Nrw Holdings Limited · ASX:NWH
Nrw — FY2024 Earnings Presentation
18 slides from Nrw's earnings presentation, Aug 15, 2024
Slide 1: NRW Holdings FY24 Full-Year Results
Slide 2: Full-Year Highlights
Full-Year Highlights $2.9B $195.1M Revenue EBITA $5.5B 7,400 Strong Order Workforce Book $246.6M $16.4B Record Cash Project Pipeline Holdings NRW HOLDINGS | FY24 FULL YEAR RESULTS 2
Slide 3: Full-Year Results: Financial overview
Full-Year Results Financial overview NRW delivers record results in FY24 and is well positioned • Revenue $2.9 billion, up 9.2% on FY23. for growth in FY25 and beyond. • EBITDA $334.8 million, up 15.9% on FY23. • EBITA $195.1 million, up 17.4% on FY23 at a 6.7% margin. • NPATN $123.8 million, up 18.
Slide 4: Earnings and Balance Sheet
Earnings and Balance Sheet • Revenue $2.9 billion, a 9.2% increase driven by heightened activity • Headline cash balance at 30 June 2024 $246.6 million, 94.9% conversion. across all three operational segments. • Headline debt increased predominantly due to the funding of the • EBITA $195.1 million,
Slide 5: Cash Flow
Cash Flow • Cash holdings $246.6 million with cash conversion at 94.9%. Consolidated Statement Of Cash Flows ($M) FY24 • Capital expenditure totalled $192.9 million: CASH FLOWS FROM OPERATING ACTIVITIES o Growth capex $51.7 million (new / extended contracts); Receipts from customers 3,177.7 Payments
Slide 6: NRW's End-to-End Capability
NRW's End-to-End Capability • Across our three operating segments, our strategy has successfully created a diversified business model applicable to resources, civil and public infrastructure and utilities. This model provides comprehensive capabilities throughout the project lifecycle, spanning engi
Slide 7: Segment Overview
Segment Overview Civil Revenue EBIT $655.5M $29.9M ^ 19.6% ^ 44.3% Mining Revenue EBIT $1,524.9M $143.6M ^ 5.8% ^ 7.1% MET Revenue EBIT $791.8M $45.5M ^ 8.6% ^ 49.5% NRW HOLDINGS | FY24 FULL YEAR RESULTS Geraldton workshop, DIAB Engineering 7
Slide 8: Civil
Civil Bunbury Outer Ring Road, NRW Civil & Mining NRW HOLDINGS | FY24 FULL YEAR RESULTS 8
Slide 9: Civil: Infrastructure
Civil • Revenue in Civil grew by 19.6% reflecting strong demand conditions particularly in Western Australia, as excess capacity was utilised (overheads spread over a larger revenue base) and delayed projects from FY23 were awarded this year. FY24 FY23 • During FY24, Rio Tinto’s Gudai-Darri Solar Fa
Slide 10: Mining
Mining Mt Cattlin, NRW Civil & Mining NRW HOLDINGS | FY24 FULL YEAR RESULTS 10
Slide 11: Mining
Mining • Mining delivered a strong result in the year, growing revenue by 5.8% and EBIT by 7.1%, despite the uncertainty in specific commodity markets, most notably lithium. • Result included an $8.1 million profit from the disposal of shares held in Spartan FY24 FY23 Resources Limited which were is
Slide 12: Minerals, Energy & Technologies
Minerals, Energy & Technologies KCGM Growth Project, Fimiston NRW HOLDINGS | FY24 FULL YEAR RESULTS 12
Slide 13: Minerals, Energy and Technologies
Minerals, Energy and Technologies • Profitability of the segment has grown to 5.8% from 4.2% at June 2023. • Primero performed strongly in FY24 underpinned by key projects such as Western Range NPI FY24 FY23 and KCGM Fimiston. • RCR’s product support team delivered significant growth in FY24, howeve
Slide 14: Sustainability Highlights
Sustainability Highlights 4.42 99.2% TRIFR Procurement (FY23 5.00) spend within Australia (FY23 97.28%) 33% 17.2% Female Female Board Members Employment (FY23 20%) (FY23 16.6%) NRW HOLDINGS | FY24 FULL YEAR RESULTS 14
Slide 15: Environmental, Social & Governance Performance and Initiatives
Environmental, Social & Governance Performance and Initiatives Environmental • A core focus on reducing our Group's carbon footprint through: o Installation of solar at our facilities in Bunbury and Hazelmere, which are pending approvals from Western Power and are expected to be operational by the e
Slide 16: Outlook & Guidance
Outlook & Guidance Outlook(1) Remains strong as: • Total Group pipeline is $16.4 billion. • Current active tenders of $5.5 billion. • $5.5 billion of order book, with circa $2.9 billion already secured for FY25, which is either in the order book, is expected as repeat business or preferred. • Availa
Slide 17: Disclaimer
Disclaimer Summary Information • This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of this Presentation. • This Presentation is for general information purposes only and does not purport to be complete. The content shou
Slide 18: NRW Holdings Group
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