17 slides from Gr Engineering Services's shareholder meeting presentation, Nov 15, 2016
Slide 1: 2016 Annual General Meeting
For personal use only 2016 Annual General Meeting 15 November 2016
Slide 2: Resolution 1: Adopt Remuneration Report
Resolution 1 For personal use only Non Binding Resolution to adopt Remuneration Report To consider and, if thought fit, pass the following as a non-binding resolution: "That the Remuneration Report as set out in the Annual Report be adopted." For Against Abstain Proxy’s Discretion 51,642,063 1,771,0
Slide 3: Resolution 2: Re-election of Tony Patrizi as a Director
Resolution 2 For personal use only Re-election of Tony Patrizi as a Director To consider and, if thought fit, pass the following as an ordinary resolution: “That, Tony Patrizi, who retires in accordance with clause 13.2 of the Constitution and, being eligible for re- election, be re-elected in accor
Slide 4: Resolution 3: Election of Phil Lockyer as a Director
Resolution 3 For personal use only Election of Phil Lockyer as a Director To consider and, if thought fit, pass the following as an ordinary resolution: “That, Phil Lockyer, who was appointed as a Director pursuant to clause 13.5 of the Constitution to fill a casual vacancy and being eligible for el
Slide 5: Resolution 4: Issue of Share Appreciation Rights to Geoff Jones
Resolution 4 For personal use only Issue of Share Appreciation Rights to Geoff Jones To consider, and if thought fit, to pass the following resolution as an ordinary resolution: "That, for the purposes of section 208 of the Corporations Act and Listing Rule 10.14 and all other purposes the Directors
Slide 6: Annual General Meeting
For personal use only Investor Presentation 2016 Annual General Meeting 15 November 2016 August 2016
Slide 7: FY16 Results Summary
FY16 Results Summary For personal use only Improvement on FY15 across all key earnings metrics EPS growth and improved shareholder returns Revenue EBITDA PBT EPS Dividend $255.3m $26.1m $25.4m 12.7cps 10cps 8.6cps 9.5cps $216.9m $20.3m $17.2m 18% 29% 48% 48% 5% FY16 FY15 7
Slide 8: FY16 Results Summary: Balance Sheet & Cash Flow
FY16 Results Summary For personal use only Balance Sheet & Cash Flow Revenue by Commodity Net cash - $64.0 million Listed investments - $3.7 million 15% Gold 25% No material debt (<$1.0 million) 2% Base Metals Net operating cashflow - $18.2 million Other Metals 58% Final dividend 5cps (ful
Slide 9: FY16 Operational Performance
FY16 Operational Performance For personal use only Earnings growth driven by record levels of EPC contracting activity Lost Time Injury Frequency Rate (LTIFR) of 0.42 and Total Recordable Injury Frequency Rate (TRIFR) of 5.89 – focus remains on zero harm Delivery of Hemerdon Tungsten & Tin Pro
Slide 10: FY16 Project Summary
FY16 Project Summary For personal use only Commodity Mix Revenue by Commodity Design and construction activity predominantly associated with gold and base metals projects (Nova, Deflector, Wetar) Gold 15% Additional contribution from industrial metals projects in WA 25% 2% Base Metals and the UK
Slide 11: Upstream Production Solutions
Upstream Production Solutions For personal use only Financial Revenue $37.7 million (FY15 $31.2 million) 21% EBITDA $3.3 million Financial performance underpinned by recurring revenue and new contract awards Operations Several contract awards and renewals in FY16 for the provision of opera
Slide 12: Looking Ahead
Looking Ahead For personal use only Order book and pipeline Mungana gold, lead/zinc concentrator EPC works awarded post FY16 – commenced and due for completion in 2H17 Ongoing contributions from Nova Nickel Project, Chillagoe Project (Mungana), Wetar Copper Expansion Project in Indonesia and Oly
Slide 13: Appendix: Historical Earnings Performance
Appendix: Historical Earnings Performance For personal use only Revenue EBITDA PBT $300m $30m 26.1 $30m 255.3 25.4 216.9 20.3 $200m $20m 17.2 $20m 16.8 17.2 114.7 114.2 11 11.5 $100m $10m $10m $0m $0m $0m FY13 FY14 FY15 FY16 FY13 FY14 FY15 FY16 FY13 FY14 FY15 FY16 NPAT EPS DPS $20m 19.3 15c 12.0 12.
Slide 14: Appendix: Corporate Summary
Appendix: Corporate Summary For personal use only Capital Structure Share Price Performance Shares on issue m 152.9 Share price (GNG.ASX) (14/11/16) $ 1.70 Market capitalisation $m 260.0 Cash (30 June 2016) $m 64.9 Debt (30 June 2016) $m 0.9 Enterprise Value $m 196.0 Directors & Management Register
Slide 15: Appendix: About GR Engineering
Appendix: About GR Engineering For personal use only Mineral Processing Selected Clients Process engineering design and construction contractor servicing the mining and minerals processing industry Specialising in EPC / EPCM contracting to provide project delivery with secure cost, time, plant p
Slide 16: Contact
Contact For personal use only Geoff Jones Australian Office Details Managing Director +61 8 6272 6000 geoff.jones@gres.com.au 179 Great Eastern Highway 17 Graystone Street Belmont WA 6104 Tingalpa QLD 4173 PO Box 258 +61 7 3838 8000 Joe Totaro Belmont WA 6984 CFO & Company Secretary +61 8
Slide 17: 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