Slide 1: Full Year Results Presentation
30 June 2017 Full Year Results Presentation August 2017
Slide 2: Results Overview
Results Overview Operating Results Stabilised and Now Returning to Growth Phase Revenue at $150.1m (FY16: $152.3m) Revenue up 6% in second half compared to H2 of FY16 Trading EBITDA at $10.6m (FY16: $11.2m) Trading EBITDA up 36% in second half compared to H2 of FY16 Operating costs down 1%
Slide 3: Market Conditions
Market Conditions Whilst conditions have remained difficult throughout Australia the impact was not uniform: Western Australia has been exceptionally difficult with an over-supply of cranes, particularly in the North West, and reduced spending on resource projects East Coast conditions have im
Slide 4: Market Conditions: East Coast Growth Opportunity
Market Conditions East Coast Growth Opportunity FY17 Revenue on the East Coast grew 11% Boom’s competitive cost structure and service delivery has left it well placed to grow market share in Queensland consolidating current contracts and increasing market share Infrastructure pipeline is solid
Slide 5: Operating Profit
Operating Profit 30-Jun-17 30-Jun-16 Change #039;m #039;m % Revenue from Services (1) 150.1 152.3 -1% 1. Revenue down 1% less: Direct Expenses (2) (109.4) (109.3) 0% Revenue up 6% in the second half with momentum expected to continue into FY18 Gross Profit 40.7 43.0 -5% GP% (3) 27.1% 28.2% 2. Expenses hav
Slide 6: Trading Performance
Trading Performance Revenue Revenue growth achieved in the second half: Revenue growth in second half of 6% above H2 FY16 Revenue growth in second half of 5% above H1 of FY17 – revenue normally stronger in first half of year in line with seasonal trend of work slowing in January and February
Slide 7: Cash Flow Summary
Cash Flow Summary 30-Jun-17 30-Jun-16 mvmt 1. Cash costs associated with non-trading $m $m $m activity was a net outflow of $1.9m in FY17 compared to $5.4m in prior period Trading EBITDA 10.6 11.2 (0.6) less: cash component of non-trading - expense in period (1) (2.1) (1.5) (0.6) 2. Working capital
Slide 8: Balance Sheet Analysis
Balance Sheet Analysis 30-Jun-17 30-Jun-16 mvmt 1. Focus on working capital maintained. Pressure on working capital to be $m $m $m maintained as revenue growth achieved in second half continues into FY18 Cash 2.2 1.8 0.4 2. Asset impairment of $11.7m: Trade and Other Receivables 30.4 29.1 1.3 - $8.9
Slide 9: Revenue Update
Revenue Update Revenue is forecast to grow in FY18 continuing the second half trend Incremental revenue due to the full year impact of contracts won in FY17 – circa $14m Additional coal mine sites in Queensland Olympic Dam smelter shutdown Labour services contract for oil and gas customer
Slide 10: Priorities for FY18
Priorities for FY18 Boom’s priorities for FY18 are: Execute new contracts on time, at cost and without incident to ensure returns flow to shareholders Continue to leverage critical mass in key geographies Continue to develop new market opportunities Expand infrastructure and major project op
Slide 11: Outlook
Outlook Outlook for FY18: East Coast markets are strengthening: Infrastructure activity strong Three new Wind Farm contracts to commence in H1 of FY18 Market remains challenging on West Coast however operating result is expected to improve with consolidation in the South West and reduced ove
Slide 12: Revenue Mix
Revenue Mix BOOM Revenue by Market Segment FY17 % @ Resources - Coal, Copper, Alumina, Iron Ore, Gold, Other Construction and Engineering - Commercial and Infrastructure @ Industrial Maintenance @ Energy & Utilities - LNG, Wind, Power & Water @ Telecommunications Other 11
Slide 13: Fleet Statistics
Fleet Statistics Cranes Travel Towers Other Assets* TOTAL^ WA East Coast WA East Coast WA East Coast At 30 June 2016 Number of Assets 90 223 33 178 N/A N/A Value of Assets (#039;m) 63.1 82.4 7.0 42.9 5.6 9.8 210.8 Year Ended 30 June 2016 Number of Assets Disposed 14 9 2 24 Cash Proceeds on Disposal (#039;
Slide 14: Asset Utilisation
Asset Utilisation Utilisation of assets increased during the year. Crane Capacity FY2016 FY2017 30-Jun-16 30-Jun-17 0 - 25 tonne 82% 84% 26-55 tonne 72% 70% 56-100 tonne 70% 73% 101-199 tonne 63% 66% 200-299 tonne 73% 73% 300 tonne + 87% 88% Travel tower utilisation has increased across all cate
Slide 15: Investor enquiries
Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Tim Rogers Chief Financial Officer 03 9207 2500 14
Slide 16: 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 17: BOOM Logistics
BOOM Logistics Level 1,55 Southbank Boulevard Southbank Victoria 3006 T: +61 3 9207 2500 F: +613 9207 2400 E: info@boomlogistics.com.au www.boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961