Emeco

Better Equipped | Equipment Solutions for Mining

First Quarter Operational Update

17 October 2016

HIGHLIGHTS:

  • Revenue for Q1 FY17 was $42.5 million, underlying operating EBITDA margin was 37.6%
  • Group utilisation averaged 85% over Q1 FY17, while operating utilisation averaged 50%
  • Emeco entered into a restructuring support agreement (RSA), outlining a framework to recapitalise the company and merge with Orionstone and Andy's Earthmovers
  • Quarter end cash balance $29.8 million, including $15.4 million from closure of remaining cross currency interest rate swaps

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