Mader Group Ltd · ASX:MAD
Mader — Shareholder Meeting (November 2020)
22 slides from Mader's shareholder meeting presentation, Nov 26, 2020
Slide 1: Annual General Meeting
re: 2 MADER Annual General Meeting MADER GROUP LIMITED | 26 NOVEMBER 2020
Slide 2: CEO's Address
CEO's Address
Slide 3: Track record of sustained organic growth and operational performance
We are proud of our track record of sustained organic growth and strong operational performance over the past 15 years. Mader Group has achieved several significant milestones during the period, including a successful initial public offering on the Australian Securities Exchange in October last year
Slide 4: Board of directors
Over 45 years’ experience in the Founder of Mader Group. Bachelor of Commerce, CPA A venture capital investor in Over 20 years’ experience in the resources sector. Former MD of Trade qualified with 20 and a Graduate Diploma in emerging companies, mining, oil & gas industries. MBA WesTrac, Director o
Slide 5: FY2020 Highlights
FY2020 Highlights MADER GROUP LIMITED
Slide 6: Award recognition and FY2020 highlights
AWARD RECOGNITION FY2018 FY2019 FY2020 Australia Rest of world USA From FY2019 Paid 17 Mar 2020 Paid 17 Sept 2020 1. Includes income tax effected adjustments for One-off Offer Costs and the impact of AASB16; refer to reconciliation on Financial Notes slide in Appendices. FY2019 FY2020 FY2021 (Q1)
Slide 7: Safety performance: TRIFR and LTIFR
7 6 5 4 3 2 1 0 Dec-18 Jun-19 Dec-19 Jun-20 Oct-20 TRIFR LTIFR TRIFR: Total recordable injury frequency rate LTIFR: Lost time injury frequency rate
Slide 8: Operations and Results
Operations and Results MADER GROUP LIMITED
Slide 9: Overview of Operations
Overview of Operations Revenue by region Revenue by commodity FY19 Revenue by commodity Rest of World $128M
Slide 10: Australia: FY2020 revenue of $246.5m, up 23%
FY2020 revenue of $246.5m, up 23% from FY2019 Ancillary and complementary services returned year on year revenue growth of 41% in Western Australia Q1 FY2021 revenue in Australia was up 5% vs PCP From FY2019 High levels of customer demand continue to deliver strong revenue in all regions in
Slide 11: USA: start-up returned higher than forecast revenue
Fully organic start up returned higher than forecast revenue of $AU14m in FY2020 USA operations profitable with scale benefits continuing month on month FY2020 average quarterly revenue growth of 60% Q1 FY2021 revenue of $AU5.4m in USA, up 200% vs PCP and an 8% increase quarter on quarter (1
Slide 12: Rest of World: revenue declined by 52% due to COVID-19
Revenue declined by 52% in FY2020, largely as a result of a pause in our International operations (non-USA) due to COVID-19 impacts Q1 FY2021 revenue of $0.6m ($0.4m in September FY2021) in Rest of World operations, down 87% vs PCP Services delivered in Mongolia, Chile, The Philippines, Papua
Slide 13: Revenue and Net Profit
From FY2015 300 6.6% 20 18 6.7% Net Profit (Million AU$) 250 17 Revenue (Million AU$) 15 7.0% 14 200 12 11 150 From 9 • Strong year on year revenue growth of 19.6% FY2015 5.9% 9.6% 7.1% 8 • Increased EBITDA margins driven by continued diversification and 100 12.1% 7.3% 6 expansion to new regions 13.
Slide 14: Balance sheet, net debt and financing
• Property, plant and equipment consists primarily of service vehicles with a fleet of over 500 vehicles including 41 vehicles in USA, depreciated over 5 years • Reduction in net debt during FY2020 to $18.5 million, down from $29.1 million at 31 December 2019 • Net debt further reduced during Q1 FY2
Slide 15: Looking Ahead
Looking Ahead MADER GROUP LIMITED
Slide 16: Commodity production and maintenance expenditure outlook
• Increasing forecast mining maintenance expenditure • Ongoing production growth in key commodities • An industry trend for equipment to be used longer before replacement • Significant capital investment in 2011 - 2012 has resulted in an aging mining equipment fleet for many mining companies Gold Pr
Slide 17: ROM ROM ROM
ROM ROM ROM ROM ROM ROM ROM ROM ROM
Slide 18: Growth strategy and company snapshot
Market Cap Global workforce Shares on Issue Service vehicles supporting the industry Share Price Price at market close on 25 Nov 2020 Strong customer base P/E Ratio Average FY2021 broker consensus Targeting significant levels of unfilled customer demand throughout Strong growth trends expected t
Slide 19: Important notice and disclaimer
This presentation has been prepared by Mader Group Limited (ACN 159 340 397) “Mader”, “Mader Group” and the “Company”). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or financial product advice and is
Slide 20: Appendices
Appendices MADER GROUP LIMITED
Slide 21: Operating cash flow, capex, net debt and dividends
• Operating cash flow of $20.4 million was a $10.4 million improvement on FY2019 • Operating cash flow before interest and tax (OCFBIT) of $28.3 million represents a $14.2 million increase on FY2019 • Capex decreased by $3.0 million compared to FY2019. Capex was above IPO Prospectus forecast of $9.7
Slide 22: Non-IFRS measures and financial notes
Mader Group Limited results are reported under International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. The Company discloses certain non-IFRS measures that are not prepared in accordance with IFRS and therefore are considered non-IFRS financial m