Macmahon Holdings Limited · ASX:MAH
Macmahon — Shareholder Meeting (November 2013)
77 slides from Macmahon's shareholder meeting presentation, Nov 15, 2013
Slide 1: Annual General Meeting 2013
nnual General Meeting 2013 15 November 2018 (@) MACMAHON
Slide 2: Chairman
Chairman Q MACMAHON
Slide 3: Board of Directors
Barry Cusack Ross Carroll Vyril Vella Lf Jim Walker Giles Everist Eva Skira Board of Directors Q MACMAHON
Slide 4: Chairman
Chairman Q MACMAHON
Slide 5: Group Profit After Tax
Group Profit After Tax 6 millions) 56.1 37.9 1.0 2009 2010 2011 2012 Q MACMAHON
Slide 6: Sale of construction assets and entitlement offer
i Sale of construction assets effected in February 2013 @ Successful completion of $80.7 million entitlement offer @ Net loss after tax of $29.5 million Q MACMAHON
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Slide 8: $2.4 billion of new mining work won
Q MACMAHON $2.4 billion of new mining work won @ Record mining order book of $3.2 billion at year end @ Strong cash flows from continuing operations @ Gearing of 15.4%
Slide 9: Hong Kong
~ Hong Kong Q MACGMAHON
Slide 10: ©)
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Slide 11: Highlights
1 H Aighlights Q MACMAHON @ Five year, $1.8 billion Christmas Creek Mine expansion project @ Two year extension at Olympic Dam m@ Ramp-up at the ten year $900 million Tropicana Gold Project @ Record production at Orebody 18
Slide 12: Chairman
Chairman Q MACMAHON
Slide 13: Q MACMAHON
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Slide 14: Q MACMAHON = —
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Slide 15: Q MACMAHON
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Slide 17: ©)
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Slide 18: Q MACMAHON
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Slide 19: — QC)
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Slide 22: ©)
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Slide 23: New Appointments
New Appointments EB Giles Everist Jim Walker Q MACMAHON 23
Slide 24: Retiring Directors
Retiring Directors Barry Ford David Smith Q MACMAHON 24
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Slide 26: Challenging conditions
Challenging conditions @ Uncertainty around new work @ Expected 2014 revenue between $0.9 - 1.2 billion Q MACMAHON 26
Slide 27: Chairman
Chairman Q MACMAHON
Slide 28: Annual General Meeting 2013
Annual General Meeting 2013 15 November 2018 (@) MACMAHON 28
Slide 29: Chief Executive Officer
Chief Executive Officer Q MACMAHON 29
Slide 30: Chief Financial Officer
Chief Financial Officer Q MACMAHON
Slide 31: Chief Operating Officer - Surface Mining and Infrastructure Services
31 aN ae Ya a raw =e raser Ramsay Chief Operating Officer — Surface Mining and Infrastructure Services Q MACMAHON
Slide 32: Chief Operating Officer - Underground, International and HSEQ
UK WUSIllrlOttld Chief Operating Officer — Underground, International and HSEQ Q MACMAHON 32
Slide 33: Executive General Manager - Underground
Executive General Manager — Underground Q MACMAHON
Slide 34: Group General Manager - Market Development
Group General Manager — Market Development Q MACMAHON 34
Slide 35: General Manager - Human Resources
General Manager — Human Resources Q MACMAHON 35
Slide 36: General Manager - HSEQ
General Manager — HSEQ Q MACMAHON 36
Slide 37: — QC)
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Slide 38: TRIFR and LTIFR
4.6 3.5 1.4 0.8 0.4 0.2 0.9 2009 2010 2011 2012 2013 TRIFR (Total Recordable Injury Frequency Rate) m= LTIFR (Lost Time Injury Frequency Rate) Q MACMAHON 38
Slide 39: Reaffirming safety focus
39 Q MACMAHON @ Reaffirming safety focus # Group Safety Improvement Plan implemented @ CEO Significant Incident Review meetings @ Greater transparency and oversight of operations
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Slide 41: Mining Profit After Tax
Mining Profit After Tax ¢ mitions) 43.6 ae 36.7 | . 26.0 | 13.5 | | (3.5) 2009 2010 2011 2012 2013 Q MACMAHON a
Slide 42: Strong Client Base
686 RioTinto Mews bhpbilliton tetas a_ ee ed Peabot ly @ NEWCREST Independence Group SEES MINING LIMITED aL I$ __ Aarance NEWMONT. strong Client Base A ANGLOGOLD ASHANTI de xstrata ERIENES-TT Q MACMAHON
Slide 43: Revenue by Client and Commodity
Revenue by Client Other Metals X 2% Newmont 3% Xstrata 4% Rio Tinto Fortescue Metals Group Peabody 16% 10% - Yancoal rdenes Tavan Tolgoi JSC = ae Lafarge 4% AngloGold BHP Billiton Independence JV 23% 7% Q MACMAHON 43 Revenue by Commodity Coal 20% Copper Diamonds Limestone Iron Ore Diversification St
Slide 44: Map of Operations
Map of Operations Q MACMAHON 44
Slide 45: Commodity price volatility continues
45 Q MACMAHON — Commodity price volatility continues @ Increased competition for tenders @ Margin pressure
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Slide 47: Market Conditions
Slide 48: Pillars of Success
48 llars of Success Q MACMAHON Improved Safety Performance Improved Business Development Commencement of Business Improvement Program Investing in our People |
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Slide 50: Tropicana Gold Project
Tropicana Gold Project Client: AngloGold Ashanti and Independence Group Q MACMAHON
Slide 51: Client: BHP Billiton
ds re} Client: BHP Billiton Q MACMAHON
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Slide 53: Client: BHP Billiton
Client: BHP Billiton Q MACMAHON 53
Slide 54: Ranger Deeps
Ranger 3 Deeps Exploration Decline Client: ERA Q MACMAHON 54
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Slide 56: Ewekoro, Nigeria
Ewekoro, Nigeria Client: Lafarge == ii di Q MACMAHON
Slide 57: Tavan Tolgoi, Mongolia
Tavan Tolgoi, Mongolia Client: Erdenes Tavan Tolgoi Q MACMAHON
Slide 58: Challenging year ahead
58 Q MACMAHON @ Challenging year ahead @ Healthy tender pipeline but increased competition # International expansion @ Focus on margins, efficiencies, and cost reduction @ Business Improvement Plan implemented
Slide 59: Chief Executive Officer
Chief Executive Officer Q MACMAHON
Slide 60: Annual General Meeting 2013
Annual General Meeting 2013 15 November 2018 (@) MACMAHON
Slide 61: Chairman
Chairman Q MACMAHON
Slide 62: Resolution: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report “That for the purposes of section 250R(2) of the Corporations Act, the Remuneration Report (which forms part of the Directors’ report for the year ended 30 June 2013) be adopted.” Q MACMAHON 62
Slide 63: Resolution - Proxy Results
EE Resolution 1 — Proxy Results Adoption of Remuneration Report For 577,026,747 86.46% Against 75,196,849 11.27% At the Proxies’ Discretion 15,179,424 2.27% Abstain/Excluded 33,527,075 N/A Total Proxy votes = 52.89% of shares on issue Q MACMAHON 63
Slide 64: Resolution: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report “That for the purposes of section 250R(2) of the Corporations Act, the Remuneration Report (which forms part of the Directors’ report for the year ended 30 June 2013) be adopted.” Q MACMAHON 64
Slide 65: Resolution: Re-election of Giles Everist
Resolution 2 Re-election of Charles Roland Giles Everist as a Director “To re-elect Mr Giles Everist, who was appointed by the Board on 19 June 2013 and automatically retires from the office of Director in accordance with rule 3.3(a) of the Company’s Constitution, and being eligible, offers himself
Slide 66: Resolution - Proxy Results
Resolution 2 — Proxy Results Re-election of Charles Roland Giles Everist as a Director For 646,181,184 92.37% Against 96,053,047 5.44% At the Proxies’ Discretion 15,286,732 2.19% Abstain/Excluded 1,428,633 N/A Total Proxy votes = 55.44% of shares on issue Q MACMAHON 66
Slide 67: Resolution: Re-election of Giles Everist
Resolution 2 Re-election of Charles Roland Giles Everist as a Director “To re-elect Mr Giles Everist, who was appointed by the Board on 19 June 2013 and automatically retires from the office of Director in accordance with rule 3.3(a) of the Company’s Constitution, and being eligible, offers himself
Slide 68: Resolution: Re-election of James Walker
Resolution 3 Re-election of James Allan Walker as a Director “To re-elect Mr James Walker, who was appointed by the Board on 11 October 2013 and automatically retires from the office of Director in accordance with rule 3.3(a) of the Company’s Constitution, and being eligible, offers himself for re-e
Slide 69: Resolution - Proxy Results
Resolution 3 — Proxy Results Re-election of James Allan Walker as a Director For 676,382,895 96.69% Against 7,859,159 1.12% At the Proxies’ Discretion 15,307,566 2.19% Abstain/Excluded 1,380,477 N/A Total Proxy votes = 55.44% of shares on issue Q MACMAHON 69
Slide 70: Resolution: Re-election of James Walker
Resolution 3 Re-election of James Allan Walker as a Director “To re-elect Mr James Walker, who was appointed by the Board on 11 October 2013 and automatically retires from the office of Director in accordance with rule 3.3(a) of the Company’s Constitution, and being eligible, offers himself for re-e
Slide 71: Resolution: Performance Rights to Ross Carroll
val Resolution 4 Approval of Grant of Performance Rights to Ross Anthony Carroll “That for the purposes of ASX Listing Rule 10.11, the grant to Mr Ross Anthony Carroll as the Company’s Managing Director and Chief Executive Officer of: (a) 490,124 Class A Performance Rights; (b) 735,186 Class B Perfo
Slide 72: Resolution - Proxy Results
72 Resolution 4 — Proxy Results Approval of Grant of Performance Rights to Ross Anthony Carroll 972,535,853 83.36% 107,070,650 15.59% 7,222,125 1.05% 14,101,470 N/A For Against At the Proxies’ Discretion Abstain/Excluded Total Proxy votes = Q MACMAHON 54.44% of shares on issue
Slide 73: Resolution: Performance Rights to Ross Carroll
73 Resolution 4 Approval of Grant of Performance Rights to Ross Anthony Carroll “That for the purposes of ASX Listing Rule 10.11, the grant to Mr Ross Anthony Carroll as the Company’s Managing Director and Chief Executive Officer of: (a) 490,124 Class A Performance Rights; (b) 735,186 Class B Perfor
Slide 74: Resolution: Spill Resolution
Resolution 5 Spill Resolution “That: (a) an extraordinary meeting of Shareholders (‘spill meeting”) be held within 90 days of the Company’s 2013 Annual General Meeting (AGM’); (b) all the Company’s Directors (other than the Managing Director) who were Directors of the Company when the Board approved
Slide 75: Resolution - Proxy Results
75 Resolution 5 — Spill Resolution For Against At the Proxies’ Discretion Abstain/Excluded Total Proxy votes = Q MACMAHON Proxy Results 63,275,025 953% 585,087,919 88.19% 15,110,460 2.28% 37,456,695 N/A 52.59% of shares on issue
Slide 76: Resolution: Spill Resolution
Resolution 5 Spill Resolution “That: (a) an extraordinary meeting of Shareholders (‘spill meeting”) be held within 90 days of the Company’s 2013 Annual General Meeting (AGM’); (b) all the Company’s Directors (other than the Managing Director) who were Directors of the Company when the Board approved
Slide 77: Annual General Meeting 2013
Annual General Meeting 2013 15 November 2018 (@) MACMAHON
Macmahon Holdings — Shareholder Meeting (November 2013) on 6ix