Mastermyne Group Limited · ASX:MYE
Mastermyne — Metarock Group — FY2024 Earnings Presentation
13 slides from Mastermyne's earnings presentation, August 2024
Slide 1: FY2024 Full Year Results
FY2024 FULL YEAR RESULTS Metarock Group Limited (ABN 96 142 490 579) Jon Romcke, Executive Chairman Jeff Whiteman, Managing Director & Chief Executive Officer August 2024
Slide 2: FY2024 Full Year Highlights
FY2024 Full Year Highlights TURNAROUND Successful conclusion of the Group’s turnaround plan delivering a record profit of $39.6m PLAN SUCCESSFULLY The combination of the return to well performing, profitable operations, the sale of PYBAR CONCLUDED IN on 31 May 2024, based on an Enterprise Value of $
Slide 3: FY2024 Financial Overview
FY2024 FINANCIAL OVERVIEW FINANCIAL HIGHLIGHTS RECORD FINANCIAL OUTCOMES $31.8m EBITDA FROM CONTINUING OPERATIONS › Revenue from continuing operations: $294m, with underlying growth1 of $27m (10%) › EBITDA2 from continuing operations: $31.8m, up $42.5m $114M IMPROVEMENT IN › EBITA3 from continuing o
Slide 4: Earnings
Earnings Record earnings underpinned by focus on profitable core business and successful PYBAR sale process $ Millions FY2024 FY2023 Movement Continuing Operations Revenue 294.1 326.8 (32.6) Other Income 4.7 4.2 0.5 EBITDA 31.8 (10.7) 42.5 EBITDA Margin (%) 10.8% (3.3%) Depreciation (9.4) (10.5) 1.1
Slide 5: Cash Flow
Cash Flow Strong Operating Cash Flow bolstered by proceeds from sale of PYBAR and equipment facilitating material debt repayment $ Millions FY2024 FY2023 EBITDA – Continuing Operations 31.8 (10.7) EBITDA – Discontinued Operations 22.7 (23.5) EBITDA - Total Group 54.4 (34.2) Movements in Working Capi
Slide 6: Balance Sheet
Balance Sheet Substantial debt reduction completes the recapitalisation commenced in FY2023 which included $25m strategic equity investment by M Resources $ Millions FY2024 FY2023 Cash and Cash Equivalents 26.0 12.9 Borrowings (2.0) (56.1) Liabilities directly associated with assets classified as (2
Slide 7: Mastermyne's specialist underground mining capabilities
Mastermyne’s specialist underground mining capabilities Proven expertise across the underground coal mining value chain utilising three well recognised brands › Coal Mine Services: › Market leading, specialist polymeric products and services FY23 PYBAR Contribution and Mine Operations Ramp Up › Mine
Slide 8: Continuing Operations - Mastermyne
Continuing Operations - Mastermyne Proven performance underpinned by focus on core capabilities › Mastermyne delivered a vastly improved result in FY2024 with an EBITDA margin of 10.8% $294m (FY2023: $327m) underpinned strong operational performance on the continuing project portfolio and having exi
Slide 9: Discontinued Operations - Sale of PYBAR
Discontinued Operations - Sale of PYBAR Exit from legacy contracts and improved operational performance enabled favourable sale process outcome $ Millions FY2024 FY2023 Movement › PYBAR sale completed on 31 May 2024 Revenue 169.9 187.4 (17.5) EBITDA 22.7 13.9 8.8 › Based on Enterprise Value of $65m
Slide 10: Safety and Sustainability
Safety and Sustainability Elevating Safety Performance combined with renewed focus on social and governance responsibilities Safety Environmental › Elevating Safety Performance continues to be a priority › Developing an environmental roadmap integrated with our project focused on: risk management pr
Slide 11: FY2025 Priorities and Outlook
FY2025 Priorities and Outlook Metarock well positioned despite competitive market pressures FY2025 Priorities Outlook › Metarock now has a solid foundation for pursuing growth within › Order book1 $280m (FY2023: $269m) its core capabilities and potentially diversifying into adjacent activities › Key
Slide 12: Disclaimer
Disclaimer The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other use of this presentation or any information c
Slide 13: FY2024 Results Presentation
FY2024 RESULTS PRESENTATION