Slide 1: 1H FY24 Results Presentation
1H FY24 Results Presentation SSH Group Ltd | 29th February 2024
Slide 2: Introducing SSH Group
Introducing SSH Group Who we are What we do Our purpose We are an industrial We build and acquire To improve outcomes company that has a quality businesses that are for Australian projects portfolio of essential scalable and demonstrate and communities. service businesses, a strong potential for hig
Slide 3: Our Profile Today
Our Profile Today People Services 250+ workforce 300+ hire fleet 3 depots Equipment Investment Partnership Integrity Care Excellence Service
Slide 4: Operational Update
Operational Update HSEQ • One lost time injury. • Significant HSE improvement and working towards best practice. • Psychosocial Risk Assessment conducted. Operations • Asset utilisation is high with a strong pipeline of works ahead. • Equipment Verticle delivers increased revenue. • People Services
Slide 5: 1H FY24 Financial Performance
1H FY24 Financial Performance Improved utilisation drives higher margins across the half year. Revenue Gross Margin % EBITDA $18.3m -$4.4m vs $22.7m PCP 40% +70% vs 23% PCP $3.1m +$2.3m vs $0.8m PCP Profit Before Tax % Increase on PCP Cash on Hand 101% vs -$1.3m PCP $1.9m at 31 December 2023 • Signi
Slide 6: Margin Increase
Margin Increase Ongoing margin improvement throughout the business EBITDA ($m) EBITDA EBITDA EBITDA / Revenue / Revenue % (%) $3.5m 18% 17% $3.2m $3.0m X Continued 16% X Higher margin 14% $2.6m momentum in 14% returns from $2.5m EBITDA growth. investment in 12% $2.0m service expansion 10% and equipm
Slide 7: Financial Position
Financial Position 84% of financial borrowing is equipment finance and asset-backed Equipment Asset Finance Breakdown Borrowing Profile (%) Equipment Asset Finance (%) Financial Borrowing (%) OEM 59% Finance 59% Big Four Banks Equipment Equipment Finance Financing 10% 84%Asset Financing X Asset back
Slide 8: Corporate Responsibility
Corporate Responsibility People & Diversity 1HFY24 Workforce 250+ Female Representation 36% Corporate & Management Indigenous Representation 9% Corporate & Management Governance Review & updates of Key Policies • Code of Conduct • Whistleblower policy • Diversity & Inclusion • Anti Bribery & Corrupt
Slide 9: Corporate Snapshot and Board Leadership
Corporate Snapshot And Board Leadership Bruce Lane Non - Executive Chairman BCom, MSc (LBS Sloan Fellow), GAICD 25+ years’ experience ASX Code SSH Bruce has held leadership roles with several ASX-lister companies and significant clue-chip companies in Europe and Australiasia. Share Price* $0.15 Dani
Slide 10: Multiple Growth Drivers
Multiple Growth Drivers within the Group. “ Well-positioned to leverage growth opportunitites within our markets. ” $28bn Industry Opportunity in Highly Fragmented Markets.
Slide 11: Our Strategy
Our Strategy Operational Focus Areas Leverage our Divisional Strengths • Maximise cross selling opportunities • Customers with long term recurring work • Increase customer retention and engagement • Limited exposure to lump sum contract risk • Industry experienced leadership driving growth • Pricing
Slide 12: People Services
People Services Services • Recruitment & Workforce Management • Security & Emergency Services Industries • Mining • Construction • Civil • Government Clients
Slide 13: Equipment
Equipment Services • Transport Fleet Hire • Truck & Machinery Hire • Transport & Logistic Services Industries • Mining • Construction • Civil Clients
Slide 14: Investment Partnership
Investment Partnership Services Four Hills Services • Security • People • Equipment Industries • Resources • Government A partnership aligned on values and structured for growth • 50% Indigenous Board • Managing Director of Indigenous descent • Supply Nation Certified
Slide 15: Disclaimer
Disclaimer FUTURE PERFORMANCE SUMMARY INFORMATION Past performance information in this presentation is for illustrative purposes only This presentation has been prepared by SSH Group Ltd to provide summary information and should not be relied upon as, and is not an indication of future performance.
Slide 16: Invested in the success of Australia.
Invested in the success of Australia. SSH Group Ltd T: (08) 9463 2463 E: investors@sshgroup.com.au P: PO Box 189 Welshpool DC 6986