Nrw Holdings Limited · ASX:NWH
Nrw — FY2020 Earnings Presentation
22 slides from Nrw's earnings presentation, Aug 19, 2020
Slide 1: NRW Holdings Full Year Results
For personal use only NRW HOLDINGS FULL YEAR RESULTS 19 August 2020
Slide 2: Results Overview
RESULTS OVERVIEW FINANCIAL OPERATIONAL STRATEGIC • Record Revenue of $2,062M up 83% • 4th Pillar - Outstanding performance • Successful acquisition of BGC For personal use only on pcp. delivered by RCR Mining Technologies Contracting completed in December 2019 (RCRMT) including the successful now fu
Slide 3: HSE & People
HSE & PEOPLE SAFETY HEADCOUNT • It was with great sadness we reported the fatalities of Jack Gerdes, an For personal use only employee of Golding at the Baralaba North Coal Mine on 7 July 2019, 8000 JUN 20 and Howard Prosser an employee of DIAB Engineering working at the 7000 Roy Hill Iron Ore mine
Slide 4: Financial Overview
FINANCIAL OVERVIEW For personal use only FINANCIAL OVERVIEW 4
Slide 5: Financials
FINANCIALS • Revenue growth from order wins in civil +7 months of BGC Contracting. • Strong cash growth and $82.4M of debt repayments in the year. • Earnings • BGC Contracting adds circa $200M of tangible assets – Goodwill o Growth mainly from revenue; at around 20% of headline purchase price. For p
Slide 6: Cashflow
CASHFLOW • Strong cash conversion - very low working capital increase. • BGC acquisition funded through new equity (raised at a premium) and assumption of asset financing debt in the business. For personal use only • Capex to support Mining contract extensions and ongoing fleet maintenance (around 5
Slide 7: Business Structure & Performance
BUSINESS STRUCTURE & PERFORMANCE For personal use only BUSINESS STRUCTURE & PERFORMANCE 7
Slide 8: Positioned for Future Growth Through Strategic Acquisitions
POSITIONED FOR FUTURE GROWTH THROUGH STRATEGIC ACQUISITIONS $2B $2B The acquisition of BGC Contracting significantly enhances the For personal use only Company’s ability to participate as a large construction partner in public works projects and adds further scale and diversity across Australian res
Slide 9: Strategic Growth
STRATEGIC GROWTH • Positioned to address growing public infrastructure pipeline in WA For personal use only • Preferred contractor Bunbury Outer Ring Road • Shortlist proponent in: o Mitchell Freeway Extension H2R o Mitchell Freeway Southbound Widening o Leach Highway and Welshpool Road Interchange
Slide 10: Business Structure
BUSINESS STRUCTURE For personal use only MINING CIVIL REVENUE MINING REVENUE DRILL & BLAST TECHNOLOGIES $969.7M REVENUE $811.0M REVENUE $172.7M $187.2M ↑111% ↑55% ↑22% ↑500% CIVIL MINING DRILL & BLAST MINING TECHNOLOGIES NRW Civil NRW Mining Action Drill & Blast RCR Mining Technologies BGC Contracti
Slide 11: Civil
CIVIL For personal use only CIVIL 11
Slide 12: Civil
CIVIL RESULTS OUTLOOK PUBLIC INFRASTRUCTURE FY20 FY19 Revenue 811.0 383.5 • Revenue growth from Resources project • Preferred on Bunbury Outer Ring Road. For personal use only wins (Eliwana, South Flank, Koodaideri, • Another 4 infrastructure packages EBITDA 32.1 4.0% 19.1 5.0% Iron Bridge) and addi
Slide 13: Mining
MINING For personal use only MINING 13
Slide 14: Mining
MINING RESULTS COMMODITIES OUTLOOK • Revenue increased to $969.7M up 55%. • Coal projects included work for Stanmore • Increasing opportunities in gold and other For personal use only Growth in both revenue and earnings Coal at Isaac Plains, Coronado Coal at hard rock commodities. mostly due to the
Slide 15: Drill & Blast
DRILL & BLAST For personal use only DRILL & BLAST 15
Slide 16: Drill & Blast
DRILL & BLAST RESULTS OUTLOOK FY20 FY19 • Revenue increased to $172.7M up from • New highly experienced leadership in Revenue 172.7 140.9 For personal use only $140.9M. Andrew Broad focussed on improving EBITDA 21.4 12.4% 12.0 8.5% efficiencies and business growth • Activity levels increased as a re
Slide 17: Mining Technologies (Maintenance)
MINING TECHNOLOGIES For personal use only (MAINTENANCE) MINING TECHNOLOGIES 17
Slide 18: Mining Technologies
MINING TECHNOLOGIES RESULTS OUTLOOK • Revenue delivery of $187.2M across the business was • The combination of RCRMT and DIAB Engineering has resulted in the For personal use only ahead of expectations and earnings were strong. formation of NRW’s 4th Pillar – “Mining Technologies”. • These businesse
Slide 19: Summary
SUMMARY For personal use only SUMMARY 19
Slide 20: Tender Pipeline & Outlook
TENDER PIPELINE & OUTLOOK • Order book post the announcement of the Bunbury Outer Ring Road is circa $3.5B. • FY21 revenue forecast between $2.2B to $2.3B - $2B covered(1). • Tender Pipeline increased to $12.9B, of which NRW has current submitted tenders of circa $1.4B. For personal use only • COVID
Slide 21: Disclaimer
DISCLAIMER SUMMARY INFORMATION • This Presentation contains summary information about NRW and its associated entities and their activities current only at the date For personal use only of this Presentation. • This Presentation is for general information purposes only and does not purport to be comp
Slide 22: NRW.COM.AU
For personal use only NRW.COM.AU