Slide 1: Results Presentation
RESULTS PRESENTATION 1
Slide 2: We are a diversified industrial services company
We are a diversified We bring an engineering The most sought-after industrial services mindset to deliver diversified industrial company critical services for services business major industry 2
Slide 3: Profile: Services, Segments, Ownership Structure
PROFILE SERVICES COMPANY 3,300 20+ OPERATING SEGMENTS Asset Maintenance People Industries Mining Services Engineering & Construction 100+ 5 Sites Countries OWNERSHIP STRUCTURE 11% Management / Board $1b+ 400 53% Institutional Revenue Market Cap ($m) 3
Slide 4: Executive Summary: Record Financial Result
EXECUTIVE Record Financial Returns to Result Shareholders FY23 EBITDA* of $80.1m up 40% on FY22 EPS(A)* of 6.7cps up 34% on FY22 EBIT(A)* of $50m up 46% on FY22 Fully franked dividend of 4.0cps up 33% on FY22 Winning and Strong Growth Executing Outlook Record Work in Hand of $1.9b, up 46% on FY22 FY
Slide 5: FY23 Financial Performance
FY23 FINANCIAL PERFORMANCE EBITDA EPS (A) 90 8.0 34% 40% YOY Revenue 7.0 YOY 80 (AUD millions) 6.0 cents per share 51% YOY 5.0 26% 4.0 70 109% YOY 3.0 YOY 22% $809m YOY 2.0 60 1.0 61% YOY 0.0 50 $ Millions FY21 FY22 FY23 40 EBITDA Dividend 4.5 30 Cash Conversion 4.0 33% YOY 3.5 50% 20 FY23 cents per
Slide 6: Leading: Most Sought-After Diversified Industrial Services Business
LING Ws MOST SOUGHT-AFTER DIVERSIFIED INDUSTRIAL SERVICES BUSINESS LEADERSHIP HORIZON v Zero Harm / ESG industry leader and recognised employer / partner of choice wv Domestic / International growth in Engineered Products across all SRG operating segments wv Selective strategic acquisitions to compl
Slide 7: Track Record of Acquisition Success
TRACK RECORD OF Asset Care Formerly ALS Industrial Integration well progressed with very positive client feedback Infrastructure Formerly WBHO Infrastructure Successfully integrated and exceeding expectations Engineered Products Acquired Bartek Systems Significantly expands product range and supply
Slide 8: Strategic Transformation
STRATEGIC TRANSFORMATION Diversified Industrial Services Business Annuity / Recurring Earnings Profile Exposure to Diverse Sectors and Geographies Opportunity Pipeline of $6.5b Record Work in Hand Work in Hand (WIH) of $1.9b, 46% from FY22 8
Slide 9: Underpinned by Our Values
B/O)ala!|e 3 > Live for the challenge » Smarter together > Never give up > Have each other’s backs
Slide 10: Environment
ENVIRONMENT Environmental Initiatives Local tree planting, new manufacturing facility powered by renewable energy, solar panels on temporary site offices and effective utilisation of SRG Global’s fleet via telematics Socially Responsible Procurement Alternative materials to reduce environmental impa
Slide 11: Social
SOCIAL Local and Indigenous Employment Bugarrba Joint Venture, SRG Global Reconciliation Action Plan (RAP), Traineeship Programs, NAIDOC initiatives, Clontarf Foundation Partnership and Shooting Stars female empowerment program Social Partnerships Supporting causes aligned to our values including Pe
Slide 12: Governance
GOVERNANCE Zero Harm Leadership Developing leaders in our organisation through initiatives including Leading@SRGGlobal, Workplace Psychosocial Front Line Management Training and continued focus on Critical Risk Activity Management Effective Risk Management Ongoing refinement of our risk management f
Slide 13: Financial Review
AINANGCIAE REVIEW
Slide 14: FY24 EBITDA guidance of circa 20% growth
SRG Global delivers above market financial performance FY22 FY23 CHANGE Revenue $644.2m $809.0m ▲ 26% Continuing to convert opportunity EBITDA $57.2m $80.1m ▲ 40% pipeline with blue chip clients EBIT(A) $34.2m $50.0m ▲ 46% Strong business fundamentals provide NPAT(A) $22.4m $31.8m ▲ 42% platform for
Slide 15: Segment Results ($m)
SEGMENT RESULTS ($m) ENGINEERING & TOTAL ASSET MAINTENANCE MINING SERVICES CORPORATE CONSTRUCTION Revenue 809.0 302.3 140.4 366.4 - EBITDA 80.1 35.8 29.5 31.8 (17.0) EBIT(A) 50.0 20.7 21.6 23.5 (15.8) Revenue 26% Asset Maintenance Mining Services delivered Engineering & Construction Corporate overhe
Slide 16: Operating cashflow before interest and tax of $49.9m
Continued strong focus on working capital management delivering Normal sustaining capital spend and growth Acquisition of Asset Care business partially operating cashflow before interest and tax of $49.9m capital investment for term contracts secured funded by share issuance Lease payments which are
Slide 17: Balance Sheet ($m)
BALANCE SHEET ($m) Available liquidity of $143.8m, comprising of cash on hand of $47.7m and FY23 available undrawn working capital and equipment finance facilities of $96.1m Cash and cash equivalents 47.7 Trade, other receivables & contract assets 199.5 Net debt of $17.0m, representing a gearing rat
Slide 18: Operating Segments
OPERATING SEGMENTS 18
Slide 19: Our Geographic Footprint
OUR GEOGRAPHIC FOOTPRINT North West Civil Infrastructure Mining Services Monitoring & Testing Specialist Maintenance North Queensland Mining Services Monitoring & Testing Specialist Maintenance Gladstone Civil Infrastructure Monitoring & Testing Specialist Maintenance North Island Brisbane Engineere
Slide 20: Asset Maintenance
ASSET MAINTENANCE WHAT WE DO CORE SERVICES Integrated multi-disciplinary maintenance, • Specialist Maintenance access solutions, asset repair and protection • Access Solutions services that sustain and extend critical • Asset Monitoring and Testing industries and infrastructures EARNINGS Annuity / R
Slide 21: Asset Maintenance
ASSET MAINTENANCE Long-term contracts secured Term contracts with Meridian Energy, Genesis Energy, Alcoa, Rio Tinto, FMG, Albemarle, Fremantle Ports & Transport VIC Geographic expansion Across Queensland, South Australia, New South Wales and New Zealand Bugarrba JV well established Aboriginal joint
Slide 22: Mining Services
MINING SERVICES WHAT WE DO CORE SERVICES The critical drill and blast, performance • Production Drill and Blast analytics software and ground stabilisation • Geotechnical Services services that keep mine production moving. EARNINGS Annuity / Recurring 22 22
Slide 23: Mining Services
MINING SERVICES Multiple Northern Star Contract wins Supporting Northern Star’s operations at the Kalgoorlie Super Pit, Thunderbox Carosue Dam, KCGM and Bronzewing gold operations Orbix data intelligence software Our in-house developed analytics software ‘Orbix’ continues to be enhanced to maximise
Slide 24: Engineering & Construction
ENGINEERING & CONSTRUCTION WHAT WE DO CORE SERVICES Specialist engineering and construction of • Civil Infrastructure critical infrastructure focused on dams, • Specialist Building bridges, tanks, wind farms, engineered • Engineered Products facades and mine infrastructure across a diverse range of
Slide 25: Engineering & Construction
ENGINEERING & CONSTRUCTION Project wins in Civil Infrastructure Contract awards through long standing relationships with blue-chip clients in the private and government sectors Market leader in Specialist Facades Strategy of winning work with repeat clients demonstrated through contract awards on ic
Slide 26: Our Outlook
SRG OUR OUTLOOK
Slide 27: Leading: Most Sought-After Diversified Industrial Services Business
LING Ws MOST SOUGHT-AFTER DIVERSIFIED INDUSTRIAL SERVICES BUSINESS LEADERSHIP HORIZON v Zero Harm / ESG industry leader and recognised employer / partner of choice wv Domestic / International growth in Engineered Products across all SRG operating segments wv Selective strategic acquisitions to compl
Slide 28: Continued Growth: Work in Hand and Opportunity Pipeline
CONTINUED GROWTH WORK IN HAND OPPORTUNITY PIPELINE 33% 40% $1.9b 50% $6.5b 45% 30 June 2023 30 June 2023 17% 15% Engineering & Construction Asset Maintenance Mining Services 28
Slide 29: Outlook
OUTLOOK Operating segment performance… …driving positive momentum Asset Maintenance Delivering step change growth in diverse sectors with blue-chip clients FY24 guidance of circa 20% EBITDA growth Mining Services Strength / diversity of business provides ongoing Operating in high demand, high qualit
Slide 30: Investment
INVESTMENT End-to-end Diverse Highly scalable asset lifecycle market sectors / business capability geographies model Annuity Capital light High yield earnings investment dividend profile profile stock 30
Slide 31: SRG Global
SRG GLOBAL srgglobal.com.au 31
Slide 32: Reconciliation of Profit before Tax to EBITDA and NPAT(A)
FY22 FY23 Profit before tax 27.0 35.9 Finance costs 2.6 4.3 Amortisation of acquired intangibles 3.6 3.3 Costs associated with exiting the PT businesses in Australia and the Middle East - 2.0 Acquisition and integration costs 1.0 4.5 EBIT (A)1 34.2 50.0 Depreciation 23.1 29.5 Amortisation 0.0 0.6 EB
Slide 33: Disclaimer
DISCLAIMER This presentation has been prepared by SRG Global Limited (ABN 81 104 662 259) (SRG). By accessing this presentation you acknowledge that you have read and understood the following statement This presentation contains general summary information about SRG. The information, opinions or con