Cleanaway Waste Management Ltd. · ASX:CWY
Cleanaway Waste Management — Macquarie Australia Conference 2023
14 slides from Cleanaway Waste Management's conference presentation, May 2, 2023
Slide 1: Presentation – Macquarie Australia Conference
2 May 2023 Company Announcements Office ASX Limited Exchange Office Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam, Presentation – Macquarie Australia Conference Please find attached the Company’s presentation to be presented by the CEO and Managing Director Mark Schubert at the Macquarie
Slide 2: Cleanaway Waste Management Limited
Cleanaway Waste Management Limited Australia’s leading total waste Macquarie Australia Conference management services provider 2 May 2023 Presenter Mark Schubert, Managing Director & CEO
Slide 3: Forward looking statements
Forward looking statements – This presentation contains certain forward-looking statements, including with respect to the financial condition, results of operations and businesses of Cleanaway Waste Management Limited (“CWY”) and certain plans and objectives of the management of CWY. Forward-looking
Slide 4: H2 2023 Progress
H2 2023 Progress ✓ Significant progress made on the four key areas that will improve margins: • Commodity margin restored • Vacancies and labour productivity improving • Queensland Solids Collections improving • Health Services – new autoclaves operating 24/7 + Blueprint 2030 Progress ✓ Executing on
Slide 5: Higher prices and lower rebates in H2
Higher prices and lower rebates in H2… FY22 FY23 AUD/MT Forward price / Forecast 1 Large Customer Rebate A$/mt RISI index 90/10 A$/t ….partially recovering first half earnings and restoring margin as expected Note 1. CWY also incurs sea freight and other processing costs CLEANAWAY WASTE MANAGEMENT L
Slide 6: Vacancies continue to decline across the organisation
Vacancies continue to decline across the organisation… Labour Vacancies Overview • Normal group wide vacancy rate is ~300-400 ~20% reduction • Multiple initiatives previously implemented addressing 773 vacancies and labour productivity: ― Accessing different labour pools ― Female Driver Academy 700
Slide 7: Visual management boards allow us to learn from yesterday to improve today
Visual management boards allow us to learn from yesterday to improve today… Overview Service in Full on-time – Metro C&I • Recent challenges predominantly related to Metro C&I ~60% 10,000 reduction in missed 99.5% • Focus on attracting and retaining drivers and mechanics services 9,000 • Reduction i
Slide 8: Two autoclaves installed in Victoria
Two autoclaves installed in Victoria… Dandenong Health - Timeline Feb-22 Mar-23 July-23 Dandenong EPA approves Autoclaves facility out of autoclave operating at full service. Repairs installation capacity begin Jun-22 Hammermill fire Apr-23 causes additional Autoclaves significant installed damage P
Slide 9: We are executing our detailed plans across the pillars and 14 blueprints
We are executing our detailed plans across the 3 pillars and 14 blueprints…. Operational Excellence Strategic Infrastructure Sustainable Customer Growth Solutions ‘+ improved profitability’ ‘+ accretive investments’ ‘+ greater market share’ Progress report Progress report Progress report ✓ Digitisat
Slide 10: Potential to create attractive shareholder returns through a platform business
Potential to create attractive shareholder returns through a platform business … Overview • Well positioned to capitalise on opportunity • Modest capital investment to-date focused on creating option value • Preparing for projects on a 100% equity basis to maximise our flexibility in the planning ph
Slide 11: TOMRA Cleanaway appointed Network Operator for Zones 1 and 4
TOMRA Cleanaway appointed Network Operator for Zones 1 and 4 Overview Victorian Network Operators • Commencement: 1 Nov 2023 • TOMRA Cleanaway JV responsible for network of return points, including Reverse Vending Machines, over-the-counter drop offs and automated depots. • JV responsible for ensuri
Slide 12: Strong EBIT growth expected over next 24 months driven by margin recovery and Blueprint 2030
Strong EBIT growth expected over next 24 months driven by margin recovery and Blueprint 2030 progress EBIT margin FY26 EBIT CAGR Margin ~12.0% Blueprint 2030 11.4% 10.5% 10.5% 10.5% 11.8% 11.1% 10.5% 10.0% 10.0% ~10.3% ambition & strategy recovery progress “report card” Commentary • Continuing to ex
Slide 13: Reaffirming Guidance
Reaffirming Guidance • Consistent with our prior expectations, FY23 underlying EBITDA including GRL is expected to be approximately $670 million • Depreciation and amortisation is expected to be approximately $370 million resulting in EBIT of approximately $300 million Next Strategy Day • Where: Mel
Slide 14: Questions
Questions For further information contact: Richie Farrell, Head of Investor Relations +61 409 829 014 Richie.Farrell@cleanaway.com.au
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