Mlg Oz Ltd · ASX:MLG
Mlg Oz — Shareholder Meeting (November 2022)
15 slides from Mlg Oz's shareholder meeting presentation, Nov 2, 2022
Slide 1: 2022 AGM Presentation
ASX ANNOUNCEMENT / MEDIA RELEASE 2 NOVEMBER 2022 2022 AGM PRESENTATION MLG Oz Limited (ASX:MLG) (MLG or the Company) is pleased to provide the Managing Director’s presentation for the Company’s 2022 Annual General Meeting being held today, Wednesday For personal use only 2 November 2022. MLG Oz Limi
Slide 2: Annual General Meeting
ANNUAL GENERAL MEETING MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER For personal use only 02 NOVEMBER 2022
Slide 3: About MLG
ABOUT MLG Long term sustainable partner of choice OUR WAY OF DOING BUSINESS For personal use only FOUNDER LED BUSINESS SAFETY AND ENVIRONMENT [ >50% ownership ] This is our number one priority, it underlines every activity we undertake. INTEGRITY & TRUST ASX LISTED: Being honest, fair and ethical in
Slide 4: Integrated Services Model
INTEGRATED SERVICES MODEL Contract tenor typically 2-3 years with commercial terms and conditions and specific scope of work BENEFIT OF INTEGRATED MODEL For personal use only MINE • Single service provider SITE QUARRY ASSETS • Single contractual management touch point Site Construction MINE Services
Slide 5: Our Operations and Reach
For personal use only OUR OPERATIONS AND REACH CURRENT ACTIVITY 20 656 Bulk Haulage & Site Services 17 YEARS OF OPERATION EMPLOYEES Crushing & Screening 6 2 26 Offices 2 Quarries 1 SITES IN NT AND WA 1 Screening 3 25 P I L B AR A P I L B AR A 1 Roy Hill 25 Christmas Creek NO R T H E R N TERRITOR Y NO
Slide 6: Sustainable Operations Connected With Our Community
SUSTAINABLE OPERATIONS CONNECTED WITH OUR COMMUNITY GOVERNANCE For personal use only GOVERNANCE ENVIRONMENT SOCIAL • Industry recognised board • Electrification • Community Support • High employee ownership • Environmental Management • Indigenous engagement • People centric culture Systems • Health
Slide 7: Strong Revenue Growth With Labour Constraining Profit
STRONG REVENUE GROWTH WITH LABOUR CONSTRAINING PROFIT Unprecedented demand constrained by labour market and margin pressures • Strong revenue growth For personal use only Pro forma1 revenue - Greater scope of works across existing clients 300.0 - Growth from project wins 250.0 286.8 254.0 - Higher b
Slide 8: Structure of Debt
STRUCTURE OF DEBT Majority of MLG debt is equipment finance - each contract typically repaid over 3-5 years For personal use only FINANCIAL DEBT • 93% of Financial debt at end of September 2022 is hire purchase equipment finance • $10m working capital overdraft facility • Prior to 30 June 2022 all e
Slide 9: Operational Performance
OPERATIONAL PERFORMANCE Strong underlying demand for MLG services constrained by labour market conditions For personal use only • Greater investment in recruitment • Retention difficult in industry as demand intensifies • Strengthened management team OUR - New COO – Mark Hatfield PEOPLE - Re-aligned
Slide 10: Operational Performance
OPERATIONAL PERFORMANCE Productivity below historic performance with capacity for higher margins For personal use only • High capex spend in FY2022 ($55.8m) - strategic orders to mitigate supply chain delay - new projects commenced in FY2022 (Paddington, Davyhurst, Evolution, Red5) OUR - Higher sust
Slide 11: What Is Driving Our FY2023 Outlook?
WHAT IS DRIVING OUR FY2023 OUTLOOK? Growth outlook is a focus on margin and client delivery rather than revenue alone For personal use only REVENUE LABOUR MARGIN GROWTH AVAILABLIITY IMPROVEMENT • Existing client demand • Recruitment • Cost control - Yandal belt expansion in - investment in recruitme
Slide 12: High Volume Crushing Plant Opportunity
HIGH VOLUME CRUSHING PLANT OPPORTUNITY Potential to redeploy or sell or combination of both For personal use only • Client parties interested in - build own and operate - outright purchase - Purchase asset plus MLG manage operations • Dedicated high capacity plant business development manager appoin
Slide 13: Outlook for FY2023
OUTLOOK for FY2023 Expectations for strong growth in FY2023 For personal use only • Cost escalation stabilising • MLG being headquartered in Kalgoorlie provides unique advantage to leverage DAMA in Goldfields region – international labour identified • Higher rates have been agreed with clients • Tar
Slide 14: Thank You
THANK YOU MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER For personal use only 02 NOVEMBER 2022
Slide 15: Disclaimer
Disclaimer For personal use only Forward looking statements This release contains certain forward looking statements and forecasts, including in relation to possible or assumed future performance, costs, dividends, rates, prices, revenue, potential growth of MLG Oz Limited, industry growth or other