Slide 1: AVADA Group Limited H1 FY25 Results
AVADA GROUP LIMITED H1 FY25 RESULTS 24 FEBRUARY 2025
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This document dated 24 February 2025 has been prepared by AVADA Group Limited (ACN 648 988 783) (the Company) and is provided for information purposes only. It contains summary information about the Company and its activities and is current as at the date of this docu
Slide 3: Agenda
AGENDA OVERVIEW FINANCIALS BUSINESS UPDATE APPENDIX AVADA Group Limited – H1 FY2025 3
Slide 4: Overview
01 OVERVIEW
Slide 5: H1 FY25 at a Glance
H1 FY25 AT A GLANCE REVENUE UNDERLYING UNDERLYING DECREASED 10% GROSS MARGIN (1) EBITDA (1) $91.1m 21.6% $6.2m (H1 FY24: $101.3m) (H1 FY24: 22.8%) (H1 FY24: $9.3M) Challenging economic and Ongoing operational Statutory loss of $9.6m reflects market conditions impacting a consolidation under the AVAD
Slide 6: Our Depots
We continue to strengthen our client base across core industries OUR DEPOTS Infrastructure Maintenance Government Civil construction Energy Local Government Roads and highways Water State Government Upgrades Repair and upgrades Federally funded AVADA Group Limited – H1 FY2025 6
Slide 7: Financials
02 FINANCIALS
Slide 8: Financial Performance
FINANCIAL \ PERFORMANCE • Challenging market conditions have depressed revenue although gross margins remain within range. • Internal focus in H1 FY25 has been on embedding operational consolidation, improving data and reporting analytics to drive efficiencies and performance. • Strong cost control
Slide 9: Balance Sheet
BALANCE SHEET • $9.6m reduction in the net assets position has been predominantly driven by the impairment of the NZ business. • Cash position reflects the impact of lower revenues in the period and the timing of net tax payments. • Net financial debt has decreased as the group funded the purchase o
Slide 10: Business Update
03 BUSINESS UPDATE
Slide 11: Operating Update
OPERATING UPDATE H1 FY25 presented multiple industry challenges: • Government funding reallocations have delayed project Despite a range of commencements and maintenance work, impacting the current challenges, Group’s revenue timelines. AVADA is focussed on • Union activity continues to pose a chall
Slide 12: Operating Update
OPERATING UPDATE In response, the Group has focussed on execution of its strategy of strengthening its market proposition to maximise opportunities for H2 FY25 and beyond: • Consolidation into the single operating structure and brand, AVADA Despite a range of Traffic, with an emphasis on national cl
Slide 13: Outlook
OUTLOOK • Early signs for H2 FY25 show positive momentum for improvement in revenue performance. • Postponed government projects are expected to resume, and maintenance projects and civil services pipelines remain strong. Union activity will remain a challenge in the Victorian market. In a $2 billio
Slide 14: Appendix
04 APPENDIX
Slide 15: Underlying Earnings
UNDERLYING EARNINGS • Non-recurring and non-operational transaction expense adjustments include costs associated with M&A activity, restructuring and systems implementation. • Contingent consideration adjustment relates to the gain recognised with the remeasurement of the liabilities associated with
Slide 16: Contact Us
Contact Us AVADA Group Limited ABN 57 648 988 783 Suite 1, Level 2, 116 Ipswich Road Woolloongabba QLD 4102 T 1300 321 995 E contact@avadagroup.com.au avadagroup.com.au