Mlg Oz Ltd · ASX:MLG
Mlg Oz — Shareholder Meeting (November 2023)
12 slides from Mlg Oz's shareholder meeting presentation, Nov 1, 2023
Slide 1: Annual General Meeting – Managing Director and CEO Presentation
ANNUAL GENERAL MEETING Managing Director and CEO Presentation For personal use only 01 NOVEMBER 2023
Slide 2: The FY2023 Financial Year Finished Strongly
THE FY2023 FINANCIAL YEAR FINISHED STRONGLY Statutory Revenue $383.8m +32.4% ($289.8m FY22) 1. Delivered continued strong revenue growth, For personal use only Underlying EBITDA 2. Increased the number of MLG employees by 30%, $38.1m +27.0% 27.0% 3. Improved our productivity and utilisation of asset
Slide 3: MLG Continues to Experience High Demand for Its Services
MLG CONTINUES TO EXPERIENCE HIGH DEMAND FOR ITS SERVICES “Expansion of production For personal use only across Western Australia’s gold producers and the expanding lithium and base metals developments driving a material increase in demand from our strategically located company owned quarries”. 3
Slide 4: Strategically Located Sources of Construction Material
STRATEGICALLY LOCATED SOURCES OF CONSTRUCTION MATERIAL For personal use only STRATEGICALLY LOCATED SITES ENSURE ACCESS TO HIGH VOLUME OF CONSTRUCTION MATERIAL 5 - Materially increasing demand for volume - Forms key integration with our client needs - Capacity to expand - 100% MLG controlled 1 2 - Ke
Slide 5: Increase in Headcount Is Driving Improved Productivity
INCREASE IN HEADCOUNT IS DRIVING IMPROVED PRODUCTIVITY Higher number of operators and road train drivers increases utilisation of equipment and therefore production volumes which in turn increases revenue For personal use only FY2023 FY2024 • 40.0% increase in 1000 45.00% 916 912 headcount 875 878 8
Slide 6: Expansion of Processing Capacity Driving Significant Demand
EXPANSION OF PROCESSING CAPACITY DRIVING SIGNIFICANT DEMAND Leonora and Laverton District NOW Gold Processing Capacity 10 11.5 34.7 mtpa mtpa For personal use only Years ago Jundee Expanded +1.3m Wiluna Same - Bellevue New +1.8m Agnew Expanded +0.2m Rosemont New +1.5m Moolart Well Same - Garden Well
Slide 7: Improved Financial Performance in FY2023
IMPROVED FINANCIAL PERFORMANCE IN FY2023 Pro forma1 revenue 400.0 350.0 375.2 FY2023 FINANCIAL PERFORMANCE *Pro-Forma Pro Forma Pro Forma Underlying Statutory Statutory For personal use only 300.0 250.0 286.8 $000’s Notes FY23 FY23 FY22 254.0 $Am 200.0 Revenue 200.0 205.0 150.0 Mine Site Services an
Slide 8: Debt Profile – 90% of Financial Debt Is Equipment Finance
DEBT PROFILE – 90% OF FINANCIAL DEBT IS EQUIPMENT FINANCE Higher profitability and sale of high-capacity crushing plants has resulted in lower gearing position Working Capital Overdraft 10% F I NANCIAL L I ABI LI TIES For personal use only Finance Companies 14% 15.7% Big Four Banks 44% Equipment Fi
Slide 9: First Quarter of FY2024 Has Started Strongly
FIRST QUARTER OF FY2024 HAS STARTED STRONGLY Margins have improved over Q1 • Margin delivery in Q1 trending above FY23 second half run rate For personal use only • Revenue higher than pcp • Majority of projects delivering more consistently • Strong utilisation and productivity continues to drive hig
Slide 10: Outlook for H1 Is Strong with Opportunity for Growth in H2
OUTLOOK FOR H1 IS STRONG WITH OPPORTUNITY FOR GROWTH IN H2 First half trading environment has been supportive • Margin delivery in Q1 trending above FY23 second half run rate For personal use only • Revenue higher than prior comparable period • Client demand for volume and additional scope has been
Slide 11: Annual General Meeting – Managing Director and CEO Presentation
ANNUAL GENERAL MEETING Managing Director and CEO Presentation For personal use only 01 NOVEMBER 2023
Slide 12: 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