Slide 1: 2020 Full Year Results
2020 Full Year Results MADER GROUP LIMITED | 27 AUGUST 2020
Slide 2: FY2020 Highlights
FY2020 Highlights REVENUE CHANGE (FROM FY2019) • Successfully listed on the ASX in October 2019 • Purely organic revenue growth of 20% made up of: $274 M + 20% • Revenue growth in all Australian regions ADJUSTED EBITDA1 • Higher than forecast growth in USA and NSW • $33.1 M + 30% Decline in revenue
Slide 3: Group Outlook
Group Outlook • Strong macro trends position Mader for continued growth on a global scale: • Mader is well placed to deal with the challenges of COVID-19 • Positive outlook for maintenance sector with continued strong demand for Revenue by Region services 300 • Mining provinces globally show increas
Slide 4: Western Australia Outlook
Western Australia Outlook FY2020 • Western Australia revenue of $181m, up 24% from FY2019 Region 200 Summary • Continued scaling of ancillary and complementary services Revenue up achieved year on year revenue growth of 41% in WA 180 24% From 2019 160 FY2021 • Preferred maintenance supplier for Roy
Slide 5: Eastern Australia Outlook
Eastern Australia Outlook FY2020 • Eastern Region revenue of $45m, up 31% from Summary FY2019 50 Region • QLD revenue up 14% 45 Revenue up by • NSW revenue up 107% 40 31% From FY2019 FY2021 • Market sentiment in QLD is softer due to coal price movements. In response: 35 Outlook • QLD continues to di
Slide 6: United States of America Outlook
Revenue United States of America Outlook growth of FY2020 • Fully organic start up returned higher than forecast revenue 6.0 1,242% From FY2019 Summary and profit of $A14m 5.0 • USA operations profitable with scale benefits continuing FY2020 Revenue A$ m month on month 4.0 • FY2020 average quarterly
Slide 7: Central Australia Outlook
Central Australia Outlook 25 Region FY2020 • Central Region revenue of SA and NT comprised Revenue up by Summary $21m, up 4% from FY2019 • Steady growth in the NT and a slight decline in 20 4% From 2019 revenue in SA • Numbers reduced in SA due to workforce Revenue A$ m rationalisation at Olympic Da
Slide 8: International Outlook (non-USA)
International Outlook (non-USA) FY2020 • Revenue declined by 52% in FY2020 as a result of a pause in 30 Summary our International operations (non-USA) due to principal COVID19 impacts Revenue • Mader withdrew its expatriate workforce from Africa and 25 decline of Asia, largely re-mobilising them in
Slide 9: Profit & Loss
Profit & Loss Currency: A$’000 FY2019 FY2020 Revenue 228,645 273,547 • Steady margin driven by decrease in EBITDA 25,454 33,026 International (Africa, Asia, South America) revenues offset by scaling in the USA … EBITDA margin 11.1% 12.1% • Revenue and EBITDA slightly below EBIT 21,628 26,424 expecta
Slide 10: Balance Sheet
Balance Sheet Currency: A$’000 June 2019 June 2020 Cash and cash equivalents 3,049 6,456 • Simple balance sheet Receivables 54,495 55,049 • Principal asset is receivables Tax Assets 1,896 1,970 • ~ 2.4x monthly revenue Other assets 1,820 2,104 • Property, plant and equipment primarily Right of use o
Slide 11: Cashflow
Cashflow Currency: A$’000 FY2019 FY2020 • Operating cash flow of $20.4 million was a $10.4 million Earnings before interest and tax 21,628 26,424 improvement on FY2019 Interest received (paid) (1,475) (1,513) • Operating cash flow before interest and tax (OCFBIT) of $28.3 Income tax paid (2,800) (6,
Slide 12: Safety & People
Safety & People Our goal is zero harm and we will continue to Injury frequency rates work with our employees and clients to achieve 7 this. • Total recordable injury frequency rate 6.3 6 • Lost time injury frequency rate 1.75 5 • Continuous improvement to HSE systems and process: 4 • Implemented new
Slide 13: Appendices
Appendices MADER GROUP LIMITED
Slide 14: Industry Outlook
A range of positive underlying trends for Mader: • Increasing forecast mining maintenance expenditure Industry Outlook • • Ongoing production growth in key commodities An industry trend for equipment to be used longer before replacement • Aging of mining equipment purchased during a period of peak c
Slide 15: Our Year Journey
Our 15 Year Journey 1,334 employees Mader enters TAS 1,133 employees Mader lists on the Australian Stock Exchange 927 employees Mader enters USA 567 employees Mader enters NSW and SA 251 employees Mader enters QLD Mader opens first Mader International 100 employees Mader established workshop launche
Slide 16: Expanding Global Platform
Expanding Global Platform EAST ASIA Mongolia SOUTH EAST ASIA Laos Philippines NORTHERN TERRITORY Tanami McArthur River QUEENSLAND USA Brisbane Nevada Bowen Basin Wyoming Surat Basin Arizona Far North Queensland Tennessee Florida AUSTRALIAN Texas CAPITAL TERRITORY AFRICA Mauritania WESTERN AUSTRALIA
Slide 17: Growth opportunities and addressable market
Growth opportunities and addressable market MTPA means Million Metric Tonnes Per Annum (FY2018 Run of Mine Production) ▪ Current markets ▪ Recently entered markets ▪ Potential markets CENTRAL ASIA MTPA CANADA MTPA Mongolia 123 Canadian Copper (excl. Gold) 88 Canadian Gold 155 SOUTH EAST ASIA MTPA (i
Slide 18: Competitive Position
Competitive Position Mader believes it differs from its competitors on its combination of value, flexibility, quality and capacity. Longstanding relationships with top tier mining customers are built on quality of service and a focus by the Mader Group on its people, culture and reputation. MARKET S
Slide 19: System & Scheduling
System & Scheduling Mader Group coordinators strategically pair ~2,300 1,334 skilled staff with corresponding projects that match their skillset and availability. This 35 sophisticated scheduling system has been developed and continuously refined since the 17,660 company’s inception. ~2,500 3,900 Mu
Slide 20: Top Tier Client Base
Top Tier Client Base Mader Group Limited Full Year Results | August www.madergroup.com.au
Slide 21: Corporate Social Responsibility
Corporate Social Responsibility Mader Group aim to empower communities, improve social dynamics and lessen inequality by sponsoring initiatives that support socio-economic development in remote areas and disadvantaged communities. We help fund a growing number of initiatives across the globe, with p
Slide 22: Notes to financials
Notes to financials Currency: A$’000 FY2019 FY2020 Statutory net profit after tax 14,900 17,504 Public company costs1 (228) - One-off offer costs2 908 856 Impact of accounting standard AASB 16 (267) (65) Impact of income tax3 (124) (237) Adjusted net profit after tax 15,189 18,058 Adjusted net profi
Slide 23: Our Vision
Our Vision To be the outsourced provider of choice • To maintain our superior customer service, people and culture • To be the first choice place of employment for quality tradespeople in equipment maintenance • To replicate and grow our business model
Slide 24: Disclaimer
Disclaimer This presentation has been prepared by Mader Group Limited (ACN 159 340 397) “Mader”, “Mader Group” and the “Company”). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or financial product ad
Slide 25: Mader Group Limited
Mader Group Limited