Diversified global mining services group Perenti updated its FY24 guidance following the completion of the DDH1 transaction in October.
The newly established drilling services division integrates the four DDH1 brands with Perenti's Ausdrill business.
Post-acquisition, FY24 guidance predicts revenue between $3.3 billion and $3.4 billion, underlying EBIT(A) of $310 million to $325 million, net capital expenditure of about $365 million, and leverage of 0.7x to 0.8x.
The guidance excludes a $15 million cash commitment for future facing investment related to idoba product development.