Mastermyne Group Limited · ASX:MYE
Mastermyne — Noosa Mining Investor Conference 2021
34 slides from Mastermyne's conference presentation, Nov 12, 2021
Slide 1: Noosa Mining Investor Conference
Noosa Mining Investor Conference For personal use only 12 November 2021 Tony Caruso, CEO & Managing Director 1
Slide 2: Proactive and Integrated Safety Approach
Proactive and Integrated Safety Approach Continuing to monitor wellbeing of our workforce and staff following the For personal use only Crinum Event • Tragic incident at Crinum Mine during September • TRIFR at 4.84 at end of September • Health & Safety approach is built around strong psychological s
Slide 3: Mastermyne Overview and Operational Update
Mastermyne Overview and Operational Update For personal use only 3
Slide 4: Mastermyne Overview
Mastermyne Overview Mastermyne provides mining services specialising in the underground coal mining segment For personal use only • Operating for over 25 years and based in Mackay, Qld with an office in Brisbane Mastermyne key highlights • Operates with two principle revenue streams, Contracting Ser
Slide 5: Financial Overview
Financial Overview Very disciplined and profitable business with a blue chip customer base Key Financials1 For personal use only Revenue EBITDA • Revenue generated through clients operating long life, large scale longwall operations on the lower end of the cost curve $233m $22.3m Inline with FY21 gu
Slide 6: Contracting Services Capabilities Snapshot
Contracting Services Capabilities Snapshot Complete underground service offering supporting production For personal use only Roadway Outbye Products & Ground RTO & Training Development Services Consumables Support • Roadway Development • Conveyor Installations • Supply of Mining • Ground stabilisati
Slide 7: Contract Operations Update
Contract Operations Update Contracting business performed well despite some headwinds For personal use only • Labour headcount increased to 943 at end of September (included Crinum and Cook Operations) • Mastermyne Contracting business remains very stable with no material changes to the order book •
Slide 8: Mine Operations
For personal use only Mine Operations
Slide 9: Mine Operations Overview
Mine Operations Overview An emerging niche opportunity that we are set up to capitalise on For personal use only • Market dynamics has seen significant changes in ownership of assets • New and emerging owners have less underground operating capability and are relying on contract miners • Brings a ma
Slide 10: Crinum Mine Operations Update
Crinum Mine Operations Update Surface work has recommenced at the site For personal use only • Fall of ground occurred approx. 400mtrs down the 800mtr long conveyor drift with the fallen ground contained to a very discrete area of the drifts • Over the past 3 months we have safely remediated several
Slide 11: Cook Colliery Mine Operations Update
Cook Colliery Mine Operations Update Early works progressing well and mining contract being finalised For personal use only • Stage 1 works are well underway to bring the operation out of care and maintenance and transitioning back into production • Well progressed with the Mining Services Contract
Slide 12: Acquisition of PYBAR Mining Services
Acquisition of PYBAR Mining Services For personal use only 12
Slide 13: PYBAR Overview
PYBAR Overview PYBAR provides mining services nationally, specialising in the underground hard rock mining segment For personal use only • Based in Orange, NSW with an office in Sydney and PYBAR key highlights facilities in Perth • Employs over 1,100 people across the businesses 15 $600m+ • Safety v
Slide 14: Capabilities Snapshot
Capabilities Snapshot Complete underground service offering supporting mine development and production For personal use only Mine Mine Cable Bolting & Raiseboring Shotcreting Production Drilling Development Production • Boxcut and portal • Sizeable and flexible fleet of • Boxhole boring machines • B
Slide 15: Equipment Overview
Equipment Overview Plant Category: Type / Size: Qty The acquisition includes a modern fleet of highly valued hard Jumbo Drill Sandvik twin boom jumbo’s including Axera, DD421 16 For personal use only rock mining equipment and DD422i series drills Production Drill Sandvik fleet including Solo 7-15F,
Slide 16: Financial Overview
Financial Overview Key Financials1 High quality, profitable business with a track record of repeat revenue For personal use only FY22F Revenue FY22F EBITDA • Diversified client base with broad distribution of commodity exposures across gold, copper, zinc and lead $270 - 290m $31 - 34m • ~$220m reven
Slide 17: Reinforcing Acquisition Highlights
Reinforcing Acquisition Highlights For personal use only Leading mining services group: Creates a specialised but diversified underground mining services group with the ✓ proposed acquisition of hard rock mining specialist, PYBAR mining services for an enterprise value of $99.0m 1 Leveraging core co
Slide 18: Metarock – A Strategic Transformation
Metarock – A Strategic Transformation For personal use only 18
Slide 19: Metarock Group Limited
Metarock Group Limited A new name for a leading Australian diversified mining services group specialising in underground For personal use only Leading Australian diversified mining services group (MYE:ASX) Mine Operations Coal Contracting Other Services Hard Rock Contracting • Metarock Group Limited
Slide 20: Group Revenue by Segment
Group Revenue by Segment Acquisition of PYBAR delivers on our growth strategy into the hard rock segment For personal use only Mine Operations Coal Contracting Other Services Hard Rock Contracting FY22 $80m Historically runs at between Wilson Mining and Historically runs at between FY23 and beyond $
Slide 21: Leading Underground Australian Mining Services Business with Material Scale
Leading Underground Australian Mining Services Business with Material Scale Materially increased operating scale and leverage through a combined group providing significant opportunities For personal use only 23 Nationwide Operations Operational Highlights Thalanga Eloise CopperMt Mine Isa – Blackro
Slide 22: Diversified Business With a Clear Underground Specialisation
Diversified Business With a Clear Underground Specialisation Building a business with specialised revenue streams across a broader commodity base For personal use only FY22 forecast revenue by segment breakdown1 • Combined group revenues diversified across Hard Combined Group Pro-forma Rock and Coal
Slide 23: Operating Across Commodities With Strong Outlooks
Operating Across Commodities With Strong Outlooks Trends point to increasing numbers of underground mines as surface assets are exhausted For personal use only FY22 forecast revenue by commodity exposure1 • Combined group’s revenues underlying commodity exposures more broadly diversified following t
Slide 24: Material Shift in Outlook
Material Shift in Outlook The full financial extent is realised in FY23 For personal use only • FY22 includes 8 months of PYBAR contribution and ramp up phase of Crinum and Cook Mine Operations Projects • FY23 and beyond we see the full year financial contribution of the PYBAR acquisition • Crinum a
Slide 25: Complimentary High Quality Underlying Customer Bases
Complimentary High Quality Underlying Customer Bases Broader suite of services that can cross over to a broader range of clients For personal use only • PYBAR’s portfolio of high quality clients is highly complimentary to Mastermyne’s existing customer base • Long term relationships with clients acr
Slide 26: Combined group debt profile
Combined group debt profile Debt primarily original equipment manufacturer facilities For personal use only backed by physical assets • Combined group will have up to $57.0m in interest bearing debt on balance sheet, comprised of: ‒ Mastermyne $5.0m equipment finance facility; and ‒ Up to an estimat
Slide 27: Metarock Group FY2022 Outlook
Metarock Group FY2022 Outlook For personal use only
Slide 28: Revised FY22 Outlook
Revised FY22 Outlook Maintaining guidance for combined group post transaction For personal use only • Confirming that the FY22 guidance previously provided for Mastermyne (ex PYBAR) remains unchanged • The company issues guidance as shown below for the combined group, based on realising the 8 months
Slide 29: Corporate Overview
Corporate Overview Co operative parties who are inextricably linked by this transaction For personal use only Shareholder composition Post Transaction Mastermyne Capital structure – Pre Transaction Retail Investors 40% Share price as at 3 September 2021 $1.06 Shares on issue as at 3 September 2021 1
Slide 30: Board
Board PYBAR Chairman and Founder adds significant hard rock experience to the Mastermyne board For personal use only Paul Rouse Non-Executive Director Paul is a founding director of the PYBAR Group and PYBAR September 2021 October December Mining Services. He is a mining engineer with extensive expe
Slide 31: For personal use only
(n mastermyne stronger values. greater results. mining | products | training Mastermyne Group Limited: Level 1 Riverside Plaza, 45 River Street, Mackay QLD 4740 [/ PO Box 1671, Mackay OLD 4740 Email: master@mastermyne.com.au Phone: (07) 4963 0400 Fax: (07) 4944 0822 www.mastermyne.com.au ABN: 96 142
Slide 32: Important Notice & Disclaimers
Important Notice & Disclaimers For personal use only Financial data (cont..) This Presentation contains certain “forward-looking statements”, including but not limited to projections, guidance on future revenues, earnings, margin improvement, other potential synergies and estimates, the timing and o
Slide 33: Important Notice & Disclaimers
Important Notice & Disclaimers For personal use only This investor presentation (Presentation) has been prepared by Mastermyne Group Ltd ACN 142 490 579 (Mastermyne or the Company). This Presentation has been prepared in connection with Mastermyne’s proposed acquisition of Pybar Holdings Pty Ltd ACN
Slide 34: Important Notice & Disclaimers
Important Notice & Disclaimers For personal use only Effect of rounding A number of figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation (including in charts, graphs or tables in the Presentation) are subject to the effect of rounding. Accordingly, the a
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