Investor Presentation - Insider Webcast


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10 November 2021

Our businesses


Southern Cross Electrical Engineering Limited ("SCEE Group") is

an electrical, instrumentation, communications and maintenance

services company established in 1978 and listed in 2007

(ASX:SXE). The acquisitions of Datatel in 2016, Heyday in 2017

and Trivantage in 2020 means SCEE Group operates across three

broad sectors of Infrastructure, Commercial and Resources


SCEE Electrical is

Datatel is a telecoms and

Heyday is a NSW and

S.J. Electric is a

SEME Solutions

Trivantage Manufacturing is a

the original

communications specialist

ACT-based electrical

national provider of

provides electronic

leading manufacturer of

operating business,

and provides services to the

contractor servicing the

electrical and

security services to

premium quality switchboards

historically focussed

education, health,

commercial and fit-out

maintenance services

the resources, law

to a range of end users

on resources and

government, resources and

sector, and the retail,

to the supermarkets,


industrial but more

transport sectors

education, health,

retail and commercial

custodial, industrial,

recently diversified

hotel, defence,


and health sectors

into transport,

datacentres, and


residential sectors

defence, utilities,

and renewables

2021 November 10 Webcast Insider






Work mix changed as resources activity increased and transport infrastructure


Full year revenue of $370.2m down 10.8% on prior year

Workforce doubled in year to a record 1,800 employees

useS cond half a record half of activity up 73.4% on first half

EBITDA* of $29.6m up 37.0% on prior year NPAT of $13.8m up 26.6% on prior year

Result included $1.6m acquisition costs and $1.7m intangibles amortisation for


Strong balance sheet with cash of $51.0m a d no debt at 30 June 2021

Increased fully franked 4.0 cents per share dividend declared and paid on 9 November 2021

* EBITDA is a non-IFRS financial measure


Rio Tinto Gudai-Darri and Albemarle Kemerton Lithium at high levels of activity

Now complete East Coast return to work following Q1 coronavirus lockdowns

Supermarkets electrical expenditure continuing at high levels

Trivantage acquisition continuing to outperform earn-out targets

Trivantage acquisition offering considerable cross-selling opportunities

Now a focus on realising integration synergies across the group including internal supply of switchboards

Decmil arbitration at discovery phase with hearing expected next calendar year

Co-location of SCEE, Datatel and Trivantage WA businesses into new Perth CBD head office successfully completed last week

Targeting FY22 revenues of circa $500m and EBITDA in range of $29m-$33m

Significant growth opportunities presenting in resources sector although labour availability may constrain some growth in near term

In commercial sector many opportunities in developments around transport hubs - recent Pitt Street South Tower win

Infrastructure strong with Sydney Metro, and multiple "soft" infrastructure opportunities - hospitals, government buildings, datacentres, education

Announced over $150m of project wins already in FY22 including:

Order book now over $500m Continuing to pursue acquisitions

2021 November 10 Webcast Insider


Revenue split

Commercial largest sector by revenue


Resources revenues doubled in FY21
















2021 November 10 Webcast Insider




Construction was designated an essential service in all onlystates throughout FY21

Operations generally continued as planned but coronavirus had impacts throughout year including:


• personalr


Post 30 June lockdowns on East Coast resulted in total Sydney construction shutdown for part of July and later shutdowns in Victoria

Costs minimised as workforce stood down and works are delayed rather than lost

East Coast full return to work only just recently completed

On West Coast, where significant growth opportunities in resources sector are presenting, interstate labour travel restrictions may constrain in near term

Full year forecasts unaltered but will be a split between halves as delayed works not caught up until second half

2021 November 10 Webcast Insider


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SCEE - Southern Cross Electrical Engineering Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 21:54:58 UTC.