Slide 1: Investor Presentation
Investor Presentation 1 March 2021 For personal use only
Slide 2: Our Strategy
Our Strategy For personal use only Growing to increase the Company’s diversity and strength Facilitate larger projects and minimise vulnerability to changing market conditions Extend Strategic Larger Geographical Alliances and Projects Presence Investments Strong Extend Client and Diversify Acquisit
Slide 3: HY21 Results Summary
HY21 Results Summary For personal use only Earnings Balance Sheet & Cash Flow Revenue Cash $200m $60m $150m $40m $100m HY21 HY21 176.3 HY20 $20m 52.8 $50m HY20 95.3 $0m $0m 20.7 EBITDA Net Operating Cash Flow $20m $20m $10m HY21 HY21 $10m 14.2 17.8 $0m HY20 $0m -$10m -15.4 HY20 -7.5 -$20m -$10m PBT
Slide 4: HY21 Results
HY21 Results For personal use only GR Engineering increased revenue by 85.0% to $176.3 million. The EBITDA contribution was $14.2 million which was a strong turnaround from the prior corresponding period. Cash generation was excellent and resulted in a high conversion of EBITDA to free cashflows
Slide 5: Mineral Processing
Mineral Processing Practical completion was achieved on the following projects in HY21: For personal use only - Saracen Minerals Holdings Ltd’s Carosue Dam Operations Plant Expansion Project (excluding variation work) - Tellus Holdings Limited’s Sandy Ridge Project Practical completion was also
Slide 6: Mineral Processing
Mineral Processing For personal use only GR Engineering’s pipeline of work opportunities includes: Galena Mining Ltd Abra Base Metals Project $74m Australia Geopacific Resources Ltd Woodlark Gold Project $92m PNG EcoGraf (Australia) Ltd WA Battery Graphite Manufacturing Facility $25m Australia She
Slide 7: Oil & Gas
Oil & Gas For personal use only GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue which results in baseline revenue alongside project based design and construction work. During HY21, revenue contributions were primarily from:
Slide 8: Balance Sheet
Balance Sheet For personal use only Strong balance sheet maintained at 31 December 2020 Cash: $52.8 million (31 December 2019: $20.7 million) Significant headroom on bank guarantee and bonding facilities Net operating cashflows: $17.8 million (HY20: negative $7.5 million) Half year dividen
Slide 9: FY21 Outlook
FY21 Outlook For personal use only As the consolidated entity moves into FY21, GR Engineering has a strong order book dominated by Australian projects. The consolidated entity expects revenue for FY21 to be in the range of $340 million to $360 million, with improved EBITDA margins. GR Engineer
Slide 10: Capabilities
Capabilities For personal use only GR Engineering Selected Clients Process engineering design and construction contractor servicing the mining and minerals processing industry Specialising in EPC / EPCM project delivery to provide project outcomes with secure cost, time, plant performance and co
Slide 11: Corporate Profile
Corporate Profile For personal use only Capital Structure Share price history $1.60 0.9 Shares on issue m 155.2 $1.40 0.8 0.7 Share price (GNG.ASX) (26 Feb 2021) $ 1.37 $1.20 0.6 $1.00 Market Capitalisation $m 212.6 0.5 $0.80 0.4 Cash (31 December 2020) $m 52.8 $0.60 0.3 $0.40 0.2 Debt (31 December
Slide 12: Contact Details
Contact Details Australian Office Details GR Engineering Services Ltd For personal use only 71 Daly Street Building 3, Level 3, Geoff Jones Ascot WA 6104 Kings Row Office Park 42 McDougall Street Managing Director PO Box 258 Milton QLD 4064 Belmont WA 6984 +61 8 6272 6000 +61 7 3838 8000 geo
Slide 13: Disclaimer
Disclaimer For personal use only 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
Slide 14: GRES Locations
For personal use only GRES Locations