Download - AHG Limited

2012 Annual Report
For the year ended June 2012
Logistics Segment Operating 1 Results
Consolidated
FY11 ($m) FY12 ($m) % change
Revenue
Transport and Cold Storage 201.6 325.2 61.3%
Other 2 210.4 386.9 83.9%
412.0 712.1 72.8%
EBITDA
Transport and Cold Storage 19.8 29.8 50.5%
EBITDA Margin 9.8% 9.2%
Other 2 9.2 16.5 79.3%
EBITDA Margin 4.4% 4.3%
29.0 46.3 59.7%
1
Operating excludes impairment, stamp duty and other fees associated with acquisition related activities
2
Includes AMCAP, Covs, KTM, VSE/GTB and Zupps Parts
Harris enhances the capacity of Rand
Transport by offering increased service
capabilities for existing customers and a
complementary geographic footprint and
customer base.
Harris’ expertise in road transport
complements Rand’s existing rail capacity
and allows it to transport fresh produce in
addition to frozen and chilled product.
Automotive Parts
AMCAP
AMCAP has been a major distributor of
automotive parts in Australia for 45 years.
The business unit has achieved significant
growth over more than three decades,
including accommodating elements of the
Covs business during the past 12 months.
Covs successfully migrated its IT system
across to the AMCAP platform, achieving
significant synergies and the benefits of scale.
AMCAP’s modern, purpose-built storage and
distribution facilities include a warehouse
storage area of 22,000sqm, which together
with Covs new warehouse will increase to
33,000sqm on a site spanning 66,000sqm.
AMCAP can warehouse a range of products
and meet specific client requirements as a
true 3rd and 4th party logistics operation.
It provides services vital to the management
of today’s increasingly complex supply
chain in terms of sales and marketing, data
warehousing, on-line inventory management,
radio frequency based ‘paperless’
warehousing and a quick response
distribution service.
AMCAP’s telephone call centre handles
more than one million calls per annum
from customers in addition to having 400
customers directly on-line to the AMCAP
computer system for order placement
and enquiry.
AMCAP’s portfolio of franchises includes
3M Products, AMCAP Truck and Trailer Parts,
Ford, Fuso, Holden, HSV, Hyundai, Iveco, Kia,
Mitsubishi, PPG Automotive Refinish, Subaru,
and Suzuki.
COVS
Covs has been a leading supplier of
automotive, industrial and mining parts
and accessories in Western Australia since
the 1930s.
Covs sells genuine automotive parts and
a full range of aftermarket parts and
accessories and is one of the largest mining
and industrial supply companies in Western
Australia, offering its clients a diverse range
of products, a statewide presence and
experienced and knowledgeable staff.
Acquired by AHG in July 2011, Covs employs
approximately 430 people and has 27
strategically located branches across Perth
and country Western Australia, many of
which are located close to WA mining and
agriculture operations.
The acquisition provides both Covs and
AMCAP with many synergies by way of
15