Boom Logistics Ltd · ASX:BOL
Boom Logistics — H1 FY2021 Earnings Presentation
21 slides from Boom Logistics's earnings presentation, February 2021
Slide 1: First Half FY21 Results
FIRST HALF FY21 RESULTS Boom Logistics First Half FY21 Results 0
Slide 2: First Half FY21 Results
FIRST HALF FY21 RESULTS Revenue EBITDA EBIT NPAT $84.2m $17.9m $2.3m $0.4m Asset Sales ROCE Net Debt Dividend $4.4m ~3% $14.2m 0.5¢ Boom Logistics First Half FY21 Results 1
Slide 3: Operating Results
OPERATING RESULTS • Significant improvement on EBIT results from tightened cost structure with focus on quality revenue in key markets • Lower revenue due to: • One less major project in period • Project delays related to supply chain • Reduced shutdown activity across mining sector • Labour revenue
Slide 4: Balance Sheet
BALANCE SHEET • Gearing down to 12% with reduced liabilities allowing capital management flexibility • Net debt* lower than prior periods: • $14.2m at 31 December 2020 • $19.6m at 30 June 2020 • $27.3m at 31 December 2019 • Lease Liabilities include rented cranes, light commercial vehicles, transpor
Slide 5: Cash Flow
CASH FLOW • Cash from operations before tax improved by 30% allowing further debt reduction and supporting fleet investment for growth • Capital recycling improving asset utilisation • Sale of older and underutilised assets • Capex remains low through rental model • 2H FY21 capex forecast to be arou
Slide 6: Business Overview
BUSINESS OVERVIEW Revenue by sector Wind Mining Maintenance Energy Infrastructure Telco’s Wind, Energy, Mining & Resources Utilities Infrastructure Telecommunications Industrial Maintenance Boom Logistics First Half FY21 Results 5
Slide 7: Crane Services
CRANE SERVICES Solid market for engineered 1H FY21 overview specialised • Healthy mining maintenance activity in Queensland, although lifting and shutdown activity slightly reduced shutdown • Renewed maintenance contracts with Anglo Coal (QLD) and services Australian Paper (VIC) • New agreement to s
Slide 8: Projects
PROJECTS Infrastructure tender pipeline 1H FY21 overview is strong over • Wind farm construction works (VIC) successfully completed, using equipment hire and labour rate model the next three years • Solid ongoing maintenance and service work for wind farm clients across Australia • New infrastructur
Slide 9: Travel Towers
TRAVEL TOWERS Strong demand for large travel 1H FY21 overview towers in the • Major new high-voltage transmission line project progressing well in the Pilbara (WA) telco and energy sectors • Activity on electrical transmission and project work on wind farms continuing • Telecommunications 5G and dat
Slide 10: Asset Management
ASSET MANAGEMENT Increasing crane and travel tower utilisation 1H FY21 overview • Ongoing adaption of flexible asset rental model to support growth, to maximise capability and capacity • Capital recycling approach to achieve high asset utilisation of overall fleet • Improved travel tower utilisation
Slide 11: Safety
SAFETY • Boom’s safety performance is a key operational TRIFR SAOFR focus, with emphasis on risk management, leadership improvements in improvements in and assurance 1H FY2021 1H FY2021 • Total Recordable Injury Frequency Rate (TRIFR) average over 1H FY21 of 7.6, improving trend • Safe Act Observati
Slide 12: FY21 Outlook
FY21 OUTLOOK Earnings forecast Clear strategy in place Improving return on to be consistent to achieve sustainable capital and deliver in second half FY21 profitable growth shareholder returns Targeting maintenance Growth opportunities Capital recycling & services with recurring on projects with fle
Slide 13: Appendix
APPENDIX Boom Logistics First Half FY21 Results 12
Slide 14: Our Business / Our Values
OUR BUSINESS / OUR VALUES 250 cranes in all sizes Our Values up to 750 tonnes Boom’s values differentiate our business. They guide decisions, our behaviours and the way we do business to maximise returns for our shareholders 14 depots across Australia 100 travel towers in all sizes up to 70 metres 1
Slide 15: Our People
OUR PEOPLE Boom Logistics First Half FY21 Results 14
Slide 16: Case Study: Infrastructure
CASE STUDY: Infrastructure Growth in Infrastructure • Completed three level crossing removal projects in Melbourne • Commenced work on Snowy 2.0 project • Commenced Parramatta light rail project • Completed Albion Park Rail Bypass project • Strong tender pipeline on infrastructure, civil engineering
Slide 17: Case Study: Travel Towers
CASE STUDY: Travel Towers Power Transmission Lines • Major new high voltage work progressing well in WA • Contracted to provide six travel towers and specialised labour for the completion of a 220kv transmission line running between mines in the Pilbara region • The project is anticipated to run for
Slide 18: Case Study: Wind Farm
CASE STUDY: Wind Farm Powering in Renewables • Boom provides installation, engineering and maintenance services on wind farms across Australia • Our maintenance activities include removal and replacement of gear boxes, generators and blades • Our construction package includes installation of towers,
Slide 19: Case Study: Telecommunications
CASE STUDY: Telecommunications 5G Network Program • 5G network deployment is accelerating with Telstra, Optus and Vodafone • 5G currently being installed in major metropolitan areas and is being rolled-out into regional areas in 2021 • Major data network upgrades continue in the telecommunications s
Slide 20: Case Study: Mining Services
CASE STUDY: Mining Services Maintenance and Shutdowns • Provide lifting solutions, cranes and crews on 24/7 basis, travel towers, engineering services, supervision and project management on mine sites • Work includes shutdowns, major lifts to support bucket rebuilds, shovel replacements, conveyor be
Slide 21: Disclaimer
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 words such as