Nrw Holdings Limited · ASX:NWH
Nrw — H1 FY2023 Earnings Presentation
17 slides from Nrw's earnings presentation, February 2023
Slide 1: NRW Holdings Half-Year Results
NRW HOLDINGS HALF-YEAR RESULTS Gudai-Darri Solar Farm, Rio Tinto. Tanami, Newmont.
Slide 2: Half-Year Highlights
HALF-YEAR HIGHLIGHTS $1.3B $80.1M 120+ REVENUE EBITA PROJECTS $4.9B $154.8M 6,500+ STRONG ORDER CASH HOLDINGS WORKFORCE BOOK Karara Mining. 2
Slide 3: Financial Overview
FY23 HALF-YEAR RESULTS FINANCIAL OVERVIEW • Revenue $1.33 billion up 15% on pcp. • EBITA $80.1 million, 7.4% higher on pcp. • NPATN $50.4 million, up 3.9% on pcp. • Cash balance at 31 December $154.8 million - expected reduction from FY22: o Unwinding project advances. o Capital investment on new an
Slide 4: Earnings
EARNINGS FH FY23 FH FY22 Revenue Earnings Revenue Earnings $M $M $M $M Total revenue / EBITDA 1,333.8 138.3 1,160.0 133.6 Revenue from associates (0.9) (44.6) Depreciation and amortisation (58.2) (59.0) Operating EBIT / EBITA 80.1 74.6 Amortisation of acquisition intangibles (2.8) (5.1) Non-recurrin
Slide 5: Balance Sheet
BALANCE SHEET 31 Dec 22 30 Jun 22 $M $M Cash 154.8 219.3 Financial debt (279.0) (233.2) Lease debt (47.8) (52.8) Net Debt (172.0) (66.6) Property, plant and equipment 482.4 423.5 Right-of-use assets 41.1 44.5 Working capital 95.5 19.4 Investments 18.6 22.4 Tax liabilities (70.1) (54.2) Net Tangible
Slide 6: Cash Flow
CASH FLOW 6 months ended 6 months ended CONSOLIDATED STATEMENT OF CASH FLOWS ($M) ($M) 31 Dec 2022 31 Dec 2022 EBITDA 138.3 CASH FLOWS FROM OPERATING ACTIVITIES Other working capital movements (76.9) Receipts from customers 1,513.6 Non-recurring transactions (12.2) Payments to suppliers and employee
Slide 7: Segment Overview
SEGMENT OVERVIEW • National infrastructure • Bulk earthworks CIVIL pre-qualifications • Marine works REVENUE FH FY23 R5, B4, F150+ NRW Civil • Renewable energy projects $253M Golding Civil • Roads & bridges • Airstrips Golding Urban • Public / defence infrastructure • Commercial & residential 11% •
Slide 8: Civil
CIVIL • Revenue increased from key projects in Western Australia and Queensland - Bunbury Outer Ring Road, Intelligent Freeways, H2H, Olive Downs. FH FY23 FH FY22 • Profitability impacted by: Revenue ($M) 252.6 226.9 EBITA ($M) 8.8 9.9 o La Niña weather pattern; and Margin (%) 3.5% 4.4% o Delayed ne
Slide 9: Mining
MINING • Remaining Karara fleet and personnel now all fully mobilised and contract FH FY23 FH FY22 is in full swing executing to client expectations. $M % $M % • Robust market demand - seventh operating fleet at Curragh, additional Revenue 726.0 611.3 scope at Broadlea and Iron Knob (Middleback Rang
Slide 10: Mining
MINING • Awarded a five-year contract with Jellinbah Mining in Central Queensland for circa $230 million. • Margin expected to improve over time as contribution from new contracts grows. • Rigorous approach applied to evaluating new tenders to ensure appropriate return on capital. MINING PROJECTS At
Slide 11: Minerals, Energy & Technologies
MINERALS, ENERGY & TECHNOLOGIES • Primero nearing completion of Covalent and Strandline - two largest EPC contracts. Strong pipeline of material FH FY23 FH FY22 tenders expected to be awarded during the remainder of FY23. Revenue ($M) 378.3 359.2 • Primero remains a global leader in the Lithium proc
Slide 12: Outlook & Guidance
OUTLOOK & GUIDANCE OUTLOOK(1) PIPELINE • Total group pipeline is $19.3 billion and continues strong trend previously reported. • Current submitted tenders $4.1 billion. • Medium-term outlook remains very positive, subject to future impact of MINERALS, ENERGY macroeconomic factors on timing of new pr
Slide 13: Appendix
APPENDIX Greenbushes, Talison Lithium 13
Slide 14: Queensland Weather Impacts
QUEENSLAND WEATHER IMPACTS • Abnormally high rainfall due to La Niña weather patterns have impacted Queensland operations. • Central Coast Region coal projects experienced 77% higher than average rainfall. • Risk of prolonged heavy rainfall continuing into 2H FY23. • South East Region urban projects
Slide 15: Sustainability
SUSTAINABILITY We believe in applying and supporting sustainable business practices and solutions that create real and lasting benefits for our stakeholders and society. OUR APPROACH Embedded in our businesses and delivery model are the following principles: • Proactive commitment to doing the right
Slide 16: Sustainability – Current Initiatives Across the Business
SUSTAINABILITY – CURRENT INITIATIVES ACROSS THE BUSINESS ENVIRONMENT SOCIAL • Focus on reducing our Group's carbon footprint through: • Rollout of standardised HSE information system to enable • Solar at facilities and workshops. better understanding of performance • EVs as part of our light vehicle
Slide 17: 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