Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2016 Earnings Presentation
15 slides from Boom Logistics's earnings presentation, Feb 17, 2016
Slide 1: Half Year Results Presentation
31 December 2015 Half Year Results Presentation February 2016
Slide 2: Results Overview
Results Overview DRAFT ONLY Results consistent with December 2015 ASX update Trading EBITDA of $6.7m, compared to $2.6m in H2 of FY15 and $12.0m in H1 of FY15 Cost saving initiatives successful with higher gross margin achieved on lower revenue – gross margin of 29.3% versus 28.1% in H1 of FY15
Slide 3: Half Year Operating Profit
Half Year Operating Profit DRAFT ONLY 31-Dec-15 31-Dec-14 Change $'m $'m % 1. Cost reduction and restructuring initiatives Revenue from Services 79.9 113.7 -30% have driven efficiencies and gross margin less: Direct Expenses (56.5) (81.8) -31% improvement Gross Profit 23.4 31.9 -27% GP% (1) 29.3% 28
Slide 4: Half Year Trading Performance
Half Year Trading Performance DRAFT ONLY Revenue Revenue has declined in the period due to: Closure of unprofitable depots over the current and previous periods – circa $14.6m Resources customers responding to market conditions by reducing demand, particularly in the coal sector – circa $9.7m
Slide 5: Cash Flow Summary
Cash Flow Summary DRAFT ONLY 31-Dec-15 31-Dec-14 mvmt $m $m $m 1. Cash costs associated with non- trading activity were $4.5m in Trading EBITDA 6.7 12.0 (5.3) period compared to $4.0m in prior period less: non-trading - expense in period (1) (0.9) (1.3) 0.4 less: non-trading - cash outflow for restr
Slide 6: Balance Sheet Analysis
Balance Sheet Analysis DRAFT ONLY 31-Dec-15 30-Jun-15 mvmt 1. On going focus on working capital $m $m $m management in challenging business environment Cash 1.3 7.0 (5.7) 2. Asset value decreased due to asset Trade Debtors (1) 28.9 40.6 (11.7) sales in period ($11.2m); impairment of Assets Held for
Slide 7: Priorities for H2 FY16
Priorities for H2 FY16 DRAFT ONLY Boom’s priorities for the second half of FY16 are: Revenue Growth To capitalise on new revenue opportunities with a particular focus on growing revenue in the infrastructure sector, broadening our revenue base in the Queensland market and capitalising on new custo
Slide 8: Priorities for H2 FY16
Priorities for H2 FY16 DRAFT ONLY Boom’s priorities for the second half of FY16 are: Funding Continue momentum with asset sales program to further reduce debt: Focus on disposal of non-core transport assets included in assets held for sale; and Continued focus on phasing and executing sales pr
Slide 9: Outlook
Outlook DRAFT ONLY Outlook for H2 of FY16: Market conditions expected to remain extremely tough with no prospect of rate recovery in the short term Rate of revenue regrowth dependent on the pace of success in tender opportunities and the timing of new projects Competitive cost structures to dr
Slide 10: Revenue Mix
Revenue Mix DRAFT ONLY Revenue by Market Segment YTD Dec 31 Resources - Coal, Copper, Alumina, 2% 7% Iron Ore, Gold, Other Construction and Engineering - 12% Commercial and Infrastructure Energy and Utilities - LNG, Wind, 48% Power & Water Industrial Maintenance 15% Telecommunications 16% Other 9
Slide 11: Fleet Statistics
Fleet Statistics DRAFT ONLY Cranes Travel Towers Other Assets* Total^ West Coast East Coast West Coast East Coast West Coast East Coast At 30 June 2015 Number of Assets 104 242 35 202 N/A N/A Value of Assets ($'m) 80.1 99.1 6.6 50.9 10.6 14.8 262.1 Year Ended 30 June 2015 Number of Assets Disposed 2
Slide 12: Asset Utilisation
Asset Utilisation DRAFT ONLY Movement in crane utilisation reflects both asset sales and patterns of demand from customers Sales of cranes with capacity less than 55 tonnes is driving the increase in utilisation Utilisation of cranes with capacity 56-199 tonnes has dropped as a result of level
Slide 13: Investor enquiries
DRAFT ONLY Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Tim Rogers Chief Financial Officer 03 9207 2500 12
Slide 14: Disclaimer
DRAFT ONLY 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 wor
Slide 15: BOOM Logistics
BOOM Logistics Level 6, 55 Southbank Boulevard Southbank Victoria 3006 T: +613 9207 2500 F; +613 9207 2400 E: info@boomlogistics.com.au www. boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961