CIVMEC INVESTOR PRESENTATION 1H FY24
Sector performance
FLEM-100 PORT
MAN-200
PORT
FLET-100
FORE
CIVME
DUCTED
ENERGY
•Revenue growth to A$20.4m. Gross profit growth
of 104% compared to 1H FY23.
•Subsea projects continue to provide ongoing
revenue with strong indicators of a positive
outlook.
• Chevron, Woodside, Baker Hughes and Subsea
7 are repeat clients to partner with Civmec for
various projects.
Global demand for energy set to grow 47% by
2050.*
*Source: US Energy Information Administration
4% of 1H FY24 Revenue
RESOURCES
•Revenue 1H FY24 was A$418.9m. Gross profit
growth of 10% compared to 1H FY23.
Successful completion of the Iron Bridge
construction project and transition bulk of
workforce to other major projects.
•Major Projects at Western Ranges (Rio Tinto)
and Covalent (Wesfarmers / SQM) combined
workforce in excess of 1100.
•Contract extensions and new maintenance
opportunities on both the west & east coast from
term agreements with new clients.
85% of 1H FY24 Revenue
INFRASTRUCTURE, MARINE & DEFENCE
•Revenue 1H FY24 was A$53.1m. Gross profit
growth of 48.8% compared to 1H FY23.
•Continued delivery of high quality blocks for the
OPV program.
•Delivery of east coast infrastructure projects
including the manufacture, supply and site works
of steel packages for the pedestrian bridge for
Coffs Harbour Bypass (NSW), Molonglo River
Bridge (ACT), and Sydney's Gateway project.
•Causeway Pedestrian and Cyclist Bridge project
is progressing well with major site works and
foundations laid for the three main bridge support
columns.
11% of 1H FY24 Revenue
CIVMEC
| Engineering Success
CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 8View entire presentation