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 expanded margins across key segments. Operational efficiency, disciplined capital allocation, and digital investments underpin a positive outlook and accelerating free cash flow.
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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FY24 delivered strong revenue, profit, and margin growth, with strategic acquisitions and operational improvements supporting future ambitions. Board renewal, enhanced governance, and a renewed safety focus were highlighted, while shareholders engaged on remuneration, acquisitions, and market risks.
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Delivered double-digit EBIT growth and exceeded FY 2024 guidance, driven by operational excellence, segment recovery, and disciplined pricing. FY 2025 EBIT is guided at AUD 395–425 million, with strong cash flow and margin expansion supporting midterm ambitions above AUD 450 million EBIT.