Tomkins 6-K 2009
SECURITIES AND EXCHANGE COMMISSION
Report of Foreign Issuer
Pursuant to rule 13a-16 or 15d-16 of
For the month of October/November 2009
(Translation of registrant's name into English)
East Putney House, 84 Upper Richmond Road,
Form 20-F...X..... Form 40-F........
Indicate by check mark whether the registrant by furnishing the information
Exhibit No. 1
Exhibit No. 3
16 October 2009
Exhibit No. 4
30 October 2009
Exhibit No. 5
Tomkins announces that following his appointment as CEO of QinetiQ, Leo Quinn is to step down from the Board with effect from 3rd November 2009.
Mr. Quinn has served as a non-executive Director since July 2007 and the Board would like to express its sincere thanks to him for his contribution and effort to the Board and for his Committee work since he joined Tomkins.
London, Thursday 5 November 2009
Interim Management Statement
Tomkins, the global engineering and manufacturing group, sets out below its Interim Management Statement covering the period from 5 July 2009 to 4 November 2009, and provides an update on the end market outlook for the remainder of 2009 and 2010.
James Nicol, Chief Executive Officer, commented:
“Conditions in some of our end markets appear to have stabilised. Our performance has been positively impacted by our restructuring initiatives, which we are executing according to plan. As a consequence, we have seen month-on-month improvement in our financial performance. Our cash generation remains strong, with net debt down $121.7 million to $394.2 million since the end of the first half. Although demand side visibility remains limited, we expect the second half of 2009 to be better than the first half of the year.”
Bathware, which serves the North American residential construction market, also benefited from a stabilisation in end market volumes, along with increased benefits from restructuring initiatives which are now complete. Bathware generated a modest profit in the quarter.
Project Eagle and Project Cheetah
Financial Position (unaudited)
End-Market Outlook for the remainder of 2009 and 2010
Set out below are our expectations for our end-markets for the fourth quarter of 2009 compared to the third quarter, and year-on-year for 2010. Although there are signs of some stabilisation in most of our end markets, demand-side visibility remains limited and there is still uncertainty about the strength and timing of any meaningful economic recovery. With our strong balance sheet and ongoing focus on cash and expense management, however, our businesses are well positioned to take advantage of any recovery in our end markets.
The share of Group sales shown below is based on sales of ongoing business segments for the 12 months ended 3 October 2009.
Industrial Original Equipment markets in North America are expected to remain flat in the fourth quarter of 2009. Industrial Replacement markets are expected to show some improvement in the fourth quarter, in line with general industrial activity. No further inventory adjustments at our customers are
European markets are expected to demonstrate a similar trend to the North American markets.
Industrial activity across the remainder of Tomkins’ geographies, and in particular in the agriculture and construction sectors, is expected to continue to be weak for the remainder of 2009. This is expected to be partially offset by continued good performance throughout the Indian and Chinese markets. Brazil is also showing some early signs of recovery.
Industrial Original Equipment markets in 2010 are expected to benefit marginally from the ending of inventory adjustments, leading to mid single-digit growth. In the Industrial Replacement markets, industrial activity is expected to improve gradually, in line with increases in industrial activity.
The global automotive aftermarket is expected to remain broadly flat. In 2010, growth is expected to be broadly in line with GDP.
Automotive Original Equipment (“AOE”)
Fourth quarter global Automotive Original Equipment (“AOE”) production is expected to grow around 5%, reaching 54 million units for 2009 as a whole. ~
North American AOE production is expected to grow by around 15% in the last quarter of 2009, and reach a full year level of approximately 8.5 million units.
European AOE production is expected to grow by mid single digits, reaching 16.5 million units for the full year.
Fourth quarter AOE production in China and India is expected to grow by low single digits.
In 2010, Global Automotive production is expected to grow by approximately 10%, with 15% growth in North America based on higher production and low inventory levels. European production is expected to remain broadly flat, with the rest of the Group’s markets, most notably China and India, expected to grow by mid single digits.
Non-Residential Construction (17.4% of Group sales)
US Non-Residential Construction is expected to continue declining in the fourth quarter, with full year square feet down 40% and 30% in value terms. In 2010, further declines of around 10% are expected in both square feet and value.
Residential Construction (8.5% of Group sales)
US Residential Construction, as measured by housing starts, is expected to remain flat for the remainder of the year at an annualised rate of 600k new houses, and to grow by around 25% in 2010.
Other markets include manufactured housing and recreational vehicles and in total account for 1.5% of Group sales.
Notes to editors
Tomkins is a global engineering and manufacturing group with market and technical leadership across two business groups: Industrial and Automotive and Building Products. Tomkins plc’s ordinary shares are listed on the London Stock Exchange under the symbol TOMK and also trade in ADR form on the New York Stock Exchange under the symbol TKS.
Tel +44 (0) 20 8877 5163 Tel +44 (0) 20 7251 3801
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Forward-looking statements are identified by the words “expect”, “believe”, “intend”, “anticipate”, “estimate”, “will”, “may”, “could”, “should” and similar expressions. Under the safe harbour provisions of the US Private Securities Litigation Reform Act of 1995, the Company cautions that any forward-looking statements made by the Company, including those made in this announcement in relation to the outlook for 2009 and 2010, are subject to risks and uncertainties that may cause actual results to differ materially from those predicted. Risks and uncertainties that may affect the Group’s operations include, but are not limited to, those described in the Company’s Annual Report on Form 20-F and in other filings with the US Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Exhibit No. 7
Exhibit No. 8
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Acquisition of shares under the Tomkins Dividend Reinvestment Plan
Tomkins plc (the "Company") hereby gives notice of the following increases in the beneficial interests in ordinary shares of 9 US cents each in respect of the undermentioned Directors and Persons Discharging Managerial Responsibility. The acquisitions of shares in London at a price of 180.00 pence per share on 19 November 2009 represent the take-up of entitlements under the Tomkins Dividend Reinvestment Plan in relation to the
interim dividend of 3.50 US cents per ordinary share for the six months ended 4 July 2009. The Company received confirmation of the transactions on 23 November 2009.
Denise Burton (Company Secretary)
+44 (0)20 8871 4544
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 2 November 2009
By: /s/ Denise Patricia Burton