Mincon : 2022 H1 Investor Financial Review

The Driller's Choice

RESULTS

H1 2022

SUMMARY H1 2022

Strong organic growth in the period backed by a solid performance from recent acquisitions and currency tailwinds.

Construction revenue growth of 55% with the return of large projects in North America.

Strong organic growth in the mining industry due to increased activity and market share won.

An 18% increase in operating profit reflecting growth in turnover offset by reduced gross profit % due to delays in passing on price increases and sales mix.

Increased working capital due to increased activity for the Group, supply chain issues on raw material availability and freight.

BUILDING FURTHER ON PROGRESS ACHIEVED

	H1 2022	H1 2021	Change
	€'000	€'000	€'000	%
Revenue	85,168	67,000	18,168	27%
Gross margin	27,062	22,906	4,156	18%
	31.8%	34.2%
Operating profit	8,824	7,504	1,320	18%
	10.4%	11.2%

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SUSTAINABILITY IN OUR DNA

We are engineers.

Efficiency comes naturally to us.

We are investing in more sustainable manufacturing, and we take pride in designing products that use less energy.

Our journey to be a more sustainable, responsible business started years ago, and we are now ready to start sharing our successes.

Our first sustainability report will be released later this month.

Social Impact	€2.5 Million+	Green Energy
Our global CSR	Our investment in	Adopting and investing
programme for giving back	technologies that reduce	in sustainable energy
to communities.	emissions, since 2018.	supplies.

Global Safety Policy	Engineering Innovation	ISO Compliance
Prioritising the health and	Developing products that	Global standards for
wellbeing of our teams.	reduce ongoing CO2	manufacturing, quality,
	emissions, safety,	safety, and health.
	and health.

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BUSINESS REVIEW H1 2022

INDUSTRY SALES ANALYSIS

48%

Mining

H1

2022

37%

Construction

52%

Mining

15%

Waterwell /

Geothermal

30%

Construction

H1

2021

18%

Waterwell /

Geothermal

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