Slide 1: Mastermyne Half Year Results Presentation - correction
For personal use only 29 February 2012 Mastermyne Half Year Results Presentation - correction We advise that the presentation lodged with the ASX yesterday had an error on page 17 in that some colour bars on the chart were misplaced. A corrected version of the presentation is now lodged. Further inf
Slide 2: FY2012 Half Year Results Presentation
For personal use only Mastermyne Group Limited FY2012 Half Year Results Presentation February / March 2012 Tony Caruso – CEO & Managing Director Chris Kneipp – Financial Controller
Slide 3: Contents
CONTENTS For personal use only Results Summary FY2012 Half Year Financial Results Operational Review Strategy & Outlook Summary & Corporate Overview 2
Slide 4: Results Summary: Financial Highlights
Results Summary Financial Highlights For personal use only Group Revenue to the end of December was $124.299 million up 69% from the previous corresponding period (versus guidance of $115 to $120 million). Statutory Net Profit After Tax (NPAT) was $7.840 million (versus guidance of $7 to $7.5 mi
Slide 5: Results Summary: Operational Highlights
Results Summary Operational Highlights For personal use only Our safety transformation is gaining momentum and we are seeing ingrained change. Recruitment and retention strategies are working well with Full Time Employee (FTE) numbers at 1012 to December and increasing. (up 23% from June). Joh
Slide 6: Contents
CONTENTS For personal use only Results Summary FY2012 Half Year Financial Results Operational Review Strategy & Outlook Summary & Corporate Overview 5
Slide 7: HY2012 Financial Overview
FY12 Half Year Financial Review HY2012 Financial Overview For personal use only Summary Income Statement Revenue is up 69% resulting from increased scope of ($’000) HY 2012 HY2011 Change(%) works on existing projects. Total Revenue 124,299 73,626 68.8% EBITDA 15,472 5,963 159.5% Adjusted Profit
Slide 8: FY2012 Divisional Performance
FY12 Half Year Financial Review FY2012 Divisional Performance For personal use only Business Unit Performance ($’000) Underground Engineering Services Dec 2011 Dec 2010 Dec 2011 Dec 2010 Dec 2011 Dec 2010 External Revenue 112,821 66,452 9,628 6,243 1,850 3,021 Inter Segment Revenue* 1,858 49 1,038 1
Slide 9: FY2012 Working Capital & Cash Flow
FY12 Half Year Financial Review FY2012 Working Capital & Cash Flow For personal use only $AUD (000's) Dec 2011 Dec 2010 Positive Operating Cash Flows of EBITDA (Statutory) 15,472 5,963 $9.4 million. Working Capital Movements in Working Capital (4,020) (7,596) requirements increased during the Non
Slide 10: FY12 Balance Sheet
FY12 Half Year Financial Review FY12 $AUD Balance (000's) Sheet For personal use only Dec 2011 Dec 2010 Net Assets up to $49.9 million. Assets Cash and cash equivalents 7,403 6,020 Net Debt down to $15.2 million from $17 Trade and other receivables 40,851 31,929 million from the 30 Jun 2011. Inv
Slide 11: Contents
CONTENTS For personal use only Results Summary FY2012 Half Year Financial Results Operational Review Strategy & Outlook Summary & Corporate Overview 10
Slide 12: Operational Review: Safety
Operational Review Safety For personal use only Improvement in safety performance is a result of a transformation in safety management across all divisions and sites. Lagging statistics are not yet reflecting the full effect of this transformation but based on current performance this will chang
Slide 13: Operational Review: People
Operational Review People For personal use only Workforce has increased since June from 823 to 1012 – 23% net growth. Retention rates are stable but recruitment of experienced labour has become more difficult. Labour rates have escalated in the first half of the year. We expect this trend to c
Slide 14: Operational Units - Underground
Operational Review Operational Units - Underground For personal use only Organic growth on the existing projects has underpinned significant increase in revenue in the first half of FY2012. Margins are in line with budget forecast. Top line growth has been a result of expanded scopes requiring
Slide 15: Operational Units - Engineering and Services
Operational Review Operational Units - Engineering For personal use only Revenue tracking ahead of budget for FY2012. Margins are in line with budget. Relocation into new workshops has provided extra capacity which is now being utilised in both Qld and NSW. Additional resources added to NSW
Slide 16: Contents
CONTENTS For personal use only Results Summary FY2012 Half Year Financial Results Operational Review Strategy & Outlook Summary & Corporate Overview 15
Slide 17: Strategy & Outlook
Strategy & Outlook Strategy 2nd Half FY2012 For personal use only Continue our safety transformation to achieve targeted reduction in lagging safety statistics. Look for new initiatives to recruit and retain our workforce. Focus on managing further growth from existing projects in the 2nd half
Slide 18: Strategy & Outlook - Contracted Order Book
Strategy & Outlook – Contracted Order Book For personal use only Duration $250 Option duration KME Infrastructure Contract Re-forecasted order book $210.20 Previously Reported Order book Newstan Mine $211.91 $200 Westcliff Colliery $178.62 Millions Dendrobium Mine $150 $141.70 Kestrel Mine $112.24 K
Slide 19: Contents
CONTENTS For personal use only Results Summary FY2012 Half Year Financial Results Operational Review Strategy & Outlook Summary & Corporate Overview 18
Slide 20: Summary
Summary Summary For personal use only 1st half of FY2012 has delivered a stronger than expected performance in all areas. We are seeing a transformation in our safety performance and we expect lagging statistics will reflect this over the remainder of the year. We have proven again that our re
Slide 21: Corporate Overview: Capital Structure
Corporate Overview Capital Structure For personal use only Shares on issue 75,367,514 Market Capitalisation $143 million (based on $1.90 share price) Substantial Shareholders Andrew Watts 20.04% Cogent Nominees 13.68% Darren Hamblin 13.47% National Nominees 12.96% HSBC Custody Nominees (
Slide 22: Disclaimer and Important Notice
Disclaimer and Important Notice The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other use of this presentation
Slide 23: Contact
Contact For personal use only www.mastermyne.com.au Information for Investors / Analysts: Tony Caruso – Chief Executive and Managing Director: (07) 4963 0400 Bill Lyne – Company Secretary: (07) 3378 7673 22