Macmahon Holdings Limited · ASX:MAH
Macmahon — FY2004 Earnings Presentation
24 slides from Macmahon's earnings presentation, Aug 19, 2004
Slide 1: Fax cover sheet to ASX Company Announcements
19/08 104 13:50 FAX 61 § 9365 1278 MACMAHON CONTRACTORS Wool Macmahan Holdings tke 44 Kurnall Road Welshpool WA 6106 TEL: (08) 9865 1183 | FAX: (08) 9365 1186 MACRMAHON EMAIL: ele@macmahgn.com.au soos i Facsimile i t ATTN Company Announcements Office DATE 19 August 2004 COMPANY FAX 1g00leee 279 GG F
Slide 2: 2004 Financial Results Presentation
Woo2 MACMAHON CONTRACTORS "04 13:50 PAX 61 8 9365 1278 19/08 MACMAHON WHEN EXPERIENCE COUNTS 2004 FINANCIAL RESULTS PRESENTATION August 2004 NICK BOWEN CHIEF EXECUTIVE OFFICER
Slide 3: Summary
003 SUMMARY > Net profit after tax up 36% to $11.6 million | se uty franked dividend of 0.50ps—— = = = > Debt/equity down to 52% >» Earnings per share increased to 3.51 cents on expanded equity > Record $862 million new contracts and extensions won MACMAHON CONTRACTORS > All divisions improved EBIT
Slide 4: Profit and earnings results
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Slide 5: Revenue and EBIT margin
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Slide 6: Capital expenditure and return on capital
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Slide 7: Cash flow, debt and gearing
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Slide 8: People and safety
O08 MACMAHON CONTRACTORS ‘O04 13:54 FAX 61 § 9365 1278 19/08 ‘PEOPLE | 1600 employees Strong 40 year culture Focus on training / retention > Continued focus on safety |- ~-delivered 12% imprevementin -——— ~-— Lost Time Injury Frequency Rate > No permanent disabling injuries > Commitment to further i
Slide 9: Order book and contracts
19/08 04°13:54 FAX 61 $ 9365 1278 MACMAHON CONTRACTORS Jeo, e002 200z poo Ht Uh He PAR fae Le a ha on as Lae Hy fi Hl HNO a SN sat ae iN ee See al Mea He TaN An sil eae ee TB eh a | He ih i A aR Pea lean aN DCG raAR atm te A PE He a A A lai i Noa rareoai ei aunr Of Je PUEH UO HIOAK al6 yu ING L$ 16
Slide 10: Order book & run-off
010 ORDER BOOK & RUN- OFF Ss 5 se = S SI ad | 3 = 2 0 Z 30.6.04 2005 2006+ 4 Years = Order Book E22 = Extensions and Contracts under negotiation i. ME Order book run-off New Work Required 19/08
Slide 11: Civil
Wo11 _MAG MAHON MACMAHON CONTRACTORS 19/08 ‘04 13:55 FAX 61 8 9365 1278 >» Revenue $169.1 million (2003: $227. 7 million included Alice Springs to Darwin | Railway) > Second half revenue @ $106 million » EBIT margin improved tc 9% with strong results. from joint ventures » Major contracts >» Burnett
Slide 12: Open Cut
012 MACMAHON CONTRACTORS '04°13:56 FAX 61 8 9365 1278 19/08 sepesce nS OPEN CUT re >—Reven ve-$199.3-million (2003:-$186.1 #million}-——----—-. en > EBIT margin of 4.1% (2003: 3. 3.9%) b but second half If improved tc to 6. ne > Major contracts > vw WW > Revenue to be maintained at current levels wit
Slide 13: Underground
W013 MACMAHON CONTRACTORS 04 13°56 FAX 61 § 9365 1278 19/08 UNDERGROUND SEES pe cece ree ae ee > Revenue $53.7 million (2003: $66.2 million) reflecting completion of contracts — ow. ...» BIT. margin improved significantly to 7.9% (2003: 3.5%) oo _ ee io Lehisd. = - are » Major contracts > Olympic Da
Slide 14: Allplant
. ALLPLANT | OQ scscumsutaanensaat _ALLPLANT __ : > Revenue $18.6 million (2003: $5.8 million) including $9.6 million internal : “s+ + ----> -56%-ef business te-external clients. - ee — See _ 2 > Acquired Allplant 6quipment refurbishment business é > 3 business streams — plant hire, labour hire and
Slide 15: Malaysia
W015 19/08 ‘04 13:58 FAX 61 8 9365 1278 MALAYSIA . AGMAHGN _ MACMAHON CONTRACTORS > Re established Malaysian business with award of 6 year mining contract by La Farge » Mining 4.5 million tonnes limestone annually * La Farge is the worlds largest cement manufacturer > Operations profitable and cash
Slide 16: AptFreightlink - Alice Springs to Darwin
W016 APTIFREIGHTLINK - ALICE SPRINGS TO DARWIN MADMAHGN MACMAHON CONTRACTORS 104 13:58 PAX 61 § 9365 1278 19/08 Y ra oa freight to June 2004 Vv WwW Vv WV WwW Construction completed October 2003 = 5 months early” Freight operations commenced January 2004 — 221, ,000 tonnes of domestic © On target for
Slide 17: Market opportunities
O17 MACMAHON CONTRACTORS 19/08 (04 13°59 FAX 61 § 9365 1278 _ MARKET OPPORTUNITIES — 12) Planned expansion projects i.e. Gorgon ($7B) and NW. Shelf if (2B) Note: iland gas: lron Ore WA ; 220mt— 300*mt AusLink $1B+ expansion $14.8 billion Over next 5 years Road/Rail/Ports Kwinana Freeway Based on cur
Slide 18: Outlook - 2005
018 MACMAHON CONTRACTORS "04_13:59 FAX 61 8 9365 1278 19/08 OUTLOOK - 2005 MAGMAHOIN _ oe ->-Very-pesitive-outleok in-civil-canstruction-and-mining——- > Increased requirements from existing clients in all divisions Significant revenue growth in Civil (+ 30%) and Allplant (+ 100%) $450 million of exi
Slide 19: When Experience Counts
W019 MACMAHON CONTRACTORS ‘O04 14:00 FAX 61 8 9365 1278 19/08 | MAGMAHOM WHEN EXPERIENCE COUNTS 18
Slide 20: Company structure
W020 MACMAHON CONTRACTORS 19/08 104 14:00 FAX 61 § 9365 1278 COMPANY STRUCTURE MACMARON - Road works “ -7.5% APT/FreightLink - Railways Sharenoldér- _ - Ports (Owner & Operat - Dams - Mining - Plant Hire . - Mine Infrastructure - Drill & Blast - Labour Hire - Road Maintenance _ Crushing - Developmen
Slide 21: Summary statistics
19/08 (04 14:01 FAX 61 8 9365 1278 MACMAHON CONTRACTORS W021 c zo DUMS BOR) SFelZdom| eeu POs se seaue 5B GeO/5570| FESEUTTEAAGS Po | TO) EBSS& wg. qe goa ook saad SaR329mes a os sg 4 m| sotam# a8 a 5 = = fs] 33 ow FOF S$ Sar] Ia 7” aomauReZa g Hua! § m asia ad = = a@ 9 S$ wem| a2 |3 BSSaen Sm 5 SES
Slide 22: Price comparison chart
W022 MACMAHON CONTRACTORS 19/08 '04 14:01 FAX 61 § 9365 1278 ICE COMPARISON CHART
Slide 23: Contracts listing
W023 CONTRACTS LISTING MAGMAHON ees Sea es =e FASS EO SS SE TT BEE SES TE = area SES Project Name State Commédity Description cient Start fee oe smee. —. —~. —— os eee —— Date Civil Contracts ee Dampier Part Upgrade WA Bulk earthworks Rio Tinto : 2003 Sawyers Valley Wh” Construction of new dual Main
Slide 24: Contracts listing - open cut
W024 CONTRACTS LISTING pee eee pss ae Open Cut Contracts MACMAHON CONTRACTORS "04 14:04 FAX 61 8 9365 1278 19/08 Phosphate Hill : OLD Phosphate Mining, tailings dams, rail load out. WMC Fertilisers 2003 Eaglefield QLD Coal i1Mtpa open cut coal mine. Peabody 2003 Carosue WA Gold Plant and labour hire