Slide 1: 1H FY25 Results Presentation
1H FY25 RESULTS PRESENTATION 1
Slide 2: We are a diversified infrastructure services company
WHO WE ARE WHAT WE DO OUR VISION We are a diversified We bring an The most sought-after infrastructure engineering mindset diversified infrastructure services company to deliver critical services business services for major industry 2
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Slide 4: Diversified Infrastructure Services Business
Perth North Queensland Gladstone North-West Brisbane Diversified People Infrastructure Services Business 4,500 North Island 80% Annuity / Recurring Earnings Profile Industries 20+ Geographic split Newcastle Revenue 50% East Sydney ~$1.3b Roxby Downs Southern NSW Whyalla Market Cap 45% West Adelaide
Slide 5: Executive Summary
1H FY25 RESULTS Executive Summary Record 1H Financial Result Returns to Shareholders Excellent Cash Generation 1H FY25 EBITDA1 of EPS(A)1 of EBITDA Cash Conversion of 1H FY25 Results $ 59.0m Up 31% on 1H FY24 4.6cpsUp 35% on 1H FY24 120% Transitioned to Net Cash of $9.1m EBIT(A)1 of $42.1m, up 48% o
Slide 6: 1H FY25 Results Overview
NEVILLE BONNER BRIDGE, BRISBANE, QUEENSLAND ADD 1H YOUR FY25 Results PRESENTATION Overview TITLE HERE 1H FY25 RESULTS 6
Slide 7: 1H FY25 Financial Performance Key Highlights
1H FY25 RESULTS 1H FY25 Financial Performance Key Highlights 1H FY24 1H FY25 Change Revenue $510.7m $619.7m ▲ 21% EBITDA $45.1m $59.0m ▲ 31% EBIT(A) $28.4m $42.1m ▲ 48% NPAT(A) $17.7m $26.6m ▲ 50% Record EBITDA % margin 8.8% 9.5% ▲ 8% Financial EBIT(A) % margin 5.6% 6.8% ▲ 22% Result NPAT(A) % margi
Slide 8: 1H FY25 Financial Performance Key Highlights
1H FY25 RESULTS 1H FY25 Financial Performance Key Highlights 5 00 EPS(A) Revenue 5.0 4.6 (AUD) 4.0 EBITDA cents per share 3.4 31% 21% 3.0 YoY 3.0 60 YOY 2.3 620m 2.0 50 33% YoY $ 1.0 0.0 40 1H FY22 1H FY23 1H FY24 1H FY25 26% $ Millions YoY 30 32% EBITDA Dividend YoY Cash Conversion 3.0 2.5 20 1H FY
Slide 9: Long Term Track Record of Delivery
1H FY25 RESULTS Long Term Track Record of Delivery 1H FY22 1H FY23 1H FY24 1H FY25 Revenue $297.0m $380.0m $510.7m $619.7m EBITDA $27.0m $34.0m $45.1m $59.0m EBIT(A) $15.9m $20.9m $28.4m $42.1m NPAT(A) $10.1m $13.2m $17.7m $26.6m Continuing to EBITDA % margin 9.1% 9.0% 8.8% 9.5% execute SRG Global G
Slide 10: Positive Cash Generation Funding Growth
1H FY25 RESULTS Positive Cash Generation Funding Growth Continued strong focus Increased on working capital Diona dividend to management delivering Acquisition shareholders operating cashflow before in Sep 2024 interest and tax of $64.8m 13.0 62.9 (2.2) 54.0 (5.1) (8.5) (4.1) (9.5) (6.7) 105.1 (13.1
Slide 11: Robust Financial Position
1H FY25 RESULTS Robust Financial Position Balance Sheet ($m) 1H FY25 $ 105.1m Cash on hand Available liquidity: $ 229.0m $ 123.9m Available undrawn working capital Cash and cash equivalents 105.1 and equipment finance facilities Trade, other receivables & contract assets 211.2 9.1m Inventories 25.3
Slide 12: Underpinned by a Strong Foundation
Underpinned by a Strong Foundation WEST WIND FARM, MERIDIAN ENERGY, WELLINGTON, NEW ZEALAND 12
Slide 13: Environmental, Social & Governance in Action
1H FY25 RESULTS Environmental, Social & Governance in Action Environmental • Workiva Carbon software platform to track emissions • Sustainability initiatives such as green concrete, local tree planting and solar powered site facilities Social • Bugarrba Aboriginal Joint Venture progressing well • So
Slide 14: Operating Segment Update
AUCKLAND HARBOUR BRIDGE MAINTENANCE, NEW ZEALAND TRANSPORT AGENCY ADD YOUR Operating PRESENTATION Segment Update TITLE HERE 1H FY25 RESULTS 14
Slide 15: Strong Segment Financial Performance
1H FY25 RESULTS Strong Total Corporate Segment Financial Revenue Revenue Revenue Revenue Performance $619.7m $388.0m $231.7m (nil) EBITDA EBITDA EBITDA EBITDA Revenue 59.0m 56.8m 16.5m ($14.3m) 21 % $ $ $ EBITDA Margin of 9.5% EBITDA Margin of 14.6% EBITDA Margin of 7.1% EBITDA Margin of (2.3%) from
Slide 16: Maintenance & Industrial Services overview
PHASED ARRAY ULTRASONIC INTEGRITY INSPECTION, ALCOA WAGERUP ALUMINA REFINERY Integrated asset program management, • Asset Program Management asset monitoring, inspection & testing, • Asset Monitoring & Testing asset maintenance & remediation, • Asset Maintenance & Remediation specialist drill & blas
Slide 17: Maintenance & Industrial Services in Review
OPERATING SEGMENT UPDATE Maintenance & Industrial Services in Review Long-term contracts secured Term contracts with Department of Climate Change & Energy, SA Water, Fonterra, Transport VIC, South32, Hanroy, Origin and Rio Tinto. Geographic spread across diverse industries Embedded across Western Au
Slide 18: Engineering & Construction overview
KEEPIT DAM STRENGTHENING, WATER NSW Specialist engineering and • Advisory Services construction of critical infrastructure • Specialist Design Services across a diverse range of growth • Early Contractor Engagement sectors including water, transport, • Civil Infrastructure defence, resources, energy
Slide 19: Engineering & Construction in Review
OPERATING SEGMENT UPDATE Engineering & Construction in Review Strong execution of first major R5/B4 project $90m Jervis Bay integrated road and bridge project for Transport NSW well progressed with recently attained highest national road and bridge accreditation (R5/B4). Market leader in Specialist
Slide 20: Acquisition Update Diona
WARRAGAMBA DAM, WATERNSW ADD YOUR Acquisition Update PRESENTATION Diona TITLE HERE DIONA ACQUISITION 20
Slide 21: Update on Diona
DIONA ACQUISITION Update on Diona Successfully Fully Significant Delivered to Strong cultural Robust completed integrated new wins business case and client pipeline of effective from into SRG Global include in first 4 months alignment with opportunities 2 September business, Department of with a str
Slide 22: Strategic Rationale
DIONA ACQUISITION Strategic Rationale Strengthens market position in water Complementary capabilities enhance High-quality management team security and energy transition breadth and strength of service offering with a proven track record • Leading professional program and asset management • Adds com
Slide 23: Highly Complementary Core Capabilities
DIONA ACQUISITION Highly Complementary Core Capabilities Diona’s core capabilities are highly complementary with SRG Global’s service offering in delivering critical infrastructure services to connect, empower and sustain major industry across Australia and New Zealand. Early Engagement Advisory ENE
Slide 24: Client Focused Approach
DIONA ACQUISITION Client Focused Approach Diona’s model integrates a low-risk collaborative approach with long-term agreements, ensuring sustainable and consistent earnings, and embedded partnerships with leading utility and government agencies. Water North and Civil Programs Water North Zones Progr
Slide 25: Market Overview
DIONA ACQUISITION Market Overview Diona is strategically positioned to benefit from long-term industry tailwinds across water security & rehabilitation as well as other sectors facing the broader energy transition. WATER INFRASTRUCTURE GAS PIPELINE INFRASTRUCTURE ELECTRICITY INFRASTRUCTURE ~$12b Ann
Slide 26: Way Forward
TRANSPOWER TOWER MAINTENANCE, NORTH ISLAND, NEW ZEALAND ADD Way YOUR PRESENTATION Forward TITLE HERE 1H FY25 RESULTS 26
Slide 27: Building the Most Sought-after Diversified Infrastructure Services Business
1H FY25 RESULTS Building the Most Sought-after Diversified Infrastructure Services Business Zero Harm / ESG industry leader and recognised employer / partner of choice Continuing to enhance our Innovation and Technology to drive sustainable growth and competitive advantage Selective strategic ac
Slide 28: Strategic Transformation Delivering Sustainable Growth
1H FY25 RESULTS Strategic Transformation Delivering Sustainable Growth Upgraded FY25 EBITDA guidance Strong Platform Exposure to for Sustainable Diverse Sectors Earnings Growth and Geographies 130 120 Work in Hand (WIH): Opportunity Pipeline: 110 3.4b 8.5b 98.5 100 $ $ 90 80 $ Millions 80 December 2
Slide 29: Positive Outlook
1H FY25 RESULTS Positive Outlook Operating segment performance… …driving positive momentum FY25 guidance upgraded to $125m to $128m EBITDA and $91m to $94m EBIT(A) $3.4b Work in Hand and $8.5b Opportunity Pipeline provides platform for long-term sustainable growth Positive exposure to growth sec
Slide 30: Investment Proposition
1H FY25 RESULTS Investment Proposition End-to-end Diverse Highly asset lifecycle market sectors scalable capability / geographies business model $ Annuity Capital High yield earnings light dividend profile investment profile stock 30
Slide 31: Appendix 1: Reconciliation of Financial Information
CANNING DAM, WATERCORP, WESTERN AUSTRALIA Appendix 1: Reconciliation of Financial Information 1H FY25 RESULTS 31
Slide 32: Appendix 1: Reconciliation of Financial Information
1H FY25 RESULTS Appendix 1: Reconciliation 1HFY22 1HFY23 1HFY24 1HFY25 of Financial Profit before Tax 12.9 18.0 21.0 27.1 Information Finance costs Amortisation 1.2 1.8 1.8 1.1 4.0 3.4 4.0 6.0 Acquisition and integration costs 0.0 0.0 0.0 5.0 EBIT(A)(1) 15.9 20.9 28.4 42.1 Depreciation 11.1 13.1 16.
Slide 33: Appendix 2: Disclaimer
WEST WIND FARM, MERIDIAN ENERGY, WELLINGTON, NEW ZEALAND Appendix 2: Disclaimer 1H FY25 RESULTS 33
Slide 34: Disclaimer
Disclaimer Summary information This Presentation is for information purposes only and is a summary only. It should be read in conjunction with SRG Future performance and forward-looking statements Global’s most recent financial report and SRG Global’s other periodic and continuous disclosure informa
Slide 35: srgglobal.com.au
WRENS HAS TO BE 6 DONE RIGHT srgglobal.com.au GLOBAL