Slide 1: Full Year Results Presentation
30 June 2016 Full Year Results Presentation August 2016
Slide 2: Results Overview
Results Overview DRAFT ONLY Operating Results Stabilised Total Revenue of $152.3m (FY15: $206.6m) Trading EBITDA of $11.2m (FY15: $14.6m), with H2 FY16 trading EBITDA of $4.5m compared to $2.6m in H2 FY15 Operating costs down 25% delivering improved margins: Trading Gross Margin of 28.2% ver
Slide 3: Market Conditions
Market Conditions DRAFT ONLY Conditions have remained difficult with major resources companies reducing their demand and a general oversupply of equipment in the market ensuring pressure on pricing and payment terms. Resources companies are also reviewing their operating models which can provide b
Slide 4: Operating Profit
Operating Profit DRAFT ONLY 30-Jun-16 30-Jun-15 Change #039;m #039;m % Revenue from Services 152.3 203.3 -25% 1. Margin improvement achieved from successful cost less: Direct Expenses (1) (109.3) (150.2) -27% reduction and restructuring initiatives: Gross Profit 43.0 53.1 -19% - Trading Gross Margin impro
Slide 5: Trading Performance
Trading Performance DRAFT ONLY Revenue Revenue from services has declined in the period due to: Closure of unprofitable depots over the current and previous periods – circa $25m Resources customers responding to market conditions by reducing demand, particularly in the coal sector. Impact at t
Slide 6: Cash Flow Summary
Cash Flow Summary DRAFT ONLY 30-Jun-16 30-Jun-15 mvmt 1. Cash costs associated with non- $m $m $m trading activity were $5.4m in period compared to $8.3m in prior Trading EBITDA 11.2 14.6 (3.4) period less: cash component of non-trading - expense in period (1) (1.5) (3.2) 1.7 less: non-trading - cas
Slide 7: Balance Sheet Analysis
Balance Sheet Analysis DRAFT ONLY 30-Jun-16 30-Jun-15 mvmt $m $m $m 1. Year end debtor day KPI was 3.5 days Cash 1.8 7.0 (5.2) better than pcp. Testament to on going focus on working capital management Trade Debtors (1) 29.1 40.7 (11.6) throughout the business in a Assets Held for Sale (2) 3.9 8.8 (
Slide 8: New Financing Package
New Financing Package DRAFT ONLY Refinance Completed New long term finance package in place to support FY17 growth initiatives. New flexible $57.5m package comprises three facilities A $25m five year asset finance facility with De Lage Landen – fixed interest rate. Loan to asset ratio of 66% appli
Slide 9: Priorities for FY17
Priorities for FY17 DRAFT ONLY Boom’s priorities for FY17 are: Revenue Growth Leverage critical mass in key geographies success in May 2016 with BMA Blackwater contract supporting the Wesfarmers contract which started in August 2015. Solid pipeline of opportunities for FY17 New market opportun
Slide 10: Priorities for FY17
Priorities for FY17 DRAFT ONLY Boom’s priorities for FY17 are: Margin Improvement Capitalise on operational flexibility improvements to deal with volatile trading conditions Continue to improve labour agreements and the balance between full time and casual employees to maximise labour recovery
Slide 11: Priorities for FY17
Priorities for FY17 DRAFT ONLY Boom’s priorities for FY17 are: Other Matters New non-executive Director appointed with Chairman to retire prior to 2016 AGM New executive remuneration arrangements for FY17 to provide more transparent alignment with shareholders Ability for executive to salary s
Slide 12: Outlook
Outlook DRAFT ONLY Outlook for FY17: Market remains challenging with no prospect of a rate recovery in the short term Market conditions in resources expected to remain very tough. Building critical mass in key geographies important to profit regrowth in resources markets whilst more flexible lab
Slide 13: Revenue Mix
Revenue Mix BOOM Revenue by Market Segment FY16 lm Resources - Coal, Copper, Alumina, lron Ore, Gold, Other Construction and Engineering - Commercial and Infrastructure m Energy & Utilities - LNG, Wind, Power & Water @ Industrial Maintenance ™ Telecommunications Other 12
Slide 14: Fleet Statistics
Fleet Statistics DRAFT ONLY Cranes Travel Towers Other Assets* Total^ WA East Coast WA East Coast WA East Coast At 30 June 2015 Number of Assets 104 242 35 202 N/A N/A Value of Assets (#039;m) 80.1 99.1 6.6 50.9 10.6 14.8 262.1 Year Ended 30 June 2015 Number of Assets Disposed 22 56 9 58 N/A N/A Cash P
Slide 15: Asset Utilisation
Asset Utilisation DRAFT ONLY Movement in crane utilisation reflects both asset sales and patterns of demand from customers Sales of cranes with capacity less than 55 tonnes is driving the increase in utilisation Utilisation of cranes with capacity 56-199 tonnes has dropped in line with demand
Slide 16: Investor enquiries
DRAFT ONLY Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Tim Rogers Chief Financial Officer 03 9207 2500 15
Slide 17: Disclaimer
DRAFT ONLY 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 wor
Slide 18: BOOM Logistics
BOOM Logistics Level 6, 55 Southbank Boulevard Southbank Victoria 3006 T: +613 9207 2500 F: +613 9207 2400 E: info@boomlogistics.com.au www, boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961