Slide 1: FY2023 Results Presentation
FY2023 Results Presentation For the 12 months ended 30 June 2023
Slide 2: Our Company
Our Company Group Snapshot……………..……03 Financial Highlights………..……04 FY24 Outlook Summary....……05 Operational Highlights..…..……06 SHEQ & People………............….…08 Part 1: FY2023 Results Historical Performance…………11 Financial Overview…..….………...12 Segments.……………………………13 Part 2: Outlook & Growth Strat
Slide 3: Group Snapshot
$444m 3 34% FY23 of Group Revenue derived from East Revenue Operating Coast Operations Group Snapshot Segments Communications ~835 Employees across Australia Infrastructure 2.4 COMMUNICATIONS MINING 37% TRIFR 14% @ 30 June 2023 POWER INFRASTRUCTURE Industrial Services ~95 36% Apprentices, Trainees &
Slide 4: FY2023 Financial Highlights
FY2023 Financial Highlights Revenue of $444m $444M Down 1% on PCP Record Normalised EBITDA of $36.8m $36.8M Up 4.8% on PCP Normalised EBITDA for H2 of $19.6 million v H1 $17.2 million Statutory NPAT of $13.4m $13.4M Down 1% on PCP NPAT for H2 of $7 million v H1 $6.4 million NPAT-A of $15.7m $15.7M U
Slide 5: FY2024 Outlook Summary
OUTLOOK SUMMARY 2,000 Summary of FY24 Outlook 1,800 1,863 • With industry tailwinds gaining momentum, Genus expects to 1,600 capitalise on this underlying momentum to deliver high single to low 1,400 976.0 FY26+ double-digit growth in EBITDA in FY2024 1,200 • Expected recurring revenue forecast to c
Slide 6: Highlights
HIGHLIGHTS Highlights Operational • A strong year despite a year focused on the integration of acquisitions, consolidation of internal management systems, procedures and organisational structures in order to create a solid platform for future strong growth with significant progress made to position
Slide 7: Highlights (cont.)
HIGHLIGHTS Highlights (cont.) Strategic • Genus continues to benefit from its longstanding partnerships in the WA market, which has a strong pipeline of work. • Tendering, delivering, and managing economic challenges relating to materials and labour in the current market remain top priorities. • FY2
Slide 8: SHEQ & People
SHEQ & PEOPLE SHEQ FY23 DEC 21 JUN 22 DEC 22 JUN 23 Target • GNP & all 10 x entities triple ISO Management System Certified TRIFR 3.5 3.3 3.6 3.2 2.4 (45001, 14001 & 9001) with no non-conformances identified. • Development of Genus Climate Strategy & GHG emissions LTIFR 0.0 0.0 0.0 0.0 0.0 framework
Slide 9: Reconciliation Action Plan – RAP
RAP Reconciliation Action Plan – RAP • Genus has joined a network of more than 2200 organisations which have made a formal commitment to advance reconciliation through the RAP Program. • The Genus Reflect RAP has been formally approved by Reconciliation Australia and is available on its website. • T
Slide 10: Part 1: FY2023 Results
Part 1 FY2023 Results Highlights | Financials 10
Slide 11: Historical Performance
HISTORICAL PERFORMANCE Historical Performance Revenue (A$ Millions) Normalised EBITDA & EBIT-A (A$ Millions) 500 40.0 400 451 35.1 36.8 444 30.0 32.4 300 20.0 25.0 24.7 24.9 318 19.6 200 10.0 14.4 12.8 170 9.3 100 0.0 99 FY2023 Results | Investor Presentation FY19 FY20 FY21 FY22 FY23 0 FY19 FY20 FY2
Slide 12: FY2023 Financial Overview
OVERVIEW FY2023 Financial Overview Profit & Loss Statement • Revenue of $444 million FY 2022 FY 2023 (A$ millions) • Normalised EBITDA $36.8 million up 4.8% on prior year Revenue 450.9 444.2 • H2 FY2023 Normalised EBITDA of $19.6 million up 13.9% on H1 2023 Normalised EBITDA 35.1 36.8 Normalised EBI
Slide 13: FY2023 Results | Investor Presentation
Infrastructure Industrial Services Communications Revenue FY23 Revenue FY23 Revenue FY23 $320m $79m $62m Down 8% on PCP Up 3% on PCP Up 12% on PCP Bringing together the industry-leading Innovative & fully integrated Electrical & From constructing state-of-the-art networks to FY2023 Results | Investo
Slide 14: Infrastructure
SEGMENTS Infrastructure • Revenue of $320 million, down 8% on FY2022. Segment Profit & Loss Statement FY2022 FY2023 (A$ millions) • Normalised EBITDA $34 million down 5.4% on FY2022. Revenue 349.4 320.0 • Normalisations relate to restructure and acquisition costs. Normalised EBITDA 35.9 34.0 • After
Slide 15: Industrial Services
SEGMENTS Industrial Services • Revenue of $78.7 million, up 3% on FY2022. Segment Profit & Loss Statement • Normalised EBITDA $2.2 million up from an EBITDA loss of FY2022 FY2023 (A$ millions) ($0.2 million) in FY2022. Revenue 76.4 78.7 • Normalisations in FY22 relate to restructure costs. Normalise
Slide 16: Communications
SEGMENTS Communications Segment Profit & Loss Statement • Revenue of $62.3 million, up 11.5% on FY2022. FY2022 FY2023 (A$ millions) • Normalised EBITDA loss of ($0.7 million), improved from Revenue 55.8 62.3 FY2022 from ($3.3 million) loss. Normalised EBITDA (3.3) (0.7) • FY2023 Normalisations relat
Slide 17: Financial Overview
FINANCIAL Financial Overview Consolidated Statement of Financial Position Jun-22 Jun-23 (A$ millions) Cash and cash equivalents 27.9 46.7 • Strong cash balance strong at $46.7 million up 67%, with net Lease liabilities (15.9) (18.4) cash of $22.4 million (excluding right of use asset property Financ
Slide 18: Key Highlights
HIGHLIGHTS Key Highlights Consolidated Statement of Cash Flows Jun-22 A$M Jun-23 A$M • Cash balance at 30 June 2023 $46.7 million up 67% or Net cash provided by operating activities 11.5 39.2 Net cash (used in) investing activities (24.2) (7.3) $18.8 million Net cash (used in) financing activities 6
Slide 19: Part 2: Outlook & Growth Strategy
Part 2 Outlook & Growth Strategy 19
Slide 20: Growth Strategy & Market Drivers for Infrastructure & Industrial Services
MARKET DRIVERS Growth Strategy & Market Drivers for Infrastructure & Industrial Services • Continuing expansion into East Coast markets, leveraging strategic acquisitions in QLD, NSW & TAS. • Capitalise on investment in energy-intensive assets; creating demand for upgraded or new transmission FY2023
Slide 21: Connecting the Future – Infrastructure
STRATEGY Connecting the Future – Infrastructure • The Federal Government $20 billion Rewiring the Nation Plan is designed to ensure the transmission infrastructure is funded and delivered. • Replacement dispatchable capacity of 47 GW from battery and hydro storage is required to firm renewable energ
Slide 22: Australia’s Energy Networks are Evolving. We’re Ready.
Australia’s Energy Networks are Evolving. We’re Ready. VIC NSW QLD Source: AEMO. Victorian Annual Planning Report 2022 WA Source: Future Network Projects, Transgrid. Transmission Annual Planning Report - October 2022 SA TAS Source: AEMO. Victorian Annual Planning Report 2022 Source: SWIS Demand Asse
Slide 23: Strategy Update – Industrial Services
STRATEGY Strategy Update – Industrial Services Utility BESS Projects • Energy storage installations in Australia will grow from 500 MW to more than 12.8 GW by 2030. Today, Australia makes up less than 3% of the total global installations for battery energy storage and is the seventh largest market g
Slide 24: Strategy Update – Industrial Services
STRATEGY Strategy Update – Industrial Services Switchyard EPC Services • The Australian switchyard services market is expected to grow at a CAGR of 5.7% over the forecast period. Increasing electricity generation and consumption along with the changing power generation industry dynamics, FY2023 Resu
Slide 25: Market Snapshot – Industrial Services
MARKET SNAPSHOT Market Snapshot – Industrial Services • There are significant opportunities emerging from Australia’s mining, resources & energy sector especially in the new energy economy. • Hydrogen, ammonia, and carbon capture & storage (CCS) projects account for $303 billion. FY2023 Results | In
Slide 26: Strategy Update – Communications
STRATEGY Strategy Update – Communications • Awarded 3 year nbn Master Agreement with 1 year option resulting in Mega Vendor contracts with both Telstra & nbn. • Telstra Copper Recovery expanding into its second year. • Telstra Blackspot & Regional Connectivity continues to grow. FY2023 Results | Inv
Slide 27: Corporate Overview Board of Directors
CORPORATE Corporate Overview Board of Directors Share Price (21 August 2023) A$/sh $1.20 Number of Shares M 177.7 Market Cap A$M $213.3 Cash A$M $46.7 FY2023 Results | Investor Presentation Debt A$M $24.3 Board of Directors 13.9% Simon High Non-Executive Chairman 33.5% 52.7% David Riches Managing Di
Slide 28: Reconciliation of Non-IFRS Financial Information
Appendix Reconciliation of Non-IFRS Financial Information $ Millions FY 2022 FY 2023 Profit for the year (as reported) 13.6 13.4 Add Back Amortisation relating to acquisition intangible assets after tax 1.1 2.3 Notes: NPAT-A 14.6 15.7 EBITDA/EBIT-A/NPAT-A are non-IFRS measures that are unaudited but
Slide 29: Disclaimer
Important Notice Disclaimer This presentation has been prepared by GenusPlus Group Ltd (Genus or the Company). It contains general background information about the Company’s activities current as at the date of this presentation. It is information given in summary form and does not purport to be com