Mastermyne Group Limited · ASX:MYE
Mastermyne — H1 FY2011 Earnings Presentation
20 slides from Mastermyne's earnings presentation, Feb 28, 2011
Slide 1: Mastermyne Group FY2011 Half Year Results Presentation
For personal use only Mastermyne Group Limited FY2011 Half Year Results Presentation March 2011 Tony Caruso – CEO & Managing Director Chris Kneipp – Financial Controller
Slide 2: Disclaimer
Disclaimer The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other use of this presentation or any information F
Slide 3: Contents
Contents For personal use only Results Overview HY2011 Financial Review Operational Review Outlook and Summary
Slide 4: Results Overview
For personal use only Results Overview HY2011 Financial Review Operational Review Outlook and Summary
Slide 5: Results Overview
Results Overview Safety Performance For personal use only Continuing to reduce the number of injuries across the business Exposure hours have increased by approx 40% month on month since June Financial Performance Combined Group Revenue was $73.63 million up 59.6% on previous corresponding perio
Slide 6: Results Overview
Results Overview Operational For personal use only Increase in the overall manning numbers from 564 employees at the end of June to 764 at the end of December Increased workforce on most major projects All equipment fully utilised on Mastermyne Projects or on external hire Hunter Valley unde
Slide 7: HY2011 Financial Review
For personal use only Results Overview HY2011 Financial Review Operational Review Outlook and Summary
Slide 8: Financial Performance
Financial Performance For personal use only Dec 2010 Dec 2009 % Change Combined Group Revenue up 59.6% on previous corresponding period Revenue 73,626 46,142 59.6% EBITA 3,720 5,841 (36.3%) Adjusted Net Profit was up 22.2% NPAT 4,425 3,728 18.7% Ramping up business and taking on new contract A
Slide 9: Divisional Performance
Divisional Performance Underground Services Engineering For personal use only Dec-10 Dec-09 Dec-10 Dec-09 Dec-10 Dec-09 Revenue 66,452 40,567 931 1,353 6,243 4,222 Intersegment Revenue 49 53 3,021 324 1,141 374 Total Revenue 66,501 40,620 3,952 1,677 7,384 4,596 Underlying Profit Before Tax 6,485 5,
Slide 10: Working Capital and Cash Flow
Working Capital and Cash Flow Mastermyne Group Cashflow Working capital requirements increased for the For personal use only Dec-10 Dec-09 period to meet the needs of the growing Cash Operating Profit 9,040 8,006 Change in Receivables (12,046) (2,976) business and to service new contracts; as a Ch
Slide 11: Operational Review
For personal use only Results Overview HY2011 Financial Review Operational Review Outlook and Summary
Slide 12: Safety
Safety 140 140000 120 120000 TRIFR is continuing to trend down For personal use only 100 100000 TRIFR at 18.6 against a full year target of 22.4 Hours worked 80 80000 Hours worked per month is increasing 60 60000 Using the most stringent of measures in TRIFR not 40 40000 LTIFR TRIFR 20 20000
Slide 13: People
People Overall workforce number has increased to 739 at the end of December For personal use only Workforce has Increased by 221 (43%) between July and December Approx another 80 personnel from Sub Contracted companies 1. Domestic Strategy for recruitment is working Recruitment Major contr
Slide 14: Training Centre
Training Centre Have completed 4 courses and placed 39 people into For personal use only Mastermyne operations 5th Course underway and next 3 courses fully booked Have developed a Hard Rock bridging course and placed 28 miners into Mastermyne operations Has gained acceptance and is being wel
Slide 15: Major Contracts
Major Contracts Project For personal use only Moranbah North Umbrella Continues to perform well. *Moranbah North Drivage Roadway development contract was signed October 2010 Kestrel Mine Extension Have mobilised to work in portion 1 of the project. Kestrel Continues to perform well. *Oaky Creek Cont
Slide 16: Capex
Capex Mining fleet currently 100% utilised For personal use only Significant investment already made in opportunistic Capex in FY11 Description Qty Total Value Delivered Revenue From Loaders - Sandvik 2 $2,000 Jan 2011 Late Jan / Early Feb Loader - Coal Tram 2 $2,000 Nov 2010 Jan 2011 Warracar 1
Slide 17: Outlook and Summary
For personal use only Results Overview HY2011 Financial Review Operational Review Outlook and Summary
Slide 18: Focus for Remainder of FY11
Focus for Remainder of FY11 For personal use only •Continue to reduce injuries •Work on safety culture Safety •Maintain current retention levels •Recruit additional workforce People •Continue to replace workforce of sub contractors •Bed in new projects (KME, Oaky & Hunter Valley) •Bed in directional
Slide 19: Outlook
Outlook Several new underground projects coming on For personal use only Sector is still growing at a significant pace We see mining companies focusing on stream over the next 2 years Underground assets for expansion Galilee Basin will present opportunities for the Grow through expansion o
Slide 20: Summary
Summary Safety performance is good but journey continues to achieve zero harm For personal use only Business has gone through some significant growth in a short period and operating results are on track for the full year Margins temporarily effected due to Pike River disaster Under perform