Srg Global Limited · ASX:SRG
Srg Global — Shareholder Meeting (October 2023)
26 slides from Srg Global's shareholder meeting presentation, Oct 12, 2023
Slide 1: Managing Director Presentation
For personal use only MANAGING DIRECTOR PRESENTATION 1
Slide 2: Diversified industrial services company
For personal use only We are a diversified We bring an engineering The most sought-after industrial services mindset to deliver diversified industrial company critical services for services business major industry 2
Slide 3: Profile: Services Company
PROFILE SERVICES COMPANY 3,300 20+ OPERATING For personal use only SEGMENTS Asset Maintenance People Industries Mining Services Engineering & Construction 100+ 5 Sites Countries OWNERSHIP STRUCTURE 11% Management / Board $1b+ 350 53% Institutional Revenue Market Cap ($m) 3
Slide 4: Executive Result
EXECUTIVE For personal use only Record Financial Returns to Result Shareholders FY23 EBITDA* of $80.1m up 40% on FY22 EPS(A)* of 6.7cps up 34% on FY22 EBIT(A)* of $50m up 46% on FY22 Fully franked dividend of 4.0cps up 33% on FY22 Winning and FY24 Guidance Executing Reaffirmed Record Work in Hand of
Slide 5: Strong Track Record
STRONG TRACK RECORD OF EBITDA ($) EPS (A) 90 8.0 For personal use only 40% YOY 34% 80 7.0 YOY 70 22% 6.0 YOY 51% 60 cents per share YOY 61% 5.0 $ Millions YOY 50 4.0 109% 40 YOY 3.0 30 20 2.0 10 1.0 - 0.0 FY21 FY22 FY23 FY21 FY22 FY23 EBITDA % Margin Dividend 10.5% 4.5 33% YOY 4.0 10.0% 9.9% 3.5 50%
Slide 6: Most Sought-After Diversified Industrial Services Business
LING Ws MOST SOUGHT-AFTER DIVERSIFIED INDUSTRIAL SERVICES BUSINESS LEADERSHIP HORIZON v Zero Harm / ESG industry leader and recognised employer / partner of choice wv Domestic / International growth in Engineered Products across all SRG operating segments wv Selective strategic acquisitions to compl
Slide 7: Strategic Transformation
STRATEGIC TRANSFORMATION For personal use only Diversified Industrial Services Business Annuity / Recurring Earnings Profile Exposure to Diverse Sectors and Geographies Opportunity Pipeline of $6.5b Record Work in Hand Work in Hand (WIH) of $1.9b, 46% from FY22 7
Slide 8: Underpinned by a Responsible Approach
For personal use only UNDERPINNED BY A 8
Slide 9: Environment
ENVIRONMENT For personal use only Environmental Initiatives Local tree planting, new manufacturing facility powered by renewable energy, solar panels on temporary site offices and effective utilisation of SRG Global’s fleet via telematics Socially Responsible Procurement Alternative materials to red
Slide 10: Social
SOCIAL For personal use only Local and Indigenous Employment Bugarrba Joint Venture, SRG Global Reconciliation Action Plan (RAP), Traineeship Programs, NAIDOC initiatives, Clontarf Foundation Partnership and Shooting Stars female empowerment program Social Partnerships Supporting causes aligned to o
Slide 11: Governance
GOVERNANCE For personal use only Zero Harm Leadership Developing leaders in our organisation through initiatives including Leading@SRGGlobal, Workplace Psychosocial Front Line Management Training and continued focus on Critical Risk Activity Management Effective Risk Management Ongoing refinement of
Slide 12: Operating Segments
For personal use only SEGMENTS OPERATING 12
Slide 13: Geographic Footprint
GEOGRAPHIC FOOTPRINT For personal use only 13 13
Slide 14: Asset Maintenance
ASSET MAINTENANCE For personal use only WHAT WE DO CORE SERVICES Integrated multi-disciplinary maintenance, • Specialist Maintenance access solutions, asset repair and protection • Access Solutions services that sustain and extend critical • Asset Monitoring and Testing industries and infrastructure
Slide 15: Asset Maintenance highlights
ASSET MAINTENANCE Long-term contracts secured For personal use only Term contracts with Meridian Energy, Genesis Energy, Alcoa, Rio Tinto, FMG, Albemarle, Fremantle Ports & Transport VIC Geographic expansion Across Queensland, South Australia, New South Wales and New Zealand Bugarrba JV well establi
Slide 16: Mining Services
MINING SERVICES For personal use only WHAT WE DO CORE SERVICES The critical drill and blast, performance • Production Drill and Blast analytics software and ground stabilisation • Geotechnical Services services that keep mine production moving. EARNINGS Annuity / Recurring 16 16
Slide 17: Mining Services highlights
MINING SERVICES For personal use only Multiple Northern Star Contract wins Supporting Northern Star’s operations at the Kalgoorlie Super Pit, Thunderbox Carosue Dam, KCGM and Bronzewing gold operations Orbix data intelligence software Our in-house developed analytics software ‘Orbix’ continues to be
Slide 18: Engineering & Construction
ENGINEERING & CONSTRUCTION For personal use only WHAT WE DO CORE SERVICES Specialist engineering and construction of • Civil Infrastructure critical infrastructure focused on dams, • Specialist Building bridges, tanks, wind farms, engineered • Engineered Products facades and mine infrastructure acro
Slide 19: Engineering & Construction highlights
ENGINEERING & CONSTRUCTION Project wins in Civil Infrastructure For personal use only Contract awards through long standing relationships with blue-chip clients in the private and government sectors Market leader in Specialist Facades Strategy of winning work with repeat clients demonstrated through
Slide 20: Outlook
For personal use only OUTLOOK 20
Slide 21: Most Sought-After Diversified Industrial Services Business
LING Ws MOST SOUGHT-AFTER DIVERSIFIED INDUSTRIAL SERVICES BUSINESS LEADERSHIP HORIZON v Zero Harm / ESG industry leader and recognised employer / partner of choice wv Domestic / International growth in Engineered Products across all SRG operating segments wv Selective strategic acquisitions to compl
Slide 22: Outlook
OUTLOOK Operating segment performance… …driving positive momentum For personal use only Asset Maintenance Delivering step change growth in diverse sectors with blue-chip clients Reaffirmed FY24 guidance of ~20% EBITDA growth Mining Services Strength / diversity of business provides ongoing Operating
Slide 23: Investment
INVESTMENT For personal use only End-to-end Diverse Highly scalable asset lifecycle market sectors / business capability geographies model Annuity Capital light High yield earnings investment dividend profile profile stock 23
Slide 24: SRG Global
For personal use only SRG GLOBAL srgglobal.com.au 24
Slide 25: Appendix 1: EBITDA, EBIT(A), NPAT(A) reconciliation
FY22 FY23 For personal use only Profit before tax 27.0 35.9 Finance costs 2.6 4.3 Amortisation of acquired intangibles 3.6 3.3 Costs associated with exiting the PT businesses in Australia and the Middle East - 2.0 Acquisition and integration costs 1.0 4.5 EBIT (A)1 34.2 50.0 Depreciation 23.1 29.5 A
Slide 26: Disclaimer
DISCLAIMER This presentation has been prepared by SRG Global Limited (ABN 81 104 662 259) (SRG). By accessing this presentation you acknowledge that you have read and understood the following statement This presentation contains general summary information about SRG. The information, opinions or onc