CTI LOGISTICS LIMITED — AGM Information 2012

Nov 27, 2012

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ABN 69 008 778 925 1 Drummond Place West Perth WA 6005 Postal Address PO Box 400 West Perth Western Australia 6872 Telephone (08) 9422 1100 Facsimile (08) 9227 8000 Email corporate@ctilogistics.com Web www.ctilogistics.com

28 November 2012

The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Please see presentation and results of resolutions put to shareholders at the Company’s Annual General Meeting held on 27 November 2012. All resolutions were passed on a show of hands.

Yours faithfully

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DAVID MELLOR COMPANY SECRETARY

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Annual General Meeting 27 November 2012

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Chairman’s welcome David Watson

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Joint Managing Director’s presentation Bruce Saxild

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FY2012 Highlights

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Revenue up by
EBITDA up by 20.6% NPAT up by 18.2%
33.5%
Acquired Action
Couriers, one of the
Earnings Per share Dividends per share
largest independent
up by 18.2% up by 30%
courier companies
in Perth
Commenced
Increased Increased
construction of the
warehousing hardstand storage
new 54,000 [2] m
capacity by capacity by
logistics facility at
13,350 [2] m 64,000 [2] m
Hazelmere, Perth
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Four hectare site at
Hazelmere
purchased in 2010 for
$7.9 million
Stage 1 development
for completion by Jan
2013
Provides increased
capacity in a rapidly
expanding and
strategically
important area of
Perth
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Update on Hazelmere

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Expanding operations

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Significant coverage
of Perth metropolitan
area
Expansion supported
by strategic
acquisitions and
organic growth
Specialised facilities
allow for the business
to support a diverse
range of logistical
needs
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Key Financials

• FY2012 - $96,751,645 * Revenue • FY2011 - $72,499,159 • FY2012 - $15,243,342 EBITDA • FY2011 - $12,643,664 • FY2012 - $7,332,490 NPAT • FY2011 - $6,204,964

Up 33.5% Up 20.6% Up 18.2%

• Includes revenue of $7,941,569 for Action Couriers – purchased August 2011

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Key Financials

EPS

• FY2012 - 12.41 cents

• **FY2011 - 10.50 cents ***

Up 18.2%

DPS

• FY2012 - 6.5 cents

• **FY2011 - 5.0 cents ***

Up 30%

NTA

• FY2012 – $33.4 million

• FY2011 – $32.0 million

Up 4.4%

• Adjusted for the bonus issue June 2012

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Financials

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Profit

Revenue

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$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
$0
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	2009	2010	2011	2012
Revenue	$50,454,640	$60,726,513	$72,499,159	$96,751,645 *

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2009
2010
2011
2012
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$17,500,000
$15,000,000
$12,500,000
$10,000,000
$7,500,000
$5,000,000
$2,500,000
$0
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	2009	2010	2011	2012
PAT	$4,166,998	$4,730,893	$6,204,964	$7,332,490
PBT	$5,878,123	$6,656,077	$8,824,758	$10,787,232
EBITDA	$8,724,824	$9,784,315	$12,643,664	$15,243,342

• Includes revenue of $7,941,569 for Action Couriers – purchased August 2011

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Financials

Net cash inflow

EPS and DPS

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2009
2010
2011
2012
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$8,000,000
$7,000,000 $0.1400
$6,000,000
$0.1200
$5,000,000
$0.1000
$4,000,000
$3,000,000 $0.0800
$2,000,000
$0.0600
$1,000,000
$0.0400
$0
2009 2010 $0.0200
2011
2012
$0.0000
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						2009	2010	2011	2012
	2009	2010	2011	2012
					DPS	$0.0416 *	$0.0416 *	$0.0500 *	$0.0650
Net cash inflow from operating activities	5,879,387	6,783,011	7,210,116	7,265,822
					EPS	$0.0705 *	$0.0801 *	$0.1050 *	$0.1241

• Adjusted for bonus issues

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Financials by Segment

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2011

2012

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Other 15%
($10.5m)
Property 1%
($0.7m)
Logistics
19%
($13.8m) Transport
65%
($46.8m)
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Revenue
Up 33.5%
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Other 10%
Property 1%
($9.8m)
($0.8m)
Logistics 25%
($24m)
Transport
64%
($61.5m)
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Net profit after tax
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Other 4%
Property 3% ($0.5m)

($0.4m)
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Other 11%
Property 2% ($1.0m)
($0.2m)
Logistics 17%
($1.5m)
Transport 70%
($6.3m)
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Up 18.2%
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• Adjusted for elimination of inter-segment profit

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Strategy

Develop CTI’s minerals and energy division by aggressively targeting key contractors to the major projects in WA

Fine tune and increase CTI’s parcel distribution foot print using technology and route planning efficiencies to take advantage of online sales growth Ramp up CTI’s heavy haulage and specialist vehicle service types

Target national and international supply chain logistics opportunities to leverage off CTI’s suite of services and expertise

Target suitable acquisitions that are compatible with CTI’s integrated transport, supply chain logistics and security business model

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Outlook

FY2013 Initiatives

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Commission and make
Target completion date
profitable the new Hazelmere
January 2013
distribution centre
Improve back room
Commission a new security
efficiencies to allow for
software platform
growth
Become a leading provider of
Further develop CTI’s parcel
distribution services for online
distribution foot print
sales
Target and secure at least
EPS accretive
one strategic acquisition
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Formal Meeting Ordinary Business

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Financial Report

To receive and consider the Financial Statements and reports of the directors and of the auditors for the year ended 30 June 2012.

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Item 1

Remuneration Report

To adopt the Company’s Remuneration Report for the year ended 30 June 2012.

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Item 1

Remuneration Report – Proxy Votes

Proxies For 4,440,924 Against 50,700 Abstained At Proxy’s Discretion 16,876

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Item 2

Re-election of directors

That Mr David Mellor, who retires by rotation in accordance with the Company’s Constitution and, being eligible, offers himself for re-election, be reelected as a director of the Company.

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Item 2

Re-election of directors – Proxy Votes

Proxies For 4,477,224 Against 7,200 Abstained 7,200 At Proxy’s Discretion 16,876

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Item 3

Re-election of directors

That Mr Peter Leonhardt, who retires by rotation in accordance with the Company’s Constitution and, being eligible, offers himself for re-election, be re-elected as a director of the Company.

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Item 3

Re-election of directors – Proxy Votes

Proxies For 4,484,424 Against Abstained 7,200 At Proxy’s Discretion 16,876

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Formal Meeting Special Business

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Item 4

Approval of a new Dividend Reinvestment Plan and Bonus Plan That the Company adopt a new Dividend Reinvestment Plan and Bonus Share Plan.

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Item 4

Approval of new Dividend Reinvestment Plan and Bonus Share Plan – Proxy Votes

Proxies For 4,424,124 Against 43,500 Abstained 24,000 At Proxy’s Discretion 16,876