Slide 1: FY23 Results Presentation
For personal use only FY23 Results Presentation SSH Group Ltd | 30th August 2023
Slide 2: Introducing SSH Group
Introducing SSH Group Who we are What we do Our purpose For personal use only We are an industrial We build and acquire To improve outcomes company that owns a quality businesses that are for Australian projects portfolio of complimentary scalable and demonstrate and communities. service businesses.
Slide 3: SSH Group | Our Businesses
SSH Group | Our Businesses For personal use only Recruitment and Workforce Management Machinery Hire Fleet Hire Indigenous Partnership
Slide 4: Our Journey
Our Journey Feb 23 Four Hills Services New partnership to leverage strengths Indigenous Partnership Oct 22 For personal use only Bridge Resources rebrand Relaunch and improve efficiencies July 22 Tru Fleet launch Optimise market demand May 22 KMH acquisition Extend service offering Sep 21 ASX listin
Slide 5: Our Profile Today
Our Profile Today For personal use only FY23 Achievements Pilbara Western Australia 415+ workforce 260+ hire fleet 360+ clients Our Values Perth Integrity Care Excellence Service
Slide 6: FY23 Financial Performance
FY23 Financial Performance A pivotal year as the Group proactively broadened its service offerings and transitioned to higher margin markets Revenue Gross Margin % EBITDA $41.1m 26% $3.3m For personal use only -$55.0m vs $96.1m FY22 +14% vs 12% FY22 +$4.0m vs -$0.7m FY22 Operating Cashflow Cash on H
Slide 7: FY23 Financial Growth
FY23 Financial Growth Gross margin had growth of 118% on prior year and EBITDA improved by $4.0m, driven by transitioning into high margin markets. Revenue $ Gross Margin % EBITDA $ 100m 50% 4m For personal use only 75m 40% 3m 96.1m 30% 2m 50m $3.3m $96.1m 1m 20% 25m 26% 0m $41.1m 10% 12% -$0.7m 0m
Slide 8: Addressable Market
Addressable Market Recruitment & Safety & Security 2 Workforce Management $3.0b 1 $23.7b For personal use only 10.2% SSH Group’s Addressable Market Machinery Hire 3 $28.8b 82.3% 6.3% $1.8b 1.2% Fleet Vehicle Hire 4 $0.4b 1. Current services aligned with 69.6% of market. Australia Industry (ANZSIC) R
Slide 9: Our Strategy
Our Strategy Operational Focus Areas Leverage our Divisional Strengths • Maximise cross selling opportunities • Customers with long term recurring work • Increase customer retention and engagement • Limited exposure to Lump Sum contract risk • Industry experienced leadership driving growth • Pricing
Slide 10: Our Strategic Horizons
Our Strategic Horizons Horizon 2 (years 3-4) Horizon 1 (years 1-2) For personal use only FY23 • Geographical and service line expansion • Value accretive M&A opportunities • Target Group EBITDA Margin of 15% • Maximise cross selling opportunities • Strengthen balance sheet • Consolidate growth in gr
Slide 11: Investment Proposition
Investment Proposition 65.3m $9.1m 32% 71% Shares Market Cap Ownership by Top 20 shareholders (total shares on issue: 65,399,853) as at 29th August 2023 Board and Executive For personal use only Founder led Strong and growing Large addressable organisation sectors with committed markets capital and
Slide 12: Leadership Team
Leadership Team For personal use only Bruce Lane Daniel Cowley-Cooper Stefan Finney Matthew Thomson Non-Executive Chairman Managing Director and CEO Executive Director and COO Chief Financial Officer Previous leadership roles in several ASX Founder of Site Services Holdings Group, Part of the leader
Slide 13: Divisional Highlights | Recruitment & Workforce Management
Divisional Highlights | Recruitment & Workforce Management Core Services and Focus Markets • Resourcing • Workforce management • Recruitment • Construction, Resources, Security For personal use only FY23 in Review • Rebranded as Bridge Resources. • Restructured to incorporate SSH Group Safety. • Eng
Slide 14: Divisional Highlights | Machinery Hire
Divisional Highlights | Machinery Hire Core Services and Focus Markets • Earthmoving equipment and machinery hire • Construction in Infrastructure, Civil and Rail, and Resources FY23 in Review For personal use only • Successfully integrated KMH into the SSH Group. • Implemented asset data analysis a
Slide 15: Divisional Highlights | Fleet Hire
Divisional Highlights | Fleet Hire Core Services and Focus Markets • Site ready light vehicle and truck hire • Construction in Infrastructure, Civil and Rail, and Resources For personal use only FY23 in Review • Launched Tru Fleet as an internal SSH Group business startup. • Deployed fleet assets to
Slide 16: Divisional Highlights | Indigenous Partnership
Divisional Highlights | Indigenous Partnership FY23 in Review • Four Hills Services partnership established to fuse the strengths and expertise of both entities. • Achieved Supply Nation certification—an endorsement For personal use only of the Group’s dedication to collaborating with Indigenous bus
Slide 17: Disclaimer
Disclaimer FUTURE PERFORMANCE SUMMARY INFORMATION Past performance information in this presentation is for illustrative purposes only This presentation has been prepared by SSH Group Ltd to provide summary information and should not be relied upon as, and is not an indication of future performance.
Slide 18: Invested in the success of Australia
For personal use only Invested in the success of Australia. SSH Group Ltd – Corporate Office T: 1300 748 373 E: investors@sshgroup.com.au A: Level 2, 10 Ord St, West Perth WA 6005