Boom Logistics Ltd · ASX:BOL

Boom Logistics — Shareholder Meeting (October 2013)

19 slides from Boom Logistics's shareholder meeting presentation, Oct 22, 2013

  1. Slide 1: 2013 Annual General Meeting

    For personal use only 2013 Annual General Meeting 22 October 2013

  2. Slide 2: Mr John Robinson, Chairman

    For personal use only Mr John Robinson Chairman 1

  3. Slide 3: FY13 Review

    FY13 Review  Strong trading conditions continued in Q113 For personal use only  Abrupt change in the second quarter  Coal producers impacted by commodity demand and prices  Change in emphasis from production growth to operating cost reduction  Pressure on Boom charge out rates and generally low

  4. Slide 4: Restructuring response

    Restructuring response  Cost reduction programme implemented For personal use only  12% reduction in the workforce (130 people) - a further 67 people in Q114  Majority of redundancy costs provided for in FY13 results  30% of cutbacks have been in overheads  $25m p.a. of employee costs eliminate

  5. Slide 5: FY13 Result

    FY13 Result For personal use only % $m FY12 FY13 change Total Revenue 349.1 338.4 (3%) Total Trading EBIT 35.5 26.0 (27%) Trading EBIT Margin 10% 8% Trading Net Profit after Tax 18.5 10.7 (42%) Non-Trading Adjustments 1.3 (13.2) Statutory Net Profit after Tax 19.7 (2.5) (113%) Note: All Statutory re

  6. Slide 6: Cashflow and debt reduction

    Cashflow and debt reduction  Gearing at 37% (Net Debt / Equity) For personal use only  Net Tangible Assets per Share of $0.51 5

  7. Slide 7: Outlook for FY14

    Outlook for FY14 For personal use only  Restructuring benefits evident in the final quarter of FY13 and have continued into the first quarter of FY14  Stable earnings despite subdued revenue  Drive for further cost reductions and improvement in operating efficiency  Improved fleet position, with

  8. Slide 8: Mr Brenden Mitchell, Managing Director

    For personal use only Mr Brenden Mitchell Managing Director 7

  9. Slide 9: Boom's Strategy

    Boom’s Strategy For personal use only Delivering industrial services utilising operators and equipment ─ cranes, travel towers, transport and other assets ─ for major customers in the mining & resources, energy, utilities and infrastructure sectors BHP Billiton  Rio Tinto  BHPB Mitsubishi Alliance

  10. Slide 10: FY13 Review

    FY13 Review For personal use only  Commodity prices and the strength of the Australia dollar put extreme pressure on even the lowest cost commodity producers  Severe contraction in infrastructure spending on the East Coast  Coal customers under duress, driving costs down  Volatility and pricing

  11. Slide 11: FY13 Result

    FY13 Result For personal use only % $m FY12 FY13 change Total Revenue 349.1 338.4 (3%) Total Trading EBIT 35.5 26.0 (27%) Trading EBIT Margin 10% 8% Trading Net Profit after Tax 18.5 10.7 (42%) Non-Trading Adjustments 1.3 (13.2) Statutory Net Profit after Tax 19.7 (2.5) (113%) Note: All Statutory re

  12. Slide 12: Safety

    For personal use only Safety 11

  13. Slide 13: Revenue

    Revenue  BHP Billiton Iron Ore Ports contract For personal use only  Not retained on the basis of price, in part due to the high cost of Boom’s EBA in the region  Contract wins and extensions  Rio Tinto - East Coast  Karara Mining (Iron ore)  Gorgon at Henderson (LNG)  Leightons at FMG Solomo

  14. Slide 14: Cost Focus

    Cost Focus For personal use only  Drive for cost reductions, aided by the successful implementation of national payroll and financial systems  Cost reduction programme implemented  12% reduction in the workforce (130 people)  30% of cutbacks have been in overheads  Reduction of a further 67 peo

  15. Slide 15: Asset Base

    Asset Base  66 cranes identified for sale For personal use only  Expected to deliver over $10m in proceeds in FY14  Average age of 18 years  36 cranes under 25 tonnes and 15 less recognised or accepted models  Following over c. $180m of investment over the last 4 years, Boom’s crane fleet is no

  16. Slide 16: Balance Sheet management

    Balance Sheet management For personal use only  Debt reduced, whilst investing in the business  $62.3m cash invested in capital  Expansion into South Australia through the BHP Billiton Olympic Dam maintenance contract  Reinvestment in the Travel Tower business – with strong prospects in the util

  17. Slide 17: FY14 Focus

    FY14 Focus  Continue to serve our customers well and look for revenue growth For personal use only opportunities to maximise our equipment utilisation  Expand our position in the LNG, wind farm, utilities and resources sectors as well as in new projects and markets.  Improve our competitive posit

  18. Slide 18: Disclaimer

    For personal use 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

  19. Slide 19: Boom Logistics contact details

    2 E S) @ ) = @ ‘= e) D = ® oe = S) BOOM Logistics Level 6, 55 Southbank Boulevard Southbank Victoria 3006 T; +61 3 9207 2500 F; +613 9207 2400 E: info@boomlogistics.com.au www. boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961

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