Nrw Holdings Limited · ASX:NWH
Nrw — H1 FY2024 Earnings Presentation
12 slides from Nrw's earnings presentation, Feb 15, 2024
Slide 1: Half-Year Results 15 February 2024
HALF-YEAR RESULTS 15 FEBRUARY 2024 Gudai-Darri Solar Farm, Rio Tinto. Tanami, Newmont.
Slide 2: Half-Year Highlights
HALF-YEAR HIGHLIGHTS $1.4B $92.1M Revenue EBITA $5.5B 7,000 Strong Order Book Workforce $176.7M 120+ Cash Holdings Projects 2
Slide 3: Financial Overview
FY24 HALF-YEAR RESULTS FINANCIAL OVERVIEW • Revenue $1.43 billion, up 6.7% on pcp. • EBITDA $157.2 million, up 10.2% on pcp. • EBITA $92.1 million, up 9.1% on pcp. • NPATN $58.0 million, up 8.6% on pcp. • Normalised Earnings per share 12.8 cps, up 7.6% on pcp. • Cash holdings of $176.7 million. • St
Slide 4: Earnings and Balance Sheet
EARNINGS AND BALANCE SHEET • Revenue $1.4 billion, compared to $1.3 billion in pcp, a 6.7% • Headline cash balance at 31 December $176.7 million increase as new contracts progressed into delivery phase. - expected reduction from FY23: • EBITA $92.1 million, 9.1% higher on the pcp ($84.4 million). o
Slide 5: Cash Flow
CASH FLOW 6 Months Ended Consolidated Statement Of Cash Flows ($M) 31 Dec 23 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 1,595.2 • Cash holdings $176.7 million with cash conversion at 63.4%. Payments to suppliers and employees (1,528.8) • Capital expenditure totalled $90.4 million:
Slide 6: Segment Overview
SEGMENT OVERVIEW In FY24, NRW’s diversified business model will deliver revenue and earnings growth across all three segments. CIVIL $297.3M 18.1% PROCESS & DESIGN MINE DEVELOPMENT Revenue FH FY24 MINING DRILL & BLAST MINING $772.2M 6.4% Revenue FH FY24 CIVIL INFRASTRUCTURE MATERIAL HANDLING OEM PRO
Slide 7: Civil
CIVIL • Results driven by higher levels of activity and immaterial impact of weather conditions on key public infrastructure projects in Western Australia and Queensland (BORR, Mackay FH FY24 FH FY23 Ring Road, Toowoomba Flood Remediation, Mitchell Freeway). • Strong performance during the period ac
Slide 8: Mining
MINING • Strong revenue and EBIT growth due to high levels of activity and immaterial impact of weather conditions. FH FY24 FH FY23 • Revenue for FY24 is fully secured, with the majority of FY25 revenue under contract. Focus is on opportunities contributing to FY26 and beyond. $M % $M % • Positive o
Slide 9: Minerals, Energy & Technologies (MET)
MINERALS, ENERGY & TECHNOLOGIES (MET) • Profitability of the segment has grown to 5.5% from 4.2% at June 23. • With legacy projects completed in FY23, Primero performed strongly in FH FY24 exceeding FH FY24 FH FY23 FY23 planned returns, achieving an EBIT margin of 6.4%. Revenue • RCR's contribution
Slide 10: Environmental, Social & Governance Performance and Initiatives
ENVIRONMENTAL, SOCIAL & GOVERNANCE PERFORMANCE AND INITIATIVES ENVIRONMENTAL • A core focus on reducing our Group's carbon footprint through: o Progressing the installation of renewable energy at facilities and workshops in Osborne Park, Hazelmere and Bunbury. o Continued roll out of electric vehicl
Slide 11: Outlook & Guidance
OUTLOOK & GUIDANCE OUTLOOK(1) PIPELINE Remains strong as: MET • Total Group pipeline is $15.6 billion and continues strong trend previously reported. $2.4B • Current submitted tenders of $2.6 billion. • $4.0 billion of work secured for FY25 and beyond. GUIDANCE - RECONFIRMED $3.8B $15.6B $6.5B CIVIL
Slide 12: Disclaimer
DISCLAIMER SUMMARY INFORMATION • This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of this Presentation. • This Presentation is for general information purposes only and does not purport to be complete. The content shou