Verbrec Ltd · ASX:VBC
Verbrec — Investor Presentation (August 2019)
13 slides from Verbrec's investor presentation, Aug 30, 2019
Slide 1: FY19 Results Presentation
FY19 RESULTS PRESENTATION AUGUST 2019 i LOGICAMMS 2019 INVESTOR PRESENTATION
Slide 2: Company Profile
COMPANY PROFILE Following the merger with OSD Pty Ltd, LogiCamms Limited Pro forma consolidated (combined) revenue by industry sector (ASX: LCM) is now a leading mid-tier engineering, project delivery and operations services business executing work FY19 FY18 across Australia, New Zealand, PNG and th
Slide 3: Proforma Financial Performance
PROFORMA FINANCIAL PERFORMANCE Pro forma consolidated (combined)2 FY19 results matched pre-merger projections1 FY19 Revenue $119.4m Pre-merger projection was approx. $120m1 Normalised EBITDAI $6.87m Pre-merger projection was $6.7m1 NPAT $3.2m – Market Capitalisation (at 30 June 2019) $37m Diluted Ne
Slide 4: Operational Highlights
OPERATIONAL HIGHLIGHTS • Outstanding Safety Performance: Zero TRIFR (849,000 hours worked) • More than $3 million in annualised merger cost synergies already achieved • Improved half-on-half performance for pre-merger LogiCamms business driven by increased discipline and accountability including: ––
Slide 5: Strategic Highlights
STRATEGIC HIGHLIGHTS • Merger completed 28 June 2019 • Re-financing completed: Stronger balance sheet with net positive cash position and renewed financing facilities • New Vision, Mission and Values developed and established across the business • Renewed company strategy established (focused on our
Slide 6: Merger Implementation Update
MERGER IMPLEMENTATION UPDATE PHASE 1: PHASE 2: PHASE 3: ENHANCE EFFICIENCY, PROFITABILITY LEVERAGE SKILL SET TO CAPITALISE ON MOMENTUM AND AND DEVELOP COMMON CULTURE SECURE ORGANIC GROWTH STRONGER BALANCE SHEET TO PURSUE GROWTH OPPORTUNITIES COMPLETE UNDERWAY Q2 FY20 More than $3m annualised operati
Slide 7: Strategy Outline
STRATEGY OUTLINE REMAIN FOCUSED ON OUR Hydrocarbons (Oil & Gas and Chemicals) KEY INDUSTRY SECTORS Mining & Minerals Infrastructure (Water, Power and Intelligent Transport systems) Growing presence in Defence (in our specialty areas) FULLY HARNESS FOCUS ON SIX SPECIALIST FOCUS INNOVATION MERGER BENE
Slide 8: Merged Board and Management
MERGED BOARD AND MANAGEMENT Board Position Charles Rottier Independent Chairperson Brian O’Sullivan AM Executive Director Linton Burns Executive Director Richard Robinson Independent Non-Executive Director • Richard Robinson has informed the Board of his intention to retire by February 2020 • Search
Slide 9: Market Conditions
MARKET CONDITIONS Generally positive conditions in LCM’s key markets, including all areas serviced by our Service Lines: HYDROCARBONS MINING & MINERALS (OIL & GAS AND CHEMICALS) • Ongoing brownfield projects particularly in the areas of • A continued return to investment in existing assets – brownfi
Slide 10: Outlook
OUTLOOK • $54m work in hand at 31 July 2019 • Industry trends mean larger and more complex projects becoming available to pursue. LCM in stronger position to bid and win these contracts: –– Mid-tier position, stronger balance sheet and lower overheads –– Service Line strategy (and branding) to focus
Slide 11: Appendix 1: Reported Profit before Tax to Pro Forma EBITDAI
APPENDIX 1 Reported Profit before tax to Group pro forma EBITDAI 8.0 2.2 6.9 7.0 6.0 5.0 1.4 4.0 0.3 2.7 3.0 2.0 1.0 0.3 0.0 0.0 Statutory Profit before OSD D&A Reverse takeover costs LCM pro-forma debt LCM transaction costs LCM EBITDAI pre Pro-forma Normalised Tax (included in Statutory adjustment
Slide 12: Disclaimer
DISCLAIMER The purpose of this presentation is to provide general information about LogiCamms Limited (Company). It is not recommended that any person makes any investment decision in relation to the Company solely on the basis of this presentation. This presentation does not contain all information
Slide 13: Further Information
FURTHER INFORMATION INVESTOR RELATIONS Chris O’Neill Chief Executive Officer Tel. +61 7 3058 7000 REGISTERED OFFICE Level 14, 200 Mary Street Brisbane Queensland 4000 Tel. +61 7 3058 7000 WEB www.logicamms.com.au 12 LOGICAMMS 2019 INVESTOR PRESENTATION