SHAPE Australia (SHA) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of Aboriginal and Torres Strait Islander peoples and confirmation of quorum.

• Directors, management, and auditor introduced; notice of meeting taken as read.

• CEO and Chairman delivered addresses outlining achievements and strategic direction.

• Voting procedures and card system for attendees explained, with poll opened for all resolutions.

Financial performance review

• Achieved highest profitability in 35-year history, with EBITDA up 33% to AUD 25.9 million and net profit after tax up 53% to AUD 16 million.

• Revenue decreased by 2.7% to AUD 838.7 million due to project delays, but gross margin improved to 9.1%.

• Cash and marketable securities at AUD 98.6 million as of June 30, 2024.

• Backlog orders at record high of AUD 457.4 million, with project wins totaling AUD 947.3 million.

• Earnings per share rose 53% to 19.2c.

Board and executive committee updates

• Board continues to review director skills and experience for alignment with business needs and will make changes as appropriate.

• CEO and Managing Director highlighted operational efficiency, staff growth, and cultural achievements.