Tasmea Limited · ASX:TEA
Tasmea — Shareholder Meeting (November 2024)
20 slides from Tasmea's shareholder meeting presentation, Nov 20, 2024
Slide 1: ASX Announcement
ASX Announcement ASX: TEA 20 November 2024 Company Announcements Office Australian Securi es Exchange Limited Level 4, 20 Bridge Street Sydney NSW 5000 Dear Sir / Madam Tasmea Limited 2024 Annual General Mee ng Presenta on Please find a ached a copy of the Annual General Mee ng Presenta on to be delive
Slide 2: About Tasmea Limited
About Tasmea Limited Tasmea owns and operates 22 inter-dependent leading Australian diversified specialist trade skill services businesses focused on Essential Shutdown, Programmed Maintenance, Emergency Breakdown, and Brownfield Upgrade Services of fixed plant for a blue-chip essential asset owner
Slide 3: Tasmea Limited Annual General Meeting
Tasmea Limited Annual General Meeting 20 November 2024
Slide 4: Acknowledgement of Country
Acknowledgement of Country We acknowledge that we are meeting today on the land of the Whadjuk Noongar people, who have lived on and cared for this land for tens of thousands of years. The Whadjuk people are the traditional custodians of the land on which we meet today, and they maintain a deep spir
Slide 5: Agenda
Agenda Chairman’s Address Managing Director’s Address Formal Meeting Business Q&A 3 2024 ANNUAL GENERAL MEETING TASMEA LIMITED
Slide 6: Board of Directors
Board of Directors Joe Totaro Stephen Young Non-executive Director & Chairman Managing Director Michael Terlet Mark Vartuli Non-executive Director Executive Director Kristie Young Jason Pryde Non-executive Director Executive Director 4 2024 ANNUAL GENERAL MEETING TASMEA LIMITED TASMAN ASSET MANAGEME
Slide 7: 2024 Highlights
2024 Highlights (Pro Forma) Revenue (Pro Forma) EBIT Tasmea achieved a number of significant milestones in 2024, significantly increasing shareholder value $407m $54.8m 10.8% on $368m in FY23 1.5% on Prospectus target Entered the ASX on 29 April 2024 @ $1.56 per share and a Market 27.4% on $43
Slide 8: Businesses & Acquisitions
Businesses & ELECTRICAL MECHANICAL CIVIL WATER & FLUID Acquisitions Tasmea has increased our service offerings across all four segments since the IPO FY25 acquisitions projected to add circa $20.6m maintainable EBIT in FY25 Businesses acquired in FY24 Businesses acquired in FY25 YTD Yura Yarta is a
Slide 9: Managing Director's Address
Managing Director’s Address Highlights Financial Performance Strategy and Acquisitions Outlook 7 2024 ANNUAL GENERAL MEETING TASMEA LIMITED TASMAN ASSET MANAGEMENT SERVICES
Slide 10: ASX: TEA
ASX: TEA Tasmea Limited commenced trading on the Australian Securities Exchange (ASX) on 29 April 2024 KEY HIGHLIGHTS The oversubscribed initial public offering raised $59.0 million at $1.56 per share, and an indicative market capitalisation of $340 million. Proceeds from the raise were used to
Slide 11: FY24 Financial Performance
FY24 Financial Performance Tasmea delivered strong financial growth in FY24 on both a statutory and pro forma basis Statutory FY24 FY23 Change Change Pro Forma FY24 FY23 Change Change Results Summary $m $m $m % Results Summary $m $m $m % Revenue 400.0 320.0 80.0 25.0% Revenue 407.4 367.5 39.8 10.8%
Slide 12: Cashflow
Cashflow Tasmea has a disciplined approach to cash management demonstrated by our high OCF to EBIT conversion rate STATUTORY CASH FLOW ($m) FY21 FY22 FY23 FY24 Operating cash flow (before interest & tax) 20.4 26.7 22.8 49.8 OCF (before interest & tax) / EBIT 107.3% Investing cash flow (1.3) (7.4) (1
Slide 13: FY24 Financial Position
FY24 Financial Position Tasmea has a strong financial position with an efficient working capital profile Balance Sheet FY24 Net Debt FY24 HIGHLIGHTS $m $m • Low working capital requirement as a Trade and other receivables 59.5 Term Loans 37.4 percentage of sales driven by well-managed Inventory & Co
Slide 14: Investor Key Performance Metrics
Investor Key Performance Metrics 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 FY21 FY22 FY23 FY24 FY21
Slide 15: Tasmea growth strategies
Tasmea growth strategies Delivering exceptional service, “keeping what we have” and growing with our 1 customers as they expand, and providing our services to new locations; 2 Build market share by outperforming our competitors on existing and new locations; New services to existing customers by lev
Slide 16: FY24 and FY25 Acquisitions
FY24 and FY25 Acquisitions • Offers drill and blast rig solutions to clients • Specialises in the supply and installation of in Australia and overseas geomembrane liners • Expands Tasmea’s service offering to the • Environmental protection in solid waste WA Technical market and builds Tasmea’s manag
Slide 17: Business outlook
Business outlook Tasmea is strategically positioned for continued growth in FY25 and beyond KEY HIGHLIGHTS Tasmea remains well-positioned for organic and programmatic acquisition growth in line with LTI incentives Continued focus on expanding specialist service offerings in fixed plant maintenan
Slide 18: Conclusion
Conclusion Strong market fundamentals (electrification, renewables, iron ore, copper and gold) enabling long-term organic growth – seeing no slow down in industries we have large exposure to. Successful programmatic acquisition strategy, with a demonstrated track record of acquiring, integrating
Slide 19: Q&A
Q&A 17 2024 ANNUAL GENERAL MEETING TASMEA LIMITED
Slide 20: Important Notice and Disclaimer
Important Notice and Disclaimer • This presentation has been prepared by Tasmea Limited (ABN 22 088 588 425) (“Tasmea” or “the Company”). The information contained in this presentation is for information purposes only and is not investment, financial product, legal or tax advice. • This presentation