Saunders International Limited · ASX:SND
Saunders International — Investor Presentation (February 2025)
18 slides from Saunders International's investor presentation, Feb 27, 2025
Slide 1: H1 FY25 Investor Presentation
ASX: SND H1 FY25 INVESTOR PRESENTATION For the half year period ended 31 December 2024 27 February 2025
Slide 2: Introductions
Introductions Acknowledgement of Country Mark Benson We acknowledge the Managing Director & Traditional Owners and Chief Executive Officer Custodians of Country throughout Australia. We pay our respects to all First Nations peoples Angelo De Angelis and acknowledge Chief Operating Officer Elders pas
Slide 3: About Us
About Us Saunders is a KEY MARKETS CORE CAPABILITIES multidisciplinary Engineering, Construction and Industrial Asset DEFENCE & GOVERNMENT 01 Bulk Fluid Storage Services company. Proudly Australian-owned 02 Structural, Mechanical and Piping ENERGY and operated since 1951. 03 Industrial Automation an
Slide 4: Corporate Snapshot
Corporate Snapshot CAPITAL STRUCTURE ASX Code SND Ordinary shares on issue 9 January 2025* 121,776,105 Share price as of 21 February 2025 $1.055 Market capitalisation 10 February 2025 $128.0m SUBSTANTIAL SHAREHOLDERS (Last disclosed by substantial shareholders) Mr. Desmond Bryant 19.70% NAOS Asset M
Slide 5: Performance Highlights – H1 FY25
We have a record result for H1 FY2025. We also maintained a strong orderbook and pipeline. Performance Highlights – H1 FY25 Saunders has matured and positioned itself into a multidisciplined offering, as Revenue EBITDA EBITDA Margin set out in our strategy. $126.3m $9.9m 7.9% 21.0% (H1 FY24 $104.4m)
Slide 6: Corporate Highlights
Corporate Highlights PIPING SOLUTIONS RECONCILIATION DRIVING GROWTH IN NEW CHIEF INVESTING IN INTEGRATION UPDATE ACTION PLAN (RAP) WESTERN AUSTRALIA FINANCIAL OFFICER SAFETY CULTURE The integration of Piping Saunders finalised Saunders’ expansion Alex Dunne was Saunders continues Solutions is comple
Slide 7: Financial Highlights
KEY Financial Highlights Statutory financial results Statutory financial results adjusted for the impact of business acquisition-related expenses REVENUE EBITDA (A$M) 7.6% 21.0% (A$M) 17.7% 1.2% 250 216.1 140 126.3 25 12 200.9 21.3 9.8 9.9 120 104.4 10 200 20 18.1 100 8 150 130.0 80 15 101.2 6 100 6
Slide 8: Statutory Income Statement
Statutory Income Statement Statutory Income Statement A$000 H1 FY25 H1 FY24 % KEY INSIGHTS Revenue 126,310 104,427 21.0% Other Income 508 192 164.6% Revenue growth of 21.0% driven from the continuation of the core business and a strong Materials & third-party costs charged to projects (77,148) (59,4
Slide 9: Balance Sheet
Balance Sheet A$000 H1 FY25 FY24 KEY INSIGHTS A$000 H1 FY25 FY24 Current assets Current liabilities Cash and cash equivalents 19,327 19,807 Cash balance decreased by $0.5m due to Trade and other payables 26,026 28,194 Trade and other receivables 22,206 25,623 increases in working capital as a result
Slide 10: Cash flow
Cash flow A$’000 H1 FY25 H1 FY24 KEY INSIGHTS Operating Cash Outflows represent a combination of Cash flows from Operating activities 3,961 25,418 impacts including timing of cash in/outflows (including H1 FY24), debtors receipts and acquisition payments. Cash flows from Investing activities (2,022)
Slide 11: Projects Secured
Projects Secured Major (Announced) Other selected projects (secured in the period) Kalgoorlie Consolidated July 2024 October 2024 Gold Mines (KCGM), WA • Hilltops Council Burrangong Creek Bridge • Ampol Lytton T2095 Pipe Installation $31.5 million • ProKoppers Mayfield T172 Client: Northern Star Res
Slide 12: Projects – Major Ongoing
Projects – Major Ongoing Key project development Western Sydney International Airport Water sector contracts bp Kwinana Renewable Fuels, Perth, WA Fuel Farm & Hydrant Line, NSW $17.7 million $42.0 million $70.0 million • Bald Hill Tanks, Sunbury, VIC (Aqua Metro) Client: bp Client: Multiplex & Durat
Slide 13: Projects Completed
Projects Completed Selected projects completed in the period Boyne River Gas Pipeline Redbank Reservoir Client: APA Client: Western Region Delivery Team Market: Resources & Industrials Market: Water Location: Queensland Location: New South Wales Soldiers Beach Access Replacement Bayswater Power Stat
Slide 14: Pipeline Analysis
Pipeline Analysis PIPELINE BY STATUS ($ billion) PIPELINE BY MARKET PIPELINE BY REGION Balanced market focus delivering diversified National footprint making Saunders 2.5 risk, with consistent income over time the local partner across Australia 2.3 2.0 1% 2.0 5% 5% $524m $586m 2% 35% 1.6 1.5 1.3 1.0
Slide 15: Market Outlook
Market Outlook DEFENCE & WATER ENERGY RESOURCES & GOVERNMENT INDUSTRIALS OUTLOOK • Movement in the Defence Fuel • Growing emphasis on water • Continued focus on national fuel • Dynamic market rewarding Resilience Program (DFRP) security, as climate change security, including increased agility of mid
Slide 16: Outlook
Outlook To date we have seen some projects being delayed across H1 FY25 as we remain dependent on our clients’ timing for project awards. Tendering activity remains high and we are seeing encouraging signs of continued growth in our pipeline. Due to short term delays, along with the termination of t
Slide 17: Investment Highlights
Investment Highlights Strong track record of delivering profitable growth across the top line, EBITDA and NPAT; consistent dividend paying Portfolio blends traditional construction contracts with annuity-style earnings Strategically well-positioned with customers across Australia as a leading multid
Slide 18: About Saunders International Limited
About Saunders International Limited Saunders International Limited (ASX: SND) is a multidisciplinary Australian company that provides engineering, IMPORTANT INFORMATION FOR INVESTORS construction and industrial asset services across the complete This presentation has been prepared by Saunders Inter
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