Mlg Oz Ltd · ASX:MLG
Mlg Oz — Bell Potter Unearthed Conference 2024
12 slides from Mlg Oz's conference presentation, Feb 12, 2024
Slide 1: Unearthed conference
Unearthed conference Chief Financial Officer and Company Secretary For personal use only 12 February 2024
Slide 2: Disclaimer
Disclaimer Forward looking statements This release contains certain forward looking statements and For personal use only forecasts, including in relation to possible or assumed future performance, costs, dividends, rates, prices, revenue, potential growth of MLG Oz Limited, industry growth or other
Slide 3: About MLG – Integrated Mine Site Services
ABOUT MLG – INTEGRATED MINE SITE SERVICES BENEFIT OF INTEGRATED MODEL MINE • Single service provider SITE QUARRY ASSETS For personal use only • Single contractual management touch point Site Construction MINE Services MINE • Reduced duplication (single Materials SITE SITE workshop, shared equipment)
Slide 4: Revenue exposure is primarily in the gold sector
REVENUE EXPOSURE IS PRIMARILY IN THE GOLD SECTOR • Primarily supporting the gold industry • Expertise across all metals For personal use only • Long term relationships weighted toward low-cost primary mining activity • Ancillary mining exposure typically over shorter term Construction Materials 8.3%
Slide 5: Strategically located sources of construction material
STRATEGICALLY LOCATED SOURCES OF CONSTRUCTION MATERIAL For personal use only STRATEGICALLY LOCATED SITES ENSURE ACCESS TO HIGH VOLUME OF CONSTRUCTION MATERIAL 5 - Materially increasing demand for volume - Forms key integration with our client needs - Capacity to expand - 100% MLG controlled 1 2 - Ke
Slide 6: MLG continues to experience high demand for its services
MLG CONTINUES TO EXPERIENCE HIGH DEMAND FOR ITS SERVICES For personal use only “Expansion of production across Western Australia’s gold producers driving a material increase in demand”. 6
Slide 7: Expansion of processing capacity driving significant demand
EXPANSION OF PROCESSING CAPACITY DRIVING SIGNIFICANT DEMAND Leonora and Laverton District NOW Gold Processing Capacity 10 11.5 34.7 mtpa mtpa For personal use only Years ago Jundee Expanded +1.3m Wiluna Same - Bellevue New +1.8m Agnew Expanded +0.2m Rosemont New +1.5m Moolart Well Same - Garden Well
Slide 8: The FY2023 financial year finished strongly
THE FY2023 FINANCIAL YEAR FINISHED STRONGLY Statutory Revenue $383.8m +32.4% ($289.8m FY22) 1. Delivered continued strong revenue growth, For personal use only Underlying EBITDA 2. Increased the number of MLG employees (June 23) by 30% , $38.1m +27.0% 27.0% 3. Improved our productivity and utilisati
Slide 9: Increase in headcount is driving improved productivity
INCREASE IN HEADCOUNT IS DRIVING IMPROVED PRODUCTIVITY Higher number of operators and road train drivers increases utilisation of equipment and therefore production volumes which in turn increases revenue For personal use only FY2023 FY2024 • 40.0% increase in 1000 45.00% 916 912 headcount to Sept 2
Slide 10: FY2023 debt profile – 90% of financial debt is equipment finance
FY2023 DEBT PROFILE – 90% OF FINANCIAL DEBT IS EQUIPMENT FINANCE Higher profitability and sale of high-capacity crushing plants has resulted in Working Capital lower gearing position Overdraft 10% F I NANCIAL L I ABI LI TIES For personal use only Finance Companies 14% 15.7% Big Four Banks 44% Equip
Slide 11: H1 financial results announcement on February 2024
H1 FINANCIAL RESULTS ANNOUNCEMENT ON 20 FEBRUARY 2024 As per AGM Update in October 2023 - Margins improved over Q1 • Margin delivery in Q1 trending above FY23 second half run rate For personal use only • Revenue higher than pcp • Majority of projects delivering more consistently • Strong utilisation
Slide 12: Unearthed conference
Unearthed conference Chief Financial Officer and Company Secretary For personal use only 12 February 2024