 present time. There would be services that are going to be a very complementary to the existing services we provide in that sector and you know I think acquisition would fit nicely with that business (inaudible) (00:04:33) not only to grow but also to increase the range of services growth and enter into new markets in the civil arena, and also the infrastructure side
30 of the infrastructure has been.
BRR Well David, certainly it’s an impressive result and it sounds like the future growth opportunities are quite substantial still for Structural Systems. Thank you very much for your time today and we appreciate that you speak with us
35 on Boardroomradio.
STS Not a problem James, thanks very much.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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