Mlg Oz Ltd · ASX:MLG
Mlg Oz — Investor Presentation (February 2025)
25 slides from Mlg Oz's investor presentation, Feb 18, 2025
Slide 1: Half Year Financial Results
HALF YEAR FINANCIAL RESULTS For the period ended 31 December 2024
Slide 2: Disclaimer
This release contains certain forward looking statements, including in relation to possible or assumed future performance, costs, dividends, rates, prices, revenue, potential growth of MLG Oz Limited, industry growth or other trend projections. Such forward looking statements are based on numerous a
Slide 3: Continued Strong Profit Delivery – Growing Further in H2
CONTINUED STRONG PROFIT DELIVERY– GROWING FURTHER IN H2 Pro Forma Financial Performance HY2024 2nd Half FY2024 HY2025 31 December 2023 30 June 2024 31 December 2024 REVENUE REVENUE REVENUE $223.2m $245.4m $268.6m EBITDA EBITDA EBITDA $28.5m $26.8m $29.3m NPAT NPAT NPAT $7.1m $3.9m $4.1m NTA/SHARE NT
Slide 4: Highlights
HIGHLIGHTS • Continued revenue growth– Statutory Revenue up 20.3% • MLG Employee numbers remains stable - 1,141 MLG employees with a total workforce of 1,450+ • Margin steady and expected to improve in H2 – EBITDA margin of 10.9% • First half has incurred additional costs in depreciation resulting f
Slide 5: Headcount Stable
HEADCOUNT STABLE • MLG Employee numbers reflect work in hand: MLG Employees − Dedicated recruitment focus − New to industry training program 1,145 1,141 850 947 800 • Staff retention continues to remain a key focus area 647 • Labour market remains challenging across the mining industry Jun-22 Dec-22
Slide 6: Strong History of Revenue Growth
STRONG HISTORY Pro Forma1 Revenue OF REVENUE GROWTH $468.6m 24.9% $375.2m 28.7% CAGR $286.8m $254.0m $199.6m $205.1m $132.7m FY18 FY19 FY20 FY21 FY22 FY23 FY24 1. Pro Forma revenue offsets fuel tax credits and other income against costs of sales 6 HY2025 FINANCIAL RESULTS
Slide 7: About MLG
ABOUT MLG 7 HY2025 FINANCIAL RESULTS
Slide 8: Our Services
Client strategies typically follow hub and spoke model with large central processing facility fed PROVIDING CRITICAL Mine from multiple satellite mines INFRASTRUCTURE TO Mine MINERAL PROCESSING Client Processing Facilities Mine Mine OUR SERVICES BULK HAULAGE & CRUSHING & SCREENING CIVIL & MINING CON
Slide 9: Where We Operate
WHERE WE OPERATE 1450 9 HY2025 FINANCIAL RESULTS
Slide 10: Revenue Is Primarily Driven from the Gold Sector
REVENUE IS PRIMARILY DRIVEN FROM THE GOLD SECTOR • Strong revenue growth from both organic expansion with existing customers and new contract wins • Revenue weighted to large, low-cost gold miners FY2024 Revenue Construction Materials 4.7% Iron Ore 5.1% Other Metals 3.6% Gold 86.6% 10 HY2025 FINANCI
Slide 11: Technology Platform Supports Improved Decision Making
REPORTING TECHNOLOGY PLATFORM SUPPORTS IMPROVED DECISION MAKING • Daily revenue across all projects • Cost control – transaction drill down on expenses Performance • Profit and Loss visibility by project EXTRACT AND TRANSLATE • Client portal monitors rates for billing • Dashboard metrics to measure
Slide 12: Financial Performance
FINANCIAL PERFORMANCE 12 HY2025 FINANCIAL RESULTS
Slide 13: Financial Performance
FINANCIAL PERFORMANCE For the period ended 31 December 2024 Pro Forma Pro Forma Pro Forma Pro forma1 REVENUE Statutory Statutory Statutory $268.5m 20.3% $000’s Notes HY25 H2-24 H1-24 $245.4m Mine Site Services and Bulk Haulage 246,670 226,984 185,927 $223.2m Crushing and Screening 21,895 18,297 37,1
Slide 14: Balance Sheet
$000’s BALANCE SHEET Cash and cash equivalents 31 Dec 2024 1,207 30 Jun 2024 5,861 Trade and other receivables 66,865 67,456 Inventories 19,077 18,586 • Net assets up 3.8% to $135.8m Total current assets 87,149 91,904 Property, plant and equipment 208,428 194,418 • Increase in NTA/share to 102c up 8
Slide 15: Debt Funded Through Equipment Finance (Asset Backed)
DEBT FUNDED THROUGH EQUIPMENT FINANCE (ASSET BACKED) EQUIPMENT FINANCE • Individual loans secured against each asset Equipment Finance (including operating leases) • Fixed Rate interest for term of loan Big 4 Banks, $66.4m 67% • Typically 3, 4 or 5 year term Net Debt (including operating leases) Acc
Slide 16: Cashflow and Capital Expenditure
OPERATING CASHFLOW CASHFLOW AND CAPITAL $'000 HY25 HY24 EXPENDITURE EBITDA 29,292 28,525 Receipts from customers 293,614 235,811 • Lower cashflow due to timing of debtor receipts (circa $12.0m Payments to suppliers and employees (280,829) (212,644) of overdue debtors at 31 December 2024 - fully coll
Slide 17: Outlook
OUTLOOK 17 HY2025 FINANCIAL RESULTS
Slide 18: Outlook Strong with Continued Expectation of High Levels of Customer Demand
• MLG’s market position and fleet capacity is very well placed to support our clients demand for growth in production. • Our focus is on the long-term sustainability of our profit margins and we continue to work towards optimising our portfolio to deliver sustainable margin improvement • Potential f
Slide 19: Thank You
HEAD OFFICE A 10 Yindi Way Kalgoorlie, Western Australia P (08) 9021 1011 CORPORATE OFFICE A Level 5, 200 St Georges Terrace Perth, Western Australia P (08) 9022 7746 EMAIL info@mlgoz.com.au WEBSITE mlgoz.com.au ABN & ASX ABN 53 102 642 366 ASX MLG THANK YOU
Slide 20: Appendix
APPENDIX 20 HY2025 FINANCIAL RESULTS
Slide 21: Our Timeline
OUR TIMELINE 2002 2004 2007 2014 2018 2020 2022 MLG founded FieldsFirst sand First hard rock First contract- Build, own, operate Construction and Celebrating by Murray Leahy quarry operation – quarry established crushing contract fixed plant crusher at commissioning of fixed 20 years of MLG 8 Mile R
Slide 22: Meet the Team
MEET THE TEAM BOARD OF DIRECTORS EXECUTIVE LEADERSHIP TEAM MURRAY LEAHY GARRET DIXON MARK HATFIELD PHIL MIRAMS Managing Non-Executive Chief Chief Financial Director Director Operations Officer Officer ANNA NEULING TOM GREGORCZYK ALLUN WALLER Non-Executive Chief Chief People Chair Commercial Officer
Slide 23: Modern Owned Fleet Supporting Operational Performance
MODERN OWNED FLEET SUPPORTING OPERATIONAL PERFORMANCE Average Age 5.7 Years 149 14 $2.0m Prime Movers $98.7m WDV 620 WDV Graders Trailers/Dollys Average Age 7.0 Years 22 $5.7m 3 $2.0m Excavators WDV Dozers WDV Average Age 5.0 Years Average Age 8.6 Years 110 $46.3m 13 $6.3m Loaders WDV Dump Trucks WD
Slide 24: Contract Terms
CONTRACT • Must provide a “service” • No commitment to minimum tonnes TERMS • Fixed and variable rates • Client retains “termination for convenience” rights • Capital payout terms for early termination (specific contracts) SCOPE OF SCHEDULE WORKS OF RATES STANDARD COMMERCIAL RISE AND FALL TERMS FOR
Slide 25: Historic Financial Performance – Pro Forma
HISTORIC FINANCIAL PERFORMANCE – PRO FORMA1 Pro Forma Pro Forma Pro Forma Pro Forma Statutory Statutory Statutory Statutory Not $000’s HY25 FY24 FY24H2 FY24H1 FY23 FY23H2 FY23H1 FY22 FY22H2 FY22H1 es Revenue Mine Site Services and Bulk Haulage 1 246,670 412,911 226,984 185,927 329,943 179,386 150,55