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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
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Neil Stothard Group Managing Director Mike Holt Group Finance Director
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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
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Revenue£76.0m+24% Profit before tax£12.1m+55% Profit margin15.9%+25% Performance Summary
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Growth, absent major acquisitions Strong capital investment Selective acquisitions Remediation demand AMP4 strong Weak rail market International expansion Highlights
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Spread of Markets
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Strength Through Diversity
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Segmental Analysis
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Capital Expenditure
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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
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Excellent Business Momentum Revenue (£m) Operating Profit (£m) Actual Brewin Dolphin Forecast
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Financial Highlights
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Earnings and Dividend per Share
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Balance Sheet
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Operating Cash Flow
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Cash Flow
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Net Debt Position
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Quality Returns Operating Margin (%)Return on Average Capital Employed (%) Earnings per share (pence)Dividend per share (pence) Actual Brewin Dolphin Forecast
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Total Shareholder Return
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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
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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
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