Maas Group Holdings Ltd. · ASX:MGH
Maas — Shareholder Meeting (October 2023)
16 slides from Maas's shareholder meeting presentation, Oct 27, 2023
Slide 1: FY23 Annual General Meeting
FY23 ANNUAL GENERAL MEETING ~1,800 41 17 ~550 ~8,000 ~$872m 3 team quarries 1 concrete assets residential commercial manufacturing members plants for hire lots2 property GDV3 plants 1 Includes both operational and non-operational quarry assets 2 Includes Land Lease Communities, total lot yield indic
Slide 2: Board of Directors
BOARD OF DIRECTORS Wes Maas Stephen Bizzell Tanya Gale Chief Executive Officer Independent Non- Executive Director (CEO) & Managing Executive Chairman Corporate Director Development David Keir Michael Medway Independent Non- Independent Non- Executive Director Executive Director *Stewart Butel – res
Slide 3: Executive Team
EXECUTIVE TEAM Craig Bellamy Andrew Letfallah Candice O’Neill Damien Porter Chief Financial Officer Chief Operating Officer Company Secretary & Director Business (CFO) (COO) General Counsel Development Christine Ashcroft Josh Large Megan Byrne Tim Smart Group Health & Safety Director Civil Manager C
Slide 4: Strongly Positioned to Deliver Attractive Returns Through the Cycle
STRONGLY POSITIONED TO DELIVER ATTRACTIVE RETURNS THROUGH THE CYCLE INVESTMENT FRAMEWORK Disciplined focus on return on capital employed (ROCE) ENABLED BY STRATEGIC FUNDAMENTALS Established and growing tangible Aligned founder-led team focused Proven track record of organic asset base of $1.25bn1 in
Slide 5: Values Driven
VALUES DRIVEN TRUST TEAMWORK only earned through action focused on safety and solutions COMMITMENT LEADERSHIP deliver on commitments to customers the courage to strive for excellence CANDOUR OWNERSHIP transparent conversations to get it right empowered to get it right and be accountable for the resu
Slide 6: Strategically Located
STRATEGICALLY LOCATED MAAS CONTINUES TO GROW ITS OPERATIONS AND ASSET PORTFOLIO FOCUSED ON THE EAST COAST OF AUSTRALIA. Key Maas Office / Hub Solar projects Quarry Battery storage projects Concrete Plant Wind projects Newell Highway Pumped hydro projects Inland Rail National Highway Major Railway Re
Slide 7: Strategy Update and Priorities
STRATEGY UPDATE AND PRIORITIES Return on capital discipline Prudently managing costs and continues to be at the centre of capex in residential to adjust all decision making. to near term realities. Execution of capital recycling Focused on operational excellence, opportunities ($70m proceeds in extr
Slide 8: Safety
SAFETY 3.7 45.5% DECREASE IN LTIFR LTIFR FROM FY22 BENCHMARK – FY23 • Our LTIFR trend continued to decrease in FY23 • We remain focused on creating a safety culture that empowers our people to look after one another and focus on safe behaviours and mindset through our safety slogan – Think Safe, Act
Slide 9: Sustainability
SUSTAINABILITY Maas is committed to, and maturing on its journey to reduce environmental and climate related impacts Initiatives Sustainable Asphalt Production • Carbonphalt Asphalt, is produced using Recovered Carbon Black extracted from recycled vehicle tyres. • The Austek asphalt plant also uses
Slide 10: People, Culture & Community
PEOPLE, CULTURE & COMMUNITY 31% 66 ~1,800 FEMALE REPRESENTATION APPRENTICESHIP TEAMMATES IN SENIOR TRADE POSITIONS EXECUTIVE Highlights • Ongoing commitment to ‘growing our own’ through supported external training and development opportunities as well as the MGH leadership development program • In F
Slide 11: FY23 Highlights
FY23 HIGHLIGHTS RECORD RESULT – STRONG GROWTH FROM EXISTING AND NEW BUSINESSES Proforma Revenue Proforma EBITDA Proforma EBIT Cashflow Conversion2 $801.0M $163.1M $120.0M 88% Increase of 49%, Increase of 30%, high end Increase of 27%, including Up from 56% (FY22) driven solid pipeline for FY24 and o
Slide 12: Maas Group Holdings
MAAS GROUP HOLDINGS (ASX: MGH) CONSTRUCTION CIVIL CONSTRUCTION MANUFACTURING RESIDENTIAL COMMERCIAL MATERIALS & HIRE & EQUIPMENT SALES REAL ESTATE REAL ESTATE • Quarries • Equipment Hire • Equipment sales • Residential • Commercial • Concrete • Civil Construction • Manufacturing developments develop
Slide 13: Guidance & Outlook
GUIDANCE & OUTLOOK GUIDANCE Guidance for FY24 is for Proforma EBITDA in the range of $190m - $210m. Factors considered include: • Continued strong demand across the Civil Construction & Hire and Construction Materials businesses underpinned by major infrastructure and renewable energy projects. • No
Slide 14: Growth Initiatives
GROWTH INITIATIVES CONSTRUCTION CIVIL CONSTRUCTION & RESIDENTIAL REAL COMMERCIAL REAL MANUFACTURING & MATERIALS HIRE ESTATE ESTATE EQUIPMENT SALES • Continue to consolidate and • Growth continues to be • Pipeline in excess of 8,000 lots • Recycling of capital , driven by • Increase Toll Manufacturin
Slide 15: Disclaimer
DISCLAIMER Important information The purpose of this presentation is to provide general information about MAAS Group Holdings Ltd (Maas or the Company) and its subsidiaries and business. The information in this presentation is current as at 27 October 2023. It is in summary form and is not necessari
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