Mader Group Ltd · ASX:MAD
Mader — 1H FY2021 Earnings Presentation
23 slides from Mader's earnings presentation, Feb 23, 2021
Slide 1: 1H FY2021 Financial Results
ro} "MADER 84H FY2021 Financial Results MADER GROUP LIMITED | 23 FEBRUARY 2021 For personal use only
Slide 2: Skilled tradespeople in 17 countries
For personal use only Skilled tradespeople ▪ ▪ ▪ 17 COUNTRIES
Slide 3: Award Recognition
AWARD RECOGNITION For personal use only ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ From TRIFR 1H FY2020 LTIFR From 1H FY2020
Slide 4: For personal use only
For personal use only ▪ Continued scaling of ancillary Cheaper than OEMs (Original services in Western Australia Equipment Manufacturers) ▪ Strategy to expand into Northern with a dedicated focus on QLD and Central West NSW with mobile plant electrical operations headed from a central maintenance an
Slide 5: Operational Review
For personal use only Operational Review JUSTIN NUICH | EXECUTIVE DIRECTOR & CEO
Slide 6: 1H FY2021 Highlights
Revenue by Region ($m’s) OPERATIONAL 1H FY2021 Highlights SITES SERVICED 350+ sites globally 9 CUSTOMERS $141.2 m wr 6.4% 200+ customers HOURS WORKED 1.5 million hours worked $16.3 m +1.9% ve7An +19.8m COUNTRIES Operating in 6 countries EXEC APPOINTMENTS $12.7 m -1.9% New CEO and CFO commenced. 1H F
Slide 7: Overview of Operations
Overview of Operations Rest of World $8.7 North 7% America Revenue 1H FY2020 Rest of World $2.1M 15% Revenue 1H FY2020 Iron Ore 46.3% Iron Ore 46.0%
Slide 8: For personal use only
▪ Q1 FY2021 revenue in Australia was up 5% vs PCP ▪ Labour mobility expected to improve as state border restrictions ease For personal use only ▪ Targeting a return to pre-COVID-19 margin levels in 2H2021 ▪ High levels of customer demand with estimated missed For 1H opportunities FY2021 ▪ From 1H FY
Slide 9: Financial Review
For personal use only Financial Review PAUL HEGARTY | CFO
Slide 10: Financial Performance
Financial Performance Group Revenue Growth fe) (Consolidated) 12% nie Nth. America Revenue re) Contribution 8 % Of Total Group Rest of World Revenue Revenue (PCP: 3.2%] 150% Dividend Per Share 1.5¢ Increase Cents per share fully franked interim divided Strong Revenue Growth 166%... Q2 Group EBITDA M
Slide 11: Financial Position
Financial Position Strong Balance Sheet $54m Noe Receivables to Monthly 2 Revenue e. 4 PCP: 2.4x Net Leverage Annualised AH FY2021 0 e 6x EBITDA Investment in Growth Invested in growth during . 4HFY2021 Simple Balance Sheet 6 3 O Service vehicles ~- located throughout ‘the world Net Debt Position $1
Slide 12: Cash Flow
Cash Flow Strong net cash flow from operations of $8.5m, an increase of 127%. OCFBIT of $12.7m improved by 51% on the PCP. Net investment in growth capital of $3.1m comprised additional plant and equipment (predominantly service vehicles) of $3.5m less minor asset disposals of $0.4m. Acquisition of
Slide 13: Outlook
For personal use only Outlook JUSTIN NUICH | EXECUTIVE DIRECTOR & CEO
Slide 14: For personal use only
• • • • For personal use only 400 935 930 350 925 300 920 250 915 910 200 905 150 900 $13.10 2018–19 2019–20 2020–21 f 2021–22 f 2018–19 2019–20 2020–21 f 2021–22 f $12.50 $12.10 $10.00 $9.70 $8.70 DOLLAR VALUE ‘BN $7.90 250 1 800 $7.40 $7.30 $7.00 200 1 500 1 200 150 900 100 600 50 300 0 0 2015 201
Slide 15: For personal use only
For personal use only ▪ ▪ ROM ROM ROM ROM ROM ROM ROM ROM ROM
Slide 16: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 17: Investment Case
Investment Case Market Cap Shares $174m 200m At market close 22 February 2021 on issue Share Price $0.87 At market close 22 February 2021 TRACK RECORD OF DELIVERY & SUCCESSFUL ROLL OUTS LARGE ADDRESSABLE MARKETS & SIGNIFICANT UPSIDE PROVEN DISRUPTIVE BUSINESS MODEL POSITIVE INDUSTRY TRENDS RELATIVEL
Slide 18: Appendices
For personal use only Appendices MADER GROUP LIMITED
Slide 19: Notes to financials
Notes to financials ‘000 1H FY2020 1H FY2021 Statutory net profit after tax 8,061 8,710 One-off offer costs" 856 - Impact of income tax (256) - Adjusted net profit after tax 8,661 8,710 Adjusted net profit margin 65% 6.2% Mader Group Limited results are reported under International Financial Reporti
Slide 20: Community initiatives
For personal use only Mader Group aim to empower communities, improve social dynamics and lessen inequality by sponsoring initiatives that support socio-economic development in remote areas and disadvantaged communities. We help fund a growing number of initiatives across the globe, with programs ex
Slide 21: For personal use only
For personal use only Over 45 years’ experience in the Founder of Mader Group. Over 20 years’ experience in the Former CEO and CFO of A venture capital investor in resources sector. Former MD of WesTrac, Director of Seven Trade qualified with 20 mining and oil and gas industries Mader Group. Member
Slide 22: Glossary
TRIFR LTIFR 1H FY2021 1H FY2020 PCP EBITDA EBIT NPAT Net Leverage OCFBIT Glossary Total recordable injury frequency rate per one million hours worked Lost time injury frequency rate per one million hours worked The period 1 July 2020 to 31 December 2020 The period 1 July 2019 to 31 December 2019 The
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Mader Group Limited (ACN 159 340 397) "Mader’, “Mader Group” and the Company’). The information contained in this presentation is for information purposes only, The information contained in this presentation is not investment or financial product adv