Mastermyne Group Limited · ASX:MYE
Mastermyne — H1 FY2016 Earnings Presentation
16 slides from Mastermyne's earnings presentation, Feb 16, 2016
Slide 1: 2016 Half Year Results
2016 Half Year Results For personal use only Click to edit Master title style 16 February 2016 Tony Caruso – CEO & Managing Director Chris Kneipp – Chief Financial Officer Slide 1
Slide 2: Overview
Overview For personal use only • Tough market conditions continue to challenge the sector • Good operating performance driven by strong results from the Mining Division • Strong balance sheet provides capacity for counter cyclical opportunities • Board strengthened by new appointment with deep exper
Slide 3: Improved result despite difficult market conditions
Improved result despite difficult market conditions For personal use only H1 EBITDA Comparison ($m) H1 NPAT Comparison ($m) 4 2 3 0 2 FY15 FY16 -2 1 -4 0 -6 FY15 FY16 H1 NPAT H1 EBITDA • Robust financial performance driven by the Mastermyne Mining business • Revenue of $99.7m – up 28% on pcp • Impro
Slide 4: Safe Operations remains a core value
Safe Operations remains a core value For personal use only • Mastertec seeing the benefits of the Project Hours worked and TRIFR strong Group safety culture 2,500,000 7 • Injury frequency rates trending down 5.85 5.56 5.22 6 following DMS integration 2,000,000 4.34 5 • Group maintained safety and 1,
Slide 5: Mastermyne Mining Division delivers strong performance
Mastermyne Mining Division delivers strong performance For personal use only • Market remains focused on lowering costs • Mastermyne has reduced labour rates and reconfigured service offers to suit • Strata stabilisation services added to improve our value offer to clients • New contracts have been
Slide 6: Mastertec performance mixed with tougher market than expected
Mastertec performance mixed with tougher market than expected For personal use only • Maintenance and Engineering spend hasn’t rebounded • Services, Consumables and Gladstone Workshops all EBITDA positive – BD effort being increased • Mackay (complete) and Rockhampton workshops restructuring for cas
Slide 7: Order book reflects current market conditions
Order book reflects current market conditions For personal use only • Current Order Book Anglo Moranbah Region $185.8 million Umbrella Contract • Mastermyne Anglo Moranbah Region Mining Drivage Contract $159.1 million • Mastertec Westcliff Colliery $26.7 million • $55 million to be Appin Colliery de
Slide 8: Continuing with strategies for a cyclical market
Continuing with strategies for a cyclical market For personal use only Mastermyne Mining Division • Focusing on “value add” proposition through expanded range of services • Organic growth through ‘whole of mine’ projects ($2 billion of value of current pipeline opportunities) • Developing strategic
Slide 9: Mastermyne situation and outlook
Mastermyne situation and outlook For personal use only • The market sectors in which we operate continue to face headwinds • Mastermyne is providing lower cost solutions to our clients • The Company is performing well and generating cash throughout the market cycle • Conservation of our balance shee
Slide 10: Appendices
For personal use only Slide 10 Appendices
Slide 11: Corporate Overview
Corporate Overview For personal use only Capital Structure Substantial Shareholders Share price as at 24 February ($) 0.185 Andrew Watts 13.46% Shares on issue (m) 91.1 Kenneth Kamon 11.94% Market cap ($m) 16.9 Darren Hamblin 10.65% Net Debt as at 31 December 2015 ($m) 14 Maui Capital 6.91% Enterpri
Slide 12: Mastermyne 1H16 income statement
Mastermyne 1H16 income statement For personal use only $AUD ($’000) 1H16 1H15 Change (%) Total Revenue 99,694 77,739 28% Statutory EBITDA 3,524 2,039 73% Goodwill Impairment (4,538) Statutory profit/(loss) before tax (810) (6,197) 87% Tax benefit/(expense) 301 447 33% Statutory profit/(loss) after t
Slide 13: Mastermyne 1H16 cash flow
Mastermyne 1H16 cash flow For personal use only $AUD (000's) Dec- Dec-15 Dec- Dec-14 EBITDA (Statutory) 3,524 2,039 Movements in Working Capital (6,673) 8,319 Non cash items (16) 8 Interest Costs (505) (413) Income tax payments (117) (499) Net Operating Cash Flow (3,787) 9,454 Proceeds from exercise
Slide 14: Mastermyne 1H16 balance sheet
Mastermyne 1H16 balance sheet For personal use only $AUD (000's) Dec- Dec-15 Jun- Jun-15 Assets Cash and cash equivalents 614 8,723 Trade and other receivables 39,616 38,568 Inventories 3,843 3,002 Current Tax Assets 1,441 259 Total current assets 45,514 50,552 Deferred Tax Asset 6,381 7,146 Propert
Slide 15: Disclaimer and Important Notice
Disclaimer and Important Notice For personal use only 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 us
Slide 16: Contact
CONTACT For personal use only www.mastermyne.com.au Information for Investors / Analysts: Tony Caruso – Managing Director: (07) 4963 0400 Chris Kneipp– CFO/Company Secretary: (07) 4963 0400 Slide 16