Boom Logistics Ltd · ASX:BOL
Boom Logistics — Shareholder Meeting (November 2024)
37 slides from Boom Logistics's shareholder meeting presentation, Nov 22, 2024
Slide 1: 2024 AGM Presentations and Automic Invest 2024 Conference
22 November 2024 Market Announcements Office ASX Limited 2024 AGM Presentations and Automic Invest 2024 Conference For personal use only Boom Logistics Limited (ASX:BOL) attaches the following documents ahead of the Annual General Meeting (AGM) which will be held today 22 November 2024 at 11:00am (A
Slide 2: AGM Address: Chair's Address and Managing Director's Address
22 November 2024 Market Announcements Office ASX Limited AGM Address CHAIR’S ADDRESS I’d like to commence this morning with a quick recap of who we are and the scale of our operations. For personal use only Boom is Australia’s leading provider of crane logistics and heavy-lifting solutions utilising
Slide 3: People, Values & Community; FY24 Key Highlights
We executed on opportunities across our core markets with a number of tender wins, and we improved operational efficiencies. These efforts resulted in strong operational and financial performance for the financial year. We expect further growth in FY25. People, Values & Community A bit about our peo
Slide 4: FY25 Outlook and Strategic Delivery FY24
Looking ahead to FY25 we expect to grow NPAT 21% year on year to $8 million, with revenue at $263m and EBITDA at $50 million due to strong demand and tender activity across all key segments. Strategic Delivery – FY24 We continued to execute our strategy in FY24. We delivered on our improvement journ
Slide 5: Return on net assets initiatives and forward-looking statements
Boom’s return on net assets is intended to grow through the following key initiatives: • Strategic business turnarounds through restructuring efforts implemented • Investment in growth assets in key markets such as Renewables • Pricing efficiency & cost management initiatives underway -ends- This re
Slide 6: Annual General Meeting 22 November 2024
RESOURCES INFRASTRUCTURE RENEWABLES RENEWABLES INFRASTRUCTURE For personal use only RESOURCES INDUSTRIALS Annual General Meeting 22 November 2024 ASX: BOL
Slide 7: Board of Directors and Management Team
Board of Directors and Management Team For personal use only Kieran Pryke Damian Banks Stephen Grove James Scott Independent, Non-Executive Independent, Non-Executive Non-Independent, Independent, Non-Executive Director Non-Executive Director Director Chair Ben Pieyre Manny Bikakis Reuben David Chie
Slide 8: Agenda
Agenda For personal use only 1. Chair’s Address 2. CEO’s Presentation and Questions 3. Formal Business and Questions 3
Slide 9: Chair's Address
Chair’s Address For personal use only Kieran Pryke Independent, Non-Executive Chair 4
Slide 10: Who We Are
Who We Are Boom Logistics is Australia’s leading provider of crane logistics and heavy-lifting solutions, servicing the resources, renewables, infrastructure, and industrials sectors. With a strategically positioned fleet of cranes, travel towers and lifting equipment, Boom For personal use only del
Slide 11: Our Competitive Advantage
Our Competitive Advantage Competitive Advantage For personal use only Strong relationships with clients in key industries, offering tailored lifting and logistics solutions Skilled workforce with deep technical expertise, delivering consistent and reliable performance Industry - leading safety
Slide 12: CEO's Address
CEO’s Address For personal use only Ben Pieyre Chief Executive Officer & Managing Director 7
Slide 13: People, Values & Community
People, Values & Community Our Values differentiate our business. They guide our Our People are our strength. We strive to retain and recruit the decisions, our behaviours and the way we do business. best talent to ensure safety, performance and growth including For personal use only our commitment
Slide 14: Health and Safety Commitment
Health and Safety Commitment Boom Logistics’ commitment is centered on maintaining a safe and healthy workplace through communication and transparency, by integrating our Life-Saving Rules (LSR), proactive in-field leadership, advanced digital safety software, and ISO For personal use only 45001 cer
Slide 15: Key FY24 Highlights
Key FY24 Highlights Revenue EBITDA NPAT For personal use only $259.2m $45.9m $6.6m +26% vs FY23 +17% vs FY23 vs loss of ($5.2m) in FY23 Gearing ratio Contract Wins Capital return 41.4% $186m c.$1.2m Strong focus on Via on-market Secured new Tier 1 debt resources and buyback facility with NAB renewab
Slide 16: Strategic Delivery – FY24
Strategic Delivery – FY24 Boom continues to execute strategies to drive profitability and enhance shareholder returns Strategy Strategic Focus Target Executed in FY24 For personal use only Shareholder Value Strengthen the balance sheet and improving Delivered: Revenue $259m, EBITDA $45.9m & NPAT $
Slide 17: Strategic Execution – FY25 Priorities
Strategic Execution – FY25 Priorities Boom continues to execute strategies to drive profitability and improve shareholder returns Strategy Strategic Focus To be executed in FY25 For personal use only Shareholder Value Continue to improve RoNA. Deliver: $263m Revenue, $50m EBITDA & $8m NPAT (+21%)
Slide 18: Strategy targeting 15% Return on Net Assets (RoNA)
Strategy targeting 15% Return on Net Assets(RoNA*) Execution of Boom’s plan is aimed at improving Boom’s returns & cashflow For personal use only Boom’s strategy is driving key operational performance improvements and a continuation of its strategic turnaround. Boom’s RoNA improvement will be delive
Slide 19: Questions
For personal use only Questions 14
Slide 20: Formal Business
For personal use only Formal Business 15
Slide 21: Voting Instructions
Voting Instructions For personal use only 16
Slide 22: Item 1: Financial Statements and Reports
Item 1: Financial Statements and Reports To receive and consider the Company’s audited financial statements and reports for the year ended 30 June 2024. For personal use only Empowering Industries. Building Futures. One lift at a time. 17
Slide 23: Item 2: Adoption of Remuneration Report
Item 2: Adoption of Remuneration Report To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That the Remuneration Report for the year ended 30 June 2024 be adopted.” Empowering Industries. Building Futures. One lift at a time. 18
Slide 24: Proxy Voting Results: Adoption of Remuneration Report
Proxy Voting Results: Item 2 (Adoption of Remuneration Report) Number of Votes % of Votes For personal use only FOR 155,098,709 87.88% AGAINST 21,203,357 12.01% OPEN – Chair 1 188,760 0.11% ABSTAIN 191,526 - 1. Chair’s discretionary votes Note: These figures relate to the proxies lodged 48 hours pri
Slide 25: Item 3: Re-election of Director – Mr Kieran Pryke
Item 3: Re-election of Director – Mr Kieran Pryke To consider and, if thought fit, pass the following as an ordinary resolution: For personal use only “That Kieran Pryke, who retires by rotation under rule 5.1 of the Company’s Constitution, and being eligible, be re-elected as a Director of the Comp
Slide 26: Proxy Voting Results: Re-election of Director
Proxy Voting Results: Item 3 (Re-election of Director – Mr Kieran Pryke) Number of Votes % of Votes For personal use only FOR 234,147,104 98.70% AGAINST 2,866,830 1.21% OPEN – Chair 1 214,760 0.09% ABSTAIN 661,026 - 1. Chair’s discretionary votes Note: These figures relate to the proxies lodged 48 h
Slide 27: Item 4: Grant of Rights to the Managing Director
Item 4: Grant of Rights to the Managing Director To consider and, if thought fit, pass the following resolution as an ordinary resolution: For personal use only “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, approval be given for the issue of the following Rights to th
Slide 28: Proxy Voting Results: Grant of Rights to the Managing Director
Proxy Voting Results: Item 4 (Grant of Rights to the Managing Director) Number of Votes % of Votes For personal use only FOR 226,795,808 96.02% AGAINST 9,284,397 3.93% OPEN – Chair 1 105,760 0.04% ABSTAIN 319,026 - 1. Chair’s discretionary votes Note: These figures relate to the proxies lodged 48 ho
Slide 29: Item 5: Adoption of the New Constitution
Item 5: Adoption of the New Constitution To consider and, if thought fit, pass the following resolution as a special resolution: For personal use only "That, for the purposes of section 136(2) of the Corporations Act and for all other purposes (including, without limitation, all purposes under the C
Slide 30: Proxy Voting Results: Adoption of New Constitution
Proxy Voting Results: Item 5 (Adoption of New Constitution) Number of Votes % of Votes For personal use only FOR 192,227,656 81.09% AGAINST 44,631,741 18.83% OPEN – Chair 1 181,427 0.08% ABSTAIN 848,896 - 1. Chair’s discretionary votes Note: These figures relate to the proxies lodged 48 hours prior
Slide 31: Item 6: Share Consolidation
Item 6: Share Consolidation To consider and, if thought fit, pass the following resolution as an ordinary resolution: For personal use only "That, for the purposes of section 254H of the Corporations Act and for all other purposes (including, without limitation, all purposes under the Existing Const
Slide 32: Proxy Voting Results: Share Consolidation
Proxy Voting Results: Item 6 (Share Consolidation) Number of Votes % of Votes For personal use only FOR 187,243,879 78.81% AGAINST 50,145,555 21.11% OPEN – Chair 1 188,760 0.08% ABSTAIN 311,526 - 1. Chair’s discretionary votes Note: These figures relate to the proxies lodged 48 hours prior to the me
Slide 33: Item 7: Further on-market share buy-back
Item 7: Further on-market share buy-back To consider and, if thought fit, pass the following resolution as an ordinary resolution: For personal use only "That, for the purposes of section 257C of the Corporations Act and for all other purposes, Shareholders authorise and approve the on-market buy-ba
Slide 34: Proxy Voting Results: Further on-market share buy-back
Proxy Voting Results: Item 7 (Further on-market share buy-back) Number of Votes % of Votes For personal use only FOR 185,856,007 78.21% AGAINST 51,601,173 21.71% OPEN – Chair 1 188,760 0.08% ABSTAIN 243,780 - 1. Chair’s discretionary votes Note: These figures relate to the proxies lodged 48 hours pr
Slide 35: Item 8: Approval of 10% placement capacity
Item 8: Approval of 10% placement capacity To consider and, if thought fit, pass the following resolution as a special resolution: For personal use only "That, under and in accordance with ASX Listing Rule 7.1A and for all other purposes, Shareholders approve the issue of Equity Securities up to 10%
Slide 36: Proxy Voting Results: Approval of 10% placement capacity
Proxy Voting Results: Item 8 (Approval of 10% placement capacity ) Number of Votes % of Votes For personal use only FOR 176,610,143 74.34% AGAINST 60,780,686 25.58% OPEN – Chair 1 175,427 0.07% ABSTAIN 323,464 - 1. Chair’s discretionary votes Note: These figures relate to the proxies lodged 48 hours
Slide 37: Meeting Close
For personal use only Meeting Close 32