Alfabs Australia Ltd. · ASX:AAL
Alfabs Australia — Investor Presentation (June 2024)
25 slides from Alfabs Australia's investor presentation, Jul 1, 2024
Slide 1: Investor Presentation Alfabs Group June 2024
For personal use only INVESTOR PRESENTATION ALFABS GROUP June 2024 I N V E S T O R P R E S E N T A T I O N : A A L 1
Slide 2: Disclaimer
Disclaimer This presentation, any information contained within it and any information supplied in connection with the presentation (the Presentation) has been prepared by Alfabs Australia Limited ACN 674 455 442 (Alfabs or Company) and contains general background For personal use only information re
Slide 3: Section 1: Introducing Alfabs
For personal use only SECTION 1 INTRODUCING ALFABS I N V E S T O R P R E S E N T A T I O N : A A L 3
Slide 4: Why Invest in Alfabs
Why Invest in ALFABS For personal use only • Alfabs is a market-leading, diversified group of companies that primarily operates across two divisions in Australia: • Mining: Leading equipment hire business to operators in the underground black coal mining industry in Australia, as well as supplier of
Slide 5: Alfabs History
ALFABS History For personal use only Alfabs team at Cardiff circa 1957 Originally formed in the 1950s as Alfabs Engineers. Since 1986, the group has been owned and operated by the Torrance family, led by Paul Torrance. In 2000, Matt Torrance succeeded Paul as General Manager and has transitioned to
Slide 6: Alfabs Board & Management
ALFABS Board & Management For personal use only WILLIAM WAVISH – Non-Executive Chairman The Directors (excluding Matthew Torrance) will hold approximately 3.96% of the Former CFO and Finance Director at Woolworths. Previous roles include Executive Chairman of Myer, Chief Operations Manager at Indust
Slide 7: Section: Industry Overview
For personal use only SECTION 2 INDUSTRY OVERVIEW I N V E S T O R P R E S E N T A T I O N : A A L 7
Slide 8: Mining – Equipment Hire & Consumables
Mining – Equipment Hire & Consumables For personal use only Supporting established industries with strong fundamentals World Steel Production (Mt), 2023-20291,3 • Sustained growth in Steel Demand • Growth in industrial output and infrastructure-driven demand, will support steel world production whic
Slide 9: Engineering Services – Infrastructure & Mining
Engineering Services – Infrastructure & Mining For personal use only Growing need to support transport infrastructure and mining projects Total Value of Transport Infrastructure Engineering Construction Work Done, Australia, 2015-16 to 2022-20231,2 • High levels of transport and mining infrastructur
Slide 10: Section: Company Overview
For personal use only SECTION 3 COMPANY OVERVIEW I N V E S T O R P R E S E N T A T I O N : A A L 10
Slide 11: Divisional Overview: Mining
Divisional Overview For personal use only Mining (December H124 results) Business Model Mackay, QLD Term based contract model: Highly predictable revenue model driven by majority of $25.0m REVENUE Alfabs Locations Coal Deposits Kurri Kurri, NSW contracts being on a term basis, resulting in a rate of
Slide 12: Mining Equipment Hire
Mining Equipment Hire For personal use only Specialises in the supply, design, The Company's in-depth understanding of the underground coal mining industry's needs allows it to develop innovative equipment packages and maintain a diverse manufacture, hire, service and fleet of assets for short- and
Slide 13: Mining Workshop & Mining Consumables
Mining Workshop & Mining Consumables For personal use only Alfabs has its own workshops for the manufacture, design, Alfabs provides consumables relevant to the underground repair, rebuild and overhaul of underground mining coal mining industry. equipment. Its main product is the stone dust ‘Bat Bag
Slide 14: Divisional Overview: Engineering
Divisional Overview For personal use only Engineering (December H124 results) Business Model DIVISIONAL OVERVIEW Contract model: Alfabs Engineering primarily operates on a contract-based model, $23.8m REVENUE Engineering Fabrication: Fabrication of heavy structural steel for public and private infra
Slide 15: Engineering Division – Multi-Service Provider
Engineering Division – Multi-Service Provider For personal use only Steel & infrastructure installation Protective Coatings Transport & logistics, Forklift & access & site services • Services include abrasive blasting, protective • Transport and Logistics is an integral and trusted • Onsite steel in
Slide 16: Engineering Project Portfolio
Engineering Project Portfolio For personal use only PROJECT • Construction of the roof required ~8,000-man hours from a team of 45 skilled workers. • Fabrication of the roof comprised 58 Cassettes (up to 13m long) and 8 Girders (up to 21m long) totalling 342 tonnes of steel. • The roof was fully con
Slide 17: Growth Strategy
Growth Strategy For personal use only New Contract Major Mining Equipment Refurbishing Used Bolt-on Acquisitions Investment to Support Equipment to Support New In 2023, the Company Existing and New Contracts and Existing Contracts • Alongside its organic growth executed a long-term hire initiatives,
Slide 18: Section: Financial Information
For personal use only SECTION 4 FINANCIAL INFORMATION I N V E S T O R P R E S E N T A T I O N : A A L 18
Slide 19: Alfabs Financial Performance
ALFABS Financial Performance KEY FINANCIAL METRICS (Pro Forma $m) For personal use only Revenue EBITDA NPAT COMMENTARY $85.0 $94.0 $18.0 $78.2 $6.0 • Revenue growth of 8.7% in FY23 and 10.6% for FY24F is underpinned by $14.4 growing Mining revenues due to the growth and expansion of fleet of $4.9 un
Slide 20: Pro Forma Balance Sheet
Pro Forma Balance Sheet For personal use only Bank facilities commentary $ millions 31-Dec-23 31-Dec-23 Pro Forma Statutory Impact of the Offer Pro Forma • Alfabs has a $22 million corporate markets loan to fund the Adjustments Total Assets 80.2 27.1 16.2 123.5 acquisition of equipment required to b
Slide 21: Statutory & Pro Forma Historical Cash Flows
Statutory & Pro Forma Historical Cash Flows For personal use only Commentary Statutory and pro forma historical cash flows $ millions Historical Historical • In FY23, operating cash flows increased to $13.3 Statutory Pro Forma million up $2.8 million in line with improvements to EBITDA. FY22 FY23 H1
Slide 22: Appendix A: Additional Information
For personal use only APPENDIX A ADDITIONAL INFORMATION I N V E S T O R P R E S E N T A T I O N : A A L 22
Slide 23: Environmental & Quality Certifications
Environmental & Quality Certifications Alfabs Group is also a Platinum member of the ASI For personal use only Alfabs Group is certified to ISO 14001 Environmental Sustainability Charter (ESC) and fully certified The Alfabs Engineering business holds an Environmental Management Systems. to the perfo
Slide 24: Key Risks
Key Risks For personal use only This Section describes key risks Competition Reliance on Downturn in resources Significant Macroeconomic associated with an investment key personnel or infrastructure management conditions in the Company’s business and The markets in which industry ownership an invest
Slide 25: Thank you
For personal use only Thank you I N V E S T O R P R E S E N T A T I O N : A A L 25