Slide 1: FY2024 Results Presentation
FY2024 Results Presentation For the 12 months ended 30 June 2024
Slide 2: Our Company
Our Company Group Snapshot……………..……..03 FY24 Financial Highlights..……..04 FY25 Outlook Summary....……..05 FY24 Highlights..……………..…….06 SHEQ…………........…………………..08 People & Culture.…………........……09 Part 1: FY2024 Results Historical Performance…………..11 Financial Overview…..….………...12 Segments.……………………
Slide 3: Group Snapshot
$551m 3 35% FY24 of Group Revenue derived from East Revenue Operating Coast Operations Group Snapshot Segments Communications 1,059 Revenue by sector Employees across MINING Australia 29% Infrastructure 2.7 TRIFR OTHER @ 30 June 2024 1% POWER PRIVATE INFRASTRUCTURE Industrial Services 89 7% 50% COMM
Slide 4: FY2024 Financial Highlights
FY2024 Financial Highlights Record Revenue of $551m $551M Up 24.1% on PCP Record Normalised EBITDA of $45.3m $45.3M Up 23.2% on PCP Record Statutory NPAT of $19.3m $19.3M Up 43.7% on PCP Basic EPS 10.8 cps, Diluted EPS 10.7 cps (based on NPAT) Net cash provided by operating activities of $82.8m $82.
Slide 5: FY2025 Outlook Summary
OUTLOOK SUMMARY Orderbook & Pipeline (A$ millions) FY2025 Outlook 2,500 • Strong momentum generated in FY2024, combined with a strong 2,000 orderbook of $519 million, provides a solid base to support earnings 2,003 1,863 growth in FY2025, with Genus forecasting this underlying momentum FY2023 to del
Slide 6: FY2024 Highlights – Operational & Strategic
HIGHLIGHTS FY2024 Highlights – Operational & Strategic • This year, the Group has delivered exceptional results across the business, marking another year of record performance. • We are continuing to prioritise our people and safety targets to uphold the Genus culture that has driven our success. Ou
Slide 7: FY2024 Highlights – Operational & Strategic (Continued)
HIGHLIGHTS FY2024 Highlights – Operational & Strategic (Continued) • The award and commencement of the Melbourne Renewable Energy Hub (MREH) EPC for the Balance of Plant scope and Battery Energy Storage System (BESS) installation alongside our JV partner Samsung. • With several renewable projects co
Slide 8: SHEQ
SHEQ SHEQ • Genus is triple ISO Management System Certified (ISO 14001, ISO 45001 & ISO 9001). • Genus is currently developing a Climate Transition Strategy and Greenhouse Gas emissions framework. This framework will capture emissions data to enable Genus to report emissions in accordance with expec
Slide 9: People & Culture
PEOPLE & CULTURE People • Headcount of 1,059 as at 30 June 2024 increased from 1,016 as at 31 December 2023 and 835 as at 30 June 2023. • 89 Trainees, Apprentices and Graduates employed nationally. • Graduate & vacation student program progressing, with 9 undergraduates/graduates engaged across the
Slide 10: Part 1: FY2024 Results
Part 1 FY2024 Results Highlights | Financials 10
Slide 11: Historical Performance
HISTORICAL PERFORMANCE Historical Performance Revenue (A$ Millions) 600 Normalised EBITDA & EBIT-A (A$ Millions) 500 551 50.0 400 451 40.0 45.3 444 35.1 36.8 300 30.0 33.7 318 32.4 200 20.0 25.0 24.7 24.9 19.6 170 100 10.0 14.4 12.8 99 9.3 0 0.0 FY2024 Results | Investor Presentation FY19 FY20 FY21
Slide 12: FY2024 Financial Overview
OVERVIEW FY2024 Financial Overview Profit & Loss Statement (A$ millions) FY 2023 FY 2024 • Record Revenue of $551.2 million up 24.1% Revenue 444.2 551.2 • Record Normalised EBITDA $45.3 million up 23.2% on prior year Normalised EBITDA 36.8 45.3 • Record Statutory NPAT for the year $19.3 million up 4
Slide 13: Segments
Infrastructure Industrial Services Communications Revenue FY24 Revenue FY24 Revenue FY24 $336m $153m $72m Up 5% on PCP Up 94% on PCP Up 15% on PCP Bringing together the industry-leading Innovative & fully integrated Electrical & From constructing state-of-the-art networks to FY2024 Results | Investo
Slide 14: Infrastructure
SEGMENTS Infrastructure Segment Profit & Loss Statement • Revenue of $336 million, up 5% on FY2023. FY2023 FY2024 (A$ millions) • Normalised EBITDA of $36.1 million up 6.3% on FY2023. Revenue 320.0 336.0 • Normalisations relate to restructure and acquisition costs. Normalised EBITDA 34.0 36.1 FY2024
Slide 15: Industrial Services
SEGMENTS Industrial Services • Revenue of $152.6 million, up 94% on FY2023. Segment Profit & Loss Statement FY2023 FY2024 (A$ millions) • Normalised EBITDA $8.1 million up 270% on FY2023. Revenue 78.7 152.6 • Normalisations in FY2024 relate to restructure costs. Normalised EBITDA 2.2 8.1 • The Indus
Slide 16: Communications
SEGMENTS Communications Segment Profit & Loss Statement FY2023 FY2024 • Revenue of $71.6 million, up 15% on FY2023. (A$ millions) • Normalised EBITDA loss of ($0.5 million), improved from Revenue 62.3 71.6 FY2023 from ($0.7 million) loss. Normalised EBITDA (0.7) (0.5) FY2024 Results | Investor Prese
Slide 17: Financial Position
FINANCIAL POSITION Financial Position • Record cash balance of $101 million up 116%, with net cash of Consolidated Statement of Financial Position Jun-23 Jun-24 (A$ millions) $77.3 million (excluding right of use asset property lease liabilities Cash and cash equivalents 46.7 101.0 of $5.5 million).
Slide 18: Cash Flow
CASH FLOW Cash Flow Jun-23 Jun-24 Consolidated Statement of Cash Flows • Cash balance at 30 June 2024 $101 million up 116% or $54.3 A$M A$M million Net cash provided by operating activities 39.2 82.8 • Generated $93.5 million of Free Cash Flow (before Income Tax payments) during FY2024, compared to
Slide 19: Part 2: Market & Growth Strategy
Part 2 Market & Growth Strategy 19
Slide 20: Market Drivers
MARKET DRIVERS Australia is undergoing a renewables step-change • The National Electricity Market’s (NEM’s) transition to higher renewables continues to occur at pace. Actual installed renewable capacity is tracking above the fastest Step Change scenario originally envisioned in the 2020 Integrated
Slide 21: Connecting the Future – Infrastructure
STRATEGY Connecting the Future – Infrastructure • AEMO’s Integrated System Plan underlines the scale of infrastructure in the next two decades to replace and cope with a huge increase in demand; driven by economic growth, green industries and electrification of homes, businesses and cars. • AEMO’s s
Slide 22: Major Network Upgrade & Maintenance
Major Network Upgrade & Maintenance Western Power SWIS Network • Genus will deliver a major program of maintenance and upgrade works for Western Power, a Western Australian State Government-owned corporation responsible for building, maintaining and operating the South West Interconnecting System (S
Slide 23: North Star Junction Solar Farm E&I Works
North Star Junction Solar Farm E&I Works Connecting a major utility-scale solar asset Hybrid OHL Line • Genus successfully delivered key electrical works for Fortescue at the 100MW North Star Junction Solar Inclusive of drilling Farm, 26km west of Iron Bridge. operations • The Solar Farm will elimin
Slide 24: Major asset-upgrade, maintenance & reinforcement contracts
Major asset-upgrade, maintenance & reinforcement contracts • Multiple variations to our Standing Order with Energy Maintaining . strong relationships with our Utilities Queensland for Network Asset Inspections, worth a client base combined $120M. • 2-year contract with Ausgrid, valued at $4.5M follo
Slide 25: Strategy Update – Communications
STRATEGY Telecommunications Infrastructure Construction in Australia Strategy Update – Communications • The NBN N2P Evolution Module contract is progressing well. • Our Partnership with NBN continues to mature, and we are working closely to ensure work continuity. • NBN is in the final stages in sec
Slide 26: Strategy Update – Industrial Services
STRATEGY Strategy Update – Industrial Services Utility Scale Renewable Projects Industrial Services will expand on the current market offering of BESS to include Wind and Solar EPC Projects. • Targeting High-Growth Regions: Focus on regions within Australia with strong wind and solar potential, part
Slide 27: Market Snapshot – Industrial Services
STRATEGY Market Snapshot – Industrial Services As resources and energy projects in Australia increasingly adopt advanced automation technologies, the need for specialised E&I services is growing. • Growth of Hydrogen and Energy Projects: The rising interest in hydrogen production and the expansion o
Slide 28: Corporate Overview
CORPORATE Corporate Overview 21 August 23 August Share price history & Shareholder information 2023 2024 Share Price (20 August 2024) A$/sh $1.20 $2.28 Number of Shares M 177.7 177.7 Market Cap A$M $213.3 $405.2 Cash A$M $46.7 $101.0 FY2024 Results | Investor Presentation Debt (excluding ROU Propert
Slide 29: Reconciliation of Non-IFRS Financial Information
Appendix Reconciliation of Non-IFRS Financial Information $ Millions FY2023 FY2024 Profit for the year (as reported) 13.4 19.3 Add Back Amortisation relating to acquisition intangible assets after tax 2.3 2.3 Notes: NPAT-A 15.7 21.5 EBITDA/EBIT-A/NPAT-A are non-IFRS measures that are unaudited but d
Slide 30: Important Notice
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