Baxter Group Limited Integrated Waste Management Company

1
Baxter Group LimitedIntegrated Waste Management
Company

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• Presenter Polly Mazaris
• Chief Executive Officer/Managing Director
• Phone [phone] Fax [phone]
• Email polly_at_baxgroup.com.au
• PRESENTATION in Sydney at Goldman Sachs JBWere
  Group
• Date 11th May 2005

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Introduction

• The Baxter Group is a fully integrated waste
  management company, operating in the South
  Eastern suburbs situated approximately 20 kms
  from Melbourne CBD.
• The operations consist of
• Putrescible Landfill Site Fraser Road Clayton
• Putrescible Landfill Site Deals Road Clayton
• Inert Landfill Site Victory Road Clayton
• Green Cell Deals Road Clayton
• Sand Mining Operation Victory Road Clayton
• Soil blending creation of soil enhancement
  products Victory Rd Clayton
• Bin Hire Operation Victory Road Clayton
• Baxvis (Baxter Group Ltd Visy Paper) Joint
  Venture Resource Recovery Operations at Victory
  and Fraser Roads Clayton landfill sites

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Landfill Sites
Fraser Road Landfill
Victory Road Landfill
Deals Road Landfill
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Organisational Structure

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Key Features

• Site locations for putrescible and inert
  landfills
• Statutory permits/licenses for all sites and in
  particular holding two putrescible licenses under
  the Two Tip Policy under the South Eastern
  Regional Waste Management Groups Waste
  Management Plan
• Ability to share facilities and plant thus
  providing for reduced costs and increased revenue
• Complimentary Businesses
• Qualified and experienced personnel
• Payment of strong fully franked dividends

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South Eastern Region
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Growth Prospects

• Active indentification of substantial growth in
  the operation.
• Continued pursuit for additional acquisitions to
  enhance our business.
• Expansion of Bin Hire Division with the recent
  acquisition of the Dumpmaster Business.
• Continual upgrade of sand mining infrastructure.
• Green Cell developments at Deals Road land fill
  site.
• Creation of soil enhancement products

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Baxvis Joint Venture

• BaxVis the Joint Venture formed with Baxter Group
  Limited and Visy Paper has progressed
  substantially since announcement to the Market.
• Extensive global research for best methods and
  equipment suited for the recovery of recyclable
  products specific to Baxters waste stream.
• Waste Audit undertaken which identifies
  substantial quantities that are able to be
  recovered from waste to landfill.
• The Resource and Recovery operation commenced at
  Fraser Road site in late April 2005.
• Construction of the Resource and Recovery
  facility at Victory Road is well under way and is
  scheduled for completion in June 2005.

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Key BenefitsResource Recovery Operations
Green Cell Trials

• Gate fees will be received at all times from both
  putrescible and inert landfill sites by Baxter
  Group Ltd.
• Preservation of airspace, thus providing for
  longevity to the sites lifespan and in addition
  providing for future increases in gate fees.
• EPA landfill levy rebates on all waste recovered
  and diverted from landfill.
• Additional revenue stream from sale of various
  recyclables.
• Green Cell
• 1. Diversion of green waste currently being
  sent to landfills.
• 2. Opportunity to convert green waste to soil
  enhancement products.
• 3. Opportunity to create perpetual airspace
  within the Green Cell.

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Financial Result Year to date 31 March 2005

• REVENUE Increase of 28.3 at
  24.659 million
• EBITDA Increase of 38 at
  11.895 million
• NPAT Increase of 47.5 at
  5.360 million

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Conclusion

• Baxter is a long established business with a
  prominent location and a strong and experienced
  management team.
• Baxter operates in a stable and regulated
  environment, that is providing an essential
  service unlikely to be affected by economic
  decline.
• Resource and Recovery Joint Venture with a strong
  and internationally recognised partner, Visy
  Paper,providing the ability to generate
  additional revenue streams and the preservation
  of airspace assets of the Company.
• Green Cell trial program for the alternative
  treatment of green waste.
• Baxter has indentified positive cash flows with
  proven and continual growth prospects.