Slide 1: FY23 Results Presentation, August 2023
FY23 August 2023 Ben Pieyre (CEO) | Manny Bikakis (CFO) ASX: BOL
Slide 2: Today's Presenters & Agenda
Today's Presenters & Agenda 01 FY23 Key Highlights 02 Strategic Focus 03 FY23 Operations & Financials Ben Pieyre Chief Executive Officer Manny Bikakis Chief Financial Officer 04 FY24 Outlook ASX: BOL Boom Logistics | Investor Presentation 2
Slide 3: Safety
Safety Positive safety culture across the business. ZERO LTIs for over 2 years • Safety is our No. 1 priority SAOFR TRIFR • Zero LTIs for over 2 years • TRIFR of 3.8 per million hours worked in FY23, well below the 8.7 million hours worked in FY22 • Boom’s safety performance is a key operational met
Slide 4: FY23 Key Highlights
FY23 Key Highlights Financial Operational Performance • Revenue of $206m down 4.6% on FY22 due • Strong pipeline activity +$200m contracts signed to timing of major project commencements • Zero Lost Time Injuries and TRIFR of 3.8 per • EBITDA $39m, Margin of 19% m/hrs • Recent strategic pricing & co
Slide 5: Strategic Clarity
Strategic Clarity ASX: BOL Boom Logistics | Investor Presentation 5
Slide 6: Strategic Focus
Strategic Focus Right People with the Right Assets with the Right Customers 1. ESG & People Expertise • Focus on safety, talent, social & environmental impacts 2. Sector-Focused Profitable Growth • Enhanced Customer relationships and right capability to ensure sustainable financial returns 3. Asset
Slide 7: ESG & People Expertise
1. ESG & People Expertise Drive environmental protection, safety culture and people capability • Retain and recruit the best talent to ensure safety and the highest service standards are delivered to our customers and all stakeholders • Lead introduction of new hybrid technology into the Australian
Slide 8: Sector-Focused Profitable Growth
2. Sector-Focused Profitable Growth Strong relationships with key customers in core markets Strategic initiatives to drive growth in each sector include: • Resources - Expand our presence in WA on core commodities such as iron ore, gold and nickel • Renewables - Secure at least one key wind farm pro
Slide 9: Asset Regeneration & Labour Proficiency
3. Asset Regeneration & Labour Proficiency Customer demand requires strategic investment in key assets. Asset Regeneration Asset Utilisation > 80% • Customers demand new assets, with new technology, • Investment in right assets for key markets improved safety & environmental features • Investment in
Slide 10: Shareholder Value
4. Shareholder Value Robust balance sheet, strong growth and a clear pathway to increase performance KPI Outlook Revenue Over $220m in FY24, with increased focus on annuity revenue Operating NPAT FY24 circa $5m Strong Balance Sheet Gearing 35% – 50% Cash Generation Combination of top-line growth, ma
Slide 11: FY23 Operations & Financials
FY23 Operations & Financials ASX: BOL Boom Logistics | Investor Presentation 11
Slide 12: Key Market Performance in FY23
Key Market Performance in FY23 Resources Renewables • Revenue was down $6.8m vs. FY22, • Revenue was down $7.4m from FY22, due to primarily due to a large non- delays in commencement of Clarke Creek recuring shutdown (c. $19m revenue) • Clarke Creek is now commencing in 1Q FY24 • Underlying business
Slide 13: Operating Results
Operating Results Revenue & EBITDA NPAT • FY23 Revenue of $205.9m, down 4.6% due to the • Underlying / Operating NPAT of $0.7m, down $3.1m on completion of three major projects in FY22 (c.$37.5m) FY22 • FY23 EBITDA of $39.3m, down $2.3m due to timing of • Reported NPAT is loss of $5.2m. This include
Slide 14: Balance Sheet
Balance Sheet Strong Net Assets with Underlying upside available Net Assets ($M) • Net Assets lower due to impairment, asset sales & restructuring 112.7 • 29 new cranes were added to the fleet in FY23 • 28 crane and 8 travel towers were sold in FY23, with further sales 110.2 earmarked for FY24 • NTA
Slide 15: Cash
Cash Cash generated used to invest in asset renewals • Cash from Operations generated $31.1m, down $4.3m on FY22 • Proceeds from Asset sales $7.6m in FY23, with further asset sales earmarked for FY24 Cash Generated from Operations ($M) Cash Proceeds from Asset Sales ($M) 7.6 35.4 31.1 23.9 4.8 2.9 F
Slide 16: FY24 Outlook
FY24 Outlook ASX: BOL Boom Logistics | Investor Presentation 16
Slide 17: Market Opportunities
Market Opportunities Strong demand across all key segments with recent new contract win to drive performance Resources • Expansion in QLD & WA with Renewables • Strong pipeline with 4,000+ new & existing customers new onshore wind turbines* & 10,000km of interconnectors • Continued focus on our broa
Slide 18: FY24 Priorities
FY24 Priorities Execution of Boom’s strategic plan of optimising asset and resource utilisation, improving profitability and cash generation Execution of recent contract wins and commencement of impacted projects expected to continue to grow the underlying business Continue to convert the strong ten
Slide 19: Our Profile
Our Profile Our Mission Our Business Our Operating Segments At Boom, we deliver safe lifting solutions, with scale and 750 precision, every time. employees, 400 full- Managing risk and complexity time and 350 flexible Resources Renewables with confidence – that’s the workforce promise we make to our
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
Slide 21: For further information
For further information Corporate Investors Manny Bikakis Craig Sainsbury Boom Logistics Limited (ASX: BOL) Chief Financial Officer Automic Group Suite B Level 1 55 Southbank Boulevard SOUTHBANK VIC 3006 +61 3 9207 2500 +61 428 550 499 Telephone +61 3 9207 2500 mbikakis@boomlogistics.com.au craig.sa