Boom Logistics Ltd · ASX:BOL
Boom Logistics — Investor Presentation (June 2018)
18 slides from Boom Logistics's investor presentation, Jun 25, 2018
Slide 1: Boom Logistics Limited Investor Meetings
25/06/18 ASX code: BOL For personal use only Boom Logistics Limited Investor Meetings Boom Logistics Limited (ASX:BOL) will meet with investors in Melbourne on 26 June 2018 and Sydney on 28, 29 June 2018. A copy of the meeting material is attached to this announcement. Further information: Brenden M
Slide 2: Boom Logistics Limited Investor Presentation June 2018
For personal use only Brenden Mitchell Managing Director and Chief Executive Officer Tim Rogers Chief Financial Officer Tony Spassopoulos Chief Operating Officer Boom Logistics Limited ASX:BOL June 2018
Slide 3: Disclaimer
For personal use only Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Boom and certain plans and objectives of the management of Boom. Forward-looking statements can generally be identified by the
Slide 4: Company Profile
Company Profile Key data For personal use only Largest shareholders Holding Interest Shares on issue (m) 474.9 Rorema Beheer B.V. 70,760,675 15% Options and share rights (m) 32.7 Greig & Harrison 30,040,806 6% Market capitalisation ($m) @22.5 cents 106.8 Cadence Asset Management 25,153,554 5% Cash (
Slide 5: Board
Board Max Findlay – Independent, Non-Executive Chairman – appointed 2016, was Managing Director and Chief For personal use only Executive of industrial services company Programmed Group from 1990 until his retirement from executive life in 2008. Currently Chairman of the Snowy Mountains Engineerin
Slide 6: Senior Management
Senior Management Tony Spassopoulos – Chief Operating Officer – Joined Boom in 2008, appointed to current role 2017. For personal use only Tony was previously General Manager of CHEP Asia Pacific – Reusable Plastic Containers business. Tony has a background in equipment hire and industrial service
Slide 7: Company Description
Company Description For personal use only Boom Logistics is a national industrial services group 17 depots located across Australia that delivers an integrated suite of lifting services providing engineering expertise, skilled operators, specialist equipment and a broad range of labour solutions to
Slide 8: Strategy
Strategy Ensuring we deliver better outcomes from our current revenue base which includes: For personal use only reducing our cost to serve customers; partnering with our customers to better plan and so increase efficiency; improving our contracting arrangements; and being part of their gr
Slide 9: Strategy outcomes to date
Strategy outcomes to date Closed unprofitable depots; For personal use only Debt reduced to circa $40 million at 30 June 2018; Revenue FY18 will be circa $180 million, approximately $30 million increase on FY17; Assets secured to drive further revenue increases without impacting Balance Shee
Slide 10: Revenue Profile
Revenue Profile Resources Revenue 100% For personal use only 2% 1% Predominantly maintenance contracts 6% 5% 1-5 year duration (typically 3 year terms) 90% 12% 13% Construction and Engineering Revenue 80% Predominantly civil infrastructure contracts 8% 14% subcontracting to major construct
Slide 11: Trading Results - First Six Months of FY18
Trading Results - First Six Months of FY18 For personal use only Revenue as at the end of December 2017 was $92 million compared to $73 million for the prior corresponding period Trading EDITDA for the first half was $11.3 million compared to $4.5 million for the first six months of FY17, $10.6 mi
Slide 12: Revenue Outlook – Building on Growth
Revenue Outlook – Building on Growth Pipeline Opportunity Solid For personal use only Wind farm market: Targeting to win circa $30m p.a. of wind farm construction revenue in FY19 and FY20 – (circa $20m wind farm construction revenue in FY18) Maintenance market to grow as wind farms increase. B
Slide 13: Key Messages
Key Messages For personal use only Our people have industry leading expertise and experience, the depth of which few businesses can match We are now coming out of the low point in the mining and construction cycle with a transformed business that is flexible and responsive with a healthy balance
Slide 14: Appendix - December 2017 Financial Results
Appendix For personal use only 31 December 2017 Financial Results 12
Slide 15: Profit and Loss – 1H18
Profit and Loss – 1H18 For personal use only 31-Dec-17 31-Dec-16 Change $'m $'m % Revenue from Services (1) 92.4 73.1 26% 1. Revenue up 26% less: Direct Expenses (65.6) (53.3) 23% Revenue increase attributed to: Gross Profit 26.8 19.8 35% - Increased volume from existing customers – after recognisin
Slide 16: Balance Sheet – 1H18
Balance Sheet – 1H18 For personal use only 31-Dec-17 30-Jun-17 mvmt $m $m $m 1. Net asset values and NTA per share stable, reflecting: Cash 1.8 2.2 (0.4) - No asset impairment in period – independent asset valuation Trade and Other Receivables (2) 41.6 30.4 11.2 supported carrying values; - Assets H
Slide 17: Cash Flow – 1H18
Cash Flow – 1H18 31-Dec-17 31-Dec-16 mvmt For personal use only $m $m $m Trading EBITDA 11.3 4.5 6.8 1. Working capital increased as a result of revenue growth and less: cash component of non-trading - expense in period (0.2) (0.4) 0.2 timing of project work: less: non-trading - cash outflow for res
Slide 18: Investor enquiries
For personal use only Investor enquiries: Brenden Mitchell Managing Director & Chief Executive Officer Tim Rogers Chief Financial Officer Tony Spassopoulos Chief Operating Officer 03 9207 2500 info@boomlogistics.com.au www.boomlogistics.com.au 16