Mader Group Ltd · ASX:MAD
Mader — H1 FY2024 Earnings Presentation
26 slides from Mader's earnings presentation, Feb 20, 2024
Slide 1: 1H FY24 Financial Results
ro: 1H FY24 Financial Results ik & MADER GROUP LIMITED | 20 FEBRUARY 2024 MADER
Slide 2: Who We Are
% Who We Are Global workforce Support vehicles Supported Wide network Operated in Mader is a leading global provider of specialist 3, 0 0 0 1, 2 0 0 46 8) 4 0 0 technical services across multiple industries. + + + + We are dedicated to helping customers enhance their sailed employees ethene world Lo
Slide 3: What We Do
FOr personal use O ae What We Do We deliver ‘tap on, tap off’ specialist services designed to help our customers make light work of heavy equipment maintenance. Globally 0 9 Diversified 26a0 OO oS Track record of replicating the business model in new addressable markets 100% organic growth Heavy Mob
Slide 4: Award Recognition
For personal use only AWARD RECOGNITION
Slide 5: Executive Overview
Fxecutive Overview JUSTIN NUICH EXECUTIVE DIRECTOR & CEO
Slide 6: 1H FY24 Highlights
1H FY24 Highlights D> Revenue by Region ($m’s) 5 Total Revenue EBITDA NPAT {cb) i?) =) @ 5 Net Debt Dividends EPS 1%) © © fess tka ro} = Australia North America Rest of World a GROWTH TRAJECTORY i Invested sates driven by continued Sustained Diversified strong in fleet global demand globally expansi
Slide 7: For personal use only
▪ Q1 FY2021 revenue in Australia was up 5% vs PCP ▪ Labour mobility expected to improve as state border restrictions ease ▪ Targeting a return to pre-COVID-19 margin levels in 2H2021 For personal use only ▪ High levels of customer demand with estimated missed opportunities ▪ Continued scaling of anc
Slide 8: For personal use only
For personal use only
Slide 9: Financial Performance
Financial Performance HIGHLIGHTS Group Revenue Growth (Consolidated) oy all 34 %.. PCP Strong Revenue Growth (North America) us North America Revenue Contribution @ 25%... © » 64%. PCP (EBITDA) a I Improved Earnings 43%... ° 1HFY23 4HFY24 Revenue 280,349 374,425 Gross Profit 58,151 83,876 Gtpss Marg
Slide 10: Financial Position
Financial Position #8000 Jun 23 Dec 23 &n & cash equivalents 13,010 22,546 Tare & other receivables 122,819 121,581 Rigperty, plant & equipment 100,163 109,057 stments & other assets 16,705 21,674 Total Assets 252,697 274,857 [e) Kade & other payables 49,968 46,902 ex liabilities 13,367 18,392 as 5,
Slide 11: Cash Flow
Cash Flow D> eee 1 Growth capital expenditure for the half year was Cc 1 $19.5m. The increase in growth capital was fo) H attributed to the continued expansion of HIGHLIGHTS (2.0) ! . Mader's global service vehicle fleet to support ®o ! — the growth of the business. Solid Operating Cash Flows 2 (62)
Slide 12: Building to the first billion
Building to the first billion MADER GROUP LIMITED
Slide 13: The Building Blocks
The Building Blocks Resources & Minerals Infrastructure 450+ f -_- Maintenance Employees engaged ‘orl 2. 2 B RO M Processing Infrastructure ee overseas opportunities Sites engaged in FY23: 350+ Crushers, screens, conveyors, through the Global Pathways 989 ais : "~ stackers program in 1H FY24 ~) Tota
Slide 14: The Building Blocks
The Building Blocks Energy Market is essential to the production and transportation of natural gas. The mechanical process is required at several stages, particularly in the upstream and midstream sectors Zs oh Production at the wellhead Storage & distribution will obe Gas processing facilities Tran
Slide 15: Getting Started
a mace —S- Jt Getting Started Significant Revenue Streams -LHe compounding effect of replicating our business model ip multiple significant addressable markets in parallel. Or personal use c nue of $1B- sable markets, ntinued replication of proven busi
Slide 16: Outlook
Outlook JUSTIN NUICH | EXECUTIVE DIRECTOR & CEO
Slide 17: Multiple Beachheads to Target Growth
Multiple Beachheads to Target Growth nal use only $94.2m Sper AMERICA + customers aBo+ Employees LL Revenue and customer data relates to Mader Group operations carried out in 1H FY24. REST OF WORLD 6 Customers 40+ Employees 74% REVENUE $275.1m ue AUSTRALIA 320+ Customers 2,500+ Employees 12
Slide 18: High Growth Agenda
High Growth Agenda Current market conditions have provided Mader with the confidence to reaffirm FY24 revenue of at least S770m delivering NPAT of at least SSOm oO & ae Targeted S 10 Year CAGR ROUEN TT growth in a s770m $60 laid for growth , c ear S Strong, flexible business North America oO; $608m
Slide 19: Investment Case
Investment Case Market Ca $1.27B 300m At market close on issue* 19 February 2024 Share Price $6.37 At market close 19 February 2024 Share Price 1H FY24
Slide 20: For personal use only
use only nal Ba! _ MADER GROUP LIMIT!
Slide 21: Board of Directors
Board of Directors Luke Mader Founder & Executive Chair Founder of Mader, Luke is trade qualified with over 25 years’ experience in the mining services industry, Luke leads Mader's strategic growth and development and has built Mader into a leading global provider of specialist technical services ac
Slide 22: Our Services
13) 1°) 1°) 1°] 1°) 1°) io] 1°] eooonoonnn Our Services Our selection of specialist services are designed to help customers make light work of heavy equipment maintenance CORE MECHANICAL SERVICES Mobile Plant Maintenance Rapid Response Teams Excavator Support Teams Drill Support Teams Equipment Shut
Slide 23: Planning for the Future
% Planning for the ture Through this initiative, we work closely with our industry partners ACTIVE > to feed quality tradespeople into mining across Western Australia, APPRENTICES Queensland and New South Wales. Our Trade Upgrade Program aims to bridge the skills gap. i f ' i 220 We are proud to hav
Slide 24: Tools for Life
Tools for Life aims to equip individuals and communities with the tools they need to build a better future and succeed in life. With a focus on , we are proud to be encouraging the future generation to identify available pathways and build sustainable careers within the industry. Got involved in the
Slide 25: Glossary
For personal use only TRIFR LTIFR HV Electrician LV Mechanic HRT Mechanic FY24 FY23 1H FY24 4H FY23 PCP EBITDA EBIT NPAT Net Leverage CPs Glossary Total recordable injury frequency rate per one million hours worked Lost time injury frequency rate per one million hours worked High Voltage Electrician
Slide 26: Disclaimer
For personal use only Disclaimer This presentation has been prepared by Mader Group Limited (ACN 159 340 397) "Mader’, "Mader Group’ and the “Company’) and approved by the Board. The information contained in this presentation is for information purposes only. The information contained in this presen