Matrix Composites & Engineering Ltd · ASX:MCE
Matrix Composites & Engineering — Investor Presentation (November 2024)
13 slides from Matrix Composites & Engineering's investor presentation, Nov 20, 2024
Slide 1: Industrial Forum
INDUSTRIAL FORUM 20 November 2024 MATRIXENGINEERED.COM WWW.MATRIXENGINEERED.COM
Slide 2: Disclaimer
DISCLAIMER Important information: The following notice and disclaimer applies to this investor presentation issued by Matrix Composites & Engineering Ltd (the Company). You are advised to read these disclaimers carefully before reading or making any other use of this presentation or information cont
Slide 3: The Power of Advanced Materials – Matrix, a Growth Business
THE POWER OF ADVANCED MATERIALS MATRIX – A GROWTH BUSINESS Matrix designs, engineers, manufactures composite and advanced materials to: Strong revenue expansion Recurrent accretive revenue • Deliver subsea buoyancy solutions delivered, growth trajectory via Corrosion Technologies to the world sustai
Slide 4: FY24 – Continues Strong Momentum
FY24 – CONTINUES STRONG MOMENTUM Revenue Growth $85.0m FY24 RESULTS Revenue Underlying EBITDA 1 $47.2m $28.6m $85.0m 80% $11.0m from $0.2m $17.4m Underlying EBITDA Margin Net Profit After Tax FY21 FY22 FY23 FY24 12.9% from 0.2% $3.6m from $8.7m 2 18.0% margin 2H FY24 Revenue Contribution Ope
Slide 5: Company Overview
COMPANY OVERVIEW Capital Structure SUBSEA CORROSION ADVANCED ASX Ticker MCE TECHNOLOGIES MATERIALS Share Price (19 Nov 24) $0.24 Advanced composite Shares on Issue1 223.81m material solutions for Growing anti- Renewables / Market Capitalisation1 $53.7m corrosion coating, Defence / Resources. SURF an
Slide 6: Subsea Production (SURF) – Momentum Building
MOMENTUM BUILDING SUBSEA PRODUCTION (SURF) SURF Revenue Already STRONG SURF MARKET PENETRATION $60 $38m Secured $50 • FY23 turning point for Matrix presence in global SURF $40 $ million Market $30 $20 • $100m secured across 3 projects in recent years, $10 including $5m of variations this year $0 FY1
Slide 7: Subsea Production (SURF) – Sustained Industry Activity
MOMENTUM BUILDING SUBSEA PRODUCTION (SURF) SUSTAINED INDUSTRY ACTIVITY • Strong tailwinds in SURF. Key Customers expecting busy conditions for foreseeable future. MATRIX STRONG QUOTATION PIPELINE • ~$300m of competitive quotations submitted, yet to be awarded. • 5 to 7 material projects with a value
Slide 8: Drilling Market – Industry Recovery Is Building
INDUSTRY RECOVERY IS BUILDING DRILLING MARKET INDUSTRY LEADER LGS® - TECHNOLOGY DIFFERENTIATION • Patented VIV and drag reduction technology to • +$1B of syntactic foam buoyancy delivered by Matrix to the enhance production in strong currents. drilling sector in last 15 years. • Significant value pr
Slide 9: Other Subsea Buoyancy – Product Growth Opportunities
PRODUCT GROWTH OPPORTUNITIES OTHER SUBSEA BUOYANCY DEEP SEA MINING EQUIPMENT OFFSHORE FLOATING WIND • Recently completed riser buoyancy system using syntactic • 26.5 GW of new floating wind capacity to be added by 2030. foam technology for a deep-sea research vessel. • Rapid escalation of floating w
Slide 10: Corrosion Technologies – Extending into Energy and Resources Markets
EXTENDING INTO ENERGY AND RESOURCES MARKETS CORROSION TECHNOLOGIES TECHNOLOGY SOLUTIONS • Humidur® Coatings • Composite repairs • Equipment hire • Rotolining: Thermoplastic lining LOCAL RESOURCES SECTOR • LNG Matrix Composites & Engineering • Brownfield developments • Operational maintenance PROGRES
Slide 11: Advanced Materials – Emerging Market Space
EMERGING MARKET SPACE ADVANCED MATERIALS TECHNOLOGY SOLUTIONS DEMONSTRATED PROGRESS • Syntactic foam for Unmanned Underwater • Advanced materials revenue up 80% in FY24 to $4.7m Vehicles (UUV) • Centraliser opportunities growing • Steel replacement and advanced • Aramco qualification and first order
Slide 12: FY25 Growth Outlook
THE POWER OF ADVANCED MATERIALS FY25 GROWTH OUTLOOK • Strong base of ~$48m secured revenue for FY25 already in place. • Near term subsea market opportunities remain: • New awards under current negotiation to significantly add to FY25 order book. • Another record year expected for SURF in FY25. • Exp
Slide 13: Contact
CONTACT AARON BEGLEY CHIEF EXECUTIVE OFFICER T: +61 8 9412 1200 E: aaron.begley@matrixengineered.com BRENDAN COCKS CHIEF FINANCIAL OFFICER T: +61 8 9412 1200 | E: brendan.cocks@matrixengineered.com MATRIXENGINEERED.COM WWW.MATRIXENGINEERED.COM
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