Gr Engineering Services Ltd · ASX:GNG
Gr Engineering Services — Shareholder Meeting (November 2023)
12 slides from Gr Engineering Services's shareholder meeting presentation, Nov 22, 2023
Slide 1: Annual General Meeting Presentation
Providing global mineral processing solutions ASX:GNG ASX:ABC GR Engineering Services Limited Annual General Meeting Presentation 22 November 2023
Slide 2: FY23 Results
FY23 Results GR Engineering reported FY23 revenue of $551.4 million and EBITDA of $44.4 million. FY23 revenue was higher than the revenue guidance of $500 million to $530 million provided at the Annual General Meeting on 23 November 2022. The EBITDA margin percentage improved in the second hal
Slide 3: FY23 Results Summary
FY23 Results Summary Earnings Balance Sheet & Cash Flow Revenue Cash $800m $120m $600m $90m $400m FY23 FY22 $60m FY22 FY23 $200m 551.4 651.7 102.0 $30m 86.0 $0m $0m EBITDA Net Assets $60m $80m $60m $40m FY23 FY22 $40m FY23 FY22 $20m 44.4 55.8 $20m 59.7 62.2 $0m $0m PBT Total Dividends (Fully Franked
Slide 4: Balance sheet
Balance sheet Strong balance sheet maintained at 30 June 2023. At 30 June 2023, GR Engineering held a cash balance of $86.0 million (30 June 2022: $102.0 million) with negligible external bank debt. During FY23, the business paid out $30.7 million in fully franked dividends to GR Engineering s
Slide 5: Mineral Processing
Mineral Processing GR Engineering’s design and construction order book of current work includes: Company Project Type ($’m) BHP Group Limited West Musgrave Project EPC / EPCM 312 Evolution Mining Limited Mungari Future Growth EPC 155 Project K92 Mining Ltd Kainantu Gold Mine – 1.2Mpta EPC USD81 Pr
Slide 6: Energy – GR Production Services (GRPS)
Energy – GR Production Services (GRPS) GR Engineering’s wholly owned subsidiary, GR Production Services (GRPS) (formerly known as Upstream Production Solutions or UPS), generates longer term operations and maintenance (O&M) services revenue alongside project based design and construction work. G
Slide 7: Process Controls Systems - Mipac
Process Controls Systems - Mipac Mipac is a leading global provider of controls systems, operational technology and engineering services primarily in the mineral processing, energy and water industries. During FY23, Mipac continued to deliver solutions for key repeat clients such as First Quantu
Slide 8: Environmental Social Governance
Environmental Social Governance 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. - GR Engineering regularly partn
Slide 9: Outlook
Outlook 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 pipeline and the high l
Slide 10: Corporate Profile
Corporate Profile Capital Structure Share Price History Shares on issue m 165.0 3.00 800,000 700,000 Share price (GNG.ASX) (20 Nov 2023) $ 2.27 2.50 600,000 Market Capitalisation $m 374.4 2.00 500,000 1.50 400,000 Cash (30 Jun 2023) $m 86.0 300,000 1.00 Debt (30 Jun 2023) (excluding lease liabilitie
Slide 11: Contact Details
Contact Details Tony Patrizi Key locations 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 +61 7 3838 8000 Level
Slide 12: Disclaimer
Disclaimer RELIANCE ON THIRD PARTY INFORMATION NO OFFER OF SECURITIES DISCLOSURE OF NON- IFRS FINANCIAL This presentation may contain information that has been Nothing in this presentation should be construed as INFORMATION derived from publicly available sources that have not either an offer to sel
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