EXECUTIVE SUMMARY
? Revenue in FY20 of $545m and Underlying EBITDA1 of $20.5m
? Results impacted by key COVID-19 drivers:
– Deferral of non-essential maintenance in Australia and NZ
– Productivity / commercial challenges in the Building division
– Credit Loss (Bad Debts) provision of $7.9m recognised in the Building division
– Non-cash impairment of goodwill of $24.8m in the Building division
– Restructuring costs of $2.7m incurred in 2H FY20
? Repositioned and simplified the business - core business, clients and geographies
? Continued transition of business mix towards Annuity Earnings
? Strong Work in Hand of $707m at 30 June, with Opportunity Pipeline of $6.2b
? Significant liquidity with available funds of $73m
? Net debt reduced in 2H to $8.4m (inclusive of $26m of equipment finance debt)
? Final fully franked dividend of 0.5 cents per share (total FY20 dividend of 1.0 cps)

Note: I hold SRG shares

Note: I hold SRG shares