Mastermyne Group Limited · ASX:MYE
Mastermyne — H1 FY2013 Earnings Presentation
22 slides from Mastermyne's earnings presentation, Feb 26, 2013
Slide 1: FY2013 Half Year Results Presentation
For personal use only FY2013 Half Year Results Presentation 26 February 2013 Tony Caruso – CEO & Managing Director Chris Kneipp – Financial Controller 1
Slide 2: Results Summary, Operational Overview, Outlook
Results FY13 Half Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Half Year Results Presentation 2
Slide 3: Financial Highlights
Financial Highlights For personal use only REVENUE 14.3% 1HY2013 $142.1 million EBITDA 6.3% 1HY2013 $16.4 million EBITA 0.5% 1HY2013 $12.7 million NPAT 2.2% 1HY2013 $8.0 million EPS Same 1HY2013 steady at 10.6cps DPS 10% Interim Dividend of 3.3 cps 3
Slide 4: Operational Highlights
Operational Highlights For personal use only Continuing trend of improved performance for HSEQ across the Group Commenced accreditation of HSEQ system to AS4801 & AS17001 standards Secured new contracts with; BHP at Appin Area 9 for 2.5 years (including options) Rio Tinto at Kestrel for 3 years (inc
Slide 5: Half Year Results
Results FY13 Half Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Half Year Results Presentation 5
Slide 6: HY2013 Financial Overview
HY2013 Financial Overview For personal use only Revenue is up 14.3% as a result of Summary Income Statement increased contract works ($’000) HY 2013 HY2012 Change(%) Net Profit is up 2.2% due to the increased Total Revenue 142,064 124,299 14.3% revenues, offset by lower EBITA margins EBITDA 16,449 1
Slide 7: HY2013 Divisional Performance
HY2013 Divisional Performance For personal use only Business Unit Performance ($’000) Underground Engineering Services Dec- Dec-12 Dec- Dec-11 Dec- Dec-12 Dec- Dec-11 Dec- Dec-12 Dec- Dec-11 External Revenue 114,035 112,821 9,174 9,628 18,855 1,850 Inter Segment Revenue* 8,355 1,858 853 1,038 6 21 T
Slide 8: HY2013 Working Capital & Cash Flow
HY2013 Working Capital & Cash Flow For personal use only $AUD (000's) Dec- Dec-12 Dec- Dec-11 Positive Operating Cash Flows of $2.1 EBITDA (Statutory) 16,449 15,472 million due to; Movements in Working Capital (4,217) (4,020) Working Capital management Non cash items 322 162 remained steady through
Slide 9: HY2013 Balance Sheet
HY2013 Balance Sheet For personal use only Dec- Dec-12 Jun- Jun-12 $AUD (000's) Net Assets up to $59.7 million Assets Cash and cash equivalents 13,060 13,328 Net Debt increased by $2 million to $13 million, as a Trade and other receivables 48,025 49,859 result of financing two continuous miners Inve
Slide 10: Operational Overview
Results FY13 Half Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Half Year Results Presentation 10
Slide 11: HSEQ Scorecard
HSEQ Scorecard For personal use only Continuing trend of improved performance for HSEQ across the Group TRIFR rate within historical range at 5.5 Record man hours worked in the period (>1 million exposure hours) Commenced certification of HSEQ systems for AS4801 & AS17001 accreditation HSEQ focus re
Slide 12: Human Resources
Human Resources For personal use only Workforce numbers reduced in the first half due to contraction on projects and 1st stage of Newstan ramp down Head Office roles restructured to right size overhead structure Turnover rates have dropped significantly Availability of statutory roles and miners / o
Slide 13: Operations
Operations For personal use only Underground 2 new contracts commenced (Appin and Kestrel) All customers have been through cost restructuring and are now focusing on production Projects have all seen some minor contraction of labour and equipment No major impact on contracting margins due to MYE var
Slide 14: Outlook – Current Order Book
Outlook – Current Order Book For personal use only KME Services Contract Newstan Mine Westcliff Colliery Dendrobium Mine Kestrel Mine Previous Contract Kestrel Mine Extension Current Contract Option Oaky Creek Complex Contract Crinum Mine Extension Moranbah North Drivage Moranbah North Umbrella New
Slide 15: Outlook
Results FY13 Half Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Half Year Results Presentation 15
Slide 16: Outlook – Second Half
Outlook – Second Half For personal use only Underground revenue will decline in the second half due to Newstan contract ending prematurely Fleet revenue and profits will be significantly impacted due to Demobilising major equipment from Newstan Timing of placing equipment on new hires will limit rev
Slide 17: Outlook – FY2014 and Beyond
Outlook – FY2014 and Beyond Coal volume will continue to drive demand for MYE services For personal use only Pipeline of MYE tendering opportunities is increasing due to the differentiated offering combined with a more commercial environment Historically following slowdown, increased demand for MYE
Slide 18: Summary
Results FY13 Half Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Half Year Results Presentation 18
Slide 19: Summary
Summary For personal use only First half result was strong despite the slow down in the coal sector Variable cost structure has ensured profitability in the first half FY2013 Second half will not replicate first half performance with revenue and margins expected to deteriorate with the full 6 month
Slide 20: Corporate Overview
Corporate Overview For personal use only Capital Structure Shares on issue 75,367,514 Market Capitalisation $136 million (based on $1.80 share price) Substantial Shareholders Andrew Watts 18.58% Darren Hamblin 12.81% NAB 6.53% Wilson HTM Investment Group 7.89% Acorn Capital 7.71% 20
Slide 21: Disclaimer and Important Notice
Disclaimer and Important Notice For personal use only The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other us
Slide 22: Contact
Contact For personal use only www.mastermyne.com.au Information for Investors / Analysts: Tony Caruso – Chief Executive and Managing Director: (07) 4963 0400 Bill Lyne – Company Secretary: (07) 3378 7673 22