Boom Logistics Ltd · ASX:BOL
Boom Logistics — Shareholder Meeting (November 2022)
27 slides from Boom Logistics's shareholder meeting presentation, Nov 25, 2022
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 25 November 2022 Boom Logistics Annual General Meeting 2022 0
Slide 2: Chair's Address
CHAIR’S ADDRESS Melanie Allibon Boom Logistics Annual General Meeting 2022
Slide 3: FY22 Results
FY22 RESULTS* Revenue EBITDA EBIT NPAT $215.8m $41.6m $7.1m $3.8m up from $173.3m up from $36.3m up from $4.5m up from $1.2m Operating Cashflow ROCE Net CAPEX Gearing $37.6m 4.1% $16.8m 29.4% (net debt/equity) up from $25.9m up from 2.5% up from $14.7m (before tax) * FY22 compared to FY21 (pcp) Boom
Slide 4: Our Industries & Market Opportunities
OUR INDUSTRIES & MARKET OPPORTUNITIES Mining support services is Wind farm construction Mining circa $37B* over next 3 years, Renewables projects planned is circa driven by strong demand for $5B* over next 3 years commodities Renewables Mining Boom provides a total Boom provides total lifting constr
Slide 5: Board of Directors and Executive Team
BOARD OF DIRECTORS AND EXECUTIVE TEAM Melanie Allibon Damian Banks Stephen Grove Kieran Pryke James Scott Independent, Non-executive Independent, Non-executive Non-independent, Independent, Non-executive Independent, Non-executive Director Non-executive director Director Director Chair Tony Spassopo
Slide 6: Managing Director's Address
MANAGING DIRECTOR’S ADDRESS Tony Spassopoulos Boom Logistics Annual General Meeting 2022 5
Slide 7: About Us
ABOUT US At Boom, we deliver safe lifting solutions, Our People are our strength. We strive to retain with scale and precision, every time. Managing risk and recruit the best talent to ensure safety, performance and complexity with confidence – that’s the promise we and growth including our commitme
Slide 8: Safety
SAFETY Positive safety • Boom’s safety performance is a key operational metric, SAOFR TRIFR culture across with ongoing focus on Safe Act Observations (SAO’s) the business, and on-site interactions with the workforce • COVIDSafe practices maintained across all Boom depots Zero LTI’s and customer sit
Slide 9: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE Working with • ESG Charter developed and formalising our commitment key suppliers to sustainable initiatives to reduce our carbon footprint to introduce and emission targets new assets with Hybrid • Ordered our first electric operated “E-Power Pack” mobile crane to
Slide 10: Diversified Revenue Streams
DIVERSIFIED REVENUE STREAMS $185m $173m $216m Boom Logistics Annual General Meeting 2022 9
Slide 11: Mining and Resources
MINING AND RESOURCES Strong demand in mining sector FY22 overview with revenue • Significant revenue growth across all regions with 43% up 43% increase to $116m in mining maintenance & services on last year • Major BHP Olympic Dam SCM21 completed, delivering $17.9m in shutdown revenue • Contract ext
Slide 12: Case Study: BHP Olympic Dam SCM21 Shutdown
CASE STUDY: New cranes BHP OLYMPIC DAM delivered to Olympic Dam SCM21 SHUTDOWN for SCM21 and ongoing contract work The SCM21 shutdown (Smelter Campaign Maintenance) was undertaken at BHP’s Olympic Dam site Boom provided all lifting services across the site for the SCM21 shutdown. This included: 23
Slide 13: Wind, Energy & Utilities
WIND, ENERGY & UTILITIES Wind & Energy FY22 overview project revenue • Renewables and Energy revenue increased by 10% to $43m up 10% • Wind farm installation works completed at Coopers Gap (QLD) and on last year commenced new project at Bango wind farm (NSW) • High-voltage transmission line project
Slide 14: Case Study: Bango Wind Farm Project
CASE STUDY: 750 tonne BANGO WIND FARM PROJECT crane lifting 136 tonne 121 metre The Bango Wind Farm is located hub height in Ngunnawal Country, 30km north of Yass in NSW and will operate 46 GE 5.3MW turbines Boom provided the cranes and lifting services on site to build the Bango wind farm The proje
Slide 15: Infrastructure
INFRASTRUCTURE Infrastructure project revenue FY22 overview Increased by • Infrastructure revenue increased by 35% to $31m • Snowy 2.0 project continued, installing new tunnel boring 35% machines (TBMs) and tunnel refurbishment work on prior year • Completed infrastructure projects included Parramat
Slide 16: FY23 Outlook
FY23 OUTLOOK 1H revenue will be lower Building recurring Strong tender pipeline Strategy to achieve than pcp with no SCM21 revenues in Mining in Renewables as sustainable profit growth project, wet weather events maintenance and major wind farm projects and improve & supply chain delays shutdowns in
Slide 17: Formal Business
FORMAL BUSINESS Boom Logistics Annual General Meeting 2022 16
Slide 18: Item 1 – Financial Statements and Reports
Item 1 • Financial Statements and Reports Boom Logistics Annual General Meeting 2022 17
Slide 19: Item 2 – Re-election of Melanie Allibon
Item 2 • That Mrs Melanie Allibon be re-elected as a Director of the Company Source: Computershare Number of Shares % of all issued Shares For 118,912,471 27.80% Against 664,601 0.16% Discretionary* 4,700,475 1.10% Abstain 122,334 0.03% * The number of the Chair’s discretionary votes. Note: These fi
Slide 20: Item 3 – Election of Damian Banks
Item 3 • That Mr Damian Banks be elected as a Director of the Company Source: Computershare Number of Shares % of all issued Shares For 118,688,059 27.75% Against 692,265 0.16% Discretionary* 4,711,409 1.10% Abstain 308,148 0.07% * The number of the Chair’s discretionary votes. Note: These figures r
Slide 21: Item 4 – Election of James Scott
Item 4 • That Mr James Scott be elected as a Director of the Company Source: Computershare Number of Shares % of all issued Shares For 118,586,676 27.72% Against 780,582 0.18% Discretionary* 4,714,475 1.10% Abstain 318,148 0.07% * The number of the Chairs discretionary votes. Note: These figures rel
Slide 22: Item 5 – Adoption of the Remuneration Report
Item 5 – Adoption of the Remuneration Report • That the Remuneration Report for the financial year ended 30 June 2022 be adopted Source: Computershare Number of Shares % of all issued Shares For 64,462,371 15.07% Against 3,168,947 0.74% Discretionary* 4,700,475 1.10% Abstain 51,768,088 12.10% * The
Slide 23: Item 6 – Grant of Rights to the Managing Director
Item 6 – Grant of Rights to the Managing Director • That for the purposes of ASX Listing Rule 10.14 and for all other purposes, approval be given for the issue of the following Rights to Mr. Tony Spassopoulos, the Company’s Managing Director, under the Company’s Executive Remuneration Plan on the te
Slide 24: Item 6 – Grant of Rights to the Managing Director
Item 6 • Grant of Rights to the Managing Director Source: Computershare Number of Shares % of all issued Shares For 64,400,139 15.05% Against 3,558,303 0.83% Discretionary* 4,782,482 1.12% Abstain 51,658,957 12.08% * The number of the Chair’s discretionary votes. Note: These figures relate to the pr
Slide 25: Item 7 – Appointment of Auditor
Item 7 – Appointment of Auditor Source: Computershare Number of Shares % of all issued Shares For 118,855,550 27.78% Against 532,610 0.12% Discretionary* 4,700,475 1.10% Abstain 311,246 0.07% * The number of the Chair’s discretionary votes. Note: These figures relate to the proxies lodged 48 hours p
Slide 26: Close of Business
CLOSE OF BUSINESS Boom Logistics Annual General Meeting 2022 25
Slide 27: 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