Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2009 Earnings Presentation
11 slides from Boom Logistics's earnings presentation, Feb 23, 2009
Slide 1: Half Year Results
For personal use only December 2008 Half Year Results
Slide 2: 1H09 Overview
1H09 Overview NPAT increased to $13.8m, up 5% from $13.2m (1H08) • Strong crane hire result with EBIT increase of 63% from $16.8m to $27.5m. For personal use only • Wet hire utilisation has increased to 84% from 72%. • Boom Sherrin achieved margin improvement on 2H08; however further recovery is sti
Slide 3: 1H09 Group results
1H09 Group results For personal use only Change Group 1H08 2H08 FY08 1H09 to 1H08 Revenue 202.4 207.8 410.3 223.7 11% EBITDA 48.8 41.3 90.1 47.9 (2%) EBIT 28.2 19.4 47.5 29.9 6% NPAT 13.2 5.5 18.6 13.8 5% Restated FY08 figures 3 Providers of Lifting Solutions to Australia
Slide 4: Segment results
1H09 Divisional results Change Revenue 1H08 2H08 FY08 1H09 For personal use only to 1H08 Crane Hire 118.1 125.7 243.9 146.3 24% Boom Sherrin 50.4 46.4 96.9 47.3 (6%) James Equipment 33.6 35.5 69.2 29.9 (11%) National Office 0.2 0.2 0.4 0.1 (50%) Group Total 202.4 207.9 410.3 223.7 11% Change EBIT 1H
Slide 5: Results Crane Hire
1H09 Divisional Results Crane Hire • 24% revenue growth on prior year For personal use only James Equipment $30.0m • Fleet of 540 cranes (+ 60 in Boom Sherrin) servicing blue chip Boom Sherrin $46.9m customer base Crane Hire $146.9m • Wet hire revenue growth through improved utilisation • Customer r
Slide 6: Results Boom Sherrin
1H09 Divisional Results Boom Sherrin • 6% revenue reduction on prior year (2% growth on 2H08) For personal use only James Equipment $30.0m • Key market focus on travel towers and high end access Boom Sherrin $46.9m equipment with good pipeline Crane Hire $146.9m • Stabilised management team • Focus
Slide 7: Results James Equipment
1H09 Divisional Results James Equipment • 11% revenue reduction on prior year For personal use only James Equipment $30.0m Boom Sherrin • New crane sales orders in line with budget in 1H09 $46.9m • Lowest Dollar/Yen position in 10 years Crane Hire $146.9m • Lower local demand for used crane sales in
Slide 8: Financial position
1H09 Financial position For personal use only 1H09 FY08 Year Ended 30 June 2008 ($m) Actual Restated • Strong cash flow generation from trading performance and Cash 2.7 1.8 Debtors Days reduction from 66 Receivables 73.2 77.1 to 54 Inventories 30.1 20.6 Assets Held For Sale 7.4 6.2 • Excess cash app
Slide 9: Gross debt position
Gross debt position Debt reduction predominantly For personal use only $ 265.0 m through: $ 260.0 m • Operating cash flow $ 255.0 m • Asset sales $ 250.0 m $ 245.0 m $ 240.0 m $ 235.0 m $ 230.0 m $ 225.0 m $ 220.0 m H108 (Act) H208 (Act) H109 (Act) H209 (Fcst) 9 Providers of Lifting Solutions to Aus
Slide 10: Outlook
Outlook • Crane hire pipeline is still solid across the country. For personal use only • A number of significant project and investment opportunities may require capital investment in higher end cranes and Travel Towers. Lower international demand and the prospective investment allowance makes large
Slide 11: Shareholder enquiries
For personal use only Shareholder enquiries: Brenden Mitchell Iona MacPherson Managing Director Chief Financial Officer 03 9207 2500 03 9207 2500