Slide 1: FY22 Results
FY22 RESULTS 26 August 2022 Boom Logistics FY22 Results 0
Slide 2: About Us
ABOUT US At Boom, we deliver safe lifting solutions, Our People are our strength. We strive to retain with scale and precision, every time. Managing risk and recruit the best talent to ensure safety, performance and complexity with confidence – that’s the promise we and growth including our commitme
Slide 3: FY22 Results
FY22 RESULTS* Revenue EBITDA EBIT NPAT $215.8m $41.6m $7.1m $3.8m up from $173.3m up from $36.3m up from $4.5m up from $1.2m Operating Cashflow ROCE Net CAPEX Gearing $37.6m 4.1% $16.8m 29.4% (net debt/equity) up from $25.9m up from 2.5% up from $14.7m (before tax) * FY22 compared to FY21 (pcp) Boom
Slide 4: Safety & ESG
SAFETY & ESG Positive safety TRIFR SAOFR culture across • Boom’s safety performance is a key operational metric, the business with ongoing focus on Safe Act Observations (SAO’s) and on-site interactions with the workforce with SAOFR • Three year HSEQ strategic plan in place with a transition to over
Slide 5: Diversified Revenue Streams
DIVERSIFIED REVENUE STREAMS Boom Logistics FY22 Results 4
Slide 6: Operating Results
OPERATING RESULTS FY22 FY21 Change FY22 revenue up 25% $’m $’m % Revenue from Services 215.8 173.3 25% • SCM21 Olympic Dam shutdown • Coopers Gap and Bango wind farms Less: Direct Expenses (147.1) (113.1) 30% • Snowy 2.0 infrastructure project Gross Profit 68.7 60.2 14% • Increased maintenance activ
Slide 7: Balance Sheet
BALANCE SHEET 30 Jun 22 $’m 30 Jun 21 $’m Change $m Cash 2.4 2.3 0.1 • Gearing at 29% within Board approved range of Trade and Other Receivables 41.5 42.9 (1.4) 20%-35% Other Assets 3.0 2.7 0.3 • Net Debt of $32.7m at 30th June 2022, compared to $29.4m at 30th June 2021 Property Plant and Equipment
Slide 8: Cash Flow
CASH FLOW FY22 $’m FY21 $’m Change $m EBITDA 41.6 36.3 5.3 • Working capital optimised to manage timing of Movement in working capital (1.0) (7.5) 6.5 projects and shutdowns Interest paid (cash net of interest (3.0) (2.9) (0.1) received) • Net capex of $16.8m with assets committed to: Cash flow from
Slide 9: Crane & Shutdown Services
CRANE & SHUTDOWN SERVICES Strong demand in mining sector FY22 overview with crane • Significant revenue growth across all regions with 37% services revenue up 37% increase in Crane & Shutdown Services • Major BHP Olympic Dam SCM21 completed, delivering $17.9m in shutdown revenue on last year • Contr
Slide 10: Travel Towers
TRAVEL TOWERS Focus on renewables, FY22 overview interconnector • FY22 revenue lower, as telecommunications network upgrades and energy in Melbourne and Sydney deferred due to COVID restrictions sectors for large • High-voltage transmission line project in the Pilbara (WA) Travel Towers scope extend
Slide 11: Projects
PROJECTS Infrastructure and wind farm FY22 overview project revenue • Wind farm installation works completed at Coopers Gap and commenced new project at Bango wind farm (NSW) up 33% • Snowy 2.0 project continued, installing new tunnel boring on last year machines (TBMs) and tunnel refurbishment work
Slide 12: Asset Management
ASSET MANAGEMENT Crane and Travel Tower utilisation FY22 overview • Total asset utilisation at 81%, up from 77% last year • $16.8m net capex facilitating delivery of major contracts and securing new growth opportunities • Ongoing use of flexible asset rental model continues to enable efficient asset
Slide 13: Our Industries & Market Opportunities
OUR INDUSTRIES & MARKET OPPORTUNITIES Mining support services is Wind farm construction Mining circa $37B* over next 3 years, Renewables projects planned is circa driven by strong demand for $5B* over next 3 years commodities Renewables Mining Boom provides a total Boom provides total lifting constr
Slide 14: FY23 Outlook
FY23 OUTLOOK 1H revenue versus pcp Strategy to achieve long Building recurring Strong tender pipeline to be lower without term profit growth in revenues on Mining in Renewables as SCM21 project. Strong growth markets and maintenance and major wind farm projects 2H revenue expected as return on capit
Slide 15: Appendix
APPENDIX Boom Logistics FY22 Results
Slide 16: 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 17: 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 18: Infrastructure sector
Infrastructure sector Growth in construction work • Ongoing major tunnel boring machine (TBM) and infrastructure work for Snowy 2.0 project • Completed Armadale Road Bridge, Parramatta Light Rail, Martinus Rail, and Melbourne level crossing projects • Strong tender pipeline on infrastructure, civil
Slide 19: Energy sector
Energy sector Power Transmission Lines • Continuing high voltage project work in the Pilbara WA • Contracted to provide travel towers and specialised labour for the completion of a 220kv transmission line running between mines in the Pilbara region • The current stage includes the installation of 28
Slide 20: 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