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SubZero Group Ltd, Half Year Results Presentation

Market Conditions
Tough Six Months but Positive Outlook
-  Coal production continues to increase in the Hunter Valley, exports through the Port of Newcastle up by 9.6% in FY13 on previous year;
-  Long term view on coal price & A$ provides positive market settings;
-  Capital expenditure for “yellow iron” is dramatically down over the previous 5 years;
-  Shift in focus from capex to opex, but cash preservation by customers is paramount;
-  Maintenance backlog will translate into R&M “up tick”, supported by customer forecasts;
-  Strong order book with SZG continuing to win new contracts and re-sign existing contracts;
-  OEM and third party competitors have dramatically reduced capability in the Hunter Valley.
To view Presentation please download PDF below:
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