Seymour Whyte — H1 FY2017 Earnings Presentation
26 slides from Seymour Whyte's earnings presentation, February 2017
Slide 1: Seymour Whyte Limited Half Year Results Presentation
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL Seymour Whyte Limited 2016 Full Year Results Presentation OUTLOOK 24 August 2016 INFORMATION COMPANY DISCLAIMER © Diamond Graphics/Shutterstock
Slide 2: Half Year Snapshot
STRATEGIC OUTLOOK 2 SAFTY HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 3: Half Year Snapshot
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR SNAPSHOT HALF YEAR SNAPSHOT PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL OUTLOOK INFORMATION COMPANY DISCLAIMER *Two Victorian projects awarded in 1H FY17, and one awarded in February 2017 (subsequent to end of period) 3
Slide 4: Financial performance
STRATEGIC OUTLOOK 4 SAFTY Financial performance HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 5: Financial Performance
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR FINANCIAL PERFORMANCE PERFORMANCE FINANCIAL 1H FY17 1H FY16 Change % Change Revenue $m 232.8 166.4 66.4 39.9% EBITDA $m 2.9 2.4 0.5 20.7% EBITDA margin % 1.2% 1.5% (0.3)% - PERFORMANCE OPERATIONAL NPAT $m 0.4 0.2 0.2 100.0% NPAT margin % 0.2% 0.1% 0.1% - EP
Slide 6: Revenue
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR REVENUE PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL OUTLOOK NB: Utilities revenue shown after elimination of intersegment revenue Revenue at highest levels in the Group’s history, driven by a stronger order book due to success in tender strategy INFORMA
Slide 7: Financial Position
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR FINANCIAL POSITION SUMMARY BALANCE SHEET PERFORMANCE 31 DEC 2016 30 JUNE 2016 Mvt Mvt FINANCIAL $'m $'m $’m % 40.4 35.3 5.1 Group financial position remains strong with Cash at bank 70.0 55.6 14.4 14.4% Receivables 25.9% a significant portion of assets he
Slide 8: Cash Flow Analysis
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR CASH FLOW ANALYSIS PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL OUTLOOK INFORMATION COMPANY Cash increase of $5.1 million due to: $3.5 million expended in operations due to variations approved late in the period, with subsequent receipt in February 201
Slide 9: Operational Performance
STRATEGIC OUTLOOK 9 SAFTY HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 10: Map of Operations
STRATEGIC OUTLOOK 10 SAFTY MAP OF OPERATIONS Performance Operational HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 11: Highlights
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR HIGHLIGHTS PERFORMANCE Group safety performance continues to improve, with total FINANCIAL recordable injury frequency rate (TRIFR) of 8.73 down from 9.55 at June 2016 Significant turnaround in civil infrastructure division’s performance, including one
Slide 12: Highlights
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR HIGHLIGHTS Rob Carr Pty Ltd and Lendlease named national winner of Category 5 at the 2016 Australian Civil Contractors PERFORMANCE FINANCIAL Federation (CCF) Earth Awards for the Alphington Sewer Project Four Seymour Whyte Constructions employees recogn
Slide 13: Performance Overview
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR PERFORMANCE OVERVIEW PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL OUTLOOK D&C: Design and construct Civil infrastructure division result of $12 million assisted by successful recovery on a problematic legacy project and INFORMATION COMPANY completion of
Slide 14: Civil Infrastructure Division
Operational SAFTY STRATEGIC OUTLOOK Performance SNAPSHOT HALF YEAR CIVIL INFRASTRUCTURE DIVISION PERFORMANCE FINANCIAL 1H FY17 1H FY16 Change % Change Revenue $m 200.1 146.6 53.5 36.5% EBITDA $m 10.1 4.1 6.0 146.3% EBITDA margin % 5.0% 2.8% 2.2% - PERFORMANCE OPERATIONAL Operating result $m 9.6 3.5
Slide 15: Utilities Infrastructure Division
Operational SAFTY STRATEGIC OUTLOOK Performance SNAPSHOT HALF YEAR UTILITIES INFRASTRUCTURE DIVISION PERFORMANCE FINANCIAL 1H FY17 1H FY16 Change % Change Revenue* $m 37.3 27.1 10.2 37.6% EBITDA $m (2.4) 3.3 (5.7) (172.7)% EBITDA margin % (6.4)% 12.2% (18.6)% - PERFORMANCE OPERATIONAL Operating resu
Slide 16: Outlook & Strategy
STRATEGIC OUTLOOK 16 SAFTY Outlook & Strategy HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 17: Forward Order Book
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR FORWARD ORDER BOOK PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL OUTLOOK NB: Order book subject to change due to adjustments in project scope, duration and/or timing BHUP: Bruce Highway Upgrade: Caloundra Road to Sunshine Motorway Total forward order book
Slide 18: Forward Order Book
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR FORWARD ORDER BOOK Contract Value Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 + PERFORMANCE $AUD Million FINANCIAL CIVIL INFRASTRUCTURE >$10M QLD Bruce Highway Upgrade Project 221 Port Drive Upgrade 84 Peak Downs Highway Timber Bridges Replaceme
Slide 19: Market Outlook
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR MARKET OUTLOOK PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL OUTLOOK OUTLOOK Strong outlook for the roads market in NSW, with Victoria The Group’s total contestable market within a continuing to show significant improvement. Queensland is predominantly
Slide 20: Current Market Opportunities
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR CURRENT MARKET OPPORTUNITIES PERFORMANCE FINANCIAL PIPELINE BY TYPE PIPELINE BY GEOGRAPHY PIPELINE BY SECTOR PERFORMANCE OPERATIONAL OUTLOOK OUTLOOK INFORMATION COMPANY Pursuing a current pipeline of potential projects worth $1.5 billion for delivery in F
Slide 21: Progress on 2020 Strategic Plan
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR PROGRESS ON 2020 STRATEGIC PLAN PERFORMANCE FINANCIAL PERFORMANCE OPERATIONAL OUTLOOK OUTLOOK INFORMATION COMPANY Significant progress on plan since inception in early 2016 $450 million project won in 50/50 strategic joint venture; largest share of cont
Slide 22: Company information
STRATEGIC OUTLOOK 22 SAFTY Company information HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 23: Profile
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR PROFILE ASX:SWL (information as at 24 February 2017) Board of Directors PERFORMANCE FINANCIAL Listed 31 May 2010 Mac Drysdale Chairman Total shares on issue 87,976,230 John Kirkwood Managing Director and Chief Executive Officer Market capitalisation $84.5 m
Slide 24: Capabilities
STRATEGIC OUTLOOK 24 SAFTY CAPABILITIES HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 25: PERFORMANCE OPERATIONAL PERFORMANCE
STRATEGIC OUTLOOK 25 SAFTY HALF YEAR FINANCIAL OPERATIONAL COMPANY SNAPSHOT OUTLOOK DISCLAIMER PERFORMANCE PERFORMANCE INFORMATION
Slide 26: Disclaimer
SAFTY STRATEGIC OUTLOOK SNAPSHOT HALF YEAR DISCLAIMER PERFORMANCE This presentation contains forward looking statements, which are by their nature subject to significant uncertainties and are based on a number of estimates and assumptions that are subject to change FINANCIAL (and in many cases are o