Slide 1: Full Year Presentation October 2018
For personal use only Full Year Presentation October 2018 STRATEGIC ENGAGEMENT, UNLOCKING OUR POTENTIAL
Slide 2: About Civmec
About Civmec For personal use only Australian-based, integrated multi-disciplinary heavy engineering, construction and maintenance services provider to a range of industries including: 2
Slide 3: Core Capabilities
Core Capabilities For personal use only Heavy Engineering Modularisation SMP & E&I Insulation & Piping Maintenance Offshore Logistics Access Solutions Refractory 3 Site Civil Works Precast Engineering Shipbuilding Registered Training Organisation
Slide 4: Evolution of the Henderson Facility
Evolution of the Henderson Facility For personal use only 4 Green = new facilities currently under construction, for completion Q4 2019
Slide 5: Our Recent History
Our Recent History For personal use only 2009 2017 Acquired land at 2011 Construction begins on 60m (H), Awarded major modularisation 2013 the AMC New facility in 53,000m2 gross floor facility with 400T and fabrication package for BHP lifting capacity Darwin Billiton – 24,000T 2016 2012 Acquired 23-
Slide 6: Corporate Overview
Corporate Overview Capital Structure Shareholder Breakdown For personal use only ASX (CVL) Shares on Issue (across ASX and SGX) 501m Market Capitalisation (at A$0.58) A$290.6m Founding Partners 1 Net Assets S$188m 21% Comprising: Cash S$24m 48% 39% 39% 40.0% Civmec Management Staff Debt (S$109m) Wor
Slide 7: Our People and Projects
For personal use only Our People and Projects 7
Slide 8: FY Operational Highlights
FY 18 Operational Highlights For personal use only • Total value of projects in delivery during FY18 of S$1.8b • Awarded the Royal Australian Navy’s Offshore Patrol Vessel contract • Awarded and completed the Matagarup Bridge in Western Australia • Strengthened specialised maintenance service offeri
Slide 9: Project Locations
For personal use only 9 Project Locations
Slide 10: Major Projects 2018
Major Projects 2018 For personal use only OFFSHORE PATROL VESSELS GRUYERE GOLD PROJECT • Supply and processing of steel • Engineering, Procurement and for all 12 Offshore Patrol Vessels. Construction (EPC) contract for the Fabrication and construction for Gruyere Gold Project, Located 10 Offshore Pa
Slide 11: Major Projects 2018
Major Projects 2018 For personal use only AMRUN PROJECT (two contracts) Gorgon LNG Project • Supply of stacker and tripper, • Throughout the project the supply of reclaimer and ship loader. 28,000T site wide structural steel, pipe spools, Subsea Pig • Supply, fabrication, surface treatment, Launcher
Slide 12: Past Major Projects
Past Major Projects For personal use only Jimblebar Expansion Project Perth Stadium Yandicoogina Sustaining Project Matagarup Bridge Prelude FLNG Project Wheatstone LNG Project 12
Slide 13: Henderson Facility (Western Australia)
Henderson Facility (Western Australia) For personal use only • Largest heavy engineering facility in Australia • Waterfront location in the Australian Marine Complex, provides access to shared infrastructure such as floating dock and load-out wharves • Highly productive skilled workforce (self-perfo
Slide 14: Newcastle Development
Newcastle Development For personal use only Planned Future Development • One of the largest capacity fabrication and precast facilities on the East Coast • Predominately focused on supply packages • Facilities under further development to increase capacity and output (staged expansion) • Output capa
Slide 15: Safety, Systems & People
Safety, Systems & People For personal use only • Strong leadership and safety culture through our Never Assume initiative, a behavioural based initiative • Robust business control/tracking system - CIVTRAC • Created employment opportunities for 3,500 people, including direct employment for more than
Slide 16: Financial Performance
For personal use only Financial Performance 16
Slide 17: Strong Revenue and Earnings Growth
Strong Revenue and Earnings Growth For personal use only FY18 Highlights S$’000 FY2018 FY2017 • Revenue of S$738.7m, being Civmec’s highest financial year revenue in its history Sales Revenue 738.7 346.0 • NPAT margin increase EBITDA 49.0 22.9 • S$800m of contracts awarded or extended during FY18 EB
Slide 18: Revenue Breakdown
Revenue Breakdown For personal use only FY18 Revenue by Sector FY18 Revenue by Location $4m Infrastructure $77m $143m WA $97m NT Metals and Minerals $144m $451m QLD Oil and Gas $124m $436m NSW SA 18
Slide 19: Strategy Delivering Results
Strategy Delivering Results For personal use only REVENUE & NPAT Sustained stable growth 300,000 7.0% 250,000 6.0% • Steady growth during FY18 with 5.0% 200,000 4.0% delivery of key projects including the 150,000 3.0% Northern Gas Pipeline, Matagarup 100,000 2.0% Bridge and Altura Lithium Plant 50,0
Slide 20: Sector Outlook and Future Strategy
For personal use only Sector Outlook and Future Strategy 20
Slide 21: Sector Outlook – Oil & Gas
Sector Outlook – Oil & Gas For personal use only • Increased expenditure is expected in the medium term for the development and expansion of existing LNG plants and associated infrastructure across Western Australia, Northern Territory and the East-coast • Well established as a quality provider of f
Slide 22: Sector Outlook Metals & Minerals
Sector Outlook Metals & Minerals For personal use only • Strong blue chip client base • Major clients all have extensive expansion/sustaining capital and maintenance opportunities • Many new client opportunities particularly in the lithium and battery related metals • Strengthen EPC and vertical pac
Slide 23: Sector Outlook - Infrastructure
Sector Outlook - Infrastructure • Predominately around supply of fabricated and precast For personal use only elements from WA and NSW facilities • Significant Federal and State government investment is expected to continue on various East Coast road and rail infrastructure projects over the next de
Slide 24: Sector Outlook Marine & Defence
Sector Outlook Marine & Defence For personal use only • Investment in new state-of-the-art world class shipbuilding and maintenance facilities– capex approximately A$80m, construction on schedule to be complete late 2019 • Australian Naval Shipbuilding plan designates the Australian Marine Complex i
Slide 25: Future Strategy
Future Strategy For personal use only Civmec is delivering on its comprehensive strategy to Capital Expenditure Pipeline diversify services and penetrate into new markets • The new shipbuilding facility will be large enough to house complete Air Warfare Destroyers or Frigates and Offshore Patrol Ves
Slide 26: Thank you
For personal use only Thank you Pat Tallon Justine Campbell Chief Executive Officer Chief Financial Officer Pat@Civmec.com.au Justine.Campbell@Civmec.com.au 0407 559 947 0447 128 794