Slide 1: HY2024 Results Presentation
HY2024 Results Presentation For the 6 months ended 31 December 2023 Image: Kwinana BESS Stage 2, Western Australia
Slide 2: Our Company
Our Company Group Snapshot..............................................03 Financial Highlights……………………….04 Operational Highlights…………………...06 SHEQ & People.................................................08 Part 1: HY2024 Results Financial Overview.…..…………………….09 Historical Performance…………………..10 S
Slide 3: Group Snapshot
3 35% $250m Operating of Group revenue derived from East HY2024 Segments Coast Operations Revenue Infrastructure ~1,000 Group Snapshot Employees across Australia COMMUNICATIONS Industrial Services 14% PRIVATE/OTHER 2.9 7% MINING 31% TRIFR ~94 Communications @ 31 Dec 2023 Apprentices, Trainees POWER
Slide 4: HY2024 Financial Highlights
HY2024 Financial Highlights $250m Revenue of $250 million Up 11% on PCP, Up 14% on H2 2023 $21.9m Normalised EBITDA of $21.9 million Up 27% on PCP, Up 12% on H2 2023 $9.0m Statutory NPAT of $9 million Up 42% on PCP, Up 29% on H2 2023 $10.2m NPAT-A of $10.2 million Up 35% on PCP, Up 24% on H2 2023 $5
Slide 5: Outlook Summary
OUTLOOK SUMMARY Summary of Outlook Orderbook & Pipeline (A$ millions) 2,500 • With industry tailwinds gaining momentum, Genus now expects to capitalise on this to deliver 10-15% growth in EBITDA in FY2024 (revised from high single to low double-digit growth in EBITDA). 2,000 2,046 1,863 • Strong and
Slide 6: Highlights
HIGHLIGHTS Highlights Operational • A strong half year, as Genus continues to expand geographically and across all operational sectors – as we increasingly demonstrate our capacity to deliver complex, flagship projects across Australia which will be critical in realising the nation’s energy transiti
Slide 7: SHEQ & People
SHEQ SHEQ • GNP (all 10 x entities) were triple ISO Management System Certified (45001, 14001 & DEC JUN DEC JUN DEC Target 9001) with no non-conformances identified. 2021 2022 2022 2023 2023 2024 • Development of Genus Climate Strategy & GHG Emissions Framework for scope 1, 2 TRIFR 3.3 3.6 3.8 2.4 2
Slide 8: HY2024 Results
Part 1 HY2024 Results Highlights | Financials 08
Slide 9: Historical Performance
FINANCIAL Historical Performance Revenue (A$ Millions) Normalised EBITDA & EBIT-A (A$ Millions) 500 40.0 450 35.0 36.8 451 444 35.1 400 30.0 32.4 350 25.0 300 25.0 24.7 24.9 318 20.0 21.9 250 19.6 250 15.0 200 15.9 14.4 10.0 12.8 150 170 9.3 5.0 100 99 0.0 50 FY19 FY20 FY21 FY22 FY23 HY24 0 FY19 FY2
Slide 10: HY2024 Financial Overview
FINANCIAL HY2024 Financial Overview Profit & Loss Statement (A$ millions) HY2023 HY2024 Change • Half year revenue of $250 million up 11.3% on pcp. Revenue 224.5 250.0 +11.3% • Normalised EBITDA $21.9 million up 27.2% on pcp. Normalised EBITDA 17.2 21.9 +27.2% • Normalised EBIT-A $15.9 million up 37
Slide 11: Segments: Infrastructure, Industrial Services, Communications
Infrastructure Industrial Services Communications Revenue HY2024 Revenue HY2024 Revenue HY2024 $162m $58m $34m 1% on PCP 35% on PCP 17% on PCP Innovative & fully integrated Electrical & From constructing state-of-the-art networks, to Bringing together the industry-leading expertise and Instrumentati
Slide 12: Infrastructure
SEGMENTS Infrastructure Segment Profit & Loss • Half year revenue of $162.1 million down 1% on pcp. HY2023 HY2024 Change Statement (A$ millions) • Normalised EBITDA $19.5 million up 18.5% on pcp. Revenue 163.8 162.1 (1.0%) • Normalised EBIT-A $14.6 million up 27% on pcp. Normalised EBITDA 16.5 19.5
Slide 13: Industrial Services
SEGMENTS Industrial Services • Half year revenue of $58.4 million up 34.7% on pcp. Segment Profit & Loss HY2023 HY2024 Change Statement (A$ millions) • Normalised EBITDA of $1.3 million down 30.9% on pcp. Revenue 43.4 58.4 +34.7% • Normalised EBIT-A of $1.1 million down 32.4% on pcp. Normalised EBIT
Slide 14: Communications
SEGMENTS Communications Segment Profit & Loss HY2023 HY2024 Change • Half year revenue of $33.7 million up 16.9% on pcp. Statement (A$ millions) • Normalised EBITDA of $0.2 million improved from a Revenue 28.8 33.7 +16.9% Normalised EBITDA (0.3) 0.2 n/a loss of $0.3 million on pcp. Depreciation & am
Slide 15: Financial Overview
FINANCIAL Financial Overview • Cash balance strong at $50.3 million with net cash of Balance sheet (A$ millions) Jun-23 Dec-23 Cash and cash equivalents 46.7 50.3 $25.6 million (excluding right of use asset property Lease liabilities (18.4) (19.1) Financial liabilities (5.9) (5.6) lease liabilities
Slide 16: Cashflow
FINANCIAL Cashflow • Cash balance at 31 December 2023 of $50.3 million • Acquisition of Prasinus Energy Services & Blue Tongue • Cash Conversion of EBITDA to Cash provided by operating Energy for $2.4 million activities of 125% • Statutory cash inflow from operations of $19.5 million • $8.4 million
Slide 17: Outlook & Growth Strategy
Part 2 Outlook & Growth Strategy 17
Slide 18: Key Market Drivers
MARKET DRIVERS Key Market Drivers*: Australia is accelerating toward net-zero • With coal expected to retire faster than previously announced, the NEM is forecast to need a seven-fold increase in large-scale wind and solar generation by 2050. • It also requires building close to 10,000 km of new tra
Slide 19: Connecting the Future – Infrastructure
STRATEGY Connecting the Future – Infrastructure • The Federal Government $20 billion Rewiring the Nation Plan is designed to ensure the transmission infrastructure is funded and delivered. • Replacement dispatchable capacity of 47 GW from battery and hydro storage is required to firm renewable energ
Slide 20: Humelink East – A Milestone Award
Humelink East – A Milestone Award. Australia’s Networks are Evolving. We’re ready. • Genus was awarded a contract to deliver Transgrid’s Humelink East Project in JV with ACCIONA: leading the transition to Australia’s clean future while embedding the company’s position on the east coast. • HumeLink i
Slide 21: Melbourne Renewable Energy Hub (MREH)
Melbourne Renewable Energy Hub (MREH) A Globally Significant BESS Project • Awarded three contracts for engineering, procurement, construction and commissioning for the Balance of Plant scope and BESS installation for this 600MW/1,600MWh battery energy storage project, alongside our JV partner Samsu
Slide 22: Strategy Update – Industrial Services
Strategy Update – Industrial Services Utility BESS Projects • With the Genus’ completion of Synergy’s Kwinana BESS 1 project and stage 2 now well underway – in addition to Victoria’s MREH BESS - Genus has a platform to build a significant pipeline of EPC opportunities greater than 100MW. • The growt
Slide 23: Market Snapshot – Industrial Services
MARKET SNAPSHOT Kevin Market Snapshot – Industrial Services • There are significant opportunities emerging from Australia’s mining, resources & energy sector especially in the new energy economy. • Hydrogen, ammonia, and carbon capture & storage (CCS) projects account for $303 billion. ❖ With this e
Slide 24: Strategy Update – Communications
STRATEGY Strategy Update – Communications Telecommunications Infrastructure Construction in Australia • Commenced work under on a 18 month program of work Source: IBISWorld delivering N2P works under the 3 year Master Agreement. • Partnership with nbn continues to mature with opportunities presentin
Slide 25: Corporate Overview
CORPORATE Corporate Overview Share Price Chart since ASX listing Share Price (20 February 2024) A$/sh $1.385 (from 14 December 2020 to 20 February 2024) Number of Shares M 177.7 Market Cap A$M $246.1 Cash A$M $50.3 Debt A$M $24.7 Shareholders HY2024 Results | Investor Presentation Board of Directors
Slide 26: Reconciliation of Non-IFRS Financial Information
Strategy Appendix Reconciliation of Non-IFRS Financial Information $ Millions HY2023 HY2024 Profit for the year (as reported) 6.4 9.0 Notes: EBITDA/EBIT-A/NPAT-A are non-IFRS measures that are Add Back: unaudited but derived from auditor reviewed Half-Year • Amortisation relating to acquisition of i
Slide 27: Important Notice
Strategy Important Notice Disclaimer This presentation has been prepared by GenusPlus Group Ltd (Genus or the Company). It contains general background information about the Company’s activities current as at the date of this presentation. It is information given in summary form and does not purport