Slide 1: Full Year Results Presentation
Full Year Results Presentation 30 June 2007
Slide 2: FY2007 Summary
FY2007 Summary Performance • Revenue - $350.0m – increase of 38% • EBITDA - $ 96.2m – increase of 26% • NPAT - $ 36.6m – increase of 11% • NPAT (before amortisation) - $ 38.0m – increase of 13% • EPS (before amortisation) - 22.3 cents Dividend • Final dividend of 5.3 cents (fully franked) – bringing
Slide 3: FY07 Financial Performance
FY07 Financial Performance % • Organic revenue growth of 7%: $ million FY07 FY06 Change 3% Rate Revenue 350.0 253.8 Ï 38% 4% Volume EBITDA 96.2 76.4 Ï 26% Ð NPAT impacts EBITDA % 27.5% 30.1% 2.6% Tower division (1.7) Depreciation 29.3 19.8 Ï 48% Weather impacts (3.7) Amortisation 1.4 0.5 Ï 180% Cust
Slide 4: Annual performance comparatives
Annual performance comparatives $m Revenue $m Operating Cashflow 350 80 300 70 250 60 200 50 40 150 30 100 20 50 10 0 0 2004 2005 2006 2007 2004 2005 2006 2007 EBITDA cents EPS/ DPS $m 100 22 90 20 80 18 16 70 14 60 12 EPS 50 10 DPS 40 8 30 6 20 4 10 2 0 0 2004 2005 2006 2007 2004 2005 2006 2007 4 o
Slide 5: Financial Position
Financial Position FY07 FY06 • Inventories represent crane stock and spare Year Ended 30 June 2007 ($m) Actual Actual parts of James Equipment and GM Baden Cash 9.8 29.9 • Receivables reflect Ï revenues from Receivables 66.0 49.2 acquisitions and organic growth Inventories 21.4 0.3 • Intangibles - i
Slide 6: Cash Flow
Cash Flow FY07 Strong operating cashflow of $72.1m Year Ended 30 June ($m) Actual EBITDA 96.2 Total capex $87.8m. Cash funded portion = $22.0m Net interest (13.2) Income tax paid (9.7) Replacement $39.8m Working capital / other (1.2) Organic growth $48.0m Net operating cash flow 72.1 Total $87.8
Slide 7: Revenue Segmentation
BOOM a vt & 2 Limite BOOM Providers of Lifting Solutions to Australia BOOM SHERRIN Revenue Segmentation 7 of 22
Slide 8: Revenue Segmentation – FY07
Revenue Segmentation – FY07 Market Segmentation Geographic Segmentation Residential “Diverse and balanced revenue streams” 1% Engineering/ Civil VIC Construction NSW 13% 11% 23% Industrial Non Residential Maintenance WA 16% 39% 24% QLD Resources Maintenance 36% 32% TAS Government/ SA 1% Defence 3% 1
Slide 9: Revenue Segmentation – FY07
Revenue Segmentation – FY07 Segmentation by Equipment Wet Hire/ Dry Hire Other Equipment 3% Crane Sales Crane Sales & & Service Service 16% 16% Travel Tower Cranes Wet Hire Dry Hire 11% 47% 60% 24% Access Equipment 9% Heavy Rigging Haulage 6% 8% • Unique bundled service offering • Capital and labour
Slide 10: Acquisition overview
Acquisition overview 10 of 22
Slide 11: FY07 Acquisition Overview
FY07 Acquisition Overview Price Date James Group $59.5m Aug 2006 • Integration has gone well – providing both internal and external benefits • Sales increased 29% in FY07 – exceeding expectations • EBITDA margin declined from 28% to 24% as ‘new’ All terrain crane sales initially discounted GM Baden
Slide 12: Management Structure
Management Structure 12 of 22
Slide 13: Management structure
Management structure Board of Directors Mark Lawrence Replaced Rod Harmon 1 July 2007 Chief Executive Officer James Carr Adam Watson Brian Praetz Iona MacPherson Exec GM Exec GM Chief Chief Sales & Marketing Strategic Development Operating Officer Financial Officer New Appointment FY07 New Appointme
Slide 14: Outlook
BOOM a vt & 2 MITED BOOM Providers of Lifting Solutions to Australia BOOM sHERRIN Outlook 14 of 22
Slide 15: Growth platforms
Growth platforms Overseas Expansion MEDIUM TERM OPTIONS Outsource SHORT James Equipment TERM FOCUS Boom/ Boom Sherrin Cross Selling Boom Sherrin (formerly Sherrin Hire) Boom Logistics 15 of 22
Slide 16: FY08 Outlook
FY08 Outlook • Strong outlook for key sectors – industrials, resources and engineering construction • Solid outlook for non-residential construction • Underlying contracted revenue base • Expanded management team to move the business forward • New initiatives: – Rebranding of ‘Sherrin Hire’ to ‘Boom
Slide 17: Questions
BOOf ctatedet- &* BOOM Providers of Lifting Solutions to Australia BOOM sHERRIN Questions 17 of 22
Slide 18: Contact Details
Contact Details Mark Lawrence Iona MacPherson Managing Director CFO/ Company Secretary Address: Level 12, 390 St Kilda Road MELBOURNE VIC 3004 Phone: (03) 9864 0200 Fax: (03) 9864 0222 18 of 22
Slide 19: Appendix
BOOM a vt & 2 BOOM Providers of Lifting Solutions to Australia BOOM sHERRIN Appendix 19 of 22
Slide 20: Employees, Cranes, Other Equipment
Boom Logistics Sherrin Hire James Group Nebo Middlemount Banjo Canningvale Altona North 1,373 Employees 586 Cranes 2,500 Other Equipment 62 Depots 20 of 22
Slide 21: of
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Slide 22: Sherrin Hire product offering
Sherrin Hire product offering Travel Towers Access Equipment Cranes Material Handlers Energy