Environmental Group Limited · ASX:EGL
Environmental — H1 2021 Earnings Presentation
27 slides from Environmental's earnings presentation, Feb 25, 2021
Slide 1: H1 2021 Financial Results
H1 2021 Financial Results $24M 31.1% $1.4M Total Revenue Increase in Revenue EBITDA – after on prior comparable significant items up 205% period (pcp) $0.8M $0.37M $0.2M EBIT – after NPAT – after Significant items consisting significant items significant items of redundancies & FX losses 1 Presentat
Slide 2: Disclaimer
HEAD OFFICE Level 1, Suite 1 10 Ferntree Place Disclaimer Notting Hill EGL advises that these presentation slides contain forward looking statements which may be Victoria 3168 subject to significant uncertainties outside of EGL’s control. No representation is made as to the Phone: 03 9763 6711 accur
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Slide 4: 1H FY21 Financial Results
1H FY21 Financial Results $24.1M 31.1% $1.4M Total Revenue Increase in Revenue EBITDA – after on prior comparable significant items up 105% period (pcp) $0.8M $0.4M $0.2M EBIT – after NPAT – after Significant items consisting significant items significant items of redundancies & FX losses 4 Presenta
Slide 5: 1H FY21 Financial Results
1H FY21 Financial Results $-0.8M $15.6M 26.1% Net decrease in cash was poor Net assets up $1.3M Gross margin lower due to but is effected by the timing of Baltec margin pressure and large project related payments the slow down in TES $1.0M $12.7M $0.3M Equity capital raise net of Baltec work in hand
Slide 6: 1H FY21 Financial Results commentary
1H FY 21 Revenue up by 31.1% driven by strong growth in Baltec Financial Results $24M despite COVID19 travel restriction with 80% of its work performed internationally. Tomlinson's Energy Services (TES) commentary revenue was down due to the postponement and cancellation of some projects and restric
Slide 7: Operating Units
Operating Units 1 The Envonmertal Group Lied
Slide 8: Baltec Inlet and Exhaust Systems
01 Baltec Inlet and Exhaust Systems 8
Slide 9: Baltec IES supports the gas turbine industry in its role in assisting the transition
Baltec IES supports the gas turbine industry in Revenue its role in assisting the transition from coal- powered to renewable energy production. 1H21 $11.3M Tailoring products and custom designs specifically to meet clients’ requirements: 1H20 $3.8M Key offering •Turbine performance enhancement for
Slide 10: 1H FY2021 Results Commentary
1H FY2021 RESULTS COMMENTARY • Strong sales due to significantly improved pipeline. • Good project management. • 80% of work performed internationally had its challenges due to COVID19. • Refined efforts on targeting specific customers. • New sales lead management platform introduced to improve sale
Slide 11: Key Products
Key Products Diverter Inlet Filter Dampers Houses Silencers Bypass and HRSG Guillotine Heating and Exhaust Stacks Dampers Cooling Systems 11
Slide 12: Tomlinson Energy Service
02 Tomlinson Energy Service 12
Slide 13: Tomlinson Energy Service offers a network of service offices across Australia
Tomlinson Energy Service offers a network Revenue of service offices across Australia providing 24/7 service, maintenance and 1H21 $10.3M repairs of both proprietary equipment and 1H20 $10.9M other OEM equipment. Key Offering EBIT MARGIN • Sale and Installation of cost-effective boilers design focus
Slide 14: 1H FY2021 Results Commentary
1H FY2021 RESULTS COMMENTARY • Revenue at $10.3m during the COVID19 pandemic a credible result. • TES operates on the client's sites which created a significant barrier with many facilities closed during the period especially in Victoria. • TES continued to provide essential service during Covid-19
Slide 15: Key Products
Key Products Industrial Industrial Large Commercial Steam Boilers Package Burners Hot Water Boilers Thermal Oil Biomass Steam and Heaters Hot Water Generation 15
Slide 16: Total Air Pollution Control
03 Total Air Pollution Control 16
Slide 17: Revenue
Revenue 1H21 $2.2M TAPC designs, manufactures and services flue gas treatment systems 1H20 $3.5M which prevent harmful contaminants being discharged into the atmosphere. Key offering EBIT MARGIN • Scrubbers including dry and wet for the removal 1H21 22.7% of particulates and gaseous contaminants. 1H
Slide 18: 1H FY2021 Results Commentary
1H FY2021 RESULTS COMMENTARY • Revenue was down 37% after the division was split into two operating segments. • Targeted clients has led to EBIT margin of 23% up from 18% in the pcp. • While COVID19 slowed down some quoting and approvals of work, the market for pollution control equipment appears to
Slide 19: Key Products
Key Products Dry Wet Electrostatic Scrubber Scrubber Precipitators Fabric Filters Aeromixes Flue-Gas (Baghouse) & Cyclones Desulphurisation 19
Slide 20: EGL Water
04 EGL Water 20
Slide 21: EGL Water division has enhanced patented technology to remove PFAS
EGL Water division has enhanced patented technology designed to protect our environment by the removal of Per- and polyfluoroalkyl chemical substances (PFAS) from contaminated water. • PFAS was primarily used in aircraft fire fighting as a fire retardant however its use expanded into plastics and cl
Slide 22: 1H FY2021 Results Commentary
1H FY2021 RESULTS COMMENTARY • EGL was able to demonstrate, with various PFAS waste streams at pilot plant level, the successful removal of regulated PFAS. • This has led to the in-principle negotiations for a commercial trial of a plant at a client's site. • Negotiations are expected to conclude in
Slide 23: Forward Outlook
03 Forward Outlook 23
Slide 24: Forward Outlook
Forward Outlook 01 02 03 04 Recruitment of CEO – Jason Recruitment of National Recruitment process for two Corporate costs well Dixon. 10 years executive Sales & Marketing Manager- independent directors well managed over the last 12 experience at Tox Free Paul Gaskett. 14 years advanced months to de
Slide 25: Forward Outlook
Forward Outlook 05 06 07 08 Tomlinson should have Baltec & TAPC are expected EGL – Turmec Agency The EGL Water PFAS stronger half if COVID19 to deliver a similar result to agreement provides a new commercial trial may lead to restrictions continue to the first half avenue for growth with a world a s
Slide 26: EGL – Turmec Agency Agreement
EGL – Turmec Agency Agreement EGL has entered into an exclusive Agency Agreement with Turmec Pty Limited (Turmec) for the sale of world leading recycling solutions in Australia. Turmec are specialists in recycling solutions for the global waste industry, providing bespoke systems that enable their c
Slide 27: Questions?
Questions? 27