Duratec Limited · ASX:DUR
Duratec — Investor Day (December 2023)
38 slides from Duratec's investor day presentation, Dec 5, 2023
Slide 1: Investor Briefing
INVESTOR BRIEFING Sofitel Sydney Wentworth | 5 December 2023
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Duratec Limited (ACN 141 614 075) ("Duratec", "Duratec Group" and the "Company"). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment o
Slide 3: Overview of Proceedings
OVERVIEW OF PROCEEDINGS CHRIS OATES Managing Director Investor Briefing | 5 December 2023
Slide 4: Interactive Q&A Platform
Today, we will be using Slido to collect questions, which will be addressed during the Q&A and intermittently INTERACTIVE throughout the session Q&A You can now take out your phones, go to slido.com and type in the event PLATFORM code #Duratec0512 Q&A Please provide your company name when submitting
Slide 5: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY PETER COX DDR Aboriginal Engagement and Mentoring Manager Investor Briefing | 5 December 2023
Slide 6: Panellists & Speakers
PANELLISTS & SPEAKERS Introduction PANELLISTS CHRIS OATES LIAM HOLLOWAY TRISTAN REES ASHLEY MUIRHEAD Managing Director National Technical Manager National Defence Manager Chief Financial Officer MODERATOR PRESENTERS OLLIE MCKEON GREG OATES NIGEL KROONSTUIVER SHANE KATAUSKAS General Manager – Eastern
Slide 7: Business History
BUSINESS HISTORY Strong Historical Growth Investor Briefing | 5 December 2023
Slide 8: Dr Liam Holloway
DR LIAM HOLLOWAY National Technical Manager Investor Briefing | 5 December 2023
Slide 9: MEnD Consulting
MEND CONSULTING CREATING VALUE THROUGH • the early identification of opportunities, • delivering innovation, • demonstrating technical capability, • establishing lasting relationships, and • building trust. Investor Briefing | 5 December 2023
Slide 10: MEnD Consulting: Spatial and Digital Services
MEND CONSULTING SPATIAL AND DIGITAL SERVICES • MEnD currently deliver best in class reality modelling services for key government, marine, mining and industrial asset owners. • Our demonstrated experienced and trusted consultancy services means that major asset owners proactively seek our advice bef
Slide 11: MEnD Consulting: BHP Berth C and D Project
MEND CONSULTING BHP BERTH C AND D PROJECT THE FIRST OF MANY TO COME In 2020 the MEnD team delivered the first inspection AMPEAK 2023 - Asset Management Innovation Award and testing project of significant scale using the AnnoView ™ Digital Defect Management workflow. Investor Briefing | 5 December 20
Slide 12: MEnD Consulting: Laboratory Services to Increase Vision
MEND CONSULTING LABORATORY SERVICES TO INCREASE VISION • Specialised laboratory services for the testing, and forensic analysis of construction materials provides MEnD early visibility of opportunities for the parent company and provides them a PoD in tenders. • The in-house capability also offers u
Slide 13: MEnD Consulting: Maintaining Our Point of Difference
MEND CONSULTING MAINTAINING OUR POINT OF DIFFERENCE • Working with our research and development partners MEnD has a long history of identifying gaps in the market and adopting new technology early to accelerate our growth. • The opportunities to leverage computer vision, underwater reality modeling
Slide 14: Nigel Kroonstuiver
NIGEL KROONSTUIVER Mining & Industrial Manager - West Investor Briefing | 5 December 2023
Slide 15: Mining & Industrial and Energy
MINING & INDUSTRIAL AND ENERGY Mining and Industrial • Master service agreements continue to be the preferred mechanism for the major mining clients in Mining and Industrial space including Rio Tinto, BHP, Newmont, FMG and now Roy Hill. • Growing focus on our ability to help assess the condition of
Slide 16: Mining & Industrial and Energy
MINING & INDUSTRIAL AND ENERGY Mining and Industrial • The Goldfields division continues to be successful in the Master service agreements both shut and non shut down works. • Introduction of new alternative clients (i.e., lithium and rare earths) to the traditional gold and nickel mines has created
Slide 17: Mining and Industrial Highlights
MINING & INDUSTRIAL AND ENERGY Mining and Industrial Highlights FY23 HIGHLIGHTS • Introduction to BHP through the Berth C&D +$50M Project • Expansion of the Rio Tinto SI Program to Pilbara East (Tom Price) and Ports (East Intercourse Island) $30M combined • Extended the offering of services at Newmo
Slide 18: Mining & Industrial and Energy (WPF)
MINING & INDUSTRIAL AND ENERGY (WPF) Energy (WPF) • WPF brings strong in-house technical capabilities in fabrication and welding • Highly experienced with specialty metals and weld procedures means they are often the first point of contact for difficult and bespoke projects • Direct access to end us
Slide 19: Energy (WPF) Highlights
MINING & INDUSTRIAL AND ENERGY (WPF) Energy (WPF) Highlights FY23 HIGHLIGHTS • Successful acquisition and integration of WPF • Contractor of the Year - Santos’ 2023 Directors’ EHSS Awards for supporting WA offshore activities • Purchase Novarc Spool Welding Robot (increased quality control, safety,
Slide 20: Greg Oates
GREG OATES National Building & Facade Manager Investor Briefing | 5 December 2023
Slide 21: Building & Facade
BUILDING & FACADE Specialists in early contracting with key clients KEY HIGHLIGHTS • Substantial completion of our flagship project Central Park – due May 2024 (ECI converted to main works) • Our strategy is to remain discerning on opportunities and clients NOVEMBER HIGHLIGHTS • Project (sole select
Slide 22: Building & Facade: Key Differentiators
BUILDING & FACADE Key differentiators • Duratec has a team of in-house experts • Full-scale fire spread modelling is one of our early entry points to clients • End-to-end service: • Design-Draft-Procure-Install • This affords us full process control and delivers mutually beneficial outcomes • We can
Slide 23: Building & Facade: Future Focus
BUILDING & FACADE Future Focus • Future Opportunity – as Australia’s building infrastructure ages and poor-quality construction continues, we will be able to seize the opportunity on our terms • Core offices in all major commercial cities give us the footprint our competitors cannot match • When cli
Slide 24: Tristan Rees
TRISTAN REES National Defence Manager Investor Briefing | 5 December 2023
Slide 25: Defence Update
DEFENCE UPDATE National Client supported by Duratec’s National Delivery Model DEFENCE SERVICE OFFERING DEFENCE STRATEGIC REVIEW ALIGNMENT GROWTH STRATEGY Investor Briefing | 5 December 2023
Slide 26: Defence Service Offering
DEFENCE UPDATE National Client supported by Duratec’s National Delivery Model DEFENCE SERVICE OFFERING • Specialised personnel • Defence security accreditations • Tailored mature systems Investor Briefing | 5 December 2023
Slide 27: Defence Strategic Review Alignment
DEFENCE UPDATE National Client supported by Duratec’s National Delivery Model DEFENCE STRATEGIC REVIEW ALIGNMENT • Fuels and ammunitions • Maritime • Northern focus Investor Briefing | 5 December 2023
Slide 28: Defence Growth Strategy
DEFENCE UPDATE National Client supported by Duratec’s National Delivery Model DEFENCE STRATEGIC REVIEW ALIGNMENT • Diversification • Expanding self-perform capabilities • Leveraging footprint • TAM in Defence sustainment FY24 spend is circa $17bn Investor Briefing | 5 December 2023
Slide 29: Shane Katauskas
SHANE KATAUSKAS DDR General Manager Investor Briefing | 5 December 2023
Slide 30: DDR Australia: Business Performance
DDR AUSTRALIA Business Performance • Challenging FY23 with reduction in Revenue to $32.3m. • Strong budget outlook for FY24, performance on track • Work on hand $43.5M, identified pipeline >$300M • Tendered works >$70M; increase to >$140M by Dec 2023 Investor Briefing | 5 December 2023
Slide 31: DDR Australia: Growth and Diversification
DDR AUSTRALIA Growth and Diversification • Well placed for Defence sector growth • Revenue sector diversification; key focus • Strong financial position • New capabilities to deliver growth/stability Investor Briefing | 5 December 2023
Slide 32: DDR Australia: Growth and Diversification
DDR AUSTRALIA Growth and Diversification • Profile and reputation – growing • Indigenous Procurement Policies and clients are maturing, increasing requirements • DDR positioned to deliver existing and new services • Employee numbers and capability growing • >25% Aboriginal staff maintained for the l
Slide 33: Chris Oates
CHRIS OATES Managing Director Investor Briefing | 5 December 2023
Slide 34: Outlook: Order Book and Pipeline
OUTLOOK Order Book and Pipeline Investor Briefing | 5 December 2023
Slide 35: Total Addressable Market (TAM) by Sector (Australia)
OUTLOOK Total Addressable Market (TAM) – By Sector (Australia) Note 1: Duratec achieved FY23 Defence sector revenue of $229m. Defence TAM sourced from Department of Defence sustainment spend detailed in the Department of Defence 2020 Strategic Update Note 2: Duratec achieved FY23 Mining & Industrial
Slide 36: Interactive Q&A Platform
Today, we will be using Slido to collect questions, which will be addressed during the Q&A and intermittently INTERACTIVE throughout the session Q&A You can now take out your phones, go to slido.com and type in the event PLATFORM code #Duratec0512 Q&A Please provide your company name when submitting
Slide 37: Questions & Answers
QUESTIONS & ANSWERS Access: slido.com Event code: #Duratec0512 PANELLISTS MODERATOR CHRIS OATES LIAM HOLLOWAY Managing Director National Technical Manager OLLIE MCKEON General Manager – Eastern States TRISTAN REES ASHLEY MUIRHEAD National Defence Manager Chief Financial Officer Investor Briefing | 5
Slide 38: Demonstration Hub & Networking Q&A
DEMONSTRATION HUB & NETWORKING Q&A Investor Briefing | 5 December 2023