Macmahon Holdings Limited · ASX:MAH
Macmahon — FY2006 Earnings Presentation
30 slides from Macmahon's earnings presentation, Aug 21, 2006
Slide 1: Investor Presentation: Preliminary Final Report 2006
Slide 2: Outline of Presentation
Outline of Presentation | “eed son [a * Highlights = Financial Performance = Operational Overview - Order Book - Construction - Mining - Services - People = Strategy and Outlook
Slide 3: Highlights
Highlights 1 ace tuon [2 = Continued growth in all areas = Record full year profit pre APT Adjustment = Improved profitability from construction division = Successful capital raising = Order book at record levels = Positive outlook
Slide 4: Financial Highlights
Year End 30 June Financial Highlights Q MACMAHON
Slide 5: Total Revenue
Total Revenue | Q MACMAHON = Total Revenue increased 36% to Record Level $864 2004 2005 2006 HE Joint Venture Revenue
Slide 6: EBIT and EBIT Margin
Q MACMAHON EBIT and EBIT Margin = EBIT Margin of 5.4% exceeded Target of 5% 2002 2003 2004 2005 2006 $ (millions) EBIT omens EBIT Margin |
Slide 7: Profit After Tax
Profit After Tax | Q MACMAHON = Profit from normal operations up 72% to record $27.4 million = APT investment written down to zero $27.4 2002 2003 2004 2005 2006 $ (millions) Pre 2005 normalised to 30% AIFRS) tax rate
Slide 8: Cash Flow
Cash Flow Q MACMAHON ——— Year Ended 30 June
Slide 9: Balance Sheet
Balance Sheet Q go MACMAHON Bee 2005 increase a y L / Ge ie ) :
Slide 10: Earnings Per Share / Dividend Per Share
Q MACMAHON Earnings Per Share / Dividend Per Share = Full year dividend increased to 2 cents 2002 2003 2004 2005 2006* ¢ (cents) Basic Earnings per share [I Dividends Declared * EPS excludes APT Adjustment Pre 2005 normalised to 30% (AIFRIS) tax rate
Slide 11: Order Book
Order Book: | Q MACMAHON = Order Book at Record $1.2 billion 2002 2003 2004 2005 2006 $ (millions) 10
Slide 12: Order Book Run Off and Contract Style
Q fa MAGMAHON E : Order Book Run Off and Contract Style $1.2 billion Alliance 30% Schedule of Rates $314 $285 Fixed Price 61% a S| : 2006 2007 2008 2009 $ (millions) {Order Book |B Order Book Run Off
Slide 13: Construction
Construction | Q p12 MACMAHON = Significant improvement in EBIT from Construction = Revenue growth in WA and NT = Acquired MVM Rail in February 2006 = Growth opportunities in QLD
Slide 14: MACMAHON
MACMAHON
Slide 15: Slide 15
Slide 16: MAGCMAHON
MAGCMAHON a ee ee 8 oC. . 7 7 : , 7 . _ CC : Co ing. ; ee —rt—“—™—SOSF “ : ; — LULU CU Lo : Cl oo _ _ Cl a, ~~ CC . = - _
Slide 17: even Besca a=
even Besca a=
Slide 18: Mining
Q MACMAHON Mining - $m except where stated } 2006 | 2005 Significant revenue growth from iron ore, coal and copper OB 18 iron ore contract awarded Capital expenditure to increase capacity ARD / CRE acquisition announced August 2006 17
Slide 19: Orebody PQ [ae
Orebody 18 PQ [ae MACGCMAHON
Slide 20: Olympic Dam
sii
Slide 21: ARD / CRE
Slide 22: Slide 22
Slide 23: Services (Allplant)
Q MACMAHON Services (Allplant) = Revenue growth in equipment maintenance services = Lower EBIT margin from higher percentage of maintenance services work = Plant hire growth limited due to availability of additional equipment 22
Slide 24: Slide 24
Slide 25: MAGCMAHON
MAGCMAHON Cee A _
Slide 26: Strategy
Strategy 4 vance aan [25 Objective © Grow the Business &/ Secure Market Position & Increase Shareholder Returns Govt Infastructure Projects aligned Revenue Growth Construction > Road with our expertise > Rai > Ports Australia improved Margins oe >» Dams Mining a Mining Longer Term > increased Profit
Slide 27: Industry Outlook - Construction
Value of Work {$° billion) Industry Outlook - Construction Engineering Construction — Australia (2003/04 $’billion) ith sm 2002 2008 2004 2005 2006 2007 2008 2009 2010 m Roads m Bridges Railways Harbours mWater w Heavy industry @ Other Sources: 81S Shrapnel: Engineering Construction in Australia 200
Slide 28: Industry Outlook - Contract Mining
Q MACMAHON — Industry Outlook = Contract Mining Value of Contract Mining in Australia ($’million) 6,000 5,000 4,000 cane Ve 3,000 Value of Work (S'mittion) 2,000 1,000 2002 2003 2004 2005 2006 2007 2008 2008 2010 oon Bien Ove To aunie copper wood Basher Bonwome my]
Slide 29: Outlook
Outlook 4 vance aan [ze = Industry outlook in resources and infrastructure very positive . awarded $200 million of new contracts in first 2 months of * ARD/CRE acquisition an exciting growth opportunity = Further growth in construction and mining expected to lift revenue to $1 to $1.1 billion range
Slide 30: MAGMAHON
MAGMAHON