Nrw Holdings Limited · ASX:NWH
Nrw — H1 FY2025 Earnings Presentation
17 slides from Nrw's earnings presentation, Feb 28, 2025
Slide 1: Half-Year Results
Half-Year Results 28 February 2025 NRW Civil & Mining, part of the South West Gateway Alliance | Wilman NRW HOLDINGS | Wadandi Highway and Lillydale Road intersection, Main Roads WA
Slide 2: OneSteel Manufacturing Pty Ltd - Administration
OneSteel Manufacturing Pty Ltd - Administration Golding has been providing mining services for OneSteel Manufacturing Pty Limited (OneSteel) since 2020 under a Mining Services Agreement. Timeline • At 30 June 2024, included in trade and other receivables were amounts due from OneSteel of $80.4 milli
Slide 3: Half-Year Highlights
Half-Year Highlights $1.65B $6.8B $284.4M Revenue Strong Order Book Cash Holdings $96.9M 8,000 140+ EBITA Workforce Projects NRW HOLDINGS | FY25 HALF-YEAR RESULTS NRW Civil & Mining, Mt Webber 3
Slide 4: FY25 Half-Year Results
FY25 Half-Year Results Financial Overview • Revenue $1.65 billion, up 15.8% on HY24. • EBITDA $188.8 million, up 20.1% on HY24. • EBITA $96.9 million, up 5.3% on HY24. • NPATN $58.4 million. • Cash holdings of $284.4 million, 83.7% conversion. • Normalised earnings per share 12.8 cps. • Strong order
Slide 5: Sustainability Highlights
Sustainability Highlights 5.33 19.4% TRIFR Female (FY24 = 4.71) participation in the workforce (FY24 = 17.2%) Implementation of Critical Risk 4.1% Management Indigenous participation in the workforce (FY24 = 3.4%) NRW HOLDINGS | FY25 HALF-YEAR RESULTS NRW Civil & Mining, Mt Webber 5
Slide 6: Earnings and Balance Sheet
Earnings and Balance Sheet • Revenue $1.65 billion, a 15.8% increase on HY24 driven by strong • Headline cash balance at 31 December 2024 $284.4 million, 83.7% growth in Civil and MET segments. conversion. • EBITA $96.9 million, a 5.3% increase on HY24 due to growth in • Financial debt increased pre
Slide 7: Cash Flow
Cash Flow 6 Months Ended • Cash holdings $284.4 million with cash conversion at 83.7%. Consolidated Statement Of Cash Flows ($M) 31 December 2024 • Capital expenditure totalled $91.2 million: CASH FLOWS FROM OPERATING ACTIVITIES o Growth capex $16.2 million (new / extended contracts); Receipts from
Slide 8: Strategic Sector Exposures
Strategic Sector Exposures Across our three operating segments, our strategy has successfully created a diversified business model applicable to resources, civil and public infrastructure. This model provides comprehensive capabilities throughout the project lifecycle, spanning engineering, manufact
Slide 9: Segment Overview
Segment Overview Civil Revenue EBIT $417.9M $21.4M ^ 40.6% ^ 75.9% Mining Revenue EBIT $805.1M $63.7M ^ ^ 4.3% 8.5% MET Revenue EBIT $454.0M $27.1M ^ 15.6% ^ 25.3% NRW HOLDINGS | FY25 HALF-YEAR RESULTS Golding, Curragh 9
Slide 10: Civil
Civil Civil NRW HOLDINGS | FY25 HALF-YEAR RESULTS Golding Urban, Yarrabilba 10
Slide 11: Civil Update
Civil Update • Revenue in Civil grew by 40.6% from the pcp due to strong demand conditions and robust growth in new project awards. FH HY25 FH HY24 • NRW secured eight new contracts in the resources sector across the Pilbara region and Revenue ($M) 417.9 297.3 Bowen Basin for the Group key tier one
Slide 12: Mining
Mining NRW HOLDINGS | FY25 HALF-YEAR RESULTS Action Drill & Blast, South Walker Creek 12
Slide 13: Mining Update
Mining Update • Mining delivered revenue growth of 4.3% and EBIT decreased to 7.9%. • The strategic acquisition of the HSE Mining business contributed to revenue growth, FH FY25 FH FY24 offset by reductions of scope and fleet at other projects. $M % $M % • Earnings were impacted by significantly hig
Slide 14: Minerals, Energy & Technology
Minerals, Energy & Technology NRW HOLDINGS | FY25 HALF-YEAR RESULTS Primero, KCGM Growth Project 14
Slide 15: Minerals, Energy & Technologies Update
Minerals, Energy & Technologies Update • Profitability of the segment has improved to 6.0% compared to 5.5% pcp. • Primero performed strongly in the first half of FY25 underpinned by major projects. FH FY25 FH FY24 • DIAB performed strongly in the first half of FY25 and RCR revised its strategy to R
Slide 16: Outlook & Guidance
Outlook & Guidance Outlook (1) Pipeline Remains strong: • Total Group pipeline is $15.1 billion. MET Civil Resources • Current active tenders of $6.2 billion. $2.7B $2.4B • $6.8 billion order book, including repeat business or preferred tenders. FY25 Guidance $15.1B $2.5B Civil Infrastructure • FY25
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