Slide 1: Half Year Results Presentation
December 2014 Half Year Results Presentation February 2015
Slide 2: 1H15 Results
1H15 Results Proactive cash and balance sheet management under difficult trading conditions Statutory EBIT loss of $1.4m Statutory NPAT loss of $3.4m Trading EBIT of $1.4m Trading NPAT loss of $1.3m Positive free cashflow of $13.8m Gearing at 33% (38% at 30 June 2014) Net Debt down to
Slide 3: 1H15 performance – Market conditions
1H15 performance ─ Market conditions Challenging market conditions in the second half of FY14 continued in the first half of FY15. With declining commodity prices, customers in the mining and resources sector continue to apply significant price pressures and demand patterns remain volatile. Reve
Slide 4: 1H15 performance – Market conditions
1H15 performance ─ Market conditions Revenue declines in the first half were mitigated by several revenue generation activities, including: In Western Australia, significant shutdown support activity for key customers including Newmont’s Boddington Gold Mine, FMG, Alcoa and the Gorgon LNG projec
Slide 5: 1H15 performance – Management actions
1H15 performance ─ Management actions Across all business, Boom continues to drive profit improvement initiatives, including: A heightened sales focus on dry hire opportunities to improve asset utilisation, at improved margins. The addition of dedicated business development resources in WA, Qu
Slide 6: Financial Review 1H15
Financial Review 1H15 Profit & Loss % $m 1H15 1H14 change Crane Logistics revenue impacted by: Revenue Crane Logistics 96.3 114.6 (16%) ─ lower contract maintenance Boom Sherrin 19.2 27.6 (30%) volumes in WA, Central QLD and NSW; and Operating Revenue 115.5 142.2 (19%) Interest Income 0.1 0.1 ─ Do
Slide 7: Financial Review 1H15
Financial Review 1H15 Balance Sheet 30 December 30 June Statutory $m Movement 2014 2014 Sound balance sheet metrics Cash 7.8 8.6 (0.8) maintained Trade Receivables 43.1 55.4 (12.3) ─ Gearing: 33% Income Tax Receivable - 4.4 (4.4) ─ NTA: 0.48 cents per share Inventories 0.3 0.3 - Assets Held For Sa
Slide 8: Financial Review 1H15
Financial Review 1H15 Cash Flow Statutory $m 1H15 1H14 Movement Positive free cashflow of Net receipts / (payments) 10.2 15.4 (5.2) $13.8m Net interest received / (paid) (3.2) (4.1) 0.9 Income tax received / ( paid) 4.5 - 4.5 Surplus asset sales of $9.3m, in excess of total capital Net Cash prov
Slide 9: Outlook
Outlook Boom expects prevailing market conditions to continue with no indications that conditions will ease in the near term: subdued and volatile demand patterns in operations in the mining and resources sector; significantly lower capital project expenditure in mining and resources; very l
Slide 10: Appendix
Half Year Results Presentation Appendix 9
Slide 11: Explanatory Notes
Explanatory Notes Note 1: Trading adjustments The table below sets out the trading adjustments in the 1H15 result. EBIT NPAT Statutory result (1.4) (3.4) Less Impairment charges Assets 1.6 1.1 Less restructuring costs Redundancies 0.9 0.6 Central QLD site closures 0.1 ~0.1 One Boom integration costs
Slide 12: Investor enquiries
Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Paul Martinez Chief Financial Officer and Director of Strategy 03 9207 2500 11
Slide 13: 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 14: 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