Nrw Holdings Limited · ASX:NWH
Nrw — Shareholder Meeting (November 2022)
24 slides from Nrw's shareholder meeting presentation, Nov 9, 2022
Slide 1: NRW Holdings Limited - FY22 Annual General Meeting
NRW Holdings Limited - FY22 Annual General Meeting Presentation by Mr Jules Pemberton, CEO and Managing Director 9 November 2022 Introduction Thank you Mike, and good morning everyone. I would like to reinforce the comments made by the Chairman on the importance of doing what we do safely. The busin
Slide 2: Sustainability, people and business structure (speech notes)
Tanya Eales as EGM of People & Culture, and Brett McIntosh as EGM of HSE & Sustainability. On the backdrop of a strong labour market, attracting, retaining and developing our workforce is paramount to quality project delivery. We need to continue to build capability within the business. Last yea
Slide 3: Bunbury Outer Ring Road, Civil and Mining (speech notes)
The Bunbury Outer Ring Road is the largest transport infrastructure project ever undertaken in the Southwest, a project with a total value of $1.25 billion and is due for completion in 2025. NRW is a major construction partner in this project being 40% of the South West Gateway Alliance, and NRW’s p
Slide 4: Dalgaranga, Gascoyne exposure and Mining outlook (speech notes)
With the Dalgaranga operations placed on care and maintenance for an indefinite period, we are busy redeploying our equipment and personnel to other projects. At 7 November, the date of the trading halt, our shares in Gascoyne were valued at $7.2M and we were owed $8.6M under the production royalty
Slide 5: Guidance reconfirmed and final comments
Guidance for the current financial year was provided with the FY22 full year results and I am pleased to be able to reconfirm that guidance. We expect revenue to be between $2.6 to $2.7 billion and Earnings to be between $162 million and $172 million. Final Comments That brings me to the end of the
Slide 6: NRW Holdings Annual General Meeting November 2022
NRW HOLDINGS ANNUAL GENERAL MEETING 9 NOVEMBER 2022 CEO ADDRESS - JULES PEMBERTON 1
Slide 7: FY22 Highlights
FY22 HIGHLIGHTS $2.4B $5.2B $2,429M $2,252M $2,009M REVENUE RECORD ORDER BOOK $97.4M $219.3M $1,130M NET PROFIT CASH HOLDINGS $707M UP 79.4% ON FY21 $351M 7000+ 100+ 2017 2018 2019 2020 2021 2022 WORKFORCE PROJECTS FY21 – 6,200 REVENUE GROWTH 2
Slide 8: Sustainability
SUSTAINABILITY • NRW’s second sustainability report released • Executive appointments during 2022 BRETT MCINTOSH TANYA EALES Executive General Manager Executive General Manager HSE & Sustainability People & Culture • Stakeholders engaged during FY22 via our Stakeholder Survey, to support the priorit
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Slide 10: Business Structure
BUSINESS STRUCTURE 5
Slide 11: The NRW Journey – Diversified Capability
THE NRW JOURNEY – DIVERSIFIED CAPABILITY 2021 2022 2019 CONSOLIDATION EPC CAPABILITIES Focus on the consolidation of our Group offering, and the alignment of systems PRIMERO ACQUISITION 2019 and processes. INCREASED CIVIL INFRASTRUCTURE Primero adds significant Engineering, Procurement and Construct
Slide 12: Business Structure – Pre 2017
BUSINESS STRUCTURE – PRE 2017 MINERALS, ENERGY & CIVIL MINING TECHNOLOGY • Rail formations • Mine development • Mine development • Load & haul • Mine site rehabilitation • Bulk earthworks • Full scope drill & blast • Airstrips. • Explosives supply and management • Maintenance services • Mobile equip
Slide 13: Business Structure - Today
BUSINESS STRUCTURE - TODAY MINERALS, ENERGY & CIVIL MINING TECHNOLOGY • Rail formations • Mine development ► Full EPC capability • Load & haul • Mine development ► Non process infrastructure • Mine site rehabilitation • Bulk earthworks • Full scope drill & blast ► Apron, belt & hybrid feeders • Airs
Slide 14: Group Development – Through Cycle Delivery
GROUP DEVELOPMENT – THROUGH CYCLE DELIVERY 2.5B 2.0B 1.5B Golding (FY18) Drill & Blast (FY17 - FY19) Civil 1.0B MET Mining 0.5B FY17 FY18 FY19 FY20 FY21 FY22 9
Slide 15: Civil – Bunbury Outer Ring Road
CIVIL BUNBURY OUTER RING ROAD • NRW is a major construction partner (40%) in the South West Gateway Alliance • The project is the largest transport infrastructure project ever undertaken in the South West ($1.25B) • Current workforce on the project is 170 • Project completion: February 2025 • NRW is
Slide 16: Civil Outlook
CIVIL OUTLOOK • Outlook for NRW civil business is buoyant across both resources and public infrastructure • Infrastructure – new projects have been added to pipeline set for release between now and end of next calendar year • Iron Ore opportunities growing and likely to be sustained levels of Capex
Slide 17: Mining – Karara and Gascoyne update
MINING KARARA • Largest mining operation and the first major magnetite mine in WA’s Mid West • Premium, high-grade concentrate product for export to steelmakers • Expected mine life of 30+ years • The current 5 year contract is valued at circa $700M • Investment in new equipment valued all now fully
Slide 18: Mining Outlook
MINING OUTLOOK • Current active tenders exceed $2.2B – Green Metals, Gold and Iron Ore • Opportunities with key clients in Coal to deploy available fleet augmented with hire fleet to support strong demand • Mining business has secured most of the work expected to be delivered in FY23 and has long te
Slide 19: MET – Covalent
MET COVALENT • Engineering, Procurement and Construction (EPC) of the Mt Holland Concentrator project for Covalent Lithium – a joint venture between Wesfarmers and SQM • Major project for Western Australia and the further development of the state’s battery minerals supply chain • Demonstrates NRW’s
Slide 20: MET Outlook
MET OUTLOOK • Primero regarded as an industry leader in both upstream and downstream Lithium processing design and construct • Office has been established in Houston to assist with upcoming downstream Lithium refinery project works situated in the US • Opportunities in energy sector to support emerg
Slide 21: Summary
SUMMARY 16
Slide 22: Outlook and Guidance
OUTLOOK AND GUIDANCE OUTLOOK PIPELINE • Near-term tender pipeline capable of being awarded in next 12 months has consolidated at $19.8B $19.8B • Current submitted tenders circa $3.8B NOV 22 MINERALS, ENERGY GUIDANCE - RECONFIRMED & TECHNOLOGIES CIVIL • Group’s order book at 30 June 22 was $5.2B comp
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Slide 24: Disclaimer
DISCLAIMER SUMMARY INFORMATION This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of this Presentation. This Presentation is for general information purposes only and does not purport to be complete. The content should b