Somero Enterprises Inc (LON:SOM) investor presentation (c.50 mins)
http://www.piworld.co.uk/2017/06/14/somero-som-invester-presentation-june-2017/
by CEO, Jack Cooney, and CFO, John Yuncza.
Audio and slides only.
Jack Cooney, CEO:
Why laser screed? – 00:16
Somero unique selling points – 00:49
Training & client support – 3:00
A Somero customer – 5:50
Applications of laser screed – 6:45
End users – 7:31
The important of specifications by multinationals – 10:10
Key differentiators – 11:28
Competition – 12:33
The machines – 14:30
Reconditioned machines – 17:27
John Yuncza, CFO:
Financial highlights – 9:12
Operational highlights – 20:50
Sales by territory – 22:48
Sales by product – 23:38
Operating results – 24:27
Balance sheet – 26:36
Cash flow – 27:25
Current trading and outlook – 28:00
Q&A – 33:25
After sales revenues? 33:29
Political uncertainty in trading update? – 35:07
How has the year been going? – 37:28
Sales in Asia? – 39:07
Equipment finance options? – 41:43
Sales to equipment rental companies? – 43:18
Finance currency? – 45:49
European sales? – 46:20
Operating expense & revenue? – 47:58
Fixed & variable costs? – 49:30
Weather? – 50:15
I thought these guys came across as pretty straightforward, no BS types. I'm much happier to hear someone say they don;t know the answer to a question (exactly why construction was flat in the US early this year) than spin a story. I am happy to hold, and even topped up a little on recent drop.
