SCEE Group

Last week, Southern Cross Electrical Engineering Limited’s Board of Directors visited Synergy’s Collie Battery Energy Storage System (“BESS”) site to observe progress on the project. This significant infrastructure development is an important part of Western Australia’s energy transition, and the Board were pleased to note that progress is firmly on track as the project reaches peak levels of activity.   The commitment of the SCEE Electrical team, along with the coordinated efforts of all stakeholders, was particularly noted and the Board looks forward to maintaining this momentum as SCEE Electrical enables the growth of the renewable energy sector. #SceeGroup #SceeElectrical #Synergy #RenewableEnergy

SCEE Group has today released our results for the year ended 30 June 2024.    In 2024 we have delivered our largest ever profits for the second consecutive year and ended the year with a record cash balance and a record order book.   FY24 highlights included:   Record EBITDA of $40.1m up 5.0%, record EBIT of $32.7m up 10.4% and record NPAT of $21.9m up 9.1% on record prior year Record cash balance of $84.1m up 8.3% on record prior year and no debt Record order book of $720m up 18.0% on record prior year Fully franked 5.0 cps final dividend declared, up 25% on prior year final dividend Acquisition of MDE Group completed 31 May 2024 Three structural tailwinds of Data Centres, electrification and decarbonisation, and infrastructure presenting significant opportunities across our businesses Anticipating FY25 EBITDA of at least $53m with growth in FY26 and beyond Read the full announcement here: https://lnkd.in/dSti4qM6 View our investor presentation here: https://lnkd.in/drVDBiFj View our 2024 Annual Report here: https://lnkd.in/dDgtkbBB   www.scee.com.au

SCEE Group is pleased to announce that its SCEE Electrical business has been awarded the Collie Battery Energy Storage System 330kV Switchyard Package, as a contract variation to the Balance of Plant Contract with Synergy for the 500 MW/2000 MWh Collie Battery Energy Storage System (“CBESS 1”) that was recently announced to the ASX on 6 May 2024. The contract variation value is circa $50 million, and the works under the variation are scheduled for completion in the second quarter of calendar year 2025.   Please click on the link below to access the full ASX release https://lnkd.in/gVdrPXXy www.scee.com.au

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce an upgrade to the profit guidance it gave to the ASX on 6 May 2024. Following today’s announcement of the acquisition of MDE Group (“MDE”), SCEE Group now anticipates FY25 EBITDA will increase from at least $48m to at least $53m.   Please click on the link below to access the full ASX release.   https://lnkd.in/gkray9VK

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce that it has executed a Share Purchase Agreement to acquire 100% of MDE Group Pty Ltd (“MDE”). Founded in 2006 and based in Sydney, MDE provides communications, data, and electrical services for construction and fit out projects across a range of sectors including commercial building developments, data centres, and healthcare and transport infrastructure. Completion is expected to occur by the end of May 2024.   Please click on the link below to access the full ASX release.   https://lnkd.in/gxs7xsw9

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce that it anticipates FY25 EBITDA of at least $48m.   Please click on the link below to access the full ASX release. https://lnkd.in/gsjjGzDw

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce that its subsidiary SCEE Electrical has been awarded the Balance of Plant (“BOP Works’) contract by Synergy for the 500MW/2,000 MWh Collie Battery Energy Storage System (‘CBESS’). The contract is valued at circa $160 million and is scheduled for completion in the final quarter of calendar year 2025. Please click on the link below to access the full ASX release. https://lnkd.in/gVNq8KPP

This ANZAC Day, we pay tribute to the bravery and sacrifice of the courageous individuals who served our country. We hold in our hearts deep gratitude for their unwavering commitment to our nation, and we solemnly remember those who gave everything. #ANZACDay #LestWeForget

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce that its Heyday subsidiary has been awarded extensions at two data centres in New South Wales and a range of buildings projects in the ACT, totalling circa $50m.   Please click on the link below to access the full ASX release.   https://lnkd.in/gxfa7QcC

Southern Cross Electrical Engineering Limited (“SCEE Group”) is pleased to announce that its Heyday Group, SCEE Electrical, and SEME Solutions businesses have received a range of awards in the data centre and resources sectors, in New South Wales and Western Australia respectively, totalling over $70m.   Please click on the link below to access the full ASX release.   https://lnkd.in/dyMfgXPt