Srg Global Limited · ASX:SRG
Srg Global — Euroz Hartleys Rottnest Presentation 2024
22 slides from Srg Global's conference presentation, Mar 13, 2024
Slide 1: Euroz Hartleys Rottnest Presentation March 2024
For personal use only EUROZ HARTLEYS ROTTNEST PRESENTATION March 2024 1
Slide 2: Diversified industrial services company
For personal use only We are a diversified We bring an engineering The most sought-after industrial services mindset to deliver diversified industrial company critical services for services business major industry 2
Slide 3: Profile: Services Company
PROFILE SERVICES COMPANY 3,500 20+ OPERATING For personal use only SEGMENTS Asset Maintenance People Industries Mining Services Engineering & Construction 100+ 5 Sites Countries OWNERSHIP STRUCTURE 11% Management / Board $1b+ 400 53% Institutional Revenue Market Cap ($m) 3
Slide 4: Executive Summary
EXECUTIVE For personal use only Record Financial Robust Financial Result Platform EBITDA of $45.1m, up 33% on 1H FY23 Cash conversion of 133% (now net cash position) EBIT(A) of $28.4m, up 36% on 1H FY23 Interim fully franked dividend of 2.0 cps Winning and Upgraded Growth Executing Outlook Work in H
Slide 5: Above market financial performance
For personal use only SRG Global delivers above market financial performance 1H FY23 1H FY24 CHANGE Revenue $380.0m $510.7m ▲ 34% Continuing to convert opportunity EBITDA $34.0m $45.1m ▲ 33% pipeline with blue chip clients EBIT(A) $20.9m $28.4m ▲ 36% Transitioned to net cash of $6.4m from NPAT(A) $1
Slide 6: Most sought-after diversified industrial services business
LING Ws MOST SOUGHT-AFTER DIVERSIFIED INDUSTRIAL SERVICES BUSINESS LEADERSHIP HORIZON v Zero Harm / ESG industry leader and recognised employer / partner of choice wv Domestic / International growth in Engineered Products across all SRG operating segments wv Selective strategic acquisitions to compl
Slide 7: Executing the SRG Global Strategy
For personal use only Clear evidence of continuing to execute the SRG Global Strategy 1H FY21 1H FY22 1H FY23 1H FY24 Revenue $283.0m $297.0m $380.0m $510.7m Business successfully transitioned to EBITDA $20.5m $27.0m $34.0m $45.1m annuity / recurring earnings EBIT(A) $9.5m $15.9m $20.9m $28.4m Track
Slide 8: Strategic Transformation
STRATEGIC TRANSFORMATION For personal use only FY24 EBITDA Guidance Upgraded To Diversified Industrial Services Business $95m - $100m Annuity / Recurring Earnings Profile Exposure to Diverse Sectors and Geographies Opportunity Pipeline of $6.5b Quality Earnings Profile Robust commercial framework wi
Slide 9: Underpinned By A
For personal use only UNDERPINNED BY A 9
Slide 10: Operating Segments
For personal use only SEGMENTS OPERATING 10
Slide 11: Geographic Footprint
GEOGRAPHIC FOOTPRINT For personal use only 11 11
Slide 12: Asset Maintenance
ASSET MAINTENANCE For personal use only WHAT WE DO CORE SERVICES Integrated multi-disciplinary maintenance, • Specialist Maintenance access solutions, asset repair and protection • Access Solutions services that sustain and extend critical • Asset Monitoring and Testing industries and infrastructure
Slide 13: Asset Maintenance
ASSET MAINTENANCE Long-term contracts secured For personal use only Term contracts with Transpower NZ, AGL, Sydney Water, Iluka Resources, QAL, FMG, Babcock and Transport VIC Geographic expansion Embedded across Western Australia, South Australia, Victoria, Queensland, New South Wales and New Zealan
Slide 14: Mining Services
MINING SERVICES For personal use only WHAT WE DO CORE SERVICES The critical drill and blast, performance • Production Drill and Blast analytics software and ground stabilisation • Geotechnical Services services that keep mine production moving EARNINGS Annuity / Recurring 14 14
Slide 15: Mining Services
MINING SERVICES For personal use only Multiple Contract wins Secured new term contracts with Genesis Mining in the Goldfields and Evolution Gold across Australia to continue growth trajectory in quality commodities Orbix data intelligence software Our in-house developed analytics software ‘Orbix’ co
Slide 16: Engineering & Construction
ENGINEERING & CONSTRUCTION For personal use only WHAT WE DO CORE SERVICES Specialist engineering and construction of • Civil Infrastructure critical infrastructure focused on dams, • Specialist Building bridges, tanks, wind farms, engineered • Engineered Products facades and mine infrastructure acro
Slide 17: Engineering & Construction
ENGINEERING & CONSTRUCTION First major R5/B4 project secured For personal use only Secured $90m Jervis Bay integrated road and bridge project for Transport NSW with recently attained highest national road and bridge accreditation (R5/B4) Market leader in Specialist Facades Strategy of winning work w
Slide 18: Outlook
For personal use only OUTLOOK 18
Slide 19: Outlook
OUTLOOK Operating segment performance… …driving positive momentum For personal use only Asset Maintenance Delivering step change growth in diverse sectors with blue-chip clients FY24 EBITDA guidance upgraded to $95m - $100m Mining Services Strength / diversity of business provides ongoing Operating
Slide 20: Investment
INVESTMENT For personal use only End-to-end Diverse Highly scalable asset lifecycle market sectors / business capability geographies model Annuity Capital light High yield earnings investment dividend profile profile stock 20
Slide 21: SRG Global
For personal use only SRG GLOBAL srgglobal.com.au 21
Slide 22: Disclaimer
DISCLAIMER This presentation has been prepared by SRG Global Limited (ABN 81 104 662 259) (SRG). By accessing this presentation you acknowledge that you have read and understood the following statement This presentation contains general summary information about SRG. The information, opinions or onc
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