Boom Logistics Ltd · ASX:BOL
Boom Logistics — Shareholder Meeting (November 2018)
21 slides from Boom Logistics's shareholder meeting presentation, Nov 21, 2018
Slide 1: Boom Logistics Limited Annual General Meeting 2018
Boom Logistics Limited Annual General Meeting 2018 Wednesday 21 November 2018
Slide 2: Safety Update and Purpose
Safety Update and Purpose Safety TRIFR Completed two years and 2.8 million hours worked 12.0 without a Lost Time Injury (LTI) 10.0 8.0 Total Recordable Injury Frequency Rate (TRIFR) 6.0 below 10 for the second year 4.0 2.0 - Continue journey towards Zero Harm Actual Forecast Purpose Our purp
Slide 3: Boom Leadership Team
Boom Leadership Team Michael Spedding Shane Stafford Tony Raby Brenton Salleh GM readi GM NSW & QLD GM Vic, SA, WA GM Travel Towers Joined 2015 Joined 2014 Joined 2010 Joined 2003 Rob Wright Tim Rogers GM Safety & Quality Malcolm Ross CFO General Counsel Joined 2012 Joined 2015 Joined 2011 2
Slide 4: IR Update in NSW
IR Update in NSW Negotiated new Enterprise Agreements with the CFMMEU and industrial dispute now resolved Agreed to stand alone labour agreements at Port Kembla, Singleton and Newcastle Focus on rebuilding credibility and working closely with our customers in the region Recover labour cost i
Slide 5: Results to October 2018 and Outlook
Results to October 2018 and Outlook Revenue at the end of October at $64 million REVENUE Jul to Oct ($m) compared to $62 million last year 70 60 Trading EDITDA in the first four months is circa 50 $7.5 million 40 30 Trading EBIT of circa $2.3 million is marginally 20 ahead of last year 10 0 FY
Slide 6: Mining & Resources
Mining & Resources Solid contracts with major customers in the mining Mining in Australia ($m) and resources sector 245,000 240,000 Renewed contracts with BMA, Curragh and Alcoa 235,000 230,000 225,000 Mining maintenance increasing 220,000 215,000 Build new revenue around current depot struc
Slide 7: Renewables / Wind Farms
Renewables / Wind Farms Crane Wind Farm Sales Pipeline (c. $396m) Success with our “bundled services” model on wind Tendering farm construction projects $140m $120m $100m Total service offer including: $80m Cranes & Rigging $119m $108m $60m Engineering service $40m $40m $80m Mechanical fit
Slide 8: Telecommunications & Travel Towers
Telecommunications & Travel Towers General Manager appointed with new Wireless Tower Construction in Australia ($m) management structure and specialised sales team now in place 2,600 2,500 2,400 Panel agreements in place with major customers 2,300 Nokia, Ericsson, Kordia, Visionstream 2,200 2,
Slide 9: Infrastructure & Construction
Infrastructure & Construction Strong pipeline over the next three years in Road and Bridge Construction in Australia ($m) infrastructure and mining construction sectors 33,000 31,000 29,000 Customer preference to hire equipment rather than 27,000 capital expenditure on major projects 25,000 23,0
Slide 10: readi – specialised labour hire services
readi – specialised labour hire services readi achieved $22 million revenue in FY18 with a Temporary Staff Services in Australia ($m) revenue growth target of 50% in FY19 30,000 29,000 readi services Boom casual labour hire needs for 28,000 customer shutdown programs 27,000 26,000 Growth in ex
Slide 11: Innovation / Technology
Innovation / Technology Introduced new customer planning and booking system providing a real-time order to invoice system Installing tablet technology to all assets across Australia Provide information to our customers in real-time: Safety pre-start checks Job status reporting Electronic
Slide 12: People and Development
People and Development Commenced leadership training program for our supervisors and managers in October 2018 Looking to the future, we are building the next talent pool of employees Developing a cadet program to attract the “leaders of tomorrow” and progress a career path in our industry In
Slide 13: Capital Management
Capital Management Asset Management & Capital Expenditure Share Buy-back Review of utilisation and profitability on all assets Recently we conducted a minimum holding buy back Under performing assets continue to be relocated purchased and cancelled circa 1.1 million shares to regions where d
Slide 14: Formal Business
Boom Logistics Formal Business Limited Annual General Meeting 2018 Wednesday 21 November 2018 13
Slide 15: Item 1 Financial Statements and Reports
Item 1 Financial Statements and Reports 14
Slide 16: Item 2 Re-election of Director
Item 2 That Mr. Terence A Hebiton be re-elected as a Director of the Company Source: Computershare Number of Shares % of all issued Shares For 127,876,966 26.99% Against 23,526,282 4.97% Discretionary * 541,911 0.11% Abstain 349,814 0.07% * The number of the Chairman’s discretionary proxy votes ar
Slide 17: Item 3 Remuneration Report
Item 3 That the Remuneration Report for the financial year ended 30 June 2018 be adopted Source: Computershare Number of Shares % of all issued Shares For 145,335,778 30.68% Against 6,045,906 1.28% Discretionary* 527,177 0.11% Abstain 386,112 0.08% * The number of the Chairman’s discretionary prox
Slide 18: Item 4 Grant of Rights and Options to the Managing Director
Item 4 Grant of Rights and Options to the Managing Director That for the purposes of ASX Listing Rule 10.14 and all other purposes, approval be given for the issue of the following Rights and Options to the Managing Director under the Company’s Executive Remuneration Plan on the terms summarised
Slide 19: Item 4 Grant of Rights and Options to the Managing Director
Item 4 Grant of Rights and Options to the Managing Director Source: Computershare Number of Shares % of all issued Shares For 146,065,943 30.83% Against 5,169,839 1.09% Discretionary* 527,177 0.11% Abstain 532,014 0.11% * The number of the Chairman’s discretionary proxy votes are 336,151. Note: Th
Slide 20: Investor enquiries
Investor enquiries: Tony Spassopoulos Managing Director and Chief Executive Officer 03 9207 2500 Tim Rogers Chief Financial Officer 03 9207 2500 19
Slide 21: 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