Full Year 2024 Seven Group Holdings Ltd Earnings Call Transcript
Key Points
- Seven Group Holdings Ltd (ASX:SVW) reported a 10% revenue growth to AUD 10.6 billion, driven by strong customer activity.
- EBITDA increased by 14% to AUD 1.9 billion, and EBIT rose by 20% to AUD 1.4 billion, showcasing strong operational performance.
- Group NPAT surged by 30% to AUD 850 million, indicating robust profitability.
- Significant earnings growth at West Trac and Boral, with EBIT growth of 25% and 61% respectively.
- The company declared a final ordinary dividend of 30 cents per share, bringing total dividends for the year to 53 cents per share, fully franked.
- Operating cash flows decreased by 32% to AUD 808 million, primarily due to a significant working capital investment at Westrack.
- Statutory NPAT fell by 23% to AUD 164 million, mainly due to impairments at Beach Energy and 7 West Media.
- Equity accounting contributions to EBIT from energy and media businesses declined by 13% and 58% respectively.
- Net debt to EBITDA ratio increased to 2.2 times, reflecting higher leverage post-Boral acquisition.
- The television advertising market weakness and cost growth negatively impacted Seven West Media's performance, with EBITDA down 33%.
Thank you. Good morning, and welcome to the Seven Group Holdings full-year results presentation for the year ended June 30, 2024. I am Ryan Stokes, Managing Director and CEO. Joining me today is Richard Richards, group's CFO.
Slide 2. SGH is one of Australia's leading diversified operating groups for the market capitalization of over AUD15 billion and inclusion in both the ASX100 and MSCI global indices. We own and operate some of Australia's leading industrial services businesses and have exposure to transitional energy through the supply of natural gas and LNG. We focus the deployment of capital and investment in the Australian market and within three strategic growth metrics: mining, production, infrastructure and construction, and transitional energy.
Within these thematics our businesses have scale, leadership position and privileged assets to provide a competitive advantage and economic moat.
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