Nrw Holdings Limited · ASX:NWH
Nrw — Rottnest Conference 2023
14 slides from Nrw's conference presentation, Mar 8, 2023
Slide 1: NRW Holdings Rottnest Conference
NRW HOLDINGS ROTTNEST CONFERENCE 8 MARCH 2023 Gudai-Darri Solar Farm, Rio Tinto. Tanami, Newmont.
Slide 2: FY23 Half-Year Results Financial Overview
FY23 HALF-YEAR RESULTS FINANCIAL OVERVIEW • Revenue $1.33 billion up 15% on pcp. • EBITA $80.1 million, 7.4% higher on pcp. • NPATN $50.4 million, up 3.9% on pcp. • Cash balance at 31 December $154.8 million - expected reduction from FY22: o Unwinding project advances on completing Primero projects
Slide 3: Segment Overview
SEGMENT OVERVIEW • National infrastructure • Bulk earthworks CIVIL pre-qualifications • Marine works REVENUE FH FY23 R5, B4, F150+ NRW Civil • Renewable energy projects • $253M Roads & bridges Golding Civil • Airstrips Golding Urban • Public / defence infrastructure • Commercial & residential 11% •
Slide 4: Civil
CIVIL • Revenue increased from key projects in Western Australia and Queensland - Bunbury Outer Ring Road, Intelligent Freeways, H2H, Olive Downs, Urban subdivisions. FH FY23 FH FY22 • Profitability impacted by: Revenue ($M) 252.6 226.9 EBITA ($M) 8.8 9.9 o La Niña weather pattern in Queensland. Mar
Slide 5: Mining
MINING • Remaining Karara fleet and personnel now all fully mobilised and contract FH FY23 FH FY22 is in full swing executing to client expectations. $M % $M % • Robust market demand - seventh operating fleet at Curragh, additional Revenue 726.0 611.3 scope at Broadlea and Iron Knob (Middleback Rang
Slide 6: Mining
MINING • Awarded a five-year contract with Jellinbah Mining in Central Queensland for circa $230 million. • Margin expected to improve over time as contribution from new contracts grows. • Rigorous approach applied to evaluating new tenders to ensure appropriate return on capital. MINING PROJECTS At
Slide 7: Minerals, Energy & Technologies
MINERALS, ENERGY & TECHNOLOGIES MET STRATEGY • MET segment will be the growth engine of the Group • Michael Gollschewski appointed as Chief Operating Officer on 1 February • Previous roles include: o President of Alcoa Australia Ltd o Vice President Operations, Alcoa Australia Ltd o Managing Directo
Slide 8: Minerals, Energy & Technologies
MINERALS, ENERGY & TECHNOLOGIES • Primero nearing completion of Covalent and Strandline - two largest EPC contracts. Strong pipeline of material FH FY23 FH FY22 tenders expected to be awarded during the remainder of FY23. Revenue ($M) 378.3 359.2 • Primero remains a global leader in the Lithium proc
Slide 9: Outlook & Guidance
OUTLOOK & GUIDANCE OUTLOOK(1) PIPELINE • Total group pipeline is $19.3 billion and continues strong trend previously reported. • Current submitted tenders $4.1 billion. • Medium-term outlook remains very positive, subject to future impact of MINERALS, ENERGY macroeconomic factors on timing of new pr
Slide 10: Appendix
APPENDIX Greenbushes, Talison Lithium 10
Slide 11: Earnings
EARNINGS FH FY23 FH FY22 Rev enue Earnings Rev enue Earnings $M $M $M $M Total rev enue / EBITDA 1,333.8 138.3 1,160.0 133.6 Revenue from associates (0.9) (44.6) Depreciation and amortisation (58.2) (59.0) Operating EBIT / EBITA 80.1 74.6 Amortisation of acquisition intangibles (2.8) (5.1) Non-recur
Slide 12: Balance Sheet
BALANCE SHEET 31 Dec 22 30 Jun 22 $M $M Cash 154.8 219.3 Financial debt (279.0) (233.2) Lease debt (47.8) (52.8) Net Debt (172.0) (66.6) Property, plant and equipment 482.4 423.5 Right-of-use assets 41.1 44.5 Working capital 95.5 19.4 Investments 18.6 22.4 Tax liabilities (70.1) (54.2) Net Tangible
Slide 13: Cash Flow
CASH FLOW 6 months ended 6 months ended CONSOLIDATED STATEMENT OF CASH FLOWS ($M) ($M) 31 Dec 2022 31 Dec 2022 EBITDA 138.3 CASH FLOWS FROM OPERATING ACTIVITIES (76.9) Other working capital movements Receipts from customers 1,513.6 (12.2) Non-recurring transactions Payments to suppliers and employee
Slide 14: Disclaimer
DISCLAIMER SUMMARY INFORMATION • This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of this Presentation. • This Presentation is for general information purposes only and does not purport to be complete. The content shou