Slide 1: The Environmental Group Limited 1HFY25 Financial Results Presentation
The Environmental Group Limited Engineering a Sustainable Future 1HFY25 Financial Results Presentation February 2025
Slide 2: Disclaimer
Disclaimer The Environmental Group Limited advises that these presentation slides contain forward looking statements which may be subject to significant uncertainties outside of EGL’s control. No representation is made as to the accuracy or reliability of forward-looking statements or the assumption
Slide 3: Agenda
Agenda 01 Results highlights 02 Operating units 03 Outlook 04 Questions 3
Slide 4: Results highlights
01 Results highlights 4
Slide 5: 1HFY25 Financial Results
1HFY25 Financial Results $54.2M $3.9M $2.5M 52% Revenue up 16.1% Underlying* Underlying* EBIT Revenue is on PCP EBITDA down down 27.7% on recurring, largely 13.9% due to one- PCP service and off cost overrun maintenance $1.4M $1.2M $8.0M 10–15% NPAT down One–off Baltec Net cash on hand Increase in 3
Slide 6: Operating Units
02 |* Operating Units
Slide 7: The Environmental Group Limited
The Environmental Group Limited
Slide 8: 1H25 Results Commentary
1H25 RESULTS COMMENTARY Revenue 1H25 $19.7M • Revenue growth accelerated in the first half of the year reflecting the growth in demand for gas generated peaking power. 1H24 $10.7M • As announced in the Trading Update lodged with ASX in November Up 84.5% 2024, one project within Baltec incurred a mat
Slide 9: Parts List
% FF; Parts List Part Number Access Systems - Inlet Weather Hood Filter Module Inlet Ducting Inlet Sitencer Acoustic Enclosure Inlet Expansion Joint 14 Gas Turbine Exhaust Ducting 13 Diverter Damper Guillotine Damper Exhaust Expansion Joint Exhaust Silencer 15 Exhaust Stack Support Structure Access
Slide 10: Key Products
Key Products Diverter Damper Inlet Filter Silencer Bypass & HRSG Guillotine Heating & Cooling Exhaust System Damper Systems 10
Slide 11: 02
02 11
Slide 12: 1H25 Results Commentary
1H25 RESULTS COMMENTARY Revenue 1H25 $24.4M • Our increased installed capacity is growing our base of recurring service revenue. 1H24 $18.2M • As expected, EBITDA margin declined 2.1% due to costs associated Up 34.0% with onboarding and training 10 new service staff hired in the period to support to
Slide 13: Key Products
Key Products Industrial Steam Industrial Package Large Commercial Hot Boiler Boiler Water Boilers Thermal Oil Heaters Biomass Steam & Hot Vertical Steam Boiler Water Generation 13
Slide 14: EGL Clean Air
G; EGL SOF CLEAN AIR
Slide 15: 1H25 Results Commentary
Revenue 1H25 RESULTS COMMENTARY 1H25 $9.6M 1H24 $17.5.M • As noted in our FY24 results and AGM commentary, EGL Clean Air has faced challenging market conditions. Margins declined in the half with Down 45.1% several projects going on hold or being postponed. • There has been a significant decline in
Slide 16: Key Products
Key Products Dry Scrubber Wet Chemical Particulate Dust & Fume Scrubber Scrubber / Cyclones Collectors Fabric Filter Electrostatic Flue-Gas Modular Duct & Hose (Baghouse) Precipitators Desulphurisation Systems 16
Slide 17: 02
02 17
Slide 18: 1H25 Results Commentary
1H25 RESULTS COMMENTARY Revenue • Our offering is continuing to grow beyond sales of Turmec recycling plants and now includes an exclusive distribution agreement for 1H25 $0.6M Kadant PAAL bailers and provision of servicing, maintenance and spares (launched in FY24). 1H24 $0.4M • EGL Waste has had e
Slide 19: Municipal Solid Waste and recycling plant types
Municipal Solid Commingled or Construction & Waste (MSW) Mixed Dry Recycling Demolition (C&D) Construction & Industrial (C&I) Refuse Derived Fuel Waste to Energy Rubber (RDF) Solid Recovered Fuel (SRF) 19
Slide 20: 02
02 20
Slide 21: 1H25 Commentary
1H25 COMMENTARY • EGL Water achieved a significant milestone this half with Reclaim Waste’s liquid waste facility receiving draft approval from the Environmental Protection Agency (EPA), with the final licence pending issue, to treat per- and poly-fluoroalkyl substances (PFAS) at its Laverton facili
Slide 22: Effectively removing PFAS from water, soil and biosolids
Effectively removing PFAS from Adaptable Size, Layout water, soil and biosolids, reducing & Configuration companies’ risks & costs. Isolating PFAS from Foam Fraction original input (PFAS Technology output is 1% of its original input) 22
Slide 23: PFAS Separation
PFAS Separation Removing 99% of PFAS Sewer Slug Bore Water Ground Water Leachate Industrial Water Soil 23
Slide 24: Outlook
%, The Environmental g Sroup Limited
Slide 25: EGL outlook
EGL outlook • EGL Baltec is set to have strong performance with a large sales pipeline supporting the transition to increased renewable energy. • EGL Air conditions remain difficult in the mining sector, introducing strategies to grow, dust extraction showing green shoots on improving market. • EGL
Slide 26: Questions
04 Questions 26
Slide 27: Head Office
HEAD OFFICE Suite 2.01 | Level 2 315 Ferntree Gully Road Disclaimer Mount Waverley Victoria 3149 The Environmental Group Limited advises that these presentation slides contain forward looking Phone: 03 9541 8699 statements which may be subject to significant uncertainties outside of EGL’s control. N
Slide 28: Appendix A: Reconciliation of Statutory to underlying results
Ml = Appendix A y “4s y Reconciliation of Statutory (4D) to underlying results FY25 ($M) Revenue Costs of sales Gross profit Employee expenses Professional fees Travel expenses Marketing expenses Occupancy expenses Other expenses Operating EBITDA Depreciation and amortisation EBIT Interest Income In