Saunders International Limited · ASX:SND
Saunders International — ASX SMIDcap Conference (March 2025)
25 slides from Saunders International's conference presentation, March 2025
Slide 1: ASX SMIDCAP Conference Presentation
ASX: SND ASX SMIDCAP CONFERENCE PRESENTATION
Slide 2: Introduction – Mark Benson, Managing Director & CEO
Introduction Mark Acknowledgement of Country We acknowledge the Traditional Owners and Custodians of Country throughout Australia. We pay our respects to all First Nations peoples Benson and acknowledge Managing Director & Elders past and present. As a business that works Chief Executive across many
Slide 3: About Us
About Us Saunders is a KEY MARKETS CORE CAPABILITIES multidisciplinary Engineering, Construction and Industrial Asset DEFENCE & GOVERNMENT 01 Bulk Fluid Storage and Transfer Services company. Proudly Australian-owned 02 Structural, Mechanical and Piping ENERGY and operated since 1951. 03 Industrial
Slide 4: Corporate Snapshot
Corporate Snapshot CAPITAL STRUCTURE ASX Code SND Ordinary shares on issue 9 January 2025* 123,242,597 Share price as of 20 March 2025 $0.82 Market capitalisation 20 March 2025 $101.1m SUBSTANTIAL SHAREHOLDERS (last disclosed by substantial shareholders 20/3/25) Mr. Desmond Bryant 19.70% NAOS Asset
Slide 5: Performance Highlights – H1 FY25
We have a record result for H1 FY2025. We also maintained a strong orderbook and pipeline. Performance Highlights – H1 FY25 Saunders has matured and positioned itself into a Revenue EBITDA EBITDA Margin multidisciplined offering, as set out in our strategy. $126.3m $9.9m 7.9% 21.0% (H1 FY24 $104.4m)
Slide 6: Corporate Highlights
Corporate Highlights PIPING SOLUTIONS RECONCILIATION DRIVING GROWTH IN NEW CHIEF INVESTING IN INTEGRATION UPDATE ACTION PLAN (RAP) WESTERN AUSTRALIA FINANCIAL OFFICER SAFETY CULTURE The integration of Piping Saunders finalised Saunders’ expansion Alex Dunne was Saunders continues Solutions is comple
Slide 7: Financial Highlights
KEY Financial Highlights Statutory financial results Statutory financial results adjusted for the impact of business acquisition-related expenses REVENUE EBITDA (A$M) 7.6% 21.0% (A$M) 17.7% 1.2% 250 216.1 140 126.3 25 12 200.9 21.3 9.8 9.9 120 104.4 10 200 20 18.1 100 8 150 130.0 80 15 101.2 6 100 6
Slide 8: Projects Secured
Projects Secured Major (Announced) Other selected projects (secured in the period) Kalgoorlie Consolidated July 2024 October 2024 Gold Mines (KCGM), WA • Hilltops Council Burrangong Creek Bridge • Ampol Lytton T2095 Pipe Installation $31.5 million • ProKoppers Mayfield T172 Client: Northern Star Res
Slide 9: Projects – Major Ongoing
Projects – Major Ongoing Key project development Western Sydney International Airport Water sector contracts bp Kwinana Renewable Fuels, Perth, WA Fuel Farm & Hydrant Line, NSW $17.7 million $42.0 million $70.0 million • Bald Hill Tanks, Sunbury, VIC (Aqua Metro) Client: bp Client: Multiplex & Durat
Slide 10: Projects Completed
Projects Completed Selected projects completed in the period Boyne River Gas Pipeline Redbank Reservoir Client: APA Client: Western Region Delivery Team Market: Resources & Industrials Market: Water Location: Queensland Location: New South Wales Soldiers Beach Access Replacement Bayswater Power Stat
Slide 11: Pipeline Analysis
Pipeline Analysis PIPELINE BY STATUS ($ billion) PIPELINE BY MARKET PIPELINE BY REGION Balanced market focus delivering diversified National footprint making Saunders 2.5 risk, with consistent income over time the local partner across Australia 2.3 2.0 1% 2.0 5% 5% $524m $586m 2% 35% 1.6 1.5 1.3 1.0
Slide 12: Market Outlook
Market Outlook DEFENCE & WATER ENERGY RESOURCES & GOVERNMENT INDUSTRIALS OUTLOOK • Movement in the Defence Fuel • Growing emphasis on water • Continued focus on national fuel • Dynamic market rewarding Resilience Program (DFRP) security, as climate change security, including increased agility of mid
Slide 13: Defence Opportunity Landscape
Defence Opportunity Landscape Major Army & Airforce Defence funding will continue to grow base upgrades over the next decade, with forecast spending Major Airforce base upgrade of $100b per annum by 2033-34 and Major Airforce base $765b between now and 2033-34. redevelopment Logistics Major Airforce
Slide 14: Strategy in Action – Completed Project: Larrakeyah Defence Precinct
STRATEGY IN ACTION – COMPLETED PROJECT Larrakeyah Defence Precinct Fuel Infrastructure SMP (Marine) Capability Bulk Fluid Storage, Industrial Automation and Electrical, Structural, Mechanical DEFENCE & GOVERNMENT and Piping Value $33.7 million Location Darwin, NT Saunders successfully completed a co
Slide 15: Strategy in Action – Current Project: Western Sydney International Airport
STRATEGY IN ACTION – CURRENT PROJECT Western Sydney International Airport Capability Bulk Fluid Storage, Industrial Automation and Electrical, Structural, Mechanical ENERGY and Piping Value $70.0 million Location Luddenham, NSW In late 2022, we were awarded a significant contract by Multiplex to bui
Slide 16: Investment Highlights
Investment Highlights Strong track record of delivering profitable growth across the top line, EBITDA and NPAT; consistent dividend paying Portfolio blends traditional construction contracts with annuity-style earnings Strategically well-positioned with customers across Australia as a leading multid
Slide 17: Key Projects
APPENDIX 1 Key Projects 17 ASX SMIDcap Conference Presentation
Slide 18: Pelican Point
PROJECT PROFILE - CURRENT Pelican Point ENERGY Capability Bulk Fluid Storage and Industrial Automation and Electrical Value $44.2 million Location Pelican Point, SA Our multi-disciplinary in-house engineering and operational teams worked closely with long-term and repeat client Quantem to value engi
Slide 19: Kalgoorlie Consolidated Gold Mines (KCGM) CIL3 Tanks Replacement
PROJECT PROFILE – CURRENT Kalgoorlie Consolidated Gold Mines (KCGM) CIL3 Tanks Replacement RESOURCES & INDUSTRIALS Capability Structural, Mechanical and Piping Value $31.5 million Location Kalgoorlie, WA Saunders has been awarded a $31.5 million contract by Northern Star Resources to undertake the C
Slide 20: Four new bridge projects
PROJECT PROFILE - CURRENT Four new bridge projects DEFENCE & GOVERNMENT We have recently announced that we have been awarded four contracts in the civil infrastructure sector, totalling $20.59 million. Each of the four projects includes the demolition of an existing bridge, as well as the design and
Slide 21: Financials
APPENDIX 2 Financials 21 ASX SMIDcap Conference Presentation
Slide 22: Statutory Income Statement
Statutory Income Statement Statutory Income Statement A$000 H1 FY25 H1 FY24 % KEY INSIGHTS Revenue 126,310 104,427 21.0% Other Income 508 192 164.6% Revenue growth of 21.0% driven from the continuation of the core business and a strong Materials & third-party costs charged to projects (77,148) (59,4
Slide 23: Balance Sheet
Balance Sheet A$000 H1 FY25 FY24 KEY INSIGHTS A$000 H1 FY25 FY24 Current assets Current liabilities Cash and cash equivalents 19,327 19,807 Cash balance decreased by $0.5m due to Trade and other payables 26,026 28,194 Trade and other receivables 22,206 25,623 increases in working capital as a result
Slide 24: Cash flow
Cash flow A$’000 H1 FY25 H1 FY24 KEY INSIGHTS Operating Cash Outflows represent a combination of Cash flows from Operating activities 3,961 25,418 impacts including timing of cash in/outflows (including H1 FY24), debtors receipts and acquisition payments. Cash flows from Investing activities (2,022)
Slide 25: About Saunders International Limited
About Saunders International Limited Saunders International Limited (ASX: SND) is a multidisciplinary Australian company that provides engineering, IMPORTANT INFORMATION FOR INVESTORS construction and industrial asset services across the complete This presentation has been prepared by Saunders Inter
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