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JPE INDUSTRY

JPE INDUSTRY REVIEW NIGHT Presented by: Hagop Tchamkertenian Manager, Industry & Commercial Policy Printing Industries Association of Australia. JPE INDUSTRY. REVIEW NIGHT. •. Developments in the. industry during financial. year 2002-2003 and. over recent years. •. Latest data from.

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JPE INDUSTRY

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  1. JPE INDUSTRY REVIEW NIGHT Presented by:Hagop TchamkertenianManager, Industry &Commercial PolicyPrinting IndustriesAssociation of Australia

  2. JPE INDUSTRY REVIEW NIGHT • Developments in the industry during financial year 2002-2003 and over recent years • Latest data from Printing Industry Trends Report and Industry Benchmarking study • Industry Prospects for 2004 and beyond

  3. Industry Conditions How good are we doing? • Compared to 2002 how was 2003? • Good • Average • Bad

  4. Importance of Our Industry A Historical Context • A ranking of the 100 most influential persons in history shows: • Ts’ai Lun inventor of paper at number 7 • Johann Gutenberg “father of printing” developer of movable type at number 8 • Gutenberg’s invention facilitated an easier exchange of ideas throughout Europe and helped spread the ideas of the Renaissance

  5. Importance of Our Industry A Historical Context • Printing has been the principal vehicle for the conveying of ideas during the past 500 years • In Australia the printing industry was one of the earliest industries to emerge after white settlement • Industry icon – John Sands was founded in 1837 and was the 2nd company to be registered in Australia after the Bank of NSW

  6. Industry Significance Current Demographics • 5,000 plus firms • Employment of more than 115,000 • Turnover of more than $17 billion • Industry value added of more than $8.5 billion • Exports of nearly $600 million • Average annual capital expenditure of $724 million • Physical presence in every region

  7. How fast did we grow? ABS Data

  8. How fast are we growing now? ABS Data

  9. Tortoise or hare? ABS Data

  10. Recession… technically speaking ABS Data

  11. Investment Trend Downward ABS Data

  12. Contrasting Trends ABS Data

  13. Depressed sales ABS Data

  14. Booming profits? Read the fine print ABS Data

  15. Subdued cost pressures ABS Data

  16. Falling selling prices ABS Data

  17. Margins once again tighten ABS Data

  18. Business expectations remain positive Printing Industry Trends data

  19. Investment intentions strengthen Printing Industry Trends data

  20. Utilisation rates improve Printing Industry Trends data

  21. Lack of orders less of a problem Printing Industry Trends data

  22. Production improves Printing Industry Trends data

  23. So does sales Printing Industry Trends data

  24. Selling prices fall Printing Industry Trends data

  25. Profits improve Printing Industry Trends data

  26. Debtors profile worsens Printing Industry Trends data

  27. Low margins Benchmarking data

  28. For many printing ≠ good returns Benchmarking data

  29. Up for some, down for others Benchmarking data

  30. The key to profitability Benchmarking data

  31. The higher the better Benchmarking data

  32. Does idle capacity await you? Benchmarking data

  33. Cash flow gap – 26 days! Benchmarking data

  34. INDUSTRY FORECASTS Paper and Paper Product Manufacturing Printing and Services to Printing Publishing Source: Econtech

  35. Forecasts and Prospects • Improvements in printing industry economic conditions anticipated during 2004 • Pick up expected in advertising expenditure • 2004 is an election year • Further rationalisation and industry consolidation inevitable • Possible improvements in capacity utilisation rates • Possible reversal in labour force downsizing

  36. Forecasts and Prospects • Exports and import replacement efforts will remain at the mercy of currency movements • Currency probably has reached its peak and will begin to depreciate • Capital expenditure likely to continue recent trend meaning it is unlikely to reach past peaks • Selling prices to continue to be driven down for traditional areas of printing • Targeted customisation campaigns to continue to overtake mass marketing campaigns • Benchmarking takes off!!!

  37. Industry Expectations: How well are we going to do? • Compared to 2003 how will 2004 be? • Good • Average • Bad

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