Weststar Industrial Ltd. · ASX:WSI
Weststar Industrial — Investor Presentation (August 2018)
27 slides from Weststar Industrial's investor presentation, Aug 22, 2018
Slide 1: Well Positioned for Project & Growth Opportunities Across Key Industrial Markets
For personal use only Well Positioned for Project & Growth Opportunities Across Key Industrial Markets Investor Presentation August 2018 (ASX:WSI)
Slide 2: Investment Highlights: Why WestStar?
INVESTMENT HIGHLIGHTS: WHY WESTSTAR? For personal use only ✓ Right sectors: positioned to exploit any economic upturn in Western Australia ✓ Successfully added two new businesses over last 12 months which are generating growing revenue ✓ Significant track record of repeat work and new contracts with
Slide 3: WestStar Group Capabilities
WESTSTAR GROUP CAPABILITIES For personal use only • ASX-listed (ASX: WSI) industrial conglomerate specialising in construction (infrastructure, mining, oil & gas), concrete fabrication and property development • Unique multi-disciplinary contracting model, cross referring clients between business un
Slide 4: WestStar's 100% Owned Subsidiaries
WESTSTAR’S 3 100% OWNED SUBSIDIARIES For personal use only Emerging engineering, construction and mining Established pre-fabricated concrete construction New property development business leveraging services company with specialist experience in company with substantial operational office in WSI man
Slide 5: WestStar's Unique Business Model
WESTSTAR’S UNIQUE BUSINESS MODEL For personal use only Infrastructure, Mining, Oil & Gas - Concrete Fabrication – Property Development ✓ Diversified construction into complementary sectors ✓ Repeat business with major tier 1 companies ✓ Focus on niche market: minor capital works $500k to $20m ✓ Full
Slide 6: SIMPEC
S ww SIMPEC S ESTSTAR > INDUSTRIAL
Slide 7: Construction Contractor
CONSTRUCTION CONTRACTOR For personal use only Structural – Instrumentation – Mechanical – Piping – Electrical – Civil • Fully integrated solution with multi-disciplined experience from design, fabrication, site installation, commissioning and Asset Management Services • Providing skills to deliver I
Slide 8: SIMPEC Performance
SIMPEC PERFORMANCE For personal use only • Newly formed subsidiary commencing trading in August 2017 • Major contracts with tier 1 companies – BHP, Iluka Resources, MSP Engineering (Talison Mine) • Major contract extensions demonstrate o strong client relationships o significant value SIMPEC brings
Slide 9: Projects Examples - SIMPEC
PROJECTS EXAMPLES - SIMPEC For personal use only BHP Talison Lithium Iluka Resources South Flank Mine Tanks and cable pits Cataby Project • Project Value: ~$450,000 • 6 month project – (Commenced Feb 18) • Expert engineering services contract for ore handling plant • Project Value: ~$1.5 million • 1
Slide 10: For personal use only
For personal use only 10
Slide 11: Pre-Fabricated Concrete Construction
PRE-FABRICATED CONCRETE CONSTRUCTION For personal use only Unique Single Solution Provider • Supply and install model providing an all-encompassing product range - including feature architectural precast walls - to secure higher revenues on an individual project basis • This business model does not
Slide 12: Precast Australia Performance
PRECAST AUSTRALIA PERFORMANCE For personal use only • Completed works with: Salini, Jaxon, Cockram, Vaughans, Pindan, Multiplex • Significant tenders live and pending award for FY19 • Improving economic conditions in the Western Australia and quality of work supporting higher margins 12
Slide 13: Projects Examples - Precast Australia
PROJECTS EXAMPLES - PRECAST AUSTRALIA For personal use only Multiplex NRW Salini Impregilio Scentre Group Mandurah Forum Shopping Centre Perth Airport Link Westfield Carousel Shopping Centre • Project Value: ~$3.5m • Circa 1,500 wall panels supplied • Project Value: ~$1.5m • Circa 120 wall panels su
Slide 14: Distinct Developments
ISTINCT DEVELOPMENTS West Star % INDUSTRIAL 14
Slide 15: Property Development Business
PROPERTY DEVELOPMENT BUSINESS For personal use only • Property development business launched in May 2018 • WestStar’s response to reverse inquiry addressing a niche in small to mid-size commercial and mixed-use property projects • Leverages the expertise of SIMPEC and Precast Australia • Offering de
Slide 16: Cross Collaboration
CROSS COLLABORATION For personal use only Extracting further value from WestStar group contracts • Synergistic offering of precast concrete, structural steel works, E+I, Civil and project management • Demonstrated ability to extract further value with Precast contract with RHG Contractors resulting
Slide 17: Current Clients Portfolio
CURRENT CLIENTS PORTFOLIO For personal use only 17
Slide 18: Significant Achievements Over Last Months
SIGNIFICANT ACHIEVEMENTS OVER LAST 24 MONTHS For personal use only • March: New Board and Management Appointments • April: $3m contract win Mandurah Forum (Multiplex) • May: $1.5m placement 2017 • June: • July: $1m Forrestfield Airport Link contract award $1m Westfield Carousel (Scentre Group) contr
Slide 19: Investment Highlights: Why WestStar? Then and Now
INVESTMENT HIGHLIGHTS: WHY WESTSTAR? For personal use only ✓ March 2017 Poor performance: WSI performing poorly, with revenues of $3M, indebted and with THEN negative underlying results; Change required to build a successful business Management and Board restructure: strategic board and management a
Slide 20: WSI - Financial Metrics
WSI – FINANCIAL METRICS For personal use only WSI Group - Revenue Precast SIMPEC Distinct Developments $9.00 $9.1M $8.00 ~90% of FY18 $7.00 $3.4 $7.9M $1.3 Order Book $6.00 Millions $5.00 Secured in First $4.00 $4.6M $4.0 $5.7 2 Months of $3.00 $2.00 FY19 ACTUAL ACTUAL ACTUAL $2.6 $1.00 $- FY17 FY18
Slide 21: Investment Highlights: Why WestStar?
INVESTMENT HIGHLIGHTS: WHY WESTSTAR? For personal use only ✓ Right sectors: positioned to exploit any economic upturn in Western Australia ✓ Successfully added two new businesses over last 12 months which are generating growing revenue ✓ Significant track record of repeat work and new contracts with
Slide 22: Clear Growth Strategy
CLEAR GROWTH STRATEGY For personal use only Maintain & Develop Client Relationships Continually develop/maintain strong client relationships highlighted by repeat work Increase Project Scale Demonstrate quality capabilities to grow market traction and win new and larger contracts Service Offering Ex
Slide 23: Highly Experienced Management Team
HIGHLY EXPERIENCED MANAGEMENT TEAM For personal use only Robert Spadanuda Mark Dimasi David Dimasi Peter Horvath Mitesh Raghwani Group CEO WestStar Industrial Ltd Managing Director SIMPEC Director SIMPEC Commercial Manager Group Chief Financial Officer • Experienced Project • 25 years of contract an
Slide 24: WestStar Industrial - Company Snapshot
WESTSTAR INDUSTRIAL – COMPANY SNAPSHOT For personal use only WestStar Industrial ASX Code: WSI WestStar Industrial Board members Share Price (as at 1 August 2018) 1.7 cents • Chartered Accountant and a Member of the Institute of Company Directors Philip Re • 20 years’ corporate experience Non Exec.
Slide 25: Industry Snapshot
INDUSTRY SNAPSHOT For personal use only Experiencing Significant Growth Mining, Oil & Gas Industrial Sector Precast Concrete Industry • Total construction projects (building, civil engineering projects, • High growth expected over coming years due to large-scale mining, oil & gas) to grow 8.2% FY 20
Slide 26: Contact Details
CONTACT DETAILS For personal use only Directors: Office: Media/investor inquiries: Philip Re – Non-Executive Director Suite 1, 437 Roberts Road, Chapter One Advisors E: pre@regencypartners.com.au Subiaco, WA 6008 P: 0433 112 936 Bert Mondello – Non-Executive Director P: +618 9466 9018 E: dtasker@cha
Slide 27: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by WestStar Industrial Ltd (ACN 119 047 693) (the Company). This presentation is being provided to a limited number of investor for the sole purpose of providing preliminary background financial and other information to enable reci
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