Macmahon Holdings Limited · ASX:MAH
Macmahon — Euroz Hartleys Industrial Forum 2023
11 slides from Macmahon's conference presentation, Nov 21, 2023
Slide 1: Euroz Hartleys Industrial Forum
Euroz Hartleys Industrial Forum 21 November 2023
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer as to forward looking statements The forward looking statements in this presentation reflect views Non-IFRS Financial Information This presentation contains forward looking statements, including held only as at the date of this presentation. This presentati
Slide 3: Our Business & FY23 Financial Highlights
Our Business & FY23 Financial Highlights 60 Year Anniversary and record underlying operating earnings delivered Underlying EBITDA1 Revenue Our Business (Record) FY24 Secured Revenue5 ✓ Established 1963 $308.7m p 6% $1.9bn p 12% $1.6bn 15.7% margin ✓ Comprehensive range of integrated mining services
Slide 4: Track record of delivering earnings guidance
Track record of delivering earnings guidance Revenue ($m) Underlying EBIT(A) ($m) 1,706 excl. BH71 Original Guidance 1,600–1,700 (Aug-22) Updated Original Guidance Guidance 1,850–1,950 105–125 (Feb-23) (Aug-22) Updated Guidance Updated Guidance Guidance Guidance Guidance 1,900 Guidance Guidance Guid
Slide 5: Expanding into Lower Capital Intensity Services
Expanding into Lower Capital Intensity Services FY18 Revenue Mix FY23 Revenue Mix 7% 3% 9% TARGET 25% $710m $1.9b 66% 90% Revenue Mix Tender Pipeline1 FY18 Pipeline 1% 29% 21% 33% $5.4bn $11.8bn EBIT(A) ROACE Margin 78% p 8% p 20% 38% 1 – As at 17 November 2023 Mining Support Services & 5 Surface Un
Slide 6: FY24 Operational & Strategy Execution Highlights
FY24 Operational & Strategy Execution Highlights Execution of existing contracts while managing industry headwinds and securing highly filtered new work Mining Support Services Surface Mining Underground Corporate & Civil Infrastructure • $2.6b new work secured in FY23: • Increased revenue from $53m
Slide 7: Q1 FY24 Revenue Diversification
Q1 FY24 Revenue Diversification Continued improvement in business revenue mix including the addition of Lithium Commodity Client Gold Anglogold Ashanti 4% Copper/Gold 5% Calidus 7% Met Coal Newcrest 5% 20% Gold Lithium 23% Red 5 4% Other Silver Lake 60% Genesis 12% 4% Copper 8% PT AMNT Gold PT Aginc
Slide 8: Key Projects
Key Projects Diversified client portfolio CLIENT END (UNLESS EST. MINE COST CLIENT PROJECT COMMODITY SINCE EXTENDED) END DATE1 CURVE1 Tropicana, WA Gold 2012 Life of mine 2033 Q2 Telfer, WA Gold 2016 Life of mine 2026 Q4 Byerwen, QLD Met Coal 2017 June 2025 2069 Q1 Batu Hijau, Indonesia Copper / Gol
Slide 9: Capital Allocation Priorities
Capital Allocation Priorities Our Priorities ✓ Maintain resilient balance sheet, ensure appropriate liquidity and gearing ✓ Disciplined and strategically aligned growth ✓ Increase cash return to shareholders Capital 1. Maintain Financial Strength 2. Investment in Growth 3. Return Cash to Shareholder
Slide 10: Share Price & EPS Divergence
Share Price & EPS Divergence Share Price Performance vs EPS 0.35 4.00 3.50 0.30 3.00 0.25 2.50 Share Price ($) 0.20 EPS (cps) 2.00 0.15 1.50 1.00 0.10 0.50 0.05 0.00 0.00 -0.50 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Share Price EPS 10
Slide 11: Order Book $5.1bn & Tender Pipeline $11.8bn
Order Book $5.1bn1 & Tender Pipeline $11.8bn Order book provides a high level of secured revenue and earnings POSITIVE OUTLOOK $5.1bn1 Work in Hand Tender Pipeline2 Disciplined execution of Order Book Runoff ($m) our strategy 1.6 Order book of $5.1bn1 1.4 1.3 29% 33% High level of secured revenue an
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