Slide 1: Investor Presentation FY20
Investor Presentation FY20 For personal use only
Slide 2: Corporate Profile
Corporate Profile For personal use only Share Price Performance – FY20 Capital Structure $1.20 3.5 Shares on issue m 153.65 $1.00 3.0 2.5 Share price (GNG.ASX) (Aug 2020) $ 0.96 $0.80 2.0 Market Capitalisation $m 147.5 $0.60 1.5 $0.40 Cash (30 June 2020) $m 37.5 1.0 $0.20 0.5 Debt (30 June 2020) $m
Slide 3: Our Strategy
Our Strategy For personal use only Growing to increase the Company’s diversity and strength Facilitate larger projects and minimise vulnerability to changing market conditions Extend Strategic Larger Geographical Alliances and Projects Presence Investments Strong Extend Client and Diversify Acquisit
Slide 4: Capabilities
Capabilities For personal use only GR Engineering Selected Clients Process engineering design and construction contractor servicing the mining and minerals processing industry Specialising in EPC / EPCM project delivery to provide project outcomes with secure cost, time, plant performance and co
Slide 5: Results Summary
FY20 Results Summary For personal use only Earnings Balance Sheet & Cash Flow Revenue Cash $40m $250m $200m $30m $150m $20m FY20 FY19 FY20 FY19 $100m 37.5 31.4 222.4 182.3 $10m $50m $0m $0m EBITDA Net Operating Cash Flow Underlying $30m $15m EBITDA* $25m $10m $20m FY20 $15m FY19 $5m FY19 11.3 9.9 $1
Slide 6: Results
FY20 Results For personal use only During FY20, GR Engineering increased revenue by 22.0% to $222.4 million. The solid underlying EBITDA contribution of $11.3 million was the result of a strong second half performance. GR Engineering recorded an underlying EBITDA contribution of $9.3 million in
Slide 7: Summary – Mineral Processing
FY20 Summary – Mineral Processing For personal use only Practical completion achieved: - OZ Minerals Limited’s Carapateena Northern Wellfield Water Supply Project in South Australia - Kirkland Lake Gold Limited’s Fosterville Paste Plant Project in Victoria New and ongoing projects include: Salt
Slide 8: Summary – Mineral Processing
FY20 Summary – Mineral Processing For personal use only GR Engineering’s pipeline of work opportunities includes: Galena Mining Ltd Abra Base Metals Project $74.0m Australia Geopacific Resources Ltd Woodlark Gold Project $92.4m PNG EcoGraf (Australia) Ltd WA Battery Graphite Manufacturing Facility
Slide 9: Summary – Oil & Gas
FY20 Summary – Oil & Gas For personal use only GR Engineering’s wholly owned subsidiary, Upstream Production Solutions Pty Ltd (Upstream), generates longer term operations and maintenance services revenue which results in baseline revenue alongside project based design and construction work. Dur
Slide 10: Balance Sheet
Balance Sheet For personal use only Strong balance sheet maintained at 30 June 2020 Cash: $37.5 million (30 June 2019: $31.4 million) Listed investments: $5.3 million Significant headroom on project facilities: • Bank guarantee facility: $70 million • Insurance bond facility: $60 million N
Slide 11: FY21 Outlook
FY21 Outlook For personal use only Since 1 June 2020, GR Engineering has increased its order book by $170 million. As the consolidated entity moves into FY21, GR Engineering has a strong order book dominated by Australian projects. The consolidated entity expects revenue for FY21 to be in the ra
Slide 12: Contact Details
Contact Details Australian Office Details GR Engineering Services Ltd For personal use only 71 Daly Street Building 3, Level 3, Geoff Jones Ascot WA 6104 Kings Row Office Park 42 McDougall Street Managing Director PO Box 258 Milton QLD 4064 Belmont WA 6984 +61 8 6272 6000 +61 7 3838 8000 +61
Slide 13: Disclaimer
Disclaimer For personal use only RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL This presentation may contain Information that has been Nothing in this presentation should be construed as INFORMATION derived from publicly available sources that have not
Slide 14: GRES Locations
For personal use only GRES Locations