Slide 1: FY19 Full Year Results
FY19 FULL YEAR RESULTS 21 August 2019
Slide 2: FY19 Results
FY19 RESULTS Financial Performance Capital Management Revenue $182.7m FY19 v $183.1m FY18 Solid Balance Sheet with net debt at $36.6m, in line with pcp and Gearing (net debt/equity) at 27% Trading Result * EBITDA $20.1m FY19 v $21.1m FY18 EBIT $2.8m FY19 v $2.9m FY18 Debt refinance compl
Slide 3: Operations Update
OPERATIONS UPDATE Business Update Asset Management TRIFR at 8.6 and achieved 2 years Large cranes introduced on a flexible and 3.2 million hours without an LTI rental model to win major wind farm projects and contracts Major resource customer contracts extended/renewed representing circa Rel
Slide 4: $30 million wind farm projects won
$415 million wind farm $30 million sales pipeline wind farm to tender over projects won next 3 years this year
Slide 5: Revenue by Market Sector
REVENUE BY MARKET SECTOR Mining & Resources Infrastructure Wind, Energy & Utilities Revenue down by 13% Revenue remained similar Revenue increased by 32%, - $20m non-recurring major to last year working on $30m in wind farm projects shutdown at Olympic Dam & major civil and bridge won at Coopers Gap
Slide 6: Revenue by Services
REVENUE BY SERVICES Projects – Fixed Fee Structure & Contracted Rates Crane Services – Contracted Hourly Rates Wind farm construction projects Mining maintenance – fixed and mobile plant & equipment Bridge installations and infrastructure construction Engineered and specialised lift studies
Slide 7: Revenue by Region
REVENUE BY REGION Projects – 61% increase in revenue QLD – 14% increase in revenue Completion of Acciona Mt Gellibrand wind farm Increased mining maintenance works with our key GE Coopers Gap wind farm commenced in QLD contracted customers at Coronado, Glencore and Anglo Coal and renewed a 3 y
Slide 8: Alcoa contract renewed for 3 years; Newmont Boddington 5 years
Newmont Boddington Alcoa contract contract renewed for renewed for 5 years 3 years
Slide 9: Operating Profit
OPERATING PROFIT • Revenue from Services at $182.7m 30-Jun-19 30-Jun-18 Change #039;m #039;m % • Trading EBITDA of $20.1m Revenue from Services 182.7 183.1 0% Other Income 2.6 0.0 Direct Expenses (134.3) (130.5) 3% • Direct expenses include circa $5.9m (FY18: $0.5m) of Gross Profit 51.0 52.6 -3% lease pay
Slide 10: Balance Sheet
BALANCE SHEET • Net Debt Down 30-Jun-19 30-Jun-18 mvmt • Net debt reduced by $0.7m in period to $36.6m $m $m $m • Gearing (net debt/equity) at 27% • Core finance facilities extended to January 2022 Cash 1.5 1.7 (0.2) Trade and Other Receivables 35.5 37.1 (1.6) • Trade working capital managed to deli
Slide 11: Cash Flow
CASH FLOW • Cash from Operations strengthened 30-Jun-19 30-Jun-18 mvmt • Debtor days reduced by 2 days $m $m $m • Further $0.8m cash to be received in Q1 FY20 from legal settlement completed in June 2019 Trading EBITDA 20.1 21.1 (1.0) less: cash component of non-trading expenses paid • Capital Expen
Slide 12: Travel Tower growth on wind farm projects and 5G roll-out
Travel Tower growth on wind farm projects and 5G roll-out
Slide 13: Growth Plans for FY20
GROWTH PLANS FOR FY20 Profitable Revenue Growth Expand Geographic Footprint Sales & Business Development Asset utilisation to continue to Returning to Moranbah depot in General Manager – Strategic Growth improve for core crane services with Central Queensland and secure new appointed to focus
Slide 14: Returning to Moranbah depot to service new mining customers
Returning to Moranbah depot to service new mining customers
Slide 15: Outlook for FY20
OUTLOOK FOR FY20 Operational Management Asset Management Financial Metrics Maintain safety culture and Upgrade the Olympic Dam fleet using Revenue of circa $210 million, disciplines, and continue zero harm the flexible rental model and aligned target of 15% growth industry leadership with curr
Slide 16: New 750t crane for Melbourne infrastructure project works
New 750t crane for Melbourne infrastructure project works
Slide 17: Creating Shareholder Value
CREATING SHAREHOLDER VALUE Restructure & Reset in FY19 Sustainable Growth in FY20 Deliver Returns in FY21 Target ROCE of ~ 5% Target ROCE* of ~ 7% Target ROCE* of ~ 10% Renewed 50% of major contracted Upgrade the Olympic Dam fleet with Target revenues of circa $250 million mining customers w
Slide 18: Investor enquiries
Investor enquiries: Tony Spassopoulos Managing Director and Chief Executive Officer Tim Rogers Chief Financial Officer +61 3 9207 2500 info@boomlogistics.com.au www.boomlogistics.com.au
Slide 19: 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