Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2006 Earnings Presentation
18 slides from Boom Logistics's earnings presentation, Feb 15, 2006
Slide 1: Half Year Results Presentation 31 December 2005
Half Year Results Presentation 31 December 2005
Slide 2: 1st Half – FY2006 Highlights
1st Half – FY2006 Highlights • Strong first half year result Actual Revenue $121.9m EBITDA $35.4m EBITDA % 29.0% NPAT $15.7m NPAT% 12.9% EPS 11.0c DPS 5.2c • Underlying organic growth rate of 14% • Raised $67m via an institutional placement and $14m via Share Purchase Plan • Acquisition of Sherrin H
Slide 3: Financial Performance
Financial Performance % % $ million 1H05 1H 06 Change 2H05 1H06 Change Revenue 59.4 121.9 105% 73.7 121.9 65% EBITDA 14.3 35.4 148% 17.9 35.4 98% EBITDA % 24.1% 29.0% 4.9% 24.3% 29.0% 4.7% EBIT 10.9 26.2 140% 13.5 26.2 94% EBIT % 18.4% 21.5% 3.1% 18.3% 21.5% 3.2% NPAT 6.7 15.7 134% 8.7 15.7 80% NPAT
Slide 4: Financial Position
Financial Position Half Year end 31 December 2005 $ Millions • Plant & Equipment - Tangible Cash 12.7 asset based Balance Sheet Receivables 40.3 • Borrowings of $129.4m fixed Plant & equipment 255.2 interest rates @ 7.5% Intangibles 37.1 Other current & non-current assets 7.8 • Dividend payout polic
Slide 5: YTD Capital Commitments to December 2005
YTD Capital Commitments to December 2005 $ Category Million Replacement 12.2 Organic growth (*) 19.0 Sub total 31.2 Acquisition – Sherrin Hire 130.0 Total 161.2 (*) Achievement of 15% after tax IRR on organic capital invested FY06 YTD. 5 of 18
Slide 6: Market Capitalisation / EPS
Market Capitalisation/ EPS Market Capitalisation ($M) Half Year EPS (cents/ share) 600 12 500 499 11 11.0 400 396 10 9 300 229 8 200 157 7 6.8 139 100 6 74 0 5 5.1 IPO Dec-03 Jun-04 Dec-04 Jun-05 Dec-05 Dec-03 Dec-04 Dec-05 Oct-03 EPS 6 of 18
Slide 7: Revenue Segmentation – 1HY06
Revenue Segmentation – 1HY06 Market Segmentation FY05 to 1HY06 Comparison Engineering/ Civil Construction 45% 11% 40% 35% Industrial 30% Non Residential Maintenance 16% 25% 40% 20% Resources Maintenance 15% Residential 31% 10% 1% 5% Government/ 0% Defence Industrial Resources Government/ Non Residen
Slide 8: Revenue Segmentation – 1HY06
Revenue Segmentation – 1HY06 Segmentation by Equipment Wet Hire/ Dry Hire Other Equipment 2% Travel Tower DryHire Dry Hire Access 11% 22% 22% Equipment 9% Wet Hire Rigging Cranes 7% Wet Hire78% 61% Heavy 78% Haulage 10% Blue Chip Client Base 100% = $121.9M 1HY06 revenue • BlueScope Steel • Caltex •
Slide 9: Revenue Segmentation – 1HY06
Revenue Segmentation – 1HY06 Segmentation by State Segmentation – Boom & Sherrin Hire TAS SA 1% 2% Sherrin Hire NSW WA 26% 25% 30% Boom Logistics 74% QLD VIC 28% 14% 100% = $121.9M 1HY06 revenue 9 of 18
Slide 10: Employees, Cranes, Other Equipment
Boom Logistics Sherrin Hire 1,100 Employees 426 Cranes 2,000 Other Equipment 49 Depots 10 of 18
Slide 11: Sherrin Hire Integration
Sherrin Hire Integration The integration of Sherrin Hire has gone to plan. Achievements: • Strong financial performance – has met all expectations • Amalgamation of Boom/ Sherrin Toowoomba & Kalgoorlie depots • Cross Selling • Joint servicing of Port Waratah Coal terminal • Developed cross promotion
Slide 12: Outlook
BOOM a vt & 2 MITED BOOM Providers of Lifting Solutions to Australia , ae Outlook 12 of 18
Slide 13: BOOM is well positioned to continue its growth
BOOM is well positioned to continue its growth Consistent with our strategic intent we will: • Pursue geographical diversity – Further enhance our national presence via business acquisitions and organic growth. • Expand our existing blue chip client base. • Continue to diversify our income sources.
Slide 14: Market Outlook
Market Outlook • Sector analysis – Positive Outlook • Resources sector - strong. • Industrial sector - strong. • Residential sector - slowed. • Non residential - solid. • Engineering construction - strong. • 2HY06 organic growth prospects – circa 10%. • Further acquisitions expected this calendar ye
Slide 15: Questions
BOOf ctatedet- &* BOOM Providers of Lifting Solutions to Australia , ae Questions 15 of 18
Slide 16: Contact Details
Contact Details Rod Harmon Mark Lawrence Chief Executive Officer Chief Financial Officer Address: Level 12, 390 St Kilda Road MELBOURNE VIC 3004 Phone: (03) 9864 0200 Fax: (03) 9864 0222 16 of 18
Slide 17: Appendix
a vt & 2 ' BOOM BOOM Providers of Lifting Solutions to Australia , ae Appendix 17 of 18
Slide 18: Management Board
Management Board CEO Rod Harmon CFO National National GM VIC GM WA GM QLD GM NSW GM Sherrin Business Manager Manager Mobile Hire Development Quality, Tower Safety & Cranes Mark Risk Brenton Mark Steven Michael Lawrence Drew Baker Salleh Brian Praetz Alex Pagonis Apthorpe Goulding Sherrin Frank Legen