Tasmea Limited · ASX:TEA
Tasmea — Morgans Noosa Conference 2024
17 slides from Tasmea's conference presentation, Oct 16, 2024
Slide 1: ASX Announcement: Tasmea Limited Investor Presentation
ASX Announcement ASX: TEA 16 October 2024 Tasmea Limited Investor Presentation Tasmea Limited (ASX: TEA) provides the attached presentation delivered by our Managing Director, Stephen Young and Executive Directors, Mark Vartuli and Jason Pryde at the Morgans Investor Conference today in Noosa, Queen
Slide 2: Tasmea Limited Morgans Noosa Conference
For personal use only Tasmea Limited Morgans Noosa Conference 16 October 2024 Stephen Young Mark Vartuli Jason Pryde Managing Director Executive Director Executive Director
Slide 3: Structured for success by Delivering Value Always!
Structured for success by Delivering Value Always! Tasmea’s flat structure is strategically different: For personal use only In order to protect our equity, Tasmea Limited does not trade and does not offer Parent Company Guarantees other than to its financiers Each subsidiary operates independently,
Slide 4: Acquisition and organic revenue growth
Acquisition and organic revenue growth For personal use only Tasmea acquires to grow and has a strong track record of acquiring businesses and scaling-up revenue growth post-acquisition Acquired and organic revenue growth ($m) 483 ORGANIC REVENUE WEIGHTED COMPOUNDING ANNUAL GROWTH RATE (CAGR) SINCE
Slide 5: FY24 Highlights
PRO FORMA FY24 WITH FY24 Highlights RECENT ACQUISITIONS Revenue PRO FORMA FY24 Revenue STATUTORY Revenue Tasmea owns and operates 22 inter-dependent leading For personal use only Australian diversified specialist trade skill services businesses $483m $407m $400m Outperformed prospectus NPAT guidance
Slide 6: Tasmea segments and businesses acquired since IPO
TASMEA ELECTRICAL MECHANICAL CIVIL WATER & FLUID For personal use only Since the IPO, Tasmea has increased our service offerings across all four segments Recent acquisitions projected to add circa $20.6m maintainable EBIT (greater than LTI target by $10m) in FY25 The Future Group acquisition increas
Slide 7: Historical financial performance
Historical financial performance For personal use only Demonstrated growth track record GROUP PRO FORMA REVENUE ($M) GROUP PRO FORMA EBIT AND MARGIN ($M) 24% CAGR 23% CAGR 407.4 54.8 367.5 293.4 43.0 34.7 215.1 29.8 13.8% 13.5% 11.8% 11.7% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 EBIT Margin 6 2024 R
Slide 8: Investor Key Performance Metrics
Investor Key Performance Metrics For personal use only Strong financial metrics with consistent growth Return on Capital Employed Return on Equity Reported earnings per share (cents) 18.4 29.5%1 45.3%2 15.2 27.7% 28.2% 41.0% 26.0% 36.6% 37.2% 35.3% 22.7% 44.9% CAGR 9.9 7.0 5.0 FY21 FY22 FY23 FY24 FY
Slide 9: Business outlook
Iron Ore production in Australia (mt)1 Business outlook 1,100 1,050 For personal use only 1,000 Tasmea is strategically positioned for continued growth in FY25 950 and beyond 900 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 KEY HIGHLIGHTS Copper production in Australia (mt)1 Tasmea remains we
Slide 10: Tasmea growth strategies
Tasmea growth strategies For personal use only Tasmea achieves growth via the following six complementary strategies: delivering exceptional service, “keeping what we have” and growing 1 with our customers as they expand, and providing our services to new locations; build market share by outperformi
Slide 11: Recent acquisitions
Recent acquisitions For personal use only Tasmea is now positioned with an end-to-end electrical capability with the recent Future Group acquisition, enabling Tasmea to offer fully integrated solutions, a unique capability in the national electrical service sector SUBSIDIARY OVERVIEW ACQUISITION RAT
Slide 12: FY24 Pro Forma EBIT with recent acquisitions included
FY24 Pro Forma EBIT with recent acquisitions included For personal use only Since listing, Tasmea has already delivered on its programmatic acquisition strategy and has acquired $20.6m of sustainable EBIT out of its total $30.0m target to be achieved for FY25-FY27 Recent Acquisitions Bridge $15.5m $
Slide 13: Comprehensive electrical capability
Comprehensive electrical capability For personal use only Tasmea is now positioned with an end-to-end electrical capability, enabling Tasmea Group to offer fully integrated solutions which is a unique capability in the national electrical service sector This acquisition positions Tasmea to capitalis
Slide 14: Strengthens exposure to the electrification demand
Strengthens exposure to the electrification demand For personal use only FEG enhances Tasmea’s capability to capitalise on the rapidly growing electrification demand in Australia Key Structural Tailwinds Capacity, National Energy Market (GW, 2009-10 to 2049-50)1 350 Australia is in a transformative
Slide 15: Tasmea investment highlights
Tasmea investment highlights Strong market fundamentals (electrification, renewables, iron ore, copper and gold) enabling long-term organic growth – For personal use only seeing no slow down in industries we have large exposure to. Successful programmatic acquisition strategy, with a demonstrated tr
Slide 16: Q&A
Q&A For personal use only Stephen Young Mark Vartuli Jason Pryde Managing Director Executive Director Executive Director 15 2024 RESULTS PRESENTATION TASMEA LIMITED
Slide 17: Important Notice
Important Notice For personal use only • This document has been prepared by Tasmea Limited (ABN 22 088 588 425) (“Tasmea” or “the Company”). No other party other than Tasmea has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or