Lloyds North High Performance Logistics

Chairman's Report

The financial year just finished posed business challenges the like of which none of us have had experience in confronting. The hope is that the worst is behind us and some stability will return to the market place.

Importantly, both Lloyds North and Caltas have been able to respond to the changed trading conditions extremely positively and the Board is confident that the necessary initiatives that have been introduced will see our position strengthen during 2009/2010.

During the course of the year, we met regularly with our major customers to reinforce the message that nothing would deter us from fulfilling our commitments to them and that the Group was determined to meet the financial crisis head on and enhance its reputation as a quality service provider. The pleasing aspect that came from those meetings was the genuine regard in which they held all with whom they came in contact from Lloyds North and Caltas.

The commitment of the Byron Bonney Group Board is to always strive to grow the businesses whenever opportunities are on offer, to provide all who work within the Group a harmonious workplace and by these means doing all that we can to ensure expanded employment and promotional opportunities for Tasmanians.

A J Pedder
Chairman

CEO Report

Over the past 3 years the Byron Bonney Group (BBG) has developed as a vibrant, emerging organisation that has demonstrated a capacity to execute business strategies to meet growth targets whilst continuing to implement improvement programs to its business systems.

During the course of the past year the world has felt the effects of the Global Financial Crisis and I am pleased to report that for the 2008/09 reporting period, the Byron Bonney Group result surpassed that of the previous financial year.

Lloyds North has significantly improved its profitability from operational enhancement, gaining new contracts and reducing costs through efficiencies and restructure.

The Management team with support from the Board has implemented a range of strategic initiatives which were executed over the past 12 months. These initiatives have provided a solid platform from which to address problem areas and identify growth opportunities.

P Molineux
Chief Executive Officer