BOOM LOGISTICS LIMITED — Capital/Financing Update 2024

Apr 30, 2024

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Boom secures $60 million contract with Newmont Mining

Boom Logistics Limited (ASX: BOL, “the Company”), a total lifting solutions company that utilises a highly skilled workforce and specialised equipment, is pleased to announce the award of a contract with Newmont Mining at their Boddington Gold Operation in Western Australia. The contract is expected to generate circa $60 million in revenue across the initial 5-years of the contract, commencing in 4Q FY24.

Boom has now secured over $174 million in new contract wins and contract renewals YTD in FY24.

Ben Pieyre, Boom Logistics’ CEO said “The contract builds upon our relationship with Newmont where we have established a track record of executing and delivering large project work. Boom are continuing to see a strong operating environment across our core markets and remain actively engaged in discussions for further work with a range of counterparties. The positive operating outlook and our continued execution against our strategic roadmap provides continued confidence in achieving our FY24 guidance of an NPAT in excess of $6 million and delivering enhanced returns for our shareholders.”

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This release has been approved for distribution by the Board of Directors of Boom Logistics Limited.

Further information:

Corporate:

Investors

Ben Pieyre Craig Sainsbury Chief Executive Officer and Managing Director Automic Group +61 3 9207 2500 +61 428 550 499 craig.sainsbury@automicgroup.com.au

This announcement 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 reflect expectations at 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 are cautioned to not place undue reliance on any 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. Past performance cannot be relied on as a guide to future performance. Readers are cautioned to not place undue reliance on forward-looking statements or guidance, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption arising in connection with COVID-19.

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ABN 28 095 466 961 Boom Logistics Limited Suite B Level 1, 55 Southbank Boulevard Southbank VIC 3006

T +61 3 9207 2500 E info@boomlogistics.com.au