Mader Group Ltd · ASX:MAD
Mader — Shareholder Meeting (October 2024)
27 slides from Mader's shareholder meeting presentation, Oct 11, 2024
Slide 1: Annual General Meeting
re: ro] MADER ANNUAL GENERAL MEETING MADER GROUP LIMITED | 11 OCTOBER 2024
Slide 2: CEO's Address
CEO’S ADDRESS JUSTIN NUICH
Slide 3: Who We Are
WHO WE ARE EQUIPMENT 9 65,4 See Anam = < FIXED a TRANSPORT INFRASTRUCTURE L——} & LOGISTICS D> Cc fo) o ) 7) 99 99 = 99 9 9%9 fo) 99 ® 9 9 O jek 5 Lo GLOBAL WORKFORCE SERVICE VEHICLES WIDE NETWORK SUPPORTED OPERATED IN } P K? (‘i 14
Slide 4: Organic growth and 10-year revenue CAGR
ORGANIC GROWTH REACHED 3,200+ EMPLOYEES EXPANDED INDUSTRY VERTICALS = 10 YEARCAGR Cc COMMISSIONED MADER MAINTENANCE CENTRE 2) $800 FOCUS ON STRATEGIC DIVERSIFICATION INTRODUCED TOOLS FOR LIFE PROGRAM OEY {usa} (ab) TRADE UP PROGRAM INTRODUCED ——.?>s_——— | CANADA $700 7) ENTERED CANADA use > s200 TE
Slide 5: Specialised workforce and safety
SPECIALISED WE LEAD THE MARKET IN DELIVERING SAFE AND HIGH- QUALITY EXPERTISE. OUR PURSUIT OF QUALITY IS BACKEDBY BREAKDOWN OF TEAM: 26% 20% Under sonal use only GEARED FOR SAFETY GEARED FOR SAFETY 20% 250r 26-30 31-35 36-40 41-50 51+ AGE OF WORKFORCE YEARS OF INVESTMENT IN OUR PEOPLE AND CULTURE. =
Slide 6: FY24 Financial Highlights
FY24 FINANCIAL HIGHLIGHTS TOTAL REVENUE $774.5M UP 27% FROM $608.8M PCP EBITDA $99.2M UP 32% FROM $75.1M PCP NPAT $50.4M UP 31% FROM $38.5M PCP NET DEBT $31.2M DOWN 27% FROM $42.7M PCP DIVIDENDS 7.8 CPs UP 34% FROM 5.8 CPS PCP EPS 25.2 ces UP 31% FROM 19.3 CPS PCP
Slide 7: Operational Review
OPERATIONAL REVIEW MADER GROUP LIMITED
Slide 8: Regional results: Australia, North America, Rest of World
AUSTRALIA 27% $72.5m VS $57.0m PCP 25% GROWTH VS PCP. 24% REVENUE GROWTH VS PCP 35% REVENUE GROWTH VS PCP COMMENCED TRADE 170+ UPGRADE PROGRAM IN FY24, AUSTRALIA NORTHA 34% GROWTH VS PCP OUTSTANDING GROWTH IN CANADA WITH SIGNIFICANT UNMET DEMAND Swe TARGETTING GAS COMPRESSION CUSTOMERS IN THE US $34
Slide 9: Looking Ahead
LOOKING AHEAD MADER GROUP LIMITED
Slide 10: Strategic Plan and NPAT targets
“Three years ago, the Board laid the foundation for our future as a publicly listed business, by setting our current Strategic Plan. This blueprint guides our growth and reinforces our commitment to creating continued returns for shareholders.” Justin Nuich Executive Director & CEO SET IN THE STRATE
Slide 11: Industry verticals: mines and projects
CULTURE RESOURCES & . EMPLOYEES ON MINERALS ¢ “ sol ., PROCESSING INFRASTRUCTURE ade! CRUSHERS, SCREENS, ADVENTURES 2.3B ROM CONVEYORS, STACKERS SITES ENGAGED IN FY24: 405+ . 75+ EXPERIENCES iv] TOTAL MINES & PROJECTS: 544 NON-PROCESSING a DELIVERED BY fe INFRASTRUCTURE Si2Uy WORKSHOPS, MINING CAMPS
Slide 12: Energy and transport & logistics markets
ENERGY MARKET ISESSENTIALTO ‘THE PRODUCTION AND TRANSPORTATION OF NATURAL GAS. {Ze oh PRODUCTION AT THE STORAGE & WELLHEAD DISTRIBUTION wil whe GAS PROCESSING TRANSPORTATION FACILITIES (PIPELINES) INTERSTATE PIPELINE ‘SUPPORT THE PIPELINE NETWORK, Source: ICF Resources INGAA Foundation, 2024, TRANSP
Slide 13: An Evolving Business
ANEVOLVING BUSINESS > © APROVEN TRACK RECORD OF ORGANICALLY REPLICATING OUR UNIQUE © BUSINESS MODEL ACROSS MULTIPLE INDUSTRY VERTICALS. ®o i) =) ———— WN HEAVY ROAD FIXED PLANT & RAIL ro TRANSPORT INFRASTRUCTURE TECHNICIANS fc TECHNICIANS TECHNICIANS (e) i) — oe Dp P= D Lt AUTO & HIGH VOLTAGE GAS COM
Slide 14: Multiple beachheads to target growth
MULTIPLE BEACHHEADS TO TARGET GROWTH ® 355+ Customers 2700+ Employees U 90+ Customers 450+ Employees For personal 7 Customers 50+ Employees 75% REVENUE Figures have been rounded — | 25
Slide 15: Just Getting Started
JUST GETTING STARTED EMERGING ANCILLARY POWERGEN INFRASTRUCTURE RESOURCES RAIL TRANSPORT ENERGY MARKETS SERVICES & MARINE MAINTENANCE g & LOGISTICS Or personal use c large addressable markets. aninternal stretch target linked to the Compa geted Annual Revenue of $1B+
Slide 16: Strategic Plan Progress
STRATEGIC PLAN PROGRESS “As we enter the final two years of our current five-year strategic plan, we are more determined than ever to = achieve the ambitious goals we set out three years ago.” Justin Nuich Executive Director & CEO NPAT TARGET: NPAT TARGET: NPAT TARGET: NPAT TARGET: NPAT TARGET: $24M
Slide 17: High Growth Agenda
HIGH GROWTH AGENDA REVENUE GUIDANCE FOR FY25 IS EXPECTED TO BE ATLEAST $870M, DELIVERING AN NPAT OF AT LEAST S57M ‘S) o 7) TARGETED > 10 YEAR CAGR PATHWAY TO GROWTHIN ro NET CASH NORTH AMERICA Cc anon $70 TARGETING NET CASH ASIGNIFICANT PILLAR IN OUR © $900 2 POSITION INTHE LONG-TERM GROWTH () __ $8
Slide 18: Investment Case
INVESTMENT CASE SHARE PRICE YTD MARKETCAP SHARES SHAREPRICE ee EN $1.08B_ 201.9M $5.35 X ATMARKET CLOSE ONISSUE ATMARKETCLOSE x 10 OCTOBER 2024 10 OCTOBER 2024 Pe? er # ve PP PP PP PP PS BOP SP PROVEN DISRUPTIVE UNIQUE SUSTAINABLE TRACK BUSINESS WORKPLACE GROWTH RECORD MODEL CULTURE PROSPECTS ADDRES
Slide 19: Appendices
APPENDICES MADER GROUP LIMITED
Slide 20: Financial Performance
FINANCIAL PERFORMANCE D> “Pr000 Fv23 FY24 HIGHLIGHTS REVENUE 608,793 774,472 GROSS PROFIT 135,851 161,987 GROUP REVENUE GROWTH STRONG REVENUE GROWTH (CONSOLIDATED) (NORTH AMERICA) GROSS MARGIN 22.3% 20.9% " Gl ° —d 27 %,. Pcp 34 %,. PCP EBITDA 75,094 99,231 EBITDAMARGIN 12.3% 12.8% NORTH AMERICA IMP
Slide 21: Financial Position
FINANCIAL POSITION ol) > “fs'000 JUN 23 JUN 24 CASH & CASH EQUIVALENTS 13,010 30,121 ‘THADE & OTHER RECEIVABLES 126,159 171,162 UJ PROPERTY, PLANT& EQUIPMENT 100,163 118,424 “INVESTMENTS &OTHERASSETS —_16,705 18,238 TOTAL ASSETS 256,036 337,945 oO — TRADE & OTHER PAYABLES 53,308 82,118 $AX LIABILITI
Slide 22: Cash Flow
CASH FLOW a Cc GROWTH CAPITAL EXPENDITURE WAS fo) laieieieiaieeineieieaieaiaaiaial ATTRIBUTED TO THE CONTINUED HIGHLIGHTS 1 871 EXPANSION OF MADER’S GLOBAL (ad) ! 7 SERVICE VEHICLE FLEET TO SUPPORT SOLID OPERATING CASH FLOWS 7) 1 36) THE GROWTH OF THE BUSINESS. © 1 | @) $68.7M _ 1 ef 1 FINAL FY23 AN
Slide 23: Our Services
OUR SERVICES OUR SELECTION OF SPECIALIST SERVICES ARE DESIGNED TO HELP CUSTOMERS MAKE LIGHT WORK OF HEAVY EQUIPMENT MAINTENANCE. METHOD OF CUSTOMER ENGAGEMENT CORE MECHANICAL SERVICES MOBILE PLANT MAINTENANCE TYPICALLY MULTI-YEAR RAPID RESPONSE TEAMS RECURRING WORK MASTER EXCAVATOR SUPPORT TEAMS DRI
Slide 24: Trade Upgrade Program
FUTURE OUR TRADE UPGRADE PROGRAM AIMS TO BRIDGE THE SKILLS ssee 268 GAP. THROUGH THIS INITIATIVE, WE WORK CLOSELY WITH OUR ACTIVE SS INDUSTRY PARTNERS TO FEED QUALITY TRADESPEOPLE INTO INFY24 —} MINING ACROSS WESTERN AUSTRALIA, QUEENSLAND, NEW [ souTHWALES AND CANADA. WE ARE PROUD TO HAVE INDUCTED A
Slide 25: Tools for Life
FOR LIFE AIMS TO EQUIP INDIVIDUALS AND COMMUNITIES WITH THE TOOLS THEY NEED TO BUILD ABETTER FUTURE AND SUCCEED IN LIFE. WITH AFOCUS ON , WE ARE PROUD TO BE ENCOURAGING THE FUTURE GENERATION TO IDENTIFY AVAILABLE PATHWAYS AND BUILD SUSTAINABLE CAREERS WITHIN THE INDUSTRY. MADER (GOLDFIELDS r e EOE G
Slide 26: Glossary
GLOSSARY CAGR COMPOUNDING ANNUAL GROWTH RATE TRIFR TOTAL RECORDABLE INJURY FREQUENCY RATE PER ONE MILLION HOURS WORKED HVELECTRICIAN HIGH VOLTAGE ELECTRICIAN LVMECHANIC LIGHT VEHICLE MECHANIC HRT MECHANIC HEAVY ROAD TRANSPORT MECHANIC Pcp THE PRIOR CORRESPONDING PERIOD, BEING FY23 EBITDA EARNINGS BE
Slide 27: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER is presentation, the terms “Mader”, “Mader Group” end the “Company refer to Mader Group Limited (ACN 159 340 397) and, except where the context otherwise requires, its subsidiaries. This presentation has been prepared solely for the purpose réviding potential investors