Cleanaway Waste Management Ltd
ASX:CWY

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Cleanaway Waste Management Ltd Logo
Cleanaway Waste Management Ltd
ASX:CWY
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Price: 2.62 AUD -0.38% Market Closed
Market Cap: 5.9B AUD

Cleanaway Waste Management Ltd
Investor Relations

Cleanaway Waste Management Ltd., an Australian titan in the waste management sector, has engineered a comprehensive network of services that underpin the everyday operations of businesses and municipalities. Tracing its origins back to humble beginnings, Cleanaway has evolved to become a formidable force, seamlessly integrating waste management solutions with environmental sustainability. Their operations span across the collection, recycling, and disposal of general waste, organics, and recyclables, employing cutting-edge technology to ensure an efficient lifecycle of waste. With a firm commitment to sustainability, the company doesn't just haul waste—it transforms it into valuable resources and energy, maximizing recovery and minimizing landfill dependency.

The financial engine driving Cleanaway's remarkable growth lies in its diverse revenue streams. Residential, commercial, and industrial clients depend on Cleanaway’s extensive waste solutions, generating robust income. The company captures value through waste collection services, fees from recycling and processing facilities, and by converting waste into energy—a burgeoning area capturing growing interest in the renewable sector. By strategically expanding its geographical footprint and technological capabilities, Cleanaway leverages economies of scale, which positions it favorably to tackle the rising demand for sustainable waste management across Australia. Through its multifaceted approach, Cleanaway not only addresses environmental imperatives but also fortifies its position as a leader in the waste management industry.

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Last Earnings Call
Fiscal Period
Q2 2024
Call Date
Feb 15, 2024
AI Summary
Q2 2024

Strong EBIT Margin: Cleanaway delivered a 160 basis point increase in EBIT margin, driven by productivity and efficiency improvements.

Revenue Growth: Net revenue rose 7.9% to almost $1.6 billion, with higher revenue across all segments.

EBIT and EPS Jump: Underlying EBIT grew 25.7% to $173.9 million, and underlying EPS rose 23.3%.

Guidance Reaffirmed: Management reaffirmed full-year EBIT guidance of approximately $350 million and remains confident in achieving midterm targets.

Turnarounds on Track: Queensland Solids and Health Services businesses improved ahead of or in line with expectations.

Cash Flow & CapEx: Net operating cash flow increased to $229.6 million; CapEx for FY24 is expected to be $430–450 million.

Operational Excellence: Rollout of data analytics tools and process improvements are contributing broadly to efficiency and margin gains across the business.

Dividends: Interim unfranked dividend of $0.0245 per share declared, with franking to resume in FY25.

Key Financials
Net Revenue
$1.6B
EBIT
$173.9M
EBIT Margin
11%
Net Operating Cash Flow
$229.6M
CapEx
$230M (half year)
EPS
$0.037
ROIC
5.3%
Dividend
$0.0245 per share (interim, unfranked)
Leverage Ratio
1.90x
Liquid Waste Revenue
$348.2M
Liquid Waste EBIT
$28.9M
Industrial & Waste Services Revenue
$210.5M
Industrial & Waste Services EBIT
$15.6M
Cash Conversion Ratio
88.2%
Voluntary Turnover (7 months to Jan 2024)
17.6%
Earnings Call Recording
Other Earnings Calls
2024
2022

Management

Ms. Tracey Boyes
Executive General Manager of Solid Waste Services
No Bio Available
Mr. Scott Nicholls
Executive General Manager of Liquid Waste & Health Services and Industrial & Waste Services
No Bio Available
Mr. Richard Farrell
Head of Investor Relations
No Bio Available
Ms. Jade Paterson
Chief People Officer
No Bio Available
Mark Biddulph
Head of Corporate Affairs
No Bio Available

Contacts

Address
VICTORIA
Melbourne
L 4 441 St Kilda Rd
Contacts
+61383975100.0
www.cleanaway.com.au