Gr Engineering Services Ltd · ASX:GNG

Gr Engineering Services — Shareholder Meeting (November 2019)

13 slides from Gr Engineering Services's shareholder meeting presentation, Nov 28, 2019

1. Slide 1: Annual General Meeting Presentation – Outlook Statement

   ASX RELEASE 28 November 2019 For immediate release to the market Annual General Meeting Presentation – Outlook Statement GR Engineering Services Limited (ASX:GNG) (GR Engineering) will today hold its 2019 Annual General Meeting. The presentation materials to be delivered at the meeting follow this a

2. Slide 2: 2019 Annual General Meeting Presentation

   2019 Annual General Meeting Presentation 28 November 2019

3. Slide 3: FY19 Results Summary

   FY19 Results Summary Earnings Balance Sheet & Cash Flow Revenue Cash (ex. available facilities) $300m $40m $30m $200m FY19 FY18 $20m FY19 283.6 31.4 FY18 $100m $10m 182.3 21.8 $0m $0m EBITDA Net Operating Cashflow $20m $30m $15m $20m FY19 $10m FY19 (1) FY18 $10m 24.7 $5m 11.2 17.1 $0m $0m FY18 -$10m

4. Slide 4: FY19 Results Summary

   FY19 Results Summary Key features Segment Revenue  GR Engineering transitioned from a period of strong design Mineral Processing $250m and construction activity in FY18 into a phase of FY19 FY18 $150m 93.8 202.4 consolidating new project opportunities $50m  The financial results were impacted by d

5. Slide 5: FY19 Operational Performance

   FY19 Operational Performance Mineral Processing Design and Construction  Successfully delivered Saracen Gold Mines Pty Ltd’s Carosue Dam Paste Plant in Western Australia  Progressed delivery of the Fosterville Paste Plant for Kirkland Lake Gold Ltd, Carapateena Northern Wellfield Water Supply Proj

6. Slide 6: FY19 Operational Performance

   FY19 Operational Performance Oil & Gas  Upstream Production Solutions contribution to group revenue of approximately 50%  Longer term operations and maintenance services revenue generating baseline revenue alongside project based work  Revenue contributions primarily from: - Wellsite and plant ma

7. Slide 7: Balance Sheet

   Balance Sheet Key Features  Strong balance sheet maintained at 30 June 2019: - Cash: $31.4 million (30 June 2018: $21.8 million) - Interest bearing debt: $0.5 million (30 June 2018: $0.5 million)  Significant bonding headroom: - $130 million total project bonding facilities - Bank guarantee facili

8. Slide 8: Outlook

   Outlook Key Features  Active contracts: Sandy Ridge Waste Storage Project ($46.0 million), Carosue Dam Mill Expansion Project ($24.5 million), Wassa Paste Plant Project (US$9.3 million) and Renison Upgrade Project ($6.0 million)  In addition to existing conditional EPC agreements & Letters of Inte

9. Slide 9: Appendix: Corporate Summary

   Appendix: Corporate Summary Capital Structure Share Price Performance Shares on issue m 153.6 $1.60 3.50m 3.00m Share price (GNG.ASX) (25 Nov 2019) $ 0.85 $1.20 2.50m 2.00m Market capitalisation $m 130.6 $0.80 1.50m Cash (30 June 2019) $m 31.4 $0.40 1.00m 0.50m Debt (30 June 2019) $m 0.5 $0.00 0.00m

10. Slide 10: Appendix: About GR Engineering

    Appendix: About GR Engineering GR Engineering 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 performance and contract co

11. Slide 11: Appendix: About GR Engineering

    Appendix: About GR Engineering  Significant gold process construction history  Significant base metal construction history 10

12. Slide 12: Contact

    Contact Geoff Jones Australian Office Details Managing Director  +61 8 6272 6000  geoff.jones@gres.com.au 71 Daly Street Building 3, Level 3, Ascot WA 6104 Kings Row Office Park 42 McDougall Street Omesh Motiwalla  PO Box 258 Milton QLD 4064 Belmont WA 6984 CFO & Company Secretary  +61 7 3838 80

13. Slide 13: 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 been either an offer t

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