Cleanaway Waste Management Ltd. · ASX:CWY

Cleanaway Waste Management — Shareholder Meeting (October 2020)

19 slides from Cleanaway Waste Management's shareholder meeting presentation, Oct 14, 2020

  1. Slide 1: FY20 Annual General Meeting

    FY20 Annual General Meeting 14 October 2020

  2. Slide 2: Disclaimer

    Disclaimer • Forward looking statements – This presentation contains certain forward-looking statements, including with respect to the financial condition, results of operations and businesses of Cleanaway Waste Management Limited (“CWY”) and certain plans and objectives of the management of CWY. Fo

  3. Slide 3: Agenda

    Agenda Page Introduction 4 Chairman's address 5-7 CEO and Managing Director’s Address 8-16 Formal Business 17-21 Questions 22 3

  4. Slide 4: Opening Address and introductions

    Opening Address and introductions Mark Chellew Mike Harding Philippe Etienne Samantha Hogg Brendan Gill Chairman Non-executive director Non-executive director Non-executive director Chief Financial Officer Vik Bansal Ray Smith Emma Stein Terry Sinclair Dan Last Managing Director & Non-executive dire

  5. Slide 5: Chairman's Address

    Chairman’s Address Our customers, regulators and society at large are looking for better and more sustainable solutions. $2,332 million revenue 21% $2,100 million net revenue? W (0.4)% $515.7 million EBITDA A 17% $256.6 million EBIT A 668% $150.3 million NPAT* 470% 4J¢ dividends per share 415.5% 7.3

  6. Slide 6: Chairman's Address

    Chairman’s Address MAKING A” } SUSTAINABLE! “FUTURES *, }- \.. POSSIBLE. } \ 4 SUSTAINABILITY REPOR 7 — 1.9m G) into energy f Employees —— _—_ SS Cleanaway fa V7 ~ (men) (_sne—)) Business partners { Copital providers ‘ || 2020-2022 D&! Engagement Plan . ®y & (d Engagement 8,025 t 114,301,469 | oe Ca

  7. Slide 7: Chairman's Address

    Chairman’s Address Net Revenue ($million) EBITDA ($million) and EBITDA margin (%) EBIT ($million) and EBIT margin (%) CAGR1 +10.0% CAGR1 +15.4% CAGR1 +20.9% NPAT ($million) and NPAT margin (%) NPATA ($million) and NPATA margin (%) Return on Invested Capital2 (%) 152.9 150.0 CAGR1 +23.2 % 140.6 CAGR1

  8. Slide 8: CEO and Managing Director's Address

    CEO and Managing Director’s Address 8

  9. Slide 9: FY20 Highlights

    FY20 Highlights FINANCIAL:  Solid Waste Services grew revenue by 0.8% and ex commodity, revenue grew by 2.4% on FY19  As planned Industrial & Waste Services revenue was down by 8.3% on FY19  Liquid Waste & Health Services grew revenue by 3.8% on FY19  Underlying EBITDA up 2.5% (pre AASB16) to $4

  10. Slide 10: Cash Flows and Shareholder Returns

    Cash Flows and Shareholder Returns Operating Cash Flow ($m) Cash Capex ($m) and % of Net Revenue Free Cash Flow ($m) CAGR1 +15.7% CAGR1 +64.9 % Tax Refund2 Net Debt ($m) and Net debt / EBITDA3 (x) Dividend (cents) & Payout Ratio (%) Underlying Earnings per share (cents) CAGR1 +22.3% CAGR1 +21.8 % No

  11. Slide 11: Value Creation Story

    Value Creation Story • Our Value Creation Story takes our strategic pillars of People, Earth, Markets, Assets and Financials and shows how the inputs we draw on are transformed through our business activities, applying Our Cleanaway Way, to create outcomes for our stakeholders. It also shows how the

  12. Slide 12: People & Culture - Key Metrics

    People & Culture - Key Metrics Our Leadership Model – Three C’s Employee Engagement Survey Results 2016 2017 2018 2019 No survey 2020 62% 59% 59% (Pulse survey for Underway Toxfree) • AON Hewitt Methodology …….59% reflects engagement responses of agree or strongly agree on three elements of Say, Sta

  13. Slide 13: People & Culture - Safety

    People & Culture - Safety Total Recordable Injury Frequency Rate1 -21.1% 26.6 16.7 12.6 10.6 10.8 7.6 6.2 5.7 4.5 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 • Safety performance remains a key performance measure for all executive STIs starting from CEO down to site management and will remain so. O

  14. Slide 14: Solid Waste Services Performance

    Solid Waste Services Performance FY202 change FY202 change $million FY19 FY19 v Pre AASB FY19 vs Post Net Revenue ($m) and margins (%) (Pre AASB16) (Post AASB16) FY20 AASB FY20 Net revenue1 1,362.3 1,372.8 0.8% 1,372.8 0.8% EBITDA Margin 1,362.3 1,372.8 1,372.8 EBIT Margin EBITDA 352.8 358.1 1.5% 38

  15. Slide 15: Industrial & Waste Services Performance

    Industrial & Waste Services Performance FY201 change FY201 change $million FY19 FY19 v Pre AASB FY19 v Post Net Revenue ($m) and margins (%) (Pre AASB16) (Post AASB16) FY20 AASB FY20 EBITDA Margin Net revenue 341.9 313.4 (8.3)% 313.4 (8.3)% 341.9 EBIT Margin 313.4 313.4 EBITDA 46.6 44.9 (3.6)% 45.9

  16. Slide 16: Liquid Waste & Health Services Performance

    Liquid Waste & Health Services Performance FY201 change FY201 change $million FY19 FY19 v Pre FY19 v Post Net Revenue ($m) and margins (%) (Pre AASB16) (Post AASB16) AASB FY20 AASB FY20 513.6 513.6 EBITDA Margin 495.0 Net revenue 495.0 513.6 3.8% 513.6 3.8% EBIT Margin EBITDA 86.9 97.9 12.7% 106.3 2

  17. Slide 17: Outlook

    Outlook FY21 Trading & Outlook PET plastic Pelletising Joint Venture  Trading conditions have continued to be mixed throughout the country and impact of COVID-19 has been felt most in Victoria.  On a Group level, our first Quarter EBITDA for FY21 was in line with FY20 full year run rate, with cond

  18. Slide 18: Formal Business – Proxy votes received

    Formal Business – Proxy votes received Item Number For Against Abstain Excluded Item 2 1,350,050,705 153,567,196 4,168,869 1,038,943 Remuneration Report 89.59% 10. 19% 0.27% 0.06% Item 3A 1,486,071,732 21,789,828 952,635 0 Re-Election of 98.34% 1.44% N/A N/A Philippe Etienne Item 3B 1,436,171,275 71

  19. Slide 19: Questions

    Questions Confidential | 19 19

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