BOOM LOGISTICS LIMITED — Interim / Quarterly Report 2021

Feb 23, 2021

Appendix 4D Half Year Report

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Appendix 4D

Half Year Report to the Australian Stock Exchange

Name of Entity	Boom Logistics Limited
ABN	28 095 466 961
Half Year Ended	31 December 2020
Previous Corresponding Reporting Period	31 December 2019

Results for Announcement to the Market

Results for Announcement to	the Market
	31 December2020$’000	31 December2019$’000	Percentageincrease/(decrease) overpreviouscorrespondingperiod
Revenue from operations	84,230	94,857	(11%)
Profit / (loss) from continuingoperations after tax attributableto members	435	(5,766)	not meaningful
Net profit / (loss) for the periodattributable to members	435	(5,766)	not meaningful

Dividends (distributions)	Amount per security	Amount per security	Franked amount persecurity
Final Dividend	NA		NA
Interim Dividend	0.5 cents		Nil
Record date for determiningentitlements to the dividends (if any)		26 March 2021
Date the dividend is payable		16 April 2021

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Appendix 4D Half Year Report

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Brief explanation of any of the figures reported above necessary to enable the figures to be understood:

Trading earnings before interest, tax, depreciation and amortisation (EBITDA) was $17.7 million for the half year ended 31 December 2020 (1H FY20: $14.9 million). On a statutory basis, earnings before interest and tax EBIT was $2.3 million (1H FY20: loss of $3.5 million) and net profit after tax was $0.4 million (1H FY20: loss of $5.8 million).

The improved performance reflected the Group’s focus on profitable project work and recurring revenue in the period with strong cost control disciplines in place.

Revenue from operations was down 11% on the prior period as a result of:

• Reduction of wind farm construction activity in the period due to project timing;

• Project delays being incurred in the infrastructure sector;

• Reduction of mining shutdown activity in Central Queensland, Western Australia and South Australia as customers have adjusted their work practices in response to border closures and safe work practices;

• Reduction in revenue from labour services to support these operations.

Further commentary on the results for the reporting period are contained in the ASX Release and the Market Presentation both dated 24 February 2021.

NTA Backing

NTA Backing
	Current Period	Previous
		corresponding
		period
Net tangible asset backing per ordinarysecurity(cents per share)a	$0.27	$0.30
aThe right-of-use asset of $20.8 million (31 December 2019: $25.3 million) has been treated as a
tangible asset for the purpose of the NTA backing calculation.

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Appendix 4D Half Year Report

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Other Categories

Other Categories
Control gained over entities having material effect	NA
Loss of control gained over entities having material effect	NA
Details of associates and joint venture entities	NA
Foreign entities accounting framework	NA

Audit/Review Status

This report is based on accounts to which one of the following applies: (Tick one) The accounts have been audited The accounts have been subject to  review

If the accounts are subject to audit dispute or qualification, a description of the dispute or qualification:

Attachments Forming Part of Appendix 4D

Attachment #	Details
1	Half-Year Financial Report
2	Audit Review Report
Signed By (Director/Company
Secretary)
Print Name			TONY SPASSOPOULOS
Date			24 FEBRUARY 2021

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