Emeco Holdings Limited · ASX:EHL
Emeco — ASX Small and Mid-Cap Conference 2024
17 slides from Emeco's conference presentation, Sep 25, 2024
Slide 1: Emeco Holdings Limited ASX Small and Mid-Cap Conference
For personal use only Emeco Holdings Limited ASX Small and Mid-Cap Conference 25 September 2024
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS Reliance on third party information The information and views expressed in this Presentation were prepared by Emeco Holdings Ltd (the Company) and may contain information that has been derived from publicly available sources that have For personal use only not been
Slide 3: Our Scale and Competitive Advantage
OUR SCALE AND COMPETITIVE ADVANTAGE Emeco is Australia’s largest provider of rental equipment and workshop and maintenance services to the mining industry. Our scale and national footprint provide us with a diverse portfolio of earnings. Our unique capabilities provide a distinct cost and quality ad
Slide 4: Our Scale and Competitive Advantage
OUR SCALE AND COMPETITIVE ADVANTAGE Our mid-life rebuild model and onsite service capability, combined with our asset management and condition monitoring technologies are our competitive advantage. Delivered through our national footprint of workshops and field service units, Emeco provides industry
Slide 5: Flexible Equipment Fleet
FLEXIBLED EQUIPMENT FLEET Emeco’s fleet is strategically configured to suit all Australian mining regions and commodities to meet the requirements of its customers and react to changes in market conditions and commodities demand For personal use only Open-cut fleet composition Underground fleet comp
Slide 6: Emeco's Strategy
EMECO’S STRATEGY Emeco’s three strategic pillars ensure a sustainable and resilient business and the creation of long-term value for shareholders For personal use only Be Australia’s Maintain a Exercise disciplined 01 02 03 lowest cost, highest quality, technology- balanced and capital driven mining
Slide 7: History of Growth and Solid Returns
HISTORY OF GROWTH AND SOLID RETURNS A successful track record of delivering solid growth in earnings and returns, with focus on free cashflow generation and ROC target of 20% For personal use only Key event Credit event impacting timeline 3-way merger $70m acquisition $80m acquisition $72m acquisiti
Slide 8: Targeting 20% ROC and Improved Cash Generation
TARGETING 20% ROC AND IMPROVED CASH GENERATION Business improvement initiatives targeting 20% ROC over next 2 years are underway. For personal use only Return on Capital1 drivers % Free Cash Flow $million (before growth capex)2 20% 140 15% FY25 improvement FY25/26 improvement 87 FY26 improvement FY2
Slide 9: FY24 Business Highlights
FY24 BUSINESS HIGHLIGHTS Significant growth in earnings, returns and cash flow generation For personal use only Operating NPAT Revenue 17% 6% 2024 $69M 2024 $823M 2023 $59M 2023 $875M Operating EBITDA Operating EBITDA Margin 12% 547bps 2024 $281M 2024 34% 2023 $250M 2023 29% Operating EBIT Operating
Slide 10: FY25 Priorities and Outlook
FY25 PRIORITIES AND OUTLOOK Demand outlook remains robust with FY25 earnings and return growth expected from improved cost and contract management and FY24 growth capex programme For personal use only Business Priorities Mine Production Outlook Core Business 1200 Demand outlook for FY25 remains po
Slide 11: Emeco Investment Highlights
EMECO INVESTMENT HIGHLIGHTS For personal use only 1 2 3 Australia’s largest mining Focused on delivering strong Scale and asset management equipment rental provider with returns and free cash flow expertise provide cost and national footprint generation quality advantage 4 5 6 Diversified by custome
Slide 12: Appendix: Additional Information
APPENDIX: ADDITIONAL INFORMATION For personal use only 12
Slide 13: Revenue Analysis
REVENUE ANALYSIS For personal use only Revenue by commodity Revenue by geography Revenue by type Revenue by customer – Top 10 Customer 1 FY24 FY24 FY24 FY24 Customer 2 Customer 3 8% 3% 13% Gold WA Customer 4 14% 20% Rental 26% Met Coal 32% 14% Customer 5 11% Iron Ore QLD Customer 6 Underground 8% Ni
Slide 14: Reconciliations: Statutory to Non-IFRS Disclosure
RECONCILIATIONS STATUTORY TO NON-IFRS DISCLOSURE For personal use only 14
Slide 15: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE For personal use only FY23 FY24 Statutory to operating reconciliation Statutory to operating reconciliation $m NPAT EBIT EBITDA $m NPAT EBIT EBITDA Statutory 41.3 79.1 225.9 Statutory 52.7 101.4 273.0 Tangible asset impairment 1.0 1.0 - Tangible ass
Slide 16: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE For personal use only Cash flow reconciliation Net debt and leverage reconciliation $m FY23 FY24 $m 30 June 2023 30 June 2024 Operating EBITDA 250.4 280.5 AUD secured notes 250.0 250.0 Working capital (18.2) (10.9) Revolving credit facility - 30.0 N
Slide 17: Thank You
For personal use only THANK YOU Investor enquiries: Theresa Mlikota Chief Financial Officer Investor.relations@emecogroup.com emecogroup.com
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