Genusplus Group Ltd. · ASX:GNP
Genusplus — Shareholder Meeting (November 2023)
36 slides from Genusplus's shareholder meeting presentation, Nov 24, 2023
Slide 1: Chairman's & Managing Director's Address to 2023 Annual General Meeting
ASX Release 24 November 2023 For immediate release to the market CHAIRMAN’S & MANAGING DIRECTOR’S ADDRESS TO 2023 ANNUAL GENERAL MEETING Good morning ladies and gentlemen. My name is Simon High, Chairman of the Board of GenusPlus Group. On behalf of the Company’s Board, I’d like to welcome you to ou
Slide 2: Chairman's Remarks
ASX Release 24 November 2023 For immediate release to the market Chairman’s Remarks A strong result as industry tailwinds increase Genus produced a strong financial result this year, in the face of some major project delays and both inflationary and skilled labour-related challenges. Revenue for the
Slide 3: Chairman's Remarks (continued)
ASX Release 24 November 2023 For immediate release to the market The Australian Energy Market Commission considers this existing system to be one of the largest power networks globally. The Australian Government’s Rewiring the Nation policy and other Government mechanisms are designed to enable and
Slide 4: Positioned for strong growth
ASX Release 24 November 2023 For immediate release to the market tireless efforts and focus on safety by our outstanding operational teams and across the Group. Positioned for strong growth Through FY2023 we maintained a healthy forward-looking focus on integrating acquisitions and consolidating int
Slide 5: Managing Director's Remarks
ASX Release 24 November 2023 For immediate release to the market Our talented people and their commitment and dedication always have and always will form the bedrock of our business. To each and every one – thank you. Finally, I again would like to thank you, our shareholders, for continuing to be a
Slide 6: Managing Director's Remarks (continued)
ASX Release 24 November 2023 For immediate release to the market As a company with a long history of delivering projects in first nations communities, we were proud to announce our formal reconciliation action plan during the year, joining over 2500 companies striving for reconciliation across our c
Slide 7: 2023 Annual General Meeting
2023 Annual General Meeting 24 November 2023 Grant Thornton Level 43 152-158 St Georges Terrace Perth, Western Australia
Slide 8: Meeting Agenda
02 Meeting Agenda 1. Welcome and Introduction 2. Chair’s Address 3. Formal Business 4. Managing Director and CEO’s Address 5. Results of Poll 6. Closing 2023 AGM | Investor presentation
Slide 9: Chair's Address
Chair’s Address 2023 Annual General Meeting 24 November 2023
Slide 10: Formal Business: Items of Business
Formal Business 04 Items of Business 1. Financial Statements & Reports 2. Resolution 1 – Adoption of the Renumeration Report 3. Resolution 2 – Re-election of Director – Paul Gavazzi 4. Resolution 3 – Approval of 10% Placement Facility 5. Resolution 4 – Approval of ESIP 6. Resolution 5 – Approval of
Slide 11: Resolution 1: Adoption of the Remuneration Report
Formal Business 05 Resolution 1: Adoption of the Remuneration Report Resolution 1 For Against Open1 Abstain Adoption of 15,862,459 80,700 1,076,422 - Remuneration Report (Non-Binding) 93.2% 0.5% 6.3% - 2023 AGM | Investor presentation Note: 1. Open votes in favour of the Chairman will be voted in fa
Slide 12: Resolution 2: Re-election of Director – Paul Gavazzi
Formal Business 06 Resolution 2: Re-election of Director – Paul Gavazzi Resolution 2 For Against Open Abstain Re-election of 20,652,011 124,696 356,006 - Mr Paul Gavazzi 97.7% 0.6% 1.7% - 2023 AGM | Investor presentation
Slide 13: Resolution 3: Approval of 10% Placement Facility
Formal Business 07 Resolution 3: Approval of 10% Placement Facility Resolution 3 For Against Open1 Abstain Approval of 10% 20,509,457 260,167 356,006 7,083 Placement Facility 97.1% 1.2% 1.7% - 2023 AGM | Investor presentation
Slide 14: Resolution 4: Approval of ESIP
Formal Business 08 Resolution 4: Approval of ESIP Resolution 4 For Against Open1 Abstain Approval of ESIP 15,702,605 176,971 1,078,922 61,083 92.6% 1.0% 6.4% - 2023 AGM | Investor presentation
Slide 15: Resolution 5: Approval of Tax Exempt Plan
Formal Business 09 Resolution 5: Approval of Tax Exempt Plan Resolution 5 For Against Open1 Abstain Approval of Tax 15,658,018 224,558 1,078,922 58,083 Exempt Plan 92.3% 1.3% 6.4% - 2023 AGM | Investor presentation
Slide 16: Resolution 6: Approval of potential termination benefits under the ESIP
Formal Business 10 Resolution 6: Approval of potential termination benefits under the ESIP Resolution 6 For Against Open1 Abstain Approval of 15,697,318 226,558 1,356,006 16,783 potential termination benefits 90.8% 1.3% 7.9% - 2023 AGM | Investor presentation
Slide 17: Resolution 7: Modification to existing Constitution
Formal Business 11 Resolution 7: Modification to existing Constitution Resolution 7 For Against Open1 Abstain Modification to 18,829,848 1,888,276 353,506 61,083 existing Constitution 89.4% 8.9% 1.7% - 2023 AGM | Investor presentation
Slide 18: Resolution 8: Re-insertion of Proportional Takeover Bid Approval Provisions
Formal Business 12 Resolution 8: Re-insertion of Proportional Takeover Bid Approval Provisions Resolution 8 For Against Open1 Abstain Re-insertion of 20,595,853 126,271 353,506 57,083 Proportional Takeover Bid Approval 97.7% 0.6% 1.7% - Provisions 2023 AGM | Investor presentation
Slide 19: Managing Director's Address
Managing Director’s Address 2023 Annual General Meeting 24 November 2023
Slide 20: Part 1: Our Company; Part 2: Outlook & Growth Strategy
Part 1: Our Company Group Snapshot……………..……15 Financial Highlights………..……16 FY24 Outlook Summary....……17 Operational Highlights..…..……18 SHEQ & People………............….…20 Part 2: Outlook & Growth Strategy Growth & Market Drivers…..….23 Strategy………………..….…………24 14
Slide 21: Group Snapshot
34% $444m 3 of Group Revenue FY23 derived from East Coast Operations Revenue Operating Group Snapshot Segments Communications ~835 Employees Infrastructure 2.4 across Australia MINING 37% TRIFR COMMUNICATIONS 14% @ 30 June 2023 ~95 POWER INFRASTRUCTURE 36% Industrial Services Apprentices, Trainees &
Slide 22: FY2023 Financial Highlights
FY2023 Financial Highlights Revenue of $444m $444M Down 1% on PCP Record Normalised EBITDA of $36.8m $36.8M Up 4.8% on PCP Normalised EBITDA for H2 of $19.6 million v H1 $17.2 million Statutory NPAT of $13.4m $13.4M Down 1% on PCP NPAT for H2 of $7 million v H1 $6.4 million NPAT-A of $15.7m $15.7M U
Slide 23: Summary of FY24 Outlook
OUTLOOK SUMMARY 17 Summary of FY24 Outlook 2,000 • With industry tailwinds gaining momentum, Genus 1,863 1,800 expects to capitalise on this underlying momentum to 1,600 deliver high single to low double-digit growth in EBITDA in FY2024 1,400 976.0 FY26+ • Expected recurring revenue forecast to cont
Slide 24: FY23 Highlights
HIGHLIGHTS 18 FY23 Highlights Operational • FY23 was a strong year despite a focus on the integration of acquisitions, consolidation of internal management systems, procedures and organisational structures in order to create a solid platform for future strong growth with significant progress made to
Slide 25: FY23 Highlights (cont.)
HIGHLIGHTS 19 FY23 Highlights (cont.) Strategic • Genus continues to benefit from its longstanding partnerships in the WA market, which has a strong pipeline of work. • Tendering, delivering, and managing economic challenges relating to materials and labour in the current market remain top prioritie
Slide 26: SHEQ & People
SHEQ & PEOPLE 20 SHEQ • GNP & all 10 x entities triple ISO Management System FY23 Certified (45001, 14001 & 9001) with no non- DEC 21 JUN 22 DEC 22 JUN 23 Target conformances identified. • Development of Genus Climate Strategy & GHG 3.5 3.3 3.6 3.2 2.4 TRIFR emissions framework. • LTIFR at 30 June 2
Slide 27: Reconciliation Action Plan – RAP
RAP 21 Reconciliation Action Plan – RAP • Genus has joined a network of more than 2200 organisations which have made a formal commitment to advance reconciliation through the RAP Program. • The Genus Reflect RAP has been formally approved by Reconciliation Australia and is available on its website.
Slide 28: Part 2: Outlook & Growth Strategy
Part 2 Outlook & Growth Strategy 22
Slide 29: Growth Strategy & Market Drivers for Infrastructure & Industrial Services
MARKET DRIVERS 23 Growth Strategy & Market Drivers for Infrastructure & Industrial Services • Continuing expansion into East Coast markets, leveraging strategic acquisitions in QLD, NSW & TAS. • Capitalise on investment in energy-intensive assets; creating demand for upgraded or new transmission inf
Slide 30: Connecting the Future – Infrastructure
STRATEGY 24 Connecting the Future – Infrastructure • The Federal Government $20 billion Rewiring the Nation Plan is designed to ensure the transmission infrastructure is funded and delivered. • Replacement dispatchable capacity of 47 GW from battery and hydro storage is required to firm renewable en
Slide 31: Australia's Energy Networks are Evolving. We're Ready.
Australia’s Energy Networks are Evolving. We’re Ready. QLD VIC NSW Source: AEMO. Victorian Annual Planning Report 2022 Source: Future Network Projects, Transgrid. Transmission Annual Planning Report - October 2022 Source: Queensland Supergrid WA Infrastructure Blueprint 2022 SA TAS Source: SWIS Dema
Slide 32: Strategy Update – Industrial Services: Utility BESS Projects
STRATEGY 26 Strategy Update – Industrial Services Utility BESS Projects • Energy storage installations in Australia will grow from 500 MW to more than 12.8 GW by 2030. Today, Australia makes up less than 3% of the total global installations for battery energy storage and is the seventh largest marke
Slide 33: Strategy Update – Industrial Services: Switchyard EPC Services
STRATEGY 27 Strategy Update – Industrial Services Switchyard EPC Services • The Australian switchyard services market is expected to grow at a CAGR of 5.7% over the forecast period. Increasing electricity generation and consumption along with the changing power generation industry dynamics, • The ma
Slide 34: Market Snapshot – Industrial Services
MARKET SNAPSHOT 28 Market Snapshot – Industrial Services • There are significant opportunities emerging from Australia’s mining, resources & energy sector especially in the new energy economy. • Hydrogen, ammonia, and carbon capture & storage (CCS) projects account for $303 billion. With this expa
Slide 35: Strategy Update – Communications
STRATEGY 29 Strategy Update – Communications • Awarded 3 year nbn Master Agreement with 1 year option resulting in Mega Vendor contracts with both Telstra & nbn. • Telstra Copper Recovery expanding into its second year. • Telstra Blackspot & Regional Connectivity continues to grow. • Strengthened st
Slide 36: Important Notice – Disclaimer
30 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
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