Civmec Limited · SGX:P9D
Civmec — H1 2015 Earnings Presentation
24 slides from Civmec's earnings presentation, Feb 16, 2015
Slide 1: Civmec Limited 1H2015 Results Briefing
Civmec Limited 1H2015 Results Briefing Expanding Capabilities, Broadening Horizons 16 February 2015
Slide 2: Presentation Flow
Presentation Flow 1 Civmec Overview 2 1H2015 Financial Highlights 3 Recent Developments 4 Outlook 2 1H2015 Results Briefing
Slide 3: Civmec – The Heavy Engineering Specialist
Civmec – The Heavy Engineering Specialist ! Established in 2009 and listed on SGX Mainboard since April 2012 ! Civmec is an integrated, multi-disciplined construction and engineering services provider to the resources and infrastructure industries in Australia ! Headquartered in Perth, Western Austr
Slide 4: Corporate Overview
Corporate Overview 3 Locations Henderson Darwin/Broome Southeast Asia 3 Markets Oil and Gas Mining & Infrastructure Asset Management and Integrated Services 8 Disciplines 4 1H2015 Results Briefing
Slide 5: Corporate Overview
Corporate Overview 5 1H2015 Results Briefing
Slide 6: Southeast Asia Expansion
Southeast Asia Expansion Southeast Asia expansion that complements Civmec’s service offering ! Established presence in Singapore and Southeast Asia with the appointment of a regional manager ! To be used as a platform for both organic growth and acquisition opportunities in Southeast Asia ! Actively
Slide 7: 1H2015 Financial Highlights
1H2015 Financial Highlights
Slide 8: 2Q/1H2015 Results Snapshot
2Q/1H2015 Results Snapshot Income Statement (in SGD – Civmec’s reporting currency) (S$000) 2QFY’15 2QFY’14 Change (%) 1HFY’15 1HFY’14 Change (%) Revenue 126,404 79,076 53.9 296,589 149,945 97.8 Net Profit after tax 7,376 6,226 18.5 18,440 14,258 29.3 Fully Diluted Earnings Per Share 1.45 1.23 17.8 3
Slide 9: 2Q/1H2015 Balance Sheet
2Q/1H2015 Balance Sheet Balance Sheet (S$000) As at 31 December 2014 As at 30 June 2014 Change (%) Total Assets 243,734 289,574 (15.8) Total Liabilities 97,341 145,303 (33.0) Total Borrowings 29,298 51,043 (2.6) Cash and Cash Equivalents 39,193 32,369 21.1 NAV / Share (cents) 29.22 28.79 0.01 ! Stre
Slide 10: Revenue
Revenue Q2’14 vs Q2’15 1HFY’14 vs 1HFY’15 (S$’000) (S$’000) 296, 589 140,000 126,404 300,000 120,000 250,000 100,000 200,000 79,076 149,945 80,000 150,000 60,000 100,000 40,000 50,000 20,000 0 0 Q2'14 Q2'15 1HFY'14 1HFY'15 ! Q2’15 revenue rose 53.9% to S$126.4 million from S$79.1 million in Q2’14 !
Slide 11: Net Profit After Tax ("NPAT")
Net Profit After Tax (“NPAT”) 2Q’14 vs 2Q’15 1HFY’14 vs 1HFY’15 (S$’000) (S$’000) 7,600 19,000 18, 440 7, 376 7,400 18,000 7,200 7,000 17,000 6,800 6,600 16,000 6,400 6,226 15,000 6,200 14,258 6,000 14,000 2Q'14 2Q'15 1HFY'14 1HFY'15 ! NPAT for Q2’15 grew 18.5% to S$7.4 million on revenue growth of
Slide 12: Recent Developments
Recent Developments CIVMEC
Slide 13: Facilities Expansion
Facilities Expansion Henderson Broome ! Completion of ! Construction of site ! Broome facility – specialised sub sea support logistics base modification and workshop mobilisation 13 1H2015 Results Briefing
Slide 14: Public Infrastructure Sector
Public Infrastructure Sector Elizabeth Quay ! Waterfront development in Perth, Western Australia ! A$2.6 billion project that will connect Swan River to the Perth CBD ! Civmec awarded contract for the supply and installation of pre-cast concrete and site civil works Gateway WA Perth Airport and Frei
Slide 15: Oil and Gas Sector
Oil and Gas Sector Shell’s Prelude FLNG ! Continued work for Technip on suction piles, plets and buckle triggers Wheatstone LNG Project ! Continued work for Technip for fabrication, testing of pipe spools and site works Gorgon ! Continued work for Chevron on modular assembly and site works 15 1H2015
Slide 16: Mining Sector
Mining Sector Roy Hill Project ! A 55 million tonne per annum (Mtpa) iron ore mining, rail and port project being developed in West Australia’s Pilbara region ! Roy Hill is the only independent iron ore project with West Australian majority ownership ! Civmec awarded four contracts to date Yandicoog
Slide 17: 3-Pronged Strategy
3-Pronged Strategy Increase Cross-Discipline Capabilities To Sharpen Competitive Edge ! Expansion of in-house services • Scaffolding, surface treatment works, RTO courses offered ! Further success in AMIS following recent project awards Driving Internal Efficiency By Enhancing Systems & Processes !
Slide 18: Outlook
CIVMEC civmec.com,au
Slide 19: Government – Major Project Pipeline (AUD)
Government – Major Project Pipeline (AUD) The Government is investing $50 billion across Australia, which when combined with State/Territory and private sector funding will catalyse additional infrastructure investment in excess of $125 billion $594M $13.4B $4.7B $15.2B $2B $7.6B $1B Source: http://
Slide 20: Oil & Gas – Major Project Pipeline (AUD)
Oil & Gas – Major Project Pipeline (AUD) Total Feasibility - $29.7B Total Committed - $197.1B F-$0B C-$33.0B F-$2.0B C-$63B F-$26.0B C-$100.1B F-$1.5B C-$0B F-$0B C-$0B Source: Australian Government - Bureau of Resources and Energy Economics F-$0.2B Resources and Energy Major Projects, October 2014
Slide 21: Mining – Major Project Pipeline (AUD)
Mining – Major Project Pipeline (AUD) Total Feasibility - $115.4B Total Committed - $30.5B F-$1.5B C-$0B F-$62.3B C-$11.5B F-$29.5B C-$15.7B F-$10.8B C-$2.8B F-$9.9B C-$0.5B F-$1.4B C-$0B Source: Australian Government - Bureau of Resources and Energy Economics Resources and Energy Major Projects, Oc
Slide 22: Outlook
Outlook 1 Focus on diversification into public infrastructure sector 2 Seeking business opportunities and alliances in Southeast Asia 3 Improve productivity by developing best-in-class systems and processes 4 Continue to grow construction and engineering capabilities through organic and inorganic op
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by the management of Civmec Limited (the Company) for the benefit of brokers, analysts and investors and not as any specific advice to any particular party or person. The information is based on publicly available information, internally developed data
Slide 24: Thank you
Thank you Media and Investor Contact Information: WeR1 Consultants Pte Ltd 38A Circular Road, Singapore 049394 Tel: (65) 6737 4844 | Fax: (65) 6737 4944 Ian Lau, [email protected] Sheryl Sim, [email protected]