Slide 1: Investor Presentation
Providing global mineral processing solutions ASX:GNG ASX:ABC For personal use only GR Engineering Services Limited Investor Presentation 24 August 2022
Slide 2: FY22 Results Summary
FY22 Results Summary For personal use only Earnings Balance Sheet & Cash Flow Revenue Cash $800m $120m $600m $90m $400m FY22 $60m FY22 $200m 651.7 FY21 102.0 FY21 $30m 392.4 69.0 $0m $0m EBITDA Net Operating Cash Flow $60m $80m $60m $40m FY22 $40m FY22 FY21 69.7 FY21 $20m 55.8 $20m 37.2 49.5 $0m $0m
Slide 3: FY22 Results
FY22 Results For personal use only GR Engineering reported record FY22 revenue of $651.7 million and EBITDA of $55.8 million, continuing the strong momentum generated from the prior year. During FY22, GR Engineering has safely and successfully progressed the work on multiple projects across a br
Slide 4: Balance sheet
Balance sheet For personal use only Strong balance sheet maintained at 30 June 2022. Cash: $102.0 million (30 June 2021: $69.0 million). Significant headroom on bank guarantee and bonding facilities. Total FY22 dividends of 19 cents per share (fully franked) (total FY21 dividends: 12 cents p
Slide 5: Mineral Processing
Mineral Processing For personal use only GR Engineering’s design and construction order book of current work includes: Company Project Type ($’m) Kimberley Mineral Sands JV Thunderbird Mineral Sands EPC 179.5 Project Northern Star Resources Ltd Thunderbox 6 Mtpa EPC 101.0 Expansion Project Abra Mi
Slide 6: Mineral Processing
Mineral Processing For personal use only GR Engineering’s pipeline of near term work opportunities includes, but is not limited to, the following projects: - OZ Minerals Limited – West Musgrave Project; - Kalgoorlie Consolidated Gold Mines – one of two participants in the ECI process; - New Centur
Slide 7: Oil, Gas, Energy & Water - Upstream PS
Oil, Gas, Energy & Water - Upstream PS For personal use only GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue alongside project based design and construction work. During FY22, revenue contributions were primarily from: - Wo
Slide 8: Process Controls Systems - Mipac
Process Controls Systems - Mipac For personal use only Mipac is a leading global provider of controls systems, operational technology and engineering services primarily in the mineral processing, energy and water industries. During FY22, Mipac celebrated its 25th year in operations whilst contin
Slide 9: Environmental Social Governance
Environmental Social Governance For personal use only At GR Engineering we: - Favour local suppliers and supply chain ethics that are supported by our standards; - Support engineering students with Curtin University scholarships; - Support our communities via programs including Ronald McDonald Hou
Slide 10: Outlook
Outlook For personal use only GR Engineering and its subsidiaries have a strong order book dominated by Australian projects and has been building its pipeline for both FY23 and FY24. GR Engineering intends to provide FY23 revenue guidance at its 2022 Annual General Meeting. GR Engineering’s stro
Slide 11: Selected Clients
Selected Clients For personal use only GR Engineering Upstream Production Solutions Mipac GR Engineering Services (ASX:GNG) 11
Slide 12: Corporate Profile
Corporate Profile For personal use only Capital Structure Share Price History Shares on issue m 161.6 3.00 2,500,000 Share price (GNG.ASX) (24 Aug 2022) $ 2.45 2.50 2,000,000 Market Capitalisation $m 395.8 2.00 1,500,000 Cash (30 Jun 2022) $m 102.0 1.50 1,000,000 Debt (30 Jun 2022) (excluding lease
Slide 13: Contact Details
Contact Details For personal use only Geoff Jones GR Engineering 71 Daly Street Building 3, Level 3, Managing Director Ascot WA 6104 Kings Row Office Park PO Box 258 42 McDougall Street +61 8 6272 6000 Belmont WA 6984 Milton QLD 4064 +61 8 6272 6000 +61 7 3838 8000 geoff.jones@gres.com.au
Slide 14: Disclaimer
Disclaimer For personal use only RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL This presentation may contain information that has been Nothing in this presentation should be construed as INFORMATION derived from publicly available sources that have not