Civmec Limited · SGX:P9D
Civmec — H1 FY2019 Earnings Presentation
22 slides from Civmec's earnings presentation, Mar 18, 2019
Slide 1: 1H FY2019 Presentation
For personal use only 1H FY2019 Presentation March 2019
Slide 2: About Civmec
About Civmec For personal use only Australian-based, integrated, multi-disciplinary heavy engineering, construction and maintenance services provider to a range of sectors including: 2
Slide 3: Core Capabilities
Core Capabilities For personal use only Heavy Engineering Shipbuilding Modularisation Structural, Mechanical & Piping Electrical, Instrumentation & Control Site Civil Works Industrial Insulation Refractory 3 Maintenance Precast and Prestressed Concrete Access Solutions Offshore Logistics
Slide 4: Our History
Our History For personal use only Awarded major Acquired land at Construction begins on 60m modularisation and New facility in the AMC (H), 53,000m2 facility with fabrication package for Darwin 2009 BHP Billiton – 24,000T Civmec listed on the Singapore 2013 Acquired 23-hectare 400T lifting capacity
Slide 5: Corporate Overview
Corporate Overview For personal use only Board and Management Shareholder Breakdown Jim Fitzgerald – Executive Chairman With more than 35 years’ experience, Mr Fitzgerald has a wealth of experience, with a natural ability to create solutions for complex tasks. He has a strong belief in the training
Slide 6: 1H FY2019 Financial Highlights
1H FY2019 For personal use only Financial Highlights 6
Slide 7: 1H FY19 – Financial Highlights
1H FY19 – Financial Highlights For personal use only • Revenue – $335.0 million • Increase in revenue in 1H FY19 from 1H FY18 • EBITDA – $15.4 million • Net Profit after Tax – $6.7 million • Net cash from Operations – $16.7 million 1H FY19 Revenue by Geography 7 FY18 & FY19 Revenue Half-on-Half 1H F
Slide 8: FY2019 – Year of Consolidation
FY2019 – Year of Consolidation For personal use only FY2019 focus is on consolidating the Group’s position • Successful close of $60 million Senior Secured Note • Commercial close-out of current and recently completed projects • New contracts and strong pipeline expected to contribute to continued r
Slide 9: Group Balance Sheet
Group Balance Sheet For personal use only • Net Assets of $173.9 million • $60 million Secured Note to partly fund new shipbuilding facility (November, 2018) • Total unutilised facilities of ~ $100 million, including bond facilities December 2018 June 2018 ($M) ($M) Current Assets 301.2 296.3 Non-Cu
Slide 10: Strategic Focus
For personal use only 10 Focus Strategic
Slide 11: Continuing to Deliver on our Strategy
Continuing to Deliver on our Strategy For personal use only We are continuing to deliver on our strategy, which targets the following key focus areas: 1. Expand on consistent and recurring revenue streams • Leveraging maintenance opportunities across primary operating sectors • Establishment of a wo
Slide 12: Consistent and Recurring Revenue – Maintenance
Consistent and Recurring Revenue – Maintenance For personal use only Leveraging maintenance opportunities across primary operating sectors • Multi-disciplined, self-performance capability is recognised by clients as a significant benefit in providing maintenance, refurbishment and repair services •
Slide 13: Consistent and Recurring Revenue – Shipbuilding Capability
Consistent and Recurring Revenue – Shipbuilding Capability For personal use only Establishment of a world-class shipbuilding capability in Western Australia SEA 1180 Offshore Patrol Vessel program: • Preparation and profile cutting of steel plates for the first two vessels to be built in South Austr
Slide 14: Consistent and Recurring Revenue – Shipbuilding Capability
Consistent and Recurring Revenue – Shipbuilding Capability For personal use only Establishment of a world-class shipbuilding capability in Western Australia Construction of new facility at Henderson well underway, including: • Office • Main Assembly Hall • Blast & Paint Shed • Pipe Processing Shed •
Slide 15: Consistent and Recurring Revenue – Output Efficiencies
Consistent and Recurring Revenue – Output Efficiencies For personal use only Optimising output efficiencies from Newcastle facility for east coast infrastructure projects • Facilities under further development to increase capacity and output (staged expansion) • Greater capacity to capitalise on sup
Slide 16: Consistent and Recurring Revenue – Output Efficiencies
Consistent and Recurring Revenue – Output Efficiencies For personal use only Facility development to enable output efficiencies • Precast facility complete • Extension to fabrication facility 90% complete • Installation of processing equipment, including plasma cutters and beamline complete Precast
Slide 17: Capitalise on Major Expansion Projects
Capitalise on Major Expansion Projects For personal use only Sustaining and expansion projects across the energy and resources sectors • Extensive fabrication capability and capacity facilitates participation in new construction and expansion projects with key clients, particularly in iron ore, enab
Slide 18: Continual Improvement
Continual Improvement For personal use only Investment in system and process improvements • Evolution of Civtrac continues to drive operational efficiencies, eg incorporation of CRM platform, Civtrac People Investment in the training and development of our people • Significant focus on development o
Slide 19: Recent Awards and Market Outlook
For personal use only Recent Awards and Market Outlook 19
Slide 20: Recent Awards
Recent Awards For personal use only Albemarle Lithium Plant • Awarded significant contract for the delivery of a new lithium hydroxide plant to be built in the Kemerton Strategic Industrial Area near Bunbury • Scope of work includes Structural, Mechanical and Piping for the Hydromet and Final Produc
Slide 21: Market Outlook
Market Outlook For personal use only Improved market conditions and confidence across primary operating sectors Oil & Gas • Investment in the development and expansion of existing LNG plants, supporting infrastructure and subsea • Substantial opportunity to service the ongoing maintenance requiremen
Slide 22: Civmec
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