Slide 1: 1H FY23 Results
1H FY23 February 2023 Ben Pieyre (Interim CEO) | Manny Bikakis (CFO) ASX: BOL
Slide 2: Our Profile
Our Profile Our Mission Our Business Our Operating Segments At Boom, we deliver safe lifting solutions, with scale and 800 precision, every time. employees, 400 full- Managing risk and complexity time and 400 flexible Mining & Wind, Energy, with confidence – that’s the workforce Resources Utilities
Slide 3: Boom's Fleet
Boom’s Fleet Boom’s fleet consists of 350+ assets & specialised equipment items; the largest fleet of its kind in Australia Up to 40 tonne 400, 500 & 750 tonne Up to 100 tonne Up to 55 tonne Up to 750 tonne 50 to 100 tonne 110 to 220 tonne 18 to 70 metres 250 to 350 tonne ASX: BOL Boom Logistics 1H
Slide 4: Key Highlights
Key Highlights 1H FY23 HSE • Total Recordable Injury Frequency Rate (TRIFR) improved to 6.6 per million hours worked and Zero Lost Time Injuries. Operations • Strong demand across all key segments. • Strong contract and tender activity with > $78m of new & renewed contracts secured. Financial • Reve
Slide 5: Our Key Market Segments
Our Key Market Segments Drives a diversified revenue stream $11M $12M Bango & $20M $17M Coopers Gap $47M 1H FY23 1H FY22 $100m $55M $124m $10M $16M $17M $18M BHP SCM21 Mining & Resources Infrastructure Mining & Resources Mining Non−Recurring Wind, Energy & Utilities Industrial & Telecoms Infrastruct
Slide 6: People, Values & Community
People, Values & Community Our people drive our business Our Values differentiate our business. They guide our Our People are our strength. We strive to retain and decisions, our behaviours and the way we do recruit the best talent to ensure safety, performance and business. growth including our com
Slide 7: Safety
Safety Positive safety culture across the business. ZERO LTI’s last 18 months • Total Recordable Injury Frequency Rate (TRIFR) of 6.6 per million hours worked and zero Lost Time Injuries. SAOFR TRIFR • Boom’s safety performance is a key operational metric, with ongoing focus on Safe Act Observations
Slide 8: ESG
ESG Participating in the transition to a low carbon future • ESG Charter developed, formalising our commitment to sustainable initiatives to reduce our carbon footprint and emission targets • Our first electric operated “E-Power Pack” mobile crane to be delivered in 2H FY23 • We are working closely
Slide 9: Financial Performance
Financial Performance ASX: BOL Boom Logistics 1H FY23 Results | February 2023 9
Slide 10: Operating Results
Operating Results Revenue $M EBITDA $M • Revenue of $99.5 million, down on 1H FY22 (‘pcp’) as previously guided, due $123.5 $22.3 to the completion of three major $20.0 projects in FY22 (c.$37.5 million) and delays in new project $99.5 $17.7 commencements. $84.2 • Trading EBITDA# of $20 million, dow
Slide 11: Operating Results
Operating Results Timing of Major Projects overshadowed the performance of the underlying business ($M) 123.5 18.0 1.1 1.1 99.5 19.5 7.3 86.5 8.4 1H’FY22 Major Projects Completions 86.5 1H FY21 1H FY22 OD SCM21 Bango & 1H FY22 Mining & Wind, Energy, Infrastructure Industrial and 1H FY23 Underlying C
Slide 12: Cash & Balance Sheet
Cash & Balance Sheet Cash generation used to invest in new business opportunities Cash from operations $M Net Assets $M • Consistent year on year cash generated from operations. $23.4 $111.7 $110.2 $111.7 • Increase in finance & operating leases used to fund investment in $19.2 new assets. • Increas
Slide 13: Operational Update
Operational Update ASX: BOL Boom Logistics 1H FY23 Results | February 2023 13
Slide 14: Mining & Resources
Mining & Resources 1H FY23 overview Mining & Resources: HoH Northwest Iron Ore, WA • Revenue was down due primarily to Revenue, $M Non−recurring revenue BHP’s SCM21 shutdown (c. $18m revenue in 1H FY22). $65.0 • Underlying business grew by $8.4 million $18.0 +13% with increased activity in WA and th
Slide 15: Wind, Energy & Utilities
Wind, Energy & Utilities 1H FY23 overview Wind, Energy & Utilities: HoH Bango Wind Farm - NSW • Revenue was down $12.2 million Revenue, $M Non−recurring revenue for 1H FY23 as a result of the timing of two Wind Farm projects (Bango & Coopers $29.3 Gap) completed 1H FY22. • The Clarke Creek Wind Farm
Slide 16: Infrastructure
Infrastructure 1H FY23 overview Infrastructure: HoH Snowy 2.0 Project - NSW • Revenue was down $1.1 million Revenue, $M compared to pcp, primarily impacted by delays at Snowy 2.0 project. $16.8 $15.6 • Other underlying improvement in revenues consisted of new projects such as: Cross River Rail (QLD)
Slide 17: Industrial & Telecoms
Industrial & Telecoms 1H FY23 overview Industrial & Telecoms: HoH Enebba WA – Warradarge Wind • Revenue was down $1.1 million Revenue, $M Farm – Powerlines Plus compared to pcp on the back of lighter $13.9 activity across the general market. $12.4 $11.4 • ESSO offshore maintenance contract in Gippsl
Slide 18: Outlook and Investment Case
Outlook and Investment Case ASX: BOL Boom Logistics 1H FY23 Results | February 2023 18
Slide 19: Our Market Opportunities
Our Market Opportunities Strong demand across all key segments with recent new contract winds to drive performance Mining support services works Wind farm construction Mining planned is circa $37B* over the Renewables projects planned is circa next 3 years, driven by strong $5B* over the next 3 year
Slide 20: Outlook
Outlook Strong tender activity across all sectors Execution of recent contract wins expected to continue to grow the underlying business Weather & supply chain delays in 1H FY23 projects to be recognised in 2H FY23 Continued reinvestment in the business to increase competitive advantage, tender for
Slide 21: Appendix 1. Case Studies
Appendix 1. Case Studies ASX: BOL Boom Logistics 1H FY23 Results | February 2023 21
Slide 22: Case Study: Mining
Case Study: Mining BHP Mount Arthur Coal CHPP Major Shutdown BHP MAC CHPP Major Annual Shutdown completed in November 2022 Boom Logistics provided all lifting services for major shutdown, services included: • 28 cranes supplied throughout shutdown • 4x dedicated CAT3 supervisors, dedicated lift plan
Slide 23: Case Study: Renewables
Case Study: Renewables Gunning Wind Farm Maintenance Boom provided crane services to Gunning Wind Farm in NSW to assist with regular maintenance on turbines. Boom provided the cranes and our experienced Heavy Lift crews on site to assist with change outs on blade bearings, gear boxes and generators.
Slide 24: Case Study: Energy
Case Study: Energy FMG Transmission Line Installation The Transmission Towers and Stringing adjacent to FMG Rail Access Road East of Port Hedland WA Boom provided 7 x Travel Towers and Operators ranging from 46 metre to 53 metre: • Stage 1&3 180 kilometres • Duration 24 months • 340 transmission tow
Slide 25: Case Study: Infrastructure
Case Study: Infrastructure Snowy Hydro 2.0 Boom continued supply of our 750T crawler crane on the Snowy Hydro 2.0 project. Boom was contracted to lift and assist with the assembly of all 4 tunnel boring machines (TBM’s) being used on the Project: • 3 TBM’s have already been lifted into place, and ou
Slide 26: Appendix 2. Financials
Appendix 2. Financials ASX: BOL Boom Logistics 1H FY23 Results | February 2023 26
Slide 27: Financials – Profit & Loss
Financials – Profit & Loss 31-Dec-22 31-Dec-21 Change P&L #039;m #039;m #039;m Revenue 99.5 123.5 (24.0) Operating Costs (79.5) (101.2) 21.7 EBITDA 20.0 22.3 (2.3) Depreciation and Amortisation (16.7) (17.9) 1.2 EBIT* 3.3 4.4 (1.1) (Loss) / Profit on Sale of Assets (0.3) 0.2 (0.5) Net Borrowing Costs (2.2) (
Slide 28: Financials – Balance Sheet
Financials – Balance Sheet 31-Dec-22 30-Jun-22 Change Balance Sheet #039;m #039;m $m Cash 2.2 2.4 (0.2) Trade and Other Receivables 41.6 41.5 0.1 Other Assets 5.1 3.0 2.1 Property Plant and Equipment 99.9 107.7 (7.8) Right of Use Asset 57.4 36.2 21.2 Total Assets 206.2 190.8 15.4 Payables 16.6 14.9 1.7 Bo
Slide 29: Financials – Cash Flows
Financials – Cash Flows 31-Dec-22 31-Dec-21 Change Cash Flow #039;m #039;m $m EBITDA 20.0 22.3 (2.3) Movement in working capital 1.3 2.7 (1.4) Interest paid (cash net of interest received) (2.1) (1.6) (0.5) Cash flow from operations before tax 19.2 23.4 (4.2) Income tax (paid) 0.0 (1.1) 1.1 Net cash provi
Slide 30: 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 31: For further information
For further information Corporate Investors Manny Bikakis Craig Sainsbury Boom Logistics Limited (ASX: BOL) Chief Financial Officer Automic Group Suite B Level 1 55 Southbank Boulevard SOUTHBANK VIC 3006 +61 3 9207 2500 +61 428 550 499 Telephone +61 3 9207 2500 craig.sainsbury@automicgroup.com.au in