Superior Plus Corp · TSX:SPB
Superior Plus — Investor Presentation (March 2012)
16 slides from Superior Plus's investor presentation, March 2012
Slide 1: Investor Update February/March 2012
TSX:SPB Investor Update February/March, 2012 www.superiorplus.com
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward‐Looking Statements and Non‐GAAP Measures Certain information included in this presentation is forward-looking, within the meaning of applicable Canadian securities laws. Forward- looking information includes, without limitation, statements regarding the future financial position, business st
Slide 3: Business Overview
Business Overview ¾ Superior Plus – ‘Three Businesses – ONE Investment’ ¾ Energy Services ¾ Specialty Chemicals ¾ Construction Products Distribution ¾ Converted to a corporation December 31, 2008 ¾ Going forward - Focusing on improving efficiency and organic growth generation ¾ Attractive acquisitio
Slide 4: Luc Desjardins
Luc Desjardins ¾ President and Chief Executive Officer – commenced role on November 14, 2011 ¾ Partner in Sterling Group, private equity firm ¾ Operational focus (2008 to 2011) ¾ Executive Chairman of a large distribution business in the U.S. and two business providing products and services for the
Slide 5: Energy Services Fundamentals
Energy Services Fundamentals ¾Industrial/oilfield propane demand continues to be strong in Canada ¾U.S. Northeast heating oil demand continues to decline but propane and commercial fuels volumes are growing ¾Attractive tuck-in acquisition opportunities in Canada and the U.S. Northeast ¾Customer cons
Slide 6: Energy Services Opportunities/Strategy
Energy Services Opportunities/Strategy ¾ Improve Customer Service Levels ¾ Continued focus on sales and marketing to attract and retain customers – become a customer centric organization ¾ Build and execute on a plan to leverage our safety expertise ¾ Cross selling of complementary fixed-price offer
Slide 7: Energy Services Opportunities/Strategy
Energy Services Opportunities/Strategy ¾ Technology Enhancements ¾ Investment in new technologies and optimization of existing technologies to help improve businesses ¾ Procurement and Storage Optimization ¾ Optimize storage, delivery and procurement of propane and refined fuels to provide the suppl
Slide 8: CPD Market Fundamentals
CPD Market Fundamentals ¾ Ongoing U.S. economic weakness continues to challenge the business ¾ Low gypsum and insulation capacity utilization has resulted in reduced pricing leverage ¾ Industrial business spending continues to be stable ¾ Housing starts in Canada remain relatively stable – supported
Slide 9: Growth Opportunities/Strategy
Growth Opportunities/Strategy ¾ Continued Focus on Efficiency and Process Improvements ¾ All aspects of the business to be reviewed including working capital management, capital expenditure assessment and procurement ¾ Review of overall delivery and service platform to ensure existing operations mod
Slide 10: Specialty Chemicals Market Fundamentals
Specialty Chemicals Market Fundamentals ¾ Chlorate pricing should benefit from contract renewals completed during 2011 and throughout 2012 ¾ Improved pricing will be offset in part by a lower average Fx hedge rate for 2012 - 1.05 compared to 1.10 in 2011 ¾ Pulp markets have softened from 2011 highs
Slide 11: Opportunities in Specialty Chemicals
Opportunities in Specialty Chemicals ¾ Opportunities to increase capacity at existing facilities through optimization over the next three years ¾ Hydrochloric acid expansion is compelling due to strong demand related to oil & gas activity ¾ Organic chlorate and chloralkali expansion opportunities ex
Slide 12: Business Initiatives Summary
Business Initiatives Summary A Summary of Significant Business Initiatives is as follows: ¾ Developing a customer centric focus throughout the entire organization ¾ Sales growth and margin enhancement ¾ Overall logistics efficiencies ¾ Cost reduction opportunities and improved customer services ¾ In
Slide 13: 2011 4th Quarter & YTD Results
2011 4th Quarter & YTD Results (millions of dollars except per share amounts) 4th Quarter 4th Quarter 2011 2010 YTD 2011 YTD 2010 Superior Plus Energy Services 46.5 45.1 133.6 114.7 Specialty Chemicals 34.5 28.6 115.2 101.5 Construction Products 6.9 7.9 24.2 26.8 EBITDA from operations 87.9 81.6 273
Slide 14: 2012 Financial Outlook
2012 Financial Outlook 2012 Adjusted Operating Cash Flow per share (1)(2) $1.45-$1.80 (1) Superior’s 2012 Financial Outlook is as provided in Superior’s 2011 fourth quarter Financial Discussion and Analysis (2) The assumptions, definitions, and risk factors relating to the Financial Outlook are disc
Slide 15: Debt Management Continued
Debt Management Continued (all amounts per share unless otherwise indicated) 2012 financial outlook AOCF per share – midpoint $1.62 Maintenance capital expenditures (0.21) Capital lease obligation repayments (0.16) Cash flow before growth capital $1.25 Port Edward’s 2012 one-time environmental (0.10
Slide 16: TSX:SPB
TSX:SPB Suite 1400, 840 – 7 Avenue S.W. Calgary, Alberta T2P 3G2 Tel: 403-218-2970 Fax: 403-218-2973 Toll Free: 1-866-490-7587 www.superiorplus.com www.superiorplus.com