Rubicon Water Limited · ASX:RWL
Rubicon Water — Shareholder Meeting (November 2024)
17 slides from Rubicon Water's shareholder meeting presentation, Nov 28, 2024
Slide 1: Rubicon Water Annual General Meeting
Blythe, USA For personal use only RUBICON WATER Annual General Meeting 28 November 2024 Presenters: Gordon Dickinson, Chair Bruce Rodgerson, CEO ASX:RWL 1
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Rubicon Water Limited (Company) to provide summary ‒ if you are outside Australia, you are a person to whom the provision of the information in this For personal use only information about the Company and its associated entities
Slide 3: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER None of the Advisers have authorised, permitted or caused the issue or lodgement, submission, dispatch None of the Company, or any other Limited Party, makes any representation or warranty as to the For personal use only or provision of this presentation and there is
Slide 4: Rubicon Water
RUBICON WATER Dedicated to addressing water scarcity by providing innovative For personal use only solutions to governments, water management utilities, and growers. $1.08bn ~70% Our mission is to increase water availability and agricultural productivity through Infra & services Revenue improved wat
Slide 5: Overview
OVERVIEW For personal use only Revenue of $58.4m - up Record performance in Significant investments in the US, securing $A33 localised global operations, 5.8% on pcp. increasing personnel outside of million in orders, a Underlying EBITDA ANZ from 67 to 140 over the 200% increase over the past five y
Slide 6: Placement & SPP
PLACEMENT & SPP For personal use only Successfully raised A$16.0 million through a fully underwritten, Completion June 2024 Net debt ($'000) June 2024 of Offer1 Pro Forma two tranche Placement and an additional A$1.0 million through Cash at bank 1,690 3,575 5,265 a non-underwritten Share Purchase Pl
Slide 7: The Rubicon Opportunity
THE RUBICON OPPORTUNITY Projections towards the Currently… For personal use only year 2050 state that…. Agriculture consumes Agriculture will need 70% of the world’s to produce 56% freshwater resources. more food and fibre to feed the Surface water is the world’s population. primary source of water,
Slide 8: International Business Transition
INTERNATIONAL BUSINESS TRANSITION Snapshot of globalisation progress over the last 6 years. 1 2 For personal use only Embedded global 200%+ increase in operations. REVENUE bookings out of the DIVERSIFICATION OVER USA for FY24. Assembly operations est. in USA & Chile, manufacturing est. in TIME1 Fund
Slide 9: Solutions Delivering Long-Term Value
SOLUTIONS DELIVERING LONG-TERM VALUE Creating relationships beyond solution sales, embedding ourselves to address evolving water management challenges For personal use only SOLUTION SALES1 RECURRENT SOFTWARE1 Revenue composition by financial year REVENUE – O&M1 9% 7% 9% Integrated hardware O&M Neuro
Slide 10: Well-Positioned to Deliver Material Operating Leverage as Pipeline Is Delivered
WELL-POSITIONED TO DELIVER MATERIAL OPERATING LEVERAGE AS PIPELINE IS DELIVERED For personal use only $100m • Rubicon’s operating model is set up to 50% $90m deliver strong operating leverage at scale given a relatively consistent $80m historical gross margin range of ~40- $70m 40% 50% and stable op
Slide 11: Growth Opportunity
For personal use only GROWTH OPPORTUNITY 11
Slide 12: Rubicon's Market Evolution
RUBICON’S MARKET EVOLUTION Historical sales - Australia vs USA market (A$m) For personal use only 80 Australia: early years characterised by technology development and small- Australia per year US per year Annual water price indicator scale implementations until the 70 Millennium Drought peaked, see
Slide 13: Project Pipeline
PROJECT PIPELINE For personal use only RWL - Pipeline Progress NEAR-TERM PROJECTS – BY SEGMENT 1,200 + 4% 1,000 - 7% 800 Aug-23 $'M 600 Jun-24 400 + 4% 200 - ANZ Asia Rest of World Early Engagement Funding/Solution Development Pricing/Tender/Contract DIVERSIFICATION OF NEAR-TERM PROJECT OPPORTUNITIE
Slide 14: Near-Term Summary & Characteristics
NEAR-TERM SUMMARY & CHARACTERISTICS Contracted works, recurring revenue and smaller projects For personal use only across all geographies budgeted in FY25 Global near-term Opportunities in the Countries with active Average opportunity pipeline near-term stage near-term amount opportunities $225M+ 31
Slide 15: Near-Term Global Projects
NEAR-TERM GLOBAL PROJECTS New project pipeline opportunities over the next ~12-18months. ($AUD) For personal use only C. ASIA $48.7M Avg. 8.1M 6 OPPORTUNITIES EMEA USA $35.2M $29.5M Avg. 370K Avg. 250K 94 PROJECTS 117 PROJECTS INDIA $96.9M Avg. 12.1M 8 PROJECTS LATAM AUS $13.3M APAC Avg. 280K $5.6M
Slide 16: Business Update and Outlook
BUSINESS UPDATE AND OUTLOOK 1 2 3 4 For personal use only Continue to generate Our partner in Italy has been Signed an MOU as part of Uniquely positioned to positive operating cash flows awarded a tender to deliver Company’s Chinese capitalise on growing for both the current financial $5.8 million i
Slide 17: Contact
For personal use only www.rubiconwater.com CONTACT Bruce Rodgerson Andrew Bendall CEO CFO Bruce.Rodgerson@rubiconwater.com Andrew.Bendall@rubiconwater.com © 2024 Rubicon Water. RUBICON logo and BayDrive, BladeMeter, BladeValve, CableDrive, FarmConnect, FerIT, FlumeGate, FlumeMeter, FormiPanel, Micro