Nrw Holdings Limited · ASX:NWH
Nrw — Shareholder Meeting (November 2023)
22 slides from Nrw's shareholder meeting presentation, Nov 29, 2023
Slide 1: 2023 Annual General Meeting
29 NOVEMBER 2023 2023 ANNUAL GENERAL MEETING
Slide 2: FY23 Highlights - Updated
FY23 HIGHLIGHTS - UPDATED $2.7B $166.3M Revenue EBITA 120+ $227.6M Projects Cash Holdings $5.9B $2.9B Order Book Secured Work FY24 $3.0B Secured Work FY25 + Beyond 2
Slide 3: Our Growth Strategy
2023 OUR GROWTH STRATEGY OFI ACQUISITION OFI adds process controls, Long-term acquisition instrumentation design, switchboard/panel manufacture, strategy to diversify the NEW E&I CAPABILITY & MARKETS and electrical installation capability, together with an entry business model to create to Defence c
Slide 4: Diversified Business Model
DIVERSIFIED BUSINESS MODEL The strategy has successfully created a diversified end-to-end capability applicable to civil and public infrastructure and utilities. PROCESS & DESIGN MINE DEVELOPMENT DRILL & BLAST MINING CIVIL INFRASTRUCTURE MATERIAL HANDLING OEM PROCESS PLANT E&I AUTOMATION LOAD OUT IN
Slide 5: Delivering the Strategy Is Changing the Nature of the Business
DELIVERING THE STRATEGY IS CHANGING THE NATURE OF THE BUSINESS STATUTORY REVENUE BY SEGMENT $M (Excluding Corporate Eliminations) 3000 Mining: still the largest revenue contributor and will continue to be so 2500 for the medium term. 2000 Civil: is a key contributor and provides strategic diversific
Slide 6: The Nature of the Business Is Changing
THE NATURE OF THE BUSINESS IS CHANGING Capital intensity: ratio of tangible fixed assets to revenue • Capital intensity is reducing from 22% in FY19 to 18% in FY23 – NRW’s historical model of growing revenue by investing in mobile plant is changing. • MET is capital light as compared to the traditio
Slide 7: The Nature of the Business Is Changing
THE NATURE OF THE BUSINESS IS CHANGING Revenue and earnings per headcount relationship is changing • The direct relationship between growth in revenue and headcount is diminishing. • Revenue and earnings per headcount is increasing – meaning that headcount growth is not the sole enabler for revenue
Slide 8: Near Term Growth Opportunities - Iron Ore Capex
NEAR TERM GROWTH OPPORTUNITIES - IRON ORE CAPEX URBAN INFRASTRUCTURE IRON ORE – NON PILBARA • In FY21, over 20% of NRW’s revenue (approx. $500M) was derived from 4% Pilbara iron ore Civil and Mining projects. 10% 17% • In FY23 – a year of record revenue and earnings, only 9% of NRW’s revenue (approx
Slide 9: Near Term Growth Opportunities - Australian Lithium Capex
NEAR TERM GROWTH OPPORTUNITIES - AUSTRALIAN LITHIUM CAPEX • 10% of revenue in FY23 was derived from lithium projects (capex projects, mining, O&M and engineering). • FY24 capex forecast at $3.8B and in total $7.5B over the 3 years to FY27. NRW already has a well-established presence in this sector.
Slide 10: Medium Term Growth Opportunities - North American Lithium Capex & IP
MEDIUM TERM GROWTH OPPORTUNITIES - NORTH AMERICAN LITHIUM CAPEX & IP • Global reputation for process design and construction expertise. • HQ in Montreal and offices in Houston and Toronto. Global James Bay Area, QC workflow model delivers world leading expertise through a Nemaska Lithium Concentrato
Slide 11: Environment Social & Governance
ENVIRONMENT SOCIAL & GOVERNANCE 11
Slide 12: Sustainability
SUSTAINABILITY HEALTH AND SAFETY • Remains our top priority. • Strengthened Critical Risk Management focus. • Implemented a Group wide integrated Health, Safety and Environment management system. CLIMATE CHANGE • Carbon reduction commitment set of a 25% reduction in Scope 1 and Scope 2 greenhouse ga
Slide 13: Business Segment Performance & Outlook
BUSINESS SEGMENT PERFORMANCE & OUTLOOK 13
Slide 14: Civil
WW sped ueyy “pund i lewis YH ca Py
Slide 15: Civil
CIVIL RESULTS CIVIL PROJECTS • Revenue increased by 13.9% to $550.3M. • EBIT $20.7M, margin of 3.8%. OUTLOOK • Improving near-term view as number of projects coming to market is growing and available capacity is diminishing across resources and public infrastructure sectors: o Iron ore replacement a
Slide 16: Mining
MINING 16
Slide 17: Mining
MINING RESULTS MINING PROJECTS • Revenue increased to $1,441.0M from $1,273.2M in FY22. • EBIT increased to $134.1M compared to $106.6M with FERTILISERS Phosphate Hill Fertili sers margin growth from 8.4% to 9.3%. GOLD Dalgaranga Gold OUTLOOK Bellevue Gold IRON ORE Atlas Mt Webber • FY24 revenue ful
Slide 18: Minerals, Energy & Technologies
MINERALS, ENERGY & TECHNOLOGIES 18
Slide 19: MET
MET RESULTS MET PROJECTS (Excluding studies) • Revenue increased to $729.1M from $690.7M in FY22. BASE METALS KCGM Growth project enabling works Fimiston Stage 1 • EBIT $30.5M, margin of 4.2%. Fimiston Stage 2 Base Metals DHHI Atlas Iron Stockyard APF & BFD RTIO Western Range APF FMG Christmas Creek
Slide 20: Summary
SUMMARY 20
Slide 21: Outlook & Guidance
OUTLOOK & GUIDANCE OUTLOOK UPDATED GUIDANCE • Near-term tender pipeline capable of being awarded in next 12 • FY24 full year revenue will exceed $2.9B. months is $17.1B at June 23. • Earnings (EBITA) for FY24 are expected to be between • Group’s order book was $5.9B at August 23. $175.0M to $185.0M,
Slide 22: Disclaimer
DISCLAIMER SUMMARY INFORMATION This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of this Presentation. This Presentation is for general information purposes only and does not purport to be complete. The content should b