Slide 1: FY17 Full Year Results Presentation
FY17 Full Year Results Presentation For personal use only August 2017 Tony Caruso – CEO & Managing Director Liz Blockley – Chief Financial Officer Slide 1
Slide 2: Overview
Overview For personal use only • Company is well positioned as we come through a tough cycle • Order book has increased significantly through new contracts secured in H2 • Continuing to see strong demand for contract services and equipment • Forecasting significant financial improvement in FY18 Slid
Slide 3: Stronger second half continuing into FY18
Stronger second half continuing into FY18 For personal use only • Second half underlying profit • Employee numbers increased 47% from 511 to 752 in H2 • Fleet utilization rates back to average historical levels of 80%+ • A restructured Mastertec delivered stronger H2 performance • Overheads remained
Slide 4: Maintained strong financial position which will support upcoming growth
Maintained strong financial position which will support upcoming growth For personal use only • Strong cash generated in H2 Debt Profile FY17 and will continue in FY18 $20 • Restructured Finance facility MILLIONS (AUD) $15 $10 increases working capital and $5 $0 supports growth (the restructure FY15
Slide 5: Safety Continues to be a core focus
Safety Continues to be a core focus For personal use only • Majority of project sites TRIFR and Hours Worked achieved 0 TRIFR over the year 2000000 25 • Increased leading indicators 20 1500000 demonstrate continued 15 1000000 10 500000 proactive focus to reduce 5 injuries 0 0 FY2013 FY2014 FY2015 FY
Slide 6: Mining Division secures new contracts
Mining Division secures new contracts For personal use only • Mining Division continued strong performance through H2 • Significant scope expansion at Moranbah North mine; 2 roadway development panels (approx. 130 personnel) • Mobilising roadway development contract at Appin Mine (approx. 120 person
Slide 7: Mastertec restructured for profitability
Mastertec restructured for profitability For personal use only • Operations consolidated around core strengths in scaffolding and protective coating services • Secured 3 year South32 Illawarra Scaffolding Services Contract and a 12 month extension at DBCT in QLD • Exited underperforming / non-core r
Slide 8: Order book has increased significantly
Order book has increased significantly For personal use only • Total order book increased 120% to $280+ million, since the end of FY16 • Maintained strong Tier 1 customer base • No reduction in contracts • Customer diversification through recent contracts • Further development tenders pending award
Slide 9: Order book Tier Customers
Order book Tier 1 Customers For personal use only Slide 9
Slide 10: Outlook is a return to profit
Outlook is a return to profit For personal use only Forecast Employee Numbers 1200 • FY17 Q4 run-rate shows return to profit 1000 • Demand for equipment forecast to remain strong 800 throughout the year 600 400 • Manning numbers are expected to exceed 1000 200 by December 2017 0 • FY18 revenue guida
Slide 11: Summary
Summary For personal use only • Company has emerged from a tough cycle with a strong balance sheet • Order book has increased significantly through new contracts secured in H2 • Continuing to see strong demand for contract services and equipment • Forecasting significant financial improvement in FY1
Slide 12: Appendices
For personal use only Slide 12 Appendices
Slide 13: Corporate Overview
Corporate Overview For personal use only Capital Structure Substantial Shareholders Share price as at 4 August 2017 ($) 0.47 Andrew Watts 13.46% Shares on issue (m) 91.1 Kenneth Kamon 11.94% Market cap ($m) 42.8 Darren Hamblin 10.60% Net Debt as at 30 June 2017 ($m) 10.0 Maui Capital 6.90% Enterpris
Slide 14: Mastermyne FY17 Income Statement
Mastermyne FY17 Income Statement For personal use only $AUD (000's) FY17 FY16 Change(%) Total Revenue 124,162 168,434 (26.3%) Statutory EBITDA 4,770 1,368 248.6% EBITDA % 3.8% 0.8% 3.0% Statutory profit/(loss) before tax (2,881) (15,041) 80.8% Tax benefit/(expense) 771 1,855 (58.4%) Statutory profit
Slide 15: Mastermyne FY17 Cash Flow
Mastermyne FY17 Cash Flow For personal use only $AUD (000's) FY17 FY16 EBITDA (Statutory) 4,770 1,368 Movements in Working Capital 462 (2,566) Non cash items 704 2,032 Interest Costs (576) (907) Income tax receipts / (payments) 92 454 Net Operating Cash Flow 5,452 381 Net Capex (includes intangibles
Slide 16: Mastermyne FY17 Balance Sheet
Mastermyne FY17 Balance Sheet For personal use only $AUD (000's) Jun-17 Jun-16 Assets Cash and cash equivalents 1 1,836 Trade and other receivables 29,454 29,084 Inventories 2,684 3,408 Current Tax Assets 202 226 Total current assets 32,341 34,554 Deferred Tax Asset 9,285 8,579 Property, plant and e
Slide 17: Disclaimer and Important Notice
Disclaimer and Important Notice The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are For personal use only advised to read this disclaimer carefully before reading or making any other us
Slide 18: Contact
CONTACT For personal use only www.mastermyne.com.au Information for Investors / Analysts: Tony Caruso – Managing Director: (07) 4963 0400 Liz Blockley– CFO / Company Secretary: (07) 4963 0400