Slide 1: HY2023 Results Presentation
HY2023 Results Presentation For the 6 months ended 31 Dec 2022 Image: Warradarge Wind Farm, WA
Slide 2: Our Company
Our Company Group Snapshot..............................................03 Financial Highlights……………………….04 Operational Highlights…………………...06 SHEQ & People.................................................07 Part 1: HY2023 Results Financial Overview.…..…………………….08 Historical Performance…………………..09 S
Slide 3: Group Snapshot
3 30.5% $225m Operating of Group revenue derived from East HY23 Segments Coast Operations Revenue Communications ~870 Group Snapshot Employees across Australia DEFENCE PRIVATE 3% Infrastructure 7% 3.2 COMMUNICATIONS 13% MINING TRIFR ~100 39% Industrial Services @ 31 Dec 2022 Apprentices, Trainees PO
Slide 4: Financial Highlights
Financial Highlights $225m Revenue of $225 million Up 4% on PCP, Down 4% on previous half $17.2m Normalised EBITDA of $17.2 million Down 10.8% on PCP, Up 8.6% on previous half $11.6m Normalised EBIT-A of $11.6 million Down 17.7% on PCP, Up 8.3% on previous half $6.4m Statutory NPAT of $6.4m Down 30%
Slide 5: Key Highlights
HIGHLIGHTS Key Highlights • FY2023 is a year of pursuing new opportunities coupled with an operational focus and integrating and building on recent acquisitions. • Genus is well positioned with the company foundations in place to enable significant participation in the renewable energy transition. •
Slide 6: Operational Highlights
Operational Highlights • Shortlisted to tender for delivery of $3.3 billion Transgrid’s HumeLink 500kV Transmission Project in NSW, as part of AKG JV • Strategically significant contract with Fortescue Future Industries for the design and construction of a 275kV substation at the Green Energy Manufa
Slide 7: SHEQ and People
SHEQ SHEQ DEC JUN DEC Target • GNP & all entities triple ISO Management System Certified (45001, 14001 & 9001) 2021 2022 2022 • Development of Genus Climate Strategy & GHG emissions framework. TRIFR 3.5 3.3 3.6 3.2 • LTIFR at 31 Dec 2022 was 0.00 • TRIFR at 31 Dec 2022 was 3.2 LTIFR 0.0 0.0 0.0 0.0
Slide 8: Part 1: HY2023 Results
Part 1 HY2023 Results Highlights | Financials 08
Slide 9: Historical Performance
FINANCIAL Historical Performance Revenue (A$ Millions) Normalised EBITDA & EBIT-A (A$ Millions) 500 40.0 450 35.0 451 400 35.1 30.0 32.4 350 25.0 300 318 25.0 24.7 250 20.0 19.6 200 225 15.0 17.2 14.4 150 10.0 12.8 170 11.6 100 9.3 5.0 99 50 0.0 0 FY19 FY20 FY21 FY22 HY23 FY19 FY20 FY21 FY22 HY23 No
Slide 10: HY2023 Financial Overview
FINANCIAL HY2023 Financial Overview Profit & Loss Statement (A$ • Half year revenue of $224 million millions) H1 2022 H2 2022 H1 2023 • Normalised EBITDA $17.2 million up 8.6% on previous half Revenue 216.6 234.3 224.5 • Normalised EBIT-A $11.6 million up 8.3% on previous half Normalised EBITDA 19.3
Slide 11: Segments: Infrastructure, Industrial Services, Communications
Infrastructure Industrial Services Communications Revenue HY23 Revenue HY23 Revenue HY23 $164m $43m $29m -6.5% on PCP 33.8% on PCP 24.4% on PCP Innovative & fully integrated Electrical & From constructing state-of-the-art networks, to Bringing together the industry-leading expertise and Instrumentat
Slide 12: Infrastructure
SEGMENTS Infrastructure Segment Profit & Loss • Half year revenue of $163.8 million down 6% on H1 FY22 H2 FY22 H1 FY23 Statement (A$ millions) previous half Revenue 175.2 174.1 163.8 • Normalised EBITDA $15.3 million up 6.4% on previous Normalised EBITDA 21.6 14.4 15.3 half Depreciation & amortisati
Slide 13: Industrial Services
SEGMENTS Industrial Services • Half year revenue of $43.4 million down 1% on Segment Profit & Loss H1 FY22 H2 FY22 H1 FY23 Statement (A$ millions) previous half Revenue 32.4 44.0 43.4 • Normalised EBITDA of $1.8 million steady on previous Normalised EBITDA (2.0) 1.8 1.8 half Depreciation & amortisat
Slide 14: Communications
SEGMENTS Communications Segment Profit & Loss H1 FY22 H2 FY22 H1 FY23 Statement (A$ millions) • Half year revenue of $28.8 million down 11.7% on Revenue 23.2 32.6 28.8 previous half Normalised EBITDA (2.0) (1.4) (0.8) • Normalised EBITDA loss of $0.8 million improved 41% Depreciation & amortisation
Slide 15: Financial Overview
FINANCIAL Financial Overview • Cash balance strong at $27.9 million with net cash of Balance sheet (A$ millions) Jun-22 Dec-22 $6.1 million (excluding right of use asset property Cash and cash equivalents 27.9 27.9 Lease liabilities (15.9) (17.6) lease liabilities of $3.7 million). Financial liabili
Slide 16: Cashflow
FINANCIAL Cashflow • Cash balance at 31 December 2022 of $27.9 million • Deferred Consideration of $5.2 million paid to PFA & • Cash Conversion of EBITDA to Cash provided by operating BT vendors activities of 97% (including normalisation costs) • Statutory cash inflow from operations of $14.4 millio
Slide 17: Part 2: Outlook & Growth Strategy
Part 2 Outlook & Growth Strategy Outlook | Growth Strategy 17
Slide 18: Orderbook & Pipeline
ORDERBOOK & PIPELINE Orderbook & Pipeline Orderbook & Pipeline (A$ millions) 1600 • Expected recurring revenue forecast to continue to 1,446 1400 grow to $168 million for FY24 up from $134 million in 1200 FY22 and forecast $156 million in FY23. FY25+ 675 1000 • Strong orderbook of $413 million compr
Slide 19: Growth Strategy & Market Drivers for Infrastructure & Industrial Services
MARKET DRIVERS Growth Strategy & Market Drivers for Infrastructure & Industrial Services • Continuing expansion into East Coast markets - • Leverage strong interconnector investment through leveraging strategic acquisitions in QLD, NSW & TAS Genus' increasing East Coast footprint & capabilities • Ca
Slide 20: Rewiring the Nation Plan
MARKET DRIVERS Rewiring the Nation Plan • The Federal Government $20 billion Rewiring the Nation Plan is designed to ensure the transmission infrastructure is funded & delivered • Over the coming decades Australia’s transmission backbone infrastructure needs to increase between ~10,000 – 28,000kms •
Slide 21: Supporting Australia's Rapid Energy Transformation
Supporting Australia’s Rapid Energy Transformation Through engagement in paradigm-shifting transmission projects Some key actionable transmission projects in the NEM’s Optimal Development Path* There are many more projects across the Nation in the outlook Status: Actionable Marinus Link Additional N
Slide 22: Infrastructure - Recurring Revenue Opportunities
Infrastructure - Recurring Revenue Opportunities Through strong relationships with our Utilities client base At Genus, we build client relationships for the long term - constructing and maintaining critical power infrastructure for tomorrow and beyond. indicates Forecast Capital Expenditure 2022/23
Slide 23: Strategy Update – Industrial Services
STRATEGY Strategy Update – Industrial Services • AEMO expects significant growth in installed capacity by 2050 as coal phase-out accelerates • To meet the electrification strategy the NEM needs to almost double its capacity to 320 TWh – with the required growth coming from intermittent generation –
Slide 24: Strategy Update – Communications
STRATEGY Strategy Update – Communications • Successful integration of Tandem into Genus’ existing Communications business • Right-sized the Business to capitalise on future opportunities • Telstra Copper Recovery & Recycling Project progressing successfully further developing this key client relatio
Slide 25: Corporate Overview
CORPORATE Corporate Overview Share Price Chart since ASX listing Share Price (21 February 2023) A$/sh $0.95 (from 14 December 2020 to 20 February 2023) Number of Shares M 177.7 Market Cap A$M $168.8 Cash A$M $27.9 Debt A$M $21.8 Shareholders HY2023 Results | Investor Presentation Board of Directors
Slide 26: Infrastructure Capabilities
From the generating source through to connection, we tick every box. CAPABILITIES Infrastructure Capabilities Generating Overhead Transmission Overhead Distribution Source Infrastructure Infrastructure HY2023 Results | Investor Presentation Power Station E&I/Construction Underground Underground Prim
Slide 27: Communications Capabilities
End-to-End Communications Capability CAPABILITIES Communications Capabilities Networks: Civil & Infrastructure Mobile & Wireless From Concept to Digital Solutions Construction Infrastructure Construction • Complete network designs • Direct ploughing & optic fibre • Field services covering site • Ded
Slide 28: Reconciliation of Non-IFRS Financial Information
Strategy Appendix Reconciliation of Non-IFRS Financial Information Notes: EBITDA/EBIT-A/NPAT-A are non-IFRS measures that are $ Millions H1 2022 H2 2022 H1 2023 unaudited but derived from auditor reviewed Half-Year Profit for the year (as reported) 9.2 4.4 6.4 Financial Statements. These measures ar
Slide 29: Important Notice
Strategy Important Notice Disclaimer This presentation has been prepared by GenusPlus Group Ltd (Genus or the Company). It contains general background information about the Company’s activities current as at the date of this presentation. It is information given in summary form and does not purport