Hargreaves Services plc · LSE:HSP
Hargreaves Services — Shareholder Meeting (October 2024)
10 slides from Hargreaves Services's shareholder meeting presentation, Oct 30, 2024
Slide 1: Hargreaves Services plc AGM
Hargreaves Services plc AGM Wednesday 30 October 2024 1
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
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
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
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. (
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
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
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
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
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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