Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2018 Earnings Presentation
13 slides from Boom Logistics's earnings presentation, February 2018
Slide 1: Half Year Results Presentation
31 December 2017 Half Year Results Presentation February 2018
Slide 2: Execution of Strategy Delivering Positive Outcomes
Execution of Strategy Delivering Positive Outcomes 1. Revenue Growth – up 26% on pcp to $92.4m Maintenance contracts delivering increased revenue Major projects delivered growth in H1 with two wind farm construction projects to continue into H2 Labour hire business delivering revenue growth 2.
Slide 3: Strategy Supported by Improved Market Conditions
Strategy Supported by Improved Market Conditions Trading conditions strengthened in the period: Customers in the core resources sector increased spending on their maintenance programs Spending on infrastructure projects increased. In the period Boom: Completed a major shutdown at BHP’s Olymp
Slide 4: Operating Profit Strengthened
Operating Profit Strengthened 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 – GP% (2) 29.0% 27.1% after recog
Slide 5: Stable Balance Sheet
Stable Balance Sheet 31-Dec-17 30-Jun-17 mvmt $m $m $m 1. Net asset values and NTA per share stable, Cash 1.8 2.2 (0.4) reflecting: Trade and Other Receivables (2) 41.6 30.4 11.2 - No asset impairment in period – independent asset valuation supported Assets Held for Sale (1) 1.7 4.6 (2.9) carrying v
Slide 6: Cash Flow Impacted by Working Capital Growth
Cash Flow Impacted by Working Capital Growth 31-Dec-17 31-Dec-16 mvmt $m $m $m Trading EBITDA 11.3 4.5 6.8 1. Working capital increased as a result of less: cash component of non-trading - expense in period (0.2) (0.4) 0.2 revenue growth and timing of project work: less: non-trading - cash outflow f
Slide 7: Revenue Outlook – Building on Growth
Revenue Outlook – Building on Growth Pipeline Opportunity Solid Wind farm market: construction opportunities for FY19 and FY20 of circa $300m with Boom targeting to win circa $30m p.a. in this sector Maintenance market to increase as wind farm generation increases. Boom is well placed in this
Slide 8: Capital Plan to Deliver Continued Growth
Capital Plan to Deliver Continued Growth Boom will seek to maximise Balance Sheet flexibility whilst building significant capacity for further revenue growth and deliver positive returns on capital Additional capital will be supplied to the business in line with customer and market demand: Sho
Slide 9: Outlook
Outlook Outlook for Second Half FY18: Improved trading conditions expected to continue through to second half Opportunities for further revenue growth and contract wins in: Resources sector Infrastructure sector Continued growth in wind farm markets – construction and maintenance Labour
Slide 10: Revenue Mix
Revenue Mix BOOT Revenue by Market Segment YTD December 17 m Resources - Coal, Copper, Alumina, Iron Ore, Gold, Other Construction and Engineering - Commercial and Infrastructure @ Industrial Maintenance m Energy & Utilities - LNG, Wind, Power & Water m Telecommunications Other
Slide 11: Investor enquiries
Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Tim Rogers Chief Financial Officer 03 9207 2500 10
Slide 12: Disclaimer
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 use of words such as
Slide 13: BOOM Logistics
BOOM Logistics Level 1,55 Southbank Boulevard Southbank Victoria 3006 T: +61 3 9207 2500 F: +613 9207 2400 E: info@boomlogistics.com.au www.boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961