Maas Group Holdings Ltd. · ASX:MGH
Maas — Investor Presentation (May 2024)
14 slides from Maas's investor presentation, May 7, 2024
Slide 1: Maas Group Holdings – Investor Presentation May 2024
ASX Announcement 7 May 2024 MAAS GROUP HOLDINGS – INVESTOR PRESENTATION MAY 2024 Maas Group Holdings Limited (“MGH” or the “Company”) attaches an investor presentation to be given by Mr Wes Maas, CEO and Managing Director, today at the Macquarie Australia Conference in Sydney on 7 May 2024. This ann
Slide 2: Macquarie Investor Conference
MACQUARIE INVESTOR CONFERENCE ~1,900 44 21 ~550 ~8,000 ~$758m 3 team quarries1 concrete assets residential commercial manufacturing members plants2 for hire lots3 property GDV4 plants 1 Includes both operational and non-operational quarry assets as well as the 3 additional quarries purchased Februar
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Slide 4: Business Unit Overview
BUSINESS UNIT OVERVIEW INDUSTRIAL OPERATING SEGMENTS REAL ESTATE OPERATING SEGMENTS CONSTRUCTION CIVIL CONSTRUCTION MANUFACTURING RESIDENTIAL COMMERCIAL MATERIALS & HIRE & EQUIPMENT SALES REAL ESTATE REAL ESTATE • Quarries • Equipment Hire • Equipment sales & • Residential • Commercial • Concrete •
Slide 5: 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 $1.3bn1 in
Slide 6: Since listing
Since listing Proforma EBITDA CAGR 34%1 Avg Return on Capital: 15%2 2024 2023 Further expansion of Greater 2022 Ongoing growth Melbourne and expansion construction including strate materials 2020 Further gic acquisitions footprint expansion of of Schwarz through 3 hard construction Excavations, rock
Slide 7: Underlying EBITDA and NPAT growth, 1H20 to 1H24
Maas Group Holdings Construction Materials Civil Construction & Hire Maas Group Holdings Underlying EBITDA ($M) Underlying EBITDA ($M) Underlying EBITDA ($M) Underlying NPAT ($M) 36.4 38.8 38.5 97.1 30 66.1 24.7 25.3 17.5 40.1 16.3 15.7 16.6 11.4 14.3 30.2 30.4 9.9 9.5 6.7 1H20 1H21 1H22 1H23 1H24 1
Slide 8: Powerful Structural Growth Drivers
POWERFUL STRUCTURAL GROWTH DRIVERS $367bn 10 yr NSW Civil Sharp increase forecast in Renewable Latest forecasts indicate smoother shape of the rolling pipeline, Construction forecast - energy project construction with total cost of the five-year major public infrastructure pipeline Regional NSW larg
Slide 9: Maas Continues to Grow Its Operations and Asset Portfolio on the East Coast
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 Renewable Energy Zones 8
Slide 10: Acquisition of Economix further strengthens Greater Melbourne footprint
Bairnsdale Key Quarry Concrete Plant Newly Acquired Concrete Plant Acquisition of Economix further strengthens Greater Melbourne construction materials footprint In April 2024 MGH exchanged contracts for the acquisition of Economix (settlement expected end-May) • Well established pre-mixed concrete
Slide 11: FY24 Underlying EBITDA Guidance and Asset Recycling Update
FY24 UNDERLYING EBITDA GUIDANCE MGH reaffirms guidance for FY24 Underlying EBITDA to be in the range of $190m - $210m, with primary factors impacting the range being: • Weather conditions from now until year end • Residential settlements timing • Commercial development milestones and associated reva
Slide 12: Reaffirm FY24 guidance of underlying EBITDA range of $190m-$210m
• Reaffirm FY24 guidance of underlying EBITDA range of $190m-$210m representing 16% - 28% growth on pcp • Capital recycling program is on track to achieve $85m+ in cash proceeds and in excess of book values • Economix acquisition highlights focus on Construction Materials, further strengthening posi
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Slide 14: 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 07 May 2024. It is in summary form and is not necessarily c
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