Boom Logistics Ltd · ASX:BOL
Boom Logistics — Investor Presentation (February 2025)
24 slides from Boom Logistics's investor presentation, Feb 21, 2025
Slide 1: 1H FY25 Results
RESOURCES INFRASTRUCTURE RENEWABLES RENEWABLES INFRASTRUCTURE RESOURCES INDUSTRIALS 1H FY25 Results Ben Pieyre (CEO) | Manny Bikakis (CFO) Investor Presentation February 2025 ASX: BOL
Slide 2: Presenters and agenda
Presenters and agenda 01 1H FY25 Highlights 02 1H FY25 Operational Update Ben Pieyre Chief Executive Officer & Manny Bikakis Chief Financial 03 1H FY25 Financial Performance Managing Director Officer 04 FY25 Strategic Outlook & Priorities 2
Slide 3: Who we are
Who we are Boom Logistics is one of Australia’s leading providers of complex lifting and project logistics solutions. We provide specialised equipment, engineering services, and workforce solutions to a diversified range of industry projects and we are playing a key role in supporting Australia’s cr
Slide 4: Key 1H FY25 highlights
Key 1H FY25 highlights Revenue EBITDA NPAT $131.7m $25.4m $5.0m (Operating) $19.0m (Statutory) +2% vs 1H FY24 +5% vs 1H FY24 vs $3.8m in 1H FY24 Contract Wins Net Cash Flow Op EPS* $29m $8.5m +$6.9m 12 c +31% Primarily Resources Capital Return NTA* & Renewables $1.4m +$1.2m $2.77 + 4% * Operating re
Slide 5: Growth story so far … full year forecast
Growth story so far … full year forecast Focused on delivering improved returns to shareholders Revenue ($m) EBITDA ($m) & (%) Compound Annual Growth Rate (CAGR) 20% 60 $259m $263m $51m $46m 50 $206m 19% $39m 19% 13% Revenue 40 18% 19% 18% 30 20 17% 10 14% EBIT 16% 0 FY23 FY24 FY25 (F) FY23 FY24 FY2
Slide 6: Strategy delivery – 1H FY25
Strategy delivery – 1H FY25 Boom continues to deliver on its four strategic pillars Strategy Strategic Focus Target / Actuals Executed in 1H FY25 Shareholder Value Strengthen the balance sheet and improve ✓ Delivered: Revenue $132m, EBITDA $25m & Op NPAT $5m shareholder returns through efficient use
Slide 7: 1H FY25 Operational Performance
1H FY25 Operational Performance 7
Slide 8: Diversified market exposure
Diversified market exposure Rise in overall revenue driven by diverse exposure in high-growth markets Resources (8%) vs pcp Revenue $m Revenue by Sector % Softer resources sector driven by lower mining activity and $130 $132 lower commodity prices 11% Renewables +48% vs pcp $100 15% Focus on sector
Slide 9: Key partners & projects
Key partners & projects Working with key customers on major projects across all key segments Resources Renewables Infrastructure Industrial Jimblebar Minesite Clarke Creek Wind Farm Energy Connect Transmission Alkimos Seawater Newman WA Northern QLD Project NSW Desalination Plant WA VS121D Mod Shutd
Slide 10: Environment, Safety & Governance (ESG)
Environment, Safety & Governance (ESG) ESG initiatives continue to progress across the business ▪ No Lost Time Injuries & Total Recordable Injury Frequency of 5.0 per million hours worked ▪ Boom Logistics’ commitment is centered on maintaining a safe and healthy workplace through communication and t
Slide 11: 1H FY25 Financial Performance
1H FY25 Financial Performance 11
Slide 12: FY25 continues P&L performance improvement
FY25 continues P&L performance improvement Boom is driving an improvement in the quality of our earnings 10.0 ▪ 1H FY25 Operational NPAT FY23 to FY25 NPAT Improvements 19.0 of $5.0m, up $1.2m or 32% ahead of FY24 8.0 14.0 ▪ 1H FY25 Statutory NPAT of $19.0m includes $14m of accounting for deferred ta
Slide 13: Building balance sheet strength
Building balance sheet strength Asset regeneration to meet customer demand for new technology with improved efficiency, safety & environment features Balance Sheet @ 31 Dec 2024 Asset Regeneration ▪ New debt financing facilities of $150m ▪ Net Capex $21.3m • Tier 1 Banks @ lower rates • Replacement:
Slide 14: Strong cash flow
Strong cash flow Improved Cashflow management delivers cash to bank ▪ Cash Generated $27.3m Cashflow - YTD through strong uplift in Cash from operations and Proceeds from disposal of old assets ▪ Cash utilised ($18.3) for Lease payments, Capex & Share buy- backs ▪ 1H FY25 Net Cashflow of $8.5m (Up +
Slide 15: FY25 Strategic Outlook & Priorities
FY25 Strategic Outlook & Priorities 15
Slide 16: Strategic execution – FY25 priorities
Strategic execution – FY25 priorities Boom continues to drive profitability and improve shareholder returns Strategy Strategic Focus To be executed in FY25 Shareholder Value ❑ Continue to improve RoNA. Deliver: $263m Revenue, $51m EBITDA & $9m Op NPAT (+32%) ❑ Execute new & renewed contract wins. Co
Slide 17: Targeting double digit Return on Net Assets (RoNA)
Targeting double digit Return on Net Assets (RoNA) Boom is focused on improving returns to shareholders 14.0 Target Return on Net Assets (double digit %) XX % 12.0 10.0 8.0 1.3% 6.0 0.7% 10% 4.0 3.5% 8% 8% 6% 6% 7% 2.0 1.8% 0.0 1% FY23 Op Strategic Pricing & FY24 Growth Pricing & FY25 (F) Growth Pri
Slide 18: Investment highlights
Investment highlights Revenue EBITDA NPAT ✓ Full Year Guidance upgraded $263m $51m $9.0m (Operating) ✓ Experienced board and management team with a track record $23.0m of (Statutory) record of delivering strong returns. +1% vs FY24 +11% vs FY24 vs $6.6m in FY24 ✓ Strong balance sheet via asset regen
Slide 19: Appendices – Financials
Appendices – Financials 19
Slide 20: Profit & Loss
Profit & Loss 31-Dec-24 31-Dec-23 Change Change $'m $'m $'m % Revenue 131.7 129.7 2.0 2% Operating Costs (106.2) (105.4) (0.8) (1%) EBITDA 25.5 24.3 1.2 5% Depreciation and Amortisation (17.0) (17.3) 0.3 2% EBIT 8.5 7.0 1.5 21% Profit / (loss) on Sale of Assets 0.3 0.5 (0.2) Net Borrowing Costs (3.8
Slide 21: Balance Sheet
Balance Sheet 31-Dec-24 30-Jun-24 Change Balance Sheet $'m $'m $m Cash 14.7 6.3 8.4 Trade and Other Receivables 43.9 52.3 (8.4) Assets Held for Sale 3.4 4.0 (0.6) Other Assets 5.4 3.2 2.2 Property Plant and Equipment 82.1 93.9 (11.8) Right of Use Asset 111.4 82.9 28.5 Deferred Tax Asset 14.0 0.0 14.
Slide 22: Cash Flow
Cash Flow 31-Dec-24 31-Dec-23 Change Cash Flow $m $'m $'m Net cash flows from operating activities 23.3 18.7 4.6 Proceeds from the sale of plant and equipment 4.0 6.4 (2.4) Total cash generated 27.3 25.1 2.2 Purchase of plant and equipment (2.7) (8.2) 5.5 Payment for finance & operating leases (14.7
Slide 23: Disclaimer
Disclaimer This presentation may contain 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
Slide 24: For further information
For further information Corporate Investors Manny Bikakis Gabriella Hold Boom Logistics Limited (ASX: BOL) Chief Financial Officer Automic Group Suite B Level 1 +61 3 9207 2500 +61 411 364 382 55 Southbank Boulevard mbikakis@boomlogistics.com.au gabriella.hold@automicgroup.com.au SOUTHBANK VIC 3006
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