Perenti Limited · ASX:PRN
Perenti — Euroz Hartleys Industrials Forum 2024
17 slides from Perenti's conference presentation, Nov 20, 2024
Slide 1: Investor Presentation
20 November 2024 Investor Presentation Perenti Limited (ASX: PRN) (‘Perenti’ or ‘the Company’) is pleased to provide the following Investor Presentation to be used during the Euroz Hartleys Industrials Forum and several upcoming investor meetings. Authorised by: Mark Norwell Managing Director & CEO
Slide 2: Euroz Hartleys Industrial Forum November 2024
For personal use only Euroz Hartleys Industrial Forum November 2024 1 Perenti Limited ABN 95 009 211 474
Slide 3: Important notice and disclaimer
Important notice and disclaimer For personal use only This presentation and these materials (together the “Presentation”) have been prepared by Perenti Limited ABN 95 You should consult your own advisors as to legal, tax, financial and related matters and conduct your own 009 211 474 (ASX:PRN) (“Per
Slide 4: History of consolidation and growth
History of consolidation and growth ACQUIRED 100% For personal use only OF BARMINCO FORMED ACQUIRED RENAMED PERENTI FOUNDED IN FORMED AFRICAN AFRICAN SUPPORT LAUNCHED AUMS JOINT BTP KALGOORLIE MINING SERVICES SERVICES ESTABLISHED IDOBA VENTURE 1987 1993 1998 2012 2018/19 2021 2007 1989 2023 BARMINCO
Slide 5: Underground experts and diversified mining services
Underground experts and diversified mining services REVENUE CONTRIBUTION A global leader in underground hard-rock mining with 30+ years experience For personal use only Demonstrated history of reaching or exceeding productivity targets FY24 Established relationships with clients focused on ope
Slide 6: Long-term relationships with global mining clients
Long-term relationships with global mining clients Our best client relationships prioritise collaborative delivery of long-term value. For personal use only Client Categorisation Commodity Length of relationship (years) 1 Tier 1 Global Producer Gold 36 Tier 1 Global Producer Gold 30 Tier 1 Global Pr
Slide 7: Increasing demand for specialised mining services
Increasing demand for specialised mining services For personal use only Underground Growth in Africa Rising Demand Decarbonisation & Data & Analytics Mining Electrification Declining grades, deeper Africa is richly endowed Positive drilling outlook Clients are requiring this AI, automation
Slide 8: Looking Ahead: Work in Hand and Pipeline
Looking Ahead: Work in Hand and Pipeline For personal use only Region ($B) Work in Hand Pipeline Australia 2.4 5.3 West Africa 1.2 2.7 Operation ($B) Work in Hand Pipeline Botswana 1.0 1.0 Underground 3.3 14.2 North America 0.3 4.1 Surface 1.2 0.9 Southern Africa 0.2 2.7 Drilling 0.6 0.8 TOTAL 5.1 1
Slide 9: People: The foundation of our business
People: The foundation of our business • Our people are the foundation of our business, underpinning our performance and For personal use only positive reputation. • Developing our people builds both capability and a strong culture of excellence which in-turn supports implementation of our strategy.
Slide 10: Group Executive Committee
Group Executive Committee Experienced team with decades of contracting experience For personal use only Mark Norwell Michael Ellis Gabrielle Iwanow Ben Davis MANAGING DIRECTOR AND CEO CHIEF FINANCIAL OFFICER PRESIDENT CONTRACT MINING PRESIDENT DRILLING SERVICES Raj Ratneser Sarah Coleman Paul Muller
Slide 11: FY24 Results: Exceptional free cash flow
FY24 Results: Exceptional free cash flow For personal use only REVENUE EBITDA EBIT(A) EBIT(A) MARGIN $3.34B $645M $314M 9.4% 16% on FY23 17% on FY23 19% on FY23 23 bps on FY23 Addition of the DDH1 group and EBITDA was in line with revenue Record group EBIT(A) was Margins have lifted due to b
Slide 12: Positioned to capture the growing market opportunity
Positioned to capture the growing market opportunity DDH1 Barminco 4,000 acquisition 400 acquisition • Growth in revenue and earnings has built scale and resilience in the For personal use only 3,500 350 Perenti business. 3,000 COVID 300 Revenue and impact • At the same time, leverage has been reduc
Slide 13: FY25: Guidance based on achievable targets
FY25: Guidance based on achievable targets For personal use only REVENUE $3.4B to $3.6B HOW WE WILL DELIVER • Safe delivery of our services, targeting no life changing events. EBIT(A) $325M to $345M • Continue to win and extend projects that deliver sustainable growth. • Generation of free cash flow
Slide 14: Strong investment proposition
Strong investment proposition For personal use only Barminco and AUMS are recognised globally as industry leaders in underground mining with a 95% success rate of contract extensions. Drilling Services now operates the third largest drill fleet globally, delivering strong free cash flow even in ‘sof
Slide 15: Thank you
For personal use only Thank you 14
Slide 16: APPENDIX: Underlying financials
APPENDIX: Underlying financials Group ($M) FY23 FY24 Contract Mining ($M) FY23 FY24 For personal use only Revenue 2,880.1 3,342.0 Revenue 2,479.3 2,542.2 EBITDA 552.6 644.6 EBITDA 538.0 524.8 EBIT(A) 264.1 314.2 EBIT(A) 304.1 287.3 NPAT(A) 131.8 165.8 EBIT(A) Margin 12.3% 11.3% Cash Conversion 95% 9
Slide 17: APPENDIX: FY24 revenue breakdown
APPENDIX: FY24 revenue breakdown For personal use only Revenue by Project (%) Group Underground Surface Mining Services1 Drilling Services Top Project 6% 10% 33% 79% 8% Top 2 – 10 projects 40% 58% 67% 11% 35% Top 11-20 projects 23% 27% – 7% 19% All others 31% 5% – 3% 39% Revenue by Country (%) Austr