Slide 1: FY2010 Full Year Results Presentation
For personal use only Mastermyne Group Limited FY2010 Full Year Results Presentation August 2010 Tony Caruso – CEO & Managing Director Chris Kneipp - Financial Controller
Slide 2: Disclaimer
Disclaimer For personal use only 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 presentatio
Slide 3: Contents
Contents For personal use only Business Overview FY2010 Highlights Financial Results Company Outlook Summary 3
Slide 4: Mastermyne Scope of Services
Mastermyne Scope of Services For personal use only 4 2 5 1 3 1 Underground 2 Conveyors 3 Longwall 4 Ventilation 5 Secondary roadway support drivage Typical underground mine plan Mastermyne’s operations are focused on existing coal production rather than new mine development 4
Slide 5: Business Overview
Business Overview For personal use only Mastermyne Underground Mastermyne Engineering Mastermyne Services • Underground roadway • Design and engineering of • Open cut electrical services production specialised equipment and • Open cut mechanical consumables services • Installation of conveyors • Dis
Slide 6: Experienced Board
Experienced Board For personal use only Peter Slaughter Chairman Significant Australian and international experience spanning 40 years initially with M.I.M. Holdings Limited and more recently as a director and consultant. Has served on various public boards in Australia, Europe and Canada. Tony Caru
Slide 7: Senior Management
Senior Management For personal use only Mastermyne Group Board of Directors CEO & Managing Director Tony Caruso General Manager, General Manager, Acting General Business Manager, Corporate HR & Safety Company Mastermyne Mastermyne Finance Manager Development Mastermyne Services Manager Manager Secre
Slide 8: Contents
Contents For personal use only Business Overview FY2010 Highlights Financial Results Company Outlook Summary 8
Slide 9: FY2010 Highlights
FY2010 Highlights For personal use only Safety Performance 40% reduction in injuries compared to the previous financial year. Combined Group Revenue was up 4.5% compared to IPO prospectus forecast. Gross Profits Margins delivered in line with forecast. Financial Performance Adjusted FY2010 Net Profi
Slide 10: Contents
Contents For personal use only Business Overview FY2010 Highlights Financial Results Company Outlook Summary 10
Slide 11: Highlight Pro Forma Results
Highlight Pro Forma Results For personal use only FY2010 Actual vs. FY2009 FY2010 FY2010 FY2009 FY2010 Year ending 30 June Pro forma Pro forma Pro forma Pro forma Pro forma A$’000 unless otherwise stated Actual Forecast Actual Actual Forecast Revenue 89,656 93,946 98,163 9.5% 4.5% EBITDA1 15,134 16,
Slide 12: Revenue and EBITA
Revenue and EBITA For personal use only Revenue EBITA $140.0 $14.0 CAGR 18% 12.6 $120.0 [Insert column graph of revenue growth over $12.0 10.9 financial CAGR 18% years) 10.5 98 $100.0 90 $10.0 80 7.8 A$ millions A$ millions $80.0 $8.0 59 $60.0 $6.0 $40.0 $4.0 $20.0 $2.0 $0.0 $0.0 FY2007a FY2008a FY2
Slide 13: Business Unit Performance
Business Unit Performance For personal use only FY2010 Actual vs. FY2009 FY2010 FY2010 FY2009 FY2010 Year ending 30 June Pro forma Pro forma Pro forma Pro forma Pro forma A$’000 unless otherwise stated Actual Forecast Actual Actual Forecast Revenue Mastermyne Underground 70,258 82,377 87,612 24.7% 6
Slide 14: Summary Income Statement
Summary Income Statement For personal use only FY2009 FY2010 FY2010 FY2010 Year ending 30 June Pro forma Statutory Pro forma Pro forma A$’000 unless otherwise stated Actual Forecast Forecast Actual Revenue 89,657 93,946 93,946 98,163 EBITDA 15,134 12,602 16,551 16,703 Depreciation (4,216) (4,355) (4
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet For personal use only 30 Jun 2009 30 Jun 2010 Net Assets up on 2009 by $8.6 million to $33 million, as a result of A$000 Statutory Statutory Actual Actual reducing net debt. Cash and cash equivalents 5,600 8,718 Net debt at 30 June 2010 was $5.3 million down from $13.8 mil
Slide 16: Cash Flow Summary
Cash Flow Summary For personal use only FY2009 FY2010 FY2010 ($’000) Statutory Statutory Statutory Net cash flow is $2.4 million above prospectus Year to 30 June Actual Forecast Actual forecast, largely attributable to the increased EBITDA 14,801 12,602 12,809 operating cash flows driven by changes
Slide 17: Contents
Contents For personal use only Business Overview FY2010 Highlights Financial Results Company Outlook Summary 17
Slide 18: Order Book (Major Contracts)
Order Book (Major Contracts) For personal use only Mastermyne Mastermyne Projected Contract start Client Underground Scope of Work Contract term length of time at remaining mine date Contract mine life (years)1 2 1. Anglo Coal Moranbah North Coal Umbrella contract November 2008 November 2011 8 8 Dri
Slide 19: Revenue from Pipeline
Revenue from Pipeline For personal use only FY2011 Sales Pipeline By Region FY2012 Sales Pipeline By Region Qld Qld Hunter 41% 40% 49% Hunter 56% Illawarra Illawarra 10% 4% Sales pipeline identified for delivery in FY11 - $152 million Significant increase in Hunter Valley opportunities in 2011 Sales
Slide 20: On-going Focus
On-going Focus For personal use only Directional Drilling rig arrives in September. Several projects currently at tender stage Expand services Ventilation services expanded to Moranbah North and Kestrel Mine Extension by year end Services workshop functioning in Mackay. 2 mech / elec projects underw
Slide 21: Contents
Contents For personal use only Business Overview FY2010 Highlights Financial Results Company Outlook Summary 21
Slide 22: Summary
Summary For personal use only Strong Safety Performance for FY2010 FY2010 financial results slightly up from IPO forecast with pro forma EPS of 10.7cps Cash flow and balance sheet remain very strong EPS for FY2011 of 12.1 cps unchanged from IPO prospectus forecast Order Book to meet FY2011 forecast