Nrw Holdings Limited · ASX:NWH
Nrw — Shareholder Meeting (November 2017)
20 slides from Nrw's shareholder meeting presentation, Nov 20, 2017
Slide 1: Address to the 2017 NRW AGM by Julian Pemberton (part 1)
Address to the 2017 NRW Holding Annual General Meeting by Mr Julian Pemberton Thank you Mr. Chairman and good morning ladies and gentlemen. For personal use only Before I go through the broader 2017 business review, I want to start by reflecting on what the company has achieved over the last year an
Slide 2: CEO address continued: operations and Golding acquisition
The business continued to work on the Forrestfield Airport link project with our joint venture partner Salini Impregilo which is progressing well and during October the second tunnel boring machine was commissioned and commenced tunnelling activities. Work is also being undertaken across the Forrest
Slide 3: CEO address continued: pipeline and closing remarks
The Golding business is a fantastic business in its own right with an excellent delivery capability and long term tier one clients, however the real additional value for NRW as we move further into an upcycle in activity is the large pool of resources and expertise we have available to deploy across
Slide 4: NRW Holdings Annual General Meeting November 2017
For personal use only NRW Holdings Annual General Meeting 20 November 2017
Slide 5: Forward Looking Statements
Forward Looking Statements For personal use only Disclaimer Information, including forecast financial information in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities of other instruments in NRW Holdings Limited or any oth
Slide 6: Board of Directors
Board of Directors For personal use only NRW’s Board (L-R): Jeff Dowling, Non-Executive Director, Peter Johnston, Non-Executive Director, Julian Pemberton, Chief Executive Officer and Managing Director and Michael Arnett, Chairman Non-Executive Director. 3
Slide 7: Summary of Results
Summary Summary of Results of Results NRW FY17 results For personal use only • Revenue: $370.3M (up 30%) NRW Revenue • EBITDA : $58.8M (up 24%) $370M 400 +30% • Net profit after tax: $28.5M (up 33%) 350 $288M 300 Balance sheet restructured 250 • Significant reduction in Net Debt to $20.8M from $59.3
Slide 8: Share price
Share price For personal use only Golding acquisition and FY17 results Release of FY16 results Award of Forrestfield-Airport Link contract 5
Slide 9: Operational Performance
For personal use only Operational Performance
Slide 10: NRW Civil and Mining
NRW Civil and Mining For personal use only • Revenues increased to $272.6M (FY16: $203.6M) • EBITDA : $46.6M (FY16: $33.2M) Civil project awards Western Australia • Rio Tinto Iron Ore at Yandicoogina • Fortescue Metals Group at Solomon • Pilbara Minerals at Pilgangoora (new client) Queensland • Rio
Slide 11: NRW Civil and Mining: Forrestfield-Airport Link
NRW Civil and Mining For personal use only Forrestfield-Airport Link • Project progressing well • Second Tunnel Boring Machine (TBM) began tunneling in October • Construction sites at Forrestfield, Airport Central, Belmont and Bayswater Forrestfield-Airport Link project 8
Slide 12: NRW Civil and Mining: Contract Awards
NRW Civil and Mining For personal use only • Rio Tinto Iron Ore Nammuldi mining contract completed during the year • Queensland Middlemount mining contract is performing well • $110M contract secured for new client Altura Mining at Pilgangoora Lithium project Contract Awards for NRW Civil and Mining
Slide 13: Action Drill & Blast
Action Drill & Blast For personal use only • Revenue $88.1M (FY16: $81.9M) • EBITDA $10.0M (FY16: $8.1M) • Hughes Drilling acquisition integrated into group during second half FY17 • Currently operates 18 projects and fleet of 65 rigs Contract Awards for Action Drill & Blast • New work and extension
Slide 14: AES Equipment Solutions
AES Equipment Solutions For personal use only • AES Equipment Solutions provide maintenance services to the mining and resources sectors including the fabrication of water and service trucks • Revenues $16.3M (FY16 $13.6M) • Business operating on cash neutral basis, with signs of improvement in the
Slide 15: HSET & People
HSET & People For personal use only • ADB employment numbers doubled on acquisition of Hughes Drilling in December 2016 • Significant increase in group numbers from August 2017 on acquisition of Golding, combined with increased activity in NRW Civil and Mining • 9.6% Indigenous employment as a perce
Slide 16: Golding
Golding Urban For personal use only Civil Mining 13
Slide 17: Golding
Golding For personal use only • Strong strategic fit adding significant scale through an expanded service offering with Tier 1 clients. • Enhanced capability combined with NRW’s experience in major projects, unlocks further opportunities to pursue large scale upcoming infrastructure and resource pro
Slide 18: Pipeline Diversification & Outlook
Pipeline Diversification & Outlook For personal use only NRW FY17 Revenue Analysis1 Pipeline Combined2 13% Civil Resources 24% 21% 31% Infrastructure & Urban 7% 26% Mining 48% Action Drill & Blast 30% • Golding delivers expansion and diversification of NRW’s business profile and geographic exposure.
Slide 19: Project Locations
For personal use only Project Locations 16
Slide 20: For personal use only
For personal use only 17