Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (February 2023)
22 slides from Saunders International's investor presentation, Feb 24, 2023
Slide 1: FY23 Half Year Investor Presentation
FY23 HALF YEAR INVESTOR PRESENTATION 24 FEBRUARY 2023 MARK BENSON BRETT GREGORY Presented by: Managing Director & Chief Executive Officer Chief Financial Officer (Interim)
Slide 2: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY Saunders respectfully acknowledges the traditional owners and custodians of the country and their connection to land, sea and community. We pay our respects to their cultures and to Elders past and present. 2
Slide 3: Half Year Performance Highlights on Track for FY23 Guidance
HALF YEAR PERFORMANCE HIGHLIGHTS ON TRACK FOR FY23 GUIDANCE • Strong financial results despite macro market challenges continuing, inflation of goods and services, inclement weather and labour $93.0m $7.0m $38.6m resource availability. REVENUE EBIT CASH BALANCE • Secured ~$100 million in contract wi
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS GROUP REVENUE (A$M) GROUP CASH RESERVES* (A$M) Up 100.4% Revenue Change Up 5.0% Cash Change 100 45 $93.0m 40 $38.6m 90 $36.8m 80 35 70 30 60 $53.4m $23.8m 25 50 $46.4m 20 40 $28.1m $29.6m 15 30 $11.1m 10 $8.0m 20 10 5 0 0 HY19 HY20 HY21 HY22 HY23 FY19 FY20 FY21 FY22 HY23 GROUP E
Slide 5: Sustained Growth
SUSTAINED GROWTH ORDER BOOK (A$M) ORDER BOOK BREAKOUT 250 $200m 200 $193m $200m 150 Dec 22 $110m 100 $83m $61m 50 PIPELINE 0 Jun-19 Jun-20 Jun-21 Jun-22 Dec-22 LIVE TENDER PIPELINE $1.7b Dec 22 2000 Tenders Pipeline $1,732m 1800 1600 1400 $1,309m PREFERRED CONTRACTOR STATUS 1200 1000 $803m 800 $671m
Slide 6: Business Model Strengths
BUSINESS MODEL STRENGTHS BUSINESS BALANCED POSITIONING EARNINGS • Sector and geographical diversity • Solid order book • Exposure to long term growth in: • Growing pipeline of opportunities ‒ Defence • Stable recurring revenues ‒ Oil & Gas from long term customers ‒ Water • Strong balance sheet to s
Slide 7: Key Messages & Outlook
KEY MESSAGES & OUTLOOK • Focus on our teams to execute current record order book safely, E X EC U T I O N on time and on budget • Delivering operational excellence to our customers • Favourable tail winds across multiple sectors – Defence, Water, Oil & Gas, New Energy G R OW T H • Reviewing opportun
Slide 8: Project Caymus Darwin
PROJECT CAYMUS DARWIN • Project 53.4% complete as at 31 January 2023 • Installation of over 1,500 floor and strake plates • Dome roof construction and installation has commenced, lifts completed with Saunders’ innovative hoist system • Resources continue to be recruited as required to support additi
Slide 9: Western Sydney International Airport
WESTERN SYDNEY INTERNATIONAL AIRPORT • Project team mobilised to site • All key resources secured and engaged • Design progressing to support long lead procurement items • Plate supply and fabrication order completed for tanks • Preferred subcontractors identified for piping supply, fabrication and
Slide 10: Appendices
APPENDICES C O R P O R AT E S N A P S H O T O U R C O M PA N Y SECTORS & SERVICES O U R VA L U E S PROJECT SERVICES FINANCIALS 10
Slide 11: Corporate Snapshot
CORPORATE SNAPSHOT C A P I TA L S T R U C T U R E S U B S TA N T I A L H O L D E R S – 3 1 D E C E M B E R 2 0 2 2 ASX Code SND NAOS Asset Management 23.94% Ordinary shares on issue 109,548,656 Mr. Desmond Bryant 22.96% Share price as of 15th February 2023 $1.17 Anacacia Pty Ltd 11.68% Market capita
Slide 12: Our Company
OUR COMPANY Saunders International Limited is a multi-disciplined engineering and construction company providing design, fabrication, construction, shutdown, maintenance and industrial automation services to leading organisations across Australia, and the Pacific Region. With over 70 years of experi
Slide 13: Our Sectors and Our Services
OIL & GAS CONSTRUCTI ON ENGINEERI NG & DESIGN M AINTENANC E DEFENCE NEW ENERGY OUR FABRICATION OUR ASSET SERVICES SECTORS SERVICES WATER AUTOM ATION M INING & CONTROL STRUCTURAL , & MINERALS M ECHANICAL & PIPING (SM P) POWER CIVIL INFRASTRUC TU R E INFRASTRUC TU R E 13
Slide 14: Our Values
OUR VALUES ZERO HARM We are committed to the practice of Zero Harm behaviour at work and at home ONE TEAM We are better together when we collaborate with each other and our customers E XC E L L E N C E We commit to delivering excellence in everything we do I N N O VAT I O N We continually challenge
Slide 15: Engineering Construction
ENGINEERING CONSTRUCTION • Front End Engineering Design (FEED) • Structural Mechanical & Piping design • 3D drafting of large fuel terminals • Control system design and implementation • Network design and implementation • HV and LV electrical design and implementation • EPC & EPCM services • New tan
Slide 16: Civil Infrastructure
CIVIL INFRASTRUCTURE • Road and rail bridge construction • Marine structures • Precast fabrication • Concrete foundation systems • Manufacturing of complex Super-T and planks for infrastructure projects • Excavation and installation of support structures • Road works 16
Slide 17: Asset Services & Maintenance
ASSET SERVICES & MAINTENANCE • Repair and maintenance of bulk liquid and chemical storage tanks • Asset management services • Industrial boiler works • Road and rail bridge maintenance • Plant and facility shutdowns and decommissioning • Facilities maintenance • Shutdowns and upgrades • Structural M
Slide 18: Automation & Control
AUTOMATION & CONTROL • Industrial automation • Control system upgrades • Panel manufacturing and testing • Machine learning and statistical/physical process modelling • Asset and inventory management • Instrumentation selection, installation and calibration • Plant commissioning • Process optimisati
Slide 19: Income Statement
INCOME STATEMENT A$’K FY23-H1 FY22-H1 Revenue 92,967 46,399 100.4% Interest and other Income 174 836 (79.2%) Materials and third-party costs charged to projects (58,674) (26,851) 118.5% Employee benefits expense (23,012) (13,870) 65.9% Depreciation expense (1,395) (1,084) 28.7% Motor vehicle expense
Slide 20: Balance Sheet
BALANCE SHEET A$’K FY23-H1 FY22 CURRENT ASSETS Cash and cash equivalents 38,565 36,746 Trade and other receivables 14,469 28,946 Contract assets 8,415 9,340 Other current assets 1,453 381 Total current assets 62,902 75,413 NON-CURRENT ASSETS Property, plant and equipment 11,551 12,086 Other non-curr
Slide 21: Cashflow
CASHFLOW A$’K FY23-H1 FY22-H1 Cash flows from Operating activities 2,817 9,154 Cashflows from Investing activities (392) (1,095) Cashflows from Financing activities (636) (1,377) Net Increase in cash and cash equivalents 1,789 6,682 Opening cash on hand 36,746 23,816 Effects of exchange rate fluctua
Slide 22: SND Disclaimer
SND DISCLAIMER I M P O R TA N T I N F O R M AT I O N F O R I N V E S T O R S MARK BENSON 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. Managing D
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