Maas Group Holdings Ltd. · ASX:MGH
Maas — Investor Presentation (May 2022)
38 slides from Maas's investor presentation, May 23, 2022
Slide 1: Maas Group Holdings Limited – Investor Presentation May 2022
ASX Announcement 23 MAY 2022 MAAS GROUP HOLDINGS LIMITED – INVESTOR PRESENTATION MAY 2022 MAAS Group Holdings Limited (ASX:MGH) (“MAAS Group, MAAS or “MGH) is conducting an investor update in Dubbo, New South Wales today commencing at 9am. The Investor Presentation which will be presented during the
Slide 2: Investor Roadshow May 2022
INVESTOR ROADSHOW May 2022 MAAS
Slide 3: Disclaimer
DISCLAIMER Important information The purpose of this presentation is to provide general information about MAAS Group Holdings Ltd (Maas or the Company) and its subsidiaries and business. No offer of securities This presentation is for informational purposes only and does not constitute or form any p
Slide 4: Our Vision
OUR VISION Delivering market leading property, construction and infrastructure solutions. 3
Slide 5: Our Values
OUR VALUES Trust Teamwork Only earnt through action Focused on safety and solutions Commitment to customers Leadership Deliver on commitments The courage to strive for excellence Candour Ownership Empowered to get it done and be Transparent conversations to get it right accountable for the results 4
Slide 6: Delivering Market Leading Property, Construction and Infrastructure Solutions
DELIVERING MARKET LEADING PROPERTY, CONSTRUCTION AND INFRASTRUCTURE SOLUTIONS. Founded in 2002, Maas is a leading Australian construction materials, equipment and services provider with diversified exposures across property, civil, infrastructure and mining sectors. Maas holds a strong market positi
Slide 7: Our Geographic Footprint
Queensland ▪ Bedford Weir Quarry ▪ Black Hill Quarry OUR GEOGRAPHIC ▪ Castlecreek Quarry ▪ Chinchilla Quarry ▪ Gladstone Quarry ▪ Gracemere FOOTPRINT ▪ Fairview Quarry ▪ Luxor ▪ Moura Quarry ▪ Frankfield Quarry International ▪ Shoal Water Bay ▪ Vietnam ▪ Stanwell Quarry Maas continues to grow its ▪
Slide 8: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Maas Group Holdings has been successful in FY22 in talent acquisition to form an executive team and increase the leadership capability of the group across each of its strategic business units. CEO Wes Maas Executive Assistant Louise Sullivan BDM, Construction Corporate Fina
Slide 9: Key Messages
KEY MESSAGES Maas continues to deliver on its commitments whilst securing foundations and building momentum for multi-year growth. EBITDA Guidance CAGR Target High Accretive ▪ Reconfirming FY22 guidance of $115 - $125M 1 amid record rain events and Low Organic COVID-19 economic impacts ▪ Credit appr
Slide 10: 20 Years of Growth
20 YEARS OF GROWTH 20 years ago, it started with a bobcat and a truck underpinned with an attitude to commit and deliver. Maas is now an ASX listed market leading property, construction and infrastructure solutions focused team growing its base for long term success 2002 2004 2011 2016 2020 2022 • M
Slide 11: Competitive Advantage
COMPETITIVE ADVANTAGE The Maas model achieves pull through value and margin capture in the delivery of real estate assets and infrastructure solutions through vertical integration. Real Estate Planning & Civil Construction Property Property Electrical Materials ▪ Englobo Design Construction Develope
Slide 12: Key Drivers of Growth
KEY DRIVERS OF GROWTH Australian Major Infrastructure Rapid rise in regional Infrastructure Boom Projects 1 infrastructure investment ▪ Approx. 434 projects worth $218 billion will be ▪ $4.5 billion Snowy Hydro 2.0 ▪ Australia’s regions are powerhouses of both completed by 2025 traditional and emerg
Slide 13: Key Drivers of Growth
KEY DRIVERS OF GROWTH 5 Year + Demand for Infrastructure Renewable Energy Materials & Equipment1 Concentration 1 Zones (REZ) 2 ▪ 120% average growth in demand for ▪ NSW, QLD and Vic account for 87% of activity ▪ $66 billion will be invested in large-scale construction materials over the next 5 years
Slide 14: Key Drivers of Growth
KEY DRIVERS OF GROWTH Priority of Infrastructure Regional Real COVID-19 1 Investment 1 Estate 2 ▪ For the first time for Australia’s regions, ▪ Growing trend of regional migration for housing ▪ The COVID-19 pandemic has resulted in a Infrastructure Australia has developed and affordability, greater
Slide 15: Central Queensland Market Driver
CENTRAL QUEENSLAND MARKET DRIVER1 Central Queensland can support the development of new capability, to achieve the ADF’s strategic objectives in land, air and naval domains, as well as securing liquid fuel supply chains and developing sovereign industrial capabilities. An operational ADF presence wi
Slide 16: Managing Risks
MANAGING RISKS Interest Rates & Inflation1 Real Estate Asset Value 2 Demand for skilled Labour ▪ The Reserve Bank of Australia raised the cash ▪ As interest rates move higher and affordability ▪ The seasonally adjusted unemployment rate rate by 25 bps to 0.35% during its May 2022 pressure mount, the
Slide 17: Acquisition Pipeline
ACQUISITION PIPELINE Maas continues to target growth both organically and via acquisition. ▪ Completed acquisitions on track to contribute ~$25 proforma EBITDA in FY22, further enhancing our integrated business model ▪ Garde Services, exchanged on 19 May 2022 ▪ Specialist provider of installation an
Slide 18: Construction Materials
CONSTRUCTION MATERIALS REGIONAL QUARRIES REDIMIX CONCRETE GEO-TECH LOGISTICS
Slide 19: Business Unit Performance – Construction Materials
BUSINESS UNIT PERFORMANCE Construction Materials Bedford Weir Quarry Redimix Batching Facility, Dubbo Highlights – FY22: ▪ Construction Materials EBITDA on track for strong growth on prior year despite record rain events EBITDA Guidance High ▪ 31 strategically located quarries with 25 in operation a
Slide 20: Acquisition Highlights
ACQUISITION HIGHLIGHTS Construction Materials Earth Commodities Blackwater Quarries & Concrete ▪ Earth Commodities at Gladstone was acquired in March 2022 ▪ Blackwater Quarries and Concrete acquired April 2022 encompassing 4 quarries and 1 concrete plant ▪ Current production of 350-400ktpa ▪ Blackwa
Slide 21: Civil Construction & Hire
CIVIL CONSTRUCTION & HIRE CIVIL EQUIPMENT HIRE ELECTRICAL
Slide 22: Business Unit Performance – Civil Construction & Hire
BUSINESS UNIT PERFORMANCE Civil Construction & Hire Highlights – FY22: ▪ Outlook remains strong with significant pipeline of infrastructure and renewable energy projects continuing to come online over the next 3 - EBITDA Guidance 5 years High Low ▪ Maas capabilities continue to expand with targeted
Slide 23: Project Highlights – Civil Construction & Hire
PROJECT HIGHLIGHTS Civil Construction & Hire NSW Regional Rail Maintenance Hub – JLE Snowy Hydro 2.0 – Maas Civil, Plant Hire & JLE ▪ The Mindyarra Maintenance Centre is part of the NSW ▪ Snowy 2.0 is the next chapter in the Snowy Scheme’s Government’s $2.8 billion Regional Rail Project, which histo
Slide 24: Acquisition Highlight
ACQUISITION HIGHLIGHT Australia’s leading electrical transmission specialist and level one ASP accredited provider to the high voltage electrical industry. 23
Slide 25: Real Estate
REAL ESTATE RESIDENTIAL HOME BUILDING BUILD-TO-RENT LEASING DEVELOPMENT COMMERCIAL COMMERCIAL BUILDING MATERIALS DEVELOPMENTS CONSTRUCTION
Slide 26: Business Unit Performance – Real Estate Residential
BUSINESS UNIT PERFORMANCE Real Estate1 Residential - Highlights: Maas Display Village opened in October 2021 – Southlakes Estate, Dubbo ▪ Average regional land sale price up 25% from CY20 ▪ Vertically integrated construction capability has proven to deliver volume of residential lots at market veloc
Slide 27: Residential Key Initiatives for FY23
BUSINESS UNIT PERFORMANCE Real Estate Residential - Key initiatives for FY23 Forecast Residential Lots Settled ▪ FY23 forecast includes 360-400 lot settlements1 and 280 house 500 starts 450 ▪ Diversity in lot sizes and use to be released to meet the market 400 for affordability and lifestyle 350 ▪ N
Slide 28: Business Unit Performance – Real Estate Commercial
BUSINESS UNIT PERFORMANCE Real Estate – Commercial Highlights – FY22: ▪ Acquisition of Spacey adds storage assets and development pipeline. 528 units under operations. Price increases have been implemented across the board and targeted expansion into Goulburn and new sites at Port Stephens, Kempsey,
Slide 29: Project Highlights – Real Estate Residential
PROJECT HIGHLIGHTS Real Estate – Residential Southlakes Estate, Dubbo Ellida Estate, Rockhampton ▪ $1.1B+ GDV1 residential housing estate and neighborhood commercial ▪ $1B+ GDV1 proposed master planned community of approximately precinct in South Dubbo acquired in June 2014 279ha and 2,300+ allotmen
Slide 30: Project Highlights – Real Estate Commercial
PROJECT HIGHLIGHTS Real Estate – Commercial 103 Prince Street, Orange RAAF Base, Dubbo Tomago Industrial ▪ 65 residential apartments and 15 town houses ▪ Mixed-use site within sought after South Dubbo ▪ The property is being developed into an in the heart of the Orange CBD ▪ The site will add an add
Slide 31: Project Highlights – Western Sydney Airport Hotel
PROJECT HIGHLIGHTS Real Estate – Commercial Marriott International has signed the first hotel to be part of the Western Sydney International Airport Aerotropolis through an agreement with 1990 Developments Pty Ltd. Maas holds 45.7% of shares in 1990 Developments Pty Ltd in partnership with Gibb Grou
Slide 32: Manufacturing
MANUFACTURING JACON TOLL MANUFACTURING VMS
Slide 33: Business Unit Performance – Manufacturing
BUSINESS UNIT PERFORMANCE Manufacturing Highlights – FY22: ▪ Despite global impact of COVID the segment is on track to deliver positive EBITDA contribution ▪ Global capital for specialised equipment stalled as a result of available workforce impacted by COVID; pipeline health and conversion rates re
Slide 34: Project Highlights – Manufacturing
PROJECT HIGHLIGHTS Manufacturing Maxijet MKII Product Development Project (Shotcrete EV Project Case Study Solution) ▪ Build business case around market drivers for EV product solutions ▪ Obtain customer feedback through VOC questionnaire ▪ Developed project strategy and desired outcomes: ▪ Product
Slide 35: Balance Sheet Update
BALANCE SHEET UPDATE ▪ Credit approval received for Australian core debt facilities increase from $300m to $500m ▪ Liquidity to increase to circa $300m post financial close of facility increase1 ▪ Consent from Australian banking group to source $200m of commercial property funding on permitted proje
Slide 36: Growth Initiatives & Outlook
GROWTH INITIATIVES & OUTLOOK Construction Materials Civil Construction and Hire ▪ Continuous improvement in quarry ▪ Growth expected to be supported by production contract wins and increased demand from the Real Estate segment ▪ Leverage transport fleet to services hubs most effectively ▪ Increase p
Slide 37: Key Messages
KEY MESSAGES Maas continues to deliver on its commitments whilst securing foundations and building momentum for multi-year growth. EBITDA Guidance CAGR Target High Accretive ▪ Reconfirming FY22 guidance of $115 - $125M 1 amid record rain events and Low Organic COVID-19 economic impacts ▪ Credit appr
Slide 38: Q&A
Q&A
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