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Sims Limited (ASX:SGM)

ALERT: Price-sensitive ASX Announcement for SGM
Current share price for SGM : $23.560 3.11 (15.21%)+
Announcement
Release
25 Mar 2026 8:16AM
Price at Release
$20.450
Full Release
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Summary
The SA Recycling Investor Day Presentation highlights the company's strong infrastructure and strategic growth plans. Operating in 15 states with 147 facilities, SA Recycling is expanding its market reach with a focus on both organic growth and strategic acquisitions. The company emphasizes improving safety records and increasing resource recovery yields through advanced technology investments. Financially, SA Recycling maintains a disciplined capital expenditure strategy, aiming for sustainable earnings growth and capitalizing on logistics advantages due to its strategic regional positioning. The company plans to leverage its dense network of facilities to enhance operational capabilities and market access while remaining resilient against market fluctuations.
Key Points
  • SA Recycling operates in 15 states with 147 facilities and 22 shredders.
  • The company's sales volume is set to grow at a CAGR of 8.3% from FY21 to FY26.
  • SA Recycling acts as an exclusive ferrous export broker and non-ferrous agent, enhancing market access.
  • There is a focus on organic growth and M&A, with investments in technology to increase Zorba recovery yields.
  • The logistics strategy includes leveraging a dense network of shredders and feeder yards to maximize throughput.
  • The financial strategy includes a disciplined CAPEX approach with growth capital for organic and acquisition growth.
  • Safety records have improved despite business scale-up.
  • The company has significant shredder utilization headroom for further growth.
  • SA Recycling benefits from strategic regional locations near major EAF steel mills, providing logistics advantages.
  • There is an ongoing strategy for bolt-on acquisitions and regional consolidation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.