Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2022 Earnings Presentation
21 slides from Boom Logistics's earnings presentation, Feb 24, 2022
Slide 1: First Half FY22 Results
FIRST HALF FY22 RESULTS 24 February 2022 Boom Logistics 1H FY22 Results 0
Slide 2: First Half FY22 Results
FIRST HALF FY22 RESULTS* Revenue EBITDA EBIT NPAT $123.5m $22.5m $4.6m $2.9m up from $84.2m up from $17.9m up from $2.3m up from $0.4m Operating Cashflow ROCE Gearing Interim Dividend $23.4m 5.1% 25% 0.5¢ (net debt/equity) up from $14.4m up from 2.8% (before tax) * First Half FY22 compared to First
Slide 3: Safety & Environment
SAFETY & ENVIRONMENT COVIDSafe practices in • Boom’s safety performance is a key operational place, as we metric, with emphasis on planning and risk continue our management, leadership and assurance focus on • Continued focus on Safe Act Observations (SAO’s) and interactions with the workforce zero
Slide 4: Operating Results
OPERATING RESULTS • 1H FY22 revenue increase of $39.3m from: • SCM21 Olympic Dam shutdown project • Bango wind farm construction work • Snowy 2.0 infrastructure project • Increased maintenance across mining sector • Crane asset utilisation improvement • Direct costs impacted by: • COVID related stat
Slide 5: Balance Sheet
BALANCE SHEET • Gearing at 25% in line with guidance between 20%-35%, which allows capacity for growth • Net Debt of $27.9m at 31st December 2021, compared to $29.4m at 30th June 2021 • Investment in new fleet for growth: • Delivered BHP Olympic Dam shutdown 1H FY22 • Targeting new mining maintenanc
Slide 6: Cash Flow
CASH FLOW • Working capital managed through the period, impacted by timing of major projects / shutdowns • New assets committed to: • increase capacity for further growth • enhanced technology and safety systems • reduce maintenance costs • Increase usage of rental assets for projects • Dividend pai
Slide 7: Diversified Revenue Streams
DIVERSIFIED REVENUE STREAMS First half revenue growth by sector • Mining maintenance work was strong during first half FY22 • Skilled labour shortages – impacting some maintenance programs • Major SCM21 BHP shutdown – circa $19m revenue Mining & Resources • Snowy 2.0 project continued to be strong •
Slide 8: Crane & Shutdown Services
CRANE & SHUTDOWN SERVICES Strong demand in mining for 1H FY22 overview lifting solutions, skilled labour • Strong mining maintenance activity across all regions, while COVID border restrictions in place and specialised shutdown • Major works at BHP Olympic Dam SCM21, delivered circa $19m in shutdown
Slide 9: Projects
PROJECTS Infrastructure and windfarm 1H FY22 overview tender pipeline • Wind farm construction works commenced at Bango (NSW), is strong over on equipment hire and labour rate model for project next three • Completed significant maintenance services on wind farms, years replacing blades, gearboxes a
Slide 10: Travel Towers
TRAVEL TOWERS Increasing demand for 1H FY22 overview large travel towers in the • Telecommunications 5G and data network upgrades in Melbourne and Sydney were impacted by COVID lockdowns renewables and energy • Powerlines Plus high-voltage transmission line project in the sectors Pilbara (WA), utili
Slide 11: Asset Management
ASSET MANAGEMENT Crane and travel tower utilisation 1H FY22 overview • Adopted capital recycling strategy to refresh assets • $9.4m capex to service major contracts and support future growth • Total asset utilisation at 82%, up from 73% last year • Ongoing use of flexible asset rental model to maxim
Slide 12: Market Opportunities for Growth
MARKET OPPORTUNITIES FOR GROWTH Wind farm construction Mining support services is Renewables projects planned is circa Mining circa $30B* over next 3 years, $4B* over next 3 years driven by strong demand for commodities Renewables Mining Boom provides a total construction & installation Boom provide
Slide 13: Outlook
OUTLOOK Focus on mining Growth from major Strong tender pipeline FY22 EBITDA maintenance shutdowns infrastructure and in renewables sector forecast* circa $41m and contracts with energy construction for construction and (FY21: $36.3m) recurring earnings projects maintenance services Accelerating cap
Slide 14: Appendix
APPENDIX Boom Logistics 1H FY22 Results
Slide 15: Our Business / Our Values
OUR BUSINESS / OUR VALUES Our Values 275+ cranes in all sizes Boom’s values differentiate our business. They guide decisions, our behaviours and the way we do business up to 750 tonnes capacity to maximise returns for our shareholders. 14 depots across Australia 80+ travel towers in all sizes up to
Slide 16: Mining & Resources sector
Mining & Resources sector Maintenance and Shutdowns • Providing 24/7 lifting solutions, using cranes and crews, travel towers, engineering services, supervision and project management on mine sites • Work includes shutdowns, major lifts to support bucket rebuilds, shovel replacements, conveyor belt
Slide 17: Infrastructure sector
Infrastructure sector Growth in construction work • Major tunnel boring machine (TBM) and infrastructure work continues on Snowy 2.0 project • Completed Albion Park Rail Bypass, Parramatta Light Rail, Martinus Rail, and Melbourne level crossing projects • Strong tender pipeline on infrastructure, ci
Slide 18: Energy sector
Energy sector Power Transmission Lines • Major new high voltage project work continues in the Pilbara WA • Contracted to provide six travel towers and specialised labour for the completion of a 220kv transmission line running between mines in the Pilbara region • The project is anticipated to contin
Slide 19: Wind Farm sector
Wind Farm sector Powering in Renewables • Boom provides installation, engineering and maintenance services on wind farms across Australia • Our maintenance activities include removal and replacement of gear boxes, generators and blades • Our construction package includes installation of towers, mech
Slide 20: Telecommunications sector
Telecommunications sector 5G & NBN Network Program • 5G network deployment is accelerating with Telstra, Optus and Vodafone • 5G currently being installed in major metropolitan areas and expanding into regional areas in 2022 • Major data network and NBN upgrades continue in the telecommunications se
Slide 21: 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