Civmec Limited · SGX:P9D
Civmec — Euroz Conference (March 2020)
20 slides from Civmec's conference presentation, Mar 12, 2020
Slide 1: Investor Presentation March 2020
For personal use only INVESTOR PRESENTATION MARCH 2020
Slide 2: Company Snapshot
COMPANY SNAPSHOT For personal use only A leading end-to-end provider of integrated, multi-disciplinary heavy engineering, construction and maintenance services $765 million 3 Key Sectors $253 million Contracted Order Book Metals & Minerals Marine, Defence & Oil & Gas Book value of Property, (31 Dece
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only Executive Management Team Capital Structure Shares on Issue m 501.0 Jim Fitzgerald Performance Rights m 7.4 Executive Chairman With more than 35 years’ experience, Mr Fitzgerald has Options m 4.0 a natural ability to create solutions for complex tasks. He has
Slide 4: Financial Highlights – Continued Margin Improvement
FINANCIAL HIGHLIGHTS – CONTINUED MARGIN IMPROVEMENT For personal use only 1H FY20 vs 1H FY19 2H FY19 1H FY20 2H FY19 Revenue A$335.0m A$153.5m A$166.2m A$12.7m • Renewed focus during 2019 on profitability EBITDA A$15.0m A$9.0m A$17.6m A$8.6m and operating cash flows NPAT A$5.8m A$0.3m A$8.1m A$7.8m
Slide 5: Key Operating Sectors
KEY OPERATING SECTORS For personal use only METALS & MINERALS MARINE, DEFENCE & OIL & GAS • Full turnkey services including civil INFRASTRUCTURE • Tailored solutions for upstream and concrete, fabrication, modularisation, downstream projects, including fabrication, • A world-class strategic asset an
Slide 6: Current Significant Projects
CURRENT SIGNIFICANT PROJECTS For personal use only ALBEMARLE KEMERTON BHP SOUTH FLANK FMG ELIWANA OFFSHORE PATROL MAINTENANCE & LITHIUM PROJECT IRON ORE PROJECT IRON ORE PROJECT VESSELS SHUTDOWN CONTRACTS CLIENT: Albemarle CLIENTS: Thyssenkrupp CLIENT: FMG CLIENTS: Royal Australian CLIENTS: Roy Hill
Slide 7: Henderson Facility, WA
• 200,000m2 land area, with 100,000m2 of usable undercover area • New 53,000m2 (usable floor area), 70 metre high, assembly and HENDERSON FACILITY, HENDERSON FACILITYWA sustainment hall – largest undercover facility in Australia ~$190 million facility, 100% owned by Civmec • 400 tonne lifting capaci
Slide 8: Henderson Assembly and Sustainment Hall
HENDERSON ASSEMBLY AND SUSTAINMENT HALL A KEY STRATEGIC ASSET For personal use only STRATEGIC ASSEMBLY AND SUSTAINMENT CAPABILITY • Located in the Australian Marine Complex, 10 kilometres from Garden Island, home to a significant portion of Australia’s naval fleet • Now structurally complete and ope
Slide 9: Newcastle Facility, NSW
NEWCASTLE FACILITY, NSW ~$40 million facility, 100% owned by Civmec For personal use only • 25,000m2 of usable undercover area, including heavy engineering facility, precast/prestressed concrete facility and paint/blast facility • Strategically located on 227,000m2 of land, just 14 kilometres from t
Slide 10: Future Strategy & Outlook
FUTURE For personal use only STRATEGY & OUTLOOK 10
Slide 11: FY20 Key Projects
FY20 KEY PROJECTS For personal use only Santos Varanus Island Compression Project Chevron Gorgon LNG Maintenance contracts Stage 2 Subsea Projects across Australia BHP South Flank Roy Hill Iron Ore Project Iron Ore Project FMG Eliwana Iron Ore Project Tray Bodies for Hunter Valley region Luerssen Au
Slide 12: Well Positioned for Strong Project Pipeline
WELL POSITIONED FOR STRONG PROJECT PIPELINE For personal use only • Strong focus on Metals & Minerals sector opportunities • Focus on securing lower risk Lump Sum/Schedule of Rates contracts, with less reliance on EPC/D&C models • Well positioned to secure projects that utilise a combination of Civm
Slide 13: Robust Recurring Revenue Base
ROBUST RECURRING REVENUE BASE For personal use only SHIPBUILDING MAINTENANCE MANUFACTURING • OPV contract provides • Increased capability and • Product line opportunities sustained revenue until diversified client base at both Henderson and 2029, utilising only 40% enables delivery of Newcastle capa
Slide 14: Year Market Outlook – 2020 to 2029
10 YEAR MARKET OUTLOOK – 2020 to 2029 For personal use only Total A$867b Total WA NT SA QLD NSW VIC $108b Metals and Minerals $140b $64b $8b $13b $33b $21b $2b $155b Oil, Gas & Energy $266b $45b $93b $17b $44b $43b $24b Infrastructure $369b $16b $7b $22b $77b $167b $79b $130b Defence $89b $4b - $85b
Slide 15: Focus on Continual Improvement
FOCUS ON CONTINUAL IMPROVEMENT For personal use only PEOPLE SYSTEMS • Continue to invest in training and • Staged adoption of new development technology • Graduate and apprenticeship • Process and systems programs improvements • Increase collaboration with • Further rollout of Civtrac universities,
Slide 16: Financial Overview
For personal use only 16 FINANCIAL OVERVIEW
Slide 17: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE For personal use only Revenue (A$M) NPAT (A$M) 450 12 400 10 350 300 8 250 6 200 150 4 100 2 Focus on 50 0 consolidating 0 1H18 2H18 1H19 2H19 1H20 1H18 2H18 1H19 2H19 1H20 projects and improving Order Book (A$M) EBITDA (A$M) 900 25 margins 800 700 20 600 500 15 400
Slide 18: Considerable Investment in Strategic Assets
CONSIDERABLE INVESTMENT IN STRATEGIC ASSETS For personal use only Continued investment into strategic asset base 300 Considerable investment into property, plant and equipment, 250 provides Civmec with a substantial strategic asset base PPE Book Value (A$M) 200 Summary Balance Sheet Dec 2019 150 Cur
Slide 19: 1H FY20 Performance
1H FY20 PERFORMANCE For personal use only FINANCIAL OPERATIONAL Focus on improving margins and • Major projects continue to ramp up: generating positive operating ▪ full vertical delivery of the cashflows: Primary Crushing and Ore • Revenue of A$166.2m, expected to Processing Facility for FMG’s incr
Slide 20: Thank You
For personal use only THANK YOU