Civmec Limited · SGX:P9D
Civmec — Shareholder Meeting (October 2018)
27 slides from Civmec's shareholder meeting presentation, Oct 25, 2018
Slide 1: Civmec 2018 AGM
For personal use only Civmec 2018 AGM STRATEGIC ENGAGEMENT, UNLOCKING OUR POTENTIAL. 1
Slide 2: About Civmec
About Civmec For personal use only Australian-based, integrated multi-disciplinary heavy engineering, construction and maintenance services provider to a range of sectors including: 2
Slide 3: Dual Listing
Dual Listing For personal use only Civmec’s dual listing was achieved in June 2018 which will provide a number of material benefits, including: Share Price ASX v SGX 0.850 • increasing Civmec’s profile in the Australian 0.800 0.750 market, with the potential for greater analyst 0.700 coverage and me
Slide 4: Year in Review
For personal use only 4 Year in Review
Slide 5: FY Group Highlights
FY 18 Group Highlights For personal use only Financial Operational Strategy & Outlook • Sales Revenue of S$738.7m, more than • S$800m in value of contracts awarded and • Order book of S$699m as at 30 June 2018 double that of previous year extended in FY18, across all operating • Visibility of projec
Slide 6: Financial Performance
For personal use only Financial Performance 6
Slide 7: Profit and Loss
Profit and Loss For personal use only • Record revenue for the Group – more than double FY17 S$’000 FY2018 FY2017 • Significant increase in revenue without Sales Revenue 738.7 346.0 an increase in corporate overhead EBITDA 49.0 22.9 • More than 200% increase in Net Profit EBITDA Margin (%) 6.6 6.6 •
Slide 8: Revenue by Sector
Revenue by Sector For personal use only $143m $101m FY17 $191m FY18 S$346m S$738m $451m Metals and Minerals Oil and Gas Infrastructure $54m $144m 8
Slide 9: Balance Sheet
Balance Sheet For personal use only FY18 FY17 • Strong balance sheet underpinned by S$m S$m high quality asset base • Property, Plant & Equipment of S$145.0m Current Assets 316.2 187.0 Non-current Assets 147.6 137.5 • Cash on Hand of S$23.6m as at 30 June 2018 Total Assets 463.8 324.5 • Borrowings u
Slide 10: Cashflow Management
Cashflow Management For personal use only • Dividends paid have returned IPO proceeds raised in 2012 back to shareholders • Financing required to cover working capital requirements due to increase in revenue from S$22m in FY10 to S$739m in FY18 • Capex effectively funded by operating cashflow • Conv
Slide 11: Our Projects
For personal use only 11 Our Projects
Slide 12: Major Projects 2018
Major Projects 2018 For personal use only OFFSHORE PATROL VESSELS GRUYERE GOLD PROJECT • Supply and processing of steel • Engineering, Procurement and for 12 Offshore Patrol Vessels Construction (EPC) contract for the and fabrication and construction Gruyere Gold Project, located of 10 of the 12 ves
Slide 13: Major Projects 2018
Major Projects 2018 For personal use only AMRUN PROJECT (two contracts) Gorgon LNG Project • Supply of stacker and tripper, • Throughout the project the supply of reclaimer and ship loader 28,000T site-wide structural steel, pipe spools, Subsea Pig • Supply, fabrication, surface treatment, Launcher/
Slide 14: Facility Developments
For personal use only Facility Developments 14
Slide 15: Henderson Facility Development (WA)
Henderson Facility Development (WA) For personal use only Green = new facilities currently under construction, for completion in 2019 15
Slide 16: Henderson Facility (WA)
Henderson Facility (WA) For personal use only • Largest heavy engineering facility in Australia • Waterfront location in the Australian Marine Complex, provides access to shared infrastructure such as floating dock and load-out wharves • Highly productive skilled workforce (self-perform) • In-house
Slide 17: Newcastle Development (NSW)
Newcastle Development (NSW) For personal use only Planned Future Development • One of the largest capacity fabrication and precast facilities on the East Coast • Predominately focused on supply packages • Facilities under further development to increase capacity and output (staged expansion) 17 • Wa
Slide 18: Sector Outlook and Strategy
For personal use only Sector Outlook and Strategy 18
Slide 19: Sector Outlook – Oil & Gas
Sector Outlook – Oil & Gas For personal use only • Increased expenditure is expected in the medium term for the development and expansion of existing LNG plants and associated infrastructure across Western Australia, Northern Territory and the East Coast • Well established as a quality provider of f
Slide 20: Sector Outlook – Metals & Minerals
Sector Outlook – Metals & Minerals For personal use only • Strong blue chip client base • Major clients all have extensive expansion/sustaining capital and maintenance opportunities • Many new client opportunities, particularly in the lithium and battery related metals • Strengthen EPC and vertical
Slide 21: Sector Outlook – Infrastructure
Sector Outlook – Infrastructure For personal use only • Predominately around supply of fabricated and precast elements from WA and NSW facilities • Significant Federal and State government investment is expected to continue on various East Coast road and rail infrastructure projects over the next de
Slide 22: Sector Outlook – Marine & Defence
Sector Outlook – Marine & Defence For personal use only • Investment in new state-of-the-art world-class shipbuilding and maintenance facilities – capex approximately A$85m, construction on schedule for completion late 2019 • Australian Naval Shipbuilding plan designates the Australian Marine Comple
Slide 23: Market Outlook – 2019 to 2028
10 Year Market Outlook – 2019 to 2028 For personal use only Total A$908b $32b $233b $216b $65b $232b Total WA NT SA QLD NSW VIC Metals and Minerals $123b $59b $2b $7b $35b $18b $2b Infrastructure $503b $66b $6b $37b $118b $178b $98b $130b Oil, Gas & Energy $238b $79b $20b $11b $75b $27b $26b Defence
Slide 24: Current Strategy
Current Strategy For personal use only Key focus areas: 1. Expand on consistent and re-occurring revenue streams • Maintenance opportunities across current operating sectors • Establish world-class shipbuilding capability in Western Australia (Federal Government approved Defence shipbuilding precinc
Slide 25: Shareholder Questions?
For personal use only Shareholder Questions? 25
Slide 26: For personal use only
For personal use only Link to video is on this slide – just press play 26
Slide 27: Thank you
For personal use only Thank you