Download presentation
Presentation is loading. Please wait.
Published byShon Carroll Modified over 9 years ago
1
Preliminary Results 2008 Jeremy Pilkington - Chairman Neil Stothard – Group Managing Director Mike Holt – Group Finance Director Vp plc - The Equipment Rental Specialist
2
Performance summary
3
Operational Review
4
Operational highlights Operating profits 41% up at a margin of 15.6% Excellent organic profit growth (82%) Strong capital investment - £43m on rental fleet 8 acquisitions - £11m Strong remediation demand in summer AMP4 buoyant Weak rail market International expansion
5
Strength through diversity Mix Construction39% Civil Engineering14% Rail11% Housebuilding10% Oil & Gas9% Facilities Management5% Events4% Transmission3% Other5% TOTAL100% Experience in 07/08Current Status/View Stable StrongStable WeakImproving StrongWeakening Strong WeakImproving Stable
6
Business performance
7
Investing for future growth Groundforce –Acquisition of ‘U’ Mole trenchless systems business –Expansion into Ireland including acquisition of USS and PTA –Acquisition of Redding Hire Hire Station –9 new locations for tools including acquisition of ET Hire and DJ Tool Hire –Development of ‘virtual hire’ concept –Growth of Climate Hire business and Arcotherm acquisition –Acquisition of NSS and Able safety businesses Airpac Bukom –International hub expansion and capital investment programme
8
Investing for future growth UK Forks –Fleet expansion (+13%) to meet growing demand in general construction and reducing reliance on housebuilding sector TPA –Development of MD40 lightweight roll out roadway –Further penetration /investment in Germany Torrent –Acquisition of First Engineering rail plant fleet with 3 year supply agreement
9
Investing for future growth Capital Expenditure
10
Growth strategy progressing well Continued organic growth –Significant net capital investment (2 x depreciation) –Increasing ‘share of wallet’ Complementary/bolt on acquisitions –New products (U-Mole) –New markets (Cool Customers, Arcotherm, NSS, PTA, USS) –Consolidations (ET Hire, DJ, Redding, Able, FEL) International expansion –Oil and gas hubs (Sharjah, Curaçao and Perth) –Ireland (Groundforce and Hire Station) –Germany (TPA)
11
Financial Review
12
Financial highlights
13
Earnings and dividend per share
14
Components of profit growth (39%)
15
Robust balance sheet
16
Strong cash flow and re-investment
17
Increased net debt but modest gearing
18
Quality returns Operating Margin (%)Return on Average Capital Employed (%) Earnings per share (pence)Dividend per share (pence) CAGR = 26% CAGR = 20%
19
Financial summary Pre tax profit growth +39% Operating margins 15.6% Operating cash flows +42%
20
Summary
21
Resilient business model Strong and growing market positions Diverse offering provides resilience to individual market fluctuations Adding value through products, services and operating efficiency Prior year initiatives and acquisitions provide continuing momentum Balance sheet strong - capacity as required Acquisitions will continue where value is identified Continued profitable growth despite challenges Current year has started well
22
Excellent business momentum and consistency Revenue (£m) Operating Profit (£m) CAGR = 15.6%CAGR = 26.8%
23
Shareholder return Vp Total Shareholder Return
24
Preliminary Results 2008 Vp plc - The Equipment Rental Specialist
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.