Slide 1: Tasmea Limited Investor Roadshow Presentation
ASX Announcement ASX: TEA 12 September 2024 Tasmea Limited Investor Roadshow Presentation Tasmea Limited (ASX: TEA) provides the attached presentation delivered by our Managing Director, Stephen Young and Executive Directors, Mark Vartuli and Jason Pryde during Tasmea’s Investor Roadshow this week i
Slide 2: Results Roadshow Presentation
For personal use only Tasmea Limited Results Roadshow Presentation
Slide 3: Contents
Contents For personal use only Stephen Young Highlights Managing Director Business Overview Financial Performance Mark Vartuli Investment Performance Metrics Executive Director Business Outlook Jason Pryde Recent Acquisitions Executive Director Future Engineering Group Q&A Simone Thompson CFO & Comp
Slide 4: Highlights
Highlights (Pro Forma) Revenue (Pro Forma) EBIT For personal use only Tasmea owns and operates 22 inter-dependent leading Australian diversified specialist trade skill services businesses $407m $54.8m 10.8% on $368m in FY23 1.5% on Prospectus target 27.4% on $43.0, in FY23 Outperformed prosp
Slide 5: Businesses acquired since IPO
TASMEA ELECTRICAL MECHANICAL CIVIL WATER & FLUID For personal use only Tasmea has increased our service offerings across all four segments since the IPO Recent acquisitions projected to add circa $20.6m maintainable EBIT in FY25 The Future Group acquisition increases the Electrical Segment FY24 Pro
Slide 6: Group financial performance
Group financial performance For personal use only Tasmea delivered strong financial growth in FY24 on both a pro forma and statutory basis Pro Forma FY24 FY23 Change Change Statutory FY24 FY23 Change Change Results Summary $m $m $m % Results Summary $m $m $m % Revenue 407.4 367.5 39.8 10.8% Revenue
Slide 7: Historical financial performance
Historical financial performance For personal use only Demonstrated growth track record GROUP PRO FORMA REVENUE ($M) GROUP PRO FORMA EBIT AND MARGIN ($M) 24% CAGR 23% CAGR 407.4 54.8 367.5 293.4 43.0 34.7 215.1 29.8 13.8% 13.5% 11.8% 11.7% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 EBIT Margin 6 2024 R
Slide 8: Comparison to prospectus
Comparison to prospectus For personal use only Tasmea has outperformed Group Pro Forma EBIT and Margin ($m) Group Pro Forma NPAT and Margin ($m) Prospectus projections for 23% EBIT and NPAT on a Pro CAGR 27% CAGR Forma basis 54.8 36.9 54.0 33.5 KEY HIGHLIGHTS 28.4 43.0 • Tasmea achieved a Pro Forma
Slide 9: Cashflow
Cashflow For personal use only Tasmea has a disciplined approach to cash management demonstrated by our high OCF to EBIT conversion rate STATUTORY CASH FLOW ($m) FY21 FY22 FY23 FY24 Operating cash flow (before interest & tax) 20.4 26.7 22.8 49.8 OCF (before interest & tax) / EBIT 104.3% Investing ca
Slide 10: 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 11: 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 12: High recurring revenue pipeline via agreements
High recurring revenue pipeline via agreements For personal use only KEY HIGHLIGHTS Breakdown of pipeline • 73%+ of total revenue from secured or recurring base from MSA / FMA at the commencement of FY25F • Secured and recurring revenue has been increased year on year as Tasmea continues to expand i
Slide 13: 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 14: 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 $75.4m K
Slide 15: Future Engineering Group transaction summary
Future Engineering Group transaction summary For personal use only Strategic acquisition of Future Engineering Group – Highly strategic expansion to capitalise on the rapidly growing electrification demand in Australia • Tasmea acquired Future Engineering & Communication Group (“FEG”) and associated
Slide 16: Transaction highlights
Transaction highlights For personal use only Strategic Expansion This acquisition positions Tasmea to capitalise on the rapidly growing electrification demand in Australia, 1 supporting the integration of critical renewable energy sources into existing grids to ensure stability, reliability and a mo
Slide 17: Appealing and synergistic business profile
Appealing and synergistic business profile For personal use only FEG has an appealing and synergistic business profile that positions Tasmea strongly in industries with strong tailwinds, driving growth and shareholder value Diversified Customer Base Diversified customer portfolio across 6 key growth
Slide 18: 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 19: 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 20: 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 demonstrate
Slide 21: Q&A
Q&A For personal use only Stephen Young Mark Vartuli Jason Pryde Managing Director Executive Director Executive Director 20 2024 RESULTS ROADSHOW PRESENTATION TASMEA LIMITED
Slide 22: 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