Mayfield Group Holdings (MYG) AGM 2024 presentation summary

Business overview and market positioning

• Manufactures and maintains advanced electrical infrastructure supporting electrification and sustainability initiatives in Australia.

• Offers customised switchboards, substations, battery storage, and telecommunication systems for diverse sectors including renewables, utilities, defence, and data centres.

• Services a broad client base across mining, energy, infrastructure, and essential services, with demand driven by the energy transition.

• Positioned as a leader in critical infrastructure, benefiting from government initiatives and the national energy transition.

Financial performance and growth

• FY24 revenue reached $85.7M, up 10.1% year-on-year, with record EBITDA of $6.7M and net profit after tax of $5.1M.

• Dividends increased 182% to $1.8M, and cash on hand rose to $16.3M, supporting future growth.

• Maintains a strong order book of ~$85M through 2026, reflecting robust demand.

Operational achievements and innovation

• Increased manufacturing capacity and efficiency via plant upgrades and LEAN processes.

• Completed development of Battery Energy Storage System (BESS) and obtained Defence Industry Security Program accreditation.

• Achieved zero recordable injuries and initiated a 200kW solar and battery installation at the Edinburgh plant.