Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (February 2020)
22 slides from Saunders International's investor presentation, Feb 26, 2020
Slide 1: Investor Presentation FY20-H1
Investor Presentation FY20-H1 Managing Director & CEO - Mark Benson | CFO - Rudy Sheriff 26 February 2020
Slide 2: Company Overview
With 69 years of experience, Saunders uses in-house expertise to deliver a comprehensive range of projects that 69 years Company includes design, manufacture, construction, installation and maintenance services. Overview Industry Sectors Saunders provides solutions to the bulk liquid storage, indust
Slide 3: Saunders Snapshot
Saunders Snapshot Corporate Summary Substantial Shareholders* Register Composition Shares on Issue 102.8M Mr Desmond Bryant 23.6% Top 20 Holders 84.0M (81.7%) 52 week High (29 Jan) $0.57 NAOS Asset Management 20.5% Balance of Register 18.8M (18.3%) Share Price* $0.52 Timothy Burnett 11.2% Shareholde
Slide 4: HY20-H1 Overview
HY20-H1 Overview Revenue $29.6m “The positive results reflect the Up 5.5% renewed operating model and practical execution of the corporate strategy.” EBITDA Order Book $97.1m $1.5m Up 461.1% Net Cash Up 60.5% (Compared to 31 December 2019) $9.4m (Compared to 30 June 2019)
Slide 5: HY20-H1 Highlights
• Strong safety and leadership culture. Safety performance remains strong with zero LTI free HY20-H1 hours increasing to over 2.4 million (no LTI since May 2013) Highlights • Positive financial performance: EBITDA $1.5 million, Cash on hand $9.4 million, cash flow from operating activities $1.6 mill
Slide 6: Positioned for Growth
Order Book Live Tenders Pipeline Positioned $97M $620M $514M $510M for Growth $61M $415M $46M $42M $300M $25M Jun-16 Jun-17 Jun-18 Jun-19 Feb-20 Jun-16 Jun-17 Jun-18 Jun-19 Feb-20 “Record orderbook and Tenders Pipeline strengthening pipeline of new opportunities underpin the future growth for Saunde
Slide 7: FY20-H1 Financial Snapshot
FY20 – H1 FY19 – H1 CHANGE FY20-H1 ($m) ($m) % Financial Revenue $29.64 $28.09 5.5% Snapshot EBITDA $1.45 $0.40 262.5% NPAT $0.52 ($0.14) 461.1% “Reported earnings reflect the fix phase of Saunders EPS 0.51 cents Nil - strategic plan. Earnings are forecast to improve through further implementation o
Slide 8: FY20-H1 Financial Snapshot
FY20 – H1 FY19 CHANGE FY20-H1 ($m) ($m) % Financial Cash $9.42 $8.03 17.3% Snapshot Working $2.02 $2.43 (16.9%) Capital Other Assets* $14.58 $13.46 8.3% Other “Strong focus on working capital $4.21 $2.73 54.0% Liabilities* management across Saunders complimented by disciplined Net Assets $21.18 $21.
Slide 9: FY20-H1 Financial Snapshot
FY20 – H1 FY19 – H1 CHANGE FY20-H1 ($m) ($m) ($m) % Operating Financial Cashflow $1.58 $0.48 229.2% Snapshot Investing ($0.20) ($0.22) 9.1% Cashflow Financing Cash $0.02 ($0.02) 200.0% Flow “Improvement in free cash flow Net Increase in driven through continued focus $1.40 $0.24 Cash across Saunders
Slide 10: Our Business
Civil Infrastructure Mechanical Infrastructure Asset Services • • • Our Precast concrete Fuel and chemical storage Refinery and industrial • Concrete foundation works terminals services for heavy industry • Bridges and marine • Shutdowns and permanent Business • • Bridge construction works Foundatio
Slide 11: Strategic Objectives
“Building on our foundations to deliver for our shareholders” Strategic NEW SECTORS Objectives MECHANICAL INFRASTRUCTURE ✓ Expansion into Defence and Paper sectors ✓ Expansion of core business ✓ Preferred contractor for new terminal offering, partnering with the Civil expansion project as a result o
Slide 12: Market Trends
• Increased opportunities in the tank construction market due to an increase in assessable Market projects and reduced competitive capacity. • Increasing opportunities in the Defence sector. Trends • Several major mining opportunities developing in WA. • Civil Infrastructure spending to continue in
Slide 13: Our Outlook
• Order book $97M, up 61% on FY19 Our • Preferred Contractor Status $107 M, Forecast further $33M to be converted to Order book in FY20-H2. Outlook • Live tenders $376M, up 85% on H1, Pipeline $287M, up 36% on H1 • Saunders is forecasting revenue growth in FY20-H2 to $70+m for the financial year. Th
Slide 14: Our Projects
jects Our Proj
Slide 15: Mechanical Infrastructure
Mechanical Infrastructure Client Sydney Water Client Zinfra Pty Limited Value Circa $15.0 million Value Circa $1.4 million Description • Design and construction of 28 megalitre tank for Description • Scope of works includes detailed design, civil recycled water storage in Cranbourne West, foundation
Slide 16: Mechanical Infrastructure - Defence
Mechanical Infrastructure - Defence Client Lendlease Building Pty Limited Client NAVFAC Value Circa $5.2 million Value Circa $7.0 million Description • Scope of works includes design supply and Description • Scope of works is the construction of two cut and installation of two new tanks, including t
Slide 17: Civil Infrastructure
Civil Infrastructure Client JHCPBG JV Client John Holland Rail Value Circa $11.1 million Value Circa $2.5 million Description • Scope of works is to supply precast Description • Scope of works is to construct a single span components to the Sydney Metro project. 27m long bridge over the North Coast
Slide 18: Civil Infrastructure
Civil Infrastructure Client BGC Contracting Pty Ltd Client Dungog Shire Council Value Circa $4.1 million Value Circa $2.5 million Description • Scope of works in included construction of Description • Scope is the design and construction of 2 five bridges for BGC Contracting on the large timber brid
Slide 19: Asset Services
Asset Services Client Rio Tinto Yarwun Client BP Bulwer Island Value Circa $30.0 million Value Circa $15.0 million Description • Saunders has been awarded the Stage 1 Description • Scope consists of civil and mechanical Precipitation Tank Repair contract for Rio works; which include partial floor Ti
Slide 20: Asset Services
Asset Services Client Australian Paper Mill (Nippon Paper Group) Client Lendlease Building Pty Limited Value Circa $2.0 million Value Circa $1.0 million. Description • Scope of works include design, supply, Description • Scope of works for major plant shutdown install and commissioning of a temporar
Slide 21: Mark Benson
MARK BENSON Managing Director & Chief Executive Officer (02) 9792 2444 L2, 1F Homebush Bay Drive, Rhodes NSW 2138 www.saundersint.com mark.benson@saundersint.com
Slide 22: Disclaimer
SI Disclaimer This presentation has been prepared by Saunders International Limited (“Saunders”) as a summary of the Company and its operations and for general information purposes only. This presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any
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