Slide 1: Providing global mineral processing solutions
Providing global mineral processing solutions ASX:GNG ASX:ABC For personal use only GR Engineering Services Limited Investor Presentation August 2021
Slide 2: Capabilities
Capabilities For personal use only GR Engineering Process engineering design and construction contractor servicing the mining and minerals processing industry. Specialising in EPC / EPCM project delivery to provide outcomes with secure cost, time, plant performance and quality warranties and gua
Slide 3: Selected Clients
Selected Clients For personal use only GR Engineering Upstream Production Solutions Mipac GR Engineering Services (ASX:GNG) 3
Slide 4: FY21 Results
FY21 Results For personal use only GR Engineering reported record FY21 revenue of $392.4 million and EBITDA of $37.2 million. GR Engineering achieved revenue growth of 76% during FY21 as a result of strong contracting activity and solid operational performance in a challenging market environment
Slide 5: FY21 Results Summary
FY21 Results Summary For personal use only Earnings Balance Sheet & Cash Flow Revenue Cash $400m $80m $300m $60m $200m FY21 $40m FY21 392.4 FY20 69.0 FY20 $100m $20m 222.4 37.5 $0m $0m EBITDA Net Operating Cash Flow $40m $50m Underlying $40m $30m EBITDA* $30m FY21 $20m FY21 37.2 $20m 49.5 FY20 FY20
Slide 6: Balance Sheet & Cashflows
Balance Sheet & Cashflows For personal use only Strong balance sheet maintained at 30 June 2021. Cash: $69.0 million (30 June 2020: $37.5 million). High EBITDA to cash conversion - net operating cashflows: $49.5 million (30 June 2020: $11.2 million). Significant headroom on bank guarantee an
Slide 7: Mineral Processing
Mineral Processing For personal use only GR Engineering’s design and construction order book for works currently being undertaken and which will continue into FY22 include: Company Project Type Value ($’m) Northern Star Resources Thunderbox 6 Mtpa EPC 101.0 Limited Expansion Project Calidus Resour
Slide 8: Mineral Processing
Mineral Processing For personal use only GR Engineering’s pipeline of work opportunities include: Company Project Type Value ($’m) Abra Mining (50% owned Abra Base Metals Project EPC 74.0 by Galena Mining Ltd) Sheffield Resources Thunderbird Mineral Sands EPC 244.0 Limited Project Geopacific Resou
Slide 9: Oil & Gas
Oil & Gas For personal use only GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue alongside project based design and construction work. During FY21, revenue contributions were primarily from: - Wellsite and plant maintenance
Slide 10: FY22 Outlook
FY22 Outlook For personal use only GR Engineering has been successful in building its order book for FY22 and FY23. The consolidated entity expected revenue for FY22 to be in the range of $440 million to $460 million. GR Engineering’s strong balance sheet means that it is well capitalised to d
Slide 11: Corporate Profile
Corporate Profile For personal use only Capital Structure Share Price History Shares on issue m 160.9 2.00 700,000 Share price (GNG.ASX) (25 August 21) $ 1.73 600,000 1.50 500,000 Market Capitalisation $m 278.3 400,000 1.00 Cash (30 June 2021) $m 69.0 300,000 200,000 Debt (30 June 2021) (excluding l
Slide 12: Contact Details
Contact Details For personal use only 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
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 either INFORMATION derived from publicly available sources that ha