Gr Engineering Services Ltd · ASX:GNG
Gr Engineering Services — Shareholder Meeting (November 2021)
14 slides from Gr Engineering Services's shareholder meeting presentation, Nov 24, 2021
Slide 1: Annual General Meeting Presentation
Providing global mineral processing solutions ASX:GNG ASX:ABC For personal use only GR Engineering Services Limited Annual General Meeting Presentation 24 November 2021
Slide 2: FY21 Results
FY21 Results For personal use only GR Engineering reported record FY21 revenue of $392.4 million and EBITDA of $37.2 million. GR Engineering achieved revenue growth of 76% during FY21 as a result of strong contracting activity and solid operational performance in a challenging market environment
Slide 3: FY21 Results Summary
FY21 Results Summary For personal use only Earnings Balance Sheet & Cash Flow Revenue Cash $400m $80m $300m $60m $200m FY21 $40m FY21 392.4 FY20 69.0 FY20 $100m $20m 222.4 37.5 $0m $0m EBITDA Net Operating Cash Flow $40m $50m Underlying $30m $40m EBITDA* $30m FY21 $20m FY21 37.2 $20m 49.5 FY20 FY20
Slide 4: Balance Sheet & Cashflows
Balance Sheet & Cashflows For personal use only Strong balance sheet maintained at 30 June 2021 and this has continued into the first quarter of FY22. Cash: $69.0 million (30 June 2020: $37.5 million). High EBITDA to cash conversion - net operating cashflows: $49.5 million (30 June 2020: $11.2
Slide 5: Mineral Processing
Mineral Processing For personal use only GR Engineering’s design and construction order book of current work includes: Company Project Type ($’m) Northern Star Resources Limited Thunderbox 6 Mtpa EPC 101.0 Expansion Project Abra Mining Pty Ltd Abra Base Metals Project EPC 89.5 and Paste Plant Cali
Slide 6: Mineral Processing
Mineral Processing For personal use only GR Engineering’s pipeline of near term work opportunities includes, but is not limited to, the following projects: - Kimberley Sands JV – Thunderbird Mineral Sands Project - OZ Minerals Limited – West Musgrave Project - Geopacific Resources Limited – Woodla
Slide 7: Oil, Gas, Energy & Water - Upstream PS
Oil, Gas, Energy & Water - Upstream PS For personal use only GR Engineering’s wholly owned subsidiary, Upstream PS, generates longer term operations and maintenance services revenue alongside project based design and construction work. During FY21, revenue contributions were primarily from: - Wo
Slide 8: Process Controls Systems - Mipac
Process Controls Systems - Mipac For personal use only In May 2021, GR Engineering successfully acquired the Mipac business, a leading global provider of controls systems engineering, automation and technology services. Mipac enhances GR Engineering’s control systems design capabilities and expa
Slide 9: Environmental Social Governance
Environmental Social Governance For personal use only At GR Engineering we: - Favour local suppliers and supply chain ethics that are supported by our standards - Support engineering students with Curtin University scholarships - Support our communities via programs including Ronald McDonald House
Slide 10: FY22 Outlook
FY22 Outlook For personal use only GR Engineering continues to build its contracted and near term prospective pipeline of work across a diverse commodity base and also increase its revenue and earnings visibility for FY22 and future years. The consolidated entity has had a solid first quarter to
Slide 11: Selected Clients
Selected Clients For personal use only GR Engineering Upstream Production Solutions Mipac GR Engineering Services (ASX:GNG) 11
Slide 12: Corporate Profile
Corporate Profile For personal use only Capital Structure Share Price History Shares on issue m 161.2 2.50 3,000,000 Share price (GNG.ASX) (19 Nov 2021) $ 2.01 2.00 2,500,000 Market Capitalisation $m 324.1 2,000,000 1.50 Cash (30 June 2021) $m 69.0 1,500,000 1.00 Debt (30 June 2021) (excluding lease
Slide 13: Contact Details
Contact Details For personal use only Geoff Jones GR Engineering 71 Daly Street Building 3, Level 3, Managing Director Ascot WA 6104 Kings Row Office Park PO Box 258 42 McDougall Street +61 8 6272 6000 Belmont WA 6984 Milton QLD 4064 +61 8 6272 6000 +61 7 3838 8000 geoff.jones@gres.com.au
Slide 14: Disclaimer
Disclaimer For personal use only RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL This presentation may contain Information that has been Nothing in this presentation should be construed as either INFORMATION derived from publicly available sources that ha
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