Vp plc The Equipment Rental Specialist Interim Results for the six months ended 30 September 2007 Rental and sale of specialist products and services to construction, civil engineering, rail, oil and gas exploration, events and industrial markets
Neil Stothard Group Managing Director Mike Holt Group Finance Director
Vp Investment Case Specialist rental business Diversified market exposure Market leading positions Strong value added service element Double digit earnings growth potential Building sustainable capabilities Consistent performer with quality returns
Revenue£76.0m+24% Profit before tax£12.1m+55% Profit margin15.9%+25% Performance Summary
Growth, absent major acquisitions Strong capital investment Selective acquisitions Remediation demand AMP4 strong Weak rail market International expansion Highlights
Spread of Markets
Strength Through Diversity
Segmental Analysis
Capital Expenditure
Growth Strategy Progressing Well Substantial earnings growth Sales increase largely organic Significant capital investment Return on investment improved further Acquisitions : Cool Customers and ET Hire Acquisitions post half year end : First Engineering Rail Plant, USS, PTA and Able Safety
Excellent Business Momentum Revenue (£m) Operating Profit (£m) Actual Brewin Dolphin Forecast
Financial Highlights
Earnings and Dividend per Share
Balance Sheet
Operating Cash Flow
Cash Flow
Net Debt Position
Quality Returns Operating Margin (%)Return on Average Capital Employed (%) Earnings per share (pence)Dividend per share (pence) Actual Brewin Dolphin Forecast
Total Shareholder Return
Investing into organic growth opportunities Acquisitions will continue to play a part Balance sheet strength allows further leverage Consistent strategy to lead in our chosen markets Our diversity of market exposure provides resilience Growth plans remain on course Outlook
Vp plc The Equipment Rental Specialist Interim Results for the six months ended 30 September 2007 Rental and sale of specialist products and services to construction, civil engineering, rail, oil and gas exploration, events and industrial markets