Gr Engineering Services Ltd · ASX:GNG
Gr Engineering Services — Shareholder Meeting (November 2018)
12 slides from Gr Engineering Services's shareholder meeting presentation, Nov 22, 2018
Slide 1: ASX Release: Annual General Meeting presentation – outlook statement
ASX RELEASE For personal use only 22 November 2018 For immediate release to the market Annual General Meeting presentation – outlook statement GR Engineering Services Limited (ASX:GNG) (GR Engineering) will today hold its 2018 Annual General Meeting. The presentation materials to be delivered at the
Slide 2: 2018 Annual General Meeting Presentation
For personal use only 2018 Annual General Meeting Presentation 22 November 2018
Slide 3: FY18 Results Summary
FY18 Results Summary For personal use only Earnings Balance Sheet & Returns Revenue Net Cash (ex. available facilities) $300m $40m $200m FY18 FY17 $20m FY17 $100m 283.6 238.7 FY18 34.2 21.3 $0m $0m EBITDA1 Total Equity $30m $60m $20m FY18 $30m FY18 FY17 $10m 24.1 FY17 52.4 48.9 16.9 $0m $0m PBT Tota
Slide 4: FY18 Results Summary
FY18 Results Summary Key Features Segment Revenue For personal use only ▪ Mineral processing revenue growth achieved from strong levels Mineral Processing of contracting activity, primarily from EPC projects $250m $125m FY18 FY17 ▪ Commissioned two new 2.5Mtpa gold processing plants 202.4 169.8 $0m
Slide 5: FY18 Operational Performance: Mineral Processing
FY18 Operational Performance For personal use only Mineral Processing Design and Construction ▪ Successful operational outcomes achieved on key projects completed in FY18: ▪ Mt Morgans: 2.5Mtpa gold processing plant - $107 million ▪ Dalgaranga: 2.5Mtpa gold processing plant - $66.5 million ▪ Sunrise
Slide 6: FY18 Operational Performance: Oil & Gas
FY18 Operational Performance For personal use only Oil & Gas ▪ Solid contribution to group revenue and earnings from Upstream Production Solutions ▪ Matured further into project roles commencing in FY16 / FY17 ▪ Presence in Perth basin reduced with change of control in assets and O&M in-sourcing. Up
Slide 7: Balance Sheet
Balance Sheet Key Features Available liquidity For personal use only $50m ▪ Strong balance sheet maintained 15.0 ▪ Cash: $21.8 million 15.0 $25m ▪ Interest bearing debt: $0.5 million 34.9 21.8 ▪ Overdraft facilities of $15 million (undrawn) $0m FY18 FY17 ▪ Significant bonding headroom Cash Overdraft
Slide 8: Outlook
Outlook For personal use only ▪ Active EPC contracts at Carosue Dam in Western Australia ($17.9 million) and Fosterville in Victoria ($23.9 million) that commenced in 1H19 ▪ 1H19 revenue is likely to be in the range of $80 million - $85 million (1H18 $177 million) ▪ Thunderbird Mineral Sands Project
Slide 9: Appendix: Corporate Summary
Appendix: Corporate Summary For personal use only Capital Structure Share Price Performance Shares on issue m 153.5 $2.00 2.0m Share price (GNG.ASX) (21 Nov 18) $ 1.25 $1.50 1.5m Market capitalisation $m 191.9 $1.00 1.0m Cash (30 June 2018) $m 21.8 $0.50 0.5m Debt (30 June 2018) $m 0.5 $0.00 0.0m No
Slide 10: Appendix: About GR Engineering
Appendix: About GR Engineering For personal use only GR Engineering Selected Clients ▪ Process engineering design and construction contractor servicing the mining and minerals processing industry ▪ Specialising in EPC / EPCM contracting to provide project delivery with secure cost, time, plant perfo
Slide 11: Contact
Contact Australian Office Details For personal use only Geoff Jones Managing Director 71 Daly Street Level 3, 42 McDougall Street +61 8 6272 6000 Ascot WA 6104 Milton QLD 4064 geoff.jones@gres.com.au PO Box 258 +61 7 3838 8000 Belmont WA 6984 Joe Totaro +61 8 6272 6000 CFO & Company Secret
Slide 12: 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 INFORMATION derived from publicly available sources that have not
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