Acrow Limited · ASX:ACF
Acrow — Acrow Formwork and Construction Services — Shareholder Meeting (November 2021)
19 slides from Acrow's shareholder meeting presentation, Nov 22, 2021
Slide 1: ASX Release: 2021 AGM Chairman's Address and CEO Presentation
ASX:ACF Acrow Formwork and Construction Services Limited C/- Level 5, 126 Phillip Street Sydney NSW 2000 ASX Release For personal use only 22 November 2021 2021 Annual General Meeting - Chairman’s Address and CEO Presentation Acrow Formwork and Construction Services Limited (ASX:ACF) (“Acrow” or the
Slide 2: Acrow Chairman's Address
ASX:ACF Acrow Formwork and Construction Services Limited C/- Level 5, 126 Phillip Street Sydney NSW 2000 Acrow Chairman’s Address Good afternoon ladies and gentlemen, For personal use only I am Peter Lancken, Chairman of the Board and on behalf of Acrow Formwork and Construction Services, I welcome
Slide 3: Chairman's Address closing remarks
ASX:ACF Acrow Formwork and Construction Services Limited C/- Level 5, 126 Phillip Street Sydney NSW 2000 In closing, on behalf of the Board, I would like to express my gratitude to Steven Boland, his leadership team, Acrow’s dedicated team of employees, our suppliers, our clients, and our shareholde
Slide 4: Annual General Meeting CEO Address and Trading Update
For personal use only Acrow Formwork & Construction Services Limited Annual General Meeting CEO ADDRESS AND TRADING UPDATE Chief Executive Officer – Steven Boland 22 November 2021 Hassall Street, Parramatta
Slide 5: Important Notice
IMPORTANT NOTICE This presentation is provided for information purposes only. The information in this presentation is in a summary form, does not purport to be complete and is not intended to be relied upon as advice to investors or other persons. The information contained in this presentation was p
Slide 6: Acrow Strategy
Continue to Execute on Strategy of Creating For personal use only ACROW STRATEGY Long-term Shareholder Value Earnings accretive Become the Become the leading leading Acquisitions Target High ROI primarily across Engineered Engineered Recruit train and retain the best Organic formwork Formwork Scaffo
Slide 7: Key Financials – FY21
For personal use only KEY FINANCIALS – FY211 EBITDA Pre-tax Profit NPAT REVENUE $24.3m $10.2m $8.7m +25% +35% +10% $105.7m EBITDA UNDERLYING FULL YEAR MARGIN EPS DIVIDEND + 22% 23.0% 4.00cps 1.90cps +60bps flat +81% ACF Share Price Relative to ASX Small Ordinaries Lost Time Injury Freq. Rate 0.60 Ac
Slide 8: Uninterrupted Growth
For personal use only UNINTERRUPTED GROWTH Total Revenue1,3 EBITDA2,3 FY22f 130.0-135.0 FY22f 31.5 -32.5 FY21 105.7 FY21 24.3 FY20 87.0 FY20 19.5 FY19 71.0 FY19 11.6 FY18 65.3 FY18 10.0 FY17 62.3 FY17 8.3 0 50 100 150 0 20 40 $m $m 1. Revenue includes sale of ex hire equipment 2.FY17-FY19 is pre AAS
Slide 9: Key Achievements – FY21
For personal use only KEY ACHIEVEMENTS – FY21 Record Secured Melbourne Industrial National footprint Hire Contracts Formwork Scaffold - 6 states Momentum - 9 depots Revenue up 114%, secured Formwork revenue up 84% hire contracts up 51% - Secured hire contracts up - growing recognition in expansion i
Slide 10: Strategic Pivot Continued
STRATEGIC PIVOT CONTINUED Group Sales Contribution ❑Strategic pivot continued towards For personal use only 100% highly engineered 90% 80% formwork/industrial services 70% markets 60% 50% 40% ❑Significant exposure to publicly 30% funded civil infrastructure projects 20% 10% continues 0% FY17 FY18 FY
Slide 11: Marquee Civil Projects Involvement
For personal use only MARQUEE CIVIL PROJECTS INVOLVEMENT Melbourne Metro Rail Sydney Metro Rail Melbourne Western Distributor Brisbane Cross River Rail Bruce Highway Upgrade - Qld Snowy Hydro 2.0 - NSW CEO Address - 2021 AGM 8
Slide 12: Case Study – Melbourne Metro Rail (State Library Station)
KEY DRIVERS FOR FORMWORK SUCCESS Case Study – Melbourne Metro Rail (State Library Station) For personal use only Scope of Work Engaged to provide a self-propelled multipurpose gantry for forming of tie beams and roof beams Product ULMA MK Carriage System typically used to support tunnel formwork but
Slide 13: Mt Piper Power Station, NSW
KEY DRIVERS FOR FORMWORK SUCCESS Mt Piper Power Station, NSW For personal use only Scope of Work Engaged to complete the scaffolding work for the shutdown of Mt Piper Power. Offering the full scaffold package including design, supply and install. At the peak, there will be up to 50 workers on site o
Slide 14: Case Study – Duncan Street
KEY DRIVERS FOR FORMWORK SUCCESS Case Study – 31 Duncan Street For personal use only Scope of Work Design, supply and install of a variety of propping to allow Hutchinson builders to remove and strengthen columns of the existing carpark to support a new tower above it and maintain the existing carpa
Slide 15: Industrial Services – Key New Business Unit
INDUSTRIAL SERVICES –KEY NEW BUSINESS UNIT FY20 FY21 FY22 target ❑ Division of Uni-span acquired October For personal use only (A$m)* (A$m) (A$m) 2019 Revenue 10.2 21.7 35.0-40.0 ❑ Similar market dynamics to formwork EBITDA 4.8 10.1 15.0 - 16.5 sector * 8 months contribution ❑ Significant growth opp
Slide 16: Capital Position and Cashflow
CAPITAL POSITION AND CASHFLOW Natform screens – Aqua Bondi Junction ❑ Improved balance sheet flexibility to pursue organic For personal use only growth opportunities ▪ Refinanced debt facility with Westpac in May 2021 – expanded headroom by $13.5m- ▪ Successful $10.5m capital raise in post 30 June b
Slide 17: Acrow Team and Culture
ACROW TEAM AND CULTURE ❑ Focus on succession planning For personal use only ❑ Developing depth of talent across all divisions –especially in engineering ❑ Focus on attracting best talent in the industry. Recent appointments: ▪ Brad Craven – General Manager Victoria ▪ Peter Bellden - National Operati
Slide 18: Short-Medium Term Growth Opportunities
For personal use only SHORT-MEDIUM TERM GROWTH OPPORTUNITIES Industrial Formwork - Formwork - Services Sydney Queensland Expand into new markets Grow market share - Substantial infrastructure and territories across the new General Manager development programs East Coast of Australia appointed across
Slide 19: Guidance and Outlook
GUIDANCE AND OUTLOOK ❑ Secured hire contracts +54% on pcp in four months to 31 For personal use only Oct ❑ November activity levels expected to exceed record October levels ❑ Formwork – strong activity levels in Queensland and Western Australia. Victoria, stable following strong FY21. NSW growing ma
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