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SRG GLOBAL LIMITED — AGM Information 2008
Nov 12, 2008
65852_rns_2008-11-12_ea6c73b0-292b-4f03-8d3e-3b6da99dd2d5.pdf
AGM Information
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Welcome to the 2008 Annual General Meeting of Shareholders




Chairman – Neil Kidd
Ab t GCS GAbout Group
- • Es ab s ed 003 as a d e s ed se ce p o de o e tablished in 2003 diversified service provider for the construction and maintenance industries;
- • Grown through bringing together a number of established businesses th t h b d d th f d t d i that have broadened the range of products and services;
- ¾Scaffolding
- ¾Formwork
- ¾Material Hoists
- ¾Temporary site accommodation
- ¾Chemical toilets
- ¾Temporary fencing
- ¾General plant hire
- • E i d t k d f i i t ti i iti d Experience and track record of success in integrating acquisitions and growing profitably.

Introduction to the Board and Secretary
- Neil Kidd Non-Executive Chairman
- Managing Director · Enzo Gullotti
- · Sam Mangione Non-Executive Director
- David Macoboy Non-Executive Director $\bullet$
- Gabriel Chiappini Company Secretary $\bullet$

FY08 a significant year
- Successful IPO and ASX listing; $\bullet$
- Record profit result; $\bullet$
- Exceeded prospectus forecast; $\bullet$
- Entered new markets;
- Broadened products and services; and
- Established platform for future growth. $\bullet$


A h f FY09 Approac for
- • Global financial c isis risis;
- •Changed market conditions;
- • Refined corporate strategy;
- ¾Focus on organic growth opportunities;
- ¾Considered approach to further acquisitions.








M i Di ' P i Managi ng Director's PresentationEnzo Gullotti
FY08– At f s rong performance
- •NPAT $9.8 million (up 99%);
- •Group revenue $69.05 million (up 104%);
- •Earnings per share 16 cents;
- •Final year dividend of 4.00 cents per share, fully franked;
- •Total year dividend of 7.25 cents per share, fully franked;
- •Dividend yield of 8.06%;
- •Earnings yield of 16.60%;
- •12.6 x interest cover; and
- •Ratio of debt to debt plus equity is 21%.

Excellent Progress of Growth Strategy
GCS has e panded its xpanded geographic footprint
- •GCS Northwest
- • Coastal Hire in the South West
GCS now has operations throughout the South West, Northern WA and across the Perth metropolitan area area.

E i f dt d i Expansion o f pro ducts and services
- •Successful integration of acquisitions into GCS Group;
- • Newave and Blueline concrete contractors p y gy rovides added s ynergy with CASC Constructions in the commercial sector;
- • GCS Hire offers a comprehensive range of general plant hire. The product range includes scissor lifts, boom lifts, lighting towers, mini excavators, bobcats, light compaction equipment, generators and welders; and
- • Temporary fencing - meeting demands in the North West, the Perth metropolitan area and the South West West.

Y t dtear to date

- •GCS h i d i i di di i i ll has experienced positive trading conditions in all segments;
- •Major contracts have been secured in North West of WA;
- •Introduction of the new GCS Hire business; and
- • All businesses are currently on track to perform in line with expectations in this financial year year.

Global turmoil

- •Dramatic impact on financial markets;
- •Expected impact on WA Economy – but extent unknown;
- • Likely impact on major new resource and commercial projects, possibly some delayed starts; and
- •Restriction in capital market options.

H GCS h b ff t d How has been affece
- •Global financial crisis slow to reach GCS markets;
- • At this point in time GCS has not been affected and is not expecting any material impact to its results in FY09; to in
- • Commercial and industrial market slow down will affect future project starts - current demand for housing p and commercial s pace remains high due to WA population growth; and
- • Residential market showing some signs of easing however GCS is actively working on increasing its market share share.

GCS t d h d GCS corpora te response an d year a hea
- •Reconfirmed strategy in response to current market conditions;
- • Short term increased focus on organic growth opportunities in response to restricted access to equity market funding;
- •Concentrating on consolidating and integrating acquisitions;
- • M i i i i d l b fi Maximising synergies an d scale benefits;
- •Ongoing focus on cost efficiencies; and
- •Continuing to explore and review acquisition opportunities.

GCS' d i l iti GCS's enduring value proposition
- • St iti i th WA k t Strong position in the WA mar et;
- •Broad geographic footprint, products and services;
- •Diverse revenue streams; and
- •Significant percentage of contracted revenue "locked in".

Summary

- •Continued good operating conditions in the short to medium term;
- •Trading on target for year to date;
- •Recognition of changed world market conditions;
- • Focus on orgg , g anic growth, driving further scale benefits and synergies; and
- •Committed to further acquisitive growth.





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