Weststar Industrial Ltd. · ASX:WSI
Weststar Industrial — FY2022 Earnings Presentation
13 slides from Weststar Industrial's earnings presentation, Sep 15, 2022
Slide 1: FY22 Preliminary Results & Investor Presentation
For personal use only FY22 PRELIMINARY RESULTS & INVESTOR PRESENTATION September 2022 (ASX: WSI)
Slide 2: About Us
For personal use only An industrial services company operating in the energy, SIMPEC is a diversified services resources, utility and company specialising in construction infrastructure sectors, in and asset management services. metropolitan and remote areas, SIMPEC’s delivery capacity and across Au
Slide 3: Our People
Our People For personal use only OPERATING SEGMENTS o Engineering and Construction People Industries o Maintenance Services ~900 20+ o Fabrication Services Ownership Structure o ~52% Management/Board o ~70% Top 50 States Safety 3 Focused Strong Alignment to shareholders through ownership
Slide 4: Leadership
CHRIS MANEA For personal use only ROBERT SPADANUDA Project Managing Director / Chief Executive Officer Chief Financial Officer • As founding Group CEO of WestStar, he oversaw the • Holds a Bachelor of Business and is a CPA with 30 Leadership formation of the business and subsequent listing on the AS
Slide 5: Corporate Highlights
Corporate Highlights For personal use only o Preliminary Unaudited Revenue of $181.8 M (153% increase on FY22) Unaudited Share Price Shares o Preliminary Unaudited EBITDA $9.06M (5% Earnings EBITDA Generation) $0.18 on Issue per Share (as at 14 Sep 22) ~110M o FY 22 Contracted Revenue of $237M $0.04
Slide 6: FY22 Preliminary Final Report: Financial Highlights
FY22 Preliminary Final Report Financial Highlights Unaudited: For personal use only o Record Revenue of~$181.8M o $107.1M H2 FY22, 43% increase on H1 (H1 FY22: $74.7M) Revenue EBITDA o +150% increase on FY21 (FY21: ~$71.8M) $181.8M $9.06M o FY22 Revenue Contribution o SIMPEC: ~$130.7M o Alltype Engi
Slide 7: FY22 Preliminary Final Report (continued): Revenue Growth
FY22 Preliminary Final Report (continued) Revenue Growth - Growth Achieved through execution in Strategy: For personal use only IBO Award ~$145M $200 Placement 23c** o FY22 Awarded Contracts $237M $180 $160 o FY23 Contract Revenue $86M Existing Contracted Revenue FY22 = $58M $140 Contracted Revenue
Slide 8: Unaudited Consolidated Statement of Financial Position
FY22 Preliminary Final Report (continued) Unaudited Consolidated Statement of Financial Position: For personal use only As at 30 June 2022 FY22 ($M) Highlights: Cash and cash equivalents 20.3 Term Deposits - Bank Guarantees 4.5 o Cash at 30 June 2022 of $20.3 M Trade, other receivables & contract as
Slide 9: Current Key Contract Snapshot
Current Key Contract Snapshot Iron Bridge Magnetite Project ~A$145M For personal use only • A major SMP and E&I construction contract valued at ~A$145M for the construction of the wet process plant for Iron Bridge in the Pilbara region. • Represents the Group’s largest contract win to date. • SIMPEC
Slide 10: Outlook & Strategy
Outlook & Strategy Outlook Strategy For personal use only o Outstanding contracted revenue yet to be delivered of ~$86M. o Grow recurring revenue streams and earnings. o Imminent awards will increase revenue substantially. o Strengthen margins across the group through excellent operational execution
Slide 11: WestStar FY23 Investment Proposition
WestStar FY23 For personal use only Undervalued ‘Investment Proposition’ Compared to its peers Proven Financial Leadership Team Performance Strong Alignment to Shareholders, Strong Profitability and Capability in delivering +$100m contracts Directors and Management 52% Balance Sheet established owne
Slide 12: Disclaimer
Disclaimer For personal use only This presentation has been prepared by WestStar Industrial Limited (ASX:WSI) (WestStar or the Company) and is for information purposes only. The information contained in the presentation is summary only and should be read in conjunction with all other Announcements m
Slide 13: Contact Details
For personal use only Contact Details Robert Spadanuda WestStar MD & CEO robert@weststarindustrial.com.au +61 8 9410 5333 SIMPEC Alltype Engineering Level 3, 21 Kintail Road 52 Hope Valley Road Applecross WA 6153 Naval Base WA 6165