Boom Logistics Ltd · ASX:BOL

Boom Logistics — Investor Presentation (February 2020)

15 slides from Boom Logistics's investor presentation, Feb 27, 2020

  1. Slide 1: FY20 Half Year Results Presentation

    FY20 Half Year Results Presentation 26 February 2020

  2. Slide 2: Financial Performance

    FINANCIAL PERFORMANCE $’m H1 FY17 H1 FY18 H1 FY19 H1 FY20*  Trading revenue up 3%  Free cash flow* at $11.0m Trading Revenue 73.1 92.4 92.5 95.2 up from $4.7m  Gearing* at 22% (net debt/equity) Trading EBITDA 4.5 11.3 12.0 7.2  Net debt* down to $27.3m  46m share buy-back Free Cash Flow 3.0 1.0

  3. Slide 3: Operating Profit

    OPERATING PROFIT • Trading revenue up 3% 31-Dec-19 31-Dec-19 31-Dec-18 $'m $'m $'m • Trading EBITDA AASB16 Pre AASB16 STATUTORY ADJ Like-for-Like • $7.2m on a comparable basis to prior period results Revenue 94.9 0.3 95.2 92.5 Other Income 0.0 0.0 2.6 • Direct expenses less: Direct Expenses (67.2) (

  4. Slide 4: Revenue Streams by Sector

    REVENUE STREAMS BY SECTOR $100m $90m $7m $5m $6m $12m $10m Telecommunications We are $80m $12m diversifying and $70m $10m entering new $17m $24m Industrial Maintenance ‘value added’ $60m $11m revenue streams $50m $13m $10m $40m Wind, Energy, Utilities $30m Cross–selling $55m Boom and readi $20m $44m

  5. Slide 5: Revenue – Projects

    REVENUE – PROJECTS  Extra works at Coopers Gap QLD wind farm continues to April 2020  Cattle Hill TAS wind farm expected to be completed in March 2020  Major new wind farm project, planned to commence H2 FY20  Increasing revenues and services on wind farm maintenance programs  Wind farm constru

  6. Slide 6: Revenue – Crane Services

    REVENUE – CRANE SERVICES  Mining maintenance continued to be strong in Queensland in H1  Renewed 3 year mining maintenance contract in QLD/NSW valued at circa $40 million  NSW revenue was lower in H1 as customers reduced maintenance in the thermal coal sector *  New mining customer to commence i

  7. Slide 7: Revenue – Travel Towers

    REVENUE – TRAVEL TOWERS  Roll-out of telecommunications 5G and data network upgrade continues in the metro areas  Solid revenue growth on electrical transmission string-line to power pole project works in FY20  New opportunities on high-voltage transmission line works in WA in H2  Small travel t

  8. Slide 8: Revenue – Labour Hire

    REVENUE – LABOUR HIRE  Labour hire revenue is steady on mining shutdowns and maintenance contracts  Strengthened sales team to focus on external revenues in oil & gas, mining and infrastructure sectors  Increased specialised skills required in growing wind farm sector *  Building relationships a

  9. Slide 9: Revenue by Region

    REVENUE BY REGION $25m $24m $24m $21m $20m $15m $13m $13m H1 FY18 H1 FY19 $10m H1 FY20 $5m $0m Projects QLD NSW VIC/SA WA H1 FY20: Growth in wind Mining customer Mining revenue Telco & Energy Cost reduction programs farm construction demand remains lost from NSW sector growth in implemented & reduce

  10. Slide 10: Balance Sheet

    BALANCE SHEET 31-Dec-19 31-Dec-19 30-Jun-19 • Net debt down* • Net debt reduced by $9.3m in period to $27.3m $'m $m $m • Gearing (net debt/equity) at 22% AASB16 Pre AASB16 STATUTORY ADJ Like-for-Like • Trade working capital managed to deliver effective Cash 2.0 2.0 1.5 operating cash conversion Trad

  11. Slide 11: Cash Flow

    CASH FLOW 31-Dec-19 31-Dec-19 31-Dec-18 • Cash from operations strengthened $m $m $'m • Debtor days reduced by 2 days AASB16 Pre AASB16 STATUTORY ADJ Like-for-Like • $4.5m income tax received is a timing benefit only and is repaid in H2 FY20 Trading EBITDA 14.9 (7.7) 7.2 12.0 Cash component of non-t

  12. Slide 12: Capital Management

    CAPITAL MANAGEMENT Asset Utilisation  Interim dividend 0.5 cents per share  Continue to be diligent on equipment capital expenditure  Olympic Dam fleet upgraded with new rental assets  Assets relocated to Queensland and north-west WA for growth Asset Utilisation  Flexible asset rental model use

  13. Slide 13: FY20 Outlook

    FY20 OUTLOOK  Revenue and earnings expected to be stronger in the second half FY20  Forecast assumes no supply chain disruption or project delays in relation to the coronavirus  FY20 trading revenue circa $200m  FY20 trading EBITDA¹ circa $20m  Market sector outlook in H2  New wind farm projec

  14. Slide 14: Investor Enquiries

    Investor Enquiries +61 3 9207 2500 info@boomlogistics.com.au www.boomlogistics.com.au

  15. Slide 15: 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

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