Slide 1: Investor Presentation
Providing global mineral processing solutions ASX:GNG ASX:ABC For personal use only GR Engineering Services Limited Investor Presentation 22 February 2024
Slide 2: HY24 Results
HY24 Results GR Engineering reported HY24 revenue of $187.3 million and EBITDA of $22.6 million. For personal use only During HY24, GR Engineering successfully delivered multiple major projects, including the Thunderbird Mineral Sands Project, Bellevue Gold Project and Cosmos Nickel Concentrator
Slide 3: HY24 Results Summary
HY24 Results Summary Earnings Balance Sheet & Cash Flow For personal use only Revenue Cash $400m $90m $60m $200m HY23 HY23 HY24 331.9 $30m HY24 83.4 187.3 58.4 $0m $0m EBITDA Net Assets $30m $80m $20m $40m HY24 HY23 HY24 HY23 59.0 $10m 58.3 22.6 20.6 $0m $0m PBT Dividends (Fully Franked)* $30m 10cps
Slide 4: Balance sheet
Balance sheet For personal use only Strong balance sheet maintained at 31 December 2023. At 31 December 2023, GR Engineering held a cash balance of $58.4 million with negligible external bank debt. During HY24, the business paid out $16.5 million in fully franked dividends to GR Engineering sh
Slide 5: Mineral Processing
Mineral Processing GR Engineering’s design and construction order book of current work includes: For personal use only Company Project Type ($’m) BHP Group Limited West Musgrave Project EPCM, 312 EPC Evolution Mining Limited Mungari Future Growth EPC 155 Project K92 Mining Ltd Kainantu Gold Mine –
Slide 6: Energy – GR Production Services (GRPS)
Energy – GR Production Services (GRPS) For personal use only GR Engineering’s wholly owned subsidiary, GR Production Services (GRPS), generates longer term operations and maintenance (O&M) services revenue alongside project based design and construction work. GRPS’s contracted pipeline includes,
Slide 7: Process Controls Systems – Mipac
Process Controls Systems – Mipac Mipac is a leading global provider of controls systems, operational technology and For personal use only engineering services primarily in the mineral processing, energy and water industries. During HY24, Mipac continued to deliver solutions for key repeat client
Slide 8: Environmental Social Governance
Environmental Social Governance For personal use only At GR Engineering we: - Support our communities, including: - Promote and encourage diversity in our workforce and operations. We recognise that a diverse workforce is a contributor to the business achieving its strategic objectives. - Regularl
Slide 9: Outlook
Outlook For personal use only GR Engineering’s contracted and near term pipeline across the group is strong and is continuing to grow. GR Engineering is also currently working on a high volume of studies across a broad range of commodities and geographies. Based on the contracted and near term p
Slide 10: Corporate Profile
Corporate Profile Capital Structure Share Price History For personal use only 3.00 Shares on issue m 165.0 1,400,000 2.50 Share price (GNG.ASX) (20 Feb 2024) $ 2.29 1,200,000 2.00 1,000,000 Market Capitalisation $m 377.9 1.50 800,000 Cash (31 Dec 2023) $m 58.4 600,000 1.00 Debt (31 Dec 2023) (exclud
Slide 11: Contact Details
Contact Details Tony Patrizi Key locations For personal use only Managing Director GR Engineering 71 Daly Street Building 3, Level 3, +61 8 6272 6000 Ascot WA 6104 Kings Row Office Park PO Box 258 42 McDougall Street tony.patrizi@gres.com.au Belmont WA 6984 Milton QLD 4064 +61 8 6272 6000
Slide 12: Disclaimer
Disclaimer RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL INFORMATION For personal use only This presentation may contain information that has been derived Nothing in this presentation should be construed as either an offer Throughout this presentation,