Mastermyne Group Limited · ASX:MYE
Mastermyne — FY2013 Earnings Presentation
25 slides from Mastermyne's earnings presentation, Aug 28, 2013
Slide 1: FY2013 Full Year Results Presentation
For personal use only FY2013 Full Year Results Presentation 28 August 2013 Tony Caruso – CEO & Managing Director Chris Kneipp – Financial Controller 1
Slide 2: Results Summary / Operational Overview / Outlook
Results FY13 Full Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Full Year Results Presentation 2
Slide 3: Results Summary: Financial Highlights
Results Summary For personal use only Financial Highlights Revenue of $248.8 million down 8.5% on FY2012 REVENUE EBITA of $18.5 million down 27.7% on FY2012 $248.8m( 8.5%) Guidance $245 - $250m NPAT of $11.5 million at upper end of guidance given in May FY2012: $271.9m EPS of 15.3cps down fr
Slide 4: Operational Highlights
Operational Highlights For personal use only Continuing trend of improvement in safety outcomes. FY2013 Group TRIFR 3.28 (FY2012: 4.67) 1,843,108 man hours worked in the period and six sites recorded a 12 month TRIFR of 0.00 Maintained strong revenue in a challenging market with no loss of con
Slide 5: Operational Overview
Results FY13 Full Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Full Year Results Presentation 5
Slide 6: FY2013 Financial Overview
FY2013 Financial Overview For personal use only Summary Income Statement Revenue is down 8.5% largely as a result of early contract completion at Newstan ($’000) FY 2013 FY2012 Change(%) Total Revenue 248,836 271,955 (8.5%) Net Profit down 26.8% as a result of early contract EBITDA 25,878 31,564
Slide 7: FY2013 Divisional Performance
FY2013 Divisional Performance For personal use only Business Unit Performance ($’000) Underground Engineering Services FY13 FY12 FY13 FY12 FY13 FY12 External Revenue 194,251 242,980 17,819 22,618 36,766 6,357 Inter Segment Revenue* 12,129 6,992 1,471 1,756 6 69 Total Divisional Revenues 206,380 249,
Slide 8: FY2013 Working Capital & Cash Flow
FY2013 Working Capital & Cash Flow For personal use only $AUD (000's) FY13 FY12 Positive Operating Cash Flows of $10.6 EBITDA (Statutory) 25,878 31,564 million driven by: Movements in Working Capital (3,314) (4,836) Working Capital management Non cash items 477 489 remaining steady through FY201
Slide 9: FY2013 Balance Sheet
FY2013 Balance Sheet For personal use only Jun-13 Jun-12 $AUD (000's) Net Assets up to $60.9 million Assets Cash and cash equivalents 10,223 13,328 Lower trade receivables and payables reflect lower Trade and other receivables 40,906 49,859 revenues Inventories 2,332 1,933 Total current assets 5
Slide 10: Operational Overview
Results FY13 Full Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Full Year Results Presentation 10
Slide 11: HSEQ Scorecard
HSEQ Scorecard FY2013 Group TRIFR 3.28, down from 4.7 at 30th June 2012 For personal use only (200,000hrs) based on internal reporting standard Six sites recorded a 12 month rolling TRIFR of 0.00 1,843,108 man hours worked in the period Achieved AS4801 & AS17001 certification HSEQ focus re
Slide 12: Human Resources
Human Resources For personal use only Workforce numbers reduced from 1,088 to 754 predominately due to Newstan and Kestrel Project completion Industrial flexibility has ensured competitiveness in the market place Workforce flexibility on run off of contracts Ability to adjust workforce remun
Slide 13: Underground Operations
Underground Operations Maintained all contracts making up the order book with the exception of Newstan For personal use only Have experienced some contraction on most contracts but remain the major contractor on these sites Kestrel Mine Extension Project successfully transitioned to RIO Tinto
Slide 14: Underground Operations continued
Underground. Cont.. Tenders ongoing for 2 major new For personal use only greenfield sites Tender pipeline to increase from several major roadway development tenders expected in the first half of FY2014 creating more opportunity to deploy fleet 2 continuous miners on hire (June & August 2013).
Slide 15: Engineering Operations
Engineering Operations For personal use only Awarded major supply contract with Anglo Coal for QDS equipment for new Grosvenor Mine Awarded Forward Purchasing Agreement (FPA) with Ensham mine for 3 years Renewed FPA with BMA for a further 2 years Renewed FPA with Anglo Coal for a further 2 y
Slide 16: Services and MyneSight
Services For personal use only Kestrel Mine Extension Project successfully transitioned to RIO Tinto operations group (RTCA) Other smaller projects undertaken in the second half FY2014 revenue to be well down on FY2013 following completion of KME project in FY2013 Service capability maintain
Slide 17: Outlook – Order Book
Outlook – Order Book Oaky Creek Complex For personal use only Moranbah North Drivage Moranbah North Umbrella Crinum Mine Westcliff Colliery Appin Area 9 Previous Contract Current Contract Option Kestrel Mine Drivage Preferred Tender Kestrel Mine Services Kestrel Strata Support Grasstree Mine Carboro
Slide 18: Outlook
Results FY13 Full Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Full Year Results Presentation 18
Slide 19: General Outlook
General Outlook For personal use only Contractors have been the focus of initial actions by coal producers to achieve cost relief but contractors will play a strategic role in lowering cost of operations in the medium to long term Producers are shifting towards contractors that are more effectiv
Slide 20: Outlook – FY2014 and Beyond
Outlook – FY2014 and Beyond MYE well positioned to grow by maintaining existing contracts, winning new contracts and maintaining a strong presence on all sites For personal use only New sites provide the entry point and platform to expand by being the major contractor on the site and through the
Slide 21: Summary
Results FY13 Full Operational Outlook Summary Summary Year Results Overview For personal use only FY2013 Full Year Results Presentation 21
Slide 22: Summary
Summary FY2013 was a good result in a very tough market. Maintained strong revenue For personal use only after a record result in FY2012 with no loss of contracts other than scheduled Scope of services on existing contracts remain largely unchanged Margins were impacted by lower equipment util
Slide 23: Corporate Overview
Corporate Overview For personal use only Capital Structure Shares on issue 75,367,514 Market Capitalisation $67 million (based on $0.895 share price) Substantial Shareholders Perpetual 14.85% Andrew Watts 13.93% Darren Hamblin 12.86% Wilson HTM Investment Group 7.89% Acorn Capital 7.71% NAB 5.18% 23
Slide 24: 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 25: 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 25