Mlg Oz Ltd · ASX:MLG
Mlg Oz — Non-Deal Roadshow (April 2024)
17 slides from Mlg Oz's roadshow presentation, Apr 29, 2024
Slide 1: East Coast Roadshow
EAST COAST ROADSHOW Strong momentum driving improving performance For personal use only April/May 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: Where We Operate
Where We Operate CURRENT ACTIVITY © Bulk Haulage & Site Services 20 p> a inaies Screening 9 sles, Mining & Civil 2 SITES IN NT AND WA [all Offices 2 fo) Quarries 1 Cores A constmas creek @ couaoreak Keotan stand solomon NORTHERN TERRITORY cen Giprenson Caynnn One Oe OD) eros use OW rorew © Barrentan
Slide 5: 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 6: Management systems materially improve decision making
MANGAMENT SYSTEMS MATERIALLY IMPROVE DECISION MAKING REPORTING • 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 • He
Slide 7: Very strong history of revenue growth
VERY STRONG HISTORY OF REVENUE GROWTH Pro Forma1 Revenue For personal use only $375.2m FY24 Run rate (Double HY24 Revenue) 23.1% CAGR $286.8m $254.0m $199.6m $205.1m $132.7m FY18 FY19 FY20 FY21 FY22 FY23 Notes: Pro Forma offsets fuel tax credit revenue and other income against costs of sales 7
Slide 8: FY2024 - Half Year Financial Performance
FY2024 - Half Year Financial Performance For personal use only For period ended 31 December 2023
Slide 9: 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 10: Highlights – strong growth in revenue and margin
HIGHLIGHTS – STRONG GROWTH IN REVENUE AND MARGIN • Strong revenue growth with existing clients and new contract wins - Gold focused revenue underpinned by large, low-cost producers - Continued growth with existing customer base a strong endorsement of MLG business model For personal use only • EBITD
Slide 11: Headcount remains a key focus to sustain growth
HEADCOUNT REMAINS A KEY FOCUS TO SUSTAIN GROWTH EMPLOYEES 1,000 947 50.0% 900 850 45.0% 800 800 40.0% For personal use only 700 35.0% Higher number of operators 600 30.0% and road train drivers increases 500 25.0% utilisation of equipment and therefore production volumes 400 20.0% which in turn incr
Slide 12: Financial Performance – HY 2024
FINANCIAL PERFORMANCE – HY 2024 for period ended 31 December 2023 Pro forma1 revenue 250.0 Pro Forma Pro Forma Statutory Statutory 30.1% $223.2m For personal use only 200.0 $000’s Notes HY24 HY23 150.0 $171.5m Revenue $Am Mine Site Services and Bulk Haulage 23.5% 185,927 150,557 100.0 Crushing and S
Slide 13: Stronger balance sheet position to support growth
STRONGER BALANCE SHEET POSITION TO SUPPORT GROWTH FI NANCIAL LI ABILITIES Consolidated Consolidated (INCLUDING OPERATING LEASES) $000’s 31 Dec 2023 30 June 2023 $65.2m 19.8% Cash and cash equivalents 384 144 For personal use only Trade and other receivables 53,295 47,381 Inventories 16,895 14,551 $
Slide 14: Debt funded through equipment finance – asset backed
DEBT FUNDED THROUGH EQUIPMENT FINANCE – ASSET BACKED 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 FINANCIA
Slide 15: 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 16: 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
Slide 17: East Coast Roadshow
EAST COAST ROADSHOW Strong momentum driving improving performance For personal use only April/May 2024