CIVMEC INVESTOR PRESENTATION 1H FY24 slide image

CIVMEC INVESTOR PRESENTATION 1H FY24

Strong Balance Sheet • Cash of $143m reflecting A$111m of cash generated from operations for the half. • Net tangible assets per share of 86.3c at 31 December 2023. • PPE includes $31.1m of right of use assets relating to long term land leases, associated lease liabilities expire in 2079 and 2089. • Investment properties comprise a Henderson property leased to a third-party tenant. • Borrowings increased to $60m (from $56.5m), to fund the construction of the Port Hedland Facility. • Deferred tax liabilities reflect differences in the accounting and tax carrying values of PPE. • Interim dividend declared of 2.5c, totaling ~ A$13m to be paid in April 2024. CIVMEC | Engineering Success 1H FY24 A$'000 FY23 A$'000 Current assets Cash 143,131 70,381 Receivables and other current assets Contract assets 35,367 110,517 129,560 100,093 Current assets Non-current assets Property, plant and equipment investment properties Intangible assets Deferred tax assets TOTAL ASSETS Current liabilities Trade and other payables Contract liabilities Lease liabilities 308,058 280,991 481,958 476,302 17,753 17,184 10 10 555 47 808,334 774,534 116,838 117,671 55,994 44,706 6,331 6,816 Borrowings Income tax payable 8,000 4,107 673 Provisions 13,998 16,175 Current Liabilities 197,268 194,041 Non-current liabilities Lease liabilities 52,268 50,519 Borrowings 60,000 48,500 Provisions 2,642 2,411 Deferred tax liabilities 58,546 58,454 TOTAL LIABILITIES 370,724 353,925 NET ASSETS 437,610 420,609 CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 7
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