Slide 1: FY2020 Half Year Results Presentation
For personal use only FY2020 Half Year Results Presentation February 2020 Tony Caruso, CEO & Managing Director Brett Maff, Chief Financial Officer
Slide 2: Significant First Half growth and on track for Record Year
Significant First Half growth and on track for Record Year For personal use only • Significant increases in Revenue (17%), EBITDA (23%) and Profit • Net Cash position after dividends, acquisition and major project (37%) related capital investment • Resumption of half year dividend – 2.0 cents per sh
Slide 3: Revenue, EBITDA and NPAT well ahead of PCP
Revenue, EBITDA and NPAT well ahead of PCP • Revenue $136.4m vs $116.8m pcp up 17% For personal use only • NPAT $4.3m vs $3.2m pcp up 37% • EBITDA $11.4m vs $9.3 pcp up 23% • 8.4% EBITDA margin, up from 8.0% in pcp • Disciplined overhead cost management continues • HY2020 Mastermyne (excluding Wilso
Slide 4: Strong period of investment to support our growth
Strong period of investment to support our growth • Capital investment during period of $9.0m ($7.3m net of For personal use only funding) • Aquila Project Production Equipment - $4.6m • 2 X New Sandvik Loaders - $1.7m (Hire Purchase funded) • Mynesight Training Facility NSW - $0.3m • Recurring sust
Slide 5: Maintaining safety focus as we expand the business
Maintaining safety focus as we expand the business • Relentless focus on a safety culture that’s delivering good performance For personal use only • Integrating Chemical Consolidation activities into Mastermyne Group safety systems • Increasing number of sites completing significant periods of injur
Slide 6: Strong increase in Workforce numbers reflect the strength of the business
Strong increase in Workforce numbers reflect the strength of the business For personal use only • 20% increase in workforce numbers • Development Units at Aquila & Moranbah North Mine (MNM) fully mobilised and now contributing at full run rate • Key contracts extended on MNM Umbrella and Appin • Wil
Slide 7: Maintaining an Order Book and Pipeline at record levels
Maintaining an Order Book and Pipeline at record levels For personal use only 2H2020 order book • Record $700m Order Book $139 million* • Tendering pipeline over $1.9b, $1.2b in core business, $0.7b in Whole of Mine Projects FY2021 order book $175 million • Strong position to secure further work wit
Slide 8: World class assets and long term relationships supporting record order book
World class assets and long term relationships supporting record order book For personal use only 8
Slide 9: Mastermyne Portfolio is heavily weighted to Metallurgical Coal
Mastermyne Portfolio is heavily weighted to Metallurgical Coal For personal use only • Long term fundamentals remain very strong for Metallurgical Coal with no substitutes in primary steelmaking • Total seaborne market forecast to increase by 1.9% CAGR to 2025 (source: Wood Mackenzie) • China demand
Slide 10: Key focus areas to deliver further growth
Key focus areas to deliver further growth For personal use only 01 02 03 Maximise returns from Expand underground Build a whole of mine core coal business service offering business • Convert current tender pipeline • Leverage Wilson Mining • Assessing multiple WOM opportunities opportunities acquisi
Slide 11: Summary
Summary • For personal use only Significant increases in Revenue (17%), EBITDA (23%) and Profit (37%) • Resumption of half year dividend – 2.0 cents per share • Key contracts extended and scope increases with Tier 1 clients • New projects mobilised and Workforce numbers increased 20% • Wilson Mining
Slide 12: Appendices
+ THe eet eee HEFEEH HSE bee dee thner sr oeertree +4d thea ane TdF d etree uu #ISC only For person ka) mastermyne stronger values. greater results. Appendices Daa bbb DDDDDADADADADA, SEEFOF EFF F FF Ohhh hho ee FHHHHHHHH HHH HHH eeees SHEFF FEFEEOEEE E+E OS SHHHHHHHHHHHHHH HHH HHH F444 44 444444444
Slide 13: Corporate Overview
Corporate Overview Shareholder composition For personal use only Capital structure Retail Investors 50% Share price as at 15 February 2020 $1.00 Shares on issue* 106.3m Institutional Investors 34% Market capitalisation $106.3m Board & Management 16% Net Cash/(Debt) as at 31 December 2019 $4.9m Enter
Slide 14: Board
Board For personal use only Colin Bloomfield Anthony Caruso Andrew Watts Gabriel Meena Julie Whitcombe Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Colin’s former roles during his 27 Tony has held a number of senior Andrew co-founded M
Slide 15: HY20 Financial Performance
HY20 Financial Performance For personal use only Period ended 31 December HY20 HY19* Change 2019 Total Revenue $136.35m $116.77m +16.8% EBITDA $11.43m $9.31m +22.8% EBITDA % 8.4% 8.0% +0.4% Statutory profit/(loss) before tax $6.25m $4.62m +35.2% Tax benefit/(expense) ($1.91m) ($1.46m) (31.0%) Statut
Slide 16: HY20 Cash Flow
HY20 Cash Flow For personal use only Period ended 31 December 2019 HY20 HY19 $AUD millions EBITDA (Statutory) 11.43 9.30 Movements in working capital (4.93) 2.74 Non-cash items 0.10 0.07 Net interest costs (0.17) (0.34) Income tax receipts / (payments) (1.51) (1.40) Net Operating Cash Flow 4.92 10.3
Slide 17: HY20 Balance Sheet
HY20 Balance Sheet Assets Liabilities For personal use only Period ended 31 December 2019 Period ended 31 December 2019 HY20 FY19 HY20 FY19 $AUD millions $AUD millions Assets Liabilities Cash and cash equivalents 8.72 16.42 Trade and other payables 19.09 16.82 Trade and other receivables 47.95 39.17
Slide 18: Disclaimer
Disclaimer For personal use only The following disclaimer applies to this presentation and any information provided regarding the success of the strategies is subject to uncertainties and contingencies beyond Mastermyne’s information contained in this presentation (the Information). You are advised
Slide 19: Tony Caruso, Brett Maff contacts
For personal use only Tony Caruso Managing Director (07) 4963 0400 Brett Maff CFO/Company Secretary (07) 4963 0400