Slide 1: Providing global mineral processing solutions
Providing global mineral processing solutions ASX:GNG ASX:ABC For personal use only GR Engineering Services Limited Investor Presentation 23 August 2023
Slide 2: FY23 Results Summary
FY23 Results Summary Earnings Balance Sheet & Cash Flow For personal use only Revenue Cash $800m $120m $600m $90m $400m FY23 FY22 $60m FY22 FY23 $200m 551.4 651.7 102.0 $30m 86.0 $0m $0m EBITDA Net Assets $60m $80m $60m $40m FY23 FY22 $40m FY23 FY22 $20m 44.4 55.8 $20m 59.7 62.2 $0m $0m PBT Total Di
Slide 3: FY23 Results
FY23 Results GR Engineering reported FY23 revenue of $551.4 million and EBITDA of $44.4 million. For personal use only FY23 revenue was higher than the revenue guidance of $500 million to $530 million provided at the Annual General Meeting on 23 November 2022. The EBITDA margin percentage impr
Slide 4: Balance sheet
Balance sheet For personal use only Strong balance sheet maintained at 30 June 2023. At 30 June 2023, GR Engineering held a cash balance of $86.0 million (30 June 2022: $102.0 million) with negligible external bank debt. During FY23, the business paid out $30.7 million in fully franked dividen
Slide 5: Mineral Processing
Mineral Processing GR Engineering’s design and construction order book of current work includes: For personal use only Company Project Type ($’m) BHP Group Limited West Musgrave Project EPCM, 312.0 EPC Kimberley Mineral Sands JV Thunderbird Mineral Sands EPC 179.5 Project Golden Spur Resources Pty
Slide 6: Energy - Upstream PS
Energy - Upstream PS For personal use only GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue alongside project based design and construction work. During FY23, revenue contributions were primarily from: - Wellsite and plant m
Slide 7: Process Controls Systems - Mipac
Process Controls Systems - Mipac For personal use only Mipac is a leading global provider of controls systems, operational technology and engineering services primarily in the mineral processing, energy and water industries. During FY23, Mipac continued to deliver solutions for key repeat client
Slide 8: Environmental Social Governance
Environmental Social Governance For personal use only 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 Engin
Slide 9: Outlook
Outlook For personal use only GR Engineering’s contracted and near term pipeline across the group is strong and is continuing to grow. GR Engineering is also currently working on a high volume of studies across a broad range of commodities and geographies. Based on the strong pipeline and the hi
Slide 10: Current Clients
Current Clients For personal use only GR Engineering Upstream Production Solutions Mipac GR Engineering Services (ASX:GNG) 10
Slide 11: Corporate Profile
Corporate Profile Capital Structure Share Price History For personal use only Shares on issue m 161.6 3.00 2,500,000 Share price (GNG.ASX) (18 Aug 2023) $ 2.24 2.50 2,000,000 Market Capitalisation $m 362.0 2.00 1,500,000 Cash (30 Jun 2023) $m 86.0 1.50 1,000,000 Debt (30 Jun 2023) (excluding lease l
Slide 12: Contact Details
Contact Details Tony Patrizi Key locations For personal use only Managing Director GR Engineering 71 Daly Street Building 3, Level 3, +61 8 6272 6000 Ascot WA 6104 Kings Row Office Park PO Box 258 42 McDougall Street tony.patrizi@gres.com.au Belmont WA 6984 Milton QLD 4064 +61 8 6272 6000
Slide 13: Disclaimer
Disclaimer RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL INFORMATION For personal use only This presentation may contain information that has been derived Nothing in this presentation should be construed as either an offer Throughout this presentation,