Weststar Industrial Ltd. · ASX:WSI
Weststar Industrial — Investor Presentation (April 2019)
15 slides from Weststar Industrial's investor presentation, Apr 8, 2019
Slide 1: Investor Presentation April 2019
Investor Presentation April 2019 (ASX:WSI) Well Positioned for Project & Growth Opportunities Across Key Industrial Markets
Slide 2: Investment Highlights
Investment Highlights Right Sectors Provider of engineering, construction and mining services, predominantly to the Western Australian resources and infrastructure sectors Tier 1 Clients Track record of repeat work with Tier 1 clients, including MSP (at Tianqi and Talison), Rio Tinto, Iluka, Salini
Slide 3: Corporate Snapshot
Corporate Snapshot WestStar Industrial ASX Code: WSI WestStar board members ● Chartered Accountant and a Member of the Institute of Company Directors Share Price (as at 5 April 2019) 2.3 cents Philip Re ● 20 years’ corporate experience Non Exec. Director ● Significant ASX director experience Shares
Slide 4: Two Core Businesses
Two Core Businesses Emerging engineering, construction and mining services company with Established pre-fabricated concrete specialist experience in large construction company resource and infrastructure projects ● Structural Mechanical & Piping (SMP) ● Electrical & Instrumentation (E&I) ● Precast c
Slide 5: Highly Experienced Management Team
Highly Experienced Management Team Robert Spadanuda Mark Dimasi David Dimasi Peter Horvath Derek Hall CEO, WSI Managing Director, SIMPEC Director, SIMPEC Commercial Manager Group Chief Financial Officer ● Experienced Project Manager ● 25 years of contract and ● Chartered Accountant, ● Held CEO roles
Slide 6: Significant Achievements Over Last 24 Months
Significant Achievements Over Last 24 Months $8m contract with MSP (Tianqi); $4.5m at Rio Tinto Cape Lambert; $4m at Rio Tinto (West Angelas) Further $1.8m contract December 2018 with MSP at Talison; $1m mechanical installation contract BHP contract win and August, September 2018 first contract with
Slide 7: Current FY19 Order Book $33M
Current FY19 Order Book WSI’s order book includes contracts for which it has successfully engaged directly with Rio Tinto, BHP and Iluka $8M at Tianqi Lithium, $6M over 3 awards at Talison Lithium $14.0M $4.5M at Cape Lambert (Direct), $4M at West Angelas via ATCO $8.5M Other contracts including Vau
Slide 8: Project examples - SIMPEC
Project examples - SIMPEC RIO TINTO MSP ENGINEERING RIO TINTO West Angelas Mine site Tianqi Lithium Plant Cape Lambert Port Facility ● Project Value: ~$4 million ● Combined Project Value: ~$8m ● Project Value: ~$4.5 million ● Supply and installation of the electrical ● Installation of piping and ins
Slide 9: Significant Order Book Growth
Significant Order Book Growth $ 33,000,000 $ 30,000,000 $ 22,500,000 $ 15,000,000 $ 9,100,000 $ 7,500,000 $ 4,000,000 FY17 FY18 FY19 (Year to Date) 09
Slide 10: Quarterly Reported Cash Flows
Quarterly Reported Cash Flows (A$’000) WSI has successfully maintained positive operating cash flows over the last 18 months $6,000 5,772 $2,600 thousand thousand 2,465 $4,500 $1,950 1,712 3,673 3,457 $3,000 2,791 $1,300 1,131 1,642 $1,500 1,202 $650 732 577 531 $0 $0 Sep-17 Dec-17 Mar-18 Jun-18 Sep
Slide 11: Continued Earnings Growth
Continued Earnings Growth 6 months ended 31 6 months ended 30 6 months ended 31 A$’000 December 2017 June 2018 December 2018 ● Continued earnings growth is Revenue 3,055 6,041 10,284 supported by FY19 $33m order Cost of Sales (2,689) (5,195) (8,338) book ● Largely fixed overhead cost base Gross Prof
Slide 12: Clear Growth Strategy
Clear Growth Strategy Maintain & Develop Client Relationships Continually develop/maintain strong client relationships to generate repeat work and larger contracts Increase Project Scale Demonstrate project delivery capabilities to convert follow-on opportunities, grow market traction and win larger
Slide 13: Olympic Domain interest
Olympic Domain interest WSI maintains a 17.5% interest in the Olympic Domain tenements, which are subject to a farm-in joint venture with Cohiba Minerals Ltd (ASX:CHK) 1 Olympic Domain tenements are situated in South Australia, in the famous Olympic Dam, Roxby Downs and Carrapateena Region. The thre
Slide 14: Contact Details
Contact Details Directors: Office: Philip Re – Non-Executive Director Suite 1, 437 Roberts Road, E: pre@regencypartners.com.au Subiaco, WA 6008 P: +618 9466 9018 Bert Mondello – Non-Executive Director E: info@weststarindustrial.com.au E: bmondello@regencycorporate.com.au W: https://www.wsindustrial.
Slide 15: Disclaimer
Disclaimer This presentation has been prepared by WestStar Industrial Ltd (ACN 119 047 693) (the Company). This presentation is being provided to a limited number of investor for the sole purpose of providing preliminary background financial and other information to enable recipients to review the b
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