- Qube Holdings reported solid underlying earnings for the first half of the 2016 fiscal year despite challenging market conditions. Revenue declined slightly due to lower volumes from existing customers.
- The company continued focusing on cost reductions and operational efficiencies to mitigate lower activity levels. New facilities also helped improve margins.
- Qube secured new customers and contracts through innovative logistics solutions, and pursued growth initiatives such as the proposed acquisition of Patrick Container Terminals and development at Moorebank.
- Qube Holdings Limited reported pleasing underlying revenue and earnings growth for FY 15, with EBITA up 14%. However, trading conditions are expected to remain challenging in FY 16.
- The company achieved a transformational outcome for the Moorebank intermodal terminal project, securing exclusive rights to develop the entire precinct.
- Post-FY 15, Qube entered a new joint venture to develop major fuel storage facilities in Australia, diversifying its portfolio and leveraging its logistics expertise.
- The document provides financial and operating results for CNO Financial Group for the 4th quarter of 2014, including earnings highlights and sales results.
- Key highlights included continued growth in the franchise, strong capital ratios, and $376.5 million spent on share repurchases for the full year.
- Sales growth outlook for 2015 is estimated at 3-6% overall, with individual segment expectations ranging from 3-8% growth.
Hillenbrand reported its Q4 2017 earnings. Revenue increased 3% to $443 million driven by 7% growth in the Process Equipment Group, partially offset by a 4% decline in Batesville. GAAP EPS increased 7% to $0.60. For full-year 2017, revenue grew 3% to $1.59 billion while GAAP EPS increased 12% to $1.97. The company provided guidance for 2018 of 2-4% revenue growth and GAAP EPS of $2.11-2.23.
- The document provides financial results for Verifone for Q1 FY18, including non-GAAP revenue of $425 million and non-GAAP EPS of $0.23.
- Verifone reaffirmed its FY18 guidance of 1-3% revenue growth and 5-7% EPS growth. Services revenue grew 11% year-over-year and comprised 43% of total revenue.
- Verifone's strategic priorities for FY18 focus on deploying new device families, connecting more devices through its gateways, and enabling clients through its Verifone Connect platform.
This document provides an overview and financial update of JP Energy Partners. In Q3 2015, Adjusted EBITDA was $10.4 million, an 8% increase over Q3 2014. Distribution coverage was approximately 0.7x for common units. Recent projects like the Reagan Lateral expansion and Magellan interconnect were completed on time and under budget. Cost reduction initiatives are expected to provide $2-2.5 million in savings in 2016. The company is focused on growing fee-based cash flows through organic projects and potential drop-downs in its core Permian Basin footprint.
The document summarizes accounting and financial reporting issues from the second quarter of 2015. It discusses changes to the presentation of debt issuance costs, accounting for internal use software, classification within the fair value hierarchy, revenue recognition guidance, business combinations, equity and share-based accounting methods, and financial statement presentation for not-for-profits. The Financial Accounting Standards Board issued or proposed updates on each of these topics, aimed at simplifying and improving various accounting standards.
This document provides a summary of CTEEP's financial results for 2014. It highlights an increase in net operating revenue of 12.4% and EBITDA of R$488 million, with a margin of 44.3%. Net income was R$379.7 million compared to R$31.9 million in 2013. The equity income result also increased. CTEEP saw growth in its market capitalization and trading volume in 2014. The presentation reviews revenue breakdowns, cost reductions, the financial result, debt levels, investments and capital markets performance for the year.
- Qube Holdings Limited reported pleasing underlying revenue and earnings growth for FY 15, with EBITA up 14%. However, trading conditions are expected to remain challenging in FY 16.
- The company achieved a transformational outcome for the Moorebank intermodal terminal project, securing exclusive rights to develop the entire precinct.
- Post-FY 15, Qube entered a new joint venture to develop major fuel storage facilities in Australia, diversifying its portfolio and leveraging its logistics expertise.
- The document provides financial and operating results for CNO Financial Group for the 4th quarter of 2014, including earnings highlights and sales results.
- Key highlights included continued growth in the franchise, strong capital ratios, and $376.5 million spent on share repurchases for the full year.
- Sales growth outlook for 2015 is estimated at 3-6% overall, with individual segment expectations ranging from 3-8% growth.
Hillenbrand reported its Q4 2017 earnings. Revenue increased 3% to $443 million driven by 7% growth in the Process Equipment Group, partially offset by a 4% decline in Batesville. GAAP EPS increased 7% to $0.60. For full-year 2017, revenue grew 3% to $1.59 billion while GAAP EPS increased 12% to $1.97. The company provided guidance for 2018 of 2-4% revenue growth and GAAP EPS of $2.11-2.23.
- The document provides financial results for Verifone for Q1 FY18, including non-GAAP revenue of $425 million and non-GAAP EPS of $0.23.
- Verifone reaffirmed its FY18 guidance of 1-3% revenue growth and 5-7% EPS growth. Services revenue grew 11% year-over-year and comprised 43% of total revenue.
- Verifone's strategic priorities for FY18 focus on deploying new device families, connecting more devices through its gateways, and enabling clients through its Verifone Connect platform.
This document provides an overview and financial update of JP Energy Partners. In Q3 2015, Adjusted EBITDA was $10.4 million, an 8% increase over Q3 2014. Distribution coverage was approximately 0.7x for common units. Recent projects like the Reagan Lateral expansion and Magellan interconnect were completed on time and under budget. Cost reduction initiatives are expected to provide $2-2.5 million in savings in 2016. The company is focused on growing fee-based cash flows through organic projects and potential drop-downs in its core Permian Basin footprint.
The document summarizes accounting and financial reporting issues from the second quarter of 2015. It discusses changes to the presentation of debt issuance costs, accounting for internal use software, classification within the fair value hierarchy, revenue recognition guidance, business combinations, equity and share-based accounting methods, and financial statement presentation for not-for-profits. The Financial Accounting Standards Board issued or proposed updates on each of these topics, aimed at simplifying and improving various accounting standards.
This document provides a summary of CTEEP's financial results for 2014. It highlights an increase in net operating revenue of 12.4% and EBITDA of R$488 million, with a margin of 44.3%. Net income was R$379.7 million compared to R$31.9 million in 2013. The equity income result also increased. CTEEP saw growth in its market capitalization and trading volume in 2014. The presentation reviews revenue breakdowns, cost reductions, the financial result, debt levels, investments and capital markets performance for the year.
CNO Financial Group reported financial and operating results for 1Q14. Key highlights included continued profitable growth, a strong financial position, and returning capital to shareholders. The CLIC transaction remains on track to close in mid-2014. Segment earnings were in line with expectations, while investments in distribution are driving sales growth. Capital deployment in 1Q14 included $41 million in stock repurchases. CNO maintains a strong capital position and liquidity.
- CNO Financial Group reported financial and operating results for the second quarter of 2014, ending June 30, 2014.
- Key highlights included growth in business metrics like net collected premiums and annuity account values, continued strength in capital ratios, and ongoing return of capital to shareholders through stock repurchases.
- They also closed the sale of Conseco Life Insurance Company on July 1st, which led to an additional credit rating upgrade from S&P.
Hillenbrand reported financial results for Q4 2016 with the following highlights:
- Revenue increased 9% to $429 million driven by growth in the Process Equipment Group.
- Net income increased 88% to $36 million and adjusted EPS increased slightly to $0.58.
- The Process Equipment Group saw a 17% revenue increase while Batesville's revenue declined 4%.
- For the full 2016 year, revenue declined 4% to $1.54 billion while net income grew 1% and adjusted EBITDA margin improved.
- The company provided guidance for adjusted EPS of $2.10-$2.20 for FY2017.
Juniper networks q4 2014 financial results slides final 2015-02-23IRJuniperNetworks
- Juniper Networks reported financial results for Q4 2014 with revenue decreasing 14% year-over-year and 2% quarter-over-quarter to $1.1 billion. Excluding the divested Junos Pulse business, revenue decreased 11% year-over-year and increased 1% quarter-over-quarter.
- Non-GAAP operating margin was 21.9% and non-GAAP diluted EPS increased $0.05 quarter-over-quarter to $0.41 per share.
- For the full year 2014, revenue decreased 1% year-over-year while excluding Junos Pulse revenue was flat. Non-GAAP operating margin expanded 1.5 percentage points to
- Juniper Networks reported financial results for Q4 2014 with revenue of $1.1 billion, down 14% year-over-year but up 1% quarter-over-quarter excluding Junos Pulse.
- Non-GAAP operating margin was 21.9%, flat year-over-year as cost reductions offset revenue declines.
- Weakness in the US carrier market impacted routing and security revenue, though demand from cloud providers partially offset declines.
The document summarizes the financial highlights and operational performance of Direcional Engenharia S.A. for 4Q14 and full year 2014. Key points include:
- Record cash flow generation of R$158 million for 2014, a 106.6% increase over 2013.
- Revenues from services increased 53% to R$1.3 billion, accounting for 67% of total revenue.
- Mortgage transfers in development totaled R$503 million, a 40% growth over 2013.
- Proposed dividends of R$63.2 million, corresponding to 40% of cash flow generation for the period.
This document summarizes a public meeting held by CTEEP in 2014. It discusses CTEEP's principal challenges, growth opportunities, and 3Q14 financial results. CTEEP aims to improve efficiency through optimization of O&M costs and investments, while pursuing indemnification from ANEEL. It also seeks to strengthen governance over its subsidiaries and capitalize on increased energy demand in Brazil through 2022. CTEEP's 3Q14 results show growth in net income, EBITDA, and RAP compared to the previous year.
EY's latest newsletter summarizes SEC developments in the last quarter. This issue highlights the remarks made by SEC staff members at the recent AICPA National Conference on Current SEC and PCAOB Developments related to SEC reporting implications of new accounting standards, non-GAAP financial measures and management’s discussions and analysis disclosure considerations for income taxes. We also discuss the SEC's progress on rulemaking and other initiatives, as well as significant personnel changes.
This document outlines the requirements for interim financial reporting in Vietnam. It defines interim periods and interim financial reports. The minimum content of an interim financial report includes condensed financial statements comprising a condensed balance sheet, condensed income statement, condensed cash flow statement, and selected explanatory notes. The notes should include information about accounting policies, unusual items, changes in owner's equity, subsequent events, and segment information. The interim financial report is intended to provide an update on the latest annual financial statements and focus on significant events and transactions since the last annual report.
Accounting Standards Updates (ASU) Effective in 2016 or later yearsIrene Valverde
The document provides an overview of several recent accounting standards updates (ASUs) from the FASB, including ASUs on revenue recognition, going concern considerations, extraordinary items, consolidation, debt issuance costs, and leases. It summarizes the key changes and effective dates of each ASU. The ASUs aim to simplify accounting guidance and financial reporting requirements in various areas.
Bruker Corporation reported financial results for Q2 2014. Revenue grew 1% year-over-year to $457 million, driven by growth in BioSpin and BEST. Non-GAAP EPS increased 17% to $0.21. For the first half of 2014, revenue increased 4% to $881 million and non-GAAP EPS grew 23% to $0.32. The company saw improvements in operating margins and free cash flow. Bruker expects lower revenue growth in the second half of 2014 compared to the first half.
Klöckner & Co SE Analysts' and Investors' Presentation Q2 2016Klöckner & Co SE
Analysts' and Investors' Presentation for the 2nd quarter results on August 4, 2016
More at https://www.kloeckner.com/en/veroeffentlichung-ergebnis-q2-2016.html
Abengoa first semester 2014 Earnings PresentationAbengoa
- Abengoa reported revenues of €3.4 billion for the first half of 2014, a 2% increase over the same period in 2013. EBITDA was €695 million, up 31% year-over-year. Net income increased 49% to €69 million.
- The company continues to execute its strategic plan, with the successful IPO of Abengoa Yield providing a market reference for its concessions portfolio and the ability to further crystallize value. Corporate leverage improved to 2.5x from 3.2x in June 2013.
- Engineering and construction delivered strong margins of 17.7% in the first half, with the business segment's backlog increasing 8% to a record
The document provides a financial summary of a company's full year results for FY15. Key highlights include:
- Net operating income increased 24% to $90.1m
- Pro forma EBTDA increased 22% to $34.5m
- EPS of 10.11c per share for FY15, up 18%
- Strong growth across key financial and operational metrics such as active clients, transactions, and turnover.
Annual presentation of Abengoa in 2014. In the company we are committed to reporting our activities in a clear and transparent way.
This presentation contains a Business and a Financial Review.
The document provides a summary of B.K.R.L. SWAMY's professional experience and qualifications. It details over 28 years of experience in finance and accounting roles, including currently serving as AGM - Finance & Accounts at Thermal Powertech Corporation India Limited. It also lists his educational background and skills in areas like finance, accounting, budgeting, cost control, and taxation.
The document discusses key aspects of financial statements that should be reviewed when analyzing a company's accounts, including the director's report, notes, trial balance, and tax audit report. It provides examples of items to examine, such as details on inventory write-offs, capital expenditures, inter-company transactions, and service tax payments. The analysis aims to identify any discrepancies between a company's financial statements and service tax compliance.
- Garmin reported strong revenue and earnings growth in Q3 2014, with revenue up 10% and pro forma EPS growth of 10%. The non-auto/mobile segments grew revenue 24% and contributed 56% of total revenue.
- All business segments except automotive/mobile saw revenue and operating income growth. Fitness revenue was up 43% and aviation was up 19%.
- Garmin updated full-year 2014 guidance with revenue expected to be around $2.85 billion and pro forma EPS expected to be approximately $3.10.
- Garmin reported Q3 2015 revenue of $680 million, down 4% year-over-year due to a strong US dollar. Earnings per share were $0.51.
- Fitness segment revenue grew 23% driven by strong sales of activity trackers, multisport devices, and cycling products.
- Guidance for full-year 2015 was updated with expected revenue of $2.8 billion, gross margin of 53.5%, operating margin of 18.5%, and EPS of $2.25.
- The company generated $124 million in free cash flow for Q3 2015 and repurchased $51 million of its shares.
Este documento trata sobre la investigación de operaciones. Explica que la investigación de operaciones surgió durante la Segunda Guerra Mundial para estudiar problemas estratégicos y tácticos militares. Luego, las técnicas de investigación de operaciones comenzaron a usarse en la industria. La investigación de operaciones usa modelos matemáticos para representar y resolver problemas complejos con el fin de mejorar el funcionamiento de sistemas. Es una herramienta útil que los gerentes usan para tomar decisiones informadas sobre la producción y operaciones con
CNO Financial Group reported financial and operating results for 1Q14. Key highlights included continued profitable growth, a strong financial position, and returning capital to shareholders. The CLIC transaction remains on track to close in mid-2014. Segment earnings were in line with expectations, while investments in distribution are driving sales growth. Capital deployment in 1Q14 included $41 million in stock repurchases. CNO maintains a strong capital position and liquidity.
- CNO Financial Group reported financial and operating results for the second quarter of 2014, ending June 30, 2014.
- Key highlights included growth in business metrics like net collected premiums and annuity account values, continued strength in capital ratios, and ongoing return of capital to shareholders through stock repurchases.
- They also closed the sale of Conseco Life Insurance Company on July 1st, which led to an additional credit rating upgrade from S&P.
Hillenbrand reported financial results for Q4 2016 with the following highlights:
- Revenue increased 9% to $429 million driven by growth in the Process Equipment Group.
- Net income increased 88% to $36 million and adjusted EPS increased slightly to $0.58.
- The Process Equipment Group saw a 17% revenue increase while Batesville's revenue declined 4%.
- For the full 2016 year, revenue declined 4% to $1.54 billion while net income grew 1% and adjusted EBITDA margin improved.
- The company provided guidance for adjusted EPS of $2.10-$2.20 for FY2017.
Juniper networks q4 2014 financial results slides final 2015-02-23IRJuniperNetworks
- Juniper Networks reported financial results for Q4 2014 with revenue decreasing 14% year-over-year and 2% quarter-over-quarter to $1.1 billion. Excluding the divested Junos Pulse business, revenue decreased 11% year-over-year and increased 1% quarter-over-quarter.
- Non-GAAP operating margin was 21.9% and non-GAAP diluted EPS increased $0.05 quarter-over-quarter to $0.41 per share.
- For the full year 2014, revenue decreased 1% year-over-year while excluding Junos Pulse revenue was flat. Non-GAAP operating margin expanded 1.5 percentage points to
- Juniper Networks reported financial results for Q4 2014 with revenue of $1.1 billion, down 14% year-over-year but up 1% quarter-over-quarter excluding Junos Pulse.
- Non-GAAP operating margin was 21.9%, flat year-over-year as cost reductions offset revenue declines.
- Weakness in the US carrier market impacted routing and security revenue, though demand from cloud providers partially offset declines.
The document summarizes the financial highlights and operational performance of Direcional Engenharia S.A. for 4Q14 and full year 2014. Key points include:
- Record cash flow generation of R$158 million for 2014, a 106.6% increase over 2013.
- Revenues from services increased 53% to R$1.3 billion, accounting for 67% of total revenue.
- Mortgage transfers in development totaled R$503 million, a 40% growth over 2013.
- Proposed dividends of R$63.2 million, corresponding to 40% of cash flow generation for the period.
This document summarizes a public meeting held by CTEEP in 2014. It discusses CTEEP's principal challenges, growth opportunities, and 3Q14 financial results. CTEEP aims to improve efficiency through optimization of O&M costs and investments, while pursuing indemnification from ANEEL. It also seeks to strengthen governance over its subsidiaries and capitalize on increased energy demand in Brazil through 2022. CTEEP's 3Q14 results show growth in net income, EBITDA, and RAP compared to the previous year.
EY's latest newsletter summarizes SEC developments in the last quarter. This issue highlights the remarks made by SEC staff members at the recent AICPA National Conference on Current SEC and PCAOB Developments related to SEC reporting implications of new accounting standards, non-GAAP financial measures and management’s discussions and analysis disclosure considerations for income taxes. We also discuss the SEC's progress on rulemaking and other initiatives, as well as significant personnel changes.
This document outlines the requirements for interim financial reporting in Vietnam. It defines interim periods and interim financial reports. The minimum content of an interim financial report includes condensed financial statements comprising a condensed balance sheet, condensed income statement, condensed cash flow statement, and selected explanatory notes. The notes should include information about accounting policies, unusual items, changes in owner's equity, subsequent events, and segment information. The interim financial report is intended to provide an update on the latest annual financial statements and focus on significant events and transactions since the last annual report.
Accounting Standards Updates (ASU) Effective in 2016 or later yearsIrene Valverde
The document provides an overview of several recent accounting standards updates (ASUs) from the FASB, including ASUs on revenue recognition, going concern considerations, extraordinary items, consolidation, debt issuance costs, and leases. It summarizes the key changes and effective dates of each ASU. The ASUs aim to simplify accounting guidance and financial reporting requirements in various areas.
Bruker Corporation reported financial results for Q2 2014. Revenue grew 1% year-over-year to $457 million, driven by growth in BioSpin and BEST. Non-GAAP EPS increased 17% to $0.21. For the first half of 2014, revenue increased 4% to $881 million and non-GAAP EPS grew 23% to $0.32. The company saw improvements in operating margins and free cash flow. Bruker expects lower revenue growth in the second half of 2014 compared to the first half.
Klöckner & Co SE Analysts' and Investors' Presentation Q2 2016Klöckner & Co SE
Analysts' and Investors' Presentation for the 2nd quarter results on August 4, 2016
More at https://www.kloeckner.com/en/veroeffentlichung-ergebnis-q2-2016.html
Abengoa first semester 2014 Earnings PresentationAbengoa
- Abengoa reported revenues of €3.4 billion for the first half of 2014, a 2% increase over the same period in 2013. EBITDA was €695 million, up 31% year-over-year. Net income increased 49% to €69 million.
- The company continues to execute its strategic plan, with the successful IPO of Abengoa Yield providing a market reference for its concessions portfolio and the ability to further crystallize value. Corporate leverage improved to 2.5x from 3.2x in June 2013.
- Engineering and construction delivered strong margins of 17.7% in the first half, with the business segment's backlog increasing 8% to a record
The document provides a financial summary of a company's full year results for FY15. Key highlights include:
- Net operating income increased 24% to $90.1m
- Pro forma EBTDA increased 22% to $34.5m
- EPS of 10.11c per share for FY15, up 18%
- Strong growth across key financial and operational metrics such as active clients, transactions, and turnover.
Annual presentation of Abengoa in 2014. In the company we are committed to reporting our activities in a clear and transparent way.
This presentation contains a Business and a Financial Review.
The document provides a summary of B.K.R.L. SWAMY's professional experience and qualifications. It details over 28 years of experience in finance and accounting roles, including currently serving as AGM - Finance & Accounts at Thermal Powertech Corporation India Limited. It also lists his educational background and skills in areas like finance, accounting, budgeting, cost control, and taxation.
The document discusses key aspects of financial statements that should be reviewed when analyzing a company's accounts, including the director's report, notes, trial balance, and tax audit report. It provides examples of items to examine, such as details on inventory write-offs, capital expenditures, inter-company transactions, and service tax payments. The analysis aims to identify any discrepancies between a company's financial statements and service tax compliance.
- Garmin reported strong revenue and earnings growth in Q3 2014, with revenue up 10% and pro forma EPS growth of 10%. The non-auto/mobile segments grew revenue 24% and contributed 56% of total revenue.
- All business segments except automotive/mobile saw revenue and operating income growth. Fitness revenue was up 43% and aviation was up 19%.
- Garmin updated full-year 2014 guidance with revenue expected to be around $2.85 billion and pro forma EPS expected to be approximately $3.10.
- Garmin reported Q3 2015 revenue of $680 million, down 4% year-over-year due to a strong US dollar. Earnings per share were $0.51.
- Fitness segment revenue grew 23% driven by strong sales of activity trackers, multisport devices, and cycling products.
- Guidance for full-year 2015 was updated with expected revenue of $2.8 billion, gross margin of 53.5%, operating margin of 18.5%, and EPS of $2.25.
- The company generated $124 million in free cash flow for Q3 2015 and repurchased $51 million of its shares.
Este documento trata sobre la investigación de operaciones. Explica que la investigación de operaciones surgió durante la Segunda Guerra Mundial para estudiar problemas estratégicos y tácticos militares. Luego, las técnicas de investigación de operaciones comenzaron a usarse en la industria. La investigación de operaciones usa modelos matemáticos para representar y resolver problemas complejos con el fin de mejorar el funcionamiento de sistemas. Es una herramienta útil que los gerentes usan para tomar decisiones informadas sobre la producción y operaciones con
Express CLS is a Westchester County-based transportation services company that provides private and reliable airport transfers, corporate travel, and transportation for events throughout the Tri-State area. Their mission is to provide optimal customer service through fast and efficient service using technology to increase customer satisfaction while establishing long-term relationships. They have experienced chauffeurs, late model vehicles, and reliable on-time service available 24/7.
This document contains two summaries of child slavery in Haiti:
1) Many poor families in Haiti give custody of their children to wealthier families due to poverty, hoping the children will be provided for in exchange for domestic work. These children, called "restaveks", often work long hours with no pay or education and suffer abuse.
2) The story of one child domestic worker describes waking up at 4am to collect water, then working all day cleaning and cooking without breaks. She is treated badly by her employer and does not attend school. She wants to visit her family but has not been in contact with them since leaving four years ago.
EVALUACIÓN Y FORMULACIÓN DE PROYECTOS, POR MEDIO DE LA METODOLOGÍA DEL MARCO ...OSCAR IVAN TIUSO HERNANDEZ
Este documento presenta un marco lógico para abordar el problema de que las personas jóvenes y adultos mayores tienen dificultades para encontrar empleo de manera rápida en Villavicencio, Colombia. El propósito es que estas personas encuentren trabajo en menos de 15 días y que no sean discriminadas. Se propone crear entidades para proteger a los desempleados, y que empresas, universidades, bancos y el estado colaboren en orientar a los candidatos rechazados y ayudarlos a conseguir empleo de manera rápida.
The speaker fell in love at first sight with someone whose eyes and lips moved them to tears of gratitude and salivation. Unable to locate this person in person, the speaker connected with them online and hopes to share their love for them over the internet, dreaming of the day they can kiss this person's succulent lips high above.
Este documento trata sobre la terapia dialítica en pacientes agudos y críticos. La insuficiencia renal aguda (IRA) es frecuente en pacientes críticos y se asocia con alta mortalidad. Existen diferentes técnicas de depuración extrarenal como la diálisis peritoneal, hemodiálisis intermitente y terapia de depuración continua. El inicio temprano de la terapia de reemplazo renal puede mejorar resultados, aunque también existe el riesgo de complicaciones. La modalidad adecuada debe eleg
Areas de aplicacion de la investigacion de operacionesTatiana Haro
Este documento resume las principales áreas de aplicación de la investigación de operaciones en una empresa, incluyendo la automatización y reducción de costos de personal, el desarrollo e introducción de productos, la gestión de compras, materiales y suministros, la fabricación, control de producción y calidad, análisis financieros y contables, e implementación de métodos como PERT para la planificación y control de proyectos complejos con múltiples actividades.
- Revenue for the year ended 31 March 2020 was £87.5 million, down 6% from the previous year. Adjusted EBITDA was £17.6 million, up 5% from the previous year.
- Operational efficiencies and network upgrades were completed during the year to improve margins. Recurring revenues returned to growth in the second half after declines in previous years.
- A settlement was reached with the FCA regarding past conduct, to be funded with £11.4 million to compensate shareholders. Minimal financial impact was seen from the COVID-19 pandemic.
Sterling Resources holds material oil and gas assets in the UK North Sea including the Breagh gas field with over 20 years of remaining production and the upcoming Cladhan oil field. Sterling plans to maximize production at Breagh through additional drilling and well stimulations over the next two years. The company also holds exploration licenses with significant prospective resources. Sterling is focused on stabilizing its operations and finances through portfolio rationalization, cost reductions, and refinancing its debt.
Q3 2014 jnpr financial results slides final - 2014-10-27IRJuniperNetworks
Juniper Networks reported its Q3 2014 financial results. Revenue decreased 5% year-over-year to $1.126 billion due to weakness in certain geographies and markets. However, the company exceeded its cost reduction targets and expanded operating margins to 21.5%. Looking forward, Juniper provided Q4 2014 guidance and outlined additional cost reductions and an increased capital return program totaling $4.1 billion.
- The document is the transcript from Juniper Networks' Q3 2014 financial results conference call, held on October 23, 2014. It includes forward-looking statements and discusses non-GAAP financial measures.
- Key highlights from the quarter include missing revenue targets but making progress on cost reductions and the capital return plan. The company increased its cost reduction commitment to $260 million annualized.
- Financial results saw revenue down 5% year-over-year and 8% quarter-over-quarter, with a non-GAAP operating margin of 21.5%.
- The company reported a 17.1% increase in orders but a 28.5% decrease in revenue for Q1 2017 compared to Q1 2016. The backlog increased 0.8% year-over-year.
- The net loss was $36.0 million for Q1 2017, an improvement from a $192.7 million loss in Q1 2016. Adjusted EBITDA was negative $0.8 million compared to positive $19.5 million last year.
- New products launched at ConExpo received strong customer reception, but soft market conditions impacted the mobile cranes and tower cranes businesses in some regions. The company is focused on cost management and aligning production capacity with
- Q1 earnings presentation for 2017 reported that the company achieved guidance on revenue and profits despite a tough consumer environment.
- Launched 17 new show concepts with many showing potential for growth. Improved key customer metrics including purchase frequency and growth in wearable category customers.
- Digital sales increased as a percentage of total sales and mobile sales increased as a percentage of digital sales. Engagement on social media and streaming platforms also improved.
Evine investor presentation sept 2016 finalevine2015
- Evine is a digital commerce company that merges shopping and entertainment through TV, online, and mobile platforms.
- In Q2 2016, Evine reported a 2% decrease in net sales but improved gross profit margin by 160 basis points and increased adjusted EBITDA by over 50% compared to Q2 2015.
- The company has a new leadership team focused on driving profitable growth through initiatives like improving the quality of merchandise and customer experience.
- Evine is a digital commerce company that merges shopping and entertainment through TV, online, and mobile platforms.
- In Q2 2016, Evine reported a 2% decrease in net sales but improved gross profit margin by 160 basis points and increased adjusted EBITDA by over 50% compared to Q2 2015.
- The company has a new leadership team focused on driving profitable growth through initiatives like improving the quality of merchandise and customer experience.
1) Masonite reported strong growth in 1Q16 with net sales increasing 13% to $489.3 million and adjusted EBITDA growing 54% to $58.2 million.
2) All three of Masonite's reporting segments - North American Residential, Europe, and Architectural - experienced adjusted EBITDA growth in 1Q16 and double digit increases in net sales.
3) The improved results were driven by a stronger housing market in North America and solid execution across Masonite's business segments.
This document provides an earnings presentation for Q4 2017. Key points include:
- The company delivered its first year of positive net income since 2007 and highest adjusted EBITDA since 2010.
- Digital sales increased to 54% of total sales in Q4 2017, up from prior year.
- The company launched its programming in over 10 million additional HD homes in 2017.
- 2018 guidance forecasts 2-5% normalized sales growth and adjusted EBITDA of $19-21 million, representing 5-17% growth.
View the presentations from Porter Keadle Moore's Alumni & Friends Tailgating Event. "What's New in the Accounting Playbook" presented by Arvil Stanford, PKM Audit Partner. "Avoiding the Blindside: Managing Cyber Threats in Today's Environment" presented by PKM's Terry Ammons, Systems Partner, and Tim Davis, Systems Senior. David Lee, UGA Vice President for Research, "University of Georgia Research: Why It Matters."
Make sure to join us next year!
Bruker Corporation reported financial results for Q1 2015 with revenues of $353.5 million, down 17% year-over-year due to currency impacts and divestitures. Non-GAAP earnings per share were $0.14, up 27% from $0.11 in Q1 2014, driven by restructuring initiatives and operational improvements. For full-year 2015, Bruker expects organic revenue growth of approximately 1% and over 100 basis points of non-GAAP operating margin expansion despite currency headwinds.
Aimia's Q1 2015 highlights saw adjusted EBITDA increase approximately 60% year-over-year due to strong performance across regions. Gross billings declined slightly by 3.6% excluding the prior year contribution from TD, with growth in Canada and EMEA offset by declines in US and APAC. Free cash flow was positive at $5.2 million compared to negative $39.5 million in the prior year. Aimia reiterated its full year 2015 guidance targets.
Hillenbrand provides a Q4 2015 earnings presentation covering their financial performance and outlook. Key points:
- Q4 revenue declined 16% to $392 million due to lower volume in the Process Equipment Group segment. Adjusted EPS fell 9% to $0.55.
- For full-year 2015, revenue increased 2% but currency impacts reduced revenue by 6%. Adjusted EPS grew 6.8% to $2.05.
- For 2016, Hillenbrand expects 2-4% constant currency revenue growth and adjusted EPS between $2.10-$2.25, driven by organic growth and cost improvements.
Q2 2016 earnings call presentation final v2Hillenbrand_IR
Hillenbrand provides a Q2 2016 earnings presentation covering their consolidated and segment financial performance. Some key points:
- Consolidated revenue decreased 4% to $387 million due to an 8% decline in Batesville revenue, while adjusted EPS of $0.49 was in line with prior year.
- The Process Equipment Group saw 2% lower revenue but improved adjusted EBITDA margins. Batesville also improved adjusted EBITDA margins despite an 8% revenue decline.
- For fiscal year 2016, Hillenbrand expects total revenue to decline 2-4% on a constant currency basis and adjusted EPS in the range of $2.05 to $2.15.
A copy of Chesapeake Energy's PowerPoint presentation at the Heikkinen Energy Conference in August 2016. Several slides show Chesapeake's shale drilling strategy, which will focus on the Eagle Ford and Haynesville Shale plays in the near-term.
- CCR's consolidated traffic fell 0.7% in 4Q14 but grew 2.5% in 2014. Toll collection by electronic means increased, with over 4.8 million active tags.
- Adjusted EBITDA on a same-basis increased 4% in 4Q14, with a margin of 64.1%. In 2014, adjusted EBITDA grew 7.3% with a margin of 65.3%.
- Net income on a same-basis decreased 10.7% in 4Q14 due to new projects not yet generating revenue. CCR proposed additional dividends of R$100.8 million.
Teekay LNG Partners reported its Q3-2015 earnings. It generated $61.1 million in distributable cash flow and declared a $0.70 per unit cash distribution. The Partnership continues to generate stable cash flows supported by $11.3 billion in long-term fee-based contracts. The first two new MEGI LNG carriers are on track for delivery to Cheniere Energy to service the Sabine Pass LNG export facility. The new approach to future growth projects will apply higher hurdle rates and prioritize capital allocation to existing assets and acquisitions that are accretive.
Evine investor presentation november 2016evine2015
Evine Live, Inc. is a digital commerce company that generates $693 million in annual revenue through TV, online, and mobile shopping experiences. In Q2 2016, Evine reported a 2% decline in net sales but improved gross profit margin by 160 basis points and increased adjusted EBITDA by 52% compared to Q2 2015. The company has a new leadership team focused on driving profitable growth through initiatives to strengthen brands, improve customer experience, and increase distribution. Evine is well positioned in the evolving retail landscape as consumers shift to direct-to-consumer shopping models.
The document provides an operational and financial update for Indiabulls Housing Finance Limited for 9M FY15-16 (ending December 31, 2015). Some key highlights include:
- Loan assets grew 29.5% to Rs. 622.6 billion compared to the same period last year.
- Net interest income grew 30.3% to Rs. 26.8 billion for the nine month period.
- Profit after tax for 9M FY15-16 grew 23.6% to Rs. 16.7 billion compared to the same period last year.
- AMC has raised its offer price to acquire Carmike Cinemas to $33.06 per share, a 32% premium to Carmike's unaffected share price.
- Shareholders can elect to receive $33.06 in cash or 1.0819 AMC shares per Carmike share, subject to proration of 70% cash and 30% stock.
- The revised offer is responsive to feedback seeking a higher price and has been approved by both companies' boards. The acquisition is expected to close by the end of 2016, pending regulatory and shareholder approvals.
The document summarizes AMC's acquisition of Carmike Cinemas. Key details include:
- AMC agreed to acquire Carmike for $30 per share, or $756 million in equity value and $1.1 billion in enterprise value.
- The transaction was unanimously approved by Carmike's Board of Directors and is expected to close by the end of 2016.
- The $30 per share price represents a significant premium to Carmike's historical trading multiples and delivers value and certainty to Carmike shareholders.
ASML will acquire HMI to enhance its holistic lithography product portfolio. The acquisition will boost ASML and HMI's metrology technologies and support EUV technologies. It will also support ASML's holistic lithography strategy and addressable market opportunities. The acquisition is expected to close in Q4 2016, pending shareholder and regulatory approval.
- Logan Property Holdings reported a 53.6% increase in contracted sales to RMB20.51 billion for 2015. Net profit grew 11% to RMB2.69 billion while core profit rose 12.1% to RMB1.97 billion.
- The company acquired eight new projects in 2015, adding 2.39 million square meters to its land bank which totaled 13.71 million square meters as of December 2015.
- Financial highlights included a 16.6% rise in revenue to RMB14.57 billion and gross and core profit margin remaining strong at 30.4% and 13.5% respectively.
- Terex has agreed to sell its Material Handling & Port Solutions (MHPS) business to Konecranes for total consideration of $1.3 billion, consisting of $820 million in cash and a 25% equity stake in Konecranes.
- The sale will allow Terex to benefit from operational synergies realized by Konecranes, strengthen Terex's balance sheet, and provide flexibility to invest in its remaining business areas and buy back shares.
- Terex can terminate the sale agreement by May 31, 2016 if it reaches a deal to sell its entire business to Zoomlion, paying a $37 million termination fee.
This document provides a financial highlights briefing for the fiscal year 2015 results of a toll road company. Key points include:
- Revenue increased 9% to HK$2.208 billion while net profit attributable to shareholders rose 19% to HK$597 million.
- Toll road operations continued to be the primary business segment and driver of results, with revenue increasing 9% to HK$2.198 billion.
- Traffic volumes on the company's toll roads grew 2% overall in 2015 compared to 2014.
- The outlook for 2016 acknowledges challenges from slower economic growth in China but expects the toll road industry fundamentals to remain strong and for the company to remain profitable.
- Sales and earnings increased across all major brands and operating groups in the first half of 2016. Total sales were up 8.6% and earnings before interest and tax were up 14.9%.
- Retail sales grew strongly, particularly for the Bonds and Sheridan brands. Bonds retail comp store sales increased 22% and Sheridan's increased 9%.
- Wholesale sales were flat overall, though the company is focusing on partnerships with key wholesale customers and international expansion of key brands.
- The company expects full year 2016 EBIT to be between $73-75 million and reinstated dividend payments at a 60% payout ratio.
- Lexmark reported fourth quarter and full year 2015 financial results, with fourth quarter revenue in line with guidance and full year core revenue growing 6% at constant currency.
- Enterprise Software revenue grew $75 million in the fourth quarter, with operating income increasing $31 million and margin exceeding 24%.
- Lexmark is progressing its strategic alternatives process while focusing on execution, customers, and unlocking shareholder value. A 2016 restructuring program is expected to generate $100 million in annualized pretax savings.
Geometric reported financial results for the third quarter of FY2016.
- Revenues increased 2.1% quarter-over-quarter in INR terms and 2.3% year-over-year in USD terms.
- Net income increased 25.7% quarter-over-quarter to INR 289.43 million, with EPS of INR 4.48.
- EBITDA increased 18.2% quarter-over-quarter to INR 632.09 million, with an EBITDA margin of 20.1% of revenues.
The document summarizes Halcyon Agri Corporation's 2015 full year financial results. It highlights a volatile natural rubber market environment throughout 2015. While revenue was $994 million, adjusted EBITDA was $49 million due to low natural rubber prices. The company's integration is now complete and it is focusing on harvesting opportunities from its supply chain model. Key financial figures show revenue, gross profit, EBITDA, and operating profit for Q4 and full year 2015. Segment contributions show the processing and distribution segments each contributed around half of sales volume and revenue.
Qube is acquiring Patrick Container Terminals and is conducting an entitlement offer to raise funds. The acquisition and entitlement offer are subject to various conditions and risks. If successful, the transactions will expand Qube's port operations and increase its scale. Pro forma financial information indicates the acquisition would significantly increase Qube's revenue and assets upon completion.
AMC Entertainment Holdings plans to acquire Carmike Cinemas for $30 per share in cash, for a total consideration of $757 million. The acquisition will create the largest movie theater chain in the US with over 600 theaters in 45 states. AMC expects to realize $35 million in annual synergies from eliminating redundant costs. The combined company will have complementary theater footprints, with AMC focused on large urban areas and Carmike on mid-sized non-urban markets. AMC intends to maintain the two brands and expects the acquisition to be accretive to free cash flow per share in its first full year.
APA Group is offering to acquire all remaining securities of Ethane Pipeline Income Fund (EPX) that it does not already own. The unconditional offer price is $1.88 per EPX security plus retention of the declared 3.25 cent distribution for the March 2016 quarter, totaling $122 million. The acquisition provides APA with ownership of a long-term ethane pipeline asset that is strategically important to its core business and offers certainty of value to EPX securityholders. EPX's independent directors unanimously recommend acceptance of the offer, subject to no superior proposal and a positive independent expert's opinion.
Acquisition of tumi announcement presentation (2016 03-04)Arzish Baaquie
Samsonite announced the acquisition of Tumi for $1.8 billion in cash. Tumi is a leading global brand in premium business bags and luggage. The acquisition will create the world's largest travel lifestyle company by combining Samsonite's existing business with Tumi's complementary and premium product portfolio. The transaction is expected to generate significant synergies through efficiencies in operations, sourcing, and distribution. It will enhance Samsonite's expertise in product design and expand its presence in the premium and business travel segments. The deal is subject to shareholder and regulatory approvals and is expected to close in the second half of 2016.
This document contains an earnings presentation by Ingram Micro Inc. for the third quarter of 2015. It provides financial results including net sales, operating income, interest and other expenses, net income, working capital metrics, return on invested capital, gross margin, non-GAAP operating margin, non-GAAP earnings per share, and comparisons to prior quarters. Non-GAAP measures exclude various special items to provide an alternate view of performance. Overall, worldwide net sales decreased 6% year-over-year on a US dollar basis but increased 2% adjusting for foreign exchange impacts.
1. Los ingresos antes de intereses, impuestos, depreciación y amortización disminuyeron significativamente, mientras que los ingresos netos también disminuyeron debido a varios gastos importantes.
2. Los resultados pueden no ser comparables con medidas financieras similares reportadas por otras compañías.
3. Los importes son presentados en dólares estadounidenses a menos que se indique lo contrario.
Greencross reported solid results for the first half of FY2016, with 18% revenue growth and improved profitability and cash flow. Core business performance was strong, with revenue up across all segments. Gross margins increased 240 basis points to 55.6% due to higher vet margins and increased private label sales. Rapid network expansion continued with 28 new stores and clinics added. Robust cash flow generation reduced net debt and leverage ahead of schedule. An interim dividend of 9 cents per share was declared, up 13%.
The proposed merger between Terex Corporation and Konecranes Plc would create a global leader in lifting and material handling solutions through a stock-for-stock exchange. Under the terms, Terex shareholders would receive 0.80 Konecranes shares for each Terex share. The combined company would have annual sales of $10 billion and be well-positioned in key categories. The merger is expected to generate $121 million in annual cost synergies within 3 years of closing, while being accretive to shareholders' earnings in the first full year. The transaction is subject to shareholder and regulatory approvals.
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
2. Disclaimer – Important Notice
The information contained in this Presentation or subsequently provided to the recipient whether orally or in writing by, or on behalf of Qube Holdings Limited (Qube) or any of its directors, officers,
employees, agents, representatives and advisers (the Parties) is provided to the recipient on the terms and conditions set out in this notice.
The information contained in this Presentation has been furnished by the Parties and other sources deemed reliable but no assurance can be given by the Parties as to the accuracy or completeness of
this information.
To the full extent permitted by law:
(a) no representation or warranty (express or implied) is given; and
(b) no responsibility or liability (including in negligence) is accepted,
by the Parties as to the truth, accuracy or completeness of any statement, opinion, forecast, information or other matter (whether express or implied) contained in this Presentation or as to any other matter
concerning them.
To the full extent permitted by law, no responsibility or liability (including in negligence) is accepted by the Parties:
(a) for or in connection with any act or omission, directly or indirectly in reliance upon; and
(b) for any cost, expense, loss or other liability, directly or indirectly, arising from, or in connection with, any omission from or defects in, or any failure to correct any information,
in this Presentation or any other communication (oral or written) about or concerning them.
The delivery of this Presentation does not under any circumstances imply that the affairs or prospects of Qube or any information have been fully or correctly stated in this Presentation or have not
changed since the date at which the information is expressed to be applicable. Except as required by law and the ASX listing rules, no responsibility or liability (including in negligence) is assumed by the
Parties for updating any such information or to inform the recipient of any new information of which the Parties may become aware.
Notwithstanding the above, no condition, warranty or right is excluded if its exclusion would contravene the Competition and Consumer Act 2010 or any other applicable law or cause an exclusion to be
void.
The provision of this Presentation is not and should not be considered as a recommendation in relation to an investment in Qube or that an investment in Qube is a suitable investment for the recipient.
References to ‘underlying’ information is to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued in December 2011.
Non-IFRS financial information has not been subject to audit or review. 2
ABN 141 497 230 53
Forpersonaluseonly
3. 3
H1 – FY 16 Highlights
Financial
Performance
• Delivered solid underlying group earnings in challenging environment
• Continued focus on costs and operating efficiency to mitigate lower volumes and revenue
• Operations continue to deliver strong cashflows
Business
Operations
• Maintained competitive position through innovative, quality logistics solutions
• Organic growth in customer base with no major customer losses
• Further investment to support new contracts
• Completion of new facilities in Fremantle, Vic Dock and Darwin to drive further margin improvement
Growth
Initiatives
• Finalised early lease surrender with market surrender payment and site vacation of tenant at Moorebank.
Creates ability to market existing and new warehousing to target tenants for integrated logistics solution
• New Proposal being progressed to acquire the Patrick Container Terminals in a 50/50 joint venture with
Brookfield consortium. Transaction expected to deliver substantial synergies and earnings accretion to Qube
Challenges
• Operating environment remains challenging, particularly for resources and oil and gas related activities
• Trading and economic conditions not expected to improve in remainder of FY 16
Forpersonaluseonly
4. 4
LTIFR – Lost Time Injury Frequency Rate
Continued to improve
safety record
41% improvement in
LTIFR from FY 15 to
H1 – FY 16
91% improvement in
LTIFR since Qube’s
establishment in 2007
Continued Focus on Safety
21.2
16.8
16.1 16.7
13.5
11.6
6.6
4.6
3.2
1.9
0.0
5.0
10.0
15.0
20.0
25.0
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 H1 - FY 16
LTI LTIFR Qube Holdings
Forpersonaluseonly
5. 5
Financial
Performance
• Achieved underlying earnings growth
• Continued margin growth from operational improvements and prior period investment in facilities
• Lower revenue reflecting declining volumes for existing customer base
Operations
• Continued organic growth in customer base helped offset declining volumes from existing customers
• Consolidation of sites and activities to drive further cost savings
• CRT acquisition integration ahead of expectations
• H2 will benefit from commencement of rail operations for Quattro Grain (from March 2016)
• Continuing to plan and engage with target customers for future Moorebank operations
H1 – FY 16 Highlights
Logistics
Forpersonaluseonly
6. 6
Financial
Performance
• Secured new customers and contracts as a result of innovative logistics solutions that deliver cost
savings to customers (partly offset impact of contract completion / amendments in H2 – FY 15)
• Business improvement plan being finalised to achieve additional cost savings
• Revenue and cost initiatives to benefit from Q4 and increase in FY 17
• Results consistent with previous guidance and challenging environment for resources and oil and gas
related activity
Operations
• Continued strength in vehicle imports and log exports
• Weakness in volumes in some areas for customer base in bulk sector
• Further reduction in activity in oil and gas sector
• Working with customers to re-engineer logistics activities to reduce costs while delivering required
returns
H1 – FY 16 Highlights
Ports & Bulk
Forpersonaluseonly
7. 7
AAT
• Increased earnings due to strong motor vehicle import volumes
• Project cargo and roll on roll off equipment volumes, particularly in Brisbane, continue to be
impacted by the decline in major new projects
NSS
• Pleasing results from Townsville and logistics activities
• Continued reduction in activity levels in Gladstone as LNG related projects end
• Continued focus on maintaining market position and improving margins
Prixcar
• Reduced storage days compared to prior period
• Finalising additional cost reduction initiatives
• Loss of major contract to impact H2 (partly mitigated by new contract wins)
H1 – FY 16 Highlights
Ports & Bulk Associates
Forpersonaluseonly
8. 8
Moorebank
• Achieved favourable outcome from the early lease surrender and site vacation of tenant
• Focus on achieving financial close with MIC and starting development of the broader project
• Expect to receive income from existing warehousing and management fees from MIC funded
infrastructure works from Q4 – FY 16
Quattro
Grain
• Facility commissioned and storage of grain has commenced
• Ship loader expected to be operational from March 2016
• Revenue and earnings expected from Q4 – FY 16
TQ Holdings
• Progressing planning approvals for fuel terminal storage facility at Port Kembla
• M&A activity commenced to establish distribution capacity in target regions to support the terminal
H1 – FY 16 Highlights
Strategic Assets
Forpersonaluseonly
10. 10
Key Financial Outcomes
Statutory Results
H1 - FY 16
($m)
H1 - FY 15
($m)
Change From
Prior
Corresponding
Period (%)
Revenue 689.5 727.0 (5.2%)
EBITDA 135.8 138.6 (2.0%)
EBITA 90.4 93.8 (3.6%)
EBIT 85.9 89.9 (4.4%)
Net Finance Costs (13.9) (13.2) (5.3%)
Share of Profit of Associates 5.2 5.8 (10.3%)
Profit After Tax 55.7 60.3 (7.6%)
Non-Controlling Interest (6.7) (5.6) (19.6%)
Profit After Tax Attributable to Shareholders 49.0 54.7 (10.4%)
Profit After Tax Attributable to Shareholders Pre-Amortisation 52.2 57.4 (9.1%)
Diluted Earnings Per Share (cents) 4.6 5.2 (11.5%)
Diluted Earnings Per Share Pre-Amortisation (cents) 4.9 5.5 (10.9%)
Interim Dividend Per Share (cents) 2.7 2.7 -
EBITDA Margin 19.7% 19.1% 0.6%
EBITA Margin 13.1% 12.9% 0.2%
Forpersonaluseonly
11. 11
Key Financial Outcomes
Underlying Results
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
H1 - FY 16
($m)
H1 - FY 15
($m)
Change From
Prior
Corresponding
Period (%)
Revenue 689.5 715.9 (3.7%)
EBITDA 138.7 129.7 6.9%
EBITA 93.3 84.9 9.9%
EBIT 88.8 81.0 9.6%
Net Finance Costs (12.0) (10.6) (13.2%)
Share of Profit of Associates 5.2 5.8 (10.3%)
Profit After Tax 58.9 55.1 6.9%
Non-Controlling Interest (6.7) (2.0) (235.0%)
Profit After Tax Attributable to Shareholders 52.2 53.1 (1.7%)
Profit After Tax Attributable to Shareholders Pre-Amortisation 55.4 55.8 (0.7%)
Diluted Earnings Per Share (cents) 4.9 5.1 (3.9%)
Diluted Earnings Per Share Pre-Amortisation (cents) 5.2 5.3 (1.9%)
Interim Dividend Per Share (cents) 2.7 2.7 -
EBITDA Margin 20.1% 18.1% 2.0%
EBITA Margin 13.5% 11.9% 1.6%
Forpersonaluseonly
12. 12
Key Financial Outcomes
Segment Breakdown
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
H1 - FY 16
Logistics
($m)
Ports &
Bulk
($m)
Strategic
Assets
($m)
Corporate
and Other
($m)
Total
($m)
H1 - FY 15
($m)
Change
(%)
Statutory
Revenue 313.5 338.8 37.1 0.1 689.5 727.0 (5.2%)
EBITDA 49.2 63.6 31.6 (8.6) 135.8 138.6 (2.0%)
EBITA 33.7 33.8 31.6 (8.7) 90.4 93.8 (3.6%)
EBIT 32.3 30.9 31.4 (8.7) 85.9 89.9 (4.4%)
Underlying
Revenue 313.5 338.8 37.1 0.1 689.5 715.9 (3.7%)
EBITDA 49.2 63.6 31.6 (5.7) 138.7 129.7 6.9%
EBITA 33.7 33.8 31.6 (5.8) 93.3 84.9 9.9%
EBIT 32.3 30.9 31.4 (5.8) 88.8 81.0 9.6%
Forpersonaluseonly
13. 13
Logistics Division
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
H1 - FY 16
($m)
H1 - FY 15
($m)
Underlying Underlying
Revenue 313.5 318.5 (1.6%)
EBITDA 49.2 45.7 7.7%
Depreciation (15.5) (13.5) (14.8%)
EBITA 33.7 32.2 4.7%
Amortisation (1.4) (1.4) -
EBIT 32.3 30.8 4.9%
Share of Profit of Associates - - N/A
EBITDA Margin (%) 15.7% 14.4% 1.3%
EBITA Margin (%) 10.7% 10.1% 0.6%
Change From
Prior
Corresponding
Period (%)
Forpersonaluseonly
14. 14
Ports & Bulk Division
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
H1 - FY 16
($m)
H1 - FY 15
($m)
Underlying Underlying
Revenue 338.8 382.4 (11.4%)
EBITDA 63.6 79.1 (19.6%)
Depreciation (29.8) (31.3) 4.8%
EBITA 33.8 47.8 (29.3%)
Amortisation (2.9) (2.3) (26.1%)
EBIT 30.9 45.5 (32.1%)
Share of Profit of Associates 5.8 5.9 (1.7%)
EBITDA Margin (%) 18.8% 20.7% (1.9%)
EBITA Margin (%) 10.0% 12.5% (2.5%)
Change From
Prior
Corresponding
Period (%)
Forpersonaluseonly
15. 15
Ports & Bulk Division
Associates
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
Qube Share of Profit of Associates
H1 - FY 16
($m)
H1 - FY 15
($m)
Underlying Underlying
AAT 4.5 3.8 18.4%
NSS 1.3 2.0 (35.0%)
Prixcar - 0.1 N/A
Total 5.8 5.9 (1.7%)
Change From
Prior
Corresponding
Period (%)
Forpersonaluseonly
16. 16
Strategic Assets Division
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
H1 - FY 16
($m)
H1 - FY 15
($m)
Underlying Underlying
Revenue 37.1 15.0 147.3%
EBITDA 31.6 11.3 179.6%
Depreciation - - N/A
EBITA 31.6 11.3 179.6%
Amortisation (0.2) (0.2) -
EBIT 31.4 11.1 182.9%
Share of Profit of Associates (0.6) (0.1) (500.0%)
NCI Share of Qube's NPAT (6.7) (2.0) (235.0%)
EBITDA Margin (%) 85.2% 75.3% 9.9%
EBITA Margin (%) 85.2% 75.3% 9.9%
Change From
Prior
Corresponding
Period (%)
Forpersonaluseonly
17. 17
H1 – FY 16
Overview
• Businesses continued to generate strong operating cashflow
• Cash conversion of >100%
Cashflow and Financing
Funding
Capacity
• New $500 million 12 month debt facilities to fund Asciano shareholding – commitment obtained to
refinance into longer term debt upon successful Asciano transaction completion
• At 31 December 2015, Qube had cash and undrawn debt facilities of around $220 million
Capex
• Completed investment in facilities to deliver scale and facilitate site consolidation
• Equipment to support new contracts
• Total capex of around $97 million including maintenance capex of around $32 million
Leverage
• Leverage at 42%, reflecting debt financing of purchase of Asciano shareholding
• Expect leverage to return to target range of 30-40% post transaction completion
Forpersonaluseonly
18. 18
* Dividends paid are net of the dividend reinvestment plan.
Cashflow
518.8
1,053.6
(143.6)
(4.8)
533.7
97.0
12.9 19.1 23.4 (2.9)
0
200
400
600
800
1,000
1,200
Net Debt at
Jun 2015
Operating
Cashflow
Dividends
and
Distributions
Received
Acquisition
of Asciano
Shares
Other Net
Capex
Net Interest
Paid
Tax Paid Dividends
and
Distributions
Paid*
Other Net Debt at
Dec 2015
$m Change in Net Debt for the Six Months Ended 31 December 2015
Forpersonaluseonly
20. 20
Discussions in relation to a New Proposal to acquire Asciano
• Qube, GIP, CPPIB and CIC (the "Qube Consortium"), in conjunction with Brookfield Infrastructure and its partners (the "Brookfield
Consortium"), has commenced discussions regarding a new proposal to acquire Asciano
• Under the indicative terms of the New Proposal being discussed:
₋ Asciano shareholders would receive all cash consideration of $9.28 per share
₋ Asciano able to pay fully-franked dividends to enable franking credits to be distributed to eligible shareholders.
Consideration would be reduced by the amount of any dividends paid
₋ Qube, in 50/50 joint venture with Brookfield Infrastructure and members of the Brookfield Consortium (or entities controlled by
them) would acquire the Patrick Container Terminals business for $2,915 million (Qube's share:
$1,457.5 million)
₋ Brookfield Infrastructure and members of the Brookfield Consortium (or entities controlled by them) would acquire the Bulk &
Automotive Port Services businesses (including the 50% interest in Australian Amalgamated Terminals (“AAT”)) for $925 million
₋ Qube would have the option, subject to ACCC clearance, to acquire or nominate a third party to acquire, the 50%
interest in AAT for $150 million
₋ GIP, CPPIB, CIC and certain members of the Brookfield Consortium other than Brookfield Infrastructure would acquire the Pacific
National rail business
• The discussions remain indicative, preliminary and non-binding and there is no agreement, arrangement or understanding between
the parties at this stage
⁻ the New Proposal is subject to agreement of binding documentation between the parties and with Asciano and to the receipt of
any necessary ASIC relief
⁻ in the event such documentation is not agreed, the Qube Consortium Proposal which was unanimously recommended by the
Asciano board on 16 February 2016 will continue in accordance with the terms of the Bid Implementation Deed
Forpersonaluseonly
21. 21
Benefits of the New Proposal
The New Proposal would represent a common sense outcome that would deliver an attractive result for Qube
and its shareholders
Qube would remain able to realise the substantial benefits associated with a combination and expects the transaction to
remain highly accretive on a pro forma basis
− Patrick Container Terminals joint venture expected to be able to generate synergies consistent with the $30-50 million range
previously identified by Qube, including synergies within Qube’s existing operations
− Additional benefits from the involvement of Brookfield Infrastructure as a new joint venture partner
Reduced complexity, time to implementation and risk of completion
- Structured to address issues raised by the ACCC
- Would remove Qube’s exposure to value risk on the divestment value of the BAPS business
- Would remove Qube’s exposure to the variable size of the Qube equity raising required under the current
Qube Consortium proposal
Qube shareholders would capture all of the benefits expected to accrue from the transaction
Reduced funding requirement for Qube
Ongoing uncertainty for Asciano shareholders would be resolved while delivering an attractive, all cash price
Forpersonaluseonly
22. 22
Overview of the Patrick assets to be acquired by Qube under
the New Proposal
Australia's leading container terminals business
Patrick Container Terminals
To be acquired by Qube and Brookfield Infrastructure in a 50/50 JV
Australia's leading container terminals business
Holds lease concessions for and operates shipping container terminals in the four largest
container ports in Australia:
– Port Botany in Sydney
– East Swanson in Melbourne
– Fisherman Islands in Brisbane
– Fremantle in Perth
Australian Amalgamated Terminals ("AAT")
(50% interest)
Operates port terminals for importing and
exporting motor vehicles and general cargo
All major Australian ports except Fremantle
Currently held in 50/50 JV with Qube
Currently held within Asciano's BAPS
division
To be initially acquired by Brookfield
Qube option to acquire for $150m, subject to
ACCC approval
Forpersonaluseonly
23. 23
Synergies and Long Term Value Creation
Estimated near term synergies and business improvement projects
Additional benefits from
Brookfield as a JV partner
A$30-50m+ p.a. achieved over 2-3 years ++++
Near term synergies
Reduced head-office and divisional
costs, increased purchasing power,
consolidation of facilities and equipment
Lower costs and improved service
through enhanced efficiency of the
logistics interface
Productivity improvements in
maintenance activities
Incremental revenue opportunities
Business improvement projects
Specific business improvement
projects / investments
– crane semi automation
– lashing activities
– Port Botany rail interface
Under the New Proposal, Qube expects that it would be able to realise the substantial benefits associated with a combination
including synergies consistent with the range previously identified by Qube. Benefits would realised both within the joint
venture and within Qube's existing business. Transaction expected to remain highly accretive on a pro forma basis
Expected longer term
value creation
++++
Ability to ensure efficient rail
operations at Port Botany and East
Swanson which will improve the
timing and quantum of potential cost
savings
Significant benefits for Moorebank
and other inland terminal operators
– the transaction is expected to
accelerate the timeframe for
delivery, reduce the risk and
enhance the value of the
Moorebank project
Substantial efficiencies which will
benefit the entire supply chain
One of the world's largest and
most experienced infrastructure
funds
Significant existing footprint of
port operations including
container terminals operations in
California and the UK
Benefits of global relationships
with international shipping lines
Forpersonaluseonly
24. 24
Management Experience and Capability
Qube is a natural owner of the Asciano Patrick terminals business with an unmatched track record in maximising
shareholder value within the Australian ports industry
Qube's management team has extensive experience and knowledge in:
building and maintaining the Patrick terminals businesses
delivering innovative solutions for customers
delivering cost efficiencies at the Patrick terminals businesses
the Australian waterfront industrial relations environment
terminal automation and associated operating systems
improvement in road/rail interface performance
the strategies to retain customers and increase volumes across terminals and logistics activities
Forpersonaluseonly
25. 25
Highlights of Qube Post Transaction
The proposed transaction would create a market leading ports and logistics company
Highly complementary portfolios
– Asciano's national container terminal assets would be combined with Qube's third party logistics operations
– Combination of high quality asset bases
Substantial synergies expected from transaction
– Synergies expected from rationalisation of corporate structure
– Value creation from specific business improvement projects
– Major opportunities for longer term value creation, including through enhancing the Moorebank project
– Additional benefits from the involvement of Brookfield Infrastructure as a new joint venture partner, including from linkages to Brookfield's existing global network of port
operations
Highly respected management team with significant strategic and operational expertise and knowledge of the Patrick assets
– Qube's management team responsible for building and managing the Patrick Container Terminals business prior to the acquisition by Toll
Significantly enhanced scale and market relevance
– Expected to rank well within the ASX100 index
– Gap in current opportunities to invest in sizeable, GDP-linked transport stocks in Australia following the acquisition of Toll and the proposed acquisition of Asciano
Substantial growth opportunities within combined portfolio
– Base business leveraged to a recovery in economic growth
– Significant additional upside from portfolio of growth projects, including Moorebank, the Quattro grain export joint venture and TQ Holdings fuel storage joint venture with
TonenGeneral
Forpersonaluseonly
26. 26
Funding for the Transaction
Funding Structure
• Qube's share of the total transaction funding for the acquisition of the Patrick Container Terminals Business
would be $1,457.5 million
(before transaction costs)
• Qube's funding would be met through a combination of:
- non-recourse debt funding within the new Patrick Container Terminals joint venture;
- additional Qube debt funding; and
- a Qube equity raising, expected to be in the order of $600-$800 million, inclusive of :
- a fully underwritten accelerated entitlement offer; and
- an investment by CPPIB of an amount up to 9.9% of Qube's expanded issued capital (subject to necessary
regulatory approvals)
• If a transaction is agreed, further details of Qube's funding structure will be announced at the point of entry into
binding transaction documentation
Forpersonaluseonly
27. 27
Funding for the Transaction
Other Arrangements
• Subject to ACCC clearance, Qube would acquire from Brookfield Infrastructure the 50% interest in the
AAT joint venture which Qube does not currently own for $150 million
- if Qube does not receive the necessary clearance, it would be able to nominate a third party to acquire
the interest and complete the acquisition within an agreed timeframe
• It is intended that Asciano's 50% interest in the ACFS Port Logistics Pty Limited joint venture ("ACFS"),
currently held within the Patrick Container Terminals Business, would be acquired by Brookfield
Infrastructure
- if Brookfield Infrastructure retains the interest or it is sold to a third party, Qube would receive an
adjustment to the purchase price for the
Patrick Container Terminals Business equal to 50% of the market value of ACFS or the net proceeds
from sale to a third party
• As part of the transaction, Qube would exit its existing Asciano shareholding at the offer price, realising
gross proceeds of around $569 million and
a profit of around $35 million. The sale proceeds would be applied towards reducing Qube’s existing debt
Forpersonaluseonly
28. 28
H1 – FY 16 Summary and Outlook
Progress with
Strategic
Assets
• Key milestone for Moorebank project with agreed lease surrender on favourable terms
• Projects continue to progress in accordance with expectations
• New income streams to commence from Q4 – FY 16
Solid Financial
Performance
• Diversified operations supported solid earnings and cashflow
• Focus on innovative solutions to reduce costs and add value to customers
• Interim dividend maintained at 2.7 cents (fully franked)
New
Proposal for
Asciano
• Discussions with Brookfield consortium to facilitate the acquisition of 100% of Asciano
• If successful, Qube and Brookfield consortium will acquire Patrick Container Terminals in a 50/50
joint venture. Qube will also have an option to acquire the 50% of AAT it does not currently own
• Transaction expected to deliver substantial synergies and earnings accretion to Qube
Otlook
• Focus is on progressing strategic assets development and delivering successful outcome on Asciano
transaction
• Qube’s ability to deliver earnings growth in FY 16 will depend on a range of factors including
new contract wins and volumes from its existing customer base
• Strong competitive position – well placed for long term growth
Outlook
Forpersonaluseonly
30. Appendix 1
Reconciliation of H1 – FY 16
Statutory Results to Underlying Results
30
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
H1 - FY 16
Logistics
($m)
Ports & Bulk
($m)
Strategic
Assets
($m)
Corporate
and Other
($m)
Consolidated
($m)
Net profit / (loss) before income tax 32.5 35.9 30.9 (22.1) 77.2
Share of (profit) / loss of associates - (5.8) 0.6 - (5.2)
Net finance cost (0.2) 0.8 (0.1) 13.4 13.9
Depreciation and amortisation 16.9 32.7 0.2 0.1 49.9
EBITDA 49.2 63.6 31.6 (8.6) 135.8
Asciano Ports Business acquisition related advisor costs - - - 2.8 2.8
Moorebank STI - - - 0.1 0.1
Underlying EBITDA 49.2 63.6 31.6 (5.7) 138.7
Depreciation (15.5) (29.8) - (0.1) (45.4)
Underlying EBITA 33.7 33.8 31.6 (5.8) 93.3
Forpersonaluseonly
31. Appendix 2
Reconciliation of H1 – FY 15
Statutory Results to Underlying Results
31
The underlying information excludes certain non-cash and non-recurring items in order to more accurately reflect the underlying financial performance of Qube. References
to ‘underlying’ information are to non-IFRS financial information prepared in accordance with ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued
in December 2011. Non-IFRS financial information has not been subject to audit or review.
H1 - FY 15
Logistics
($m)
Ports & Bulk
($m)
Strategic
Assets
($m)
Corporate
and Other
($m)
Consolidated
($m)
Net profit / (loss) before income tax 29.0 50.3 18.8 (15.6) 82.5
Share of (profit) / loss of associates - (5.9) 0.1 - (5.8)
Net finance cost 0.1 0.8 3.2 9.1 13.2
Depreciation and amortisation 14.9 33.6 0.2 - 48.7
EBITDA 44.0 78.8 22.3 (6.5) 138.6
Cost of legacy incentive schemes 1.6 0.6 - - 2.2
Fair value gains (net) - - (11.0) - (11.0)
Other adjustments 0.1 (0.3) - 0.1 (0.1)
Underlying EBITDA 45.7 79.1 11.3 (6.4) 129.7
Depreciation (13.5) (31.3) - - (44.8)
Underlying EBITA 32.2 47.8 11.3 (6.4) 84.9
Forpersonaluseonly
32. Appendix 3
Explanation of Underlying Information
• Underlying revenues and expenses are statutory revenues and expenses adjusted to exclude certain
non-cash and non-recurring items such as fair value adjustments on investment properties, cost of
legacy incentive schemes and impairments to reflect core earnings. Income tax expense is based on a
prima-facie 30% tax charge on profit before tax and associates
• References to ‘underlying’ information are to non-IFRS financial information prepared in accordance with
ASIC Regulatory Guide 230 (Disclosing non-IFRS financial information) issued in December 2011.
Non-IFRS financial information has not been subject to audit or review
32
Forpersonaluseonly