Emeco

Better Equipped | Equipment Solutions for Mining

Second Quarter Operational Update

24 January 2017

HIGHLIGHTS:

  • Group utilisation averaged 85% in Q2 FY17, up from 75% in Q2 FY16, while operating utilisation averaged 53%, up from 42% in Q2 FY16
  • Revenue (unaudited) for Q2 FY17 was $46.5 million.
  • 1H FY17 represents Emeco's first half of positive EBIT since 2H FY13
  • Significant uplift in EBITDA margins in Q2 FY17 to 38%, up from 19% Q2 FY16
  • Quarter end cash balance of $34 million, $7 million in operating cash flow generated in Q2 FY17
  • Early signs of market recovery with increased number of equipment deployed in January and a number of successful project wins during the Q2 FY17

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