Boom Logistics Ltd · ASX:BOL
Boom Logistics — Shareholder Meeting (November 2020)
26 slides from Boom Logistics's shareholder meeting presentation, Nov 27, 2020
Slide 1: Annual General Meeting
For personal use only ANNUAL GENERAL MEETING Boom Logistics Annual General Meeting 2020
Slide 2: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS Maxwell J Findlay Boom Logistics Annual General Meeting 2020 1
Slide 3: Online Attendees – Question Process
Online Attendees – Question Process For personal use only • When the Question function is available, the Q&A icon will appear at the top of the app. • To send in a question, simply click in the ‘Ask a question’ box, type your question and press the send arrow. • Your question will be sent immediatel
Slide 4: Online Attendees – Voting Process
Online Attendees – Voting Process For personal use only • When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen. • To vote simply select the direction in which you would like to cast your vote, the selected option will change colour. • There is no s
Slide 5: Boom's Financial Transformation
BOOM’S FINANCIAL TRANSFORMATION For personal use only Net Debt at 30/6/15 Share Buyback $71.4m 47.1m Gearing 36% total completed Net Debt at 30/6/20 $19.6m Dividend Paid Gearing 17% 0.5¢ Reduction in Net Debt: 72.5% Boom Logistics Annual General Meeting 2020 4
Slide 6: FY20 Financial Performance
FY20 FINANCIAL PERFORMANCE For personal use only Net loss after tax Revenue Operating Cashflow $17.0m $185.5m $24.3m before tax Share Buyback Asset Sales Debt Reduction 11.4m $4.6m $17.0m shares Boom Logistics Annual General Meeting 2020 5
Slide 7: Business Overview
BUSINESS OVERVIEW For personal use only Mining Renewables Energy Infrastructure Boom Logistics Annual General Meeting 2020 6
Slide 8: Board of Directors and Key Management Team
BOARD OF DIRECTORS AND KEY MANAGEMENT TEAM For personal use only Maxwell John Findlay Tony Spassopoulos Melanie Jayne Allibon Jean-Pierre Buijtels Stephen Grove Independent, Non-executive Managing Director Independent, Non-executive Non-independent, Non-executive Non-independent, Non- Chairperson Di
Slide 9: Managing Director's Address
For personal use only MANAGING DIRECTOR’S ADDRESS Tony Spassopoulos Boom Logistics Annual General Meeting 2020 8
Slide 10: FY21 First Quarter Results
FY21 FIRST QUARTER RESULTS* For personal use only FY21 Q1 EBITDA FY21 Q1 Net Debt FY21 Q1 Asset Sales $9.3m $14.4m $4.1m 35 travel towers FY21 Q1 EBIT FY21 Q1 ROCE Targeting projects with ~4% recurring earnings $1.5m and acceptable returns * Unaudited management accounts Boom Logistics Annual Genera
Slide 11: Safety Update
SAFETY UPDATE For personal use only Total Recordable Safe Act Observation Injury Frequency Frequency Rate Rate (TRIFR) (SAOFR) Boom Logistics Annual General Meeting 2020 10
Slide 12: Our People
OUR PEOPLE For personal use only Boom Logistics Annual General Meeting 2020 11
Slide 13: Crane Services
CRANE SERVICES readi provides labour hire & FY20 overview specialised For personal use only skills during • Activity with mining maintenance customers continued to be maintenance strong in Queensland shutdowns • Renewed three-year mining maintenance contract with Glencore • Agreement to supply servi
Slide 14: Boom Projects
BOOM PROJECTS Infrastructure tender pipeline FY20 overview For personal use only Key Operations is strong over • Wind farm construction the next three • Successful completion of Coopers Gap wind farm project in projects years QLD with additional works completed in May 2020 • Bridge installations, •
Slide 15: Case Study: Infrastructure
CASE STUDY: Infrastructure For personal use only • 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 • Boom is well positioned for growth in this sector Boom Logisti
Slide 16: Travel Towers
TRAVEL TOWERS Strong demand for large travel FY20 overview For personal use only towers in the telco & energy • Restructured travel towers business delivered cost savings sectors and improved performance • Solid revenue growth on electrical transmission, string-line to power pole, project work on wi
Slide 17: Case Study: Travel Towers
CASE STUDY: Travel Towers For personal use only Powerlines Plus • 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 up to 12 months • Growth opportunities
Slide 18: Outlook
OUTLOOK For personal use only FY21 H1 EBITDA Agreed terms for new Earnings to continue to improve with solid circa $17m 3 year finance facility to commence in 2021 pipeline in H2 FY21 up $5m on pcp Clear strategy in place Improving return on Capital recycling & to achieve sustainable capital and del
Slide 19: Formal Business
For personal use only Formal Business Boom Logistics Annual General Meeting 2020 18
Slide 20: Item – Financial Statements and Reports
Item 1 For personal use only • Financial Statements and Reports Boom Logistics Annual General Meeting 2020 19
Slide 21: Item – Election of Stephen Anthony Grove as Director
Item 2 For personal use only • That Mr. Stephen Anthony Grove be elected as a Director of the Company Source: Computershare Number of Shares % of all issued Shares For 230,610,167 53.91% Against 620,071 0.14% Discretionary* 172,650 0.04% Abstain 83,973 0.02% * The number of the Chairman’s discretion
Slide 22: Item – Adoption of the Remuneration Report
Item 3 – Adoption of the Remuneration Report For personal use only • That the Remuneration Report for the financial year ended 30 June 2020 be adopted Source: Computershare Number of Shares % of all issued Shares For 228,449,312 53.40% Against 952,307 0.22% Discretionary* 362,650 0.08% Abstain 122,5
Slide 23: Item – Grant of Rights and Options to the MD
Item 4 – Grant of Rights and Options to the MD For personal use only • That for the purposes of ASX Listing Rule 10.14 and for all other purposes, approval be given for the issue of the following Rights and Options to the Managing Director under the Company’s Executive Remuneration Plan on the terms
Slide 24: Item – Grant of Rights and Options to the Managing Director
Item 4 For personal use only • Grant of Rights and Options to the Managing Director Source: Computershare Number of Shares % of all issued Shares For 228,186,921 53.34% Against 1,593,896 0.37% Discretionary* 161,719 0.04% Abstain 1,544,325 0.36% * The number of the Chairman’s discretionary votes are
Slide 25: Close of Business
For personal use only Close of Business Boom Logistics Annual General Meeting 2020 24
Slide 26: Disclaimer
DISCLAIMER For personal use only 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