Nrw Holdings Limited · ASX:NWH
Nrw — FY2022 Earnings Presentation
24 slides from Nrw's earnings presentation, Aug 18, 2022
Slide 1: NRW Holdings FY22 Full Year Results
NRW HOLDINGS FY22 FULL YEAR RESULTS 18 AUGUST 2022
Slide 2: FY22 Highlights
PROJECTS REVENUE 100+ $2.4B FY22 HIGHLIGHTS RECORD ORDER BOOK $5.2B CASH HOLDINGS $219.3M WORKFORCE CASH 7,000+ CONVERSION 111% 2
Slide 3: Results Overview
RESULTS OVERVIEW FINANCIAL • Revenue $2.4B up 4.6% on FY21 and consistent with guidance • EBITA $157.0M representing an upgrade compared to previous guidance range of $150.0M to $155.0M and 30.1% higher than FY21 • EBITDA $272.4M up 2.1% on FY21: Depreciation and amortisation down 21.0% to $115.4M d
Slide 4: ESG Update
ESG UPDATE • Committed to annual Sustainability Reporting, with our second Sustainability Report due to be published in September 2022. • Appointment of Brett McIntosh – Executive General Manager – Health, Safety, Environment, Sustainability to support the organisation in executing its ESG related w
Slide 5: Financial Overview
FINANCIAL OVERVIEW 5
Slide 6: Earnings and Balance Sheet
EARNINGS AND BALANCE SHEET • Operating EBIT of $157.0M was up 30.1% on FY21 ($120.6M) as • Cash balances ended the year at $219.3M, with net debt at $66.6M, gearing profitability recovered across the business. improved to 11.1%. • Group EBITDA totalled $272.4M reflecting the improved EBIT offset by
Slide 7: Cash Flow
CASH FLOW CONSOLIDATED STATEMENT OF CASH FLOWS FY22 $M FY22 $M 272.4 • Cash conversion of 111% EBITDA CASH FLOWS FROM OPERATING ACTIVITES Other working capital movement 28.9 o Net cash from operating activities before Receipts from customers 2,665.5 Interest and tax (13.3) interest and tax $301.3M P
Slide 8: Business Structure & Performance
BUSINESS STRUCTURE & PERFORMANCE Nammuldi. 8
Slide 9: Focus on adding capability and diversifying services
“The focus of the business over the last few years has been to add capability, broaden the regions in which we operate and diversify our service offering” Covalent. 9
Slide 10: Business Structure
BUSINESS STRUCTURE • National infrastructure pre- • Bulk earthworks qualifications R5, B4, F150+ • Marine works CIVIL NRW CIVIL • Roads & bridges • Renewable energy projects FY22 Revenue GOLDING CIVIL • Public / defence infrastructure • Airstrips $483M GOLDING URBAN • Rail formations • Commercial &
Slide 11: Civil
CIVIL Bunbury Outer Ring Road, Main Roads. 11
Slide 12: Civil
CIVIL RESULTS • Revenue in FY22 lower than last year as major Pilbara based projects completed in FY21. $M FY22 FY21 • Activity levels in FY22 lower recognising iron ore investment cycle and staffing Revenue 483.3 726.5 availability. EBIT 20.3 4.2% 22.9 3.1% OUTLOOK • Outlook for NRW civil business
Slide 13: Mining
MINING Karara Mining. 13
Slide 14: Mining
MINING RESULTS • Revenue increased to $1,273.2M from $1,177.2M in FY21. Underlying activity levels $M FY22 FY21 increased by around 10% excluding the impact of lower revenue (and depreciation) on Boggabri. Revenue 1,273.2 1,177.2 • Earnings (EBIT) increased to $106.6M compared to $83.9M representing
Slide 15: MET
MET 5 Ss 3 3 = Straridline.
Slide 16: Minerals, Energy & Technologies
MINERALS, ENERGY & TECHNOLOGIES RESULTS • MET revenue increased to $701.0M compared to $426.9M in FY21 (five-month period of Primero results included in FY21). $M FY22 FY21 • Year-on-year margin change reflects business combination. Revenue 701.0 426.9 • Activity increased year-on-year - Primero con
Slide 17: Summary
SUMMARY 17
Slide 18: Outlook and Guidance
OUTLOOK AND GUIDANCE OUTLOOK GUIDANCE • Near-term tender pipeline capable of being awarded in next 12 months has • Group’s order book at 30 June 22 was $5.2B compared to $3.4B at same time last strengthened to $19.8B compared to $14.5B this time last year. year. • Current submitted tenders circa $3.
Slide 19: Appendices
APPENDICES New Komatsu WA900 Loader at Karara. 19
Slide 20: Commodity Mix
COMMODITY MIX CIVIL MINING MET Other Green Tech Commodities Infrastructure Gold 6% Urban 11% 18% 8% 38% MET Coal 34% Iron Ore 37% Mineral 17% FY22 FY22 Sands FY22 Infrastructure 19% (Resources)(1) Iron Ore 28% 20% 26% 38% Thermal Iron Ore Coal Green Tech Other Commodities Urban Mineral Sands Infrast
Slide 21: ESG Reporting
ESG REPORTING • Committed to annual Sustainability Reporting, with our second Sustainability Report due to • Appointment of Tanya Eales – Executive General Manager – People & be published in September 2022: Culture, responsible for the group wide People & Culture standards, o Report to highlight the
Slide 22: ESG Initiatives
ESG INITIATIVES SAFETY PEOPLE • Continued focus on welfare and safety of our workforce. • Group headcount has increased from 6,200 to 7,000 in the last 12 months. • Increased support for new hires to ensure appropriate capability. • Retention, Engagement and Attraction strategies implemented to comb
Slide 23: ESG Initiatives
ESG INITIATIVES DIVERSITY & INCLUSION CLIMATE • Diversity & Inclusion Survey and employee workshops undertaken. Initiatives in • Released NRW’s Climate Position Statement. place to improve our workplace and ensure a safe working environment for all • Updated governance structures to demonstrate that
Slide 24: 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 should b