Mastermyne Group Limited · ASX:MYE
Mastermyne — Wilsons Rapid Insights Conference 2020
16 slides from Mastermyne's conference presentation, May 28, 2020
Slide 1: Wilsons Rapid Insights Conference
Wilsons Rapid Insights Conference May 2020 Tony Caruso, CEO & Managing Director Brett Maff, Chief Financial Officer
Slide 2: Since The Half Year
Since The Half Year • COVID 19 minimal impacts • Integra - extended for 2 years • New loaders operational by • FY2020 guidance range (plus 2 x 1 year options) July/August 2020 narrowed for Revenue and • Metallurgical coal pricing soft • 6cps in dividends paid over EBITDA to $295m - $300m but fundame
Slide 3: Focus on Safety Doesn’t Change
Focus on Safety Doesn’t Change • Recent industry events reinforce focus on safety for mine workers • The Queensland Parliament passes the Mineral and Energy Resources and Other Legislation Amendment Bill 2020 • Continued focus on risk management and reducing exposure to critical risks • Leading safe
Slide 4: 95% of Mastermyne’s Order Book is in Metallurgical Coal
95% of Mastermyne’s Order Book is in Metallurgical Coal • Recent softness in Metallurgical Coal pricing but expected to bounce back • Long term fundamentals remain very strong • Total seaborne market forecast to increase by 1.9% CAGR to 2025 (source: Wood Mackenzie) • China demand remains steady • I
Slide 5: We Remain on Track for a Record Year
We Remain on Track for a Record Year • Recap on H1 performance • Revenue $136.4m vs $116.8m pcp up 17% • NPAT $4.3m vs $3.2m pcp up 37% • EBITDA $11.4m vs $9.3m pcp up 23% (8.4% EBITDA margin, up from 8.0% in pcp) • Second Half Revenue, EBITDA and NPAT up on H1 as expected • Some softness in last 2
Slide 6: $208 million of Revenue Secured for FY2021
$208 million of Revenue Secured for FY2021 FY2021 order book • FY2021 Order book excludes recurring work of ~$30-40m pa $208 million* • Key contracts extended on MNM Umbrella, Integra and Broadmeadow • Wilson Mining business integrated and adding to future revenue FY2022 order book $177 million • Te
Slide 7: Recent Extensions Give Visibility to Long Term Revenue
Recent Extensions Give Visibility to Long Term Revenue 7
Slide 8: Plan for Growth Remains Unchanged
Plan for Growth Remains Unchanged 01 02 03 Maximise returns from Expand underground Build a whole of mine core coal business service offering business • Convert current tender pipeline • Leverage Wilson Mining • Assessing multiple WOM opportunities acquisition opportunities moving through the pipeli
Slide 9: Appendices
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Slide 10: Corporate Overview
Corporate Overview Capital structure Shareholder composition Share price as at 20 May 2020 $0.685 Retail Investors 50% Shares on issue* 106.3m Institutional Investors 34% Market capitalisation $72.8m Net Cash/(Debt) as at 31 December $4.9m Board & Management 16% 2019 Enterprise value $67.9m Two-year
Slide 11: Board
Board Colin Bloomfield Anthony Caruso Andrew Watts Gabriel Meena Julie Whitcombe Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Colin’s former roles during his 27 Tony has held a number of senior Andrew co-founded Mastermyne in Gabe is a
Slide 12: HY20 Financial Performance
HY20 Financial Performance Period ended 31 December HY20 HY19* Change 2019 Total Revenue $136.35m $116.77m +16.8% EBITDA $11.43m $9.31m +22.8% EBITDA % 8.4% 8.0% +0.4% Statutory profit/(loss) before tax $6.25m $4.62m +35.2% Tax benefit/(expense) ($1.91m) ($1.46m) (31.0%) Statutory profit/(loss) afte
Slide 13: HY20 Cash Flow
HY20 Cash Flow Period ended 31 December 2019 HY20 HY19 $AUD millions EBITDA (Statutory) 11.43 9.30 Movements in working capital (4.93) 2.74 Non-cash items 0.10 0.07 Net interest costs (0.17) (0.34) Income tax receipts / (payments) (1.51) (1.40) Net Operating Cash Flow 4.92 10.38 Net capex (including
Slide 14: HY20 Balance Sheet
HY20 Balance Sheet Assets Liabilities Period ended 31 December Period ended 31 December 2019 HY20 FY19 2019 HY20 FY19 $AUD millions $AUD millions Assets Liabilities Cash and cash equivalents 8.72 16.42 Trade and other payables 19.09 16.82 Trade and other receivables 47.95 39.17 Loans and borrowings
Slide 15: Disclaimer
Disclaimer The following disclaimer applies to this presentation and any information provided success of the strategies is subject to uncertainties and contingencies beyond regarding the information contained in this presentation (the Information). You are Mastermyne’s control, and no assurance can
Slide 16: Contacts
Contacts Tony Caruso Managing Director (07) 4963 0400 Brett Maff CFO/Company Secretary (07) 4963 0400 mastermyne.com.au
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