MLG Oz Ltd · ASX:MLG
MLG Oz — Euroz Rottnest Conference 2024
10 slides from MLG Oz's conference presentation, Mar 14, 2024
Slide 1: Euroz - Rottnest Conference: Strong momentum driving improving performance
EUROZ - ROTTNEST CONFERENCE Strong momentum driving improving performance For personal use only 14 March 2024
Slide 2: Disclaimer
Disclaimer Forward looking statements This release contains certain forward looking statements and For personal use only forecasts, including in relation to possible or assumed future performance, costs, dividends, rates, prices, revenue, potential growth of MLG Oz Limited, industry growth or other
Slide 3: Large operator delivering a full integrated service model
LARGE OPERATOR DELIVERING A FULL INTEGRATED SERVICE MODEL BENEFIT OF INTEGRATED MODEL MINE • Single service provider SITE QUARRY ASSETS For personal use only • Single contractual management touch point Site Construction MINE Services MINE • Reduced duplication (single Materials SITE SITE workshop, s
Slide 4: Revenue exposure is primarily in the gold sector
REVENUE EXPOSURE IS PRIMARILY IN THE GOLD SECTOR LONG TERM QUALITY CLIENT BASE 2024 Construction Materials 8.3% For personal use only Iron Ore 4.4% Nickel 0.1% Lithium 6.4% (Bald Hill Project – Completed Jan 2024) Gold 80.9% • Strong revenue growth driven by existing customer growth and new contract
Slide 5: Focus on internal systems and data driven decision making
FOCUS ON INTERNAL SYSTEMS AND DATA DRIVEN DECISION MAKING • Daily revenue across all locations • Expense transactions by site • Profit and Loss visibility by site Performance For personal use only • Rates portal for invoicing • Rise and Fall monitoring • Dashboard metrics (multiple) People • Headcou
Slide 6: Very strong history of revenue growth
VERY STRONG HISTORY OF REVENUE GROWTH Pro Forma1 Revenue $446.4m For personal use only $375.2m FY24 Run rate (Double HY24 27.5% Revenue) CAGR $286.8m $254.0m HY2024 $223.2m Actual $199.6m $205.1m $132.7m FY18 FY19 FY20 FY21 FY22 FY23 Run Rate FY24 Notes: 1. Pro Forma offsets fuel tax credit revenue
Slide 7: Momentum driving stronger financial returns
MOMENTUM DRIVING STRONGER FINANCIAL RETURNS HY2024 Financial Performance • Industry demand continues to drive revenue growth 32.5% *REVENUE • Improving EBITDA margins For personal use only $226.4m • Material growth in overall profitability ($175.9m HY23) 28.7% 27.0% • Significant reduction in financ
Slide 8: Strong balance sheet position to support growth
STRONG BALANCE SHEET POSITION TO SUPPORT GROWTH HY2024 Financial Position Capital Structure – Financial Debt GEARING Multi tenor equipment finance contracts For personal use only (3, 4 and 5 years) 1.1x 45.0% Working Capital (2.0x HY23) Overdraft 8% Big Four Banks Finance 26% Companies FINANCIAL DEB
Slide 9: Competitor landscape also favouring MLG
COMPETITOR LANDSCAPE ALSO FAVOURING MLG MLG’s financial position and service offering is strategically well positioned For personal use only MORE RECENTLY LAST 18 MONTHS MLG does not currently • Private Bulk Haulage & have any direct Earthmoving business based in competitors who Kalgoorlie was repor
Slide 10: Outlook strong with a focus on sustainability
OUTLOOK STRONG WITH A FOCUS ON SUSTAINABILITY • Demand outlook with existing clients remains significant • For personal use only Margin expansion still a priority but expectation is to maintain similar margin through H2 - Timing of new project mobilisation and setup (New Granny Smith project and ram