Coventry Group Limited · ASX:CYG
Coventry — Investor Presentation (June 2006)
11 slides from Coventry's investor presentation, June 2006
Slide 1: Investor Presentation June 2006
ABN 37 008 670 102 INVESTOR PRESENTATION June 2006
Slide 2: CAP NSW Sale and Closure
CAP NSW Sale and Closure • Management Review - Short to medium financial performance unacceptable • Selling 5 branches • Closing Mascot branch and Liverpool DC • Settlement on 1 September 2006 • Close Mascot immediately
Slide 3: Financial Impact
Financial Impact • One off costs associated with sale and closure of $1.4M to be booked in 2005/06 • Trading loss before corporate overheads of $1.3M for YTD, May 2006
Slide 4: Automotive Strategy Qld
Automotive Strategy Qld • Qld still not profitable • Focus to lift Qld performance over the next 12 months • Qld - Revenue - Costs • Qld growing economy • Market structure is different to NSW
Slide 5: Automotive Strategy
Automotive Strategy • Focus on WA / SA / NT / QLD • Business restructuring • Build trade business • Expand retail • Merchandising and marketing • Logistics and warehousing - New WA warehouse • People development Coventrys, Motor Traders, Independent Motor Mart, Coventry Auto Parts, Thompson’s Spare
Slide 6: Fasteners Strategy
Fasteners Strategy • Grow market position • Product expansion • DC and branch network improvement • Supply chain • Build on branding Coventry Fasteners, Hylton Parker Fasteners, Infix
Slide 7: Cabinet and Furniture Hardware
Cabinet and Furniture Hardware • Integration • Business performance is on track • New GM for Cornall • Market opportunities identified Cornall, Howard Silvers
Slide 8: Fluids
Fluids • Operate Cooper Fluids Qld and Coventry Fluids WA as a single business • Focus on the fluids market • Mining focused business • Excellent growth over the last 18 months • Further growth opportunities. Cooper Fluids, Coventry Fluids
Slide 9: Bitumen Strategy
Bitumen Strategy • Operational improvements • Build organic sales • Expand customer segments so the business is not so reliant on local government • Manage bitumen price fluctuations Hot Mix, Bitumen Emulsions
Slide 10: Gasket Strategy
Gasket Strategy • Market segment is mature • Grow market share in the automotive aftermarket • Expand non - automotive applications • Continue to improve production efficiencies AA Gaskets & NZ Gaskets
Slide 11: Project Compass – Oracle ERP
Project Compass – Oracle ERP • Finance and 3 operating units on Oracle - Technical issues with WA • Automotive SA due to move on to Oracle in July • Rapid rollout across the business over the next 12 months