Slide 1: Half Year Results Presentation, 22 February 2011
For personal use only 22 FEBRUARY 2011
Slide 2: Overview of First Half FY 10/11
financial results snapshot FY05-FY10 For personal use only Overview of First Half FY 10/11 » Improved business conditions in the first half of FY10/11 compared to the previous corresponding period » Higher overall activity levels across the group’s operations, with Chile contributing a full six mont
Slide 3: Revenue, EBIT and Dividend Developments
financial results snapshot FY05-FY10 Revenue, EBIT and Dividend Developments Revenue ($m) EBIT*($m) For personal use only CAGR FY07-FY11: 33% CAGR FY07-FY11: 46% 200 30 180 160 25 140 85 20 120 2H 15.5 77 9.5 2H 100 1H 15 80 10.1 1H 63 60 10 28 95 93 15.2 40 23 4.0 12.1 11.0 67 5 20 23 43 7.0 26 29
Slide 4: Financial Results - First Half FY 10/11
financial results snapshot FY05-FY10 Financial Results - First Half FY 10/11 For personal use only » Improved business conditions compared to the previous half-year HY 10/11 HY 09/10 $m $m Change » Higher period-on-period activity levels across almost all of the group’s operations, notably in Wester
Slide 5: Balance Sheet and Cash Flow
financial results snapshot FY05-FY10 Dec 10 Jun 10 Balance Sheet and Cash Flow $m $m Change For personal use only Working capital 16.87 13.86 +22% » Balance sheet strength utilised in the period to support business growth plans Property, plant and 42.53 30.27 equipment +41% » Increase in working cap
Slide 6: Australia - Queensland
financial results snapshot FY05-FY10 Business Update - Australia For personal use only Queensland: Brisbane: » Solid workload levels during the first half of FY 10/11 although quieter than the second half of FY 09/10 which was a record period of activity for the operation » Continuing to service cus
Slide 7: Australia - Western Australia
financial results snapshot FY05-FY10 Business Update - Australia For personal use only Western Australia: Perth: » Overall very good workload levels in the first half although the first two months were quieter than expected due to some delays in the award of new orders » Satisfactory operating perfo
Slide 8: Australia - COR Cooling
financial results snapshot FY05-FY10 Business Update - Australia For personal use only COR Cooling: Queensland (Mackay) and Western Australia (Perth and Kalgoorlie): » Acquisition completed in December 2010 » Supplier of specialised industrial cooling equipment products, sold as new or reconditioned
Slide 9: Americas
financial results snapshot FY05-FY10 Business Update - Americas For personal use only North America - Westech, Wyoming: » Subdued business conditions experienced over the first quarter of FY 10/11 but with an improvement coming through in the second quarter » Overall activity levels for the first ha
Slide 10: Middle East
financial results snapshot FY05-FY10 Business Update - Middle East For personal use only Oman - Masco joint venture, Sohar: » EBIT contribution in volume terms below the previous corresponding period due to the completion of two major projects in the intervening period » Operations over the first ha
Slide 11: Expansion Plans Update
financial results snapshot FY05-FY10 Expansion Plans Update For personal use only Chile - Calama: » Calama-based repair and maintenance expansion still underway » Two options now being considered: » purchase of land and construction of a new facility as previously planned - now delayed due to a chan
Slide 12: Outlook
financial results snapshot FY05-FY10 Outlook For personal use only » Business conditions across the mining services sector are expected to remain positive for the remainder of FY 10/11 and beyond » Higher sector activity already being reflected with an increased number of enquiries and tenders and g
Slide 13: For personal use only
> < = Oo O 1O) z Lu z F- no —) < = = = AjuO SSN feuosJed JOS