Cleanaway Waste Management Ltd. · ASX:CWY
Cleanaway Waste Management — Macquarie Australia Conference 2024
16 slides from Cleanaway Waste Management's conference presentation, May 7, 2024
Slide 1: Presentation - Macquarie Australia Conference
7 May 2024 Company Announcements Office ASX Limited Exchange Office Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam, PRESENTATION - MACQUARIE AUSTRALIA CONFERENCE Please find attached the presentation by the CEO and Managing Director Mark Schubert at the Macquarie Australia Conference today
Slide 2: Cleanaway Waste Management - Macquarie Australia Conference
Cleanaway Waste MACQUARIE AUSTRALIA CONFERENCE Management 7 May 2024 Limited Presenter Australia’s leading total waste MarkMacquarie Schubert,Australia Conference CEO & Managing Director management services provider 7 May 2023 Presenter Mark Schubert, CEO and Managing Director 1
Slide 3: Forward looking statements
Forward looking statements – This presentation contains certain forward-looking statements, including with respect to the financial condition, results of operations and businesses of Cleanaway Waste Management Limited (“CWY”) and certain plans and objectives of the management of CWY. Forward-looking
Slide 4: Acknowledgement of Traditional Owners
Cleanaway acknowledges the Traditional Owners of the lands on which we operate and in the communities in which we exist. We pay our respect to all Aboriginal and Torres Strait Islander peoples. Artwork by Marcus Lee, a proud Aboriginal descendant of the Karajarri people from North Western Australia.
Slide 5: Positioned to deliver sustainable, double-digit EBIT growth & improving returns
Positioned to deliver sustainable, double-digit EBIT growth & improving returns in FY24, FY25, FY26 & beyond Double-digit EPS CAGR • Strategy translated into mid- and improving returns1 On-track to deliver Blueprint term financial ambition >$450m 2030 mid-term financial • Blueprint 2030 is transform
Slide 6: On track to deliver mid-term financial ambition of >$450m EBIT in FY26
On track to deliver mid-term financial ambition of >$450m EBIT in FY26 Sustainable Customer Solutions Strategic Infrastructure Growth + Greater Market Share Operational Excellence + Accretive Investments Footprint + Improved Profitability GDP+ Growth Operational Accretive A safe and resilient platfo
Slide 7: Operational efficiency initiatives will drive FY26 EBIT beyond $450m
Delivering our portfolio of operational efficiency initiatives will drive FY26 EBIT beyond $450m FY23 FY24 FY25 FY26 RESTORATION Health Services STABILISATION Labour PRODUCTIVITY UPLIFT ~$50m QLD Solids Decommissioning Services Advanced Analytics + Landfill Gas Capture Landfill Gas Monetisation Grea
Slide 8: Branch Optimisation
BRANCH OPTIMISATION Data & Analytics enabling our ability to identify branches that need support Determine current state through ranking comparable Apply Performance Improvement Plans, SWOT and Lean 1 2 programs on underperforming branches raising performance branches by % EBIT margin to current ave
Slide 9: Customer Connect: on time and budget; benefits in line with business case
CUSTOMER CONNECT Project remains on time and budget; benefits inline with original business case Total project cost remains in line with budgeted ~$100m Financial benefits inline with business case FY22/23 FY24 FY25 FY26 FY24 FY25 FY26 FY27 Neutral Neutral >$13m Spend profile ~10% ~45% ~35% ~10% EBI
Slide 10: Fleet Transformation
FLEET TRANSFORMATION A holistic, centralised strategy to reduce operating costs and capital expenditure FLEET MANAGEMENT STRATEGY EXAMPLE OPERATIONAL CURRENT STATE STRATEGIC INITIATIVE FINANCIAL OUTCOMES OUTCOME Optimise mix of ownership OWNERSHIP Default approach has been to models and refresh Deca
Slide 11: Focus on returns and data has optimised capital spend
Focus on returns, data & analytics, fleet and project processes has optimised capital spend $50m p.a CATALYSTS ACTION BENEFITS reduction in total capex from FY25 • Shifted Group-wide focus to • Aligned SBU performance and • SBU’s taking decisions to improve returns. e.g. EBIT & returns (was EBITDA)
Slide 12: EfW is a necessary waste solution to address rising waste production
STRATEGIC INFRASTRUCTURE GROWTH EfW is a necessary waste solution to address the rising production of waste in Australia Customers are seeking landfill diversion EfW economics are evolving as regulation drives economics of disposal Councils are actively seeking EFW pricing as part of NSW and VIC p
Slide 13: Uniquely positioned to be an EfW plant originator
STRATEGIC INFRASTRUCTURE GROWTH Uniquely positioned to be an EfW plant originator creating ownership & access optionality We are a natural originator of East Coast EfW given our ability to de-risk key components of these projects RISKS Feedstock volumes Customer & project schedule Commercialisation
Slide 14: On track to deliver attractive returns to shareholders in FY24, FY25 and FY26
On track to deliver attractive returns to shareholders in FY24, FY25 and FY26 and beyond Maintain FY24 EBIT guidance of approximately $350m • Optimised landfill management is resulting in a lower D&A expense of $360 to $370m, down from $370 to $390m • Interest expense expected to be $117m • Our GHG
Slide 15: Questions
Questions Q&A
Slide 16: Contacts
Contacts Investor contact: Media contact: Josie Ashton Mark Biddulph Head of Investor Relations Head of Corporate Affairs + 61 416 205 234 +61 499 322 601 Josie.Ashton@cleanaway.com.au Mark.Biddulph@cleanaway.com.au Registered Office: P +61 03 8397 5100 Level 4, 441 St Kilda Road, Melbourne VIC F +6
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