Gr Engineering Services Ltd · ASX:GNG

Gr Engineering Services — Investor Presentation (February 2022)

14 slides from Gr Engineering Services's investor presentation, Feb 22, 2022

  1. Slide 1: GR Engineering Services Limited Investor Presentation

    Providing global mineral processing solutions ASX:GNG ASX:ABC GR Engineering Services Limited Investor Presentation 22 February 2022

  2. Slide 2: HY22 Results Summary

    HY22 Results Summary Earnings Balance Sheet & Cash Flow Revenue Cash $400m $100m $300m $80m $60m HY22 $200m HY22 HY21 $40m 93.6 $100m 302.3 HY21 176.3 $20m 52.8 $0m $0m EBITDA Net Operating Cash Flow $30m $50m $40m $20m $30m HY22 $20m HY22 $10m 24.3 HY21 39.7 HY21 $10m 14.2 17.8 $0m $0m PBT Interim

  3. Slide 3: HY22 Results

    HY22 Results  GR Engineering reported record HY22 revenue of $302.3 million and EBITDA of $24.3 million, continuing the strong momentum generated from FY21.  During HY22, GR Engineering has safely and successfully progressed the work on multiple projects across a broad mix of commodities.  GR Eng

  4. Slide 4: Balance sheet

    Balance sheet  Strong balance sheet maintained at 31 December 2021.  Cash: $93.6 million (30 June 2021: $69.0 million).  Significant headroom on bank guarantee and bonding facilities.  Interim dividend declared: 9.0 cents per share (fully franked) (HY21: 5.0 cents per share (fully franked)). GR

  5. Slide 5: Mineral Processing

    Mineral Processing  GR Engineering’s design and construction order book of current work includes: Company Project Type ($’m) Northern Star Resources Limited Thunderbox 6 Mtpa EPC 101.0 Expansion Project Abra Mining Pty Ltd Abra Base Metals Project EPC 89.5 and Paste Plant Calidus Resources Limited

  6. Slide 6: Mineral Processing

    Mineral Processing  GR Engineering’s pipeline of near term work opportunities includes, but is not limited to, the following projects: - Kimberley Sands JV – Thunderbird Mineral Sands Project; - OZ Minerals Limited – West Musgrave Project; - Bellevue Gold Limited – Bellevue Gold Project; - EcoGraf

  7. Slide 7: Oil, Gas, Energy & Water - Upstream PS

    Oil, Gas, Energy & Water - Upstream PS  GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue alongside project based design and construction work.  During HY22, revenue contributions were primarily from: - Working with the Austral

  8. Slide 8: Process Controls Systems - Mipac

    Process Controls Systems - Mipac  In May 2021, GR Engineering successfully acquired the Mipac business, a leading global provider of controls systems engineering, automation and technology services.  Mipac enhances GR Engineering’s control systems design capabilities and expands its service offeri

  9. Slide 9: Environmental Social Governance

    Environmental Social Governance  At GR Engineering we: - Favour local suppliers and supply chain ethics that are supported by our standards; - Support engineering students with Curtin University scholarships; - Support our communities via programs including Ronald McDonald House and Starlight Child

  10. Slide 10: FY22 Outlook

    FY22 Outlook  GR Engineering continues to build its contracted and near term prospective pipeline of work across a diverse commodity base and also increase its revenue and earnings visibility for FY23 and future years.  The consolidated entity now expects revenue for FY22 to be in the range of $58

  11. Slide 11: Selected Clients

    Selected Clients GR Engineering Upstream Production Solutions Mipac GR Engineering Services (ASX:GNG) 11

  12. Slide 12: Corporate Profile

    Corporate Profile Capital Structure Share Price History Shares on issue m 161.2 2.50 2,500,000 Share price (GNG.ASX) (18 Feb 2022) $ 2.07 2.00 2,000,000 Market Capitalisation $m 333.7 1.50 1,500,000 Cash (31 Dec 2021) $m 93.6 1.00 1,000,000 Debt (31 Dec 2021) (excluding lease liabilities) $m 2.0 0.5

  13. Slide 13: Contact Details

    Contact Details Geoff Jones GR Engineering 71 Daly Street Building 3, Level 3, Managing Director Ascot WA 6104 Kings Row Office Park  PO Box 258 42 McDougall Street  +61 8 6272 6000 Belmont WA 6984 Milton QLD 4064  +61 8 6272 6000  +61 7 3838 8000  geoff.jones@gres.com.au Upstream PS Level 16,

  14. Slide 14: Disclaimer

    Disclaimer RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL This presentation may contain information that has been Nothing in this presentation should be construed as INFORMATION derived from publicly available sources that have not either an offer to sel

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