Srg Global Limited · ASX:SRG
Srg Global — Euroz Hartleys Conference 2022
19 slides from Srg Global's conference presentation, Mar 9, 2022
Slide 1: Euroz Hartleys Conference Presentation
EUROZ HARTLEYS CONFERENCE PRESENTATION 9 March 2022
Slide 2: About Us
ABOUT US WHO WE ARE We’re a global engineering-led specialist asset maintenance, mining services and construction group WHAT WE DO We solve complex problems across the entire asset lifecycle OUR VISION The most sought-after specialist asset maintenance, mining services and construction business 2
Slide 3: 1H Executive Summary
1H EXECUTIVE SUMMARY 1H FY21 1H FY22 % change Revenue $283.0m $297.0m 5% EBITDA $20.5m $27.0m 32% EBIT(A) $9.4m $15.9m 69% NPAT(A) $5.0m $10.1m 102% EBITDA % margin 7.2% 9.1% 26% EBIT(A) % margin 3.3% 5.4% 64% NPAT(A) % margin 1.7% 3.4% 100% Interim Fully Franked Dividend 1.0 cents 1.5 cents 50% Net
Slide 4: Executing the Growth Phase of Our Strategy
EXECUTING THE GROWTH PHASE OF OUR STRATEGY “Successfully transitioned the business mix towards annuity / recurring earnings” LEADERSHIP GROWTH Zero Harm / ESG industry leader and recognised employer / partner of choice ✓ Step change growth in recurring Asset Services Domestic / International growth
Slide 5: Our Strategic Transformation
OUR STRATEGIC TRANSFORMATION “Strategic Transition towards Annuity Earnings” 30% 33% Annuity Project Earnings Earnings 67% Annuity 70% Earnings Project Earnings 2018 TODAY 5
Slide 6: Delivering Continued Earnings Growth
DELIVERING CONTINUED EARNINGS GROWTH EBITDA EBIT(A) 30.0 20.0 30.0 19.0 25.0 15.0 ($M) ($M) 26.5 27.0 27.0 15.6 15.9 16.0 20.0 10.0 20.5 9.4 15.0 5.0 1H FY21 2H FY21 1H FY22 2H FY22 1H FY21 2H FY21 1H FY22 2H FY22 6
Slide 7: Delivering Increased Cash and Dividends
DELIVERING INCREASED CASH AND DIVIDENDS Net Debt to Net Cash Fully Franked Dividends (cps) 35.0 1.5 25.0 1.0 15.0 28.2 (cents) ($M) 1.5 12.2 5.0 5.3 0.5 1.0 1.0 -8.4 -5.0 -11.4 0.5 0.5 -15.0 0.0 1H FY20 2H FY20 1H FY21 2H FY21 1H FY22 1H FY20 2H FY20 1H FY21 2H FY21 1H FY22 7
Slide 8: Our Operating Segments
OUR OPERATING SEGMENTS 8
Slide 9: Asset Services Overview
ASSET SERVICES OVERVIEW KEY CLIENTS 9
Slide 10: Asset Services in Review
ASSET SERVICES IN REVIEW ▪ Excellent mobilisation and operational delivery ▪ A number of contract wins and extensions achieved ‒ 3 + 1 year contract with Roy Hill ‒ 3-year contract with Minara Resources ‒ 3-year contract with Fonterra NZ ‒ 1-year contract extension with Transpower NZ ‒ 1-year contra
Slide 11: Mining Services Overview
MINING SERVICES OVERVIEW KEY CLIENTS 11
Slide 12: Mining Services in Review
MINING SERVICES IN REVIEW ▪ Continued strong operational / financial performance ▪ Excellent asset utilisation of >90% ▪ A number of contract wins and contract extensions achieved ‒ 5-year contract with SIMEC Mining ‒ 2-year contract with Evolution Mining ‒ 2-year contract with Navarre Minerals ‒ 6-
Slide 13: Construction Overview
CONSTRUCTION OVERVIEW KEY CLIENTS 13
Slide 14: Construction in Review
CONSTRUCTION IN REVIEW Civil and Engineering ▪ Strong 1H performance ▪ Robust pipeline of Government opportunities ‒ Dams, Bridges, Tanks ▪ Achieved higher bridge / road accreditation (R2 / B4) opening up larger infrastructure opportunities ▪ High demand for SRG engineered products with excellent gr
Slide 15: Our Strategic Direction
OUR STRATEGIC DIRECTION 15
Slide 16: Strategic Horizons
STRATEGIC HORIZONS Building the most sought-after specialist asset maintenance, mining services and construction business LEADERSHIP GROWTH Zero Harm / ESG industry leader and Step change growth in recurring recognised employer / partner of choice Asset Services Domestic / International growth in En
Slide 17: Outlook
OUTLOOK Operating Segment Outlook ▪ Asset Services delivering step change growth in diverse sectors with blue-chip clients ▪ Mining Services operating in high demand, high quality growth commodities ▪ Construction positively linked to Government Infrastructure stimulus programs ▪ SRG Engineered Prod
Slide 18: Investment Proposition
INVESTMENT PROPOSITION End-to-end Diverse Annuity asset lifecycle market sectors / earnings capability geographies profile Highly scalable Capital light Dividend business investment paying model profile stock 18
Slide 19: Solving challenges wherever they are
Solving challenges wherever they are srgglobal.com.au