Cleanaway Waste Management Ltd (OTCPK:TSPCF)
$ 1.58 -0.075 (-4.53%) Market Cap: 3.64 Bil Enterprise Value: 5.06 Bil PE Ratio: 45.14 PB Ratio: 1.68 GF Score: 85/100

Half Year 2025 Cleanaway Waste Management Ltd Earnings Call Transcript

Feb 18, 2025 / 11:30 PM GMT
Release Date Price: $1.6 (-8.31%)

Key Points

Positve
  • Cleanaway Waste Management Ltd (TSPCF) reported a 12.2% increase in underlying EBIT, driven by growth in solid waste services and liquid waste and health services.
  • The company achieved a net revenue growth of 4.6%, reflecting resilience and effective pricing discipline.
  • Cleanaway Waste Management Ltd (TSPCF) expanded its EBIT margin by 80 basis points to 11.8%, showcasing operational excellence.
  • The company is on track to meet its FY25 EBIT guidance range of $395 million to $425 million, excluding the impact of the Saint Mary's fire.
  • Cleanaway Waste Management Ltd (TSPCF) has made significant progress in its sustainability initiatives, including resource recovery and reducing emissions.
Negative
  • Net operating cash flow was down 28.4% due to the resumption of tax payments.
  • The Industrial and Waste Services (IWS) segment continued to face challenging market conditions, impacting overall growth.
  • The recent fire at Saint Mary's is expected to incur net costs between $20 to $40 million, with insurance recoveries uncertain.
  • The Customer Connect project faced a 6-month delay, increasing costs by approximately $30 million and deferring expected benefits.
  • The company experienced an increase in serious injuries in the first half of FY25, highlighting ongoing safety challenges.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CWY.AX - Cleanaway Waste Management Ltd
Half Year 2025 Cleanaway Waste Management Ltd Earnings Call
Feb 18, 2025 / 11:30PM GMT

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Presentation
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You and good morning and thank you for joining Clean Away's first half results briefing for the 2025 financial year. My name is Mark Schubert. I'm joined by Paul Winfield, our CFO, and Josie Ashton, our head of investor relations.

This morning we're going to cover our strong financial results, our pleasing operational and strategic progress, and conclude with some comments on the outlook.

Leanweight continues to demonstrate strong execution, consistent growth, and a commitment to improving operational excellence.

We are confident in our ability to deliver ongoing e growth and marginal expansion and in so doing create sustainable long-term value for our shareholders.

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