Maas Group Holdings Ltd. · ASX:MGH
Maas — Investor Presentation (November 2021)
30 slides from Maas's investor presentation, Nov 29, 2021
Slide 1: MAAS Group Holdings Limited – Investor Presentation November 2021
20L Sheraton Rd, Dubbo NSW 2830 PO Box 4921, Dubbo NSW 2830 E: info@maasgroup.com.au Ph: 02 5852 1800 ASX Announcement 29 November 2021 MAAS GROUP HOLDINGS LIMITED – INVESTOR PRESENTATION NOVEMBER 2021 MAAS Group Holdings Limited (ASX:MGH) (“MAAS Group, MAAS or “MGH) is conducting an investor update
Slide 2: Investor Presentation November 2021
INVESTOR PRESENTATION NOVEMBER 2021 MAAS Investor Presentation November 2021 1
Slide 3: Disclaimer
Disclaimer Important information The purpose of this presentation is to provide general information about MAAS Group Holdings Ltd (MAAS or the Company) and its subsidiaries and business. No offer of securities This presentation is for informational purposes only and does not constitute or form any p
Slide 4: Our Vision
OUR VISION Be the market leader in all fields we operate with sustainable growth How ➢ Deliver customer solutions ➢ Empower the team ➢ Harness and build on the culture ➢ Be the lowest cost producer ➢ Compete MAAS Investor Presentation November 2021 3
Slide 5: MAAS Investor Presentation November 2021
MAAS Investor Presentation November 2021 4 MAAS Investor Presentation November 2021
Slide 6: Key Messages
Key Messages MAAS Group is a leading independent Australian construction materials, equipment and services provider with diversified exposures across the civil, infrastructure, mining and real estate end markets ► Expected organic EBITDA growth underpinned by proven stability and business model ► Po
Slide 7: Key Drivers - Infrastructure
Key Drivers - Infrastructure Australian Infrastructure Boom • Approximately 434 projects worth $218 billion will be completed by 2025 • Average annual industry growth rate forecast between 18% - 33% • Over the next 3 years the investment in infrastructure will likely – at least – double current spen
Slide 8: Key Drivers – Regional Development
Key Drivers – Regional Development Major Infrastructure Projects1 • $4.5 billion Snowy Hydro 2.0 Project involves linking two existing dams, Tantangara and Talbingo, through 27km of tunnels and building a new underground power station • $15 billion Inland Rail project includes the creation of a 1,70
Slide 9: MAAS Geographic Footprint
MAAS Geographic Footprint Fixed Assets & Operations International - Vietnam Construction Materials: Quarry’s - Indonesia networked for hub operations; concrete capabilities at stages of maturity NSW – North Quarries - Moree - Tamworth - Inverell - Willowtree Queensland Real Estate: Residential & - B
Slide 10: MAAS East Coast Footprint
MAAS East Coast Footprint Rockhampton Operational Hubs & Vertical Integration Real Estate Quarry Quarry & Concrete Tamworth Complete vertical integration of value chain self perform developments Dubbo Mudgee Newcastle ► MAAS deliver contracted services that build public and private infrastructure Or
Slide 11: Acquisition Pipeline
Acquisition Pipeline Targeting Vertical Integration & New Markets ► MAAS has executed separate non binding term sheets with different vendors for the acquisition of 2 separate operating quarry businesses in Central Queensland with the term sheets including a binding exclusivity agreement in favour o
Slide 12: Segment Performance - Construction Materials
SEGMENT PERFORMANCE - CONSTRUCTION MATERIALS EBITDA (A$m) Range Guidance High Low 33.5 ► 23 strategically located quarries with 14 in operation and planning and development of the new quarries in progress ► Growth driven both organically and via acquisition with the Inland Rail project moving to its
Slide 13: Infrastructure Opportunities: Led by Construction Materials
Infrastructure Opportunities Led by Construction Materials Inland Rail Central QLD Newell Hwy Upgrade The project, overseen by ARTC, has been split into 13 1. Lower Fitzroy River / Rookwood Weir - The The NSW Government has introduced the Newell Highway sections, with one in Victoria, seven in New S
Slide 14: MAAS East Coast Construction Materials Footprint
MAAS East Coast Construction Materials Rockhampton Footprint Significant infrastructure projects Quarry Quarry & Concrete Tamworth Complete vertical integration of value chain self perform developments Dubbo Mudgee Newcastle Orange Inland Rail Sydney Griffith Renewable Energy Zone (REZ), Central Wes
Slide 15: Segment Performance - Civil Construction & Hire
SEGMENT PERFORMANCE - CIVIL CONSTRUCTION & HIRE EBITDA (A$m) Range Guidance High Low ► Outlook remains strong with significant pipeline of infrastructure projects continuing to come online over the next 3 – 5 years 48.9 ► Acquisitions of A1 Earthworx in NSW and Amcor Excavations in QLD expand operat
Slide 16: Infrastructure Opportunities: Led by Civil Construction & Hire
Infrastructure Opportunities Led by Civil Construction & Hire Snowy Hydro 2.0 REZ Great Western Hwy The Snowy 2.0 and Transmission Project is an expansion of the generating capacity of the Snowy The NSW Government’s Electricity Strategy and Duplicate the Great Western Highway, from Katoomba Mountain
Slide 17: Segment Performance - Real Estate
SEGMENT PERFORMANCE - REAL ESTATE EBITDA (A$m) Range Guidance High Low ► Significant growth forecast from investments in the residential portfolio over the last 3 – 5 years 46.2 as well as increase construction capabilities and vertical integration of building supplies ► Residential portfolio in exc
Slide 18: Market Opportunities: Led by Real Estate
Market Opportunities Led by Real Estate Net Migration Housing Crisis EVO Cities A net 43,000 Australians moved to regional areas The four Evocities are: from capital cities in 2020 up from 18,900 in 2019. Targeted intervention is needed to solve regional This was the largest net inflow to the region
Slide 19: Regional Median Sales Prices
Regional Median Sales Prices 2017 – 2021. Source: RPData/Corelogic Dubbo MAAS residential land bank markets Orange Bathurst Mudgee Griffith MAAS Investor Presentation November 2021 18
Slide 20: Residential Pipeline
Residential Pipeline Forecast run rate of residential pipeline from existing landbank – lots settled per year ► On track to deliver significant growth into FY22 and beyond as we bring on new properties in new locations ► Current lot delivery target ~280 then building toward >500 by FY24 ► Building o
Slide 21: Commercial Portfolio
Commercial Portfolio Planned industrial and commercial developments Expected Expected GDV Development Location Status Delivery Year ($m)1 Childcare Southlakes Childcare Centre Dubbo NSW 2021 6.0 Completed Westwinds Childcare Centre Orange NSW 2023-2024 6.0 DA pending Southlakes Childcare Centre #2 D
Slide 22: Construction Capabilities to Supply/Perform
Construction Capabilities to Supply/Perform Pull Through Value ► Subdivision Land Sales ► Home Build ► Commercial Construction Real Estate ► Plumbing ► Electrical ► Build Supplies ► Town Planning ► Engineering Planning & Design ► Engineering & Design Electrical ► Infrastructure Construction ► Utilit
Slide 23: Manufacturing & Sales
Manufacturing & Sales Solid result , fundamentals of the business remain strong EBITDA (A$m) Range Guidance High Low ► Vietnam based manufacturing facility with significant capacity to expand without additional capital expenditure 5.5 4.8 ► Business fundamentals remain solid despite the current chal
Slide 24: Manufacturing & Sales
Manufacturing & Sales Ho Chi Minh city at Loc An – Binh Son Long Thanh industrial park 31,000m2 of land with the world class facilities covering 20,000m2. Key pieces of plant include: ► 14 Gantry Cranes 10 Tonne Capacity ► 2 Large Capacity Bending Machines ► Rolling Machine ► CNC Plasma Cutters ► 2
Slide 25: Brands Owned & Manufactured by MAAS
Brands Owned & Manufactured by MAAS MAAS Investor Presentation November 2021 24
Slide 26: Growth Initiatives & Outlook
Growth Initiatives & Outlook Construction Materials Civil Construction and Hire ✓ Continuous improvement in quarry ✓ Growth expected to be supported by production contract wins and increased demand from the Real Estate segment ✓ Leverage transport fleet to services hubs most effectively ✓ Increase p
Slide 27: Balance Sheet Update
Balance Sheet Update Liquidity for investment pipeline Existing Bank Debt Facilities for Australian Operations MAAS have received credit approved term sheets from their Australian banking group of Westpac and CBA consenting to an increase in the core debt facilities to $300m with no change to the ex
Slide 28: Key Messages
Key Messages MAAS Group is a leading independent Australian construction materials, equipment and services provider with diversified exposures across the civil, infrastructure, mining and real estate end markets ► Expected organic EBITDA growth underpinned by proven stability and business model ► Po
Slide 29: Summary
SUMMARY SOLID ON TRACK CONTINUED FOUNDATIONS INVESTMENT FOR FUTURE GROWTH MAAS Investor Presentation November 2021
Slide 30: Q&A
Q&A MAAS Investor Presentation November 2021 29
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