Rubicon Water Limited · ASX:RWL
Rubicon Water — H1 FY2023 Earnings Presentation
19 slides from Rubicon Water's earnings presentation, Feb 23, 2023
Slide 1: 1H FY23 Results Presentation
©) Karnataka, India 4 RUBICON" 1H FY23 Results Presentation 23 February 2023 ASX:RWL
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Rubicon Water Limited (Company) to provide summary information about the Company and its associated entities which carry on the business of designing and manufacturing respiratory protection equipment as at the date of this prese
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 or provision of this presentation and there is no statement in this presentation which is based on any statement made by any of the Advisers. To the maximum extentpe
Slide 4: Rubicon Water
RUBICON WATER DELIVERING VALUE TO GOVERNMENTS, WATER MANAGERS AND FARMERS
Slide 5: Overview
OVERVIEW 1H FY23 result (Revenue $27m, Underlying EBITDA loss $4.2m). Materially impacted by contracting and payment delays with single Indian customer. Continued investment in key market ‘on the ground’ resources, which sets the foundation for future growth! ° (x Positive operating cashflow expecte
Slide 6: Case Study - KBJNL
CASE STUDY - KBJNL “The new system with the integrated technology will help to bring 400,000 Approximately 200,000 people in attendance hectares under irrigation – promoting and millions around the nation watched as the capability to grow more crops per Honourable Prime Minister, Narendra Modi, inau
Slide 7: FY23 Half-Year Results
Mantua, Italy FY23 HALF-YEAR RESULTS
Slide 8: 1H FY23 Results
1H FY23 RESULTS Underlying EBITDA loss of $4.2m. Forecast FY23 Underlying EBITDA remains unchanged at $12m. On lower volumes, we have seen headwinds on our GM% due to a fixed nature of a portion of our cost of goods sold. GM% down 7% (ty versus pcp as a result. As we move into 2H FY23, with increasi
Slide 9: 1H FY23 Revenue Performance
1H FY23 REVENUE PERFORMANCE ANZ 9.4 11.1 Hardware 20.7 25.7 Asia 5.1 8.5 Software & Support 3.6 3.3 ROW 12.7 12.4 Other Components & Support 2.9 3.0 Total ANZ down $1.7m (-16%) to $9.4m: . Australia's south-east was impacted by floods in Q2, which hampered both capital works and maintenance programs
Slide 10: Cash Flow Statement Highlights
CASH FLOW STATEMENT HIGHLIGHTS CASH FLOW FROM OPERATIONS IMPACTED BY: Delays in Asia contract awards impacted holdings of long lead-time componentry. Inventory investment of $3m in 1H FY23. CASH FLOW FROM INVESTING Capital program — continued investmentin software development. pcp includes establish
Slide 11: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS Business maintains a significant total asset base of $127m & net assets of $70.5m 1H FY23 saw $3m investment in inventory over the period — is essential to deliver on FY23 forecast. Expect to see a meaningful reduction in holdings in 2H FY23. As at Dec 2022, HSBC facility li
Slide 12: Business Opportunity
BUSINESS OPPORTUNITY
Slide 13: Growing Global Water Crisis
Growing Global Water Crisis Demand for solutions to address water stress continue to consume headlines, worldwide RUBICON” Africa's longest river - The Nile - is under threat. It's essential for millions of people, including in Sudan. ause? Venice’ Is the Aral Sea @ Lost fe threatening the lives of
Slide 14: RWL – Pipeline Progress Near-Term Projects – By Segment
RWL – PIPELINE PROGRESS NEAR-TERM PROJECTS – BY SEGMENT 1,200 1,000 800 Aug-22 $'M 600 Feb-23 400 +13% 200 - Early Engagement Funding/Solution Development Pricing/Tender/Contract ANZ Asia Rest of World
Slide 15: District Software Customers
District software customers New customers (past 17 months) Legacy customers adopting new platform Cloud deployments
Slide 16: Coleambally, Australia
‘ = .°] Coleambally, Australia RUBICON CASE STUDY
Slide 17: Case Study - Sunwater
CASE STUDY - SUNWATER Recently-completed infrastructure modernisation and water efficiency The Far North Queensland project will works will create new annual water enhance water delivery to more than 17,000 ha of farmland. allocations for sale to support an increase in high-value crop production Com
Slide 18: Summary
SUMMARY
Slide 19: Contact
4, RUBICON" CONTACT Bruce Rodgerson Jason York CEO CFO Bruce.Rodgerson@rubiconwater.com —Jason.York@rubiconwater.com © 2022 Rubicon Water. RUBICON logo and BayDrive, BladeMeter, BladeValve, CableDrive, FarmConnect, FerlT, FlumeGate, FlumeMeter, FormiPanel, MicronLevel, NeuroFlo, PikoGate, PikoMeter,