GenusPlus Group (GNP) AGM 2024 Presentation summary

Meeting overview and resolutions

• Annual General Meeting held on 29 November 2024 in Perth, Western Australia, covering formal business, director re-election, and acquisition approvals.

• Resolutions included adoption of the remuneration report, re-election of José Martins, acquisition of Partum Engineering Pty Ltd, issuance of consideration shares, and increase in non-executive directors' fees.

• All resolutions passed with strong majority support, with approval rates above 90% for most items.

Financial and operational performance

• Achieved record FY2024 revenue of $551m, up 24.1%, and record normalised EBITDA of $45.3m, up 23.2%.

• Statutory NPAT reached $19.3m, up 43.7%, with net cash from operations at $82.8m, up 111.6%.

• Cash balance increased to $101m, and net cash rose to $77.3m, both more than doubling year-on-year.

• East Coast operations contributed 35% of group revenue.

Strategic initiatives and outlook

• Strong FY2024 momentum and a $519m orderbook underpin at least 20% forecast EBITDA growth for FY2025 (excluding acquisitions).

• Recurring revenue for FY2025 expected at $251m, up 12%, with a tender pipeline of $2bn and opportunity leads exceeding $3bn.

• Continued focus on organic growth and strategic acquisitions, including the completed CommTel acquisition in October 2024.