Slide 1: FY22 Results Presentation
DURATEC LIMITED FY22 RESULTS PRESENTATION 22 AUGUST 2022
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER T This presentation has been prepared by Duratec Limited (ACN 141 614 075) ("Duratec", "Duratec Group" and the "Company"). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment
Slide 3: Business Overview
BUSINESS OVERVIEW Leading Australian engineering, construction and remediation contractor • Specialist technical expertise in upgrading and extending the life and use of infrastructure in multiple market segments • Key business drivers: • Aged infrastructure, • Poor original construction (defects),
Slide 4: Business History
BUSINESS HISTORY Duratec’s Historic Growth 4 Duratec Limited – FY22 Results Presentation – 22 August 2022
Slide 5: FY22 Summary
FY22 SUMMARY Well positioned to deliver strong growth in FY23 A year of contrasting halves • Four months of COVID-19 lockdowns in H1 FY22 presented challenges and impacted on the H1 FY22 financial performance • With more normal operating conditions in H2 FY22, Duratec recovered to deliver a strong f
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT National leader with experienced board and management Capital Structure Share Price and Volume – FY22 ASX code DUR 7,000,000 $0.60 6,000,000 $0.50 Volume (M shares) Shares on issue 240.5m Close Price ($) 5,000,000 $0.40 4,000,000 Share price as at 19 August 2022 39.0c $0.30 3,000,
Slide 7: Financial Results
Financial Results
Slide 8: FY22 Financial Highlights
FY22 FINANCIAL HIGHLIGHTS Resilient result in a challenging year EPS Revenue1 EBITDA2 NPAT 3.2 cents per share $310.0m $19.3m $7.8m Dividend3 Up from $235.7m in FY21 Margin 6.2% Up from $7.1m in FY21 2.0 cents Per share, fully franked Cash Order Book Tenders Pipeline3 $58.3m $458.2m $701.0m $1.72b N
Slide 9: FY22 Financial Result Comparison
FY22 FINANCIAL RESULT COMPARISON Very strong H2 FY22 compared with H1 FY22 Revenue H2 EBITDA H2 NPAT H2 Final Dividend $180m $14.3m $7.1m 1.5 cents Up 38% Up 186% Up $6.4m Total 2 cents p/s Revenue H1 EBITDA H1 NPAT H1 Interim Dividend $130m $5.0m $0.7m .5 cents Cash H2 Order Book H2 Tenders H2 Stro
Slide 10: FY22 Financial Result
FY22 FINANCIAL RESULT Strong result brought about by record H2 • FY22 was a financial year of two halves. FY22 FY21 Variance • First half (H1) • Financial performance adversely affected by COVID-19 and lockdowns, particularly Revenue $310.0m $235.7m 31.5% on the East Coast Reported EBITDA $17.8m $15
Slide 11: DDR Australia Pty Ltd (DDR)
DDR AUSTRALIA PTY LTD (DDR) Significant contributor in FY22 • Equity accounted investment owned by Duratec (49%) and Hutcheson & Co Holdings Pty Ltd (51%) • Provides meaningful work and training opportunities to Aboriginal and Torres Strait Islander peoples • Delivered $72.6m in Supply Nation-certif
Slide 12: Operational Highlights
Operational Highlights Suewrec
Slide 13: FY22 Projects Delivery
FY22 PROJECTS DELIVERY Key sector and project overview Core Service Offerings FY22 Projects Defence RAAF Base Richmond works, Fisherman's Bend building refurbishment, Gallipoli Barracks fuel installation works, HMAS Stirling works, Oakey fire safety, RAAF Pearce building & electrical, RAAF Williamto
Slide 14: HSECQ Overview
HSECQ OVERVIEW Continuous improvement and working towards best practice • 2 Lost Time Injury (LTI) recorded in FY22 • Established Safety Culture Committee to escalate and address issues across the business • Mental Health First Aid Training ongoing to better equip team leaders • Federal Safety Accre
Slide 15: Sector Operational Outlook
SECTOR OPERATIONAL OUTLOOK Strong activity across key sectors Defence • Sustainment spending forecast to increase to $24b by FY30 Mining & Industrial • Teams well positioned nationally to meet increasing demand for remediation and life extension of ageing infrastructure • Clients increasingly focuse
Slide 16: Outlook
DUYRAST EC
Slide 17: Order Book and Pipeline
ORDER BOOK AND PIPELINE Diversified across industry sector and geographies, and growing 17 Duratec Limited – FY22 Results Presentation – 22 August 2022
Slide 18: Positive Business Outlook
POSITIVE BUSINESS OUTLOOK Well positioned for growth in FY22 • Key macro themes and demand drivers that support Duratec’s organic growth continue in all market segments and geographical locations • People • Duratec’s employees are integral to our success • Attracting and retaining employees of a div
Slide 19: Case Studies
Case Studies
Slide 20: Central Park Project - Perth
Central Park Project - Perth Building & Facade refurbishment underway Scope • Full facade enhancement by way of removal of circa 26,000sqm of facade panels from the spandrel, columns, parapets and lift overrun zones. • Replacement of all facade panels introducing tonal colour variations of metallic