Boom Logistics : AGM Presentation – 21/11/18

21 November 2018

Safety

•  Completed two years and 2.8 million hours worked without a Lost Time Injury (LTI)

•  Total Recordable Injury Frequency Rate (TRIFR) below 10 for the second year

•  Continue journey towards Zero Harm

TRIFR

12.0

10.0

8.0

6.0

4.0

2.0

-

ActualForecast

Purpose

•  Our purpose is to profitably grow our business through innovative customer lifting solutions and specialised labour hire services in the markets we serve

•  Introduce new value added solutions:

  •  engineering services

  •  extend into maintenance programs

  •  provide specialised skilled labour hire

Michael Spedding GM Travel TowersTony Raby GM NSW & QLD

Joined 2010

Brenton Salleh GM Vic, SA, WA

Joined 2003

Shane Stafford

Joined 2015

GM readi Joined 2014

Rob Wright GM Safety & Quality

Joined 2012

Tim Rogers

CFO Joined 2015

Malcolm Ross General Counsel

Joined 2011

IR Update in NSW

•  Negotiated new Enterprise Agreements with the CFMMEU and industrial dispute now resolved

•  Agreed to stand alone labour agreements at Port Kembla, Singleton and Newcastle

•  Focus on rebuilding credibility and working closely with our customers in the region

•  Recover labour cost increases, general market prices to rise between 10% to 20%

•  Restructuring and downsizing Newcastle crane depot - economically unsustainable

•  Relocate Newcastle assets to other regions to support new growth opportunities & release for sale

•  Financial impact from the NSW industrial dispute, will be circa $3.0 million decrease in EBITDA

3

•  Revenue at the end of October at $64 million compared to $62 million last year

•  Trading EDITDA in the first four months is circa $7.5 million

•  Trading EBIT of circa $2.3 million is marginally ahead of last year

•  The negative impact of the NSW strike was circa $1.5 million EBIT in the period to October

•  As utilisations improve, crane availability tightens, general price rises are projected. Negotiations with customers to occur as existing contracts are renewed

•  EBITDA is forecast to be circa $27 million for the full year, 30% higher than FY18

REVENUE Jul to Oct ($m)

70

60

50

40

30

20

10

0

FY17

FY18

Trading EBIT - Jul to Oct ($m)

FY19

3 2 1 0 -1 -2 -3 -4

FY17	FY18 FY19