Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (February 2022)
24 slides from Saunders International's investor presentation, Feb 24, 2022
Slide 1: Investor Presentation FY22 H1
INVESTOR PRESENTATION FY22 H1 Mark Benson Rudy Sheriff Managing Director & 24 FEBRUARY 2021 Chief Financial Officer Chief Executive Officer 1
Slide 2: Performance Highlights
PERFORMANCE HIGHLIGHTS $0.27 EARNINGS PER SHARE $46.4m $30.5m CASH ON HAND REVENUE $5.1m $0.01 FY22 H1 INTERIM DIVIDEND $223m EBITDA 11.1% ORDER BOOK EBITDA MARGIN $1,029m TENDER PIPELINE 2
Slide 3: Corporate Overview
CORPORATE SND Performance against ASX300 OVERVIEW +69% Capital Structure ASX Code SND Shares on issue 105,244,051 Share price as at 19 January 2022 $1.00 Market capitalization as at as 19 January 2022 $105.24m Net Cash as at 31 December 2021 $30.5 m Board and Company Secretary Substantial Shareholde
Slide 4: Operational Highlights: Safety
OPERATIONAL HIGHLIGHTS SAFETY • Our unwavering commitment to safety ensures Zero Harm remains our top priority. • Our plant, equipment and stores team celebrated 3 years without a safety incident. • Safety initiatives commenced as part of our “Raise the Bar” programme which will focus on improving o
Slide 5: Operational Highlights: ESG
OPERATIONAL HIGHLIGHTS ESG • Saunders will continue to expand our commitment to best practice ESG integration. • ESG considerations are now a focus on decisions made during our everyday business, from our tendering, procurement to community engagement and indigenous participation. 5
Slide 6: Our Business
OUR Papua New Guinea Offices BUSINESS Projects Darwin Woolner Saunders’ Head Office is based at Rhodes with an additional 6 offices around Australia and the Pacific Islands. Over the past 12 months we have completed projects across all states and territories and continue to tender works in the Pacif
Slide 7: Key Clients
KEY CLIENTS Photo: Saunders International CEO, Mark Benson & Chief Minister NT, Michael Gunner 7
Slide 8: Services
Oil & Gas Defence Infrastructure Energy Water Mining & Minerals SECTORS SERVICES Tank Construction Tank Maintenance Tank Design CONSTRUCTION ENGINEERING & MAINTENANCE Asset Services, Bridge Construction Mechanical & Piping Design Industrial Shutdowns DESIGN Electrical Instrumentation & Precast Fabri
Slide 9: Financial Performance
FINANCIAL PERFORMANCE Photo: Vopak D&C 3x new 35ML dual product storage tanks with geodesic dome 9 roof
Slide 10: Financial Highlights
FINANCIAL GROUP REVENUE (A$M) HIGHLIGHTS 60 53.35 50 46.39 40 28.09 29.64 30 20 10 0 Summary ($’m) FY22 H1 FY21 H1 Change Change % HY19 HY20 HY21 HY22 Revenue 46,399 53,349 (9,650) (18.09%) GROUP EBITDA (A$M) EBITDA 5,147 5,019 128 2.59% 6 5.02 5.15 5 EBITA % 11.09% 9.41% 1.61% 4 Depreciation & Amor
Slide 11: Financial Highlights: Cash Flow
FINANCIAL HIGHLIGHTS Group Cash Flow - Bridge (A$000s) Cash flow results ($’m) FY22 FY21 H1 H1 35,000.0 9,154 EBITDA (Group) 5,147 5,019 39 30,537 30,000.0 (1,095) Operations Cash flow before interest and tax 9,201 5,399 (1,377) (OCFBIT) 25,000.0 23,816 EBITDA/OCFBIT Conversion %* 179% 108% 20,000.0
Slide 12: Group Outlook
GROUP OUTLOOK Photo: John Holland Rail Replacement of timber over rail bridge, Range Rd Mittagong 12
Slide 13: Order Book & Pipeline
ORDER BOOK ORDER BOOK TENDERS & PIPELINE PREFERRED CONTRACTOR STATUS & PIPELINE $223m $1,029m $190m Dec 21 Dec 21 Dec 21 CIVIL SERVICES CONSTRUCTION SERVICES MAINTENANCE SERVICES ORDER BOOK LIVE TENDERS & PIPELINE $223m Live Tenders Pipeline $1,029m $803m $671m $110m $514m $510m $83m $415m $61m $300
Slide 14: Group Outlook
GROUP OUTLOOK • Focus on operational delivery of Project Caymus and securing further related work packages as part of the terminal construction. • Strategically placed to deliver further works in the ever-growing Defence sector. • Strong market position for the remaining projects in the Boosting Aus
Slide 15: Caymus Update
CAYMUS UPDATE • Saunders was awarded the contract for the design and construction of eleven jet fuel tanks for Crowley Solutions’ U.S. Defence fuels facility in Darwin. • In addition to the design and construction works, Saunders will provide the “EPCM” management services and construction expertise
Slide 16: Appendix
APPENDIX Photo: Sydney Water Liverpool Early stages foundation of 60ML Reservoir with Foundation & stair 16 tower
Slide 17: Profit & Loss
PROFIT 31 Dec 31 Dec & LOSS 2021 2020 Variance $’000 $’000 Continuing Operations Revenue 46,399 53,349 (6,950) Other income 836 617 219 Materials and third-party costs charged to projects (26,851) (33,424) (6,573) Employee benefits expense (13,870) (13,201) 669 Depreciation expense (1,084) (940) 144
Slide 18: Balance Sheet
BALANCE Dec-21 $’000 Jun-21 $’000 Dec-21 $’000 Jun-21 $’000 SHEET Assets Current liabilities Current Assets Trade and other payables 10,694 10,725 Cash and Cash equivalents 30,537 23,816 Contract liabilities 8,323 5,684 Trade and other receivables 5,114 10,258 Lease liabilities 728 704 Contract asse
Slide 19: Cashflow
CASHFLOW Dec-21 Dec-21 For the Half-Year ended $’000 $’000 Cash flows from operating activities Receipts from customers 55,324 59,776 Payment to suppliers and employees (46,123) (54,378) Interest received - 1 Interest and finance costs paid (47) (48) Income taxes refunded / (paid) - - Net cashflows
Slide 20: Highlighted Projects
HIGHLIGHTED PROJECTS Photo: Sydney Water Liverpool 60ML Reservoir with Foundation & stair 20 tower
Slide 21: Laing O'Rourke Australia, Larrakeyah NT
CONSTRUCTION LAING O’ROURKE AUSTRALIA, LARRAKEYAH NT Defence Fuel Infrastructure Marine (Tanks, SMP and E&I) for the Larrakeyah Defence Precinct Redevelopment Program (LDRRP) in Darwin Scope of works includes: • Construction of two 1.75ML diesel fuel tanks and two new 300kL quarantine tanks and foun
Slide 22: Quantem, Port Botany NSW
MAINTENANCE QUANTEM, PORT BOTANY NSW Supply and Installation of Aluminium Geodesic Dome Roof for Service Conversion of Tank 91 (ULP to AVGAS 100) and Tank 92 (ULP to Jet-A1) with associated Piping Works. Scope also includes: • Installation of floating suction and sample systems • Filter water separa
Slide 23: Industrial Automation: Lend Lease, Barangaroo Precinct
INDUSTRIAL AUTOMATION LEND LEASE, BARANGAROO PRECINCT Saunders PlantWeave was awarded the Lend Lease Building DCP MACS contract for the District Cooling Plant (DCP) expansion to the $2.2 billion Crown Resort tower and now Residential Towers 1 and 2, in the heart of Sydney’s CBD. The DCP is critical
Slide 24: SND Disclaimer
SND Disclaimer Important Information for Investors This presentation has been prepared by Saunders International Limited (“Saunders”) as a summary of the Company and its operations and for general information purposes only. This presentation is not and should not be considered as an offer or invitat
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