Civmec Limited · SGX:P9D
Civmec — Investor Presentation (February 2021)
19 slides from Civmec's investor presentation, Feb 11, 2021
Slide 1: Investor Presentation February 2021
For personal use only INVESTOR PRESENTATION February 2021 AUTHORISED FOR RELEASE TO ASX AND SGX BY PAT TALLON, CEO
Slide 2: Company Profile
For personal use only COMPANY PROFILE Civmec is an integrated, multi-disciplinary construction and engineering services provider to the Resources, Energy, Infrastructure and Marine & Defence sectors. The company is dual listed on both the Australian (ASX:CVL) and Singapore (SGX:P9D) stock exchanges.
Slide 3: Key Operating Sectors
For personal use only KEY OPERATING SECTORS MARINE, DEFENCE & RESOURCES INFRUSTRUCTURE ENERGY • Full turnkey services including fabrication and • A world-class strategic asset and capability. • Tailored solutions for upstream and downstream modularisation, piping, platework and surface projects, inc
Slide 4: Company Snapshot
For personal use only COMPANY SNAPSHOT Civmec is a leading end-to-end provider of integrated, multi-disciplinary manufacturing, construction and maintenance services. 3 Key Sectors 4.8% Resources Marine, Defence & Energy Ten year NPAT Infrastructure percentage ~$1.15 Billion Contracted Order Book 4.
Slide 5: Our History
OUR HISTORY For personal use only Awarded major Acquired land at modularisation and New facility in Construction begins on the AMC fabrication package for Darwin 53,000m2 Main Assembly Hall Awarded significant contracts for BHP Billiton – 24,000T Albemarle’s Lithium Project, BHP’s 2009 Civmec listed
Slide 6: Corporate Overview
For personal use only CORPORATE OVERVIEW Capital Structure Shares on Issue m 501.1 Executive Management Team Performance Rights2 m 11.6 Options2 m 4.0 ASX A$/share $0.60 Jim Fitzgerald Share Price (10 February 2021) 2 SGX S$/share $0.58 Executive Chairman With more than 35 years’ experience, Mr Fitz
Slide 7: COVID-19 Update
For personal use only COVID-19 UPDATE • COVID-19 has not caused significant impact on the Group’s operations. • The majority of our revenue is generated is Western Australia which recently reached a milestone of 6 months without any community transmission of COVID-19. • Proactive measures implemente
Slide 8: Financial Overview
For personal use only FINANCIAL OVERVIEW
Slide 9: Financial Highlights – 1H2021
For personal use only FINANCIAL HIGHLIGHTS – 1H2021 1H2021 1H2021 1H2020 vs 1H2020 • Solid revenue of ~$306 million, 84% increase from 1H2020 Revenue A$305.7m A$166.2m 84% EBITDA A$34.3m A$17.7m 94% • EBITDA of A$34.3 million, 94% increase from 1H2020. NPAT A$15.0m A$8.0m 88% • NPAT of A$15.0 millio
Slide 10: Historical Financial Performance
For personal use only HISTORICAL FINANCIAL PERFORMANCE Revenue (A$M) NPAT (A$M) 300 15.0 250 12.0 200 9.0 150 6.0 100 3.0 50 0 0.0 2H2019 1H2020 2H2020 1H2021 2H2019 1H2020 2H2020 1H2021 Order Book (A$M) EBITDA (A$M) 1200 30 25 900 20 600 15 10 300 5 0 0 2H2019 1H2020 2H2020 1H2021 2H2019 1H2020 2H2
Slide 11: Considerable Investment in Strategic Assets
For personal use only CONSIDERABLE INVESTMENT IN STRATEGIC ASSETS Continued investment into strategic asset base • Considerable investment into Property, Plant and Equipment (PPE), provides Civmec with a substantial strategic asset base. 450 • Return to normal business operational capex requirement
Slide 12: New Projects
For personal use only NEW PROJECTS RESOURCES : INFRASTRUCTURE : RESOURCES : HAY POINT WHARF PERTH KIDS BRIDGE IRON BRIDGE OWNER/CLIENT: BHP Mitsubishi Alliance (BMA) / CLIENT: Main Roads WA CLIENT: Iron Bridge JV (IBJV) McConnell Dowell LOCATION: Perth, WA LOCATION: Henderson, WA LOCATION: Henderson
Slide 13: Ongoing Significant Projects
For personal use only ONGOING SIGNIFICANT PROJECTS RESOURCES : RESOURCES : RESOURCES : RESOURCES : IRON BRIDGE HAY POINT SHIPLOADER DUMP TRUCK TRAY BODIES WOODSIDE 5 YEAR TERM CONTRACT CLIENT: IBJV CLIENT: BMA CLIENT: VARIOUS CLIENT: Woodside Energy LOCATION: Henderson and Newcastle LOCATION: Hender
Slide 14: Ongoing Significant Projects
For personal use only ONGOING SIGNIFICANT PROJECTS RESOURCES : RESOURCES : RESOURCES : ENERGY : MESA A WET PLANT ALBEMARLE KEMERTON IRON BRIDGE GORGON SUBSEA CLIENT: Rio Tinto CLIENT: Albemarle CLIENT: IBJV CLIENT: Allseas (for Chevron) LOCATION: Pilbara Region, WA LOCATION: South-West, WA LOCATION:
Slide 15: Ongoing Significant Projects
For personal use only ONGOING SIGNIFICANT PROJECTS MAINTENANCE & OFFSHORE PATROL VESSELS SHUTDOWN CONTRACTS CLIENTS: Roy Hill, FMG, Alcoa, CLIENTS: Royal Australian Navy / Luerssen Australia Rio Tinto, Chevron, QAL LOCATION: Across Australia LOCATION: Henderson DURATION: Ongoing DURATION: Ongoing to
Slide 16: Recent Performance and Activities
For personal use only RECENT PERFORMANCE AND ACTIVITIES FINANCIAL OPERATIONAL PEOPLE AND SYSTEMS • Continued improvement in net profit, • Major projects continue to advance: • Future-proofing workforce with with NPAT in 1H2021 of A$15.0m. approximately 100 people employed ‒ Delivery of Albemarle lit
Slide 17: Henderson Assembly Hall – A Key Strategic Asset
For personal use only HENDERSON ASSEMBLY HALL – A KEY STRATEGIC ASSET STRATEGIC ASSEMBLY AND SUSTAINMENT CAPABILITY • Located in the Australian Marine Complex, 10 kilometres from Garden Island, home to a significant portion of Australia’s naval fleet. • World-class facility with significant capacity
Slide 18: Future Outlook
For personal use only FUTURE OUTLOOK • Solid Order Book of ~A$1.15b at end January supporting controlled increase in revenue for FY21. • Secured Order Book underpins ongoing growth. • Strong Tendering activity. • Diversity in sectors, disciplines and varied geographically in Australia lends to stron
Slide 19: For personal use only
For personal use only www.civmec.com.au