Macmahon Holdings Limited · ASX:MAH
Macmahon — Merger or Acquisition (January 2006)
9 slides from Macmahon's merger presentation, Jan 23, 2006
Slide 1: Acquisition of MVM Rail Business
MACGMAHON JISITION OF MVM RAIL BUSINESS 23 JANUARY 2006 a PRESENTATION HH | omnia) IV Ms ai MVM Rail
Slide 2: Overview
Overview : ©2 MACMAPICIN ~» Macmahon has acquired 60% shareholding in MVM Rail Pty Ltd (MVM) from Grupo COMSA (Spain) and FerFin (Italy) # COMSA will retain a 40% shareholding in MVM MVM is a provider of rail track construction and maintenance services in Australia & Asia & # Purchase price of $5.3m
Slide 3: MVM Rail Pty Ltd
MVM Rail Pty Ltd F QQ MACMAPICIN # Whatis MVM - A specialist rail contractor involved in new track laying, rail track refurbishment and maintenance - Founded in 1992 with Australian, Spanish & Italian shareholders - Successfully completed rail projects in Australia, Malaysia, Philippines, Taiwan, Th
Slide 4: MVM Rail Pty Ltd - Major and Other Contracts
MACMAPICIN MVM Rail Pty Ltd PF © ~~ Major Contracts ~* Other Contracts # Total MVM order Book of 87470 million Southern Improvement Alliance — MVM is a 20% Joint Venture partner in the Australian Rail Consortium which has a $500 million contract with Australian Rail Track Corporation (ARTC) for the
Slide 5: How does MVM fit with Macmahon
How does MVM fit with Macmahon : ©2 MACMAPICIN ~# Provides access to new markets for Macmahon - Significant rail capital projects in next 3 - 5 years - Large rail maintenance market - MVM will continue to pursue key opportunities in QLD, NSW, VIC and WA - Industry trend is towards increased outsourc
Slide 6: Benefits of retaining COMSA as a 40% shareholder
MACMAPICIN Benefits of retaining COMSA as a 40% shareholder | ©2 # COMSA has reduced its shareholding in MVM from 75% to 40%, with FerFin SpA selling its entire 25% stake to Macmahon ~ Whatis COMSA - Privately owned Spanish Construction Company founded in 1891 - Operations in Spain, Portugal, Italy,
Slide 7: Financial Transaction
Financial Transaction : ©2 MACMAPICIN # Price of $5.3 million for Macmahon 60% share Funded from existing Macmahon cash reserves w Transaction effective date of 1 February 2006 # Assets Rail tracklaying and maintenance equipment Current contracts, expertise and people Relationship with COMSA ~ Reven
Slide 8: Overview of Rail Markets
Overview of Rail Markets QQ MACMAPICIN # Rail Construction in Australia Current construction market is $2 billion pa with substantial growth forecast High number of large projects in NSW and QLD Increased transport infrastructure required for resource sector and general freight Significant Governmen
Slide 9: How will MVM be run
How will MVM be run ©2 | MACMALOIN ~» MVMwill operate as a separate company with its own Board and Management ~# All key MVM people retained + Macmahon to provide additional senior management # Macmahon will provide support in areas of; - People - Finance - Systems (QA, Environmental, Community Rela
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