Civmec Limited · SGX:P9D
Civmec — Q1 2016 Earnings Presentation
15 slides from Civmec's earnings presentation, Nov 13, 2015
Slide 1: Q1FY2016 Results Briefing
Q1FY2016 Results Briefing 13 November 2015
Slide 2: Presentation Format
Presentation Format 1. Q1FY2016 Financial Highlights 2. Recent Developments • New Contract Awards • Defence • Infrastructure • Metals and Minerals 3. Outlook www.civmec.com.au | 2
Slide 3: Q1FY2016 Highlights
Q1FY2016 Highlights • Revenue of S$143.8m – up 25% from Q4FY2015 • NPAT of S$8.7m – 6.1% – up 32% from Q4FY2015 • EPS at 1.73 Singapore cents Financial • Cash on hand of S$25.7m – up 13% • Awarded A$141 million in new contracts in Q1FY2016 • Secured key contracts in the Infrastructure and Defence se
Slide 4: Q1FY2016 Results Snapshot
Q1FY2016 Results Snapshot (S$000) Change Change Q1FY2016 Q4FY2015 Q1FY2015 (%) (%) Revenue 143,840 114,704 25.4 170,185 (15.5) Gross Profit 17,506 14,066 24.5 20,029 (12.6) NPAT 8,679 6,548 32.5 11,064 (21.6) NPAT Margin (%) 6.0% 5.7% 0.3 ppt* 6.5% (0.5) ppt* EPS on fully diluted basis 1.73 1.29 34.
Slide 5: Group Financial Position
Group Financial Position Sep 2016 Jun 2015 Change (%) Gross cash (S$m) 25.7 37.6 (31.6) Debt (S$m) 24.7 25.4 (2.3) Bank facilities & performance bonds - Utilised (A$) 87,565 72,858 20.2 - Available (A$) 107,435 67,142 60.0 • Operating cash flow affected by delays in payments which have since been re
Slide 6: Revenue and NPAT (Historical Q1)
Revenue and NPAT (Historical Q1) Revenue (S$m) NPAT (S$m) 180,000 170,185 12,000 11,064 160,000 143,840 139,281 10,000 140,000 8,703 8,679 7,271 8,032 120,000 8,000 100,000 6,000 80,000 70,869 4,000 60,000 43,699 40,000 2,000 20,000 0 0 • Revenue and net profit decrease due to foreign exchange • Aus
Slide 7: Revenue and NPAT (Q1FY2016 vs Q4FY2015)
Revenue and NPAT (Q1FY2016 VS Q4FY2015) Revenue (S$m) NPAT (S$m) 160,000 143,840 10,000 140,000 9,000 8,679 114,704 8,000 120,000 7,000 100,000 6,000 80,000 4,548 5,000 60,000 4,000 3,000 40,000 2,000 20,000 1,000 0 0 4QFY2015 Q1FY2016 4QFY2015 Q1FY2016 • Topline increased 25.4% with revenue recogni
Slide 8: New Contract Awards
New Contract Awards Civmec has secured AUD$45 million of new contracts and additional work on existing projects across all sectors. Contracts include: • IHI Engineering Australia Pty Ltd: Structural, Mechanical, Piping and Electrical works for the South Hedland Power Station • Technip Oceania: Fabri
Slide 9: Defence
Defence Launched new division in September to target the defence sector. • Led by General Manager of Defence, Mike Deeks (former Royal Australian Navy Commodore) • Targeting civil infrastructure works, with long-term plans for involvement in numerous Australian defence programs • Requires investment
Slide 10: Defence
Defence Secured first defence contract: civil works package for Department of Defence’s Helicopter Aircrew Training System (“HATS”) project • Awarded by HATS’ managing contractor, Lendlease • Scope of work includes site civil works, excavation, demolition, road works and landscaping services for HAT
Slide 11: Infrastructure
Infrastructure Precast package for major highway project in NSW for Acciona Ferrovial JV • To manufacture and deliver bridge barriers and transfloor panels for the 20- kilometre Warrell Creek and Nambucca Heads portion of works • Establishment of a 30,000m2 precast facility in Macksville, NSW • Paci
Slide 12: Metals and Minerals
Metals and Minerals Sedgman Civmec Joint Venture (“SCJV”) awarded significant contract by BHP Billiton Iron Ore • Contract includes civil, structural, mechanical, piping, electrical and commissioning works at the Jimblebar mine in Pilbara, Western Australia • The Engineering, Procurement, Constructi
Slide 13: Outlook
Outlook • Leverage core capabilities to continue organic growth • Immediate geographical expansion within Australia, while continually surveying opportunities overseas • Target certain projects via strategic alliances and joint venture partnerships • Continue to target EPC projects • Healthy Austral
Slide 14: Disclaimer
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 information, internally developed dat
Slide 15: Thank you
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