• Revenue up 11.5% to $2.3B in line with guidance.
• Earnings (EBITDA) increased to $266.7M up 6.7% compared to FY20. only• Earnings (Operating EBIT) of $120.6M - in line with consensus.
• Net cashflow from operations of $147.4M reflects increased working capital pending resolution of outstanding claims and variations.
• Total dividend for the year - 9 cents per share.
useACQUISITION
• Primero Group acquired in March 2021.
• Addition of Primero strengthens MET Business - leverages combined expertise of RCR Mining Technologies
and DIAB Engineering across large pipeline of opportunities.
o Continuity of services across whole lifecycle of resource projects - from early planning, design,
ersonal
development, construction to operations and maintenance.
Diversification into future metals and energy industries.
o
Primero significantly enhances our capability to deliver services across the whole lifecycle of projects.
3
OPERATIONS
COVID-19 IMPACTS
• Border closures as a result of COVID-19 continue to restrict available workforce.
• Key difference between last year and current status is significantly lower headcount requirement
only
Workforce in Pilbara last year circa 3,600
o
o
Current workforce - 1,300
• Current projects recognise revised labour rates and are currently fully manned.
• New projects (e.g. Strandline and Covalent) expected to ramp up with project teams transitioning from completing projects in the Pilbara (NPI projects).
use• Labour availability expected to improve Q2 calendar 2022 as border restrictions ease.
CLAIMS
• Claims outstanding as noted in the FY21 accounts - $68M.
• Current claims value outstanding (like for like basis) now $33M (circa $35M lower). ersonal• Negotiations continuing on balance of claims - no change to reliance assumptions.
4
ENVIRONMENTAL, SOCIAL & GOVERNANCE
REPORTING AND ONGOING INITIATIVES
• First NRW Sustainability Report published FY21.
• United Nations Sustainable Development Goals (SDGs) adopted - guided by relevant Global Reporting onlyInitiative (GRI) standards to report on the Group's sustainability performance.
ENVIRONMENTAL
• Environmental management and carbon footprint initiatives include:
o
Development of and installation of in pit crushing and conveying solutions to reduce carbon
emissions by at least 75% compared to traditional mining / haul solutions;
o
Primero is working with various clients on projects in the Hydrogen energy sector; and
o
MET business can deliver solutions which reduce reliance on hydrocarbons based energy sources
ersonaluse
by delivering for example based on relocatable crushers and conveyors to replace conventional
trucking options.
We are excited about our ability to deliver lower carbon solutions to our clients through technology within the group including Hydrogen and lower carbon mining options.
5
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NRW Holdings Limited published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 02:00:07 UTC.
NRW Holdings Limited is a diversified provider of contract services to the resources and infrastructure sectors in Australia. The Company operates through three segments: Civil, Mining, and Minerals, Energy & Technologies. The Civil segment specializes in the delivery of private and public civil infrastructure projects, mine development, bulk earthworks and commercial and residential subdivisions. The Mining segment specializes in mine management, contract mining, load and haul, dragline operations, drill and blast, coal handling prep plants, maintenance services and the fabrication of water and service vehicles. The Minerals, Energy & Technologies segment offers mine-to-market solutions, specialist maintenance (shutdown services and onsite maintenance), non-process infrastructure, materials handling solutions, build-own-operate (BOO) process plant solutions and complete turnkey design, construction and operation of mineral processing and energy projects.
NRW HOLDINGS LIMITED 
