Slide 1: Investor Presentation 2023 Full Year Results
Investor Presentation 2023 Full Year Results August 2023 SUSTAINED SUCCESSFUL RETURNS 2023
Slide 2: Highlights
HIGHLIGHTS A$830.9m A$57.7m A$109.1m A5.0c A$1.15B REVENUE NET EBITDA TOTAL ORDER PROFIT DIVIDEND* BOOK 2023 51% OVER 3,400 129 150 decrease people employed apprentices, trainees, projects completed or in lost time injury by Civmec graduates and underway in FY23 frequency rate in FY23 undergraduates
Slide 3: Who We Are
WHO WE ARE Civmec is a multidisciplinary heavy engineering and construction company, providing a broad suite of high-quality, integrated services to the Energy, Resources, Infrastructure, Marine and Defence sectors. CONSTRUCTION MANUFACTURING MAINTENANCE AND » Site Earth Works » Shipbuilding CAPITAL
Slide 4: Operating Sectors
OPERATING SECTORS ENERGY RESOURCES INFRASTRUCTURE, MARINE & DEFENCE CIVMEC INVESTOR PRESENTATION FULL YEAR RESULTS 2023 PAGE 4
Slide 5: Our Facilities
OUR FACILITIES Port Hedland NT Gladstone QLD WA SA NSW Henderson Newcastle CIVMEC INVESTOR PRESENTATION FULL YEAR RESULTS 2023 PAGE 5
Slide 6: Strategic Advantages
STRATEGIC ADVANTAGES Civmec’s Henderson site, which is in close proximity to HMAS Stirling, where there is an anticipated further A$8B upgrade, is a strategic advantage. The ability to offer full multi- disciplinary services, East to West has led to major project efficiencies as the supply chain can
Slide 7: West Coast Facility
WEST COAST FACILITY Our west coast fabrication and shipbuilding facility in Henderson, Western Australia, is the largest heavy engineering facility of its kind in Australia. OVERVIEW Shipbuilding Facility Situated just 30 kilometres south of Perth, the Surface Treatment Facility Assembly Hall Fabric
Slide 8: East Coast Facility
EAST COAST FACILITY Our east coast facility is strategically located on 227,000m² of land, just 14 kilometres from the Port of Newcastle in New South Wales OVERVIEW With direct access to the Hunter River, the site offers 535m of prime river frontage, with two ship Precast/Prestressed basins. Concret
Slide 9: Gladstone Facility
GLADSTONE FACILITY Set on around 3,000m2 of land, our Gladstone facility is well positioned for our east coast shutdown and maintenance teams. The Port of Gladstone is the fifth largest multi-commodity port in Australia. OVERVIEW • Our Gladstone facility is well-positioned for east coast shutdown an
Slide 10: Port Hedland Facility
PORT HEDLAND FACILITY The new Port Hedland facility is located on 50,000 m2 of land in the Wedgefield industrial area of Port Hedland. OVERVIEW • Construction is underway in Wedgefield for a 5,000m2 workshop and office development. • Services will include: structural repairs/ modifications and fabri
Slide 11: Financial Highlights FY23
FINANCIAL HIGHLIGHTS FY23 CIVMEC INVESTOR PRESENTATION FULL YEAR RESULTS 2023 PAGE 11
Slide 12: Record Results
RECORD RESULTS REVENUE A$830.9m 2.7% increase from FY22 EBITDA A$109.1m 15.4% increase from FY22 NPAT A$57.7m 13.7% increase from FY22 NET PROFIT MARGIN 6.9% up from 6.3% in FY22 CIVMEC INVESTOR PRESENTATION FULL YEAR RESULTS 2023 PAGE 12
Slide 13: Financial Highlights
FINANCIAL HIGHLIGHTS EARNINGS PER SHARE (A$ cents) 11.42c FY23 up from 10.11c in FY22 NET ASSET VALUE PER SHARE (A$ cents) 83.3c FY23 increase of 12.7% from FY22 FINAL DIVIDEND (A$ cents) 3.0c* FY23 50% increase from FY22 * Proposed final dividend payable on 14 Dec 2023 subject to shareholder approv
Slide 14: Strong Performance
STRONG PERFORMANCE A$ million FY23 FY22 Change Revenue $830.9 $809.3 2.7% EBITDA $109.1 $94.5 15.4% NPAT $57.7 $50.7 13.7% Net Cash (Borrowings) $13.9 ($33.2) Net Assets $420.9 $371.4 13.3% Cash Generated from Operations $122.8 $36.2 239.2% Net Asset Value per Share 83.32c Australian 73.92c Australi
Slide 15: History of Performance
Total Dividend HISTORY OF 5.0 4.5 PERFORMANCE 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0 FY19 FY20 FY21 FY22 FY23 A$m Revenue A$m NPAT 900 60 750 50 600 40 450 30 300 20 150 10 0 0 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 A$m EBITDA A$m Net Assets 120 450 400 100 350 80 300 250 60 200 40 150 100 20
Slide 16: Projects Update
PROJECTS UPDATE PROJECTS CIVMEC INVESTOR PRESENTATION FULL YEAR RESULTS 2023 PAGE 16
Slide 17: Key Projects
KEY PROJECTS Gladstone Port D 27 30 NT 13 Hedland 5 9 10 28 20 23 14 15 QLD 25 24 22 21 C Newcastle 26 WA 17 SA 3531 23 24 32 1016 18 19 14 NSW 33 A 3 7 11 12 10 1 2 6 29 24 B Henderson 4 8 31 34 VIC LOCATIONS A Perth B Newcastle TAS C Gladstone D Port Hedland Refer to Appendix for contract details
Slide 18: Energy Sector
ENERGY SECTOR CLIENT Jansz-low Subsea Baker Hughes for Chevron Subsea Structures LOCATION Henderson, WA DURATION 2022 - 2024 OVERVIEW Civmec was contracted to supply and fabricate the subsea structures for the Jansz-Low Subsea Compression Manifold Station (SCMS) Project, including a module (with str
Slide 19: Resources Sector
RESOURCES SECTOR CLIENT Covalent Lithium Refinery Covalent Lithium Pty Ltd LOCATION Kwinana Western Australia DURATION 2022 - 2024 OVERVIEW The refinery will be located in Kwinana, Western Australia, near Civmec’s facilities in Henderson. The refinery will convert lithium concentrate into high-purit
Slide 20: Resources Sector
RESOURCES SECTOR Western Range First major structural concrete placement. CLIENT Rio Tinto LOCATION Paraburdoo, Pilbara region Western Australia DURATION 2023 - mid 2025 OVERVIEW This iron ore project includes Greenfields and Brownfields scope with the construction of a new Run of Mine (ROM) pad, pr
Slide 21: Infrastructure, Marine and Defence Sector
INFRASTRUCTURE, MARINE AND DEFENCE SECTOR Causeway Pedestrian and Cyclist Bridges CLIENT Main Roads WA (MRWA) LOCATION Perth, WA DURATION April 2022 - Late 2024 OVERVIEW The project comprises two cable-stayed bridges and approach embankments and connects Victoria Park foreshore with Heirisson Island
Slide 22: Infrastructure, Marine and Defence Sector
INFRASTRUCTURE, MARINE AND DEFENCE SECTOR Offshore Patrol Vessels CLIENT Luerssen Australia LOCATION Henderson, WA DURATION 2018 - 2029 OVERVIEW Civmec continues to deliver high-quality blocks (steel sections) for the Royal Australian Navy’s Arafura Class Offshore Patrol Vessels. This financial year
Slide 23: ESG
ENGINEERING SUCCESS ESG CIVMEC INVESTOR PRESENTATION FULL YEAR RESULTS 2023 PAGE 23
Slide 24: ESG Initiatives
ESG INITIATIVES • Investment in a solar PV system for the Stuart Drive yard. • Civmec’s team raised an impressive A$120,615 during this year’s Vinnies CEO Sleepout, securing the top spot for funds raised in Western Australia and ranking fourth nationally. • Civmec Henderson opened the doors to more
Slide 25: ESG Initiatives
ESG INITIATIVES • NAIDOC week celebrations were held across various sites and facilities with the largest gathering held at A$202 the Covalent Lithium site in Kwinana with over 700 million attendees. paid to local suppliers • Manufactured and donated water filtration tanks to the Sione Foundation, a
Slide 26: Outlook for Growth
OUTLOOK FOR GROWTH GROWTH CIVMEC INVESTOR PRESENTATION FULL YEAR RESULTS 2023 PAGE 26
Slide 27: Growth Opportunities
GROWTH OPPORTUNITIES Order book valued at $1.15 billion, tendering remains strong. Significant opportunity pipeline with depth across all operating sectors. Continued enhancement of maintenance offering to target additional long-term, sustainable revenue streams in Energy and Resources. Intention to
Slide 28: Industry Outlook
INDUSTRY OUTLOOK Resources Energy A$B A$B 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Source: BIS Oxford Economics, 2023 Source: BIS Oxford Economics, 2023 Maintenance Infrastructure, Marine & Defence A$
Slide 29: Investor Proposition
INVESTOR PROPOSITION ASX Share Price & Trading Volume July 2022-August 2023 507,456,000 A$0.90 1,000,000 SHARES ON ISSUE SHARE PRICE AT 1.20 900,000 25th AUGUST 2023 1.00 800,000 (ASX) 700,000 A$454.6million 0.80 600,000 MARKET CAPITALISATION 0.60 500,000 A$0.83 0.40 400,000 NET ASSETS - 300,000 A$4
Slide 30: Success
We will continue to pursue long-term growth and sustainability, targeting repeat-order opportunities and constantly striving to profitably increase diversified revenues. SUCCESS CIVMEC INVESTOR CIVMEC PRESENTATION FULL INVESTOR PRESENTATION FULL YEAR YEAR RESULTS RESULTS 2023 2023 PAGE PAGE 30 30
Slide 31: Disclaimer
DISCLAIMER This presentation has been prepared by the management of Civmec Limited (the Company) for the benefit of brokers, analysts and investors and not as any specific advice to any particular party or person. The information is based on publicly available information, internally developed data
Slide 32: Appendices
APPENDICES Key Civmec projects completed or in delivery during FY23 Energy Resources Infrastructure, Marine and Defence CLIENT/OWNER PROJECT LOCATION CLIENT/OWNER PROJECT LOCATION 1 Baker Hughes for Beach Otway Offshore Phase 5 Project – subsea structures Henderson, WA 19 Newmont Maintenance and cap