Nrw Holdings Limited · ASX:NWH
Nrw — Investor Presentation (August 2016)
21 slides from Nrw's investor presentation, Aug 18, 2016
Slide 1: FY16 Year End Results
— Holdings FY16 Year End Results
Slide 2: Summary of Results
Summary of Results • Revenue of $288.0M • EBITDA of $47.4M; EBITDA Margin 16.4% • Net profit after tax of $21.5M and earnings per share of 7.7 cents • New work secured in FY16 of $577M increasing the order book to circa $1B • Significant reduction in net debt to $59.3M from $107.6M at June 2015 • Im
Slide 3: Overview
Overview • $1.2B four year Forrestfield-Airport Link project awarded to NRW (20%) and Salini Impregilo of Italy (80%) for SI-NRW Joint Venture • Action Drill & Blast (ADB) secured $122M in long term contracts: St. Ives, Isaac Plains and a three year contract extension for drilling services at Middle
Slide 4: Operational Overview
Middlemount Coal Mine Operational Overview
Slide 5: Health, Safety and Environment
Health, Safety and Environment • TRIFR for NRW Holdings was 7.18 at June 2016, an increase from the 3.88 in June 2015 • LTIFR remained steady throughout FY16 at 0.60 (June 2016), a marginal increase from 0.19 (June 2015) − Action Drill & Blast: Lost time injury free for four years • Automation of in
Slide 6: People
People • Workforce of 832 personnel retained NRW Workforce as at 30 June 2016 • Achieved a peak Indigenous employment level of 6.9%, with over 80% retention • Improvement in female employment rate to 14.17% • Former NRW employees offered re-employment opportunities due to new work secured during FY1
Slide 7: Financial Overview
Artist Impression: Forrestfield-Airport Link, Airport West Station Financial Overview
Slide 8: Summary Financials
Summary Financials • Civil and Mining: − Reduction in revenue due to completion of major civil projects in FY15 − Margins reflect FY16 project mix • ADB activity increase in the second half, with improvement in profitability • AES continues to be impacted by low demand for workshop services and prod
Slide 9: Cash and Debt
Cash and Debt • Full conversion of EBITDA to operating cash • Debt rescheduling agreed with NRW banking • Capex ($9.1M) to sustain current fleet, equipment group: disposals realised at book value - $9.8M − Repayment profile shows debt fully amortised by December 2018 • Significant reduction in net d
Slide 10: Balance Sheet
Balance Sheet Net Tangible Assets – June 16 • Net tangible assets 53 cents per share • All debt relates to asset financing: − $76.2M net NRW ‘owned fleet’ • Business operated with no increase in working capital in the year • Reversal of impairment $5.5M mostly offset stock write-off relating to disp
Slide 11: Business Unit Overview
Ravensthorpe Heavy Haulage Route Business Unit Overview
Slide 12: NRW Civil and Mining
NRW Civil and Mining • Revenues totalled $203.6M: - Civil: $29.8M - Mining: $173.8M • Nammuldi Incremental Tonnes project progressing well – Commissioned second 5 mtpa crusher • Middlemount Coal contract progressing well • Successfully completed North Star project for Ironbridge Operations (Fortescu
Slide 13: NRW Civil and Mining: New Contract Awards
NRW Civil and Mining New Contract Awards • $1.2B four year Forrestfield-Airport Link project for Public Transport Authority Western Australia in JV with Salini-Impregilo (NRW share 20%) • Awarded Yandi Oxbow for Rio Tinto Iron Ore (RTIO) • NRW-NYFL JV contract win - Nammuldi Waste Fines Storage, for
Slide 14: Action Drill & Blast
Action Drill & Blast • Revenues $82.9M, earnings $2.3M: − Challenging first half - second six months improved performance − Second half margin of 4.9% • $122M new work secured in the year includes: − Contract extension to provide drilling and blasting services to Middlemount Coal: $25M over three ye
Slide 15: AES Equipment Solutions
AES Equipment Solutions • AES Equipment Solutions (AES) provide maintenance services to the mining and resources sectors including the fabrication of water and service trucks • Revenues $13.6M: ˗ Growth in workshop services: salt specification vehicles and maintenance of large hire company equipment
Slide 16: Pipeline and Outlook
Nammuldi Below Water Table Pipeline and Outlook
Slide 17: Tender Pipeline
Tender Pipeline Tender Pipeline FY17 • Order book of $984M at June 2016 • Tendering pipeline valued at $2.7B: NRW Civil $0.8B NRW Mining $1.2B ADB $0.7B • Salini Impregilo-NRW (SI-NRW) Joint Venture shortlisted for NorthLink WA Stage 2 Order book: Year of delivery • Mining includes tenders for clien
Slide 18: Outlook
Outlook • NRW’s two key markets, resources and infrastructure, showing signs of stability with an increase in tender opportunities, particularly over the past few months: - Resources: signs that commodity prices may be stabilising, however clients continue to strive for lower operating costs and imp
Slide 19: FY16 Project locations
FY16 Project locations WA - Pilbara Rio Tinto Iron Ore Nammuldi Incremental Tonnes Phase 2 Ironbridge Operations North Star Bulk Earthworks Fortescue Metals Group Solomon Trinity Overpass Rio Tinto Iron Ore Nammuldi Incremental Tonnes Fortescue Metals Group Cloudbreak Rio Tinto Iron Ore Yandi Oxbow
Slide 20: Disclaimer
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 other company. Due care and attention has been use
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