Embed Size (px)
DESCRIPTION
XRF SCIENTIFIC LIMITED (ASX:XRF)Presented byTerry Sweet (Managing Director)
Citation preview
2
Mi
201
icro
0 R
equ
Risin
uitie
ng St
es C
tars
Conf
s
fereencee
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 SESSION
13:30-14:10 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
Microequities is a specialised Microcap asset manager. Established in 2005 as an independent investment research house devoted to Microcaps. Microequities expanded into funds management in early 2009 by launching our flagship Deep Value Microcap Fund. Why us? Microequities' investment managers and analysts operate uniquely within the Microcap asset class. This asset class offers investors access to Australian companies with an attractive growth profile. However, it also necessitates a systematic and process driven research approach to investing. We are uniquely positioned within the Microcap asset class and posses research capabilities, deep knowledge and experience within the Microcap space. Our value-growth approach, coupled with a long term investment strategy, provides us with an investment ethos that is particularly well suited to Microcap investing. The Deep Value Microcap Fund: Launched in March 2009, is a high conviction, value growth Fund that seeks to identify and invest in growing, profitable undervalued companies. The Fund does not have a broad based approach to investment. It maintains concentrated holdings in what we consider the most compelling companies within the Microcap asset class with the most attractive risk/reward metrics. The fund has returned 83% since inception (net of fees) compared to 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 listed companies. Fortbridge works with their clients to build corporate reputation and promote value. Fortbridge investor communications programs target a range of stakeholders, including shareholders, 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 around the world, Fortbridge is able to research and maintain meaningful sector specific investor lists for their clients. Using this information, Fortbridge target relevant institutional investors and funds to engage their support for their clients’ IPOs, institutional placements, capital raisings, SPPs or on-market trades. Fortbridge consultants in Sydney, Perth, London Toronto and Santiago have a track-record in working with clients to build shareholders value and to grow business; to communicate the value of 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
2010 Rising StarsMicrocap Conference
XRF SCIENTIFIC LIMITEDASX‐XRFPresented byTerry Sweet (Managing Director)
SYDNEY HILTON, 10 of June 2010
• XRF is a leading Australian supplier of products and services which facilitate the analysis of minerals and materials
Introduction
which facilitate the analysis of minerals and materials
• XRF manufacturers and markets specialized equipment, consumables and technical support services
• XRF primarily services the resources and analytical industries – domestically and worldwide through our distributor y gnetwork
The Vital Link inMining and Industrial Analysis
Every sample, every stockpile and every transported tonne ofmaterials is analysed before it leaves our shores.
Exploration Mining Stock & Blend Rail Ship
XRF Scientific’s range of products, equipment and services are utilisedevery step of the way. We are essential to mining and other industriesdependent upon analysis.
Consumables
XRF Scientific Products
• Fusion fluxes with at least 50% Australian market share
• Platinum labware with at least 65% Australian market share
• Regular supply of consumable products offer unique opportunity to secure future sales of both consumables and pp yhigh value capital equipment to customers
Capital Equipment
XRF Scientific Products
• Full range of fusion machine configurations from basic manual operation through to full fledged high throughput robotic systems using both electric and gas technologies.
• Dominant supplier of gas fusion technology in Australia and worldwide.
• Dominant supplier of electric fusion technology in Australia and now have exclusive worldwide supply agreement to PANalytical of latest generation cold to cold electric fusion machines.
• Well recognised and respected brands
Market Position
• Well‐established market base
• Specialised patented technologies
• Highly qualified management team
• Strong presence in Australia; facilities in Perth and Melbourne
• Strategic alliance with PANalytical
• Global network of distributors
• Specialised markets: mining, cement, steel, paper,
Our Customers
plastics, glass and ceramics
• Multinational blue‐chip customers in the resources sector: BHP Billiton, Rio Tinto, Iluka, Xstrata and Alcoa
• Major commercial laboratories and scientific i CSIROenterprises: CSIRO
Consolidated P&L FY07($000)
FY08($000)
FY09($000)
Dec 09 ($000)
Earnings
($ ) ($ ) ($ ) ($ )
Sales Revenue 12,582 14,706 16,807 6,586
EBIT (normalised) 398 1,379 2,111 393
EBIT/Sales 3.2% 9.4% 12.6% 6.0%
NPAT 395 921 1,950 186
EPS 0.4 cents 1.0 cents 2.1 cents 0.2 cents
DPS nil 0.5 cents 0.75 cents n/a
Consolidated Balance Sheet 31 Dec 09($000)
Balance Sheet
Cash 4,451
Total Assets 16,598
Total Liabilities* 1,972
Net Assets 14,626
NTA per share 9.4 cents
Net Cash per share 4.9 cents
* Trade liabilities only – No Debt
• Even with full impact of GST, still profitable and cash flow +ve
FY10 Outlook and Beyond
• Evidence that GFC induced downward trend has reversed
• Sales of consumables have reverted to normal
• Enquiries for capital equipment are stronger
• Mining groups shipping increasing tonnages
• Base metals prices e.g. nickel, again buoyant
• PANalytical sales gaining traction
Investment Case
• Profitable and cash flow positive
• Well established in niche marketplace
• Multinational blue‐chip customer base
• Patented proprietary technologies
• Majority of revenues from repeat business
• Strong balance sheet cash reserves of $4 5m no debt• Strong balance sheet, cash reserves of $4.5m, no debt
• Significant growth opportunities – market growth, cross selling
(incl. international) and active pursuit of M&A targets
Capital Structure
Shares on Issue 91.6m
Current Share Price $0.16
Market Capitalisation $14.7m
Unlisted Options (ex 16‐20c, exp 2010) 9.3m
Directors 23.8%%
Top 20 54.7%
Share Price
Contact Details
XRF Scientific LimitedXRF Scientific LimitedTerry Sweet(08) 9244 [email protected]
K S Capital Pty LimitedGreg Wood(02) 9295 [email protected]
Disclaimer
This document has been prepared by XRF Scientific Limited (“XRF” or “Company”)) in conjunction with its corporateThis document has been prepared by XRF Scientific Limited ( XRF or Company )) in conjunction with its corporateadviser K S Capital Pty Ltd to provide an overview of XRF.
Any statements, opinions, projections, forecasts or other material contained in this document do not constitute anycommitments, representations or warranties by XRF or K S Capital Pty Ltd or its directors, agents and employees. Exceptas required by law, and only to the extent so required, directors, agents and employees of XRF or K S Capital Pty Ltd shallin no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever naturearising in any way out of, or in connection with the information contained in the document.
This document includes certain statements, opinions, projections, forecasts and other material, which reflect variousassumptions. The assumptions may or may not prove to be correct. Recipients of the document must make their ownindependent investigations, consideration and evaluation of the Company before any investment decision is made. By
h d h h f d f h h daccepting this document the recipient agrees that if it proceeds further with its investigations, consideration orevaluation of the opportunity to invest in the Company it shall make and rely solely upon its own investigations andinquiries and will not in any way rely upon the document.
