Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2013 Earnings Presentation
14 slides from Boom Logistics's earnings presentation, Feb 18, 2013
Slide 1: Half Year Results Presentation
December 2012 Half Year Results Presentation February 2013
Slide 2: 1H13 Half Year Results
1H13 Half Year Results Continued revenue and profit growth Statutory EBIT of $16.1m Statutory NPAT of $7.6m Core business revenue growth of 11% on p.c.p. Trading EBIT of $17.8m up $1.8m, 12% Trading NPAT of $8.8m up $1.9m, 28% Gearing at 39% Capital investment of $31.2m Net Tangi
Slide 3: 1H13 performance
1H13 performance Continued p.c.p. growth in a challenging environment. Western Australia, Olympic Dam and Boom Sherrin performed solidly during the first half. Increased activity among major Western Australian customers underpinning solid earnings growth compared with 1H12. The transition of
Slide 4: 1H13 performance
1H13 performance Capital investment is focussed on improving the fleet profile to support core activity, with a clear emphasis on improving overall returns. Capital expenditure of $16.1m has been invested in the core business of travel towers. This is in line with our strategy to grow in the act
Slide 5: Restructuring activity
Restructuring activity Management’s response to changes in customer demand has translated into increased revenue and a flow through to earnings growth. This restructuring is an ongoing process as the Company targets business wide cost reductions and increased operating flexibility. Bowen Basin restr
Slide 6: Financial Review 1H13
Financial Review 1H13 Profit & Loss % $m 1H12 1H13 change Revenue 11% revenue growth from core business Crane Logistics 137.9 156.0 13% (Crane Logistics and travel towers in Boom Sherrin) Boom Sherrin 34.0 29.5 (13%) Discontinued businesses 3.6 - Solid EBIT growth of 14% in Crane Operating Reven
Slide 7: Financial Review 1H13
Financial Review 1H13 Balance Sheet 30 June 31 December Statutory $m Movement 2012 2012 Solid balance sheet metrics maintained Cash 10.1 7.9 (2.2) ─ Gearing: 39% Trade Receivables 70.0 68.8 (1.2) ─ NTA: 0.53 cents per Income Tax Receivable 8.0 4.3 (3.7) share Inventories 0.3 0.3 - Assets Held For
Slide 8: Financial Review 1H13
Financial Review 1H13 Cash Flow Statutory $m 1H12 1H13 Movement Improved operating cash flows Net receipts / (payments) 27.6 31.0 3.4 reflect p.c.p. growth Net interest received / (paid) (5.4) (4.8) 0.6 Income tax received / ( paid) - - - $42.7m of cash outflow for plant and equipment funded in
Slide 9: Outlook
Outlook FY13 Trading EBIT guidance is circa $39m – a 10% increase on the prior year This outlook is dependant upon: no further major weather events; maintenance of current major contracts and some improvement in East Coast performance; and projects in utilities proceeding in line with curr
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 1H13 result. EBIT NPAT Statutory result 16.1 7.6 Less restructuring costs Bowen Basin 0.3 0.2 Port Kembla 0.7 0.5 Brisbane 0.7 0.5 Trading result 17.8 8.8 Note 2: Statutory Revenue reconciliation Th
Slide 12: Investor enquiries
Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Iona MacPherson Chief Financial Officer and Company Secretary 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: +61 3 9207 2500 F; +613 9207 2400 E: info@boomlogistics.com.au www. boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961