Gr Engineering Services Ltd · ASX:GNG
Gr Engineering Services — Shareholder Meeting (November 2022)
13 slides from Gr Engineering Services's shareholder meeting presentation, Nov 23, 2022
Slide 1: Annual General Meeting Presentation
Providing global mineral processing solutions ASX:GNG ASX:ABC GR Engineering Services Limited Annual General Meeting Presentation 23 November 2022
Slide 2: FY22 Results
FY22 Results GR Engineering reported record FY22 revenue of $651.7 million and EBITDA of $55.8 million, continuing the strong momentum generated from the prior year. During FY22, GR Engineering has safely and successfully progressed the work on multiple projects across a broad mix of commodities
Slide 3: FY22 Results Summary
FY22 Results Summary Earnings Balance Sheet & Cash Flow Revenue Cash $800m $120m $600m $90m $400m FY22 $60m FY22 $200m 651.7 FY21 102.0 FY21 $30m 392.4 69.0 $0m $0m EBITDA Net Operating Cash Flow $60m $80m $60m $40m FY22 1 $40m FY22 FY21 69.7 FY21 $20m 55.8 $20m 37.2 49.5 $0m $0m PBT Total Dividends
Slide 4: Balance sheet
Balance sheet Strong balance sheet maintained. At 30 June 2022, the cash balance was $102.0 million (30 June 2021: $69.0 million). Significant headroom on bank guarantee and bonding facilities. Total FY22 dividends of 19 cents per share (fully franked) (total FY21 dividends: 12 cents per sha
Slide 5: Mineral Processing
Mineral Processing GR Engineering’s design and construction order book of current work includes: Company Project Type ($’m) Kimberley Mineral Sands JV Thunderbird Mineral EPC 179.5 Sands Project OZ Minerals Limited West Musgrave Project EPC / Scope to be EPCM finalised Abra Mining Pty Ltd Abra Bas
Slide 6: Oil, Gas, Energy & Water - Upstream PS
Oil, Gas, Energy & Water - Upstream PS GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue alongside project based design and construction work. During FY22, revenue contributions were primarily from: - Wellsite and plant maint
Slide 7: Process Controls Systems - Mipac
Process Controls Systems - Mipac Mipac is a leading global provider of controls systems, operational technology and engineering services primarily in the mineral processing, energy and water industries. During FY22, Mipac celebrated its 25th year in operations whilst continuing to deliver soluti
Slide 8: ESG
ESG At GR Engineering we: - Support our communities, including: - Promote and encourage diversity in our workforce and operations. We recognise that a diverse workforce is a contributor to the business achieving its strategic objectives. - GR Engineering regularly partners with its clients on soci
Slide 9: Outlook
Outlook GR Engineering continues to build its contracted and near term prospective pipeline of work across a diverse commodity base and also increase its revenue and earnings visibility for FY23 and future years. The consolidated entity expects revenue for FY23 to be in the range of $500 million
Slide 10: Selected Clients
Selected Clients GR Engineering Upstream Production Solutions Mipac Aurenne Alt Resources GR Engineering Services (ASX:GNG) 10
Slide 11: Corporate Profile
Corporate Profile Capital Structure Share Price History Shares on issue m 161.6 3.00 2,500,000 Share price (GNG.ASX) (21 Nov 2022) $ 2.19 2.50 2,000,000 Market Capitalisation $m 353.8 2.00 1,500,000 Cash (30 Jun 2022) $m 102.0 1.50 Debt (30 Jun 2022) (excluding lease liabilities) $m 0 1,000,000 1.00
Slide 12: Contact Details
Contact Details Tony Patrizi GR Engineering 71 Daly Street Building 3, Level 3, Acting Managing Director Ascot WA 6104 Kings Row Office Park PO Box 258 42 McDougall Street +61 8 6272 6000 Belmont WA 6984 Milton QLD 4064 +61 8 6272 6000 +61 7 3838 8000 tony.patrizi@gres.com.au Upstream PS L
Slide 13: Disclaimer
Disclaimer RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL This presentation may contain information that has been Nothing in this presentation should be construed as INFORMATION derived from publicly available sources that have not either an offer to sel
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