Slide 1: FY24 Results Investor Presentation
Wednesday, 21 August 2024 FY24 Results Investor Presentation SHAPE Australia Corporation Limited (SHAPE) attaches a copy of the FY24 Results Investor Presentation. For personal use only ENDS This announcement was authorised for release by the Board of Directors. About SHAPE: SHAPE Australia (ASX: SH
Slide 2: FY24 Results Presentation
For personal use only FY24 Results Presentation August 2024 SHAPE Australia Corporation Limited (ASX:SHA) ALS Headquarters (MBAWA 2024 Award Winner) | Perth ABN 14 654 729 352
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer For personal use only Information in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in SHAPE Australia Corporation Limited or any other company. Before making or varyin
Slide 4: A Market-leading National Fitout & Construction Services Specialist
A Market-leading National Fitout & Construction Services Specialist Track record for quality & exceptional customer service. 630+ For personal use only Staff Nationally 7,250+ 34 49% Completed Projects Years of Experience Tender Conversion Rate +88 $10bn 84% Net Promoter Score Total Projects Value R
Slide 5: Long-term Growth Underpinned by Over 900 Years of Industry Knowledge and Experience
Long-term Growth Underpinned by Over 34 Years of Industry Knowledge and Experience For personal use only 900 Millions 800 700 600 Revenue 500 400 300 200 100 - shape.com.au
Slide 6: FY24 Financial Highlights
FY24 Financial Highlights For personal use only Revenue EBITDA Net Profit After Tax (NPAT) $838.7m $25.9m $16.0m ▼2.7% ▲33% ▲53% Project Wins Backlog Orders² Identified Pipeline $947.3m ($1.0bn ) ¹ $457.4m $3.2bn ▲18% ▲33% ▼15.8% Cash and Marketable Securities Earnings Per Share Declared Dividends P
Slide 7: Diversification Drives Business Resilience
Diversification Drives Business Resilience For personal use only Delivering high-quality and cost- Ability to win projects at all stages Extensive and diversified range effective solutions while minimising of the office life cycle, increasing of customers, including blue-chip disruption to client’s
Slide 8: SHAPE Has Secured Robust Project Wins & Diversified Backlog Orders
SHAPE Has Secured Robust Project Wins & Diversified Backlog Orders For personal use only Project Wins Backlog Order Book Pipeline $947.3m ($1.0bn¹) 12% 17% Decision Pending 1% 3% $395.8m 2% 4% 9% Tendering $457.4m 52% 9% $3.2bn 51% $303.6m 12% 8% 12% 9% Office Education Hotels Health Defence Retail
Slide 9: Commercial Office Sector Resilience
Commercial Office Sector Resilience For personal use only Commercial office sector enjoys work across all aspects of the property cycle. On-going Fitout Maintenance and Tenant Churn and (Long-Term Occupancy) Refresh of Asset Increase in New Build Vacancy Reposition (Construction of Asset) Asset shap
Slide 10: Demonstrated Ability To Win & Execute Work Across Regions & Capabilities
Demonstrated Ability To Win & Execute Work Across Regions & Capabilities For personal use only Revenue By Region Revenue By Capability Origination 4% • Bespoke CRM with sophisticated algorithms 3% 4% 8% 4% supporting average win rates of +50% (by number). 22% • Transparent lease expiry register prov
Slide 11: Operational Highlights
Operational Highlights Safety • *TRIFR increased from 3.8 to 6.0 (the most recent industry average is 10.0¹). In FY24, our commitment • *LTIFR increased from 0.9 to 1.5 (the most recent industry average is 1.98²). to WHS performance • Recordable injuries increased from 17 to 28. remained a top prior
Slide 12: Continued Investment In Safety Leadership, Systems, & Technology
Continued Investment In Safety Leadership, Systems, & Technology For personal use only Year TRIFR LTIFR No. Of MTI No. Of LTI No. Of RWI • Safety performance metrics, while positive, have increased as a result of the current labour and resource conditions. FY24 6 1.5 20 7 1 • SHAPE's TRIFR and LTIFR
Slide 13: New Capabilities in FY24
New Capabilities in FY24 Aftercare and Facilities Maintenance (AFM by SHAPE) Design & Build For personal use only • Launched in November 2023 • Launched in February 2024 • AFM by SHAPE focuses on SHAPE’s commercial office clients in Sydney • Delivering an end-to-end service from bespoke workplace st
Slide 14: Delivering a Diverse Range of Projects
Delivering a Diverse Range of Projects Wallan Secondary BHP Perth ? College Albert Hall Renewal Launceston Ausgrid Newcastle Office For personal use only • Modular Construction • New Build • Fitout • Located in outer northern suburbs of Melbourne • Located in Tasmania • Located in Newcastle • Projec
Slide 15: Sustainability
Sustainability For personal use only 2,500t Co2-e Carbon Neutral Projects Delivered Total emissions* offset continues to Climate Active certification maintained Three projects completed for Green reduce (down from 2,912t Co2-e in pcp) for Corporate Operations Star certification * Estimated emissions
Slide 16: Financial Overview
For personal use only Financial Overview shape.com.au Tech Client Fitout, Salesforce Tower | Sydney
Slide 17: Significant Profitability Uplift For The Half
Significant Profitability Uplift For The Half $’000 FY24 FY23 Movement For personal use only • Revenue remains strong at $838.7m, although down slightly (2.7%) Revenue 838,732 862,367 ↓ 2.7% on pcp due primarily to project commencement delays. EBITDA 25,929 19,444 ↑ 33% • Gross Margin increased by 1
Slide 18: Strong Liquidity Position With Flexibility To Maximise Opportunities
Strong Liquidity Position With Flexibility To Maximise Opportunities For personal use only Diligent Liquidity Management Average Daily Cash and Marketable Securities Balance 12 Month Rolling Average • Consistent application of rigorous cash management processes by project teams. 100 Millions • Dilig
Slide 19: Growth Strategy
For personal use only Growth Strategy SHAPE’s Growth Strategy Is Focused On Three Pillars Geelong Lutheran College | Victoria
Slide 20: Outlook & Growth
Outlook & Growth For personal use only 01 02 03 Growth into non-office Continued diversification Geographic market sectors of capabilities Expansion • Significant opportunities to continue growing • We remain focused on the implementation of our • Continue to focus on expansion in three key revenues
Slide 21: Outlook & Growth | Growth into non-office market sectors
Outlook & Growth | Growth into non-office market sectors Project Wins Revenue • Project wins grew by 41% and revenue by 15% across non-office For personal use only FY24 FY23 FY24 FY23 market sectors. Hotels $72.3m $50.0m $42.1m $49.2m • Revenue in Defence Primes surged by 135%, reflecting our ongoin
Slide 22: Outlook & Growth | Continued diversification of capabilities
Outlook & Growth | Continued diversification of capabilities Project Wins Revenue • New Build project wins increased by 256% to $112.5m. For personal use only FY24 FY23 FY24 FY23 However, revenue is down slightly due to many of these projects being completed in FY25. New Build $112.5m $31.6m $36.6m
Slide 23: Outlook & Growth | Expansion into new geography
Outlook & Growth | Expansion into new geography Project Wins Revenue • Our three regional operations experienced significant project For personal use only wins and revenue growth, increasing 211% and 60%, FY24 FY23 FY24 FY23 respectively. Gold Coast $82.1m $20.0m $25.5m $15.7m • Gold Coast’s 310% in
Slide 24: Questions?
For personal use only Questions? Salta Properties | Melbourne
Slide 25: Appendix
For personal use only Appendix
Slide 26: Operational Segments
Operational Segments Fitout and Refurbishment Modular Construction New Build (Modular by SHAPE) For personal use only • Significant experience delivering high-end fitouts • Utilising modern methods of construction to develop • Meaningful experience and relationships to deliver across offices, boutiq
Slide 27: Reconciliation of Profit Before Income Tax To EBITDA
APPENDIX A Reconciliation of Profit Before Income Tax To EBITDA For personal use only 30 Jun 2024 30 Jun 2023 $’000 $’000 Profit before income tax 23,020 15,481 Depreciation and amortisation 5,035 4,954 Interest revenue (3,490) (2,421) Finance costs 1,363 1,430 EBITDA 25,928 19,444 Department of Fin
Slide 28: DLG SHAPE
DLG SHAPE Management fees generated to SHAPE of $3.43m For personal use only during the reporting period – up 18% on pcp. Spend with Indigenous Business Identified Pipeline $4.07m $297.5m Projects Won Construction Revenue $76.5m $69.4m • Continued strong performance for • DLG SHAPE remain committed