Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2017 Earnings Presentation
15 slides from Boom Logistics's earnings presentation, February 2017
Slide 1: Half Year Results Presentation
31 December 2016 Half Year Results Presentation February 2017
Slide 2: Results Overview
Results Overview DRAFT ONLY Total Revenue of $73.1m (FY16 H1: $79.9m; FY16 H2: $72.4m) Significant improvement in East Coast business – revenue up 8% on pcp Further decline in West Coast business – on-going revenue down 33% on pcp Trading EBITDA of $4.5m (FY16 H1: $6.7m; FY16 H2: $4.5m) Op
Slide 3: Market Conditions
Market Conditions DRAFT ONLY Business conditions contrasted significantly between the East and West Coast East Coast Markets Benefits from Boom’s strategic initiatives began to deliver improved results across the East Coast business Flexible labour arrangements delivering better results from con
Slide 4: Update on Tender Opportunities
Update on Tender Opportunities DRAFT ONLY Renewed contracts worth $15m of annual revenue with customers we currently serve Olympic Dam renewed for a further 5 year term Two major resources customers have renewed or extended their contracts in the Hunter Valley and Queensland New contracts won wo
Slide 5: Operating Profit
Operating Profit DRAFT ONLY 31-Dec-16 31-Dec-15 Change $'m $'m % Revenue from Services (1) 73.1 79.9 -9% 1. Revenue decrease a result of: less: Direct Expenses (2) (53.3) (56.5) -6% - Impact of closed depots – ($2.1m) Gross Profit 19.8 23.4 -15% - Wind down of major LNG project – ($3.3m); and - Reve
Slide 6: Trading Performance
Trading Performance DRAFT ONLY East Coast Business East Coast business has delivered solid growth with momentum building Revenue up 8% on pcp Gross Margin up to 27.9% (FY16 H1: 27.4%) Tender successes with existing and new clients show support for our flexible and competitive operating model
Slide 7: Cash Flow Summary
Cash Flow Summary DRAFT ONLY 31-Dec-16 31-Dec-15 mvmt $m $m $m Trading EBITDA 4.5 6.7 (2.2) 1. Cash costs associated with non- less: cash component of non-trading - expense in period (1) (0.4) (0.9) 0.5 trading activity were $1.4m in less: non-trading - cash outflow for restructuring costs period co
Slide 8: Balance Sheet Analysis
Balance Sheet Analysis DRAFT ONLY 31-Dec-16 30-Jun-16 mvmt $m $m $m Cash 1.2 1.8 (0.6) 1. Debtor day KPI was 6 days worse than position at 30 June 2016. Reflects Trade Debtors (1) 30.3 29.1 1.2 - debtors generally seeking to extend Assets Held for Sale (2) 5.7 3.9 1.8 credit terms; Property Plant an
Slide 9: Priorities for FY17 H2
Priorities for FY17 H2 DRAFT ONLY Priorities for FY17 H2 Continue to review unprofitable depots and poor performing regions to release assets for growth initiatives or for sale: Minor Townsville travel tower depot closed in FY17 H2; Further regions actively under review Continue to target id
Slide 10: Outlook
Outlook DRAFT ONLY Outlook for FY17: Market remains challenging especially on the West Coast Assets released from unprofitable depots and regions to be made available to capitalise on profit generating opportunities Opportunities for further improvement in East Coast business: New contracts
Slide 11: Revenue Mix
Revenue Mix BOOM Revenue by Market Segment YTD Dec 31 1% @ Resources - Coal, Copper, Alumina, Iron Ore, Gold, Other ™ Construction and Engineering - Commercial and Infrastructure m Energy & Utilities - LNG, Wind, Power & Water @ Industrial Maintenance @ Telecommunications Other 10
Slide 12: Fleet Statistics
Fleet Statistics DRAFT ONLY Cranes Travel Towers Other Assets* Total^ WA East Coast WA East Coast WA East Coast At 30 June 2016 Number of Assets 90 223 33 178 N/A N/A Value of Assets ($'m) 63.1 82.4 7.0 42.9 5.6 9.8 210.8 Year Ended 30 June 2016 Number of Assets Disposed 14 19 2 24 N/A N/A Cash Proc
Slide 13: Investor enquiries
DRAFT ONLY Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Tim Rogers Chief Financial Officer 03 9207 2500 12
Slide 14: Disclaimer
DRAFT 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 use of wor
Slide 15: 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