Nrw Holdings Limited · ASX:NWH
Nrw — H1 FY2020 Earnings Presentation
24 slides from Nrw's earnings presentation, Feb 20, 2020
Slide 1: NRW Holdings Half Year Results
INSERT HEADING • Insert text here For personal use only NRW HOLDINGS HALF YEAR RESULTS 20 FEBRUARY 2020
Slide 2: Results Overview
INSERT HEADING RESULTS OVERVIEW • Insert text here Operations BGC Contracting Strategic Revenue(1) of $808.7M, an increase of Completed acquisition of BGC Secured $70M of new Civil contracts for For personal use only 55% compared to the prior comparative Contracting (renamed NRW BHP Mitsubishi
Slide 3: HSE & People
INSERT HSE & PEOPLE HEADING • Insert text here • The events of the last six months remind us of the importance Headcount of ensuring the safety and wellbeing of our people. Sadly, we Dec 19 reported on 28 January that one of our employees in the For personal use only recently acquired DIAB Engineeri
Slide 4: BGC Contracting Overview
INSERT HEADING • Insert text here For personal use only Mt Webber, WA Woodside Karratha, WA BGC CONTRACTING OVERVIEW Kemerton, WA NorthLink, WA 4
Slide 5: BGC Acquisition Overview
INSERT BGC ACQUISITION HEADING OVERVIEW • Insert text here Background Transaction BGC Contracting (renamed NRW Contracting) further For personal use only expands NRW’s position as a leading player in the provision • Net acquisition $270.1M funded through equity ($116.4M) and of services across the A
Slide 6: BGC Contracting – Business Overview
INSERT BGC CONTRACTING HEADING – BUSINESS OVERVIEW • Insert text here • BGC Contracting is a leading player in the provision of services across the Australian resources, energy and infrastructure sectors offering diversified and complimentary earnings. For personal use only BUSINESS UNIT OVERVIEW FY
Slide 7: Financial Overview
INSERT HEADING • Insert text here For personal use only Iron Baron, SA Pilgangoora Lithium, WA FINANCIAL OVERVIEW Belt Reelers Sovereign Pocket 3, QLD 7
Slide 8: Financials
INSERT HEADING FINANCIALS • Insert text here Results AASB16 • Revenue up 55% to $808.7M • Inclusion of lease liabilities for mobile equipment, offices & workshops • Increased Civil activity • Opening Balance sheet For personal use only • Higher volumes in Mining (additional fleet deployed) • Adds $1
Slide 9: Cashflow
INSERT HEADING CASHFLOW • Insert text here • Strong cash conversion – 91% of EBITDA – continued management of working capital • Contributed to continued growth in cash balances + BGC Contracting cash ($28.6M) on acquisition • Equity raise funded BGC Contracting acquisition; balance funded through as
Slide 10: NRW – Debt Profile
NRW – DEBT INSERT HEADING PROFILE • Insert text here • Corporate debt (“notes” and Golding acquisition) continues to be repaid • Debt increased due to • BGC Contracting debt assumed through the acquisition $182.3M (Dec 19) For personal use only • New equipment finance to support Capex circa $30M • N
Slide 11: Business Structure
INSERT HEADING BUSINESS STRUCTURE • Insert text here For personal use only CIVIL MINING DRILL & BLAST MINING TECHNOLOGIES NRW Civil NRW Mining Action Drill & Blast RCR Mining Technologies BGC Contracting BGC Contracting DIAB Engineering Golding Civil Golding Mining • Apron, belt & hybrid feeders Gol
Slide 12: Business Performance
INSERT HEADING • Insert text here For personal use only Boggabri, NSW Koodaideri Mine Pre-Strip, WA BUSINESS PERFORMANCE Apron Feeders DIAB Engineering 12
Slide 13: Civil
INSERT HEADING • Insert text here For personal use only W2B, NSW Eliwana, WA CIVIL BGCC NorthLink Stage 2, WA Koodaideri, WA 13
Slide 14: Civil
INSERT HEADING CIVIL • Insert text here Results Outlook FH FY20 FH FY19 Revenue 305.0 163.8 • Revenue growth is Iron Ore projects • Most of FY20 forecast now secured EBITDA (pre AASB16) 12.1 4.0% 12.8 7.6% For personal use only • South Flank • Further mine and infrastructure packages AASB16 Adj. 4.8
Slide 15: Mining
INSERT HEADING • Insert text here For personal use only Boggabri Coal, NSW Dalgaranga, WA MINING Ramone Open Pit Gold, WA Isaac Plains, QLD 15
Slide 16: Mining
MINING INSERT HEADING • Insert text here Results Outlook FH FY20 FH FY19 • Revenue increase • Most of FY20 forecast revenue Revenue 375.1 310.1 EBITDA (pre AASB16) 70.5 18.8% 59.8 19.3% For personal use only • Additional mining fleet deployed at now secured Curragh and Isaac Plains AASB16 Adj. 14.0
Slide 17: Drill & Blast
INSERT HEADING • Insert text here For personal use only Greenbushes, WA DRILL & BLAST Boggabri, NSW Issac Plains, QLD 17
Slide 18: Drill & Blast
INSERT&HEADING DRILL BLAST • Insert text here Results Outlook Revenue FH FY20 79.5 FH FY19 63.9 • Revenue increase - higher volumes on • Secured work for FY20 currently at EBITDA (pre AASB16) 9.3 11.7% 3.5 5.5% For personal use only $120M; achieving higher end of AASB16 Adj. - • Civil projects reven
Slide 19: Mining Technologies
INSERT HEADING • Insert text here For personal use only Plant Safety Cage DIAB Engineering MINING TECHNOLOGIES RCR Heat Treatment Apron Feeders 19
Slide 20: Mining Technologies
INSERT TECHNOLOGIES MINING HEADING • Insert text here Results Outlook FH FY20 FH FY19 Revenue 74.1 - • Revenue of $74.1M ahead of range • Mining Technologies includes RCRMT EBITDA (pre AASB16) 5.3 7.2% - For personal use only and DIAB Engineering • Administration delayed award of key AASB16 Adj. 2.1
Slide 21: Summary
INSERT HEADING • Insert text here For personal use only Dalgaranga, WA Iron Baron, SA SUMMARY Pilgangoora Lithium, WA Roy Hill, WA 21
Slide 22: Tender Pipeline & Outlook
INSERT HEADING TENDER PIPELINE & OUTLOOK • Insert text here MINING • Current Order book $3.8B CIVIL $5.2B • FY20 revenue guidance $2.0B – mostly secured For personal use only $3.3B • Strengthening Pipeline circa $10.0B(1) • The acquisition of BGC Contracting represents another significant milestone
Slide 23: Disclaimer
INSERT HEADING DISCLAIMER • Insert text here Summary information • This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of For personal use only this Presentation. • This Presentation is for general information purposes on
Slide 24: NRW.COM.AU
INSERT HEADING • Insert text here For personal use only NRW.COM.AU