Weststar Industrial Ltd. · ASX:WSI
Weststar Industrial — H1 FY22 Earnings Presentation
11 slides from Weststar Industrial's earnings presentation, Mar 1, 2022
Slide 1: H1 FY22 Results & Investor Presentation
For personal use only H1 FY22 RESULTS & INVESTOR PRESENTATION MARCH 2022 (ASX: WSI)
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by WestStar Industrial Limited (ASX:WSI) (WestStar or the Company) and is for information purposes only. The information contained in the presentation is summary only and should be read in conjunction with all other Announcements m
Slide 3: About Us
For personal use only An industrial services company operating in the energy, SIMPEC is a diversified services resources, utility, defence and company specialising in construction infrastructure sectors, in and asset management services. metropolitan and remote areas, SIMPEC’s delivery capacity and
Slide 4: Corporate Highlights
Corporate Highlights For personal use only CEO Mr Robert Spadanuda appointed Managing Director Strengthened Balance Sheet: Share Price Earnings per Shares on Issue $0.021 Share o Cash and cash equivalents of $28.9M 1.13B (as at 28 Feb 22) 0.23c o ~$7.5M Bond Facility with Export Finance Australia o
Slide 5: Financial Highlights
Financial Highlights For personal use only o Record Revenue ~$74.7M for H1 FY22, a 199% increase (H1 FY21: $24.9M) o Contribution to total Group revenue: o SIMPEC: ~$53.7M Revenue EBITDA o Alltype Engineering ~$21.0M $74.7M $4.20M o EBITDA of $4.2M* - a 605% increase (H1 FY21: $596K) o This strong r
Slide 6: Revenue
Revenue For personal use only $300 o Record group revenue of $74.7M for H1 FY22: $250 • 199% increase on H1 FY21 of $24.9M • 5% increase to date on FY21 of $71.7M $200 A$ (M) o $222M of contracted revenue $150 o Order book remaining of ~$169M $100 o Tender pipeline and prospects at > $400M $50 $0 FY
Slide 7: Current Key Contracts
Current Key Contracts Iron Bridge Magnetite Project ~A$145M For personal use only • A major SMP and E&I construction contract valued at ~A$145M for the construction of the wet process plant for Iron Bridge in the Pilbara region. • Represents the Group’s largest contract win to date. • SIMPEC will su
Slide 8: Outlook & Strategy
Outlook & Strategy Outlook Strategy For personal use only o Strong H2 FY22 expected as SIMPEC continues its o Placement and bonds having strengthened balance sheet. delivery on Iron Bridge Contract and Alltype ramps up on APA Group and Lynas Corporation Projects. o Increased capacity for future tend
Slide 9: WestStar FY22 'A Value Proposition'
For personal use only Undervalued compared to its peers Proven Financial Leadership Performance Team Strong Y-o-Y results and Capability in delivering EFA Bonds secured to +$100m contracts support further growth WestStar FY22 ‘A Value Proposition’ A VALUE Increasing Well Positioned for Growth PROPOS
Slide 10: Leadership Team
CHRIS MANEA For personal use only ROBERT SPADANUDA Project Managing Director / Chief Executive Officer Chief Financial Officer • As founding Group CEO of WestStar, he oversaw the • Holds a Bachelor of Business and is a CPA with 30 Leadership formation of the business and subsequent listing on the AS
Slide 11: Contact Details
Contact Details For personal use only Robert Spadanuda WestStar MD & CEO robert@weststarindustrial.com.au +61 8 9410 5333 Simpec AllType Level 3, 21 Kintail Road 52 Hope Valley Rd Applecross WA 6153 Naval Base WA 6165