Macmahon Holdings Limited · ASX:MAH
Macmahon — Shareholder Meeting (October 2022)
30 slides from Macmahon's shareholder meeting presentation, Oct 21, 2022
Slide 1: FY22 Annual General Meeting
FY22 Annual General Meeting 21 October 2022 1
Slide 2: Acknowledgement of Country
Acknowledgement of Country We wish to acknowledge the traditional custodians of the land on which we meet today, the Whadjuk people, and pay our respects to elders past, present and emerging. We extend that respect to the traditional custodians of the lands on which our online participants join us a
Slide 3: Board of Directors
Board of Directors EVA SKIRA MICHAEL FINNEGAN DENISE McCOMISH BRUCE MUNRO Independent Non-Executive Chair Managing Director Independent, Non-Executive Director Independent, Non-Executive Director and Chief Executive Officer ALEX RAMLIE ARIEF SIDARTO HAMISH TYRWHITT Non-Independent, Non-Executive Dir
Slide 4: Online Attendees – Question Process
Online Attendees – Question Process Select the Q&A Icon that appears on the top right of your screen To submit a question, type your question in the box that states “Enter your question here” and press Send button Your question will be sent immediately for review. To ask a verbal question, follow th
Slide 5: Online Attendees – Voting
Online Attendees – Voting When the Chair declares the poll open, select the ‘Vote’ icon and the voting options will appear on your screen. To vote, select your voting direction. A tick will appear to confirm receipt of your vote. There is no submit or send button, your selection is automatically rec
Slide 6: Format of Meeting
Format of Meeting 1. Welcome and Introduction 2. Chair’s Address 3. Managing Director and CEO’s Address 4. Formal Business • Introduction • Proxy Voting Results • Financial Statements and Reports Discussion/Questions • Consideration of Resolutions, Question and Voting 4. Closing 6 FY22 Annual Genera
Slide 7: Chair Address – Eva Skira
CHAIR ADDRESS Eva Skira MACMAHON – FY22 Annual General Meeting
Slide 8: Overview
Overview A Successful Year • Delivered record financial results • Achieved earnings guidance for 5th consecutive year • Strong financial position • $5 billion order book Boston Shaker, Western Australia • Five new projects commenced / ramped up Our People • 7,868 workforce • Various measures continu
Slide 9: Sustainability
Sustainability Focused on improving disclosure and performance Baseline Overview of FY22 GHG emissions Land rehabilitated Tyre Recycling Environment Environmental ESG footprint (tonnes per CO2-e) 169 hectares in Program Scope 1: 15,125 Australia 48 hectares 1,267 tonnes recycled Footprint Scope 2: 1
Slide 10: Capital Allocation Policy to Balance Growth and Shareholder Returns
Capital Allocation Policy to Balance Growth and Shareholder Returns Our Priorities ✓ Maintain strong balance sheet ✓ Ensure appropriate liquidity and gearing with regard to revenue visibility and outlook ✓ Retain flexibility to fund tender pipeline and accretive acquisitions ✓ Return cash to shareho
Slide 11: Closing Remarks
Closing Remarks Batu Hijau, Indonesia (PT AMNT) Tefler Gold Mine, WA (Newcrest) Tropicana, WA (AGA / Regis Resources) Batu Hijau, Indonesia (PT AMNT) Dawson, QLD (Anglo American) Boston Shaker, WA (AGA / Regis Resources) Warrawoona, WA (Calidus Resouces) 11 FY22 Annual General Meeting
Slide 12: Managing Director & CEO Address – Mick Finnegan
MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER ADDRESS Mick Finnegan MACMAHON – FY22 Annual General Meeting
Slide 13: FY22 Financial Highlights
FY22 Financial Highlights Record underlying operating earnings delivered Revenue Underlying EBITDA1 Underlying EBIT(A)1 (Record) (Record) FY23 Secured Revenue5 $1.7bn p 26% $291.4m p 17% $100.8m p 5% $1.45bn 17.2% margin 5.9% margin Underlying NPAT(A)1 Underlying operating cash flow2 Total Dividend
Slide 14: People and Safety
People and Safety Injury Frequency Rates and Workforce FTE 7,848 7,059 7,069 7,319 4.8 0.21 FY20 FY21 1H22 FY22 Strong Minds, Strong Schools Program – Perth, WA Employees TRIFR (Total Recordable Injury Frequency Rate) Contractors LTIFR (Lost Time Injury Frequency Rate) International Women in Mining
Slide 15: Winning at Macmahon – Evolving our Culture & Values
Winning at Macmahon – Evolving our Culture & Values Macmahon Winning Statement Macmahon Winning Values WINNING AT MACMAHON IS WE THINK AND BEHAVE ACCORDING TO OUR VALUES. UNITED Be Inclusive • Work Together • Support Each Other We are diverse. We value diversity, inclusion and working together to ac
Slide 16: FY22 Operational Highlights
FY22 Operational Highlights Execution of new project starts and existing contracts, managing challenging industry conditions. Well positioned for FY23. Financials Surface Mining Underground Mining Mining Support Outlook Services • Continued growth in revenue • Executing on contract • Increasing scal
Slide 17: Key Strategic Priorities
Key Strategic Priorities Improve Invest Expand Diversify Value Margins & execution Relevance & competitive advantage Growth in current markets Build scalability Grow shareholder value • Systems and processes • Advanced contractor • Additional services with • Mining Support Services • Strengthen Bala
Slide 18: Priorities and Outlook
Priorities and Outlook FY23 PRIORITIES FY23 GUIDANCE1 • Optimise operations and deliver safety improvements • Effectively manage COVID-19 Revenue EBIT(A) • Finalise Batu Hijau Phase 8 extension • Deliver earnings growth from recent growth capital investment • Accelerate ROACE growth by continuing to
Slide 19: Thank You
Thank You 19 FY22 Annual General Meeting
Slide 20: Meeting Resolutions
Meeting Resolutions MACMAHON – FY22 Annual General Meeting
Slide 21: Proxy Voting Results
Proxy Voting Results Resolutions For Against Abstain Open Resolution 1 1,284,783,353 157,261,779 1,219,506 96,360,053 Adoption of Remuneration Report (89.02%) (10.9%) (0.08%) Resolution 2 1,533,926,393 2,744,456 1,219,506 Re-election of Mr Bruce Munro as a 1,734,336 (99.74%) (0.18%) (0.08%) Director
Slide 22: Financial statements and reports discussion
Financial statements and reports discussion 22 FY22 Annual General Meeting
Slide 23: Resolution 1
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 2022) be adopted.” Note: The vote on this Resolution is advisory only and does not bind the Di
Slide 24: Resolution 1 – Proxy Results
Resolution 1 – Proxy Results ADOPTION OF REMUNERATION REPORT 1,284,783,353 For (89.02%) 157,261,779 Against (10.9%) Abstain 96,360,053 1,219,506 At the Proxy's Discretion (0.08%) Total Proxy Votes 1,443,264,638 24 FY22 Annual General Meeting
Slide 25: Resolution 2
Resolution 2 RE-ELECTION OF MR BRUCE MUNRO AS A DIRECTOR “To re-elect Mr Munro, who retires from the office of Director in accordance with rule 3.6(c) of the Company's Constitution, and being eligible, offers himself for re-election.” 25 FY22 Annual General Meeting
Slide 26: Resolution 2 – Proxy Results
Resolution 2 – Proxy Results RE-ELECTION OF MR BRUCE MUNRO AS A DIRECTOR 1,533,926,393 For (99.74%) 2,744,456 Against (0.18%) Abstain 1,734,336 1,219,506 At the Proxy's Discretion (0.08%) Total Proxy Votes 1,443,264,638 26 FY22 Annual General Meeting
Slide 27: Resolution 3
Resolution 3 RE-ELECTION OF MR HAMISH TYRWHITT AS A DIRECTOR “To re-elect Mr Tyrwhitt, who retires from the office of Director in accordance with rule 3.6(c) of the Company's Constitution, and being eligible, offers himself for re-election.” 27 FY22 Annual General Meeting
Slide 28: Resolution 3 – Proxy Results
Resolution 3 – Proxy Results RE-ELECTION OF MR HAMISH TYRWHITT AS A DIRECTOR 1,533,516,842 For (99.72%) 3,056,793 Against (0.2%) Abstain 1,831,550 1,219,506 At the Proxy's Discretion (0.08%) Total Proxy Votes 1,443,264,638 28 FY22 Annual General Meeting
Slide 29: Closing
CLOSING Annual General Meeting 21 October 2022 www.macmahon.com.au 29 FY22 Annual General Meeting
Slide 30: Meeting Closed
MEETING CLOSED Annual General Meeting 21 October 2022 www.macmahon.com.au 30 FY22 Annual General Meeting
Macmahon Holdings — Shareholder Meeting (October 2022) on 6ix