Mastermyne Group Limited · ASX:MYE
Mastermyne — H1 FY2019 Earnings Presentation
21 slides from Mastermyne's earnings presentation, Feb 19, 2019
Slide 1: FY19 Half Year Results Presentation
For personal use only FY19 HALF YEAR RESULTS PRESENTATION FEBRUARY 2019 Tony Caruso – CEO & Managing Director Brett Maff – Chief Financial Officer Half Year 2019 Results www.mastermyne.com.au
Slide 2: Strong Performance with Positive Outlook
Strong Performance with Positive Outlook For personal use only §§ Strong first half performance with stronger H2 based on current run rate and new projects §§ Significantly improved Order Book at $489 million with $324 million contracted beyond FY2019 §§ Relentless cost focus is delivering stronger
Slide 3: 3rd Consecutive Half Year Period of Strong Growth
3rd Consecutive Half Year Period of Strong Growth For personal use only $AUD (000’s) HY19 HY18 Change(%) §§ Revenue up 28% on pcp ($116.8 million vs $91 million) Total Revenue 116,773 91,043 28.3% §§ EBITDA $9.3 million (8.0% margin), up from $6.7 million (7.3% Statutory EBITDA 9,306 6,682 39.3% EBI
Slide 4: Continued Strong Cash Generation Has Resulted in a Net Cash Position
Continued Strong Cash Generation Has Resulted in a Net Cash Position For personal use only §§ Net cash position of $2.5 million from $3.5 million Debt Profile net debt position at FY18 $20 $15 §§ Cash Advance facility fully repaid by June 2019 ($1.5 MILLIONS (AUD) $10 million drawn at 31 December 20
Slide 5: Maintained Strong Safety Performance in a Period of Significant Workforce Growth
For personal use only MAINTAINED STRONG SAFETY PERFORMANCE IN A PERIOD OF SIGNIFICANT WORKFORCE GROWTH Half Year 2019 Results www.mastermyne.com.au
Slide 6: Excellence in Safety Underpins Everything We Do
Excellence in Safety Underpins Everything We Do For personal use only §§ Group Injury frequency rates continue a downward §§ Maintaining our focus in shifting the paradigm with trend and remain well below last recorded industry safety management averages §§ 6 Major Projects have achieved greater tha
Slide 7: Mastermyne Remains Favourably Positioned as the Leading Underground Coal Contractor
For personal use only MASTERMYNE REMAINS FAVOURABLY POSITIONED AS THE LEADING UNDERGROUND COAL CONTRACTOR Half Year 2019 Results www.mastermyne.com.au
Slide 8: Record Number of Development Units (7) Operating in a HY Period
Record Number of Development Units (7) Operating in a HY Period For personal use only §§ Significant increase in roadway meters developed over the half year to support and maintain record coal output §§ Scopes increased on 5 major projects requiring additional Group Headcount (FTE) personnel and equ
Slide 9: Order Book Has Strengthened with New Contracts and Roll Overs
For personal use only ORDER BOOK HAS STRENGTHENED WITH NEW CONTRACTS AND ROLL OVERS ORDER BOOK HAS STRENGTHENED WITH NEW CONTRACTS AND ROLL OVERS Half Year 2019 Results www.mastermyne.com.au
Slide 10: Order Book has Strengthened with New Contracts and Roll Overs
Order Book has Strengthened with New Contracts and Roll Overs For personal use only Previous Contracts Current Contracts 2014 2015 2016 2016 2017 2018 2019 2020 2021 2022 §§ Order Book increased to $489 million* Option BMA Broadmeadow Conveyors - $115 million order book to be delivered in H2 FY19 DB
Slide 11: Whole of Mine Opportunities are Progressing as Confidence Rises
Whole of Mine Opportunities are Progressing as Confidence Rises For personal use only §§ Most advanced Whole of Mine opportunity has not proceeded as expected due to external factors outside the control of the company §§ Completed BFS study with Stanmore for the Isaac Plains underground coal mine un
Slide 12: Robust Coal Market Outlook
Robust Coal Market Outlook For personal use only §§ Coal market continues to strengthen based on solid fundamentals §§ Stronger H2 based on H1 exit run rate and further supported by new contracts §§ Brownfield and Greenfield expansion along with on-going corporate activity is supporting a strong pip
Slide 13: Strong Performance with Positive Outlook
For personal use only STRONG PERFORMANCE WITH POSITIVE OUTLOOK Half Year 2019 Results www.mastermyne.com.au
Slide 14: Mastermyne is Favourably Positioned to Capitalise on Strong Coal Market
Mastermyne is Favourably Positioned to Capitalise on For personal use only Strong Coal Market §§ Strong first half performance with stronger H2 based on current run rate and new projects §§ Significantly improved Order Book at $489 million with $324 million contracted beyond FY2019 §§ Relentless cos
Slide 15: Appendices
For personal use only APPENDICES HALF YEAR 2019 RESULTS Half Year 2019 Results www.mastermyne.com.au www.mastermyne.com.au
Slide 16: Corporate Overview
Corporate Overview For personal use only Capital Structure Substantial Shareholders Andrew Watts 12.06% Share price as at 15 Feb 2019 ($) 0.84 Kenneth Kamon 10.70% Shares on issue (m) 101.7 Darren Hamblin 9.47% Market cap (m) 85.4 Paradice Investment Management 8.32% Net Cash/(Debt) as at 31 Decembe
Slide 17: Mastermyne HY19 Income Statement
Mastermyne HY19 Income Statement For personal use only $AUD (000’s) HY19 HY18 Change(%) Total Revenue 116,773 91,043 28.3% Statutory EBITDA 9,306 6,682 39.3% EBITDA % 8.0% 7.3% 0.6% Statutory Profit/(loss) before tax 4,618 2,802 64.8% Tax benefit/(expense) (1,457) (999) (45.8%) Statutory Profit/(los
Slide 18: Mastermyne HY19 Cash Flow
Mastermyne HY19 Cash Flow For personal use only $AUD (000’s) HY19 HY18 EBITDA (Statutory) 9,306 6,682 Movements in Working Capital 2,741 (5,820) Non cash items 74 -149 Interest costs (319) (330) Income tax receipts / (payments) (1,402) 12 Net Operating Cash Flow 10,400 395 Net Capex (including intan
Slide 19: Mastermyne HY19 Balance Sheet
Mastermyne HY19 Balance Sheet For personal use only $AUD (000’s) DEC - 18 JUN - 18 $AUD (000’s) DEC - 18 JUN - 18 Assets Liabilities Cash and cash equivalents 3,970 1 Bank Overdraft - 521 Trade and other receivables 39,281 43,427 Trade and other payables 16,791 19,024 Inventories 3,174 2,973 Current
Slide 20: Disclaimer and Important Notice
Disclaimer and Important Notice For personal use only The following disclaimer applies to this presentation and any information provided in the periods for which forecasts have been prepared or otherwise. Given these regarding the information contained in this presentation (the Information). You are
Slide 21: Contact
CONTACT For personal use only HALF YEAR 2019 RESULTS Information for Investors / Analysts: Tony Caruso – Managing Director (07) 4963 0400 Brett Maff– CFO / Company Secretary (07) 4963 0400 Half Year 2019 Results www.mastermyne.com.au | P. (07) 4963 0400 Delivering Customer Excellence | Innovation an