Boom Logistics Ltd · ASX:BOL
Boom Logistics — FY2015 Earnings Presentation
14 slides from Boom Logistics's earnings presentation, August 2015
Slide 1: Full Year Results Presentation
30 June 2015 Full Year Results Presentation August 2015
Slide 2: FY15 Results
FY15 Results Significant restructuring and capital management to support profit recovery in FY16. Statutory EBIT loss of $33.2m Statutory NPAT loss of $36.9m Trading EBIT loss of $6.3m Trading NPAT loss of $9.8m Restructuring in response to challenging market conditions – including a reduc
Slide 3: FY15 Overview
FY15 Overview Market Conditions Management Actions 1HFY15 Revenue opportunities Declining commodity prices Significant shutdown support activity in 1HFY15 Lower contract maintenance activity: WA, QLD, NSW Bald Hills Wind Farm Highly competitive markets: downward Project activity e.g.
Slide 4: Financial Review FY15 - Profit & Loss
Financial Review FY15 Profit & Loss % $m FY15 FY14 change Operating Revenue 203.3 268.1 (24%) Revenue decline following difficult market Profit on Sale of Assets 3.2 5.0 conditions, particularly in 2HFY15 Interest Income 0.1 0.2 Significant cost reduction activity to Total Revenue 206.6 273.3 (2
Slide 5: Financial Review FY15 - Balance Sheet
Financial Review FY15 Balance Sheet 30 June 30 June Statutory $m Movement 2015 2014 Cash 7.0 8.6 (1.6) Syndicated debt reduced by Trade Receivables 40.6 55.4 (14.8) $21.5m through positive free cash Income Tax Receivable 4.4 4.4 - flow Inventories 0.3 0.3 - Assets Held For Sale 8.8 15.5 (6.7) Ge
Slide 6: Financial Review FY15 - Cash Flow
Financial Review FY15 Cash Flow Statutory $m FY15 FY14 Movement Net receipts / (payments) 14.3 32.1 (17.8) Positive free cash flow of $20.4m Net interest received / (paid) (5.8) (7.6) 1.8 Income tax received / ( paid) - - - Capital expenditure of $8.3m (of which $5.3m was committed in FY14) Net
Slide 7: Syndicated Debt Facility
Syndicated Debt Facility New debt arrangements with existing banking syndicate through to the current facility’s expiry in January 2017 Debt Service Cover Ratio to remain above 2.5x — to reflect cash flows available to cover interest costs. Amortisation schedule of the facility limit reducing
Slide 8: FY16 Profit Recovery Initiatives
FY16 Profit Recovery Initiatives 1. Increase revenue in key geographic 2. Align Operational Labour Costs with areas and industry sectors Market Conditions Recent wins Enterprise Agreements (EAs) with increased flexibilities, lower/industry standard wages and Revenue recovery of $4m - $6m in the
Slide 9: FY16 Outlook
FY16 Outlook Boom expects trading conditions to continue to be challenging: Impact of sharp declines in commodity prices in FY15 Cancellation or completion of construction projects in the resources sector Subdued project activity in the infrastructure sector With the on-going execution of
Slide 10: Appendix
Full Year Results Presentation Appendix 9
Slide 11: Explanatory Notes
Explanatory Notes Note 1: Trading adjustments The table below sets out the trading adjustments in the FY15 result. EBITDA EBIT NPAT Statutory result 11.8 (33.2) (36.9) Less Impairment charges Assets - 20.8 14.6 Less restructuring costs Redundancies 4.6 4.6 3.2 Site closure costs 0.8 0.8 0.6 One Boom
Slide 12: Investor enquiries
Investor enquiries: Brenden Mitchell Managing Director and Chief Executive Officer 03 9207 2500 Paul Martinez Chief Financial Officer and Director of Strategy 03 9207 2500 11
Slide 13: 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
Slide 14: BOOM Logistics
BOOM Logistics Level 6, 55 Southbank Boulevard Southbank Victoria 3006 T: +613 9207 2500 F: +613 9207 2400 E: info@boomlogistics.com.au www, boomlogistics.com.au BOOM Logistics Limited ABN 28 095 466 961