Shape Australia Corporation Limited · ASX:SHA
Shape Australia — H1 FY2023 Earnings Presentation
22 slides from Shape Australia's earnings presentation, Feb 24, 2023
Slide 1: H1FY23 Half Year Results Presentation
H1FY23 Half Year Results For personal use only Presentation 24 FEBRUARY 2023 SHAPE AUSTRALIA CORPORATION LIMITED ABN 14 654 729 352 shape.com.au H1 FY23 Half-Year Results Presentation
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in SHAPE Australia Corporation Limited o
Slide 3: Welcome
For personal use only Welcome shape.com.au H1 FY23 Half-Year Results Presentation
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only CAPITAL STRUCTURE AS AT 31 DECEMBER 2022 ASX Code SHA Shares on issue 83,489,260 Share price 1.52 Market capitalisation $126,903,675 Cash $112,577,850 Borrowings $6,687,500 Net cash $105,890,350 Dividend declared from H1 FY23 5 cents 4 shape.com.au H1 FY23 Ha
Slide 5: Corporate Snapshot: About SHAPE
Corporate Snapshot For personal use only About SHAPE Leading Australia-wide fitout and construction services specialist. OUR VISION FAÇADES Our vision is to be the partner of choice and the place From aesthetic upgrades to compliance-driven cladding where everyone wants to work. replacement requirem
Slide 6: Board of Directors
Board of Directors For personal use only Jim Sloman OAM Craig van der Laan Jane Lloyd Peter Marix-Evans Greg Miles Kathy Parsons Scott Jamieson Michael Barnes Non-Executive Director Non-Executive Director Non-Executive Director CEO and Managing Director Non-Executive Chair Non-Executive Director CFO
Slide 7: H1FY23 Financial Highlights
H1FY23 Financial Highlights For personal use only REVENUE EBITDA NET PROFIT AFTER TAX GROSS PROFIT $436.3M $9.3M $4.7M 7.4% 32% UNDERLYING STATUTORY UNDERLYING STATUTORY UNDERLYING STATUTORY 108% 11% 200% 19% 16% 13% EARNINGS PER SHARE CASH PROJECT WINS BACKLOG ORDERS 5.6 CENTS $112.6M $409.3M $369.
Slide 8: H1FY23 Operational Highlights
H1FY23 Operational Highlights For personal use only SAFETY Our safety commitment and culture is spearheaded by our "Path to Perfect Safety" programme: ᴧ 32% improvement to TRIFR (4.7). ᴧ 29% increase in the number of proactive safety observations logged (28,000+). PEOPLE & ✓ Sustainability Award for
Slide 9: Financial Overview
For personal use only Financial Overview shape.com.au H1 FY23 Half-Year Results Presentation
Slide 10: Financial Commentary
Financial Commentary For personal use only • Positive business performance in H1 FY23 with 32.5% increase in Revenue • Underlying NPAT increased 200% on prior corresponding period. • Well-positioned for growth maintaining a strong backlog orderbook of $369M. • Sound cash management and strong cash p
Slide 11: Operations
For personal use only Operations shape.com.au H1 FY23 Half-Year Results Presentation
Slide 12: Key Sector & Project Overview
Key Sector & Project Overview FIGURES AS AT 31 December 2022 For personal use only REVENUE BY REGION REVENUE BY MARKET REVENUE BY SECTOR 12 shape.com.au H1 FY23 Half-Year Results Presentation
Slide 13: Pipeline & Order Book
Pipeline & Order Book FIGURES AS AT 31 December 2022 For personal use only BACKLOG ORDER BOOK BY MARKET PIPELINE BY SECTOR IDENTIFIED PIPELINE $2.7B 17% Increase on PCP (2.3B) PROJECTS WON $393M MAINTAINED A STRONG TENDER CONVERSION RATE 56%(By number) Up 8% on PCP of 51.8% 13 shape.com.au H1 FY23 H
Slide 14: DLG SHAPE
DLG SHAPE For personal use only Management fees generated to SHAPE increased by 62% to $1.12M during the reporting period. IDENTIFIED DLG PIPELINE $300M PROJECTS WON • Continued strong performance for DLG SHAPE. • SHAPE maintained 49% ownership, with 51% David SPEND WITH INDIGENOUS BUSINESS $26M SPE
Slide 15: Growth Strategy
Growth Strategy For personal use only SHAPE’s growth strategy is focused on three distinct pillars: 1. Grow revenue in existing and new core markets. 2. Continue investment into diversification into sideways markets: Defence, Science and Healthcare and Facade remediation. 3. Grow Modular Business. R
Slide 16: Safety
Safety For personal use only YEAR TRIFR LTIFR NO. OF MTI NO. OF LTI NO. OF RWI H1FY23 4.7 1.2 5 1 1 FY22 6.7 2.0 16 8 3 FY21 6.1 2.8 6 10 6 FY20 6.5 2.0 10 8 8 FY19 7.3 2.3 12 8 6 NOTE: Statistics include all SHAPE & subcontractor hours. AGENCY ACCREDITATION / CERTIFICATE International Organisation
Slide 17: Sustainability
Sustainability For personal use only Carbon Neutral Office Electrical 2,959t Co2-e Consumption Carbon footprint measured for the Climate Active Certification Carbon Footprint Offset first time to establish impact achieved for Corporate Operations with renewable energy Carbon Accounting SHAPE State G
Slide 18: SHAPE Modular
SHAPE Modular For personal use only • Acquisition of KLMSA completed 1 April 2022. • Integration program on track with all financial systems now integrated. • Backlog Orderbook of $15.1M, which will support current production capacity. • Strong pipeline of work with the business already taking inqui
Slide 19: Summary
Summary For personal use only FINANCIAL • SHAPE well positioned with continued investment in strategic growth initiatives. • Significant increase in revenue through core business and strategic focus on Defence • Increase in underlying Gross Margin with continued focus on increased commercial outcome
Slide 20: Questions?
For personal use only Questions? 20
Slide 21: Appendix
For personal use only Appendix 21
Slide 22: A. Reconciliation of Profit before Income tax to EBITDA and Underlying EBITDA
A. Reconciliation of Profit before Income tax to EBITDA and Underlying EBITDA (unaudited) For personal use only 31 Dec 2022 31 Dec 2021 $’000 $’000 Profit before income tax 7,019 8,303 Depreciation and amortisation 2,654 2,113 Interest revenue (954) (126) Finance costs 623 214 EBITDA 9,342 10,504 In