Macmahon Holdings Limited · ASX:MAH
Macmahon — Canaccord Mining Services Series June 2023
10 slides from Macmahon's conference presentation, June 2023
Slide 1: Canaccord Mining Services Series June 2023
Canaccord Mining Services Series June 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 held only as at the date of this presentation. This presentation uses non-IFRS financial information including This presentatio
Slide 3: Our Business – 60 Year Anniversary & 1HFY23 Key Highlights
Our Business – 60 Year Anniversary & 1HFY23 Key Highlights Revenue Underlying EBITDA1 ✓ Established 1963 FY23 Secured Revenue5 $987.2m p 21.9% $149.3m p 7.6% $1.8bn ✓ Comprehensive range of 15.1% margin integrated mining services in Australia and Southeast Asia Underlying EBIT(A)1 Underlying operati
Slide 4: On track to deliver earnings guidance
On track to deliver earnings guidance Updated Guidance 1,850 – 1,950 Revenue ($m) EBIT(A) ($m) Guidance unchanged 1800 1,698 120 105 – 125 1600 101 100 95 1,380 1,351 92 1400 1200 1,103 80 75 987 1000 60 54 800 710 42 600 40 400 Guidance Guidance Guidance Guidance Guidance Guidance Guidance Guidance
Slide 5: Capital Allocation Policy to Balance Growth and Shareholder Returns
Capital Allocation Policy to Balance Growth and Shareholder Returns Our Priorities ✓ Maintain resilient balance sheet, ensure appropriate liquidity and gearing ✓ Retain flexibility to fund organic growth and accretive acquisitions ✓ Return cash to shareholders Capital 1. Maintain Financial Strength
Slide 6: Operational Update
Operational Update Mining Support Surface Mining Underground Corporate Services • Telfer performing well • H123 revenue at 23% of group • Fimiston TSF contract awarded • Cost inflation subsiding revenue and project commenced • Record gold production at KOTH • Skilled labour shortages • Warrawoona (C
Slide 7: Pathway to Target Underlying EBIT(A) Margin
Pathway to Target Underlying EBIT(A) Margin = or > Targeting 8%, or greater, EBIT(A) margin ✓ Batu Hijau Phase 7 zero margin pass through costs removed on commencement of Phase 8 ✓ Inflation moderating allowing rise and fall mechanisms to Actual impact to Indicative EBIT(A) catch-up 1H23 Underlying
Slide 8: Expanding into Lower Capital Intensity Services
Expanding into Lower Capital Intensity Services Executing filtered tender pipeline to progress towards long term targets FY18 Revenue Mix 1H23 Revenue Mix 7% 3% TARGET 23% $710m $987m 9% 68% 90% Revenue Mix 1H23 Pipeline FY18 Pipeline 1% 14% 21% $5.4bn $10.0bn 56% EBIT(A) ROACE 30% Margin 78% p 8% p
Slide 9: Order Book $5.6bn & Tender Pipeline $10.0bn
Order Book $5.6bn1 & Tender Pipeline $10.0bn Order book provides a high level of secured revenue and earnings POSITIVE OUTLOOK Order Book Run Off ($m) 1 Tender Pipeline Order book of $5.6bn1 14% High level of secured revenue 1H23 and earnings 987 Highly filtered tender 1,761 $10bn 56% 30% pipeline o
Slide 10: Thank You
Thank You CONTACT Mick Finnegan CEO & MD mfinnegan@macmahon.com.au Ursula Lummis CFO ulummis@macmahon.com.au Donald James CCO djames1@macmahon.com.au www.macmahon.com.au 10 Canaccord Mining Services Series
Macmahon Holdings — Canaccord Mining Services Series June 2023 on 6ix