Aj Lucas Group Limited · ASX:AJL
Aj Lucas — Shareholder Meeting (November 2020)
23 slides from Aj Lucas's shareholder meeting presentation, Nov 26, 2020
Slide 1: AGM Presentation Financial Year 2020
For personal use only AGM PRESENTATION FINANCIAL YEAR 2020
Slide 2: Online Attendees – Question Process
Online Attendees – Question Process For personal use only 2
Slide 3: Online Attendees – Voting Process
Online Attendees – Voting Process For personal use only 3
Slide 4: Introductions
Introductions For personal use only Andrew Purcell Brett Tredinnick Independent Director and Chairman Group CEO and Executive Director Austen Perrin Francis Egan Non-executive Director Executive Director, UK CEO • Chairman of the Audit and Risk Committee Julian Ball Director • Chairman of the Human
Slide 5: Agenda
AGENDA For personal use only Pre-recorded video Chairman's’ Address Group CEO Address – Brett Tredinnick UK CEO Address – Francis Egan General Q&A Formal Business Agenda: 1. Receive and Consider financial statements and reports 2. Resolution 1: - Remuneration Report 3. Resolutions 2-5: - Director re
Slide 6: AGM 2020 – Pre-recorded video playing
For personal use only AGM 2020 Pre-recorded video playing
Slide 7: Andrew Purcell – Chairman's address
For personal use only AGM 2020 ANDREW PURCELL - Chairman’s address
Slide 8: Brett Tredinnick – CEO Address
For personal use only AGM 2020 BRETT TREDINNICK – CEO Address
Slide 9: AJ Lucas Group - Highlights
AJ Lucas Group - Highlights For personal use only Drilling operations • Strong FY20 financial result with Underlying Earnings increasing 14.6% to $27.9 million • 20 year anniversary servicing Tier 1 clients • Navigated Risk of COVID-19 • Positive outlook on metallurgical coal demand Board and corpor
Slide 10: Drilling Services - Overview
Drilling Services - Overview For personal use only Safety ingrained in Lucas DNA • Excellence safety record continues – FY20 TRIFR1 of 3.67, well below mining industry average – FY20 LTIFR2 of 0 for the 7th consecutive year Continued strong financial result • Revenue up 2% to $147.7m • Underlying EB
Slide 11: Drilling Services - Customers
Drilling Services - Customers For personal use only “Lucas customers are low on the cash cost curve, all expected to produce steelmaking coal at <US$100/tonne” Bowen Basin Sydney Basin Hail Creek Moranbah Middlemount Tieri Emerald Illawarra 11
Slide 12: Drilling Services – Management
Drilling Services – Management For personal use only 12
Slide 13: AJ Lucas Group - Capital Management
AJ Lucas Group - Capital Management For personal use only Debt • In October 2019, AJL refinanced the OCP US$ loan facility with two new lending parties (Refinanced Facility) for up to $80m • The Refinanced Facility: – AU$ denominated – Investec, up to $30m (Asset Based Lending (ABL) facility, mature
Slide 14: Oil and Gas
Oil and Gas For personal use only PNR is a quality gas natural resource PEDL290 PEDL347 • PNR2 horizontal well partially fractured and flow tested – high quality PEDL342 PEDL346 EXL269 natural gas flowed to surface PEDL165 PEDL287 PEDL288 • UK Govt moratorium on hydraulic fracturing in England annou
Slide 15: Oil and Gas – Gained control of Cuadrilla
Oil and Gas For personal use only Gained control of Cuadrilla • Acquired Riverstone interest in Cuadrilla increasing ownership (from 48% to 96%) • In July 2020, Spirit advises intention to exit 25% license for a nominal sum. • AJL’s effective interest in Bowland (PEDL 165 and EXL 269) will increase
Slide 16: Questions
For personal use only QUESTIONS AGM 2020
Slide 17: Formal Business: Receive and consider Directors and Financial reports
FORMAL BUSINESS For personal use only Receive and consider Item 1 Directors and Financial reports There is no vote on this item 17
Slide 18: Resolution 1: Adoption of Remuneration Report
FORMAL BUSINESS For personal use only Resolution 1: Item 2 Adoption of Remuneration Report PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 927,605,477 96.79 77.54 Against 30,680,220 3.20 2.56 Open 67,950 0.01 0.01 Abstain / 17,264,608 n/a 1.44 excluded 18
Slide 19: Resolution 2: Re-election of Andrew Purcell
FORMAL BUSINESS For personal use only Resolution 2: Item 3 Re-election of Andrew Purcell PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 957,449,917 98.19 80.04 Against 17,509,662 1.80 1.46 Open 67,950 0.01 0.01 Abstain / 590,726 n/a 0.05 excluded 19
Slide 20: Resolution 3: Re-election of Brett Tredinnick
FORMAL BUSINESS For personal use only Resolution 3: Item 3 Re-election of Brett Tredinnick PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 974,408,139 99.88 81.45 Against 1,078,220 0.11 0.09 Open 67,950 0.01 0.01 Abstain / 63,946 n/a 0.01 excluded 20
Slide 21: Resolution 4: Re-election of Austen Perrin
FORMAL BUSINESS For personal use only Resolution 4: Item 3 Re-election of Austen Perrin PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 959,711,046 98.37 80.22 Against 15,775,313 1.62 1.32 Open 67,950 0.01 0.01 Abstain / 63,946 n/a 0.01 excluded 21
Slide 22: Resolution 5: Re-election of Francis Egan
FORMAL BUSINESS For personal use only Resolution 5: Item 3 Re-election of Francis Egan PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 974,278,139 99.86 81.44 Against 1,208,220 0.13 0.10 Open 67,950 0.01 0.01 Abstain / 63,946 n/a 0.01 excluded 22
Slide 23: Disclaimer
Disclaimer For personal use only This AGM presentation has been prepared by AJ Lucas Group Limited (“the Company”). Information in this AGM presentation is of a general nature only and should be read in conjunction with the Company’s other periodic and continuous disclosure announcements to the ASX,