Srg Global Limited · ASX:SRG
Srg Global — Euroz Hartleys Post Reporting Conference 2021
23 slides from Srg Global's conference presentation, Sep 9, 2021
Slide 1: Euroz Hartleys Post Reporting Conference
For personal use only EUROZ HARTLEYS POST REPORTING CONFERENCE 9 September 2021 1
Slide 2: About Us
ABOUT US For personal use only WHO WE ARE We’re a global engineering-led specialist asset services, mining services and construction group OUR OPERATING MODEL End-to-end solutions across the entire asset lifecycle OUR VISION The most sought-after specialist asset services, mining services and constr
Slide 3: SRG Global Snapshot
SRG GLOBAL SNAPSHOT SUMMARY SUBSTANTIAL HOLDERS For personal use only Shares on Issue 445.8m Perennial Value Investment 15.0% Share Price(1) $0.555 Mitsubishi UFJ Financial Group, Inc 7.2% Market Capitalisation(1) $247m Board and Management 12.0% Net Assets $227m Note: (1) Share price and market cap
Slide 4: FY21 in Review
For personal use only FY21 IN REVIEW 4
Slide 5: Executive Summary
EXECUTIVE SUMMARY For personal use only Revenue Up 4% to $570m (from FY20) EBITDA Up 61% to $47.1m (from FY20) EBIT(A) Up 151% to $25.1m (from FY20) Strong operating cashflow (FY21 Net Cash of $12.2M from FY20 Net Debt of $8.4m) Well-funded for Growth - available funds of $88.2m + undrawn
Slide 6: Executing the Growth Phase of Our Strategy
EXECUTING THE GROWTH PHASE OF OUR STRATEGY “Continuing to transition the business mix towards For personal use only annuity earnings” LEADERSHIP GROWTH Zero Harm / ESG industry leader and Step change growth in recurring recognised employer of choice Asset Services Key partner of choice in our spec
Slide 7: Our People Are Our Foundation
OUR PEOPLE ARE OUR FOUNDATION HIGHLY SKILLED ZERO HARM GENDER WORKFORCE IMPROVEMENT DIVERSITY For personal use only Male Female 21% 21% 31% 5% Improvement 52% 2,300 95% EMPLOYEES 48% 79% Tech. / Eng. / Mgmt. Operational TRIFR Jun 20 TRIFR Jun 21 Corporate Operational COMMUNITY BUGARRBA ABORIGINAL MO
Slide 8: Solid FY21 Financial Performance
SOLID FY21 FINANCIAL PERFORMANCE For personal use only SEGMENT RESULTS ($m) ASSET MINING TOTAL SERVICES SERVICES CONSTRUCTION CORPORATE Revenue 570.0 187.0 91.0 292.0 - EBITDA 47.1 22.0 20.0 19.0 (13.9) EBIT(A) 25.1 15.0 13.4 12.6 (15.9) Corporate overheads of $13.9m equates to 2.4% Asset Services e
Slide 9: Generating Positive Operating Cash
GENERATING POSITIVE OPERATING CASH Strong focus on working capital management, Normal sustaining capital spend and growth Reflects prudent capital management For personal use only converting WIP to cash and reducing payment capital investment for contracts secured such with a continued focus on mini
Slide 10: Robust Financial Position
ROBUST FINANCIAL POSITION BALANCE SHEET ($m) For personal use only Available liquidity of $88.2m, comprised of FY21 cash on hand of $46.2m and available undrawn Cash and cash equivalents 46.2 working capital facilities of $42.0m Trade, other receivables & contract assets 144.1 Inventories 14.9 Net c
Slide 11: Strong Platform for Growth
STRONG PLATFORM FOR GROWTH WORK IN HAND OPPORTUNITY PIPELINE For personal use only 28% 40% 40% $1b 45% $6b 30 June 2021 59% 30 June 2021 13% 20% Asset Services Mining Services Construction 11
Slide 12: Our Operating Segments
For personal use only OUR SEGMENTS OPERATING
Slide 13: Asset Services Overview
ASSET SERVICES OVERVIEW For personal use only KEY CLIENTS 13
Slide 14: Asset Services Year in Review
ASSET SERVICES YEAR IN REVIEW For personal use only Strong operational / financial performance A number of contract wins in FY21 ‒ 5-yr multi-disciplinary contract with FMG ‒ 5-yr access contract with Liberty Onesteel ‒ 8-yr maintenance contract with NZTA for Auckland Harbour Bridge ‒ 5-yr maint
Slide 15: Mining Services Overview
MINING SERVICES OVERVIEW For personal use only KEY CLIENTS 15
Slide 16: Mining Services Year in Review
MINING SERVICES YEAR IN REVIEW For personal use only A very strong performance Excellent asset utilisation of >90% Key commodity exposure ‒ Gold ‒ Iron Ore Continued capital investment in fleet for growth and sustaining capital Continued focus on innovation including: ‒ high precision GPS
Slide 17: Construction Overview
CONSTRUCTION OVERVIEW For personal use only KEY CLIENTS 18% 17
Slide 18: Construction Year in Review
CONSTRUCTION YEAR IN REVIEW For personal use only Civil and Engineering Solid performance in Australia Robust pipeline of Government opportunities ‒ Dams, Bridges, Tanks Successfully scaled back operations Internationally Targeting specialist projects globally from Australia ‒ Dams, Bridges,
Slide 19: Our Strategic Direction
For personal use only OUR STRATEGIC DIRECTION 19
Slide 20: Strategic Horizons
STRATEGIC HORIZONS Building the most sought-after specialist For personal use only asset services, mining services and construction business LEADERSHIP GROWTH Zero Harm / ESG industry leader and Step change growth in recurring recognised employer of choice Asset Services Key partner of choice in our
Slide 21: Outlook
OUTLOOK Operating Segment Outlook For personal use only Asset Services delivering step change growth in diverse sectors with blue-chip clients Mining Services operating in high demand, high quality growth commodities Construction positively linked to Government Infrastructure stimulus programs
Slide 22: Investment Proposition
For personal use only INVESTMENT PROPOSITION End-to-end Diverse Annuity asset lifecycle market sectors / earnings capability geographies profile Highly scalable Capital light Dividend business investment paying model profile stock 22
Slide 23: Solving challenges wherever they are
For personal use only Solving challenges wherever they are srgglobal.com.au
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