Slide 1: FY2011 Full Year Results Presentation
For personal use only Mastermyne Group Limited FY2011 Full Year Results Presentation August / September 2011 Tony Caruso – CEO & Managing Director Chris Kneipp – Financial Controller
Slide 2: Disclaimer
Disclaimer The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other use of this presentation or any information F
Slide 3: Contents
CONTENTS For personal use only Results Overview FY2011 Financial Review Operational Review Order Book & Sales Pipeline Summary 3
Slide 4: Results Overview: FY2011 Snapshot
Results Overview For personal use only FY2011 Snapshot Combined Group Revenue was $164.83 million up 68% from FY2010 and 26% above the FY2011 forecast released in the IPO prospectus. Statutory Net Profit After Tax (NPAT) was $11.74 million, Underlying $9.79 million up 10% on IPO forecast Final divid
Slide 5: Results Overview: Safety, Financial Performance, Balance Sheet
Results Overview For personal use only Safety Continuing to focus on leading safety initiatives and measures. Lagging safety statistics have increased but still well ahead of industry benchmarks. Safety resources significantly increased in the year to match growing needs of the business. Financial P
Slide 6: Results Overview: Operations, Order Book and Pipeline
Results Overview For personal use only Operational 3 new underground contracts mobilised and operating in the FY. Workforce numbers up 46% to 823 for the full year. Myne Start training centre has trained over 100 people who are now working in the business. Equipment utilisation at record levels due
Slide 7: Contents
CONTENTS For personal use only Results Overview FY2011 Financial Review Operational Review Order Book & Sales Pipeline Summary 7
Slide 8: FY2011 Financial Overview
FY11 Financial Review FY2011 Financial Overview For personal use only Proforma Actual vs Proforma Forecast 2011 Proforma Actual vs ($’000) FY2010 FY2011 FY2011 FY2010 FY2011 Pro forma Pro forma Pro forma Pro forma Pro forma Actual Forecast Actual Actual Forecast Total Revenue 98,163 133,403 164,830
Slide 9: FY2011 Divisional Performance
FY11 Financial Review FY2011 Divisional Performance For personal use only Business Unit Performance ($’000) Underground Services Engineering Revenue 150,088 1,272 13,469 Inter Segment Revenue 396 4,312 1,975 Total Divisional Revenues 150,484 5,584 15,444 Underlying EBITA 15,996 (790) 957 EBITA % 10.
Slide 10: FY2011 Working Capital & Cash Flow
FY11 Financial Review For personal use only FY2011 Working Capital & Cash Flow $AUD (000's) 2011 2010 Increase in working capital EBITDA (Statutory) 20,358 15,330 requirements during FY2011 resulting Movements in Working Capital (10,433) 1,813 from $20 million increase in trade and Non cash items 3,
Slide 11: FY2011 Balance Sheet
FY11 Financial Review FY2011 Balance Sheet For personal use only Trade and other receivables increased as a result of $AUD (000's) 2011 2010 the following: Assets Growth in revenues contributed $9 Cash and cash equivalents 6,020 8,718 million Trade and other receivables 31,929 11,928 Inventories 1,6
Slide 12: FY2011 Capital Expenditure on Major Items
FY11 Financial Review For personal use only FY2011 Capital Expenditure on Major Items Total Value Description Qty Delivered Revenue From ($000’s) Man Transporters / Drift Runner 3 $1,200 Sep-10 Sep-10 Loaders – Sandvik 2 $2,000 Jan-11 Jan-11 and April 11 Loader - Coal Tram 2 $2,000 Nov-10 Jan-11 War
Slide 13: Contents
CONTENTS For personal use only Results Overview HY2011 Financial Review Operational Review Order Book & Sales Pipeline Summary 13
Slide 14: Operational Review: Safety
Operational Review For personal use only Safety Focus has been on leading safety initiatives and measures. Lagging statistics have increased by 4.3 from previous year. Significant restructuring of the safety department. Right people in the right job. Focus on incident investigation and implementing
Slide 15: Operational Review: People
Operational Review Workforce Numbers For personal use only People 900 823 Workforce for the full year has increased 46% to 823. 800 The training centre has successfully delivered over 100 700 people into the Mastermyne workforce. 600 518 490 Recruitment teams have visited Poland, South Africa, New 5
Slide 16: Operational Review: Operations
Operational Review For personal use only Operations Qld coal sector has seen significant operational disruptions this FY but these events have been of less significance in the underground coal operations. Three new underground contracts won, mobilised and operating in the FY. New capex brought on li
Slide 17: Contents
CONTENTS For personal use only Results Overview HY2011 Financial Review Operational Review Order Book & Sales Pipeline Summary 17
Slide 18: Operational Review: Contract Order Book
Operational Review For personal use only Contract Order Book $200 Services Infrastructure Contract $178.62 $180 Newstan Mine $160 Westcliff Colliery $141.70 $140 Dendrobium Mine $120 Kestrel Mine Millions $100 Kestrel Mine Extension $86.97 $80 Oaky Creek Complex $60 Crinum North Ventillation $40 Mor
Slide 19: Operational Review: Sales Pipeline
Operational Review For personal use only Sales Pipeline Business Development Manager recruited in the year Sales pipeline focus is on longer term projects. Sales pipeline beyond 2012 building with tier 1 and 2 coal companies well advanced on several large scale underground projects: Anglo – Grosveno
Slide 20: Contents
CONTENTS For personal use only Results Overview HY2011 Financial Review Operational Review Order Book & Sales Pipeline Summary 20
Slide 21: Summary and Outlook
Summary For personal use only Summary Safety remains a core value but performance has been impacted by growth. Strong revenue and profit performance in FY2011 despite the sector interruptions experienced during the FY. Similar to the GFC Mastermyne has shown resilience to the impacts of extreme exte