Babylon Pump & Power Ltd · ASX:BPP
Babylon Pump & Power — Shareholder Meeting (November 2024)
16 slides from Babylon Pump & Power's shareholder meeting presentation, Nov 28, 2024
Slide 1: AGM Presentation
(ASX: BPP) AGM PRESENTATION RECORD REVENUE | MAIDEN NPAT 28 NOVEMBER 2024 $6M EBITDA | DE-LEVERAGING BALANCE SHEET 1
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Babylon Pump & Power Limited (“Babylon”) (ASX: not anticipate” or “believes” or variations of such words and phrases or statements that BPP) for information purposes only. certain actions, events or results “may”, “could”, “would”,
Slide 3: About Babylon Pump & Power Ltd
ABOUT BABYLON PUMP & POWER LTD GROWING A PORTFOLIO OF SPECIALTY, ESSENTIAL SERVICES HIGHLY VALUED BY MAJOR RESOURCES COMPANIES Rental of specialised water management equipment and specialist services Rental of portable hybrid power and traditional generation Unique rental offerings to assist clients
Slide 4: FY24 Financial Highlights
FY24 FINANCIAL HIGHLIGHTS REVENUE EBITDA NPAT OPERATING CASHFLOW 50 7 1 8 Millions Millions Millions Millions 6 0 7 40 FY22 FY23 FY24 5 6 -1 4 5 30 -2 3 4 -3 20 2 3 1 -4 2 10 0 -5 1 -1 FY22 FY23 FY24 0 -6 0 FY22 FY23 FY24 -2 FY22 FY23 FY24 $41.7m $6.1m $0.5m $7.5m Up 28% from Up 118% from Up 120% fr
Slide 5: FY24 Financial Snapshot
FY24 FINANCIAL SNAPSHOT Profit & Loss A$’000 FY 2024 FY 2023 % Growth Balance Sheet A$’000 30 June 2024 30 June 2023 Revenue 41,738 32,500 28% Cash & cash equivalents 367 1,565 Operating and indirect costs 35,614 29,693 Trade & other receivables 4,631 5,758 Inventories 6,077 7,490 EBITDA 6,124 2,807
Slide 6: EBITDA Growth Across Both Segments
EBITDA GROWTH ACROSS BOTH SEGMENTS FY23 segment EBITDA breakdown ($M) FY24 segment EBITDA breakdown ($M) ncrease ecrease otal ncrease ecrease otal Segment contributions to Group EBITDA Babylon has generated $2.3M of incremental EBITDA in FY24 through in FY23 and FY24 growth in both segments, with mi
Slide 7: Delivering Improved Performance Across Our Business
DELIVERING IMPROVED PERFORMANCE ACROSS OUR BUSINESS Improved financial Advancing rental & water Profitability improvement Deleveraging balance sheet and performance management strategy across all segments improving working capital ▪ Record EBITDA, Operating ▪ Successful introduction of ▪ Maintenance
Slide 8: History of Delivering Growth Through Acquisition
HISTORY OF DELIVERING GROWTH THROUGH ACQUISITION PRIMEPOWER QUEENSLAND AUSBLAST RESOURCE WATER GROUP RBH ENGINEERING SEPTEMBER 2019 MARCH 2021 AUGUST 2022 FEBRUARY 2023 ▪ Specialist provider of diesel ▪ Specialised pumping service ▪ Specialist in test pumping and ▪ Specialist rental pump engine main
Slide 9: Rental Segment Continues to Grow
RENTAL SEGMENT CONTINUES TO GROW ▪ Rental segment revenue up 20% over previous year ▪ Rental segment EBITDA up 31% over previous year ▪ Rental growth has been predominantly in the gold and iron ore sectors with increasing utilisation of existing assets ▪ Lower CAPEX spend in FY24 as assets have been
Slide 10: New Water Management Offering
NEW WATER MANAGEMENT OFFERING – ▪ Babylon appointed distributor by Higra Industrial (HIGRA) for pumps in Australia ▪ Pioneering technology allows for pump usage inside and out of water ▪ High power efficiency providing better performance by state-of-the-art software ▪ Versatility in application with
Slide 11: Maintenance Segment Delivers Strong Results
MAINTENANCE SEGMENT DELIVERS STRONG RESULTS ▪ Maintenance segment revenue up 32% over previous year ▪ Maintenance segment EBITDA up 137% over previous year ▪ Growth in revenue and profitability seen in both WA and QLD facilities as repeat clients are scheduling recurring works for rebuild programmes
Slide 12: Dewatering: A Long-Term Growth Opportunity
DEWATERING: A LONG-TERM GROWTH OPPORTUNITY ▪ The ongoing activities of miners continue to move deeper under the water table. ▪ This trend takes in many significant mines throughout the region including the major gold and iron ore producers (pictured at right is an iron ore mine after heavy rainfall
Slide 13: Group Outlook
GROUP OUTLOOK Increasing sector demand and streamlined business focus will continue trajectory of improved earnings and overall business growth. Following Q1 FY25, Babylon has recorded positive operating cashflow in ten of the last eleven quarters. Babylon expects FY25 to be its fourth full Revenue
Slide 14: Corporate Snapshot
CORPORATE SNAPSHOT ASX Code BPP Price (A$) Volume (m) Ordinary Shares 2,500m Performance Rights 186m Market cap (@ 0.6 cents) $15.0m Shareholders 816 Board & Management Ownership 8.9% Top 20 Holdings 53% Major Shareholders Belgravia Strategic Equities Pty Ltd & other entities 27.9% controlled by Geo
Slide 15: Board of Directors
BOARD OF DIRECTORS James Cullen Michael Shelby Patrick Maingard Louise Bower Chris Radin Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Jamie has over 20 years’ Co-Founder of Babylon , Patrick has over 30 years of Louise has 27 years’ Ch
Slide 16: Michael Shelby, Managing Director
MICHAEL SHELBY Managing Director 1 Port Place, High Wycombe WA 6057 +61 477 088 341 mshelby@babylonpumpandpower.com wwwˌbabylonpumpandpowerˌcom
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