Emeco

Better Equipped | Equipment Solutions for Mining

First Quarter Operational Update

19 October 2015

HIGHLIGHTS:

  • Group utilisation averaged 75% in Q1 FY16, up from 59% in Q1 FY15, while operating utilisation averaged 46%, up from 41%
  • Revenue for Q1 FY16 was $55.2 million (unaudited), up 12% on Q1 FY15
  • EBITDA margin improved to 24%, up from 9% in Q1 FY15
  • $9.1 million operating cash flow generated in Q1 FY16
  • Project Fit on target for $14 million cost reduction in FY16
  • Successful implementation of Emeco Operating System (EOS) at Alkane Tomingley gold mine achieving cost savings for the customer

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