Slide 1: Cover
For personal use only 21 FEBRUARY 2012
Slide 2: Financial Highlights
FY 11/12 Financial Highlights For personal use only » Overview of First Half FY 11/12 Record annual result as strong market conditions translated into high demand for Austin’s products and services » Very high levels of activity in the second half of the financial year with a distinct bias of revenu
Slide 3: Revenue, EBITDA and Dividend Developments
FY 11/12 Revenue, EBITDA and Dividend Developments For personal use only Revenue EBITDA* ($m) Overview of First Half FY 11/12 CAGR FY07-FY12: 35% CAGR FY07-FY12: 38% 350 60 300 50 250 40 200 165 2H 30.2 2H 30 1H 150 18.7 1H 113 85 20 16.6 77 10.7 100 63 11.0 125 10 17.0 19.9 50 28 95 91 4.6 13.1 12.
Slide 4: Financial Results - Summary
FY 11/12 Financial Results - Summary For personal use only Overview of 1H First 11/12 Half FY 11/12 2H 11/12 Half-on-Half FY 11/12 FY 10/11 Year-on-Year $m $m % Change $m $m % Change Revenue 125.34 164.76 31% 290.10 203.71 42% EBITDA 19.88 30.22 52% 50.10 35.71 40% PBT 16.14 25.07 55% 41.21 30.28 36
Slide 5: Financial Results - Segment Revenue and EBITDA
FY 11/12 Financial Results - Segment Revenue and EBITDA For personal use only 1H 11/12 2H 11/12 Half-on-Half FY 11/12 FY 10/11 Year-on-Year Overview of First $m Half $m FY 11/12 % Change $m $m % Change Revenue: Australia 89.32 112.87 26% 202.19 153.06 32% Americas 30.38 39.99 32% 70.37 48.42 45% Mid
Slide 6: Financial Results - Segment Review
FY 11/12 Financial Results - Segment Review For personal use only Group Result: » Overview of First Half FY 11/12 Strong business conditions across the mining services sector in the year with a bias of activity and earnings towards the second-half, as first highlighted in November 2011 and reiterate
Slide 7: Financial Results - Segment Review (Cont'd)
FY 11/12 Financial Results - Segment Review For personal use only Americas: (Cont’d) Overview of First Half FY 11/12 » Austin Ingenieros Peru became operational towards the end of April 2012 following the acquisition of two business divisions of Petroaceros S.A.C and provided some initial revenue an
Slide 8: Balance Sheet and Cash Flow
FY 11/12 - Balance Sheet and Cash Flow For personal use only » Continuing balance sheet strength with net assets rising 21% in the period, with most of the net increase being attributable to the NPAT Jun 12 Jun 11 Overview of First Half FY 11/12 result for the year and the payment of dividends $m $m
Slide 9: Business Update - Australia
Business Update - Australia Queensland: For personal use only Brisbane: » Overview of First Half FY 11/12 Very good result for the financial year, ahead of the previous year and above internal budgets » Good mix of work between mining products with a strong increase in the manufacture and supply of
Slide 10: Business Update - Australia
Business Update - Australia Western Australia: For personal use only Perth: » Overview of First Half FY 11/12 Excellent result for the year with a significant increase against internal budgets and the result for the previous year » Very good progress achieved on the expansion of the existing custome
Slide 11: Business Update - Americas
Business Update - Americas For personal use only North America - Westech, Wyoming: » Overview of First Half FY 11/12 Produced a strong result ahead of internal budgets and the previous financial year with very good workload levels and workshop efficiencies » Capital expenditure on improving efficien
Slide 12: Business Update - Americas
Business Update - Americas For personal use only Peru: » Overview of First Half FY 11/12 Acquisition of two of the mining services divisions of Petroaceros S.A.C was completed in the latter part of April 2012 to enable Austin to establish a direct operating presence in the region and also effectivel
Slide 13: Business Update - Indonesia and Middle East
Business Update - Indonesia and Middle East For personal use only Indonesia - Batam Island: » Overview of First Half FY 11/12 The new operation became fully operational during the year and achieved an excellent result ahead of internal budgets » Customers readily accepted the new ‘JEC’ lightweight d
Slide 14: Expansion Plans Update
Expansion Plans Update For personal use only Brazil: » Overview of First Half FY 11/12 Brazil’s largest miner still remains a target customer and discussions are taking place on a tender for the supply of products over 3 years with the results of the tender process known by the beginning of October
Slide 15: Outlook
Outlook » Austin’s business model and expansion strategy is expected to continue to deliver long-term benefits due to macroeconomic fundamentals For personal use only that will need to be addressed in coming years. World population could grow by up to another 1 billion by 2020 - this will mean that
Slide 16: For personal use only
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