PACIFICA GROUP LIMITED

1

• PACIFICA GROUP LIMITED
• FINANCIAL RESULTS FOR THE
• HALF YEAR ENDED 30 JUNE 2001

2

• HIGHLIGHTS
• US Automotive strong
• Australian Automotive softer
• Partial recovery in Construction
• Sale of Plastics

3

• AGENDA
• Summary Financials
• Sale of Plastics
• Construction Products
• Automotive
• Outlook
• Strategic Direction

4

SUMMARY PL

Millions 1st Half
01 1st Half 00 Change
Revenue 615.6 536.0 14.8 EBIT 42.3 39.8 6.1
Profit after tax 16.3 16.8
(3.3) EPS (cents) 10.9 c 11.5 c
(5.2) DPS (cents) 8.5 c 8.5 c Franking
() 81 60 Underlying Tax Rate
() 27.3 32.4 Note All comparisons reflect
2000 pre abnormals
5

SALES ANALYSIS BY DIVISION
2000
2001
6

EBIT ANALYSIS BY DIVISION (Pre 2000 Abnormals)
2001
2000
7

CASH FLOW / DEBT / CAPEX

1st Half
01 1st Half 00
Operating Cash Flow ( millions)
40.8 67.9 Capex ( millions) 36.9 57.0 Capex
Depreciation 1.1 times 1.9
times Gearing 62.4 61.3 Note Pre sale
of Plastics
8

CASH FLOW

1st Half
01 1st Half 00

• Operating Cash Flow ( millions)
  40.8 67.9
• On budget performance
• Difference between periods all relates to
  Automotive
• Structural issues apply

9

SALE OF PLASTICS

Millions

Sale Proceeds 44.5 Debt Removed from Balance
Sheet 29.6 Profit on Sale 3.4 Reduced
Gearing -11 Nominally EPS dilutive in H2
10

• CONSTRUCTION PRODUCTS - MAIN ISSUES
• Performances differ considerably by region
• Webforge Asia positive
• Webforge Aust/NZ in line with expectations
• Lionweld Kennedy remains an issue
• Lionweld Middle East growing strongly
• Melwire relocation issues continued in H1

11

• AUTOMOTIVE - MAIN ISSUES
• US market - held firm
• Knoxville - increased volumes and improved
  production efficiencies
• Columbia - ramp up delay
• Australia - domestic solid but exports to US soft
• Asia - maintained performance

12

GEOGRAPHIC SALES ANALYSIS - AUTOMOTIVE
2000
2001
13

GEOGRAPHIC EBIT ANALYSIS - AUTOMOTIVE
2001
2000
14

• OUTLOOK - H2 and Beyond
• US market should hold
• Columbia new programs in H2
• Domestic market - domestic solid but exports to
  US soft
• Further ahead
• Corvette corners commences late 2002
• Toyota commences mid 2002
• Reorganisation has enhanced capability to gain
  business
• Target markets Japan and the US

15

• STRATEGIC DIRECTION
• Evolution into an industrial technology company
• Growth
• New technology
• Faster innovation
• Enhance shareholder value