Slide 1: FY13 Financial Results
For personal use only FY13 Financial Results Investor Presentation August 2013
Slide 2: Disclaimer
Disclaimer For personal use only This document has been prepared by GR Engineering Services Limited ACN 121 542 738 (GR Engineering) to provide an overview and update of GR Engineering’s activities and FY13 financial performance. Any statements, opinions, projections or other material contained in t
Slide 3: Index
Index For personal use only 1 FY13 Results Summary 2 Health, Safety & Environment 3 Operational Performance 4 FY13 Results Analysis 5 Outlook 3
Slide 4: FY13 Results Summary
FY13 Results Summary For personal use only Revenue Revenue $114.7 million EBITDA $11.0 million PBT $11.5 million Earnings NPAT $7.5 million EPS 5.0 cents 2H13 PBT $9.2 million (in line with guidance of $8.5 million - $9.5 million) Cash flow from operations $5.5 million Cash Flow Supp
Slide 5: FY13 Results Summary
FY13 Results Summary For personal use only Action taken to respond to changed market conditions Professional and support staff numbers reduced to suit anticipated workload Brisbane office retaining only core staff to service reduced work flow Company wide reductions in overheads implemented
Slide 6: Health, Safety & Environment
Health, Safety & Environment For personal use only LTIFR 3 2.5 LTIFR (per million hrs) Continued strong safety performance 2 1.5 Record 1099 LTI free days as at 30 June 2013, 1 continuing into FY14 0.5 0 2008 2009 2010 2011 2012 2013 Safety is a key element of GR Engineering’s operating ethos
Slide 7: Operational Performance: Design & Construction
Operational Performance For personal use only Design & Construction Positive outcomes achieved on all completed projects – on time / on budget delivery Activity levels impacted by ongoing deferrals, scope reductions and project cancellations Gold price decline in 2H13 has compounded challenges
Slide 8: Operational Performance: Studies & Consulting
Operational Performance For personal use only Studies & Consulting FY13 Revenue Mix 16% contribution to revenue 1% 13% Study work predominantly undertaken on Australian and international gold projects Precious Metals 13% Continued conversion of studies into design & Base Metals construction en
Slide 9: FY13 Results Analysis
FY13 Results Analysis For personal use only FY13 FY12 Comment Revenue decline experienced across all Revenue from operations $m 114.7 152.8 business units – impacted by broad downturn in mining investment in Australia and overseas EBITDA $m 11.0 18.4 2H13 margins improved to reflect strong EBITD
Slide 10: FY13 Results Analysis
FY13 Results Analysis For personal use only Revenue EBIT $160m $152.8m $20m $17.8m $114.7m $15m $120m 2H13 $10.0m $80m $10m ($58.1m) 2H13 $40m $5m ($8.4m) 1H13 ($56.6m) 1H13 ($1.6m) $0m $0m FY12 FY13 FY12 FY13 PBT NPAT $25m $15m $13.1m $19.9m $20m $10m $15m $7.5m $11.5m $10m 2H13 $5m 2H13 ($9.2m) ($
Slide 11: Outlook
Outlook For personal use only Positive contributions expected to be made in 1H14 from existing projects Expectation that core markets will remain challenging, with headwinds prevailing into FY14 A return to growth in core markets will require: sustained increases in commodity prices; reduc
Slide 12: Contact
Contact For personal use only Geoff Jones Australian Office Details Managing Director 179 Great Eastern Highway Level 3, 99 Melbourne Street Belmont WA 6104 South Brisbane QLD 4101 +61 8 6272 6000 geoff.jones@gres.com.au PO Box 258 +61 7 3838 8000 Belmont WA 6984 +61 8 6272 6000 Joe Totaro