Slide 1: Boom Logistics Limited
Brenden Mitchell Managing Director and Chief Executive Officer Tim Rogers Chief Financial Officer Tony Spassopoulos Chief Operating Officer Boom Logistics Limited ASX:BOL August 2018
Slide 2: 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 3: Highlights
Highlights 1. Revenue growth FY18 Revenue up 22% on pcp to $183.1m FY18 Gross Margin at 28.7% up from 27.1% in FY17 2. Operational leverage continues to deliver strong margin improvement Trading EBITDA at $21.1m up from $10.6m in FY17 Trading EBITDA margin at 11.5% up from 7.1% in FY17 Pos
Slide 4: FY18 Profit and Loss
FY18 Profit and Loss 30-Jun-18 30-Jun-17 Change #039;m #039;m % 1. Revenue up 22% Revenue from Services 183.1 150.1 22% Revenue increase attributed to: less: Direct Expenses (130.5) (109.4) 19% - Increased volume from existing customers; Gross Profit 52.6 40.7 29% - New contracts; - Major projects; and GP
Slide 5: Revenue Profile FY18 vs FY17
Revenue Profile FY18 vs FY17 Resources – increase circa $18m Higher revenue from maintenance contracts in line with Revenue by Market Segment $200m increased customer activity 1% Large shutdown completed at Olympic Dam – circa $10m revenue $180m 5% Increased revenue with OEM’s on customer si
Slide 6: FY18 Cash Flow
FY18 Cash Flow 30-Jun-18 30-Jun-17 mvmt $m $m $m 1. Working capital increased predominantly as a result of revenue Trading EBITDA 21.1 10.6 10.5 growth less: cash component of non-trading expenses paid Debtor days also increased by circa 5 days or circa $2.5m as a in period (0.9) (3.2) 2.3 result of
Slide 7: FY18 Balance Sheet
FY18 Balance Sheet 30-Jun-18 30-Jun-17 mvmt 1. Trade and other receivables increased by 22%. Broadly in line with $m $m $m 22% increase in revenue Cash 1.7 2.2 (0.5) 2. Operating fleet now considered right sized: Trade and Other Receivables (1) 37.1 30.4 6.7 - Investment in cranes and transport asse
Slide 8: CEO Transition
CEO Transition Brenden Mitchell is to retire as CEO after over 10 years in the role Planned transition to Tony Spassopoulos who will assume the role of CEO and Managing Director effective from 20 September 2018 Tony has been with Boom for 10 years bringing a deep knowledge of operations Prom
Slide 9: Strategic Imperatives
Strategic Imperatives Maintain the safety culture and disciplines - LTIFR at zero Build revenues in existing and new markets: Extend/renew current maintenance contracts with resource customers Win additional wind farm construction projects including their maintenance programs Expand on gro
Slide 10: FY19 Pipeline: Revenue Growth
FY19 Pipeline: Revenue Growth Strong Pipeline with multiple opportunities – expect to deliver revenue growth of circa 15% in FY19 Wind farm market expected to grow over the next 3 years: Targeting to win circa $30m p.a. of wind farm revenue in FY19 (circa $20m wind farm revenue in FY18). Next
Slide 11: Outlook FY19
Outlook FY19 Revenue growth to be circa 15%; Earnings per share target at 2 cents per share; Cash Flow from operations to remain solid; Capex will be approximately $15m to remain below depreciation for the year with additional assets introduced into the fleet on flexible rental arrangement i
Slide 12: Appendix
Appendix Company Profile Company Description 11
Slide 13: Company Profile
Company Profile Key data Largest shareholders Holding Interest Shares on issue (m) 474.9 Rorema Beheer B.V. 70,760,675 15% Options and share rights (m) 32.4 Greig & Harrison 30,040,806 6% Market capitalisation ($m) @24.0 cents 114.0 Cadence Asset Management 25,153,554 5% Cash (as at June 2018) ($m)
Slide 14: Company Description
Company Description Boom Logistics is a national industrial services group that 17 depots located across Australia delivers an integrated suite of lifting services providing engineering expertise, skilled operators, specialist equipment and a broad range of labour solutions to Australian industry.
Slide 15: Investor enquiries
Investor enquiries: Brenden Mitchell Managing Director & Chief Executive Officer Tim Rogers Chief Financial Officer Tony Spassopoulos Chief Operating Officer 03 9207 2500 info@boomlogistics.com.au www.boomlogistics.com.au 14