Gr Engineering Services Ltd · ASX:GNG
Gr Engineering Services — Shareholder Meeting (November 2024)
14 slides from Gr Engineering Services's shareholder meeting presentation, Nov 27, 2024
Slide 1: GR Engineering Services Limited Investor Presentation
Providing global mineral processing solutions ASX:GNG ASX:ABC GR Engineering Services Limited Investor Presentation 27 November 2024
Slide 2: Group FY24 Results
Group FY24 Results The Group reported FY24 revenue of $424.1 million ($551.4 million) and EBITDA of $50.9 million ($44.4 million). During FY24: - GR Engineering successfully delivered multiple major projects, including the world class Thunderbird Mineral Sands Project, Bellevue Gold Project and
Slide 3: Group FY24 Results (cont'd)
Group FY24 Results (cont’d) The Group Total Reportable Injury Frequency Rate for FY24 was 2.11. One LTI was recorded during the year. The Board resolved to declare a fully franked dividend of 10.0 cents per share, (total FY24 fully franked dividends: 19.0 cents per share). The Group’s annual div
Slide 4: FY24 Group Results
FY24 Group Results Earnings Balance Sheet & Cash Flow Revenue Cash $600m $90m $400m $60m FY23 FY23 FY24 FY24 $200m 551.4 $30m 86.0 424.1 74.6 $0m $0m EBITDA Net Assets $60m $80m $60m $40m FY24 FY23 $40m FY24 FY23 $20m 50.9 44.4 66.3 $20m 59.7 $0m $0m PBT Total Dividends (Fully Franked) $60m 20cps 15
Slide 5: EBITDA and Dividend Performance
EBITDA and Dividend Performance 20 60 18 50 16 14 40 CPS (Cents per share) 12 10 30 $m 8 20 6 4 10 2 0 0 1 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Dividends (cps) EBITDA $m 1) FY20 EBITDA is based on underlying EBITDA after adjusting for one-off abnormal items GR Engineering Services (ASX:
Slide 6: Balance Sheet
Balance Sheet Strong balance sheet maintained at 30 June 2024. At 30 June 2024, the Group held a cash balance of $74.6 million (30 June 2023: $86.0 million) with negligible external bank debt. At 30 June 2024, the Group had significant headroom on its combined bank guarantee and bonding facili
Slide 7: Mineral Processing – GR Engineering
Mineral Processing – GR Engineering GR Engineering’s major design and construction order book of current work includes: Company Project Type ($’m) Evolution Mining Limited Mungari Future Growth EPC 155 Project K92 Mining Ltd Kainantu Gold Mine – 1.2 EPC USD81 Mtpa Process Plant Liontown Resources
Slide 8: Energy – GR Production Services (GRPS)
Energy – GR Production Services (GRPS) GR Production Services (GRPS), generates longer term operations and maintenance (O&M) services revenue alongside project work. GRPS’s contracted pipeline includes, but is not limited, to the following key projects: Company Project Start Contract Term Est. $’m
Slide 9: Process Controls – Mipac and Paradigm
Process Controls – Mipac and Paradigm Mipac and Paradigm are leading global providers of control systems, operational technology and engineering services primarily in the mineral processing, energy and water industries. On 13 March 2024, Mipac acquired Paradigm, a provider of control systems and
Slide 10: Environmental Social Governance (ESG)
Environmental Social Governance (ESG) As part of the Group’s ESG framework, we: - Support our communities, including: - Promote and encourage diversity in our workforce and operations. We recognise that a diverse workforce is a contributor to the business achieving its strategic objectives. - Regu
Slide 11: Outlook
Outlook The Group has a solid orderbook and pipeline of opportunities. The Group is currently working on a high volume of studies across a broad range of commodities and geographies and is involved in multiple active tender opportunities. The Group continues to work with the energy sector to sec
Slide 12: Corporate Profile
Corporate Profile Capital Structure Share Price History Shares on issue m 167.0 3.00 1600000 2.50 1400000 Share price (GNG.ASX) (19 Nov 2024) $ 2.14 1200000 2.00 1000000 Market Capitalisation $m 357.4 1.50 800000 1.00 600000 Cash (30 Jun 2024) $m 74.6 400000 0.50 200000 Debt (30 Jun 2024) (excluding
Slide 13: Contact Details
Contact Details Tony Patrizi Key locations Managing Director GR Engineering 71 Daly Street Level 38, 111 Eagle Street +61 8 6272 6000 Ascot WA 6104 Brisbane QLD 4000 PO Box 258 +61 7 3838 8000 tony.patrizi@gres.com.au Belmont WA 6984 +61 8 6272 6000 Level 11, 99 St Georges Terrace 7225 N O
Slide 14: Disclaimer
Disclaimer RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL INFORMATION This presentation may contain information that has been derived Nothing in this presentation should be construed as either an offer Throughout this presentation, there are occasions wh
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