Slide 1: Half Year Results Presentation 31 December 2006
Half Year Results Presentation 31 December 2006
Slide 2: Content
Content 1. 1HFY07 Highlights 2. CEO Transition 3. 1HFY07 Financial Performance 4. James Group Integration 5. FY07 Full Year Expectation 6. Revenue Segmentation 7. Outlook 2 of 22
Slide 3: 1st Half – FY2007 Highlights
1st Half – FY2007 Highlights • NPAT up 25% to $19.6m. • EBITDA up 36% to $48.2m. • Fully franked interim dividend 5.7cps up 10%. • Underlying organic growth rate of 10%. • Integration of James Group progressing well. 3 of 22
Slide 4: CEO Transition
CEO Transition • Rod Harmon (CEO) to retire from Boom Logistics 30th June 2007. – He will pursue business interests in the IT industry. • Mark Lawrence (CFO) appointment as CEO effective 30th June 2007. • A structured succession plan transition. • Executive Management Team has been strengthened by r
Slide 5: Management structure – 1st July 2007
Management structure – 1st July 2007 Board CEO Mark Lawrence (Current CFO) J. Carr B. Praetz TBA P. Shelton GM Business Chief Chief Financial GM James Development Operating Officer Equipment Officer C. Donaldson B. Salleh A. Pagonis M. Apthorpe S. Goulding F. Legena B. James GM WA GM VIC GM WA GM NS
Slide 6: 1HFY07 Financial Performance
1HFY07 Financial Performance % $ million 1H06 1H07 Change Revenue 121.9 170.4 40% EBITDA 35.4 48.2 36% EBITDA % 29.0% 28.3% (0.7%) EBIT 26.2 33.8 29% EBIT % 21.5% 19.9% (1.6%) NPAT 15.7 19.6 25% NPAT % 12.9% 11.5% (1.4%) EPS 11.0 11.5 5% DPS 5.2 5.7 10% 6 of 22
Slide 7: Financial Performance
Financial Performance • Revenue increase driven by: – Acquisition of James Group – 1 August 2007 – New contracts eg. BHP Mt. Arthur North – Increased sector demand from electrical authorities – Continued demand from resource customer base – Ï customer demand for bundled services • Slightly lower 1HF
Slide 8: Financial Position
Financial Position Half Year end 31 December 2006 $ Millions • Strong financial position. Cash 12.0 • 2HFY07 – Debt capacity of $50m Receivables 63.7 to fund growth. Inventory 8.7 Plant & equipment 346.2 • Dividend payout policy Intangibles 91.2 = 50% NOPAT. Other current & non-current assets 7.7 To
Slide 9: YTD Capital Expenditure to December 2006
YTD Capital Expenditure to December 2006 $ • Proposed FY07 replacement capex of $29 million in line with Category Million FY07 depreciation expense. Replacement 22.9 • Organic capex focus towards Organic growth 28.7 long term contracted opportunities. Sub total 51.6 Acquisition – James Group 59.5 To
Slide 10: James Group Integration
James Group Integration • Delighted with the first 5 months performance. • Integration has gone very well. • Crane sales have exceeded expectation. • Internal capital savings to date exceed $1m. • Dry Hire division has been a solid performer and has increased national fleet flexibility. • No surpris
Slide 11: Revenue Segmentation – 1HY07
Revenue Segmentation – 1HY07 Market Segmentation Segmentation by State Residential SA TAS Government/ 0% 3% 1% Defence 1% Non Infrastructure VIC Residential 10% WA 12% 17% 23% Industrial Resources Maintenance QLD Maintenance NSW 41% 36% 31% 25% Diversified/ maintainable earnings base. 100% = $170.4M
Slide 12: Revenue Segmentation – 1HY07
Revenue Segmentation – 1HY07 Segmentation by Equipment Wet Hire/ Dry Hire Other 3% Crane Sales Crane Sales 12% 13% Travel Tower Dry Hire 11% Cranes 23% Wet Hire Access 49% Equipment 64% 10% Heavy Rigging Haulage/ 6% Transport 9% Blue Chip Client Base 100% = $170.4M 1HY07 revenue • BlueScope Steel •
Slide 13: Outlook
BOOM a vt & 2 MITED BOOM Providers of Lifting Solutions to Australia , ae Outlook 13 of 22
Slide 14: FY07 Full Year Expectation
FY07 Full Year Expectation • On track to achieve 45% 1HY07, 55% 2HY07 NOPAT split • Outlook for 2HFY07: – All Divisions maintain solid outlooks for 2HFY07. – Solid demand from maintenance and infrastructure based customers. – Tower Division - Commitments for cranes Ï from 6 in 1HFY07 to 27 in 2HFY07
Slide 15: BOOM is well positioned to continue its growth
BOOM is well positioned to continue its growth Consistent with our strategic intent we will: • Further enhance our national presence via: − business acquisitions – several targets being pursued. − organic growth: • $5m in new contracts recently awarded. • State and national cross selling opportuniti
Slide 16: Market Outlook
Market Outlook • We maintain a solid outlook based on: 1. Our industry sector weighting and focus: • Resources • Industrial • Infrastructure • Selective construction 2. Demand for our bundled service offering. 3. Ability to leverage our competitive advantage. 4. Further acquisitive opportunities. 5.
Slide 17: Questions
BOOf ctatedet- &* BOOM Providers of Lifting Solutions to Australia , ae Questions 17 of 22
Slide 18: Contact Details
Contact Details Rod Harmon Mark Lawrence Managing Director Finance Director Address: Level 12, 390 St Kilda Road MELBOURNE VIC 3004 Phone: (03) 9864 0200 Fax: (03) 9864 0222 18 of 22
Slide 19: Appendix
a vt & 2 ' BOOM BOOM Providers of Lifting Solutions to Australia , ae Appendix 19 of 22
Slide 20: Boom Logistics network and fleet
Boom Logistics Sherrin Hire James Group Nebo Middlemount Banjo Canningvale 1,279 Employees Altona North 578 Cranes Over 2,000 Pieces of Other Equipment 55 Depots 20 of 22
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