BOOM LOGISTICS LIMITED — AGM Information 2021

Nov 25, 2021

ANNUAL GENERAL MEETING

Boom Logistics Annual General Meeting 2021

26 November 2021

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CHAIRMAN’S ADDRESS Maxwell J Findlay

Boom Logistics Annual General Meeting 2021

ONLINE ATTENDEES – Text Question Process

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When the question function is available, the messaging tab will appear at the top of the screen

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To submit a question, type your question in the “Ask a question” box and press the send arrow

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Your question will be sent immediately for review

Received

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Boom Logistics Annual General Meeting 2021

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ONLINE ATTENDEES – Audio Question Process

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When the audio questions line is available, a link will appear on the home tab titled Asking Audio Questions

If you would like to ask an audio question, pause the meeting broadcast and click on the link

You will be prompted to enter your name and the topic of your question before being placed in the audio questions queue

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Boom Logistics Annual General Meeting 2021

ONLINE ATTENDEES – Voting

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When open, the vote will be accessible by selecting the voting tab at the top of the screen

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To vote simply select the direction in which you would like to cast your vote. The selected option will change colour

For Against Abstain

There is no submit or send button, your selection is automatically recorded. You can change your mind or cancel your vote any time before the poll is closed

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Boom Logistics Annual General Meeting 2021

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FY21 FULL YEAR RESULTS

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Revenue $173.3m down from $185.5m

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Operating Cashflow $25.9m up from $24.3m (before tax)

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EBITDA $36.3m up from $23.8m

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ROCE 2.5% up from (1.4)%

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EBIT $4.5m up from $(8.1)m

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Gearing 26% up from 17% (net debt/equity)

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NPAT $1.2m up from $(17.0)m

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Final Dividend 1.0¢ Total 1.5¢ for FY21

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BUSINESS OVERVIEW

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Mining & Resources
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Renewables
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Energy & Telecommunications
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Infrastructure
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Boom Logistics Annual General Meeting 2021

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MANAGING DIRECTOR’S ADDRESS Tony Spassopoulos

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Boom Logistics Annual General Meeting 2021

SAFETY ALWAYS

• Boom’s safety performance is a key operational metric, with emphasis on risk management, leadership and assurance

• Safety ‘reset’ undertaken during the year to increase focus on safety management interactions

• Lost Time Injury Frequency Rate (LTIFR) was zero in FY21, down from 4.4 in FY20

• Response to COVID-19 in line with government guidelines including travel restrictions, cleaning and social distancing protocols implemented

• Safety of our customers and employees is our priority as we continue our journey towards zero harm

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Lost Time
Injury
Frequency
Rate (LTIFR) of
Zero
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SAOFR improved TRIFR improved by 28% in FY21 by 36% in FY21

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Safe Act Observation Frequency Rate (SAOFR)

Total Recordable Injury Frequency Rate (TRIFR)

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Boom Logistics Annual General Meeting 2021

FY22 FIRST QUARTER RESULTS*

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Q1 FY22 Revenue $60.2m up from $43.0m

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Q1 FY22 ROCE ~6% up from ~4%

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Q1 FY22 EBITDA $11.8m up from $9.3m

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Q1 FY22 Utilisation 80% up from 72%

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Q1 FY22 EBIT $3.0m up from $1.5m

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Q1 FY22 TRIFR 4.2 down from 8.3

* Unaudited management accounts compared to Q1 FY21

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Solid market
for engineered
specialised
lifting, labour
and shutdown
services
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CRANE & SHUTDOWN SERVICES

FY21 overview

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• Solid mining maintenance activity across all clients, although shutdown and project activity slightly reduced

• Major shutdowns completed at Boddington Gold (WA), BMA and Curragh (QLD), Bulga and MTW (NSW) and Australian Paper (VIC)

• Renewed maintenance contracts with Anglo American, FQM, Australian Paper and contract extended at Curragh

• New contract with BHP Mt Arthur mine (NSW)

FY22 outlook

• Major shutdown at BHP SCM21 Olympic Dam won, forecast to deliver circa $15m in new revenue in 1H FY22

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Key Operations

• Growth from new customers in central Queensland, including BMA Goonyella shutdown and new Thiess contract awarded

• Mining maintenance services

• Engineered specialised lifts

• Expanding service offering through introducing specialised skills and engineering services to mining clients

• Shutdown, industrial and programmed maintenance services

• readi labour hire continues to service our mining and industrial shutdown maintenance customers

• Major clients are in the mining sector

• Mobilise the new assets to north-west WA and central Queensland to support growth opportunities in 2H FY22

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Boom Logistics Annual General Meeting 2021

Crane & Shutdown services providing lifting solutions to mining and industrial sectors

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Boom Logistics Annual General Meeting 2021

PROJECTS

FY21 overview

• Wind farm construction works at Moorabool South (VIC) successfully completed and commenced project at Bango (NSW), using equipment hire and labour rate model for core lifting services

• Completed significant maintenance services on wind farms, replacing blades, gearboxes and pitch bearings for major clients across Australia

• New infrastructure contracts won at Snowy 2.0, Parramatta Light Rail (NSW), Martinus Rail (QLD) and Armadale Rd Bridge (WA)

FY22 outlook

• Continue Bango wind farm construction works in 1H FY22

• Solid pipeline of wind farm construction and maintenance work with opportunities to introduce new value-added recurring maintenance services

• Ongoing Snowy 2.0 infrastructure project work in 1H FY22

• Strong tender pipeline across infrastructure, civil engineering, rail crossing and tunnel projects in 2022

• New energy infrastructure and high voltage power-line construction works development over next 5 years

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Infrastructure
tender pipeline
is strong over
the next five
years
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Key Operations

• Wind farm construction projects

• Bridge installations, rail and infrastructure construction

• Power grid infrastructure and construction projects

• Wind farm maintenance programs

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Projects servicing the wind farm, civil infrastructure and energy sectors

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Boom Logistics Annual General Meeting 2021

TRAVEL TOWERS

FY21 overview

• Major high-voltage transmission line project in the Pilbara (WA), utilising large size travel towers

• Activity on electrical transmission and project work on wind farms continued, connecting substations to the grid

• Telecommunications 5G and data network upgrades in metropolitan areas were impacted by lockdowns

• Mining customers increasing use of large travel towers on site for shutdowns and projects

FY22 outlook

• Powerlines Plus high-voltage transmission line project continues through 1H FY22

• Strong demand for electrical transmission, interconnector, string line to power pole and wind farm project work

• Continued shutdown and mining maintenance activity for large travel towers

• Telecommunication 5G and NBN rollout in metro areas in 1H FY22 and rollout planned in regional areas in 2022

• Delivery of new large travel towers for growth

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Demand for
large travel
towers in the
energy, telco
and mining
sectors
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Key Operations

• Telecommunications – 5G and data network upgrades and connections

• Transmission ‘string-line’ installation works on wind farms

• Interconnector and power grid infrastructure projects

• High voltage transmission line maintenance works

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Boom Logistics Annual General Meeting 2021

Travel Towers servicing telecommunications and power line connection works

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ASSET MANAGEMENT

FY21 overview

• $14.7 million invested in new assets to secure new contracts and growth for FY22

• Total asset utilisation at 77%, up from 71% last year

• Ongoing use of flexible asset rental model to maximise capability and capacity

• Travel towers ordered with 12 months lead time

• Current fleet age profile is circa 10.7 years with target to average below 10 years

FY22 outlook

• Net capital expenditure planned for FY22 is circa $15m to secure new contracts and ongoing work

• New large travel towers expected delivery 2H FY22

• Asset sales continue, recycling older assets to reduce maintenance costs and upgrade fleet with new technology

• Availability of new assets through rental model to secure infrastructure and construction project tender pipeline

Improving crane and travel tower utilisation

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Boom Logistics Annual General Meeting 2021

RECOGNISING 20 YEARS

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Boom Logistics Annual General Meeting 2021

FY22 FIRST HALF OUTLOOK

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Revenue forecast circa $115m* up from $84.2m pcp

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EBITDA forecast circa $22m* up from $17.9m pcp

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Clear strategy to achieve sustainable profit growth

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Targeting maintenance services with recurring earnings and returns

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Improving return on capital and deliver shareholder returns

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Capital recycling & flexible asset rental model for growth

* Forecast based on current expectations of COVID-19 impacts and compared to FY21 first half results (pcp)

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Boom Logistics Annual General Meeting 2021

FORMAL BUSINESS

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ITEM 1

• Financial Statements and Reports

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Boom Logistics Annual General Meeting 2021

ITEM 2

• That Mr. Kieran Pryke be elected as a Director of the Company

Source: Computershare	Number of Shares	% of all issued Shares
For	212,404,563	49.65%
Against	61,000	00.01%
Discretionary*	164,522	00.04%
Abstain	78,296	00.02%
* The number of the Chairman’s discretionary votes. Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

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Boom Logistics Annual General Meeting 2021

ITEM 3 – Non-Executive Directors’ Fee Pool

• That, for the purposes of clause 42 of the Company's Constitution and ASX Listing Rule 10.17 and all other purposes, the maximum aggregate amount of NonExecutive Directors' remuneration payable by the Company to the Non-Executive Directors be increased from $400,000 per annum to a maximum of $750,000 per annum (inclusive of superannuation contributions).”

Source: Computershare	Number of Shares	% of all issued Shares
For	185,713,867	43.41%
Against	2,768,195	00.65%
Discretionary*	164,522	00.04%
Abstain	23,992,797	05.61%

• The number of the Chairman’s discretionary votes. Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

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Boom Logistics Annual General Meeting 2021

ITEM 4 – Adoption of the Remuneration Report

• That the Remuneration Report for the financial year ended 30 June 2021 be adopted

Source: Computershare	Number of Shares	% of all issued Shares
For	185,230,556	43.30%
Against	1,608,688	00.38%
Discretionary*	154,522	00.04%
Abstain	203,318	00.05%

• The number of the Chairman’s discretionary votes. Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

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Boom Logistics Annual General Meeting 2021

ITEM 5 – Grant of Rights & Options to Managing Director

• 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 summarized in the Explanatory Memorandum:

• a. The issue of Rights to the Managing Director up to a maximum value of $185,400 in relation to the FY22 Salary Sacrifice Rights Plan;

• b. The issue of Rights to the Managing Director up to a maximum value of $123,600 in relation to the deferred component of the FY22 Short Term Incentive Plan; and

• c. The issue of Options to the Managing Director up to a maximum value of $309,000 in relation to the FY22 Long Term Incentive Plan.

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Boom Logistics Annual General Meeting 2021

ITEM 5

• Grant of Rights and Options to the Managing Director

Source: Computershare	Number of Shares	% of all issued Shares
For	208,540,027	48.75%
Against	1,591,926	00.37%
Discretionary*	164,522	00.04%
Abstain	2,411,906	00.56%

• The number of the Chairman’s discretionary votes. Note: These figures relate to the proxies lodged 48 hours prior to the meeting.

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Boom Logistics Annual General Meeting 2021

CLOSE OF BUSINESS

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DISCLAIMER

Boom Logistics Limited (ASX: BOL) Suite B Level 1 55 Southbank Boulevard SOUTHBANK VIC 3006 Telephone +61 3 9207 2500 info@boomlogistics.com.au www.boomlogistics.com.au

Boom Logistics Annual General Meeting 2021