Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (August 2023)
35 slides from Saunders International's investor presentation, Aug 30, 2023
Slide 1: Investor Presentation
Investor Presentation Mark Benson Managing Director & Chief Executive Officer Brett Gregory Chief Financial Officer 29 August 2023 1
Slide 2: Acknowledgement of Country
We acknowledge the Traditional Owners and Custodians of Country throughout Australia. We pay our respects to all First Nations peoples and acknowledge Elders past and present. As a business that works across many locations, we recognise and support their continuing connection to lands, waters, cultu
Slide 3: Integrated engineering construction and infrastructure company
We’re an integrated engineering construction and infrastructure company recognised for innovation and expertise in bulk storage terminal construction, piping, civil works, asset services and industrial automation. We’re proud to work with some of the world’s largest oil and gas companies, tier-one c
Slide 4: Workforce, offices and major projects in delivery
Defence Power & Water 422 in our workforce Mining & Minerals NINE offices metropolitan & regional Oil & Gas 38 major projects in delivery Infrastructure FOUR operational Engineering Asset Civil Automation New Energy areas Construction Services 4
Slide 5: Office locations across Australia, PNG and New Zealand
We have metropolitan and regional offices located strategically across Australia, along with established operations in Papua New Guinea and a new presence in New Zealand. Founded in 1951, we’ve been listed on the Australian Securities Exchange (ASX: SND) since 2007. KEY Office locations Major projec
Slide 6: 2023 financial result highlights
In 2023, we produced a strong Revenue Full time employees EBIT financial result with a record $200.9m 422 $14.4m revenue and EBIT; Saunders’ 54.5% up ($130.0 million) 19.9% up (352) 51.6% up ($9.5 million) fourth consecutive year of growth. Earnings per share (basic) Cash Annual dividend distributio
Slide 7: Major projects secured and acquisitions
In the last 12 months, we secured three 2023 MAJOR PROJECTS SECURED projects with values in excess of $40 million $44.4 million Western Sydney International Airport Aviation Fuel Terminal, NSW each, and our current order book at 31 July 2023 is in excess of annual revenues $9.0 million Park Fuels at
Slide 8: Record revenue and earnings in 2023
Record revenue and earnings by the Group in 2023, achieved through successful delivery of key projects and our ability to continually secure key new opportunities and repeat business with our clients, particularly as they seek to reposition existing and build new assets in the renewable energy secto
Slide 9: Group revenue, EBIT, cash and EPS
GROUP REVENUE (A$M) Up 54.6% Revenue Change GROUP CASH (A$M) Down 64.9% Cash Change 250 40 201 37 200 130 30 24 150 101 100 66 20 11 13 50 10 8 50 0 0 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 GROUP EBIT (A$M) Up 51.6% EBIT Change EARNINGS PER SHARE Up 41.7% EBIT Change 20 10 8.84 14.4 8 6.2
Slide 10: Order book and live tender pipeline
Saunders will start the new financial year well positioned to take advantage of opportunities across our sectors and services; underpinned by solid fundamentals, record orderbook, record pipeline and our strong balance sheet. ORDER BOOK (A$M) LIVE TENDER PIPELINE ($M) 250 1800 1,637 Tenders 193 201
Slide 11: Order book breakout and pipeline
PREFERRED ORDER BOOK BREAKOUT PIPELINE CONTRACTOR STATUS $201m $1.6b $12.7m JULY 23 JULY 23 JULY 23 Construction Services Maintenance Services Total Tenders Civil Services Automation Preferred Projects 11 11
Slide 12: Increased scale of multi-disciplined projects secured
Increased scale of multi-disciplined projects continue to be secured, demonstrating the strength of our operating model Securing three projects in excess of $40 million each in the last 12 months has replenished our order book to $201.0 million We are well positioned to leverage the $1.6 billion pip
Slide 13: Pe As a)
Pe As a) NA. Sh Ne I AANA CAG LAV ON s AU N DE R Ss 2023 Investor Presentation==. -
Slide 14: Capital structure, shareholders, board and share performance
CAPITAL STRUCTURE SUBSTANTIAL SHAREHOLDERS ASX Code SND NAOS Asset Management 24.57% Ordinary shares on issue 107,698,732 Mr. Desmond Bryant 22.58% Share price as of 30 June 2023 $1.12 cents Anacacia Pty Ltd 11.49% Market capitalization 30 June 2023 $120.6m Mr. Timothy Burnett 10.85% BOARD AND SENIO
Slide 15: Income statement
A$000 2023 2022 % Revenue 200,886 129,955 54.6% Other Income 436 897 (51.4%) Materials and third-party costs charged to projects (115,078) (87,552) 31.4% Employee benefits expense (60,754) (27,709) 119.3% Depreciation expense (3,036) (2,246) 35.2% Motor vehicle expense (426) (365) 16.7% Occupa
Slide 16: Balance sheet
A$000 2023 2022 A$000 2023 2022 Current assets Current liabilities Cash and cash equivalents 12,833 36,746 Trade and other payables 25,727 35,500 Trade and other receivables 23,099 28,946 Contract liabilities 11,174 13,023 Contract assets 33,145 9,340 Current provisions 6,887 4,427 Other current ass
Slide 17: Cash flows
A$’000 2023 2022 Cash flows from Operating activities (14,096) 19,763 Cashflows from Investing activities (3,558) (3,279) Cashflows from Financing activities (6,261) (3,649) Net Increase in cash and cash equivalents (23,915) 12,835 Opening cash on hand 36,746 23,816 Effects of exchange rate fluctuat
Slide 18: SAUNDERS
SAUNDERS IntenwatioNse 2023 Investor! Presentations. ===
Slide 19: Engineering construction services
Though Saunders boasts a rich OUR SERVICES history as one of Australia's premier Front End Engineering Design Engineering, Procurement and bulk liquid storage and geodesic (FEED) Construction (EPC) & Engineering, Procurement, dome construction contractors, our Structural Mechanical & Piping Constr
Slide 20: 2023 highlights: construction
2023 HIGHLIGHTS Contract to deliver the Western Sydney International (Nancy Bird Walton) Airport Aviation Fuel $44.4 million contract Terminal for Multiplex in NSW (secured October 2022) Contract to design and construct a new diesel storage tank for Park Fuels at Kooragang Island, $9.0 million contr
Slide 21: Western Sydney Airport Aviation Fuel Terminal
Client: Multiplex Value: $44.4 million Location: Luddenham, NSW Date secured: October 2022 Business Units: Engineering Construction and Automation The project brings together an integrated Saunders team across both Construction and Automation to build the aviation fuel terminal. Our scope includes t
Slide 22: Quantem diesel storage, Adelaide
Client: Quantem Value: $44.1 million Location: Adelaide, SA Date secured: July 2023 Business Units: Engineering Construction and Automation Our multi‐disciplinary in‐house engineering and operational teams worked closely with long-term and repeat client Quantem to value engineer, optimise constructa
Slide 23: Asset services
Saunders are at the forefront of OUR SERVICES providing asset services, with a Repair and maintenance of bulk Structural Mechanical Piping specialised focus on inspection, liquid and chemical storage tanks installation repair, modification, and Asset management services Pump and valve overhauls or
Slide 24: 2023 highlights: asset services
2023 HIGHLIGHTS Provide tank refurbishment and modification services for BP at its Kwinana Energy Hub in $42.4 million contract Western Australia (secured June 2023) $44 million contract Expand diesel storage capacity at Quantem’s Pelican Point Terminal (secured July 2023) Significant progress in me
Slide 25: bp Kwinana Renewable Fuels project
Client: bp Value: $42.4 million Location: Kwinana, WA Date secured: June 2023 We're particularly proud of our Kwinana Renewable Fuels Project win this year. Not only because it's the largest project ever awarded to our Asset Services business unit, but also because of its bold sustainability ambitio
Slide 26: Viva Energy Gore Bay Tank 6030
Client: Viva Energy Value: $5.7 million Location: Gore Bay, NSW Date secured: July 2022 We’ve been trusted by repeat client Viva Energy to help maintain one of their important projects; 70-year-old Tank 6030 at the iconic Gore Bay Terminal on Sydney Harbour. Our scope includes replacing the floor an
Slide 27: Civil services
Our civil capability and know-how have OUR SERVICES enabled us to develop a reputation for Road and rail bridge construction Manufacturing of complex Super- delivering challenging projects using T and planks for infrastructure innovative design alternatives and Marine structures projects construct
Slide 28: Port Macquarie Hastings Council bridges
Client: Port Macquarie Hastings Council Value: $11.2 million Location: Various locations, Port Macquarie, NSW Date secured: May 2023 In May 2023, Saunders was awarded a new contract for $11.22 million to replace five existing timber bridges across the Port Macquarie Hastings Council area with concre
Slide 29: Industrial automation
Saunders specialises in turnkey OUR SERVICES industrial automation and control Operational Technology (OT) Instrumentation selection, installation and calibration systems to help streamline Industrial automation solutions Plant commissioning processes, increase output, Control system upgrades Proc
Slide 30: 2023 highlights: automation and acquisitions
2023 HIGHLIGHTS In May 2023, we welcomed Automation IT, a specialist automation and control systems Saunders Automation IT engineering business operating in the energy, water, defence and mining industries to the Saunders team This follows our acquisition of PlantWeave in 2021 and further expands ou
Slide 31: Lendlease Barangaroo South automation
Client: Lendlease Location: Barangaroo, NSW Business Unit: Saunders PlantWeave Lendlease has trusted our expert industrial automation team at Barangaroo South, Australia’s first carbon-neutral precinct since it was first constructed in 2015. We’ve successfully delivered the Operational Technology (O
Slide 32: Gatton prison control systems
Client: Confidential Location: Gatton, QLD Business Unit: Automation IT Our Gatton Prison complex infrastructure project is a crucial component of the Southern Queensland Correctional Precinct (SQCC), a two-stage expansion and upgrade initiative. The project includes the construction of a new 1,500-
Slide 33: Commitment to safety and people
We’re recognised for our HIGHLIGHTS commitment to safety, 01 Enhancing our employee benefits offering including development of collaborating with our clients learning and development capabilities and career progression strategies. to find new and smarter ways to support them, and 02 Launching an Emp
Slide 34: Key focus areas in 2024
We’re fortunate to be working with leading KEY FOCUS AREAS IN 2024 organisations including bp, Ampol and Lendlease, supporting them to not only deliver their projects, Environment • Helping clients to achieve their sustainability targets. but also achieve their bold sustainability targets. • Growing
Slide 35: Disclaimer and contact
This presentation has been prepared by Saunders International Limited (“Saunders”, “the Company”, “The Group”) as a summary of the Company and its operations and for general information purposes only. This presentation is not and should not be considered as an offer or invitation to subscribe for or
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