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SSH GROUP LTD Investor Presentation 2024
65863_rns_2024-08-28_7dce6e07-9b46-4345-a04d-1f076257d149.pdf
Investor Presentation
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FY24 Results Presentation
SSH Group Limited
29th August 2024
Servicing Australia's mining, civil and construction industries
Who we are
Company Strengths
Our Brands
What we do
A portfolio of industrial service businesses, focused on service delivery to the Australian mining, civil, and construction industries
Improving outcomes for Australian projects and communities
- Equipment Solutions
- Workforce Solutions
- 300+ mining & civil hire assets
- Founder led organisation
- Focused on the Pilbara region
- $25bn+ addressable market
- Proven industry management & leadership
- Scalable and robust business model
Page | 3
Workforce TRIFR
A transitional year as the Group delivered on performance and business improvement
Cash Balance at Year End
Period ending 30 June 2024
| FY24 (AUD $m %) | FY23 (AUD $m %) | CHANGE ($m %) | |
|---|---|---|---|
| Revenue | $40.1m | $41.2m | -$1.1m |
| Gross Profit | $15.2m | $10.9m | $4.3m |
| Gross Margin | 38% | 26% | 43% |
| EBITDA | $7.2m | $3.3m | $3.9m |
| EBITDA Margin | 18% | 8% | 123% |
| EBIT | $3.0m | -$0.0m | $3.0m |
| Profit Before Tax | $0.6m | -$1.8m | $2.4m |
| Net Profit After Tax | $0.7m | -$1.3m | $2.0m |
| Cash Holdings at Year End | $2.6m | $2.0m | $0.6m |
Page | 5
Gross Margin Balance Sheet Summary ($m)
Borrowing Profile as at 30 June 24*
*Excluding right of use assets and insurance premium funding
FY24 Group Financial Overview
Equipment Finance 82%
Asset backed & insured
Working Capital Funding 13%
Asset backed & insured
Acquisition Term Loan 5% (Now Paid Off)
Loan for KMH acquisition paid off in July 24
Total Assets 43.4
Total Liabilities 35.9
Operational Highlights
Workforce
275+ engaged over the FY24 period
Asset Utilisation
Focused on increasing longterm hires
Cross-Selling Opportunities
At the forefront of our customer engagement
New Management
Focused on unlocking future mining and civil opportunities
Indigenous Partnership
Embraced by blue chip mining & civil customers
Safety & Wellbeing
Physical & Mental Health
Diversity & Inclusion
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TRIFR in FY24, 2.4, (FY23, 2.7)
-
Introduction of safety culture app to workforce
-
5x Resourceful Mind Scholarships completed with Lifeline WA, Chamber of Minerals & Energy WA (CME) and DMIRS
-
Company EAP review delivered favorable results against industry benchmark
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52% Female representation corporate & management
-
13% Female representation entire workforce
-
4% Indigenous representation corporate & management
-
3% Indigenous representation entire workforce
Sustainability Highlights & Roadmap
FY24 Sustainability Highlights
- Psychosocial risk assessment conducted
- Materiality assessment conducted
- Developed SSH sustainability score card
- Established our 2-year sustainability roadmap
FY25 Sustainability Priorities
Employee Engagement and Development Safe and Sustainable Fleet Economic Performance Responsible Business Indigenous & Community Relations Customer Success
FY25 Sustainability Roadmap
- Incorporate into existing audit and risk committee charter
- Establish sustainability policy
- Develop sustainability asset mandate
- Measure 1 & 2 GHG emissions and establish reduction actions
- Measure baseline sustainability metrics
- Undertake a climate-related risk assessment
- Maximise cross selling opportunities with existing services and customers
- Key focus on growth in the mining and civil industry
- Project partnerships with mid tier miners
- Geographical & service line expansion
- Continue to explore value accretive M&A opportunities
- Strengthen balance sheet & free cashflow
SSH Group Ltd | Outlook
"An exciting year ahead as we are well positioned to leverage growth opportunities." "
Daniel Cowley-Cooper Managing Director
Investment Case
Leadership team
- Founder led organisation
- Scalable and robust business model
- Diverse market sectors & geographies
- Opportunity to broaden services
- Large addressable markets
- Geographical expansion potential in WA and interstate
Corporate Overview (as of date 20.08.2024) ASX Code SSH Share Price $0.065 Market Cap $4.28m Shares on Issue 65.9m Board & Executive Ownership 31% Top 20 Shareholders 70%
Bruce Lane
Non-Executive Chairman
35+ Years Experience
Daniel Cowley-Cooper MD & CEO 15+ Years Experience
Stefan Finney
COO & Executive Director
15+ Years Experience
Future Performance
Past performance information in this presentation is for illustrative purposes only and should not be relied upon as, and is not an indication of future performance. This presentation may include 'forward-looking statements'. Such statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in such statements. Actual results, performance, or achievements may vary materially from any projections and forward looking statements, or the assumptions on which those statements are based.
No Warranty Implied
No representation or warranty, express or implied is made as to the fairness, accuracy, completeness, or correctness of the information, opinions, and conclusions contained in this presentation. SSH Group assumes no obligation to update any person regarding any inaccuracy, omission, or change in this presentation. To the maximum extent permitted by law, none of SSH Group, their respective related bodies corporates, shareholders, directors, officers, employees, agents, or advisors, nor any other person accepts any liability, including, without limitation, any liability for any loss arising from the use of information contained in this presentation.
Summary Information
This presentation has been prepared by SSH Group Ltd to provide summary information about SSH Group. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation is in summary form, is of a general background nature, and does not purport to be complete. This presentation should be read in conjunction with the FY24 Annual Report, together with any announcements made by SSH Group Ltd in accordance with its continuous disclosure obligations arising under the Corporations Act 2001 and ASX Listing Rules.
Ongoing Accuracy
SSH Group is not obliged to, and does not represent that it will update the presentation for future developments. References in this report to a 'year' are to the financial year ended 30 June 2024 (previous corresponding period 30 June 2023) unless otherwise stated. Totals may not add up precisely due to immaterial rounding. All currency figures are in Australian dollars unless otherwise stated. This presentation is not, and does not constitute an offer to sell, or the solicitation, invitation, or recommendation to purchase any securities. Neither this presentation nor anything contained in it forms the basis of any contract or commitment.
SSH Group Ltd – Corporate Office
T: (08) 9463 2463
A: Level 3, 88 William Street, PERTH, WA 6000
Servicing Australia's Mining, Civil and Construction Industry
