Full Year 2011 Results Presentations3-us-west-2.amazonaws.com/brr-streamguys/files/AFS... · •...

Amiad

Full Year 2011 Results Presentation Arik Dayan, CEO Amir Harel, CFO

• Revenue increased by 31% to $117.3m (2010: $89.4m)

• In industrial and municipal segments, sales were especially strong in Australia, China, East Europe, SE Asia and Turkey

• Sales increased significantly in the irrigation segment, especially in US

• Launched eight new products, representing a major expansion of Amiad’s offering and including two that are designed specifically for its new target segments of oil & gas and ballast water

• Adopted Amiad Water Systems Ltd as the Company’s name, reflecting the development and expansion of Amiad’s offering

• Operating under three brands: Amiad, Arkal (by Amiad) and Filtomat (by Amiad)

FY 2011 Summary

Water treatment and filtration solutions

Financial Highlights • Turnover increased to $117.3m (2010: $89.4m)

• Gross margins at 44% (2010: 43%)

• Profit before tax of $8.3m (2010: $3.5m)

• Fully diluted EPS of $0.315 (2010: $0.134)

• Total dividend for the year of $0.104 per share (2010: $0.078)

• Cash and cash equivalents at 31 December 2011 of $11.8m (30 June 2011: $15.0m; 31 December 2010: $11.3m)

Amiad segment sales Revenues Breakdown2011 Amiad

Amiad Future Revenues Breakdown

Irrigation 43%

Industry 44%

Municipal 8.5%

Oil & Gas 1.5%

Ballast Water 3%

Revenues Breakdown2010 Amiad

Municipal 30%

Ballast Water 7.5%

Irrigation 42%

Industry 47%

Oil & Gas 3%

Ballast Water 0.4% Municipal

8%

Oil & Gas 7.5%

Industry 25%

Irrigation 30%

Consolidated Condensed Profit & Loss ($ - in thousands)

Profit & Loss 2011 2010

Revenues 117,276 89,431

Gross Profit 51,179 38,671

% 44% 43%

Operating Profit 8,939 4,258

% 8% 5%

Profit (Loss) before income tax 8,333 3,476

Net Profit 7,040 3,057

% 6% 3%

Consolidated Condensed Balance Sheet

($ - in thousands)

Balance sheet Dec-11 Dec-10

Current assets 89,130 77,553

Non-current assets 31,109 28,044

Current liabilities 51,090 45,528

Non-current liabilities 19,389 14,081

Shareholders equity 49,760 45,988

Consolidated Cash Flow Cash flow ($ - In thousands)

2011 2010

Operating Income (Group) 8,939 4,258

Net cash generated from operating activities 1,865 4,727

Net cash used in investing activities (3,776) (12,222)

Net cash generated from financing activities 2,618 10,121

Effect of exchange rate changes on cash and cash equivalents (152) 92

Net increase in cash and cash equivalents 555 2,718

Cash and cash equivalents at beginning of the period 11,293 8,575

Cash and cash equivalents at end of the period 11,848 11,293

10 litres of water to make one sheet of paper

40 litres of water to make one slice of bread

1,300 litres of water to make 1 kg. of wheat

30,000 litres of water generate one megawatt-hour of electricity

Global Presence

30% Americas 40% EMEA 30% Asia & Oceania

Strategy for Growth • High growth territories

– China, India, SEA, CIS, Brazil, Mexico and Africa

• High growth markets and segment development

– Ballast water for shipping and oil & gas industry

• Strong R&D and innovation

• Ongoing investment in infrastructure to support growth

– IT

– Global supply chain: sell anywhere, deliver from everywhere

Segments 2011-12 - Product Management New products

Municipal Industrial Oil & Gas Ballast Water Irrigation

Super Flow 70 Omega Spider

Super Galaxy

Apollo Quadro

Sigma

ScanJet

New products launched at WATEC Nov 2011

• Growth in revenues to continue across all segments, including irrigation

• Further expansion into new markets, including ballast water, and territories to deliver increased sales

• Gross margins expected to be similar to full year 2011

• Board confident of achieving year-on-year growth

Outlook

Thank you