Ann: FY21 Full Year Results Presentation, page-3

AND HERE ARE THE MAIN POINTS:

24 August 2021
SRG Global delivers increased profit, cash and dividend, forecasts strong growth in FY22
SRG Global Limited (‘SRG Global’ or ‘the Company’) (ASX: SRG), an engineering-led global
specialist asset services, mining services and construction group, has delivered its Full Year Financial
Results for the twelve months ended 30 June 2021 (‘FY21’).
Highlights
 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 $27.7m equipment finance facility
 Final Fully Franked Dividend Doubled to 1 cent per share (total FY21 dividend of 2 cps)
 Record $1b Work in Hand, Up 41% (from 30 June 2020)
 Strong opportunity pipeline of $6b in diverse sectors and geographies
 Two Thirds Annuity Earnings Profile in FY21 and beyond
 Long term Strategy on track and well positioned for long term sustainable growth
 FY22 EBITDA expected to be ~15% higher than FY21 EBITDA result
The FY21 results demonstrate the continued execution of the SRG Global strategy. The significant
level of new contract wins and the record work in hand of $1b is underpinned by demand for the
Company’s engineering led, end-to-end solutions, across the asset services, mining and construction
sectors.
The Company is well positioned for long term sustainable growth with two thirds annuity-style earnings
and positive exposure to a diverse range of sectors and geographies across the asset services,
industrial and mining sectors and government stimulus programs in the infrastructure and construction
sectors.
SRG Global has significantly strengthened its financial position over the past twelve months, moving
from net debt of $8.4m to a net cash position of $12.2m. It has also improved its liquidity to $88.2m
of available funds, plus an additional undrawn $27.7m of equipment finance facility, with the Company
well-placed to fund future growth.

SRG Global Managing Director, David Macgeorge said, “SRG Global continues to take significant
steps forward in the execution of our strategy. We have delivered a strong result in FY21 underpinned
by new contract wins, strong operating cashflows and continued margin improvement through
delivering for our blue-chip client base. The Company has experienced minimal financial impact of
labour and COVID-19 challenges in FY21 due to the specialist nature of our business and the diversity
of our service offering, the sectors in which we operate and our geographic spread.
“I am particularly pleased that we have continued to transition the business towards annuity earnings
whilst winning a number of new term contracts in FY21. We have also managed the operational
startup and contract execution exceptionally well throughout this period.
“The Company has record Work in Hand of $1b and is well positioned for long term sustainable growth
with two thirds annuity-style earnings and positive exposure to broader macro-economic growth
drivers across the asset services, industrial and mining sectors and government stimulus programs
in the infrastructure and construction sectors.
“The Company is well funded to continue to drive further growth and expects FY22 EBITDA to be
circa 15% higher than the FY21 EBITDA performance.
“The strong result means SRG Global will pay shareholders a final fully franked dividend of 1c per
share, bringing the total FY21 dividend to 2 cents per share which is double the previous year.”
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