Acrow Limited · ASX:ACF
Acrow — Shareholder Meeting (November 2024)
25 slides from Acrow's shareholder meeting presentation, Nov 12, 2024
Slide 1: Annual General Meeting – Chairman's Address and CEO Presentation
ASX Announcement 12 November 2024 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS AND CEO PRESENTATION Acrow Limited (ASX: ACF) (“Acrow” or the “Company”) is pleased to attach the following documents which will be presented at the Company’s 2024 Annual General Meeting which is being held today at 10.30a
Slide 2: Chairman's Address
ASX Announcement 12 November 2024 ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS Good morning, My name is Peter Lancken, and I am the Chairman of Acrow Limited. On behalf of the Board, I would like to welcome you to the 2024 Annual General Meeting. It is a pleasure to report that FY24 was another year
Slide 3: Chairman's Address (continued)
ASX Announcement On the operational front, we continue to make strategic investments to streamline our business. In FY24, we embarked on the implementation of a new enterprise resource planning system, which will enhance our back-office operations and provide the technological platform for future gr
Slide 4: CEO Presentation
12 November 2024 Acrow Ltd (ASX:ACF) CEO Presentation Steven Boland - CEO ENGINEERING & CONSTRUCTION @ Raising the Standard in Construction. ALLL LLLLL A Me Zag | oA LM | | \ a | oe ‘oss River Rail, Albert Street, Brisbane ~
Slide 5: Disclaimer
For personal use only o> acrow. DISCLAIMER This presentation is based on unaudited final results and provided for information purposes only. The information in this presentation is in a summary form, does not purport to be complete and is not intended to be relied upon as advice to investors or othe
Slide 6: Our Journey... So Far
For personal use only OUR JOURNEY...SO FAR Acquired ASX listing Uni-span “Sumpform contract Oct 22 Share price 1 43% FY18 ‘Acquired Heinrich screens Acquired MI Scaffold Nov 23
Slide 7: Acrow Today
ACROW TODAY <> acrow. ENGINEERING & CONSTRUCTION e ge Acrow is a leading provider of smart a © a 8 aM Ae. integrated construction systems. he Ped & “8, st! wy 1950 Apr2018 6 states 393 FTE* 1393 50 clients | engineers COMPETITIVE SECTORS ADVANTAGES SERVICED o INDUSTRIAL - ENGINEERING pra etd erence
Slide 8: For personal use only
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Slide 9: Safety Is Our Priority
For personal use only 1.Lost Time Injury Frequency Rate SAFETY IS OUR PRIORITY ZERO HARM IMPROVEMENT 44% IMPROVEMENT FY23 FY24 TOTAL RECORDABLE INJURIES 29% . B FY23 FY24 LTIFR' 62% IMPROVEMENT FY24 LOST TIME INJURIES 50% IMPROVEMENT <> acrow.
Slide 10: Key Financial Metrics FY24
For personal use only KEY FINANCIAL METRICS FY24' NPAT and EPS impacted by full tax status (vs. 8% in PCP) REVENUE EBITDA (250.0 $2153 80.0 $74.6 200.0 $168.5 60.0 $53.2 150.0 a0 $™ 100.0 28% on 40% 50.0 | | iad | | 0.0 00 FY23, FY24 FY23 FY24 NPAT (Stat.) NPAT 35.0 $33.0 300 as $256 300 gio 25.0 25
Slide 11: Financial Track Record
For personal use only 1 FINANCIAL TRACK RECORD & acrow. EPS and ROE impacted by full tax status (vs. 8% in PCP) Y REVENUE($m) EBITDA ($m) ROE (%) Fvis {)))653) Fvis /is2 FY20 on — 22% CAGR bie | 33% CAGR FY21 12% CAGR Fy2i | 1057) FY21 FY22 Fv22 | 2483) Fy22 Fv23 Fv23 e885) Fy23 Fv24 a) FY24 ras oO
Slide 12: Key Operational Achievements FY24
For personal use only KEY OPERATIONAL ACHIEVEMENTS FY24 INDUSTRIAL ACCESS ACQUISITIONS Successfully acquired leading industrial access businesses - MI Scaffold/ Benchmark Scaffolding in Queensland JUMPFORM 16 contracts secured with a pipeline of over $42.5m . Continuing to gain market share and repe
Slide 13: Rebrand in Sept '23
& Rebrand in Sept’23 §|<> Reimagined Acrow ~ Drive collaboration & connection ] > Emphasis on product development i) 1 “Bestin Breed” approach 7 Pi) | af
Slide 14: Profitable Growth
Le LE, PROFITABLE GROWTH EH mn =i r ‘ol ae =
Slide 15: Broad Principles
For personal use only BROAD PRINCIPLES A clear, concise strategy that underpins the continued profitable growth of the business. Diversification of revenue streams across our core product and service offerings. Placing an equal importance on both our Formwork and Industrial Access businesses. acrow.
Slide 16: Organic Growth Focus
Focus on organic growth opportunities through our diverse product range and geographic reach, with specific focus on cross selling. Capture market share across all state markets. Capitalise on industry specific/market specific tailwinds. Launch innovative, internally developed products that offer co
Slide 17: Industrial Access
INDUSTRIAL ACCESS Become the Australian market leader in the provision of Industrial Access Services. | ia | Develop a national footprint via both M&A activity and targeting major contracts in geographic markets. Harness the unique expertise of each branch to establish a distinct Acrow Way of delive
Slide 18: For personal use only
For personal use only
Slide 19: Construction Activity Forecasts
For personal use only CONSTRUCTION ACTIVITY FORECASTS > acrow. TOTAL BUILDING & CONSTRUCTION WORK - FORECAST TOTAL VALUE OF WORK PER SECTOR - FORECAST 110 120 160 100 \ 0 20 7 Z © ea “0 * a —___--—=S——~*~CS* 0 —~ RESIDENTIAL at m ENGINEERING BUILDING CONSTRUCTION ° BUILDING POS DD DD DD DP Dd PP DP
Slide 20: Upcoming Major Projects
use only c [o} 9 o foe fs) uw North East Link Program, VIC North East Link tunnels to fix Melbourne's freeway network Biggest investment in Melbourne's north-east Completes Ring Road in Greensborough Overhauls Eastern Freeway Builds Melbourne's first dedicated busway Creates North East Trail with 34
Slide 21: Upcoming Major Projects Cont.
> c oF o n =) o c [o} 9 o foe 5 LL Melbourne Airport Rail, VIC * Melbourne Airport Rail: connects airport to Victoria's train network * Route: Melbourne Airport to Sunshine Station, through Metro Tunnel to CBD * Continues on Cranbourne and Pakenham lines Brisbane Olympics 2032 Most venues still to b
Slide 22: Secured Hire Contracts and Pipeline
For personal use only SECURED HIRE CONTRACTS AND PIPELINE <> acrow. Strong lead indicators for hire revenue 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 200.0 150.0 100.0 50.0 HIRE CONTRACTS WON Jul-Oct 23 Jul-Oct 24 Pipeline rc —— $198m 30 Jun 24 310ct24 Key lead indicator fo re performance Secured contra
Slide 23: Funding and Liquidity
For personal use only FUNDING AND LIQUIDITY TOTAL AVAILABLE HEADROOM - ~$75.0M 50.0 0.0 16.6 FY23 BB v0: 0%" 21.2 74.2 FY24 75.0 FY24 proforma HEADROOM acrow. <> Debt facility with Westpac Banking Corporation expanded by $56 million on 1 October 2024 Proforma headroom of approximately $75 million, b
Slide 24: FY25 Outlook and Guidance
FY25 OUTLOOK AND GUIDANCE Medium term outlook is very strong, with record levels in both secured hire contracts and pipeline. General Formwork business positioned to take advantage of substantial pipeline of projects both civil and commercial, including QLD hospital & Brisbane Olympics projects, tha
Slide 25: Contact
For personal use only CONTACT acrow. ACROW HEAD OFFICE 2A Mavis Street Revesby NSW 2212 & 1300 138 362 info@acrow.com.au & www.dcrow.com.au Steven Boland MD & CEO Investor enquiries & presentation questions £23 investors@acrow.com.au Raising the Standard in Construction. 22