Slide 1: FY 2012 Full Year Results Presentation
FY 2012 Full Year Results Presentation August 2012
Slide 2: Presentation Outline
FY 2012 Full Year Results Presentation Outline 1.Key Messages Record profit growth underlines Boom’s strategy 2.Business Strategy and momentum 3.Business Performance FY12 Statutory EBIT of $37.2m 4.Financial Review FY12 Statutory NPAT of $19.7m 5.Business Outlook FY13 Core business revenue growth of
Slide 3: Strong half-on-half profit improvement momentum
Strong half-on-half profit improvement momentum Strong half-on-half profit improvement momentum reflects achievements in repositioning the business over the last 2 years: $m Restructured the business away from metropolitan markets serving the commercial construction sector Increased revenue from our
Slide 4: Key Messages
Key Messages Strong performance in FY12 to deliver a Trading EBIT of $35.5m, up 53% Continued growth in the mining and resources sector which now contributes 62% of total crane logistics revenue $100m 5-year maintenance contract win to provide crane logistics support for BHP Billiton’s existing Olym
Slide 5: Business Strategy
Business Strategy Focused on leading companies in Australia Delivering industrial services utilising operators and equipment ─ cranes, travel towers, transport and other assets ─ for major customers in the mining & resources, energy, utilities and infrastructure sectors BHP Billiton ♦ Rio Tinto ♦ BH
Slide 6: Business Strategy
Business Strategy National presence in attractive market sectors Over 3,000 customers Over 1,150 employees across 45 depots Over 490 cranes and 300 travel towers Proportion of pro forma FY12 core business revenue North Western Australia 20% Servicing the Iron Ore, LNG, Central Queensland Petroleum a
Slide 7: Business Strategy key elements driving growth & returns
Business Strategy 4 key elements driving growth & returns Boom’s strategy is premised on: Safety – for our people, our customers, the community and the environment Shareholder Value – to deliver strong value growth for our shareholders The core elements of our strategy are: Distinct Delivering indus
Slide 8: Strategy Execution
Strategy Execution The last 3 years FY10 FY11 FY12 TRIFR of 28.8 – Reduction of 12% from TRIFR of 23.5 – Reduction of 25% TRIFR of 14.4 – Reduction of 39% Continue our safety the previous year from the previous year from the previous year journey Maintained ISO 9001 & AS4801 towards “zero accreditat
Slide 9: FY12 Business Performance
FY12 Business Performance Financial Highlights FY11 FY12 Growth Revenue from Core Business 1 $284.2m $316.1m 11% Trading EBIT 2 $23.2m $35.5m 53% Trading NPAT $5.4m $18.5m 246% Cash flow from operations & $39.9m $51.7m asset disposals Investment in plant & equipment $33.0m $58.2m Gearing 40% 36% Ret
Slide 10: Return on Capital Employed (ROCE)
FY12 Business Performance Return on Capital Employed (ROCE) ROCE improvement by 3 percentage points driven by strong profit growth: FY11 Trading EBIT $23.2m 53% FY12 Trading EBIT $35.5m FY11 ROCE 5.0% FY11 Capital Employed $437.9m FY12 ROCE 8.0% Net working capital $3.8m Intangible Assets $2.1m 4% N
Slide 11: Operational Highlights
FY12 Business Performance Operational Highlights Strong improvement in crane logistics: 12% revenue growth, 25% EBIT growth Continued growth in the mining and resources sector which now contributes 62% of total crane logistics revenue $100m 5-year maintenance contract win to provide crane logistics
Slide 12: Financial Review FY12: Profit & Loss
Financial Review FY12 Profit & Loss % $m FY11 FY12 change Revenue Crane Logistics 250.3 281.2 12% 11% revenue growth from core business Boom Sherrin 72.9 64.0 (12%) (Crane Logistics and travel towers in Boom Sherrin) Discontinued businesses 16.8 3.5 Operating Revenue 340.0 348.7 3% Strong EBIT growt
Slide 13: Financial Review FY12: Balance Sheet
Financial Review FY12 Balance Sheet 30 June 30 June Statutory $m Movement 2011 2012 Cash 9.1 10.1 1.0 Continued strengthening of the Trade Receivables 57.8 70.0 12.2 balance sheet Income Tax Receivable 8.0 8.0 0.0 ─ Gearing: 36% Inventories 1.4 0.3 (1.1) ─ NTA: 0.52 cents per share Assets Held For S
Slide 14: Financial Review FY12: Cash Flow
Financial Review FY12 Cash Flow Statutory $m FY11 FY12 Movement Net receipts / (payments) 50.2 46.6 (3.6) Strong cash flows maintained Net interest received / (paid) (12.2) (10.2) 2.0 from operating activities Income tax received / ( paid) (3.9) 0.0 3.9 Capital investment to support customer demand
Slide 15: Sustainability
Sustainability Safety, People, Communities, the Environment TRIFR of 14.4 at 30 June 2012 (a 39% reduction from the previous year) as we TRIFR continue our safety journey towards “zero Rolling 12-months harm” Our National Indigenous Employment Framework provides a basis for localised 28.8 strategies
Slide 16: Business Outlook FY13
Business Outlook FY13 Boom’s market fundamentals are strong Despite recent falls in commodity prices, Boom’s customers in the mining and resources sector remain committed to steady increases in output volumes to meet demand in export markets Boom’s sustainable forward earnings are not reliant on new
Slide 17: Appendix
FY12 Full Year Results Presentation Appendix 16
Slide 18: Trading Results by Division FY2011 & FY2012
Trading Results by Division FY2011 & FY2012 1H12 2H12 FY12 $m 1H11 2H11 FY11 1H12 2H12 FY12 pcp pcp pcp Revenue Crane Logistics 124.6 125.7 250.3 137.9 143.3 281.2 11% 14% 12% Boom Sherrin 37.1 35.7 72.9 34.0 30.0 64.0 (8%) (16%) (12%) Discontinued businesses Melbourne tower cranes 6.5 6.8 13.3 3.5
Slide 19: Explanatory Notes
Explanatory Notes Note 1: Trading adjustments •The Statutory EBIT of FY12 was $37.2m. The FY12 Trading EBIT result of $35.5m is a non-IFRS measure that excludes $1.7m ($1.2m after tax) of one-off items, comprising the $2.9m profit on sale of the Melbourne tower crane assets in October 2011 and $1.2m
Slide 20: Investor enquiries
Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Iona MacPherson Chief Financial Officer and Company Secretary 03 9207 2500 19
Slide 21: 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 22: BOOM Logistics
BOOM Logistics Level 6, 5S Southbank Boulevard Southbank Victoria 3006 T: +61 3 9207 2500 F: +61 3 9207 2400 E: info@boomlogistics.com.au www.boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961 BOOM LoOgcietis 1