Slide 1: ASX announcement: Investor Presentation for FY2022
►CONSTRUCTION MATERIALS HEAD OFFICE: ►TRANSPORT SERVICES 11 BALLERA COURT ►CEMENT, FLYASH & LIME 1511 TOOWOOMBA CECIL PLAINS ROAD ►PRECAST CONCRETE WELLCAMP QLD 4350 ►REINFORCING STEEL ►COMPOSITE FIBRE TECHNOLOGIES POSTAL ADDRESS: ►EARTH FRIENDLY CONCRETE PO BOX 151 DRAYTON NORTH QLD 4350 INT. PREFI
Slide 2: Wagners FY22 Investor Presentation
Innovative Integrated International WAGNERS FY22 INVESTOR PRESENTATION
Slide 3: Contents
CONTENTS 1 FY22 HIGHLIGHTS 2 FINANCIAL PERFORMANCE 3 BUSINESS PERFORMANCE 4 OUTLOOK 5 CONCLUSION 1
Slide 4: FY22 Highlights
01 FY22 HIGHLIGHTS CFT Mersey River Bridge in Kejimkujik National Park, Nova Scotia, Canada 2
Slide 5: FY22 Summary
FY22 SUMMARY 5% increase in Innovative – increased Revenue $338M revenue investment in CFT and EFC International - established Continued traction from Operating EBIT $20.9M international manufacturing growth strategy facilities Net profit $7.7M Integrated – focus on No final dividend declared vertic
Slide 6: Market Update
AUSTRALIAN WAGNERS’ LOCATIONS MARKET UPDATE • Outlook assumes continued levels of demand for construction materials and services experienced in FY22 • Market conditions impacting business: – Increased shipping costs – Increased raw materials cost – Fuel price increases – Labour shortage – Supply cha
Slide 7: Financial Performance
02 FINANCIAL PERFORMANCE Mechanical maintenance at Engineering Solutions in Toowoomba, QLD 5
Slide 8: FY22 Profit & Loss – Summary
FY22 PROFIT & LOSS – SUMMARY • Revenue increases in cement, concrete, $(m) FY22 FY21 Change steel and composite fibre technology Operating revenue 338.5 322.8 15.7 • Lower margins as a result of product Operating Gross profit 184.9 186.9 -2.0 mix changes Operating costs 139.2 137.6 1.6 • Operating c
Slide 9: FY22 Segment Results
FY22 SEGMENT RESULTS CMS CFT EFC $(m) FY22 FY21 Change FY22 FY21 Change FY22 FY21 Change Total Revenue 294.2 288.5 5.7 41.9 31.4 10.4 0.2 0.3 -0.1 EBIT 31.9 33.4 -1.5 1.9 2.7 -0.7 -3.2 -2.0 -1.2 EBIT Margin 10% 12% n/a 5% 9% n/a n/a n/a n/a • CMS increased revenue, slightly lower margin due to the t
Slide 10: FY22 Cashflow and Net Debt
FY22 CASHFLOW • Cash flow is impacted by the increase $(m) FY22 FY21 Change in working capital, mainly inventory EBITDA 45.7 49.3 -3.6 holdings to ensure supply Changes in working capital -28.2 20.2 -48.4 Cash flow from operations 17.5 69.5 -52.0 • Capital expenditure to increase capacity and operat
Slide 11: Business Performance
03 Business performance Alderley Street bridge installation in Toowoomba, QLD 9
Slide 12: Cement
CEMENT • Record sales volumes and revenue • Production efficiencies in bagging facility upgrade • Product ranges have expanded • Costs of shipping and raw materials have increased 11% 15% Expanded Increase in sales Productivity Product ranges increase in bagging facility Cement truck at Wagners’ Cem
Slide 13: Concrete Operations
CONCRETE OPERATIONS • Increase in volumes from batch plant network • Improving market pricing conditions in sight • Secured another wind farm project in South-East Queensland 18% PROJECTS Expanded Increase in Successfully SE QLD concrete revenue completed plant network Batch Plant in Narangba, QLD 1
Slide 14: Steel
STEEL • Second facility located in Brisbane • Revenue more than doubled in FY22 • Strong outlook 125% 65% EXPANDED Increase in Increase in New Brisbane revenue tonnes facility operational Wagners’ Steel at Wacol, Brisbane 12
Slide 15: Precast Concrete
PRECAST CONCRETE • Completion of the Cross River Rail Tunnel project in H1 FY22 • Revenue impacted by timing between major contracts • $140 million Sydney Metro precast tunnel segment contract secured – commencing October 2022 25,000 $140m Expanded Segments In segments to New Qld completed for be pr
Slide 16: Transport Projects
TRANSPORT PROJECTS • Revenue maintained at a record FY21 level • New projects commenced in FY22 • $7 million invested in fleet renewal 9 million 7.7 million 53 Km travelled Tonnes of Haulage product hauled combinations servicing projects New Wagners’ prime mover 14
Slide 17: Crushing Operations & Projects
CRUSHING OPERATIONS & PROJECTS • Reduction in contract crushing revenue • Improved performance from fixed quarry sites • Over $7 million has been invested in new plant upgrades 22% 3 Expanded Increased in Contract Plant upgrades sales from fixed crushing and DA for quarry sites projects greenfield q
Slide 18: Composite Fibre Technologies: Australia and New Zealand
Composite fibre technologies AUSTRALIA AND NEW ZEALAND • Crossarm business consistent with prior year and increase in pedestrian infrastructure sales • Margins impacted by cost increases and start up costs in commissioning new plant and equipment • Increased production capacity following major capex
Slide 19: Composite Fibre Technologies: USA
Composite fibre technologies USA • US facility now fully operational • 10% of total CFT sales are generated from the US market 20km 20 Expanded Pultrusion used Pedestrian New facility in projects infrastructure established in projects delivered Texas US CFT facility in Cresson, Texas, United States
Slide 20: Earth Friendly Concrete
Earth Friendly Concrete • 7% increase in volumes in UK and Europe • Manufacturing facility established in UK • Continued investment in research and development • Equity investor update – no suitable offers received to deliver shareholder value 6000m3 1500t Expanded of EFC produced of carbon Internat
Slide 21: Outlook
04 Outlook Batch Plant and Agitators at Toowoomba Batch Plant, QLD 19
Slide 22: Construction Materials and Services
Construction materials and Services • $140m Sydney Metro project is secured to be delivered over 2 years • New projects secured: contract crushing and mobile concrete • Strong cement volumes expected to continue • Bulk haulage contracts are secured to maintain revenue with additional opportunities i
Slide 23: Composite Fibre Technologies
Composite Fibre Technologies • Focus on building sales growth • New product lines and markets to deliver revenue growth • Additional production capacity and efficiencies to improve margins • The outlook for international growth in the United States is positive • Continuous investment in new product
Slide 24: Earth Friendly Concrete
Earth Friendly Concrete • Volumes are expected to increase in the UK with an established presence • Continued technology development • Technical certification and standards progress across multiple jurisdictions • Focus on building a sales pipeline and strategy both domestically and internationally
Slide 25: Conclusion
conclusion • The FY22 results were in line with expectations • Revised price increases now implemented to maintain margins • Improved performance forecast for FY23 Upgrade to the zig-zag path in Yamba, NSW using Wagners’ CFT 23
Slide 26: Disclaimer
disclaimer The material contained in this presentation is a summary of Wagners Holding Company Limited’s (Wagners) activities and results, current at the date of preparation, 23 August 2022. The information in this presentation is in summary form only, general in nature and does not purport to be co
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