Slide 1: Investor Presentation
Providing global mineral processing solutions ASX:GNG ASX:ABC For personal use only GR Engineering Services Limited Investor Presentation 24 February 2023
Slide 2: HY23 Results Summary
HY23 Results Summary For personal use only Earnings Balance Sheet & Cash Flow Revenue Cash $600m $120m $400m $90m $200m HY23 HY22 HY23 HY22 $60m 331.9 302.3 83.4 93.6 $0m $30m EBITDA Net Assets $40m $80m $60m $20m $40m HY23 HY22 HY23 HY22 $20m 59.0 56.5 20.6 24.3 $0m $0m PBT Total Dividends (Fully F
Slide 3: HY23 Results
HY23 Results For personal use only GR Engineering reported HY23 revenue of $331.9 million and EBITDA of $20.6 million. Project execution levels remained high during HY23, with several key project completions occurring in the period including the Thunderbox 6 Mtpa Expansion Project, Abra Base Met
Slide 4: Balance sheet
Balance sheet For personal use only Strong balance sheet maintained at 31 December 2022. Cash: $83.4 million (HY22: $93.6 million). Significant headroom on bank guarantee and bonding facilities. Interim dividend declared: 9.0 cents per share (fully franked) (HY22: 9.0 cents per share (fully
Slide 5: Mineral Processing
Mineral Processing For personal use only GR Engineering’s design and construction order book of current work includes: Company Project Type ($’m) Kimberley Mineral Sands JV Thunderbird Mineral EPC 179.5 Sands Project OZ Minerals Limited West Musgrave Project EPCM, Contract to EPC be finalised Gold
Slide 6: Oil, Gas, Energy & Water - Upstream PS
Oil, Gas, Energy & Water - Upstream PS For personal use only GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue alongside project based design and construction work. During HY23, revenue contributions were primarily from: - We
Slide 7: Process Controls Systems - Mipac
Process Controls Systems - Mipac For personal use only Mipac is a leading global provider of controls systems, operational technology and engineering services primarily in the mineral processing, energy and water industries. During HY23, Mipac continued to deliver solutions for key repeat client
Slide 8: ESG
ESG For personal use only At GR Engineering we: - Support our communities, including: - Promote and encourage diversity in our workforce and operations. We recognise that a diverse workforce is a contributor to the business achieving its strategic objectives. - GR Engineering regularly partners wi
Slide 9: Outlook
Outlook For personal use only GR Engineering continues to build its contracted and near term prospective pipeline of work across a diverse commodity base. GR Engineering maintains its revenue guidance forecast of $500 million to $530 million. The EBITDA margin % is expected to return to historic
Slide 10: Selected Clients
Selected Clients For personal use only GR Engineering Upstream Production Solutions Mipac GR Engineering Services (ASX:GNG) 10
Slide 11: Corporate Profile
Corporate Profile For personal use only Capital Structure Share Price History Shares on issue m 161.6 3.00 2,500,000 Share price (GNG.ASX) (21 Feb 2023) $ 2.24 2.50 2,000,000 Market Capitalisation $m 362.0 2.00 1,500,000 Cash (31 Dec 2022) $m 83.4 1.50 1,000,000 Debt (31 Dec 2022) (excluding lease l
Slide 12: Contact Details
Contact Details For personal use only Tony Patrizi GR Engineering 71 Daly Street Building 3, Level 3, Managing Director Ascot WA 6104 Kings Row Office Park PO Box 258 42 McDougall Street +61 8 6272 6000 Belmont WA 6984 Milton QLD 4064 +61 8 6272 6000 +61 7 3838 8000 tony.patrizi@gres.com.a
Slide 13: Disclaimer
Disclaimer For personal use only RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL This presentation may contain information that has been Nothing in this presentation should be construed as INFORMATION derived from publicly available sources that have not