Slide 1: FY23 Results Investor Presentation
24 August 2023 FY23 Results Investor Presentation SHAPE Australia Corporation Limited (SHAPE) attaches a copy of the FY23 Results Investor Presentation. ENDS This announcement was authorised for release by the Board of Directors. About SHAPE: SHAPE Australia (ASX: SHA) is a leading national fitout a
Slide 2: FY23 Full Year Results Presentation
Happy Co Office Fitout, Adelaide FY23 Full Year Results Presentation 24 August 2023 SHAPE AUSTRALIA CORPORATION LIMITED ABN 14 654 729 352
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in SHAPE Australia Corporation Limited or any other company. D
Slide 4: Welcome
Welcome shape.com.au
Slide 5: Financial Highlights
Financial Highlights Revenue EBITDA Net Profit After Tax $862.4m $19.4m $10.5m STATUTORY UNDERLYING STATUTORY UNDERLYING 31% 27% 104% 46% 225% Backlog Orders Cash Project Wins $343.0m $90.6m $802.1m 10% 2% 13% Identified Pipeline Earnings per Share Declared Dividends per Share $3.8b 12.6 cents 11.5
Slide 6: Diversification of projects drives business resilience
Diversification of projects drives business resilience 5% 25% 48% 85% 86% 23% External Internal Repeat Work New Client 4 months or less 4-6 months 6-12 months More than 12 months Project Duration Interior Works vs Repeat Work Exterior Works Order book is strongly weighted with High proportion of rep
Slide 7: Strong cash position with flexibility to maximise opportunities
Strong cash position with flexibility to maximise opportunities Diligent Cash Management • Consistent application of rigorous cash management processes by project teams. • Diligent capital management to support prequalifications and external financial assessments. • Average daily cash throughout FY2
Slide 8: FY23 Operational Highlights
FY23 Operational Highlights Our safety commitment and culture is led by our "Path to Perfect Safety" programme: › Recordable injuries reduced by 37% - down from 27 to 17. OPERATIONAL › TRIFR improved by 41% - down from 6.7 to 3.8. EXCELLENCE › LTIFR improved by 55% - down from 2.0 to 0.9. › All Stat
Slide 9: Financial Commentary
Financial $’000 FY23 FY22 Movement Commentary Revenue 862,367 658,327 31% • Positive business performance in FY23 with 31% increase in Revenue. Underlying EBITDA 19,444 9,534 104% • FY23 Statutory and Underlying metrics were identical. • Underlying NPAT increased 225% on prior corresponding peri
Slide 10: Key Sector & Project Overview
Key Sector & Project Overview FIGURES AS AT 30 JUNE 2023 FY20 FY21 $900 $800 $700 $600 $500 $400 $300 $200 $100 $- FY20 FY21 FY22 FY23 NSW VIC SA QLD WA ACT NT Revenue by Region Revenue by Capability Maintained a strong tender conversion rate 53% (By number) shape.com.au 9
Slide 11: Increasing pipeline underpins future performance
Increasing pipeline underpins future performance Key Sector & Project Overview Identified Pipeline $3.8bn 41% Increase on FY22 (2.7bn) Tendering $148m Decision Pending $391m Projects Won $802m Backlog Order Book by Sector Pipeline by Sector shape.com.au FIGURES AS AT 30 JUNE 2023 10
Slide 12: DLG SHAPE
DLG SHAPE • Continued strong performance for DLG SHAPE with sales of $41.6m, up from $31.3m the previous year. • SHAPE maintained 49% ownership, with 51% held by David Liddiard Group (DLG). • Largest annual spend to date through Indigenous supply chain ($8.76m). • DLG SHAPE remain committed to promo
Slide 13: Growth strategy
Growth strategy SHAPE’s growth strategy is focused on three pillars 1. Growth/diversification into non-core market sectors Revenue FY23 FY22 Movement Hotels $49.2m $28.6m ↑ 72% Health $47.8m $45.3m ↑ 5% Retail $21.2m $12.0m ↑ 77% Education $77.4m $41.6m ↑ 86% Defence $48.8m $24.2m ↑ 101% 2. Capabili
Slide 14: Continued investment in safety leadership, systems, and technology
Continued investment in safety leadership, systems, and technology • 43% improvement in TRIFR performance. • Recordable injuries reduced by 37% - down from 27 to 17. • LTIFR improved by 55% - down from 2.0 to 0.9. • SHAPE continues to invest in safety leadership, systems, and technology. • Continued
Slide 15: Sustainability
Sustainability Projects 2,959 tCo2-e Carbon Neutral Delivered Carbon footprint measured for the Climate Active certification achieved 13 projects worth $191m first time to establish impact for Corporate Operations Carbon Accounting SHAPE Offices GreenPower Software Implemented Green Star accredited
Slide 16: SHAPE Modular
Bacchus Marsh Grammar Construction of Classrooms and Library at Maddingley Campus secured in Q4 KLMSA (acquired in March 2022) SHAPE Modular (National) SHAPE Modular • Sales of $24.6m and earnings accretive in year one. • Group Manager - Modular appointed to lead the • Strong pipeline of work with
Slide 17: Financial Operations Summary
Summary Financial Operations • SHAPE is well positioned with continued investment in strategic • Highly engaged workforce and strong market relationships with growth initiatives. clients, consultants, and subcontractors. • Significant increase in revenue through both core and non-core • Majority of
Slide 18: Questions?
Questions? shape.com.au
Slide 19: Appendix
Appendix shape.com.au
Slide 20: Appendix A Reconciliation of profit before income tax to EBITDA and Underlying EBITDA
Appendix A Reconciliation of profit before income tax to EBITDA and Underlying EBITDA (unaudited) 30 Jun 2023 30 Jun 2022 $’000 $’000 Profit before income tax 15,480 10,377 Depreciation and amortisation 4,955 4,528 Interest revenue (2,421) (207) Finance costs 1,430 563 EBITDA 19,444 15,261 Initial P
Slide 21: Corporate Snapshot
Corporate Snapshot Our Vision Our vision is to be the partner of choice and the place where everyone wants to work. Markets and Industries Serviced Leading national fitout and Operating with a truly national footprint across our network of ten branches, we build the best teams for every project. Our