Silver Chef at Microequities 2010 Rising Stars Microcap Conference

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www.microequities.com.au

2010 RISING STARS MICROCAP CONFERENCE

Thursday 10 of June 2010 / Level 4 Room 1/ SYDNEY HILTON (488 George St, NSW 2000)

MORNING SESSION

9:00-9:50 h. SILVER CHEF (ASX SIV) Allan English (CEO)

Charles Gregory (COO)

9:50-10:30 h. KONEKT LIMITED (ASX KKT) Serhat Oguz (CEO)

10:30-11:00 h MORNING COFFEE BREAK

11:00-11:40 h CLOVER CORPORATION (ASX CLV) Dr. Ian Brown (CEO)

11:40-12:20 h BIGAIR LIMITED (ASX BGL) Jason Ashton (Co-CEO)

12:20-13:30 h LUNCH BUFFET

AFTERNOON SESSION13:30-14:10 h. CASH CONVERTERS INTERNATIONAL

(ASX CCV)

Ralph Groom (CFO)

14:10-14:50 h. MANACCOM CORPORATION (ASX MNL) Mike Veverka (CEO)

14:50-15:20 h AFTERNOON COFEE BREAK

15:20-16:00 h PATTIES FOODS LTD (ASX PFL) Greg Bourke (CEO)

16:00-16:40 h

.XRF SCIENTIFIC LIMITED (ASX XRF) Terry Sweet (CEO)

AGENDA


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Microequities is a specialised Microcap asset manager. Established in 2005 as an independentinvestment research house devoted to Microcaps. Microequities expanded into fundsmanagement in early 2009 by launching our flagship Deep Value Microcap Fund.

Why us? Microequities' investment managers and analysts operate uniquely within the Microcapasset class. This asset class offers investors access to Australian companies with an attractivegrowth profile. However, it also necessitates a systematic and process driven research approachto investing. We are uniquely positioned within the Microcap asset class and posses research

capabilities, deep knowledge and experience within the Microcap space. Our value-growthapproach, coupled with a long term investment strategy, provides us with an investment ethosthat is particularly well suited to Microcap investing.

The Deep Value Microcap Fund: Launched in March 2009, is a high conviction, value growthFund that seeks to identify and invest in growing, profitable undervalued companies. The Funddoes not have a broad based approach to investment. It maintains concentrated holdings in whatwe consider the most compelling companies within the Microcap asset class with the mostattractive risk/reward metrics. The fund has returned 83% since inception (net of fees) comparedto 43.12% for the All Ords Index.

Carlos Gil (CIO) /[email protected]/ +61 2 9231 6169

Fortbridge Consulting is a media and investor relations firm representing publicly listedcompanies. Fortbridge works with their clients to build corporate reputation and promote value.

Fortbridge investor communications programs target a range of stakeholders, includingshareholders, institutional investors and funds, as well as the financial media, in the markets in

which their clients operate.

With access to up-to-date research and investor contact information for financial centers aroundthe world, Fortbridge is able to research and maintain meaningful sector specific investor lists fortheir clients. Using this information, Fortbridge target relevant institutional investors and funds toengage their support for their clients IPOs, institutional placements, capital raisings, SPPs oron-market trades.

Fortbridge consultants in Sydney, Perth, London Toronto and Santiago have a track-record inworking with clients to build shareholders value and to grow business; to communicate the valueof new developments and to manage significant issues that impact reputation.

Bill Kemmery (Managing Director) /[email protected]/ +61 2 9331 0655

EVENT ORGANISER

EVENT SPONSOR

2010 RISING STARS MICROCAP CONFERENCE

PROFILES
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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2010Rising Stars

Microcap Conference

SILVERCHEFASXSIV

Presente yAllanEnglish(MD)andCharlesGregory(CEOJuly2010)

SYDNEY HILTON, 10 of June 2010

Overview OurSuccessStor

OurBusiness

OurOffer

About

Us

Investor&FinancialResults

Outlook

Summary


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SilverChef auniqueapproachtoequipmentfinance

24yearsofsuccessfuloperations

Overview Our Business

Founded24yearsagobyManagingDirectorAllan

English

Conveyorovensforhomedeliverypizza

a eo equ pment str ut on us nessto ocuson

rentalbusiness

Developed RentTryBuy


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Overview Our Business

BasedinBrisbane,nationaloperations

70employees

CustomersthroughoutAustralia

$100million

assets

under

management

Marketcapitalisation$50million

OurOffer TheRentTryBuySolution 12monthrentalagreement

Itkeepsthecustomersoptionsopen

Canpurchase

the

equipment

at

any

time

during

the

first12monthsandreceivea75%rentalrebate

Returntheequipmentatendoftermifnotrequired

Continuetorent andthepurchasepricekeepsgettinglower

Weeklypayments 13weeksecuritybond


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Successfulexpansion

Initiallyonebrand SilverChef

Nowtwobrands SilverChef&GoGetta

SilverChef leaderinhospitalityequipmentfunding

GoGetta broader

range

of

commercial

equipment

Australiawidedealerandvendornetwork

2brands=diversityandbusinessgrowth

bout Us Industr reco nition

RestaurantandCateringAwardsQueensland

BestEquipment

Supplies

and

Commercial

Design

Supplier

FinalistintheNationalMarketingInstituteawards

na st nt e reat aceto or nst tuteawards

90%staffvotedthatSilverChefisagreatplacetowork


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AllanEnglish

FounderandManagingDirector

for24years

MovingtononexecutiveChairman

roleJuly1,2010

Maintainingshareholding

CharlesGregory

July2008

2

year

succession

plan PromotiontoCEOroleeffective

July1,2010

Extens veexper ence nmanagement, ea ers panddrivingcompanygrowth

12yearswithleadingASXlistedtravelgroupFlightCentre


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Investor&Financial

RESULTS

Investor Results

1 and 13.4 million shares MARKET CAPITALISATION

2005= $13.4million

$2.20and21.2millionsharesMARKETCAPITALISATION

2010= $46.8million

Over20%CAGRinEPSsince2005

57cpaidindividendssince2005

8%DivYield(fullyfranked)

ROE27.8%


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Investor MidYearResults

MidYearEPSonexpandedcapitalbaseupfrom

4.9centsto17.8cents

Interimfullyfrankeddividenddoubledto

UpdatedEPSGuidanceto28c

CurrentPE7.8

Financials MidYearResults

Rentalincomeup45%to$23.3m

NetProfitBeforeTax$4.2mupfrom$1.1m

Operatingcashflowupfrom$9.7mto$16.7m


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EBITDA($000)

10,000

15,000

20,000

25,000

2nd half

Is tHalf

H1FY2010 up52.8%to$16.0m

5,000

2006 2007 2008 2009 2010

NPAT ($000)

1,000

1,500

2,000

2,5003,000

3,500

4,000

2nd half

Is tHalf

H1 up288%onpcpto$3.2m

500

2006 2007 2008 2009 2010


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EarningsPerShare(cps)

10.0

15.0

20.0

25.0

30.0

YearEnd

Half year

guidance 28cpsforFY2010

2006 2007 2008 2009 F2010

.

FinancialsH12010netoperatingcashflow($000)

15,000

20,000

25,000

2nd h a l f

5,000

10,000

2006 2007 2008 2009 2010

Is tHa l

H12010 up73%onpcpto$16.7m


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InsideOurBusiness

Funding,OurPeople,OurCustomers,

RiskManagement,

&StrategicPlanning

Funding

CurrentfacilitieswithBankWestuntilJuly2011

Bankdiscussionsunderway

Debentures,andfurthercapitalraisingbeing

considered

SuccessfulcapitalraisingprogramduringH1FY2010

.

$4million1for4rightsissue(50%oversubscribed)

$40mperyearisgeneratedfromthebusinessto

fundnewrentalassets


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BusinessDrivers OurPeople

, , , ,

integrityandcommunication

Investinginourpeople SilverChefTraining

Academy

AlignmenttocompanygoalsandIncentiveBased

AnnualTeamLeaderconference Vision,BHAG,

Personal&ProfessionalDevelopment

Highperformanceteamfocusedonexecutionof

ourstrategicplan

OurPeople ExperiencedBoard

FromJuly1,2010AllanEnglish asNonExecutiveChairman

Rolereflectscontinuinghighlevelinvolvement

CurrentChairmanAndrewKemp anonexecutive

1,2010

BedeKing nonexecutivedirector

DonMackenzie alternatedirector,AuditandRiskManagementCommitteeChairman


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BusinessDrivers OurPeople

TakingeverythingintoaccountIwouldsaythisisa

greatplacetowork 90%Yes

Managementiscompetentatrunningthe

business 100%Yes

Managementhas

aclear

view

of

where

the

organisationisgoingandhowtogetthere

94%Yes

ImproudtotellothersIworkhere90%Yes

OurCustomers


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Customernetwork

Harry ourprofileclient!

Engagingwithourcustomers

Newbusiness&businessretentionstrategies

Si nificantmarketin initiativetosoonbe

announced

RiskManagement Credit&Asset

Weeklycustomerpayments

Securitybond

lodged

by

customers

7,560clientswiththelargestbeing


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RiskManagement Credit&Assetcont..

Wefinancethecornerstoneassetsinthebusiness

95%ofassetsareearningincome

Silver Chef

silverchefRemarketingProcess

equipmentService Facility

sset eane

& Serviced

Target FY 201080% sold within

60 days of receipt

Dealer

SalesRental

Web

Sales

Online

Auction


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GoGettaRemarketingProcess

within 90 Days

Purchase for StockNew Client

Sale or New Rental Contractwith GoGetta

StrategicPlanning&Execution


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Outlook

FY2010EPSgu anceupgra e to

28cpsfrom26cps

CompoundaverageEPSgrowthrateof23.1%since

2005ASXlisting

1HFY2010NetAssetsat$23.1million

Liverental

contracts

up

from

6,500

to

7,560

in

1H

Strongcontractrenewals

Recurringincomestreamsmaintained

Summary

Growthbusinesswithsolidfoundation

Wellmanagedbusiness particularlythe

riskaspects

Goodfutureprospects


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DisclaimerSilverChefLimitedhasnotconsideredthefinancialpositionorneedsoftherecipientin

. ,bankmanager,solicitor,attorney,accountantorotherindependentfinancialorlegaladvisors. ThispresentationincludescertainforwardlookingstatementswhicharenothistoricalfactsbutratherarebasedonSilverChefscurrentexpectations,estimatesandprojectionsabouttheindustryinwhichSilverChefoperates,andbeliefsandassumptionsregardingSilverChefsfutureperformance. Wordssuchasanticipates,expects,intends,plans,believes,seeks,estimatesandsimilarexpressionsareintendedtoidentifyforwardlookingstatements.Thesestatementsarenotguaranteesoffutureperformanceandaresubjecttoknownandunknownrisks,uncertaintiesandotherfactors,someofwhicharebeyondthecontrolofSilverChef,aredifficulttopredictandcouldcauseactualresultstodiffermateriallyfromthose

.

shareholdersand

prospective

shareholders

not

to

place

undue

reliance

on

these

forwardlookingstatements,whichreflecttheviewofSilverChefonlyasofthedateofthispresentation. Theforwardlookingstatementsmadeinthispresentation relateonlytoeventsasofthedateonwhichthestatementsaremade.SilverChefwillnotundertakeanyobligationtoreleasepubliclyanyrevisionsorupdatestotheseforwardlookingstatementstoreflectevents,circumstancesorunanticipatedeventsoccurringafterthedateofthispresentationexceptasrequiredbylaworbyanyappropriateregulatoryauthority.

Thankyou

Anyquestions?

Documents

Silver Chef at Microequities 2010 Rising Stars Microcap Conference