Boom Logistics Ltd · ASX:BOL
Boom Logistics — Shareholder Meeting (October 2015)
26 slides from Boom Logistics's shareholder meeting presentation, Oct 27, 2015
Slide 1: 2015 Annual General Meeting
For personal use only 2015 Annual General Meeting October2015
Slide 2: FY15 Results
FY15 Results Significant restructuring and capital management to support For personal use only profit recovery in FY16. Statutory EBIT loss of $33.2m Statutory NPAT loss of $36.9m Trading EBIT loss of $6.3m Trading NPAT loss of $9.8m Restructuring in response to challenging market conditio
Slide 3: Debt Amortisation Schedule
Debt Amortisation Schedule For personal use only Syndicated Bank Actual Syndicated Period Ended Facility Limit Bank Debt Drawn Undrawn Facility $m $m $m 30-Jun-15 82.5 78.4 4.1 30-Sep-15 75.0 68.0 7.0 31-Dec-15 67.5 31-Mar-16 60.0 On track for gross debt to be 30-Jun-16 52.5 less than $50m by 30 Jun
Slide 4: Topics Covered
Topics Covered For personal use only • Results Overview FY15 • FY16 Strategic Overview and Focus • FY16 Outlook and 3 Month Trading Update 3
Slide 5: Financial Review FY15 - Profit & Loss
Financial Review FY15 Profit & Loss % $m FY15 FY14 For personal use only change Operating Revenue 203.3 268.1 (24%) Revenue decline following difficult market Profit on Sale of Assets 3.2 5.0 conditions, particularly in 2HFY15 Interest Income 0.1 0.2 Significant cost reduction activity to mitiga
Slide 6: FY15 Results Overview
FY15 Results Overview Highly volatile market conditions experienced during the year For personal use only Sharp decline in commodity prices Reduced demand from customers including temporary closure of mine sites, cancellation of routine maintenance and delays to projects 1HFY15 particularly
Slide 7: Financial Review FY15 - Balance Sheet
Financial Review FY15 Balance Sheet 30 June 30 June Statutory $m Movement For personal use only 2015 2014 Cash 7.0 8.6 (1.6) Syndicated debt reduced by Trade Receivables 40.6 55.4 (14.8) $21.5m through positive free cash Income Tax Receivable 4.4 4.4 - flow Inventories 0.3 0.3 - Assets Held For Sa
Slide 8: Financial Review FY15 - Cash Flow
Financial Review FY15 Cash Flow Statutory $m For personal use only FY15 FY14 Movement Net receipts / (payments) 14.3 32.1 (17.8) Positive free cash flow of $20.4m Net interest received / (paid) (5.8) (7.6) 1.8 Income tax received / ( paid) - - - Capital expenditure of $8.3m (of which $5.3m was c
Slide 9: Syndicated Debt Facility
Syndicated Debt Facility For personal use only New debt arrangements with existing banking syndicate through to the current facility’s expiry in January 2017 Debt Service Cover Ratio to remain above 2.5x — to reflect cash flows available to cover interest costs. Amortisation schedule of the fa
Slide 10: FY16 Profit Recovery Initiatives
FY16 Profit Recovery Initiatives 1. Increase revenue in key geographic 2. Align Operational Labour Costs with For personal use only areas and industry sectors Market Conditions Recent wins Enterprise Agreements (EAs) with increased flexibilities, lower/industry standard wages and Wesfarmers Curr
Slide 11: FY16 Outlook
FY16 Outlook Boom expects trading conditions to continue to be challenging: For personal use only We continue to work with our customers to enable us to respond to pricing pressure Cancellation or completion of construction projects in the resources sector Subdued project activity in the inf
Slide 12: Addendum: Asset Snapshot
Addendum Asset Snapshot For personal use only Cranes Travel Towers Other Assets* Total^ WA East Coast WA East Coast WA East Coast At 30 June 2015 Number of Assets 104 242 35 202 N/A N/A Value of Assets ($'m) 80.1 99.1 6.6 50.9 10.6 14.8 262.1 Year Ended 30 June 2015 Number of Assets Disposed 22 56 9
Slide 13: Addendum: Asset Utilisation
Addendum Asset Utilisation For personal use only Crane Utilisation Year Ended 30 3 Months Ended Crane Capacity June 2015 30 Sep 2015 0-25 tonne 76% 84% 26-55 tonne 72% 79% 56-100 tonne 83% 86% 101-199 tonne 71% 67% 200-299 tonne 74% 70% 300 tonne + 71% 51% Travel Tower Utilisation Year Ended 30 3 Mo
Slide 14: Addendum: Revenue by Sector FY15
Addendum Revenue by Sector FY15 Market Segment For personal use only 1% 11% Resources - Coal, Copper, Alumina, Iron Ore, Gold, Other Construction and Engineering - 13% Commercial and Infrastructure 43% Telecommunications Energy and Utilities - LNG, Wind, Power & Water Industrial Maintenance 14% Othe
Slide 15: Ordinary Business
For personal use only Ordinary Business 14
Slide 16: Item: Financial Statements and Reports
Item 1 For personal use only Financial Statements and Reports 15
Slide 17: Re-election of Mr Rodney John Robinson as Director
Item 2 For personal use only That Mr. Rodney John Robinson be re-elected as a Director of the Company 16
Slide 18: Re-election of Director: proxy results
Item 2 For personal use only That Mr. Rodney John Robinson be re-elected as a Director of the Company Source: Computershare Number of Shares % of all issued Shares For 166,064,480 34.97% Against 72,508,581 15.27% Discretionary * 957,874 0.20% 239,530,935 50.44% * The number of the Chairman’s discr
Slide 19: Special Business
For personal use only Special Business 18
Slide 20: Adoption of Remuneration Report
Item 3 That the Remuneration Report for the financial year ended 30 June For personal use only 2015 be adopted 19
Slide 21: Remuneration Report: proxy results
Item 3 That the Remuneration Report for the financial year ended 30 June For personal use only 2015 be adopted Source: Computershare Number of Shares % of all issued Shares For 88,202,330 18.57% Against 139,311,818 29.34% Discretionary 706,145 0.15% 228,220,293 48.06% Note: These figures relate to
Slide 22: Grant of Share Units to Managing Director
Item 4 That approval be given for all purposes, including ASX Listing Rule For personal use only 10.14, for the grant of Share Units to the Managing Director, Mr Brenden Mitchell, in accordance with the terms of the Boom Logistics Limited Long Term Incentive Plan and on the terms summarised in the
Slide 23: Share Units grant: proxy results
Item 4 That approval be given for all purposes, including ASX Listing Rule For personal use only 10.14, for the grant of Share Units to the Managing Director, Mr Brenden Mitchell, in accordance with the terms of the Boom Logistics Limited Long Term Incentive Plan and on the terms summarised in the
Slide 24: Investor enquiries
For personal use only Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Tim Rogers Chief Financial Officer 03 9207 2500 23
Slide 25: Disclaimer
For personal use only 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
Slide 26: BOOM Logistics contact details
2 E S) @ ) = @ ‘= e) D = ® oe = S) BOOM Logistics Level 6, 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