2021 HALF YEAR

RESULTS PRESENTATION

AARON BEGLEY - CEO

BRENDAN COCKS - CFO

26 February 2021

MATRIXENGINEERED.COM

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Reliance on third party information

The information and views expressed in this presentation were prepared by Matrix Composites & Engineering Ltd (the Company) and may contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. No responsibility or liability is accepted by the Company, its officers, employees, agents or contractors for any errors, misstatements in or omissions from this presentation.

Presentation is a summary only

This presentation is information in a summary form only and does not purport to be complete. It should be read in conjunction with the Company's 2021 Half Year Accounts. Any information or opinions expressed in this presentation are subject to change without notice and the Company is not under any obligation to update or keep current the information contained within this presentation.

Not investment advice

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Forward looking statements

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OVERVIEW

FINANCIAL

  • • Revenue $8.1m for the half (2H FY20: $4.8m,1H FY20: $22.6m) as Matrix begins recovery from weak oil price and COVID-19 impacts on oil & gas industry.

  • • Improved performance from preceding second half of FY20 - revenue up 69%.

  • • Underlying EBITDA loss $2.2m (2H FY20: $4.9m loss, 1H FY20: $1.2m).

  • • Disciplined capital management retaining $11.5m cash and no trade or term debt (30 June 2020: $14.7m).

OPERATING

  • • Strategic pivot to brownfields OPEX to underpin long-term revenue growth.

  • • Secured Humidur coatings orders post acquisition of business in June 2020.

  • • Maintaining capability to produce traditional oil & gas products - new riser buoyancy orders a key contributor to first half revenue.

  • • Recent new contracts with Woodside, Newcrest and WA Govt, in line with diversification strategy.

OUTLOOK

  • • Targeting more stable and assured revenue streams outside cyclical oil & gas project capex - affirmed by independent strategic review.

  • • Tangible new opportunities in Resources.

  • • Anticipate Humidur Coatings growth.

  • • Positioned well to capture traditional oil & gas tenders as they emerge once COVID-19 situation ameliorates.

  • • Expect to maintain positive momentum to deliver second half revenue growth.

H1 FY21 FINANCIAL RESULTS

CFO - Brendan Cocks

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Matrix Composites & Engineering Limited published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2021 01:46:04 UTC.