Nrw Holdings Limited · ASX:NWH
Nrw — Shareholder Meeting (November 2010)
16 slides from Nrw's shareholder meeting presentation, Nov 19, 2010
Slide 1: NRW Holdings Annual General Meeting
For personal use only NRW Holdings Annual General Meeting 19th November 2010
Slide 2: Year in Review – Financial and Operational Highlights
Year in Review – Financial and Operational Highlights For personal use only Revenue of $609.7m 20% increase on FY09 EBIT* of $62.3m 6% increase on FY09 Net Profit After Tax* $37.9m 2% increase on FY09 Net debt / Equity 23% From 28% in FY09 Fully franked dividends 6 cents 200% increase on F
Slide 3: Safety and Training
Safety and Training For personal use only Performance At June 2010 NRW employs a workforce of 1614 personnel comprising direct staff and sub contractors. 3500000 40 NRW has world class safety systems and procedures 35 3000000 including implementation of STEM’s OHS program in 30 May 2010. 2500000
Slide 4: Civil Division: Key Projects
Civil Division: Key Projects For personal use only RGP5 (South) – BHP Billiton Iron Ore Rail duplication ‐ 54km of the southern section from Cowra siding to Yandi mine Contract includes: Rail formation, drill and blast, track and signals and a 300 man camp Consortium with Laing O’Rourke & John
Slide 5: Civil Division: Key Projects
Civil Division: Key Projects For personal use only Karara Concrete Works – Gindalbie Metals Contract includes: All preliminary construction works including site drains, roads, retention ponds and all‐weather airstrip 40,000 cubic metres of concrete for Process Plant foundations In excess of 30
Slide 6: Mining Services: Key Projects
Mining Services: Key Projects For personal use only Hope Downs and Tom Price Mining – Rio Tinto Excavation, haulage and waste dump management services In‐pit works including pre‐development pit establishment, waste pre‐stripping, waste cutback and remnant ore mining On‐site at Tom Price since
Slide 7: Mining Services: Key Projects
Mining Services: Key Projects For personal use only Bootu Creek – OM Holdings Drill and blast, excavation, haulage waste dump management services and crusher feed 3 + 2 year contract term Production targets increased Indigenous Trainees at Bootu Creek Simandou Project – Rio Tinto Renegotiate
Slide 8: Action Mining Services
Action Mining Services For personal use only AMS has had a difficult year though still profitable and remains an important part of NRW’s business mix. Quarantine works increased due to stringent environmental criteria on Gorgon Project. As part of company wide review new GM and management stru
Slide 9: Action Drill & Blast
Action Drill & Blast For personal use only Division formed in March 2010 to provide a broader range of services and capabilities to our customers and to address the lack of competitive alternatives solutions currently available GM Warren Fair and senior personnel ex‐Brandrill Initially formed
Slide 10: Revenue
Revenue For personal use only Group Revenue Revenue Growth (30% CAGR) 10% 26% 20% 4% 14% 26% BHP Citic FMG Other Rio Tinto OM 10
Slide 11: Operating Performance
Operating Performance For personal use only FY10 FY09 Change Sales Revenue $m 609.7 509.6 +20% Civil Contracting $m 383.6 294.1 +30% Mining Services $m 201.1 189.4 +6% Other* $m 25.0 26.1 ‐4% EBITDA $m 92.5 79.7 +16% EBIT $m 62.3 58.7 +6% NPAT $m 37.9 37.1 +2% EPS (basic) ** cps 0.15 0.15 maintained
Slide 12: Funding and Debt Position
Funding and Debt Position For personal use only FY10 FY09 Change Cash $m 21.4 20.6 4% Debt $m 60.9 60.8 maintained Net Debt $m 39.4 40.2 (2)% Net Debt / Equity 23% 28% (18)% Capex $m 60.0 26.0 131% Funding headroom $m 175.0 115.0 52% Improved cash position in 2HY2010 Improved gearing position co
Slide 13: Cash Flow FY2010
Cash Flow FY2010 For personal use only $m's $100 $90 $80 $17m $11m $70 $60 $49m $66m $50 $40 $30 $10m $20 $10 $20m $21m $0 Opening Cash Operating Investing Proceeds Repay Loans Dividend Closing Cash activities activities from borrowings Closing Outflow Inflow Opening Investing activities refers to
Slide 14: Order Book
Order Book For personal use only $m's $1,100 $1,000 $48m $900 $249m $244m $800 $700 $112m $600 $500 $400 $773m $300 $618m $200 $100 $0 Opening Book Christmas Variations & Low Value YTD Revenue Closing Book 1 Jul 2010 Creek Mining scope change Awards (Oct 2010) 1 Nov 2010 Value of secured revenue f
Slide 15: Outlook Strategy FY2011/2012
Outlook Strategy FY2011/2012 For personal use only Group Revenue FY2010 Target Opportunities Civil Projects • Fortescue Expansion • Rio Tinto 330mta expansion • BHP Billiton Iron Ore’s RGP6 • Hancock Prospecting – Roy Hill • BMA Queensland • Main Roads and Government infrastructure Mining • Queensla
Slide 16: FY2011 Outlook and Strategic Objectives
FY2011 Outlook and Strategic Objectives For personal use only $610m Revenue > $700m Revenue $850‐1b Potential $1b+ Potential Revenue Revenue FY10 FY11 FY12 FY13 + • Achieved 20% revenue • 15% revenue growth • Maintain strong • Expand on‐shore Oil & growth (89% secured) revenue growth and Gas capabil