Hargreaves Services plc · LSE:HSP

Hargreaves Services — Shareholder Meeting (October 2024)

10 slides from Hargreaves Services's shareholder meeting presentation, Oct 30, 2024

  1. Slide 1: Hargreaves Services plc AGM

    Hargreaves Services plc AGM Wednesday 30 October 2024 1

  2. Slide 2: Strategic Overview

    Strategic Overview • Organic growth to support long term sustainable dividend • Focus on contract Services wins in areas of core competence • Realisation of renewable assets Land • Reduce capital employed from c£80m to c£20m • Maximise cash repatriation • DK operational turn HRMS around 2

  3. Slide 3: Services – Resilience and quality

    Services – Resilience and quality Major Customers Frameworks Services – PBT Growth and term contracts profile (CAGR c30%) £’m 65+ 11.4 12 9.1 Secured orders as 31 May 10 24 7.6 PBT 8 c.70% 5.1 6 4 Typical operating margins 2 5%+ 0 FY21 FY22 FY23 FY24 Revenue Credit Inflation resilience exposure resi

  4. Slide 4: Services – Growth opportunities

    Services – Growth opportunities Major infrastructur e projects HS2 – A further two years work at Sizewell C – enabling projects Lower Thames Crossing – preferred Tungsten West – strong contractual least remaining underway partner to position with Balfour Beaty TW awaiting funding Contract successes

  5. Slide 5: Land – Key Events FY24

    Hargreaves Land – Key Events FY24 Sale of Westfield EFW Sale of Residential site Continued Development of Ground Lease Investment Maltby, Rotherham Renewables Asset Portfolio • 50-year ground lease investment • Planning permission secured • Renewables rental income rose for 185 plots to £798k p.a. (

  6. Slide 6: Land – Renewables portfolio

    Hargreaves Land – Renewables portfolio Independe Status Book Value nt Valuation 2 Windfarms OPERATIONAL 2 Access 216 MW Agreements UNDER 1 Windfarm CONSTRUCTIO 2 Access 230 MW £7.4m £27m-£29m N Agreements 1 Windfarm PRE- 2 Access CONSTRUCTIO 952MW Agreements N 1 Battery Storage 11 Schemes 1,398MW 1

  7. Slide 7: Raw Materials GmbH – Trading: Historic performance

    Hargreaves Raw Materials GmbH - Trading Historic performance of the Trading business Profits from trading in HRMS have 30.0 been variable over the period of ownership, given dependency on Hargreaves share of profit after tax £m commodity cycles and market pricing. 25.0 20.0 DK acquisition in Decembe

  8. Slide 8: DK Recycling und Roheisen GmbH – Material outputs

    DK Recycling und Roheisen GmbH – Material outputs Variables in FY24 Efficiency improvements • Lower cost coke sourcing in place Pig Iron sales price – 28% for the coming year reduction • EU phased embargo expected to have positive impact on pig iron Coke purchase price – 25% reduction Other initiati

  9. Slide 9: Hargreaves Services plc – ESG

    Hargreaves Services plc – ESG Social Governance Environmental Examines how the Controls and monitors how Monitors and reports how Company manages its the Company deals with its the Company controls its relationship with leadership, internal controls impact on the environment employees, suppliers and

  10. Slide 10: Hargreaves Services plc – Outlook

    Hargreaves Services plc – Outlook Services • Over 70% of revenues secured under contract for new financial year providing confidence in the continued delivery of sustainable and Group Outlook reliable profits into the future • Trading outlook for FY25 Land is strong led by Services and Hargreaves La

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