Civmec Limited · SGX:P9D
Civmec — H1 FY2023 Earnings Presentation
31 slides from Civmec's earnings presentation, Feb 10, 2023
Slide 1: Investor Presentation 1H FY 2023
For personal use only Investor Presentation 1H FY 2023
Slide 2: About Civmec: Who We Are
About Civmec For personal use only Who We Are Civmec is a multidisciplinary heavy engineering and construction company, providing a broad suite of high-quality, integrated services to the Energy, Resources, Infrastructure, Marine and Defence sectors. CONSTRUCTION MANUFACTURING MAINTENANCE AND » Site
Slide 3: Operating Sectors and Iconic Projects
About Civmec For personal use only Operating Sectors and Iconic Projects ENERGY RESOURCES INFRASTRUCTURE, MARINE AND DEFENCE CIVMEC INVESTOR PRESENTATION 1H FY2023 3
Slide 4: Our Facilities
For personal use only Our Facilities Port Hedland D NT Gladstone QLD C WA SA NSW A Henderson B Newcastle WA CIVMEC INVESTOR PRESENTATION 1H FY2023 4
Slide 5: West Coast Facility
About Civmec For personal use only West Coast Facility Our west coast fabrication and shipbuilding facility in Henderson, Western Australia, is the HENDERSON largest heavy engineering facility of its kind in Australia. Western Australia OVERVIEW Situated just 30 kilometres south of Perth, the facili
Slide 6: East Coast Facility
About Civmec For personal use only East Coast Facility Our east coast facility is strategically located on NEWCASTLE 227,000m² of land, just 14 kilometres from the Port of Newcastle in New South Wales New South Wales OVERVIEW With direct access to the Hunter River, the site offers 535 metres of prim
Slide 7: Gladstone Facility
About Civmec For personal use only Gladstone Facility Set on around 3,000 square metres of land, our GLADSTONE Gladstone facility is well positioned for our east coast shutdown and maintenance teams, with a large workshop, laydown area, office and exten- Queensland sive equipment on site. OVERVIEW •
Slide 8: Port Hedland Facility
About Civmec For personal use only Port Hedland Facility The new Port Hedland facility is located on 50,000 PORT HEDLAND square metres of land in the Wedgefield industrial area of Port Hedland. Western Australia OVERVIEW • Construction is underway in Wedgefield for a 5,000 sqm workshop and office de
Slide 9: Financial Highlights 1H FY 2023
For personal use only Financial Highlights 1H FY 2023 CIVMEC INVESTOR PRESENTATION 1H FY2023 9
Slide 10: Financial Highlights
About Civmec For personal use only Financial Highlights REVENUE A$418.9m 7.6% increase from 1H FY22 EBITDA A$51.3m 23% increase from 1H FY22 NPAT A$28.3m 25.1% increase from 1H FY22 NET PROFIT MARGIN 6.7% up from 5.8% in 1H FY22 CIVMEC INVESTOR PRESENTATION 1H FY2023 10
Slide 11: Financial Highlights
About Civmec For personal use only Financial Highlights EARNINGS PER SHARE 5.6c Australian up from 4.5c Australian in 1H FY22 NET ASSET VALUE PER SHARE 77.1c Australian increase of 24.8% INTERIM DIVIDEND 2.0c Australian for 1H FY23 increase by 100% CIVMEC INVESTOR PRESENTATION 1H FY2023 11
Slide 12: Strong Performance
About Civmec For personal use only Strong Performance A$ million 1H FY23 1H FY22 Change % Revenue $418.9 $389.4 7.6 EBITDA $51.3 $42.2 23.0 NPAT $28.3 $22.6 25.1 Net Profit Margin 6.7% 5.8% 0.9pp Cash & Cash Equivalents $62.8 $39.1 60.6 Borrowings $50.0 $74.0 (32.4) H1 Net Assets $389.5 $310.4 25.5
Slide 13: Strong Performance
About Civmec For personal use only Strong Performance Revenue A$m NPAT FY 2022 50 A$m FY 2022 800 40 FY 2021 FY 2021 600 30 FY 2019 400 FY 2020 20 FY 2020 200 10 FY 2019 0 0 FY19 1H FY20 1H FY21 1H FY22 1H FY23 1H FY19 1H FY20 1H FY21 1H FY22 1H FY23 1H A$m EBITDA Australian cents Dividend 100 3.0 p
Slide 14: Outlook for Growth
For personal use only Outlook for Growth CIVMEC INVESTOR PRESENTATION 1H FY2023 14
Slide 15: Engineering Success into the future
About Civmec For personal use only Engineering Success into the future Civmec has a proven track record of performance and delivery. We have developed world class facilities and plan to capitalise on these during forecast strong market conditions. FUTURE GROWTH OPPORTUNITIES A$B Order book of A$1.17
Slide 16: Growth opportunities: Maintenance & Capital Works
About Civmec Engineering Success in our operations For personal use only Growth opportunities Maintenance & Capital Works • Civmec has been accepted onto BHP’s Western Australian iron ore operations’ site engineering panel of contractors. • Awarded “umbrella” services agreement to provide constructi
Slide 17: Growth opportunities Maintenance & Capital Works
About Civmec For personal use only Growth opportunities Maintenance & Capital Works Existing client Opportunity for growth Projects & expansion Existing clients offering opportunities for expansion BHP - awarded Site Engineering Panel. Rio Tinto - Umbrella Services Agreement for construction service
Slide 18: Global demand for resources Iron Ore & Lithium
About Civmec For personal use only Global demand for resources Iron Ore & Lithium CIVMEC INVESTOR PRESENTATION 1H FY2023 18
Slide 19: Australia's Increased Budgets
About Civmec For personal use only Australia’s Increased Budgets Defence, Infrastructure & Decarbonisation - Infrastructure Partnerships Australia Pipeline Forecast Road 2022 - 2025 Electrification metals projects (lithium, copper, nickel) An increase of A$15 to grow as world looks to greener future
Slide 20: Our Projects
For personal use only Our Projects CIVMEC INVESTOR PRESENTATION 1H FY2023 20
Slide 21: Project Locations
A Project Locations Port Hedland D 10 11 NT For personal use only Port Hedland Gladstone 13 14 16 24 QLD 15 7 17 21 20 5 C Gladstone 22 23 WA SA 19 27 13 NSW 29 17 Henderson 4 A 914 2518 25 8 WA 1 2 6 26 12 Newcastle 14 B 3 20 8 24 28 ENERGY RESOURCES INFRASTRUCTURE, MARINE AND DEFENCE VIC PROJECT C
Slide 22: Project Snapshot Resources: Covalent Lithium Project
About Civmec For personal use only Project Snapshot Resources CLIENT Covalent Lithium Pty Ltd Covalent Lithium Project LOCATION Kwinana Western Australia DURATION mid 2022 - 2024 OVERVIEW The refinery will be located in Kwinana, Western Australia, near Civmec’s facilities in Henderson. The refinery
Slide 23: Project Snapshot Resources: SABR Project
About Civmec For personal use only Project Snapshot Resources OWNER SABR Project BHP Mitsubishi Alliance (BMA) LOCATION Shiploader Replacement Shiploader Henderson, WA and Newcastle, NSW arriving at Hay Point, Queensland. DURATION August 2020 - Late 2022 Shiploader at Henderson being loaded to a hea
Slide 24: Project Snapshot Energy: SCMS Project
About Civmec Project Snapshot Energy For personal use only CLIENT SCMS Project BAKER HUGHES LOCATION Henderson, WA DURATION 2022 - 2024 OVERVIEW Civmec will deliver the following to be integrated into Chevron’s Jansz-Io Compression SCMS Project. The project consists of a separate retrievable manifol
Slide 25: Project Snapshot Infrastructure: Causeway Bridges
About Civmec For personal use only Project Snapshot Infrastructure CLIENT Causeway Pedestrian and Main Roads WA (MRWA) Cyclist Bridges LOCATION Perth, WA DURATION April 2022 - Late 2024 OVERVIEW The project comprises two cable-stayed bridges and approach embankments and connects Victoria Park foresh
Slide 26: Project Snapshot Resources: Western Range
About Civmec For personal use only Project Snapshot Resources CLIENT Western Range Rio Tinto LOCATION Paraburdoo, Pilbara region Western Australia DURATION mid 2023 - mid 2025 OVERVIEW This iron ore project includes Greenfields and Brownfields scope with the construction of a new Run of Mine (ROM) p
Slide 27: Engineering Success
For personal use only Engineering Success CIVMEC INVESTOR PRESENTATION 1H FY2023 27
Slide 28: Engineering Success in our communities
About Civmec Engineering Success in our communities For personal use only • Civmec donated to Anglicare WA. Our contribution will go towards the Young Hearts Program. • In December, Civmec held a Christmas food drive for Foodbank WA, a charity that provides for West Australian families in need. • Ci
Slide 29: Engineering Success for our people
About Civmec Engineering Success for our people For personal use only • The company received a “low risk of non-compliance” finding from the Federal Safety Commission, leading to a 6-year reaccreditation under the Work Health and Safety Accreditation Scheme. • Female percentage of employees employed
Slide 30: For personal use only
About Civmec For personal use only We will maintain our efforts to pursue long-term growth and sustainability, targeting repeat-order opportunities and constantly striving to strengthen our balance sheet, increase revenue and profits. CIVMEC INVESTOR PRESENTATION 1H FY2023 30
Slide 31: Disclaimer
About Civmec For personal use only Disclaimer This presentation has been prepared by the management of Civmec Limited (the Company) for the benefit of brokers, analysts and investors and not as any specific advice to any particular party or person. The information is based on publicly available info