Saunders International Limited · ASX:SND
Saunders International — Shareholder Meeting (2024)
25 slides from Saunders International's shareholder meeting presentation, 2024
Slide 1: FY2024 Annual General Meeting
FY2024 ANNUAL GENERAL MEETING
Slide 2: Welcome and Acknowledgement of Country
Welcome Nick Yates Acknowledgement of Country We acknowledge the Traditional Owners and Custodians of Country throughout Australia. We Board Chair pay our respects to all First Nations peoples and acknowledge Elders past and present. As a business that works across many locations, we recognise and s
Slide 3: Safety
Safety Zero Harm Significant reduction The Safety for our people, subcontractors, and In FY24, we achieved a TRIFR12 metric of 1.35 communities is our highest priority and our 'Zero as of June 2024 (based on 1 million hours Harm' commitment drives our safety culture. worked), representing an 83.9% d
Slide 4: Financial Performance
Financial Performance 2024 was a strong year for Saunders despite global challenges Record revenue: $216.1 million Adjusted EBITDA: $21.3 million Order book at $189.3 million, showing market strength Adjusted EPS: 9.96 cents, delivering shareholder value Growth driven by strategic initiatives and Pi
Slide 5: Environment, Social and Governance
Environment, Social and Governance Reconciliation Action ESG Roadmap Modern Slavery Plan (RAP) This year, we commenced the Our Reflect RAP fosters Our Modern Slavery Policy addresses development of an integrated ESG engagement with First Nations risks and upholds human rights in our Roadmap, which h
Slide 6: Saunders Strategy
Saunders Strategy Saunders builds on its foundation as a leading tank builder, expanding services and market reach. Our growth strategy targets new regions, new energy markets, and a vertically integrated solution. A strong order book and recurring revenues position us well for future opportunities.
Slide 7: Introduction: Mark Benson
Introduction Mark Benson Managing Director & Chief Executive Officer 7 SAUNDERS FY2024 AGM
Slide 8: About Us
About Us Saunders is a KEY MARKETS CORE CAPABILITIES multidisciplinary Engineering, Construction and Industrial Asset DEFENCE & GOVERNMENT 01 Bulk Fluid Storage Services company. Proudly Australian-owned 02 Structural, Mechanical and Piping ENERGY and operated since 1951. 03 Industrial Automation an
Slide 9: About Us
About Us 41 major projects in delivery (as at July 2024) 500+ Team of employees 8 metropolitan and regional offices KEY strategically located across Australia, Office locations New Zealand, and Papua New Guinea Major projects in delivery 9 SAUNDERS FY2024 AGM
Slide 10: Major Projects Secured
Major Projects Secured $9.3 million $44.2 million Lytton Refinery Future Fuels Pelican Point Terminal diesel storage Desulphurisation project, QLD expansion, SA Client: Ampol Client: Quantem Announced: 6 July 2023 Announced: 31 July 2023 $17.7 million $31.5 million Water sector contracts Kalgoorlie
Slide 11: Additional Highlights
Additional Highlights ACQUISITION OF DIVESTMENT OF SAFETY FUTURE PIPING SOLUTIONS PRECAST OPERATIONS PERFORMANCE FOUNDATIONS This acquisition, effective Effective 30 April 2024, In FY24, we achieved a Our First Reconciliation from 31 October 2023, boosts SND’s Precast Operations in TRIFR12 metric of
Slide 12: Financial Highlights
KEY Financial Highlights Statutory financial results Statutory financial results adjusted for the impact of business acquisition-related expenses REVENUE (A$M) EBITDA Adjusted (A$M) 250 25 216.1 21.3 7.6% 200.9 17.7% 200 Revenue Change 20 EBITDA Change 18.1 150 130.0 15 101.2 100 10 66.5 6.2 5.4 50
Slide 13: Pipeline Analysis
Pipeline Analysis LIVE TENDER PIPELINE ($ billion) PIPELINE BY MARKET PIPELINE BY REGION 2% 2.5 13% 2.0 21% 24% 5% 24% 2.0 1.6 6% 1.5 1.3 14% 12% 26% 1.0 0.8 41% 12% 0.7 0.5 Defence & Resources & VIC NT SA Energy Water NSW WA QLD Government Industrials SOUTH 0.0 NATIONAL FY20 FY21 FY22 Jul-23 Jul-24
Slide 14: Market Outlook
Market Outlook DEFENCE & WATER ENERGY RESOURCES & GOVERNMENT INDUSTRIALS OUTLOOK Following delays from the Ongoing investment in water Continued expansion of bulk fluid Resources & Industrials are National Defence Review, infrastructure across metro and storage and transfer central to Saunders’ offe
Slide 15: Defence Opportunity Landscape
Defence Opportunity Landscape Defence funding will continue to grow over the next decade, with forecast spending Major Army & Airforce base upgrades of $100b per annum by 2033-34 and Major Airforce $765b between now and 2033-34. base upgrade Major Airforce base redevelopment $3.7b - $4.8b (circa $2.
Slide 16: Outlook
Outlook Positioned for further growth Bulk fluid storage and transfer specialist with limited direct opposition Increasing project size and addressable market from expanded multidisciplined capabilities Strong defence fuel credentials and track record positions us well for increased defence infrastr
Slide 17: Formal Business
FY2024 AGM Formal Business 20 SAUNDERS FY2024 AGM
Slide 18: Resolution: Adopt the remuneration report
RESOLUTION 1 Non-binding resolution to adopt the remuneration report 21 SAUNDERS FY2024 AGM
Slide 19: Proxy Position: Resolution 1
Proxy Position: Resolution 1 Non-binding For Against resolution to adopt 84,869,156 Votes 284,349 Votes the remuneration 34 Holders 9 Holders report 99.48% 0.33% 22 SAUNDERS FY2024 AGM
Slide 20: Resolution: Re-election of Mr Greg Fletcher
RESOLUTION 2 Re-election of Mr Greg Fletcher as a Director 23 SAUNDERS FY2024 AGM
Slide 21: Proxy Position: Resolution 2
Proxy Position: Resolution 2 Re-election of Mr For Against Greg Fletcher as a 88,992,674 Votes 10,534 Votes Director 44 Holders 2 Holders 99.80% 0.01% 24 SAUNDERS FY2024 AGM
Slide 22: Resolution 3: Performance rights to Managing Director
RESOLUTION 3 Approval for the granting of performance rights under the Saunders International Limited Rights Plan to the Managing Director 25 SAUNDERS FY2024 AGM
Slide 23: Proxy Position: Resolution 3
Proxy Position: Resolution 3 Approval for the For Against granting of 84,994,065 Votes 369,280 Votes performance rights 30 Holders 15 Holders under the Saunders International Limited 99.37% 0.43% Rights Plan to the Managing Director 26 SAUNDERS FY2024 AGM
Slide 24: Thank you
Thank you 27 SAUNDERS FY2024 AGM
Slide 25: Important Information for Investors
IMPORTANT INFORMATION FOR INVESTORS This presentation has been prepared by You should not act or refrain from acting in Saunders International Limited (“Saunders”, reliance on this presentation material. This “the Company”, “The Group”) as a summary overview of Saunders does not purport to be of the