Emeco Holdings Limited · ASX:EHL
Emeco — Euroz Hartleys Rottnest Island Institutional Conference 2025
21 slides from Emeco's conference presentation, Mar 11, 2025
Slide 1: Euroz Hartleys Rottnest Island Institutional Conference
Emeco Holdings Limited For personal use only Euroz Hartleys Rottnest Island Institutional Conference Presented by Ian Testrow – Managing Director & Chief Executive Officer 11 March 2025 1 EMECOGROUP.COM
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 not been independently verified
Slide 3: Our Business & Strategy
For personal use only OUR BUSINESS & STRATEGY EMECOGROUP.COM 3
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: Emeco Customer and Revenue Profile
EMECO CUSTOMER AND REVENUE PROFILE Emeco maintains strong relationships with its high-quality customer base, across a range of commodities and geographies Strong Customer Relationships Diversified Revenue Base with Strong Credit Profile For personal use only EBITDA Customer Commodity Length of % of
Slide 6: Emeco Flexible Equipment Fleet
EMECO FLEXIBLE EQUIPMENT FLEET Emeco’s fleet is flexible across a broad range of commodities and applications Surface Fleet Underground Fleet Type Count Type Count For personal use only Key brands in fleet Trucks 374 LHD Loaders 38 Dozers 163 Trucks 26 Jumbo Drills & Cable Loaders 67 16 Bolters Grad
Slide 7: Emeco's Strategy
EMECO’S STRATEGY Emeco’s strategic pillars ensure a sustainable and resilient business and the creation of long-term value for shareholders OBJECTIVE 1 EBIT EBITDA For personal use only Be Australia’s lowest 01 02 03 cost, highest quality, Maintain a balanced Exercise disciplined technology- driven
Slide 8: Return on Capital
RETURN ON CAPITAL Emeco’s ROC is consistently above WACC with key drivers in place to reach our 20% target COVID-19 & Ukraine Improved returns Return Key event conflict driving cost from PNP and Improvement For personal use only Credit event timeline 3-way merger $70m $80m $72m inflation, impacting
Slide 9: Targeting 20% ROC and Improved Cash Generation
TARGETING 20% ROC AND IMPROVED CASH GENERATION Good progress on our journey to deliver 20% ROC target Return on Capital1 drivers % For personal use only 20% Free Cash Flow $million (before growth capex)2 16% FY25 140 FY25/FY26 ~100 HY25 FY24 Growth Procurement Overhead R&M Labour Cost Equipment Flee
Slide 10: Business Highlights
For personal use only BUSINESS HIGHLIGHTS EMECOGROUP.COM 10
Slide 11: HY25 Business Highlights
HY25 BUSINESS HIGHLIGHTS Robust earnings growth, strong margin growth and cash generation - resilient business model For personal use only Operating NPAT1 Revenue2 Operating EBIT1 Operating EBIT Margin1 15% 11% 13% 360bps HY25 $38M HY25 $387M HY25 $68M HY25 18% HY24 $33M HY24 $348M HY24 $61M HY24 14
Slide 12: Performance History – Half on Half
PERFORMANCE HISTORY – HALF ON HALF 1H25 delivered improved returns and cash flow and stronger balance sheet Revenue ($m) 1 Operating EBITDA ($m) 2 Operating EBIT ($m) 2 Operating NPAT ($m) 2 For personal use only 383 387 64 65 68 39 355 348 143 146 61 35 38 309 137 137 33 115 40 20 1H23 2H23 1H24 2H
Slide 13: 2H25 Priorities and Outlook
For personal use only 2H25 PRIORITIES AND OUTLOOK EMECOGROUP.COM 13
Slide 14: Business Priorities
BUSINESS PRIORITIES Emeco’s priorities are focused on improving returns and free cash flow, utilising the existing asset base Production outlook and pipeline for 2H25 remains robust For personal use only Continued focus on disciplined capital expenditure and cost efficiencies to drive returns an
Slide 15: Emeco Investment Highlights
EMECO INVESTEMENT HIGHLIGHTS 1 2 3 For personal use only 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 custom
Slide 16: Appendix: Additional Information
For personal use only APPENDIX: ADDITIONAL INFORMATION EMECOGROUP.COM 16
Slide 17: Revenue Analysis
REVENUE ANALYSIS Revenue by commodity Revenue by geography Revenue by type Revenue by customer – Top 10 1H25 1H25 1H25 1H25 For personal use only Customer 1 WA Customer 2 Gold Rental Surface 15% Customer 3 5% 5% 22% 4% Customer 4 12% 22% 25% Met Coal QLD Customer 5 18% Iron Ore 15% Customer 6 3% Ren
Slide 18: Reconciliations: Statutory to Non-IFRS Disclosure
For personal use only RECONCILIATIONS STATUTORY TO NON-IFRS DISCLOSURE EMECOGROUP.COM 18
Slide 19: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE 1H24 1H25 Statutory to operating reconciliation Statutory to operating reconciliation OBJECTIVE 1 EBIT EBITDA For personal use only $m NPAT Revenue EBIT EBITDA $m Revenue NPAT EBIT EBITDA Statutory 19.4 41.0 133.3 Statutory 33.6 61.5 139.3 Tangible
Slide 20: Reconciliations – Statutory to Non-IFRS Disclosure
RECONCILIATIONS – STATUTORY TO NON-IFRS DISCLOSURE Cash flow reconciliation Net debt and leverage reconciliations $m HY24 HY25 30 June 31 December $m OBJECTIVE 1 2024 2024 EBITDA For personal use only Operating EBITDA Revenue 137.1 145.8 EBIT Revenue AMTN AUD secured notes 250.0 250.0 Working capita
Slide 21: Thank You
Thank You Investor enquiries: For personal use only Theresa Mlikota Chief Financial Officer Investor.relations@emecogroup.com emecogroup.com EMECOGROUP.COM
Emeco Holdings — Euroz Hartleys Rottnest Island Institutional Conference 2025 on 6ix