Shape Australia Corporation Limited · ASX:SHA
Shape Australia — H1 FY2024 Earnings Presentation
21 slides from Shape Australia's earnings presentation, Feb 22, 2024
Slide 1: FY24 Half Year Results Presentation
Clyde & Co Office Fitout, Perth FY24 Half Year Results Presentation 22 February 2024 SHAPE AUSTRALIA CORPORATION LIMITED ABN 14 654 729 352
Slide 2: Important Notice & Disclaimer
Pinset Masons Office Fitout, Melbourne Important Notice & Disclaimer Information in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in SHAPE Australia Corporation Limited or any other company. Before
Slide 3: A Market-leading National Fitout And Construction Services Specialist
A Market-leading National Fitout And Construction Services Specialist With A Track Record For Quality And Exceptional Customer Service Specialist Capabilities Operations • Fitout and Refurbishment • Facade Remediation • Adelaide • Aftercare and Facilities Maintenance • Brisbane • Defence • Canberra
Slide 4: H1FY24 Financial Highlights
H1FY24 Financial Highlights Revenue EBITDA Net Profit After Tax $412.2m $12.2m $7.5m 5% 31% 59% Cash and Marketable Project Wins Backlog Orders Securities $97.9m $526.8m $457.2m 13% 29% 24% Identified Pipeline Earnings Per Share Declared Dividend Per Share $3.6bn 9.0 cents 8.0 cents 5% 59% 60% shape
Slide 5: Operational Highlights
Operational Highlights Our safety commitment and culture is led by our ‘Path to Perfect Safety’ programme: › A reduction of 6.5% of total incidents reported Operational Excellence › *TRIFR is at 5.5 - an increase of 17% compared to the pcp. › *LTIFR is at 1.6 - an increase of 29% compared to the pcp
Slide 6: Demonstrated Capability In Winning And Executing Work
Demonstrated Capability In Winning And Executing Work Note: these results include SHAPE and its associates. Revenue by Region Commentary • Origination – Bespoke CRM with HALF sophisticated algorithms supporting YEAR average win rates of 50%. Transparent ONLY lease expiry register provides accurate f
Slide 7: Diversification of Revenue Streams
Diversification of Revenue Streams Note: Revenue figures include SHAPE and its associates. Half Year Only shape.com.au 7
Slide 8: Strong And Diversified Backlog Order Book And Pipeline
Strong And Diversified Backlog Order Book And Pipeline Underpin Future Performance FIGURES AS AT DECEMBER 31, 2023 Identified Pipeline $3.6b Tendering $114.2m Decision Pending $375.0m Projects Won Backlog Order Book by Sector Pipeline by Sector $526.8m shape.com.au 8
Slide 9: Diversification Of Projects Drives Business Resilience
Diversification Of Projects Drives Business Resilience Project Duration Order book is strongly weighted with short duration projects which provide protection against cost escalation risk. Interior Works vs External Works The profile of most SHAPE projects is lower risk from an industrial relations p
Slide 10: Continued Investment In Safety Leadership, Systems, And Technology
Continued Investment In Safety Leadership, Systems, And Technology Chadstone Place Upgrade & • Safety performance metrics, while still positive, have Officeworks Integrated Fitout, increased as a result of the current labour and resource Melbourne conditions. • It is worth noting that SHAPE's perfor
Slide 11: Sustainability
Sustainability 2,912t Co2-e Carbon Neutral Projects Delivered Total emissions offset continues to Climate Active certification 3 projects completed worth $24.2m reduce (down from 2,959t Co2-e in maintained for Corporate Operations PCP) Carbon Accounting SHAPE Offices GreenPower Software Embedded for
Slide 12: Financial Overview
Financial Overview shape.com.au
Slide 13: Significant Profitability Uplift For The Half
Significant Profitability Uplift For The Half $’000 H1FY24 H1FY23 Movement • Revenue for H1 strong at $415.2m, down slightly (5%) on PCP due to minor delays to some projects commencing. Revenue 415,201 436,251 ↓ 5% • Gross Margin increased by 22% to 9.1%. H1 numbers include a higher than usual perce
Slide 14: Strong Liquidity Position With Flexibility To Maximise Opportunities
Strong Liquidity Position With Flexibility To Maximise Opportunities Diligent Liquidity Management • Consistent application of rigorous cash management processes by project teams. • Diligent capital management to support prequalifications and external financial assessments. • Average daily balance o
Slide 15: Growth Strategy
Growth Strategy SHAPE’s Growth Strategy Is Focused On Three Pillars shape.com.au
Slide 16: Growth/Diversification Into Non-core Market Sectors
Growth/Diversification Into Non-core Market Sectors Project Wins The Star Darling Hotel Penthouse Refurbishment, Sydney FY24 (H1) $20.03m Hotels FY23 Full Year $49.99m FY24 (H1) $23.65m Health FY23 Full Year $43.08m FY24 (H1) $30.91m Retail FY23 Full Year $40.96m FY24 (H1) $73.81m Education FY23 Ful
Slide 17: Capability Expansion (Facades, Modular, New Build etc)
Capability Expansion (Facades, Modular, New Build etc) Project Wins FY24 (H1) $71.72m New Build FY23 Full year $31.57m FY24 (H1) $13.40m Facades FY23 Full Year $34.85m FY24 (H1) $22.85m Modular FY23 Full Year $24.66m City of Sailsbury Operations Centre Extension, Adelaide Notes - All figures include
Slide 18: Geographic Expansion
Geographic Expansion Project Wins FY24 (H1) $22.35m Gold Coast FY23 Full Year $20.46m FY24 (H1) $16.59m Newcastle FY23 Full Year $3.48m FY24 (H1) $12.95m Tasmania FY23 Full Year $15.17m JW Marriott Gold Coast, Level 1 Spa, Gold Coast Notes - All figures include SHAPE and its associates. - FY24 resul
Slide 19: Questions?
Questions? shape.com.au
Slide 20: Appendix
SHAPE Appendix shape.com.au
Slide 21: Appendix A Reconciliation Of Profit Before Income Tax To EBITDA
Appendix A Reconciliation Of Profit Before Income Tax To EBITDA 31 Dec 2023 31 Dec 2022 $’000 $’000 Profit before income tax 10,846 7,019 Depreciation and amortisation 2,424 2,654 Interest revenue (1,778) (954) Finance costs 747 623 EBITDA 12,239 9,342 Castle Plaza Shopping Centre Refurbishment, Ade