Australia · Delayed Price · Currency is AUD Cleanaway Waste Management Earnings Call Transcripts
Fiscal Year 2026
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Blueprint 2.0 focuses on extracting more value from existing assets through customer-centric sales, digital transformation, and operational efficiency, targeting at least 260 basis points of margin expansion and 10%-15% EPS growth from FY 2028. Free cash flow is now central to performance, with disciplined capital allocation and ongoing digitization supporting sustainable shareholder returns.
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Delivered strong H1 FY26 results with 13% revenue and 16.9% EBIT growth, upgraded full-year EBIT guidance to AUD 480–500 million, and announced a 19.6% higher interim dividend. Operational efficiency, strategic acquisitions, and cost discipline underpin robust outlook and margin expansion.
Fiscal Year 2025
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The meeting highlighted strong financial growth, increased dividends, and major acquisitions, but was overshadowed by safety incidents leading to executive pay adjustments and a first strike on the remuneration report. Shareholders raised concerns on governance, audit independence, and strategic risks.
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Delivered strong FY 2025 results with double-digit EBIT and EPS growth, expanded margins, and increased dividends. FY 2026 EBIT guidance is $470–$500 million, including contributions from recent acquisitions, with continued focus on operational excellence and disciplined capital management.
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The acquisition of Contract Resources for AUD 377 million accelerates the DDR growth strategy, expands the addressable market, and is expected to deliver high single-digit EPSA accretion and double-digit IRR post-synergies. Integration will retain key management, maintain the brand, and unlock annual cost synergies of AUD 12 million.
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Double-digit EBIT and margin growth were delivered in H1 FY2025, with strong revenue and operational improvements across all segments. Guidance is reaffirmed at the midpoint, with key contributions expected from solids, operational excellence, and new contracts, while the St Marys fire impact is excluded from underlying results.
Fiscal Year 2024
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The AGM highlighted strong FY24 financial results, strategic acquisitions, and ongoing safety and operational improvements. Shareholders engaged on governance, remuneration, and acquisition details, with board renewal and future growth plans emphasized.
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FY 2024 saw double-digit EBIT growth, margin expansion, and strong cash flow, driven by operational excellence and strategic investments. Guidance for FY 2025 targets further EBIT growth, with key infrastructure projects and segment transformations supporting long-term ambitions.