Slide 1: 1H FY24 Financial Results
For personal use only 1H FY24 Financial Results Ben Pieyre (CEO) | Manny Bikakis (CFO) February 2024 ASX: BOL
Slide 2: Today's Presenters and Agenda
Today's Presenters and Agenda For personal use only 01 1H FY24 Highlights 02 1H FY24 Financial and Operational Performance 03 Strategic Update Ben Pieyre Manny Bikakis Chief Executive Officer Chief Financial Officer 04 FY24 Outlook ASX: BOL Boom Logistics 1H FY24 Results | February 2024 2
Slide 3: 1H FY24 Key Highlights
1H FY24 Key Highlights Financial Operations For personal use only • Revenue of $129.7m, up $30.2m or 30% on 1H FY23 • One Lost Time Injury (LTI) and TRIFR of 2.6 per million (pcp) driven by strong growth in the resources and hours worked infrastructure sectors • Labour Efficiency of 86% (81% pcp) •
Slide 4: Safety
Safety Positive safety culture across the business • One Lost Time Injury (LTI) in 1H FY24. Lost Time Injuries Total Recordable Injury For personal use only • TRIFR of 2.6 per million hours worked in 1H FY24, an (LTI's) Frequency Rate (TRIFR) improvement on pcp • Boom’s safety performance is a key o
Slide 5: 1H FY24 Financial and Operational Performance
For personal use only 1H FY24 Financial and Operational Performance ASX: BOL Boom Logistics 1H FY24 Results | February 2024 5
Slide 6: Key Market Performance in 1H FY24
Key Market Performance in 1H FY24 Resources Renewables For personal use only • Revenue up 27% on the pcp driven by growth • Revenue was up 59% on the pcp, primarily due from key customers to a combination of the commencement of • Positive growth in 1H. This should be balanced activity at the Clarke
Slide 7: Profit and Loss Results
Profit and Loss Results Revenue, EBITDA and NPAT Revenue $M EBITDA $M NPAT $M • 1H FY24 Revenue of For personal use only $129.7 $3.8 $129.7m, up $30.2m $123.5 driven by a combination $24.3 of project $22.3 $2.9 $99.5 commencements and $20.0 strong growth in the resources and infrastructure sectors •
Slide 8: Balance Sheet and Cash
Balance Sheet and Cash Strong Net Assets and Cash generation used to fund growth Net Gearing Cash from For personal use only (%) Sale of Assets ($M) • Capex for 1H FY24 was $14.9m with asset disposals of $6.4m. Net Capex of $8.5m. Further asset sales earmarked for FY24 38.9% $6.4 • New debt and leas
Slide 9: FY24 Strategy Update and FY24 Outlook
For personal use only FY24 Strategy Update and FY24 Outlook ASX: BOL Boom Logistics 1H FY24 Results | February 2024 9
Slide 10: Strategic Execution
Strategic Execution BOL continues to execute against the refreshed strategic initiatives Strategic Focus Target Execution in 1H FY24 For personal use only ESG and People Focus on safety, talent and environmental • One Lost Time Injury (LTI). Capability impacts • TRIFR of 2.6 per million hours worked
Slide 11: Market Opportunities
Market Opportunities Strong demand across all key segments with recent new contract win to drive performance Resources Renewables • Strong pipeline with 4,000+ new For personal use only onshore wind turbines* and • Customer expansion in QLD and WA. 10,000km of interconnectors • Continued focus on ou
Slide 12: FY24 Priorities
FY24 Priorities Execution of Boom’s strategic plan of optimising asset, resource utilisation, improving profitability and cash generation For personal use only Execution of recent contract wins and commencement of delayed projects expected to continue to grow the underlying business Continue to conv
Slide 13: Appendix: Operations
For personal use only Appendix 1 Operations ASX: BOL Boom Logistics 1H FY24 Results | February 2024 13
Slide 14: Our Profile
Our Profile Our Mission Our Business Our Operating Segments For personal use only At Boom, we deliver safe lifting solutions, with scale and precision, 750 every time. Managing risk and employees, 400 full-time Resources Renewables complexity with confidence – and 350 flexible workforce that’s the p
Slide 15: People, Values and Community
People, Values and Community We are a full service 'Wet Hire' Company. Our people drive our business Our Values differentiate our business. They guide our decisions, Our People are our strength. We strive to retain and recruit the For personal use only our behaviours and the way we do business. best
Slide 16: Environment
Environment Participating in the transition to a low carbon future • Transitioned to an overarching ESG framework For personal use only governed by ESG charter, formalising our commitment to sustainable initiatives to reduce our carbon footprint and emission targets • Our first electric power option
Slide 17: Appendix: 1H FY24 Financial Statements
For personal use only Appendix 2 1H FY24 Financial Statements ASX: BOL Boom Logistics 1H FY24 Results | February 2024 17
Slide 18: Profit and Loss
Profit and Loss For personal use only 31-Dec-23 31-Dec-22 Change Change #039;m #039;m #039;m % Revenue 129.7 99.5 30.2 30% Operating Costs (105.4) (79.5) (25.9) 33% EBITDA 24.3 20.0 4.3 22% Depreciation and Amortisation (17.3) (16.7) (0.6) 4% EBIT* 7.0 3.3 3.7 112% Profit / (loss) on Sale of Assets 0.5 (0.3)
Slide 19: Balance Sheet
Balance Sheet 31-Dec-23 30-Jun-23 Change #039;m #039;m $m For personal use only Cash 2.4 2.4 0.0 Trade and Other Receivables 48.5 47.7 0.8 Assets Held for Sale 4.6 8.7 (4.1) Other Assets 5.4 4.0 1.4 Property Plant and Equipment 82.7 82.5 0.2 Right of Use Asset 72.6 61.9 10.7 Total Assets 216.2 207.2 9.0 P
Slide 20: Cash Flow
Cash Flow 31-Dec-23 31-Dec-22 Change For personal use only #039;m #039;m $m EBITDA 24.3 20.0 4.3 Movement in working capital (2.6) 1.3 (3.9) Interest paid (cash net of interest received) (3.1) (2.1) (1.0) Cash flow from operations before tax 18.6 19.2 (0.6) Income tax (paid) 0.0 0.0 0.0 Net cash provided
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 For personal use only and objectives of the management of Boom. Forward-looking statements can generally be identified by the
Slide 22: For Further Information
For Further Information For personal use only Corporate Investors Manny Bikakis Craig Sainsbury Chief Financial Officer Automic Group Boom Logistics Limited (ASX: BOL) +61 3 9207 2500 +61 428 550 499 Suite B Level 1 mbikakis@boomlogistics.com.au craig.sainsbury@automicgroup.com.au 55 Southbank Boule