Babylon Pump & Power Ltd · ASX:BPP
Babylon Pump & Power — FY2023 Earnings Presentation
16 slides from Babylon Pump & Power's earnings presentation, Aug 23, 2023
Slide 1: FY23 Results Presentation 2023
FY23 RESULTS PRESENTATION 2023 BABYLON PUMP & POWER LTD BABYLON PUMP & POWER LIMITED | FY23 RESULTS PRESENTATION 1
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation has been prepared by Babylon Pump & Power Limited (“Babylon”) (ASX: BPP) for information not anticipate” or “believes” or variations of such words and phrases or statements that certain actions, events or purposes only. results “may”, “could”, “would”,
Slide 3: About Babylon Pump & Power Ltd
About Babylon Pump & Power Ltd Building a portfolio of specialty, essential services highly valued by major resources companies Specialised water management equipment rental and services Environmental and industrial services Rental of portable temporary power Progressing a pipeline of water manageme
Slide 4: FY23 Financial Snapshot
FY23 Financial Snapshot Normalised Profit & Loss A$’000 FY 2023 FY 2022 % Growth Balance Sheet A$’000 June 2023 June 2022 Cash & cash equivalents 1,565 2,241 Operating revenue and other income 32,501 27,517 18% Trade & other receivables 5,758 4,360 Operating and indirect costs 28,694 28,641 Property
Slide 5: FY23 Financial Highlights
FY23 Financial Highlights Operating Normalised Operating $18.8m Revenue EBITDA* Cashflow $32.5m $2.8m $2.3m $13.7m EBITDA* Up 18% from Up to 349% from Up 750% from Revenue $27.5m PCP ($1.1m) PCP $0.3m PCP $2.1m $0.7m 1H FY23 2H FY23 Growth trajectory driven by Strong EBITDA Investment in fleet Compo
Slide 6: FY23 Strategic Highlights
FY23 Strategic Highlights • Strengthened board with appointment of Chris Radin as Non-Executive Director adding significant rental industry experience • Completed two strategic acquisitions in specialty water management/equipment rental space • Refocussed on high margin operations with rationalisati
Slide 7: Recent Milestones
Recent Milestones Improved financials in Advancing rental & water Rationalisation of lower New, purpose-built FY23 management strategy margin segments facility • Strong growth in EBITDA* and • Successful integration of Resource • Significant restructuring and • Relocation to new purpose-built Operat
Slide 8: Rental Outlook
Rental Outlook • Rental segment revenue up 98% over previous year. Specialty Rental Water & Power • Rental segment EBITDA up 105% over previous year. • Organic growth in rental revenue driven by expansion of asset base and new services to include: • Stand-Alone Hybrid Power Systems • Pitt Boss - new
Slide 9: Stand-Alone Hybrid Power Systems
Stand-Alone Hybrid Power Systems • Redeployable hybrid power generation to replace diesel generators on client sites – integrated package of solar, inverter, control system, battery storage plus backup Transition to Green Energy generator unit • Introduced into specialty rental fleet to assist clien
Slide 10: Pitt Boss Evaporation Systems
Pitt Boss Evaporation Systems • Energy saving water management – low power Transition to Lower Emissions consumption per m3 evaporated • Lower environmental impact with no overspray • Can be powered by Babylon’s Stand-Alone hybrid power Systems • More reliable operations and very low maintenance req
Slide 11: Maintenance Outlook
Maintenance Outlook • Maintenance revenue was steady over previous year. Maintenance Services • Maintenance EBITDA up 604% over previous year. • Recurring works for large miners is providing greater visibility and improving margins. • QLD subsidiary PrimePower has returned to profitability with rest
Slide 12: Group Outlook
Group Outlook Increasing sector demand and streamlined business focus will continue trajectory of improved earnings Revenue Growth and overall business growth. 4 Year CAGR Improved Balance Sheet Growing High Margin Segment ~30% Revenue growth 40 37% increase in plant & Organic growth of fleet $32.5m
Slide 13: Poised for Growth
Poised for Growth Earnings improvement across the Group • Group consolidated EBITDA* improved 349% • Rental business gaining scale and delivering strong margins • Restructured and rationalised maintenance business performance • FY24 budgeted to deliver continuing growth trajectory Leveraging strong
Slide 14: Corporate Snapshot
Corporate Snapshot ASX Code: BPP Ordinary Shares 2,458m Price (A$) Share Price Performance & Volume Volume (m) *Performance Rights 294m Market cap (@ 0.5 cents) $12.3m 0.008 50 45 Board & Management Ownership 6.7% 0.007 40 0.006 Top 20 Holdings 49% 35 0.005 30 0.004 25 Major Shareholders 0.003 20 Be
Slide 15: Board of Directors
Board of Directors James Cullen Michael Shelby Patrick Maingard Louise Bower Chris Radin Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Jamie has over 20 years’ Co-Founder of Babylon, Patrick has over 30 years Louise has 27 years’ Chris
Slide 16: Michael Shelby Managing Director
MICHAEL SHELBY Managing Director 1 Port Place, High Wycombe WA 6057 +61 477 088 341 mshelby@babylonpumpandpower.com babylonpumpandpower.com BABYLON PUMP & POWER LIMITED | FY23 RESULTS PRESENTATION 16