Nrw Holdings Limited · ASX:NWH
Nrw — FY2019 Earnings Presentation
25 slides from Nrw's earnings presentation, Aug 22, 2019
Slide 1: NRW Holdings Full Year Results
For personal use only INSERT HEADING • Insert text here NRW HOLDINGS FULL YEAR RESULTS 22 AUGUST 2019
Slide 2: Results Overview
INSERT HEADING RESULTS OVERVIEW Operations Revenue(1) of $1,126.3M, an increase of 49% compared to the prior comparative period (pcp) For personal use only • Insert text here Comparative EBITDA(2) increased to $144.0M up 54% on pcp Pre-tax earnings include a $33.5M impairment of amounts relate
Slide 3: HSE & People
INSERT HSE & HEADING PEOPLE • Total Recordable Injury Frequency Rate (TRIFR) For personal use only Headcount • Insert text here performance across the business as at June 2019; 6.92 (6.39 as at June 2018). • While the safety and wellbeing of our people remains the highest priority, it was with great
Slide 4: Financial Overview
For personal use only INSERT HEADING • Insert text here FINANCIAL OVERVIEW
Slide 5: Summary Financials
INSERT HEADING SUMMARY FINANCIALS • 49% increase in Revenue(1) For personal use only FY19 FY18 • Insert text o New Civil here work and Mining contract expansion Revenue Earnings Revenue Earnings o Golding 12 months (FY19) v 10 months (FY18) $M $M $M $M o Inclusion of RCRMT from February 2019 1,126.3
Slide 6: Balance Sheet & Liquidity
INSERT HEADING BALANCE SHEET & LIQUIDITY Balance Sheet FY19 FY18 For personal use only • Insert text • Increase here in Cash is from operations (EBITDA) $M $M Cash 65.0 58.8 • Net assets increased to $291.5M Debt (100.5) (93.2) • Goodwill and Intangibles relate to the Golding and Net Debt (35.4) (34
Slide 7: Debt transitioning from Restructuring and Acquisition Finance to Equipment Finance
INSERT DEBT HEADING Debt is transitioning from Restructuring and Acquisition Finance to Equipment Finance For personal use only • Insert text Debt • Restructure here o In FY17 NRW refinanced all debt through a $70M Corporate note (“notes”) o The notes were refinanced by Bankwest in December 2018 to
Slide 8: Business Structure
INSERT HEADING BUSINESS STRUCTURE CIVIL MINING DRILL MINING For personal use only • Insert text here & BLAST TECHNOLOGIES NRW Civil NRW Mining Golding Civil Golding Mining Golding Urban AES Equipment Solutions Action Drill & Blast RCR Mining Technologies • Mine development • Whole of mine management
Slide 9: Business Performance
For personal use only INSERT HEADING • Insert text here BUSINESS PERFORMANCE
Slide 10: Civil
For personal use only INSERT HEADING • Insert text here CIVIL 10
Slide 11: Civil Results
CIVIL HEADING INSERT Results $M FY19 FY18 For personal use only • Insert text • Revenue here growth is Iron Ore projects offset by lower activity in Revenue 383.5 311.3 Golding and on FAL EBITDA 19.1 5.0% 20.3 6.5% • Margin impacted by low activity in Golding in second half, and Depreciation 2.3 2.5
Slide 12: Civil Outlook
INSERT HEADING CIVIL Outlook • Secured work for FY20 of $473M mostly supported by replacement tonnes programs (Iron Ore) For personal use only • Insert text here • Further packages currently being tendered in Iron Ore (rail and mine site development) • Directly addressable opportunities (earthworks
Slide 13: Mining
For personal use only INSERT HEADING • Insert text here MINING 13
Slide 14: Mining Results
MININGHEADING INSERT Results $M FY19 FY18 For personal use only • Insert text • Revenue here increase Revenue 622.9 347.3 o Higher activity on projects which commenced in FY18 EBITDA 113.4 18.2% 66.5 19.1% o Baralaba, Dalgaranga Depreciation (40.6) (28.1) o Contract scope increases Gascoyne (33.5) o
Slide 15: Mining Outlook
INSERT HEADING MINING Outlook • Clients looking to accelerate production – contract extensions received from Stanmore Coal and For personal use only • Insert text here Coronado - Equipment investment targeted at existing clients to support activity growth and contract term extension – Selective capi
Slide 16: Drill & Blast
For personal use only INSERT HEADING • Insert text here DRILL & BLAST 16
Slide 17: Drill & Blast Results and Outlook
INSERT DRILL HEADING & BLAST Results For personal use only • Insert textincrease • Revenue here- higher volumes from new work FY19 FY18 Revenue 140.9 117.0 • EBITDA – strong improvement in second half margins 11% EBITDA 12.0 8.5% 8.3 7.1% compared to 5.5% - drill remediation actions a major contribu
Slide 18: Mining Technologies
For personal use only INSERT HEADING • Insert text here MINING TECHNOLOGIES 18
Slide 19: RCR Mining Technologies
RCR MINING INSERT TECHNOLOGIES HEADING • Acquisition price $10M(1) - funded through existing cash reserves completed mid February 2019 For personal use only • Insert • Delivers text here a highly regarded and established platform with exposure to the resources and oil and gas sectors • RCR Mining Te
Slide 20: RCR Mining Technologies Strategic Fit
INSERT RCR HEADING MINING TECHNOLOGIES • Strong strategic fit with complementary capabilities and expanded service offering: For personal use only •oInsert text Opportunity here to offer clients an integrated service offering that includes design, procurement and maintenance o Adds scale and recurri
Slide 21: Summary
For personal use only INSERT HEADING • Insert text here SUMMARY
Slide 22: Tender Pipeline & Outlook
INSERT HEADING TENDER PIPELINE & OUTLOOK CIVIL MINING For personal use only • Insert text here • Current Order book $2.2B o Secured revenue for FY20 is $1.1B plus $0.2B 2,231 3,968 of expected revenue from RCRMT and Urban o Total scheduled work $1.3B • FY20 revenue guidance $1.5B • Strengthening Pip
Slide 23: Disclaimer
INSERT HEADING DISCLAIMER Summary information For personal use only • Insert text here • This Presentation Presentation. contains summary information about NRW and its associated entities and their activities current only at the date of this • This Presentation is for general information purposes on
Slide 24: Glossary
GLOSSARY INSERT HEADING Term Description FY19 The financial year ending 30 June 2019 For personal use only • Insert text here FY18 FY20 The financial year ending 30 June 2018 The financial year ending 30 June 2020 $ Australian dollars, unless otherwise stated AASB Australian Accounting Standards Boa
Slide 25: NRW.COM.AU
For personal use only INSERT HEADING • Insert text here NRW.COM.AU