Weststar Industrial Ltd. · ASX:WSI
Weststar Industrial — FY2023 Earnings Presentation
12 slides from Weststar Industrial's earnings presentation, Nov 10, 2023
Slide 1: FY23 Year Results and Investor Presentation
For personal use only FY23 YEAR RESULTS AND INVESTOR PRESENTATION NOVEMBER 2023 (ASX: WSI)
Slide 2: About Us
About Us For personal use only WestStar Industrial (ASX:WSI) an Australian owned company that through its subsidiaries Alltype Engineering, SIMPEC and WATMAR provides industrial project Darwin solutions centred around engineering, fabrication, construction and maintenance services within the resourc
Slide 3: Capital Structure
Capital Structure For personal use only OPERATING SEGMENTS Share Price Shares Earnings Engineering and Construction on Issue per Share $0.12 Maintenance Services (as at 9 Nov 23) ~111M 1.59 cents (FY23) Fabrication Services OEM Equipment and Parts Market Cap Cash Board & Ownership Structure
Slide 4: Financial Highlights
Financial Highlights For personal use only FY23 Revenue of $304.3M ~2.0% EBITDA EBITDA of $6.03M MARGIN Cash Holdings $16.1M (excl. Term Deposits of $2.5M) FY23 Alltype Engineering Revenue increases 79% to $91,742,372 $16.1M (FY22 $51,131,244) CASH HOLDINGS FY23 SIMPEC Revenue increases 63
Slide 5: Earnings
Earnings EBITDA for the period $6.04M Net Profit After Tax $1.76M For personal use only EBITDA % comparable with major contracting entities however the company believes there is opportunity for improvement of margins. $6.04M EBITDA Management of cost escalation pressures Robust contract manageme
Slide 6: Our Growth Journey
Our Growth Journey 2017/18 2019 2020 2021 2022 2023 For personal use only ACQUISITION 1 ACQUISITION 2 CONSOLIDATION CONTRACT WINS CONTRACT WINS ACQUISITION 3 INCREASED ADDING SCALE and INCREASED REVENUE REVENUE $71.8M REVENUE $181.8M REVENUE $304.3M CAPABILITY NEW CAPABILITY and PROFITABILITY EBITDA
Slide 7: WATMAR Acquisition and Outline
WATMAR Acquisition and Outline For personal use only Fluid systems specialists Established Company in Australian Defence Force Maritime Industry Long Term OEM Supply and Service Contracts Sustainment Contracts underwrite revenue on 3 x 5 Year Contract Extensions Geographical Expansion for
Slide 8: WATMAR Benefits of Acquisition to WestStar
WATMAR Benefits of Acquisition to WestStar For personal use only WestStar immediate access to high barrier to entry defence industry Defence budgets non cyclical to provide defensive portfolio risk management Opportunity to leverage service offerings of other businesses into defence Signific
Slide 9: WATMAR Recent Secured Arrangements with ADF
WATMAR Recent secured arrangements with ADF For personal use only WATMAR in contract to supply pumps, valves, motors and mechanical equipment on the LHD, AOR and DDG platforms with further opportunities: ARAFURA Class Offshore Patrol Vessels ANZAC Class Frigates Canberra Class Amphibious Assau
Slide 10: Strategy
Strategy For personal use only Acquisition of WATMAR into the Group with long term sustainment works to underpin earnings Integration efficiency of WATMAR is paramount to increased earnings in a short period of time Alltype Engineering FY24 east coast expansion strategy underpinned by Kurri Ku
Slide 11: Disclaimer
Disclaimer For personal use only This presentation has been prepared by WestStar Industrial Limited (ASX:WSI) (WestStar or the Company) and is for information purposes only. The information contained in the presentation is summary only and should be read in conjunction with all other Announcements m
Slide 12: Contact Details
For personal use only Contact Details Robert Spadanuda WestStar Managing Director and Chief Executive Officer robert@weststarindustrial.com.au +61 8 9410 5333 52 Hope Valley Road Level 3, 21 Kintail Road 34 Hope Valley Road Naval Base WA 6165 Applecross WA 6153 Naval Base WA 6165