Slide 1: 2022 Full Year Results
For personal use only 2022 FULL YEAR RESULTS Metarock Group Limited ABN 96 142 490 579 ‐ AUGUST 2 0 2 2 ‐
Slide 2: FY2022 group highlights
Overview For personal use only FY2022 group highlights FY2022 HIGHLIGHT INVESTED › Repositioned the Company as a diversified mining services contractor operating across a broad range of commodities SIGNIFICANTLY IN specialising in underground services › Significant increase in scale by near doubling
Slide 3: Safety
Safety For personal use only The two tragic events have had a deep and irreversible impact on the Company › Metarock is continuing to support the families and work colleagues impacted by the tragedies › Company led investigations into the two fatal accidents are complete with a number of actions imp
Slide 4: FY22 Group Financial Highlights
FY22 Group Financial Highlights For personal use only $452.7m 8.5% $38.6m Revenue Normalised* EBITDA Margin Normalised* EBITDA Up 94% on PCP and within guidance Lower than guidance due to delayed Crinum Up 88% on PCP and within guidance production margin and lower PYBAR margin $10.1m $6.9m 8% Normal
Slide 5: Statutory Versus Normalised Results
Statutory Versus Normalised Results For personal use only FY2022 result is impacted by Crinum recovery costs and other one‐off costs Normalisations: › Direct recovery costs related to the Crinum accident › Increased 2H drift recovery costs at Crinum brings full year normalisation to $18.6m from $6.8
Slide 6: Focus on Capital Management and Gearing Reduction
Focus on Capital Management and Gearing Reduction For personal use only Bringing forward ~$30m of capital recovery of major mining equipment in 1H FY23, deleveraging the balance sheet and reducing gearing ratio towards target levels GROSS CAPEX NET DEBT*/NORMALISED EBITDA (GEARING) 50 100.0 3.0 $M $
Slide 7: Divisional Overview - Coal
Divisional Overview ‐ Coal $287.0m For personal use only The Coal Contracting division has delivered excellent performance throughout the year Revenue Up 23% on PCP › Entire Company was deeply impacted and saddened by the tragic accidents that occurred in the coal division at the Crinum Mine and Mor
Slide 8: Divisional Overview - Coal: Mine Operations and Crinum
Divisional Overview ‐ Coal For personal use only Mine Operations – Taking steps on the Crinum project to deleverage and improve cash flow CRINUM › Crinum Mine drift recovery and early works is now nearing completion however schedule has been slowed to minimise costs and allow additional time to set
Slide 9: Divisional Overview – Metalliferous
Divisional Overview – Metalliferous $166m For personal use only Has been a difficult start but now delivering month on month improvement Revenue › PYBAR full year result was impacted by a number of production interruption events throughout Since acquisition date 1 Nov 2021 the year and the unexpecte
Slide 10: Financial Discipline
Financial Discipline For personal use only Our diversified business model and financial management approach will be core to ensuring we restore our balance sheet strength Efficiency Value Creation Capital Management Working Contract Capital Low Debt Cost Control M&A Dividends Excess Capital Capital
Slide 11: Group Outlook
Group Outlook For personal use only Combined group’s addressable market has significantly expanded ORDER BOOK 900.00 › Total order book currently stands at $1.9 billion › 79% of forecast revenue in FY2023 is supported through the contracted order book 800.00 › A further ~3% of annual revenue is gene
Slide 12: Divisional Outlook
Divisional Outlook For personal use only Our FY2023 focus is on executing the strong position we have already secured MASTERMYNE MINE OPERATIONS MASTERMYNE CONTRACTING PYBAR CONTRACTING › Crinum slowed to reduce working › Coal Contracting division remains › Majority of FY2023 revenue capital until w
Slide 13: Order Book and Pipeline
Order Book and Pipeline For personal use only Booked Revenue Tenure Previous 10 Yrs Previous 5 Yrs Sojitz Crinum Mining Services QCoal Cook Mining Services BMA Broadmeadows Conveyors BHP Training Services (MyneSight) Anglo American Moranbah Region Umbrella Contract Anglo American Aquila Equipment Hi
Slide 14: Metarock Macro Outlook
Metarock Macro Outlook For personal use only High quality underlying customer base located across Australia › NATIONAL FOOTPRINT ACROSS A BROAD BASE OF COMMODITIES › INCREASED EXPOSURE TO FORWARD FACING COMODDITIES › ASSETS TRENDING TO UNDERGROUND MINING METHODS AS DEPOSITS GET DEEPER AND COSTS INCR
Slide 15: Summary
Summary For personal use only FY2023 will return to largely sustaining capex and stronger operating cash flows › Repositioned the Company as a diversified mining services contractor operating across a broad range of commodities specialising in underground services › Mine Operations strategy has mate
Slide 16: Disclaimer
Disclaimer For personal use only The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other use of this presentatio
Slide 17: Appendix
For personal use only APPENDIX
Slide 18: FY2022 Full Year Divisional Financial Performance
FY2022 Full Year Divisional Financial Performance For personal use only › FY2022 revenue at $452.7m (up 94% on PCP) › Mastermyne Revenue at $287m, up 23% from PCP ($233m) › $165m PYBAR revenue contribution since economic control taken in November 2021 › Normalised EBITDA at $38.6m up 73% on PCP ($22
Slide 19: Cash Flow
Cash Flow For personal use only Cash conversion was inhibited by mobilisation and holding costs on the Mine Operations projects › Cash decreased by $19.1m in FY2022 compared to PCP › The decrease in cash was due to the Company’s investment in its diversification strategy, including: › Mobilising gro
Slide 20: June 2022 Balance Sheet
30 June 2022 Balance Sheet For personal use only Significant investment in growth has been funded from cash BALANCE $AUD (000’s) FY22 FY21 reserves and debt SHEET Assets Cash and Cash Equivalents 5,229 24,389 Trade and Other Receivables 82,376 40,399 Inventories and Other Assets 46,266 7,657 Current
Slide 21: Results FY2022
For personal use only RESULTS FY2022