Boom Logistics : AGM Presentation – 22/11/19

Annual

General

Meeting

2019

22 November 2019

FINANCIAL PERFORMANCE

$'m	FY16	FY17	FY18	FY19
Revenue	152.3	150.1	183.1	182.7
					$6 million
					on-market
Trading EBITDA	11.2	10.6	21.1	20.1	share buy back
					as at 30/6/19
Net Debt	49.2	45.1	37.3	36.6*

Strong

Balance Sheet

Net Debt

down to

$36.6m

*after $6m share buy back

DIVERSIFYING REVENUE STREAMS

$200m

$180m

$160m

$140m

$120m

$100m

$80m

$60m

$40m

$20m

$0m

	$10m	$13m
	$21m	$22m
$9m
	$26m
$20m		$34m
$12m	$25m
$26m		$25m

	$100m
$81m	$87m

Wind, Energy & Utilities

Telecommunications

Infrastructure

Industrial Maintenance

Labour hire

Mining & Resources

FY17

FY18

FY19

SAFETY FOCUS

	TRIFR reduced
Increasing	to 8.6 in FY19,
improvement
focus on safety
on last year
interactions with
customers and
employees

PEOPLE & TRAINING

Certificate IV frontline

Commencedleadership

apprenticeshiptraining

program to build introduced diversity and

skills in Boom

	Scope of
Impacted by	contract
reduced from
major weather
48 to 28
delays at
towers
Cattle Hill
wind farm

	Coopers Gap
	wind farm on
Sales pipeline	schedule with
extra scope of
remains solid
works won
with $415m to
tender over
next 3 years

	Rebuilding
	relationships
Mining	with mining
maintenance	clients in the
continues to	Hunter Valley
be strong in
Queensland

	Restructured
Targeting	management
new growth	and sales
opportunities in	team in WA
the north-west

Strong pipeline over next 3

years in

Growth ininfrastructure Melbourne

with new

750t crane

	Travel Tower
Growth	business
in energy	restructured
and 5G	successfully
network
projects

	Providing
readi to focus	specialised
labour hire
on external
services
revenue growth
opportunities

CAPITAL MANAGEMENT

• Continue to be diligent on any capital expenditure
• Upgrading Olympic Dam fleet with new rental assets
• Assets relocated to high demand areas and improve utilisations
• Growth using flexible rental model
• Deliver strong cash flows and maintain solid balance sheet
• Further on-market share buy-back and other capital management initiatives over next 12 months

FY20 OUTLOOK

• Clear strategy in place to achieve sustainable profitable growth
• On track to enter new markets in 2H
• Guidance for FY20
• • Revenue ~ $200m
  • EBITDA¹ ~ $20m
  • CAPEX ~ $5m
  • Free cash flow ~ $13m
• Revenue and earnings to be stronger in the second half FY20
• Solid pipeline
• • wind farm projects
  • growing infrastructure sector
  • new mining contracts

¹ Not adjusted for new AASB16 accounting standard

Loyal and passionate employees, committed to safety and customers

Formal Business

Annual

General

Meeting

2019

22 November 2019

Item 1

• Financial Statements and Reports

17

Item 2

• That Mr. Maxwell J. Findlay be re-elected as a Director of the Company

Source: Computershare	Number of Shares	% of all issued Shares

For	174,749,454
Against	10,373,361
Discretionary *	373,555
Abstain	2,348,383

40.39%

2.40%

0.06%

0.54%

* The number of the Chairman's discretionary votes are 274,538.

Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

18

Item 3

• The election of Ms. Melanie Allibon as a Director of the Company

Source: Computershare	Number of Shares	% of all issued Shares

For	174,626,742
Against	9,920,073
Discretionary *	373,555
Abstain	2,924,383

40.36%

2.29%

0.09%

0.68%

* The number of the Chairman's discretionary votes are 274,538.

Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

19

Item 4

Adoption of the Remuneration Report

• That the Remuneration Report for the financial year ended 30 June 2019 be adopted

Source: Computershare	Number of Shares	% of all issued Shares

For	172,792,138
Against	12,392,260
Discretionary *	368,821
Abstain	2,291,534

39.94%

2.86%

0.09%

0.53%

* The number of the Chairman's discretionary votes are 269,804.

Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

20

Item 5

Grant of Rights and Options to the MD

• 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 summarised in the Explanatory
  Memorandum:
• 1. The issue of Rights to the Managing Director up to a maximum value of $180,000 in relation to the FY20 Salary Sacrifice Rights Plan;

b. The issue of Rights to the Managing Director up to a maximum value of $120,000 in relation to the deferred component of the FY20 Short Term Incentive Plan; and

1. The issue of Options to the Managing Director up to a maximum value of $300,000 in relation to the FY20 Long Term Incentive Plan.

21

Item 5

• Grant of Rights and Options to the Managing Director

Source: Computershare	Number of Shares	% of all issued Shares

For	172,772,486
Against	12,551,978
Discretionary *	340,821
Abstain	2,179,468

39.93%

2.90%

0.08%

0.50%

* The number of the Chairman's discretionary votes are 241,804.

Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

22

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 'project', 'believe', 'foresee', 'plan', 'expect', 'aim', 'potential', 'goal', 'target', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'could', 'should', 'will' or similar expressions. All such forward looking statements involve known and unknown risks, significant uncertainties, assumptions, contingencies and other factors, many of which are outside the control of Boom, which may cause the actual results or performance of Boom to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward-looking statements speak only as of the date of this announcement. Factors that could cause actual results or performance to differ materially include without limitation the following: risks and uncertainties associated with the Australian and global economic environment and capital market conditions, fluctuations in foreign currency exchange and interest rates, competition, Boom's relationships with, and the financial condition of, its suppliers and customers, or legislative changes, or regulatory changes or other changes in the laws which affect Boom's business. The foregoing list of important factors is not exhaustive. There can be no assurance that actual outcomes will not differ materially from these statements. Readers should not place undue reliance on forward looking statements. Except as required by law and ASX Listing Rules, Boom undertakes no obligation to update publicly or otherwise revise any forward looking statement as a result of new information, future events or other factors.

Boom Logistics Limited (ASX: BOL)

Suite B Level 1, 55 Southbank Boulevard

SOUTHBANK VIC 3006

Telephone [phone]

[e-mail]

www.boomlogistics.com.au