Investor Presentation February 2016
|
|
- Audra Bishop
- 5 years ago
- Views:
Transcription
1 Investor Presentation February 2016 George Rossolatos, CEO Avante Logixx Inc. TSXV: XX OTC:ALXXF
2 FORWARD LOOKING INFORMATION This presentation may contain "forward-looking statements" within the meaning of applicable securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avante Logixx Inc. ( Avante ) to be materially different from those expressed or implied by such forward-looking statements. Although Avante has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Avante does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. DISCLAIMER This presentation is for information purposes only and is not intended to, and should not be construed to constitute, an offer to sell or the solicitation of an offer to buy, Avante s securities. This presentation and its contents should not be construed, under any circumstances, as investment, tax or legal advice. Any person viewing or accepting delivery of this presentation acknowledges the need to conduct their own thorough investigation into Avante s business and its activities before considering any investment in Avante s securities. Among other things, investors should review Avante s public filings which are available in Canada at 2
3 AVANTE LOGIXX OVERVIEW Avante Logixx Inc. ( Avante ), is a premium residential and commercial security provider and automation services integrator Headquartered in Toronto with 120 employees Investment Highlights Profitable business with strong organic growth and acquisition pipeline Attractive recurring revenue model with negative working capital dynamics Large and fragmented commercial and residential security market with significant synergy opportunities Strong balance sheet with minimal debt, high cash conversion & minimal CAPEX requirements Highly successful and knowledgeable management team with significant operational and acquisition execution experience 3
4 HISTORY & CORPORATE OVERVIEW Today Avante Security Inc. Avante Logixx Inc. Avante Logixx Inc. INTO Electronics Inc. LVS Inc. Founded by Manny Mounouchos (Current Director) Company vision focused on developing its own technology to distinguish itself from its competition Began as ultrapremium security only and expanded its offerings and services to a broader target market Lists on the TSX Venture Exchange via a reverse takeover under the ticker XX Focused on consolidating the fragmented higher end security, fire and lock space in residential and commercial applications in Canada and USA Revenue CAGR of ~13% from March 2008 to 2014 Becomes cash flow positive in June, 2012 Completes $5 million bought deal in March 2014 for the purpose of seeking acquisitions Acquired in August 2014 Founded in 1991, provides consulting in automation services and security solutions for the high-end residential market as well as the commercial and high-rise condo segments Acquired in April 2015 Founded in 1993, provides security systems to residential and commercial markets also includes home automation and locksmith services 4
5 SENIOR MANAGEMENT TEAM George Rossolatos CEO, Avante Logixx Inc. Rodney Wechsler President INTO-Electronics Inc. Yoram Dushek President, Avante / LVS Raghu Sampath CFO, Avante Logixx Inc. Jonathan Harris General Manager, ASI Joined Avante Logixx in mid 2010; Responsible for the strategic direction and execution of the business plan Revenue tripled since joining and turned from cash burn to profitability Former partner and co-founder of private equity fund TorQuest Partners Between , helped raise and invest two funds of $180MM and $550MM, respectively Overall IRR from exited investments was in excess of 60% Previously worked as an investment professional at Harrowston Inc., a publicly traded private equity fund, and in a management role with Ernst & Young LLP Recognized in 2007 as one of Canada s Top 40 under 40 CPA/CA (Ontario); MBA from the Kellogg School of Management (Marketing) at Northwestern University Involved in automation services and the security industry for over 20 years Founded INTO Electronics in 1991, initially focusing on automation and later branching out into security systems Educational background in Electrical Engineering from Technion, Cape Town, South Africa Graduated in electronic engineering from the Army Academy in Israel in 1975 and served in the Israeli Air Force till 1982 Worked for Hashmira, Israel s largest security company as Project Manager until 1990, handling several large projects in and outside of Israel Relocated to Canada in 1990 and worked for the National Guardian until 1993 when he founded LVS Since 1993, has grown LVS by focusing on security and home automation Experienced finance professional with over 15 years in diverse service industries, including staffing, oilfield services and public accounting Formerly, VP Finance at Randstad Canada, Corporate Controller at MB Group (Hungary and Oman), and Audit Senior at KPMG Oman M. Acct. from Virginia Tech; and CA designation from India Graduated in electronics from South Africa, specializing in television and wireless technology; qualified himself further in the fields of marketing and sales Worked as Sales Manager for an importer of high-quality CCTV systems, communications equipment and home electronics until he immigrated to Canada with his family Worked for Burtek Systems - one of the largest distributors of security products in Canada, as itstoronto Branch Mgr. 5
6 BOARD OF DIRECTORS In addition to George Rossolatos, the Board comprises of: Leland Verner Chair of the Board President of Illyria Inc., an independent firm since 1982 Previously Chairman & CEO of Invesprint Corporation and Chairman of Vincor International Inc. Graduate in Business from Ryerson University Manny Mounouchos Director Wesley De Shane Director & Chair of Audit Committee Bruce Bronfman, Director & Chair of Governance Committee Joseph Leeder Director & Chair of Compensation Committee Involved in the security industry for over 20 years Founded Avante in 1996 with a vision to apply technology to distinguish Avante from its competition Developed the first prototype SmartBoxx over 10 years ago Educational background in electronics from Ryerson A finance executive with experience in treasury, international tax planning, controllership, acquisitions and investor relations Previously, Chief Financial Officer of Invesprint Corporation, ZENON Environmental Inc., Canada Malting Co. Ltd. and Emco Limited, all Toronto Stock Exchange listed companies Graduate of the University of Western Ontario and a Chartered Accountant from the Ontario Institute of Chartered Accountants President of Mida Investments Ltd., a private investment and consulting company Previously, a consultant to Bayfield Realty Advisors; also was Co-Founder and Director of Rosedale Health Previously, a director / officer of several public companies such as Edper Group Limited, Brascan Limited, Hees International Bancorp Inc., Carena Developments Limited The current National Treasurer of the Canadian Associates of Ben-Gurion University of the Negev A finance executive, with extensive background in the areas of mergers, acquisitions, financings and financial consulting Previously, CEO and CFO of Envoy Capital Group Inc. and a Partner of the financial advisory services group at KPMG A commerce graduate of Concordia University and a Chartered Accountant from the Ontario Institute of Chartered Accountants 6
7 SHARE PRICE PERFORMANCE & SHAREHOLDERS Share Price Performance $0.50 $0.45 $0.40 B D $0.35 C $0.30 $0.25 E $0.20 $0.15 $0.10 $0.05 A $0.00 Jun-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Apr-15 Aug-15 Dec-15 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Volume (000s) A B C D E Jun.2012 Turns cash flow positive Feb.2014 Completes $5mm private placement Jul/Aug.2014 Acquisition of INTO Electronics Inc. Mar/Apr.2015 Acquisition of LVS Inc. Oct 1/15 Feb 25/16 While the stock price went down by 10%, revenues grew 32% Shareholders Share Count Shares (M) Mkt Cap (M) Basic Shares Outstanding 81.4 $ % 19% 3% 4% 3% 4% 8% Manny Mounouchos George Rossolatos Yoram Dushek Leland Verner Rod Wechsler Other insiders All Other Shareholders Options Outstanding (vested) 1.0 Fully Diluted Shares Outstanding 82.4 % of Total Shareholder Shares (M) % of Total (incl. unvested) Manny Mounouchos % 18.00% George Rossolatos % 12.30% Yoram Dushek % 3.75% Leland Verner % 2.70% Rod Wechsler % 3.50% Other insiders % 3.25% Total insiders % 43.50% All Other Shareholders % 56.50% Fully Diluted Shares Outstanding % % 7
8 Quality of Service THE SECURITY LANDSCAPE Estimated market size of the security industry is USD 350 billion in the USA, which includes USD 282 billion of private sector spending. Of this, non-it security spending is estimated at USD 202 billion. Canadian market is about a tenth of the US market Industry is highly fragmented with many small operators with limited services, typically generating less than CAD 10 million in revenues annually Limited service offering Fully integrated service offering Mom & Pop operations Pricing 8
9 AVANTE GROUP - OPERATING UNITS Residential Commercial Description Executive protection, elite rapid alarm response, intelligent perimeter protection video analytics, enhanced security systems, etc. Description High-end security, home automation services integration; specialized skillset in residential security integration Description High-end security and automation services integration; specialized skillset in commercial and high rise security integration Total Revenue ~$8.7mm Recurring Revenue ~$3.8mm Total Revenue ~$2.8mm Recurring Revenue ~$0.9mm Total Revenue ~$2.8mm Recurring Revenue ~$0.9mm Offerings Offerings Offerings Security Camera Systems Patrol & Rapid Response Private Investigations Access Control Systems Intelligent Perimeter Protection Int l Security Travel Advisory Security Consulting Corporate Security Concierge Access Control Systems/24 Hour Monitoring Home Automation & Theatre Locksmith Services Camera Systems Security, Sprinkler & Life Safety Systems Intercom Systems Access Control Systems/24 Hour Monitoring Electronic Building Management Labour Tracking Systems Camera Systems Security, Sprinkler & Life Safety Systems Intercom Systems - Avante Logixx announced that it intends to consolidate LVS into the ASI brand. This is expected to happen by April 1, Avante Security, INTO Electronics and LVS are within close proximity of one another, with a 24/7 Control Centre which has the ability to monitor and respond to hundreds more new clients 9
10 AVANTE GROUP - LINES OF BUSINESS Through Avante Security, INTO Electronics and LVS, Avante Group provides: Patrol & Rapid Response Regular patrols at client sites 6-minute in-area response time Intercom Systems Capable of offering intercom systems for small and large customers, using a variety of technologies Monitoring Multi-channel technology-based video patrols 24/7, 365 Avante Control Centre and dispatch Dual monitoring (wired & wireless) International Security Travel Advisory Client location tracking Travel risk and threat reports Secured Transport For travel in unfamiliar / med- to high-risk countries Intelligent Perimeter Protection Intrusion Detection and Video Analytics Uses a combination of algorithms to study the environment the camera is focused on Personal Emergency Systems Two way voice emergency systems Pendant and Console activated systems Off-site monitoring in INTO s ULC listed Response Centre and 24/7 Concierge Centre Secure Transport Highly trained security focused drivers Counter-surveillance / first aid trained Labour Tracking Systems Time and attendance reporting for payroll; remote monitoring of on-site hardware while ensuring 24/7 System Data Integrity Electronic Building Management 24/7 monitoring and off-site management of all aspects of security Other Services: Bodyguard protection Private investigations Travel alerts 10
11 PRICE RANGE Installations With residential security installations, the Company caters to basic installation of $1K and goes up to $300K on high-end homes Commercial installations - range between $15K and $1 million Monitoring Digital monitoring - $28 per month (before tax) Wireless / GSM backup / SmartBoxx monitoring - $50 per month (before tax) Video Analytics uses software algorithms to detect potential burglars when they approach the property Video Analytics Monitoring ranges from $200 to $500 per month (before tax) Rapid Alarm Response ranges from $100 per month to $750 per month (before tax) 11
12 CUSTOMERS On the residential side, the growth (net of attrition) ranges between 5% and 10% In the commercial space, revenues tend to be lumpier than residential, but we target a growth rate of 5% to 10% Commercial Customers - Testimonials Recently DHL Express Canada Ltd. challenged me to find a product that could satisfy our unique IT requirements for our Host/LAN rooms. The challenge was to find a product that could monitor the rooms temperature levels and send out multiple alerts via and text once certain thresholds were crossed.. While researching this request I came across your companies Smartboxx technology. While other companies were able to just simply monitor the temperature and send out a single alert, yours was the only product to fully meet our requirements. I am happy to say that not only is our IT department impressed with the product, our engineering department is now looking at other ways to utilize this fantastic product. Simply put Avante Security and the Smartboxx were the only company and product that meet our challenge and for that we are thankful for your teams support in helping us. Mike Soberal Loss Prevention Manager We have had Avante Security protect our family for the past 10 years and their service is outstanding. Their staff is extremely accessible, polite and professional whenever we have had a need to contact them. They stand by their commitment and we rest easy a night knowing that Avante Security is monitoring our home and they are always here in mere minutes when we need them. Melissa Bridle Path On behalf of Blackberry Corporate Risk and Security, we would like to express our heartfelt thanks; you have been instrumental in our success and more importantly the safety of our personnel. In particular, thank you for your support over the past two months with the launch of the Blackberry 10. Your professionalism and dedication to duty have been a critical component to the success of our various events overseas. Patrick Morrrissey Blackberry s Director, Investigation and Protection Operations Residential Customers - Testimonials There is nothing that Avante Security cannot do, we have had special security requests that no other firm in Toronto could do. But after contacting Avante their experts went to great lengths to accommodate us and offer our family the ultimate level of protection Mike Rosedale I am writing to convey my appreciation for the prompt, courteous and professional service which you and your staff provide the ROM while assiting us in maintaining our security and CCTV systems Frank Petersen, Head of Security, Royal Ontario Museum Avante Security helped us beyond imagination when our house flooded during our African safari. They took control, managed the remediation and repair and we didn t have to cut our trip of a lifetime short. We will not forget the lengths the Avante team went to help us in our time of need. We will always be loyal customers of Avante! Eric Forest Hill 12
13 FINANCIAL SUMMARY Recurring revenue base with high margins Growth driven through new customer outreach, cross-selling and development of a corporate customer base Significant growth in recurring revenue Revenue run rate of ~$14.5 MM if INTO and LVS Inc. were to be annualized based on the results since acquisition Low asset base with minimal capex requirements Balance sheet has grown more robust without any incremental working capital requirements (negative working capital business) Debt-free, except for minimal debt inherited while acquiring INTO P&L Highlights FYs ending 03/31; C$000s FY 2013 FY 2014 FY 2015 *LTM Revenue 6,746 8,938 10,026 13,589 Growth Rate (%) 21.8% 32.5% 12.2% 35.5% Recurring Revenue 2,831 3,168 4,108 5,568 Growth Rate (%) 7.8% 11.9% 29.7% 35.5% Gross Profit 2,342 3,578 3,880 5,097 Gross Margin (%) 34.7% 40.0% 38.7% 37.5% Adjusted EBITDA ,484 1,219 1,671 EBITDA Margin (%) 6.7% 16.6% 12.2% 12.3% Net Income , Net Income Margin (%) 5.5% 31.1% 5.1% 2.7% S/O (Millions) Adjusted EBITDA excludes stock-based compensation 2. Net income is after corporate reorganization expenses of $622K 3. Shares outstanding as at January 21, mm Net Cash balance NTD: ~$3.2M at February 25,
14 Revenue (C$ M) Margin (%) WHERE WE ARE TODAY Avante s revenues have grown (organically and through acquisitions) over the last 4 years with a focus on growing highly valuable recurring revenue Gross Margin and EBITDA Margins have also increased during the same period: Management is confident that it can continue to grow margin dollars significantly in the coming 8 quarters Avante is now consistently cash flow positive and continues to accumulate cash Revenue, Gross Margin & EBITDA Margin (1) $12.6 $10.0 $8.9 $ % 40.0% 38.7% 38.8% 16.6% 6.7% 12.2% 12.5% $5.2 $2.8 $3.2 $4.1 F2013 F2014 F2015 LTM Period 100% 80% 60% 40% 20% 0% -20% Recurring Revenue Revenue Gross Margin EBITDA Margin 14 (1) Includes INTO since Aug 22, 2014 and LVS since April 1, 2015, annual revenue run rate is ~ $14.5 MM
15 C$ (000) % of EBITDA converted to FCF EXCELLENT CASH FLOW DYNAMICS Cash flow generative Minimal debt inherited from the INTO acquisition; low interest expense Capex light dynamic - very little capital expenditure required; the relocation of LVS to the ASI premises has required incurrence of leasehold improvements and equipment expenditure Recurring revenue has negative working capital dynamic collect first, then provide service Result is extremely high EBITDA to Cash conversion EBITDA-To-Free Cash Flow Conversion 2,000 1, % 91.3% 1, % 1, % 100.0% 75.0% 1, % % % -25.0% -1, % -1, % -2,000 F2013 F2014 F2015 LTM Adjusted EBITDA Capex EBITDA to FCF Conversion Ratio (%) % 15
16 Revenue (C$ M) RECURRING REVENUE GROWTH IS A FOCUS Both Recurring Monitoring & Response and Other Security & Transport have been trending upward Recurring revenue is important to track as it is very highly valued in the security space. It becomes valued even higher depending on the quality of the clients. The recently concluded acquisition of ADT by private equity firm Apollo Global Management was based on a value of 44 * RMR multiple. Increased at a CAGR of 36.9% rate during the last 8 quarters Other Security & Transport revenue has increased at a CAGR of 28.2% during the same period Q3-16 non recurring revenue was higher than Q3-15 due to growth in domestic and international secure transport, and the inclusion of revenues from INTO Electronics and LVS Inc. Revenue Composition Last 8 Quarters 4,500 4,000 3,500 3,000 2,500 1,908 2,026 2,402 2,000 1,823 1,684 1,500 1, ,372 1, , ,123 1,156 1,447 1,469 1,497 0 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Period Recurring Monitoring & Response Other Security & Transport 16
17 STRATEGY AND OUTLOOK Strategy Going Forward Organic Growth Core Services to Markets Organic Growth New Offerings & Markets Acquisition Growth Strong recognized brand in high end security markets Pursue growth in core markets Pursue cross-selling opportunities between operating divisions Accelerate organic growth via referral base from sector expertise New marketing initiatives (i.e. Expedient deployment and growth in new geographies Recently introduced offerings include: Intelligent Perimeter Protection, International Travel Service, third party analytics monitoring Deep management expertise in M&A Large, fragmented market in security and trusted monitoring space Strong and developed deal pipeline Infrastructure (i.e. 24/7/365 Avante Control Centre) offers opportunities for synergies and significant accretion 17
18 ACQUISITION CASE STUDY Completed Acquisitions Pipeline INTO Electronics was acquired on August 22, 2014 for $2.4 mm of cash and 3,157,896 common $0.38 per share LVS Inc. acquired on April 1, 2015 for $2.7 mm of cash and 3,157,896 common $0.38 per share Targets include: Several high potential targets, similar to the INTO acquisition - small / medium sized companies in Canada and the U.S. Value generally determined by quantum of monthly recurring revenues and other intangibles which include Tech Services infrastructure, order pipeline, cross-selling opportunities within the group etc. Full service security providers in residential & commercial security Plan to make further acquisitions, with existing cash, debt capacity and deferred structuring mechanisms 18
19 TRADING COMPARABLES It is challenging to find true comparables given Avante s uniqueness and quality of recurring revenue but the peer group below trades at higher valuations, regardless of whether Avante is compared to security companies or surveillance technology companies (using latest released results) Trading Comparables As at February 12, 2016 Market Cap TEV Share Price S/O Run-Rate (LQA) (M, Local Currency) (M, Local Currency) (Local Currency) (M) P / Revenue EV / EBITDA P / E Security Companies AlarmForce Industries Inc C$ x 11.0x 20.8x Command Security Corp $ x NMF NMF G4S plc 3, , x 11.1x NMF The ADT Corporation 4, ,767.9 $ x 5.3x 17.4x Tyco International Ltd. 14, ,205.2 $ x 10.3x 46.8x Average 1.1x 9.4x 28.3x Security Technology & Surveillance Comparable Companies AlarmForce Industries Inc C$ x 11.0x 20.8x Avigilon Corporation C$ x 8.0x 14.0x Control4 Corporation $ x 15.4x NMF FLIR Systems, Inc. 4, ,933.0 $ x 9.2x 14.4x Verint Systems Inc. 1, ,297.7 $ x 13.8x NMF Average 1.7x 12.2x 16.4x Avante Logixx Inc C$ x 9.7x 19.7x 19 Note: AlarmForce appears on both lists as it amounts both to a traditional security firm and a surveillance company; all multiples based on Last Quarter Annualized
20 AVANTE LOGIXX KEY TAKEAWAYS Underfollowed Canadian based (TSX-V: XX) security and technology company that has gone through a recent turnaround around and now transitioning from a inward cost reduction focus to an outward focused organic growth and acquisition strategy Profitable with strong organic growth story with current and new offerings Very large yet fragmented market with acquisition opportunities and expertise to execute, with significant synergy opportunities. Track record of two successful deals In Avante Security, INTO Electronics and LVS, the Group companies are within close proximity of one another, with a 24/7 Control Centre which has the ability to monitor and respond as the Company scales up Attractive recurring revenue focused with negative working capital dynamic Strong balance sheet with no debt and cash accumulating each quarter Extremely high cash conversion with little capex requirements 20
21 Investor Presentation George Rossolatos, CEO Avante Logixx Inc. TSXV: XX OTC:ALXXF
AVANTE LOGIXX INC. Welcomes you to the Annual General Meeting. September 19, 2017
AVANTE LOGIXX INC. Welcomes you to the Annual General Meeting September 19, 2017 AVANTE LOGIXX - BRANDS AVANTE SECURITY INC. INTO-ELECTRONICS INC. CITY WIDE LOCKSMITHS LTD. ARCHITRONICS LIMITED AVANTE
More informationArun Nayar Senior Vice President, Finance and Treasurer
Arun Nayar Senior Vice President, Finance and Treasurer November 18, 2010 Forward-Looking Statements / Safe Harbor Certain statements in this presentation are forward-looking statements within the meaning
More informationThe ADT Corporation Form 10
The ADT Corporation Form 10 April 10, 2012 Forward-Looking Statements / Safe Harbor This presentation contains a number of forward-looking statements. Words, and variations of words, such as expect, intend,
More informationInvestor Briefing. ADT Caps Acquisition. SK Telecom
ADT Caps Acquisition SK Telecom 208. 5. 8 0 ADT Caps Acquisition Disclaimer This presentation contains forward-looking statements with respect to the results of operations and business of SK Telecom (the
More informationFor personal use only
PROPOSED MERGER OF AFTERPAY AND TOUCHCORP 30 MARCH 2017 INTRODUCTION MERGER IMPLEMENTATION AGREEMENT SIGNED BETWEEN AFTERPAY AND TOUCHCORP ON 30 MARCH 2017 RATIONALE ACCELERATE GROWTH PROFILE OF AFTERPAY
More informationThe NASDAQ 35th Investor Program. November 30,
R The NASDAQ 35th Investor Program November 30, 2016 1 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationINVESTOR PRESENTATION
TOUCHCORP LIMITED ASX:TCH WWW.TOUCHCORP.COM INVESTOR PRESENTATION $25.6M CAPITAL RAISING SEPTEMBER 2016 TOUCHCORP LIMITED 1 TOUCH SERVICE OFFERING TOUCHCORP NOW OFFERS ITS CUSTOMERS A COMPLETE OMNI-CHANNEL
More informationCombination to Create a Leading Commercial Real Estate Credit REIT with Approximately $5.5 Billion in Assets and $3.4 Billion in Equity Value
Colony NorthStar, NorthStar Real Estate Income Trust and NorthStar Real Estate Income II Announce Creation of Colony NorthStar Credit Real Estate, Inc. Combination to Create a Leading Commercial Real Estate
More informationG4S Investor Presentation John Kenning, Regional CEO, North America. NYC December 2017
G4S Investor Presentation John Kenning, Regional CEO, North America NYC December 2017 G4S Transformation G4S Today Leading global security company: Secure and Cash Solutions Advantages of global scale
More information2010 Electrical Products Group Conference
2010 Electrical Products Group Conference Ed Breen Chairman & Chief Executive Officer May 19, 2010 Forward-Looking Statements / Safe Harbor Certain statements in this presentation are forward-looking
More informationMatas FY/Q4 2016/17 Results
Matas FY/Q4 2016/17 Results Forward Looking Statements This presentation contains statements relating to the future, including statements regarding Matas A/S future operating results, financial position,
More informationLowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review
Lowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review Lowe's Companies Inc (LOW) - Financial and Strategic SWOT Analysis Review The Business Research Store is run by Sector Publishing
More informationScS Group Plc Interim Results For The 26 Weeks Ended 24 January 2015 March 2015
ScS Group Plc Interim Results For The 26 Weeks Ended 24 January 2015 March 2015 October 2014 H1 2015 Highlights Financial Highlights: Like for like sales order intake up 7.8% Flooring up 13.0% Total sales
More informationB&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017
B&M European Value Retail SA Interim Results Presentation 26 weeks to 23 rd September 2017 Interim FY18 Group Highlights Group revenues increased by 21.7% to 1,346.4m B&M LFL revenues +7.5%, Q2 LFL +7.7%
More informationHalf Year Results 2016 Presentation
Half Year Results 2016 Presentation Agenda Company highlights Financial results nbn operational progress Questions 2016 nbn co limited 2 2020 goals Connect Australia. Close Digital Divide 8 million premises
More informationElectrical Products Group Conference. 21 / May / George Oliver, Chief Executive Officer
Electrical Products Group Conference 21 / May / 214 George Oliver, Chief Executive Officer Forward-Looking Statements / Safe Harbor This presentation contains a number of forward-looking statements. In
More informationNews Release. ADC Media Relations: Mike Smith Office
News Release FOR IMMEDIATE RELEASE Contacts: Tyco Electronics Media Relations: Joan Wainwright 610-893-9500 Office 609-903-5329 Mobile joan.wainwright@tycoelectronics.com ADC Media Relations: Mike Smith
More informationBB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011
BB&T Capital Markets Automotive Aftermarket Conference: Car Talk in the City August 17, 2011 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements
More information2017 Investor Presentation IBI GROUP
2017 Investor Presentation IBI GROUP PRESENTATION FORWARD-LOOKING NAME STATEMENTS HERE This presentation includes certain statements, estimates and projections with respect to anticipated future performance
More informationDecorative Architectural Products. Jeff Filley / President Masco Coatings Group
Decorative Architectural Products Jeff Filley / President Masco Coatings Group Safe Harbor Statement This presentation contains statements that reflect our views about our future performance and constitute
More informationCasino takes a major step in further integrating its Latin American operations
Casino takes a major step in further integrating its Latin American operations 30 July 2015 Table of contents Transaction summary Creation of a common platform consolidating Casino s operations in Latin
More informationSupplemental Consolidated Financial Data for Fiscal 2011 Third Quarter and Nine Months ended December 31, 2010
Supplemental Consolidated Financial Data for Fiscal 2011 and, 2010 February 2, 2011 Panasonic Corporation Note: SANYO and its subsidiaries became Panasonic s consolidated subsidiaries in December 2009.
More informationDISPOSAL GALERIA KAUFHOF. 15 June 2015
DISPOSAL GALERIA KAUFHOF 15 June 2015 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements. All
More informationPre-seen case study for Strategic level examinations Papers E3, P3 and F3. For examinations in May 2014 and September 2014
Pre-seen case study for Strategic level examinations Papers E3, P3 and F3 For examinations in May 2014 and September 2014 PRE-SEEN MATERIAL, PROVIDED IN ADVANCE FOR PREPARATION AND STUDY FOR THE EXAMINATIONS
More informationG4S Americas May 2012
May 2012 Grahame Gibson Group COO & Regional CEO Americas 1 Agenda 1. Market Overview 2. G4S Performance 3. Differentiating G4S 4. Brazil Market Opportunity 5. G4S in Brazil 6. Summary & Conclusion 2 Americas
More informationNeedham Growth Conference January 10,
R Needham Growth Conference - 2017 January 10, 2017 1 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationPrincipal Brands UK and Northern Ireland
Profile UK and Ireland based Building Materials Group Principal activities Builders and Plumbers Merchanting DIY Retailing in Ireland Dry Mortar Manufacturing Annualised turnover over 2.8 billion Market
More informationNovember 14, Rich Meelia President & CEO
November 14, 2007 Rich Meelia President & CEO Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the United States Private Securities Litigation
More informationFor personal use only TOUCHCORP 1H2015 RESULTS PRESENTATION DATED: THURSDAY, 27TH AUGUST 2015
TOUCHCORP 1H2015 RESULTS PRESENTATION DATED: THURSDAY, 27TH AUGUST 2015 DISCLAIMER The material in this presentation has been prepared by Touchcorp Limited ARBN 603 731 184 (Touchcorp) and is general background
More informationMay 24, 2018 Frankfurt/Main. DVFA Analyst Meeting May 2018 HORNBACH Group 2018
HORNBACH Baumarkt AG DVFA Analyst Meeting May 24, 2018 Frankfurt/Main Page 1 Financial Calendar 2018 HORNBACH Group June 22, 2018 Financial Update: 1st Quarter of 2018/19 as of May 31, 2018 July 5, 2018
More informationHORNBACH Baumarkt AG Group Q3/9M 2017/2018
HORNBACH Baumarkt AG Group Q3/9M 2017/2018 Quarterly Statement as of November 30, 2017 2 HORNBACH BAUMARKT AG GROUP QUARTERLY STATEMENT: 3 RD QUARTER AND 1 ST NINE MONTHS OF 2017/2018 HORNBACH BAUMARKT
More informationSteinhoff: is bigger better?
Dirk van Vlaanderen - Associate Portfolio Manager From its humble beginnings in the 1960s - when German founder, Bruno Steinhoff, began sourcing Eastern European furniture for import to Western Europe
More informationJohnson Controls and Tyco Creating a Global Industrial Leader
Johnson Controls and Tyco Creating a Global Industrial Leader Bernstein Strategic Decisions Conference June 3, 2016 George Oliver CEO Legal Disclosures NO OFFER OR SOLICITATION This communication is not
More informationJP Morgan 40 th Annual Technology Conference. May 15, 2012
JP Morgan 40 th Annual Technology Conference Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements which are
More informationTSR Deal Briefing Note: In Our View Parent: Tyco International Ltd +24.9% (post Spinoff) Mkt Cap: c.$9,839m
Parent: Key Dates: Ratio: Target Price & Risk (Post Spinoff) TYC (ex-spinoff) ADT Target Price $26.56 $44.67 Rating Tyco International Ltd. (TYC) Commercial Security Equipment The ADT Corp. (ADT) Residential
More informationCreating a Global Industrial Leader
Johnson Click to edit Master Controls title style and Tyco Creating a Global Industrial Leader NO OFFER OR SOLICITATION This communication is not intended to and does not constitute an offer to sell or
More informationMaking the world a safer place to travel QUIXOTE CORPORATION
Making the world a safer place to travel QUIXOTE CORPORATION MISSION ENHANCE THE SAFETY, EFFICIENCY & SECURITY OF TRANSPORTATION SYSTEMS WORLD WIDE. BUSINESS SEGMENTS PROTECT & DIRECT: Provide products
More informationQ3 2016/17 RESULTS PRESENTATION. 31 August 2017
Q3 2016/17 RESULTS PRESENTATION 31 August 2017 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements.
More informationAdding Value to Our Customers Products and Services ANNUAL REPORT 06 FTK
Adding Value to Our Customers Products and Services 20 ANNUAL REPORT 06 FTK FLOTEK INDUSTRIES IN SUMMARY Flotek Industries, Inc is a diversified global supplier of drilling and production related products
More informationAlmacenes Éxito S.A. Consolidated Financial Results
Almacenes Éxito S.A. Consolidated Financial Results For the second quarter and six-month period ended June 30, Viva Caucasia Shopping Mall BVC (The Colombian Stock Exchange): ÉXITO ADR Program: ALAXL Medellín,
More informationCanaccordGenuity Growth Conference. August 9,
R CanaccordGenuity Growth Conference August 9, 2017 1 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationHONEYWELL ANNOUNCES PLANNED PORTFOLIO CHANGES
Contacts: Media Investor Relations Scott Sayres Mark Macaluso (480) 257-5921 (973) 455-2222 scott.sayres@honeywell.com mark.macaluso@honeywell.com HONEYWELL ANNOUNCES PLANNED PORTFOLIO CHANGES Plans to
More informationKingfisher AGM. 17 June 2010
Kingfisher AGM 17 June 2010 Daniel Bernard Chairman Agenda Introduction Business review Daniel Bernard Ian Cheshire Questions and answers Resolutions Daniel Bernard Chairman Introduction: excellent progress
More informationAlmacenes Éxito S.A. Consolidated Financial Results
Almacenes Éxito S.A. Consolidated Financial Results 2011 For the quarter and twelve-month period ended December 31, 2011 The New Surtimax La Paz Bosa store. BVC (The Colombian Stock Exchange): ÉXITO ADR
More informationThird Quarter 2016 Results Summary
Third Quarter 2016 Results Summary Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding expectations
More information2017 HALF YEAR RESULTS 9 AUGUST 2017
2017 HALF YEAR RESULTS 9 AUGUST 2017 ASHLEY ALMANZA CHIEF EXECUTIVE OFFICER LEGAL DISCLAIMER Certain statements in this document are forward-looking statements. These forward-looking statements speak only
More information2011 Fourth Quarter Results
2011 Fourth Quarter Results February, 2012 INVESTOR RELATIONS Disclaimer The financial information in this document are consolidated earnings results based on K-IFRS. The previous earnings results have
More informationJOINT VENTURE WITH HANIEL Delivering Shareholder Value. 16 December 2016
JOINT VENTURE WITH HANIEL Delivering Shareholder Value Andy Ransom Chief Executive Jeremy Townsend Chief Financial Officer 16 December 2016 Executive Summary Today we have announced an agreement with Haniel
More informationSecond Quarter Interim Report
2 Second Quarter Interim Report For the Six Months Ended June 30, 1997 W E L L S E R V I C E L T D. Financial Summary ($millions, except per share amounts) Six months ended June 30, Three months ended
More informationAlmacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31. First Quarter 2013 Financial Highlights
Almacenes Éxito S.A. Consolidated Financial Results For the three-month period ended March 31 2013 New Éxito Soledad in Atlántico First Quarter 2013 Financial Highlights Note: Consolidated figures include
More informationUpdate - Home Improvement
12 August 2014 Update - Home Improvement Woolworths Limited (Woolworths) today provided an update to the market on its Home Improvement business. Key points Update on financial results with losses in FY14
More informationGlobal Water Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts ( )
Global Water Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2015-2020) By Technology Equipment, Inspection Service By Equipment Acoustic, Non Acoustics By Type Continuous
More informationLOWE S SECURITY ANALYSIS TERRY ASANTE
LOWE S SECURITY ANALYSIS TERRY ASANTE THE OUTLINE 1. Theme 2. Business Analysis 3. Financial Analysis 4. Stock Valuation 5. The moat 6. Risk 7. Bulls vs.. Bears 8. Investing Strategies THE THEME Lowe s
More informationLENTA SALES AND OPERATING HIGHLIGHTS FOR THE FIRST QUARTER ENDED 31 MARCH 2018
LENTA SALES AND OPERATING HIGHLIGHTS FOR THE FIRST QUARTER ENDED 31 MARCH 2018 St-Petersburg, Russia; 19 April, 2018 Lenta Ltd, (LSE, MOEX: LNTA / Lenta or the Company ) one of the largest retail chains
More informationThe NASDAQ 37th Investor Program. December 5,
R The NASDAQ 37th Investor Program December 5, 2017 1 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationEMBARGOED UNTIL 0700 HOURS - Thursday 2 June 2011
EMBARGOED UNTIL 0700 HOURS - Thursday 2 June 2011 Kingfisher today reports total sales up 3.3% (+3.3% LFL) and retail profit up 19.1% for the first quarter Group Financial Summary (13 weeks ended 30 April
More informationINVESTOR PRESENTATION SEPTEMBER 2017
INVESTOR PRESENTATION SEPTEMBER 2017 AGENDA 01 G4S Overview 02 03 H1 17 Results Looking Ahead 04 Q&A 2 G4S TRANSFORMATION G4S TODAY Leading global security company: Secure and Cash Solutions Advantages
More informationINVESTOR PRESENTATION DECEMBER 2017
INVESTOR PRESENTATION DECEMBER 2017 AGENDA 01 G4S Overview 02 03 9M 17 Update Looking Ahead 04 Q&A 2 G4S TRANSFORMATION G4S TODAY Leading global security company: Secure and Cash Solutions Advantages of
More informationWESFARMERS FORECASTS CONTINUED STRONG GROWTH
WESFARMERS FORECASTS CONTINUED STRONG GROWTH 13 June 2001 Wesfarmers Limited today announced its takeover offer for all of the shares in Howard Smith Limited and provided its bidder s statement (the Bidder
More informationSchool of Business Investment Program. The Home Depot. September 20, Consumer Discretionary Analyst
September 20, 2018 Taylor Crawford Performance Analyst Theo Harrison Consumer Discretionary Analyst Daniel Hassett Special Events Coordinator Ashley Markow U.S. Economist Table of Contents Investment Thesis
More informationNASDAQ:NSSC Protecting America s Homes, Schools and Businesses! November 2017 Corporate Presentation
NASDAQ:NSSC Protecting America s Homes, Schools and Businesses! November 2017 Corporate Presentation Forward Looking Statements This presentation may contain forward-looking statements that involve numerous
More informationPreliminary Results 2006/07 20 June 2007
Preliminary Results 2006/07 20 June 2007 John Clare Group Chief Executive Group performance Year of significant change Underlying sales Underlying Like for Like sales Underlying PBT Gross margins down
More informationCONSUMER BRANDS GROUP
CONSUMER BRANDS GROUP AARON M. ERTER PRESIDENT CONSUMER BRANDS GROUP Forward Looking Statement The presentations today will contain certain forward looking statements," as defined under U.S. federal securities
More informationMothercare plc Proposed Acquisition of Early Learning Centre
Mothercare plc Proposed Acquisition of Early Learning Centre Ben Gordon Chief Executive Strategic acquisition - rationale Creates a key destination for parents of babies and young children Highly complementary
More informationBen Gordon Chief Executive
Interim Results 18 th November, 2009 Ben Gordon Chief Executive Performance highlights Group sales +7.9% to 387.3m Group network sales up 13.6% to 549.1m Group underlying profit before tax +11.1% to 10.0m
More informationQ3 Report Johan Molin President & CEO
Q3 Report 2011 Johan Molin President & CEO 1 Financial highlights Q3 2011 Good performance in a weak market Continued strong growth in Asia Stable but slow development in mature markets South America slowing
More informationHORNBACH Holding AG & Co. KGaA Group. 1 st QUARTER 2017/2018
HORNBACH Holding AG & Co. KGaA Group 1 st QUARTER 2017/2018 Quarterly Statement as of May 31, 2017 2 HORNBACH HOLDING AG & CO. KGaA GROUP QUARTERLY STATEMENT: 1 ST QUARTER OF 2017/2018 HORNBACH HOLDING
More informationPUREGOLD PRICE CLUB, INC.
Sa PUREGOLD PRICE CLUB, INC., Always Panalo! Company Presentation 1Q 2016 Results and Performance July 2016 Disclaimer These presentations and/or other documents have been written and presented by Puregold
More informationO KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q3 AND 9M 2017
Press Release 27 Oct 2017 O KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q3 AND 9M 2017 O KEY Group S.A. (LSE: OKEY, the Group ), one of the leading Russian food retailers, announces its unaudited operating
More informationNASDAQ:NSSC Protecting America s Homes, Schools and Businesses! August 2018 Corporate Presentation
NASDAQ:NSSC Protecting America s Homes, Schools and Businesses! August 2018 Corporate Presentation Forward Looking Statements This presentation may contain forward-looking statements that involve numerous
More informationFull year results 2006/07. Slides will be available at
Full year results 2006/07 Slides will be available at www.kingfisher.com Gerry Murphy Group Chief Executive 2006/07- Operating highlights UK Market tough, but stabilised in H2 B&Q grew in H2 Good progress
More informationEstablished in September 2005 : OTCBB via a reverse merger. October 2008 : NASDAQ Dubai (Nasdaq Dubai : CSR)
This presentation includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected financial
More informationCorporate Presentation. November 2018
Corporate Presentation November 2018 Company Profile FOURLIS GROUP is a leading retail group of companies of quality consumer goods in Southeast Europe. The initial company was founded in 1950. The group
More informationCanaccord Genuity 33 rd Annual Growth Conference August 14, 2013
Canaccord Genuity 33 rd Annual Growth Conference Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements which
More informationNASDAQ OMX 30th Investor Program December 3, 2013
NASDAQ OMX 30th Investor Program Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements which are made pursuant
More informationHORNBACH Holding AG & Co. KGaA Group. 1 st QUARTER 2018/19
HORNBACH Holding AG & Co. KGaA Group 1 st QUARTER 2018/19 Quarterly Statement as of May 31, 2018 2 HORNBACH HOLDING AG & CO. KGaA GROUP STATEMENT ON 1 ST QUARTER OF 2018/19 HORNBACH HOLDING AG & CO. KGaA
More informationThe Physical Security Business 2015 to 2020:
The Physical Security Business 2015 to 2020: Access Control, Intruder Alarms & Video Surveillance This report is the new 2015 definitive resource for access control, intruder alarms & video surveillance
More informationO`KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q2 and 1H 2018
Press Release 24 Jul 2018 O`KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q2 and 1H 2018 O`KEY Group S.A. (LSE: OKEY, the Group ), one of the leading Russian food retailers, announces its unaudited operating
More informationFor the quarter and twelve-month period ended December 31, 2010
Almacenes Éxito S.A. Consolidated Financial Results 20 Fourth Quarter 20 financial report Éxito Modelia: the first store converted from Cafam brand For the quarter and twelve-month period ended December
More informationSGREIT reports DPU of 1.17 cents for 2Q FY17/18
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (SGREIT) SGREIT reports DPU of 1.17 cents for 2Q FY17/18 HIGHLIGHTS
More informationCompany Presentation. 1H 2014 Results and Performance August 15, 2014
Company Presentation 1H 2014 Results and Performance August 15, 2014 Disclaimer These presentations and/or other documents have been written and presented by Puregold Price Club, Inc. (PGOLD). PGOLD is
More informationCREATING TWO INDEPENDENT INTERNATIONAL LEADERS. 30 March 2016
CREATING TWO INDEPENDENT INTERNATIONAL LEADERS 30 March 2016 To the extent that statements in this presentation do not relate to historical or current facts, they constitute forwardlooking statements.
More informationEarnings Presentation First Quarter May 2012
Earnings Presentation First Quarter 2012 May 2012 Company overview Key metrics (LTM 2012 1 ) Number of stores: 906 Selling space: 3,3 million sq 2 Number of customers: 800mm Number of employees: 139,082
More informationWedbush Consumer Conference. December 11, 2012
Wedbush Consumer Conference Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements which are made pursuant to
More informationProtecting America s Homes, Schools and Businesses! February 2017 Corporate Presentation
Protecting America s Homes, Schools and Businesses! February 2017 Corporate Presentation 1 Forward Looking Statements This presentation may contain forward-looking statements that involve numerous risks
More informationAcquisition Butler Manufacturing Company
Acquisition Butler Manufacturing Company Presentation to Investors Kirby Adams, CEO & Managing Director 16 February 2004 Acquisition Cost Cash offer of US$22.50 per share Transaction Value US$ Million
More informationInterim Results 2009/10. Slides will be available at
Interim Results 2009/10 Slides will be available at www.kingfisher.com Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully
More informationNeedham Growth Conference. January 15, 2013
Needham Growth Conference Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements which are made pursuant to
More informationCorporate Overview March 2016
Looking Out For You Corporate Overview March 2016 Safe Harbor Safe Harbor for Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions
More informationMETRO GROUP achieves sales target and confirms EBIT guidance
19 October 2015 1/5 METRO GROUP achieves sales target and confirms EBIT guidance Like-for-like sales growth of 1.5% in financial year 2014/15 Growth drivers online retail and delivery remain successful
More informationDrKW Capital Goods Conference
DrKW Capital Goods Conference 17 March 2004, United Kingdom Halma p.l.c. Stephen O Shea, Group Chief Executive After introducing himself and welcoming his audience of analysts and fund managers, Stephen
More informationSidoti Emerging Growth Investor Forum March 18, 2014
Sidoti Emerging Growth Investor Forum March 18, 2014 Forward Looking Statements Certain statements made in this presentation that are not based on historical information are forward-looking statements
More informationO KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q4 AND 12M 2017
Press Release 26 Jan 2018 O KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q4 AND 12M 2017 O KEY Group S.A. (LSE: OKEY, the Group ), one of the leading Russian food retailers, announces its unaudited operating
More informationDataDot Technology Limited ABN Securities Exchange Announcement
DataDot Technology Limited ABN 54 091 908 726 Securities Exchange Announcement 30 th January 2014 Market Update Growth Strategy Being Implemented Background As enunciated at the AGM in November, the company
More informationLENTA SALES AND OPERATING HIGHLIGHTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED 31 DECEMBER 2017
LENTA SALES AND OPERATING HIGHLIGHTS FOR THE FOURTH QUARTER AND FULL YEAR ENDED 31 DECEMBER 2017 St-Petersburg, Russia; 25 January, 2018 Lenta Ltd, (LSE, MOEX: LNTA / Lenta or the Company ) one of the
More informationINVESTOR NEWS /17
1/5 INVESTOR NEWS 2-2016/17 Profitability and solid growth as benchmarks METRO GROUP: The launch of two strong companies New company names published: It is intended that, in the future, the METRO GROUP
More informationFor the quarter and six-month period ended June 30, 2010
2 1 Almacenes Éxito S.A Second Quarter Consolidated 2 financial report 1 financial results The converted Éxito Libertador store in Santa Marta For the quarter and six-month period ended June 3, 21 Working
More informationSTARHILL GLOBAL REIT REPORTS 11.4% INCREASE IN 2Q 2010 GROSS REVENUE
Media release by: YTL Starhill Global REIT Management Limited (YTL Starhill Global) Manager of: Starhill Global Real Estate Investment Trust (Starhill Global REIT) STARHILL GLOBAL REIT REPORTS 11.4% INCREASE
More informationThe Remodeling Market
The Remodeling Market Kermit Baker Remodeling Futures Program International Builders Show January 21, 2010 www.jchs.harvard.edu Remodeling Market Issues 1. Where do we stand in the remodeling cycle at
More information