Macmahon Holdings Limited · ASX:MAH
Macmahon — Shareholder Meeting (November 2011)
57 slides from Macmahon's shareholder meeting presentation, Nov 3, 2011
Slide 1: Annual General Meeting
Q MACMAHON Annual General
Slide 2: Chairman Ken Scott-Mackenzie
Chairman Ken Scott- Mackenzie Q MAGMAHON
Slide 3: Annual General Meeting
Q MACMAHON Annual General
Slide 4: Board of Directors
Board of Directors &. 3. & Ken Scott-Mackenzie Barry Cusack Nick Bowen Barry Ford Vyril Vella Dr David Smith Eva Skira Q MAGMAHON
Slide 5: Executive Leadership Group
-xecutive Leadership Group Ags. Nick Bowen Theresa Mlikota Ross Carroll Ashley Mason Neil Wilson Fraser Ramsay Chief Executive Officer Chief Financial Officer Chief Operating Officer — Executive General Manager Executive General Manager Executive General Manager - Mining Strategy and Development - S
Slide 6: 2011 highlights
2011 highlights e More than $1 billion of new work won e Order book of $2 billion e Surplus cash over debt of $39.5 million at year end e Record annual safety performance e Strengthened management team Q MAGMAHON
Slide 7: Our performance
Our performance ee MAGMAHON
Slide 8: Underlying performance
Underlying performance $ millions June 11 June 10 Change % Reported Net Profit After Tax (NPAT) 1.0 37.9 (97%) Add back significant items (before tax): - Write-down of RGP5 Rail North contract 48.9 n/a - Wet weather impacts 9.0 - n/a Less tax on significant items (17.4) - n/a Less minority interests
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Slide 13: Underground mining projects
Underground mining projects - 4 } ee = POs SOM uocmir lye
Slide 14: Construction review
Construction review MAGMAHON
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Slide 17: Shareholder returns
Shareholder returns 130 125 } 120 115 K |}. 110 IY 105 4 100 V 95 m0 AW, 85 yy 80 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Se Oct 2010 2010 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 m==MAH ==ASX200 Q MAGMAHON
Slide 18: Corporate governance
Corporate governance MAGMAHON
Slide 19: Our vision and strategy
Our vision and strategy VISION To be the preferred contractor for the resources and government sectors, offering reliable, innovative and dient focused solutions $ GROW AND DIVERSIFY ORGANICALLY 9 AND THROUGH AQUISITION EARNINGS PER SHAREGROWTH RETURNONEQUITY ORDER BOOK SHAREHOLDERS Qa MAGMAHON
Slide 20: Our values
Our values SAFETY Look after yourself, your team and others around you. TEAMWORK Work smart, work hard, work together. PROSPERITY Create value for shareholders, employees, clients and partners. INTEGRITY Do what you say you are going to do. ENVIRONMENT Q Reduce, recycle, rejuvenate. MAGMAHON
Slide 21: Annual General Meeting
Q MACMAHON Annual General
Slide 22: Chief Executive Officer Nick Bowen
Chief Executive Officer Nick Bowen FOr perst Q MAGMAHON
Slide 23: Macmahon strategy
Macmahon strategy Grow the business to maximise profits to shareholders Shareholders Deliver sustainable, sector leading returns ¢ Ensure delivery of appropriate returns © Grow the bottom line, pursue acceptable margins Mining Construction Consolidate and explore Enhance pipeline and © Continue to c
Slide 24: Winning work
Winning work Ty «=MACMAHON
Slide 25: Continuous growth
Continuous growth 31 October $3.1b Tropicana Gold Project $900m over 10 years 1 July oe Q MAGMAHON
Slide 26: Continuous growth
Continuous growth 31 October $3.1b Mining contracts totalling $90m 1 July 15 July 12 August 2011 2011 Q MAGMAHON
Slide 27: Continuous growth
Continuous growth 31 October $3.1b 1 July 15 July 12 August 19 August 2011 2011 2011 Q MAGMAHON
Slide 28: Continuous growth
Continuous growth Pilbara ISA $170m over 5 years 31 October $3.1b 15 July 12 August 19 August 1 September 2011 2011 2011 2011 Q MAGMAHON
Slide 29: Continuous growth
Continuous growth Tavan Tolgoi Coal Mine, Mongolia $500m over first 5 years 31 October $3.1b 1 July $2b 15 July 12 August 19 August 1 September 14 October 2011 2011 2011 2011 2011 Q MAGMAHON
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Slide 31: Map of operations
Map of operations & MINING PROJECT 1 CONSTRUCTION PROJECT @ PREFERRED CONTRACTOR George Fisher -—— Tincmine- Xstrata Mt isa, QLD Eaglefield Tiger Brennan Di eae Pee Road works- NT Government e=— bene Darwin, NT Gladstone LNG Argyle Site civil works - Bechtel Australia Diamond mine Rio Tinto Curtis I
Slide 32: Our expertise
Our expertise Surface Mining Underground Engineering Mining Construction Resource Landside Marine Infrastructure Infrastructure Infrastructure Q MAGMAHON
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. === ili AMM A i MAGMAHON
Slide 37: Jindabyne
Jindabyne Kes MAGMAHON
Slide 38: Brennan Drive Extension
Brennan Drive Extension MAGMAHON
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Slide 40: Our people strategy
Our people strategy A core strategic focus on attracting and retaining talent Adequate access to labour is crucial to delivering on key client contracts Plans focused on the reduction in turnover and strategies to attract key personnel Recruitment strategies Retention strategies Apprenticeships Non-
Slide 41: Apprentices and graduates
Apprentices and graduates Sy 3=MACMAHON
Slide 42: Indigenous
Indigenous | ___ ee MAGMAHON
Slide 43: Managing the challenges
Managing the challenges i Se" 7 MACMAHON
Slide 44: Managing risk
Managing risk e Greater accountability at all levels e Enhanced project selection and tendering e Project performance through people and systems e Applying lessons learnt from past projects e Monitoring and responding to external factors Q MAGMAHON
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Slide 46: Order book
Order book 3,500 3,000 2,500 = 2,000 A 1,500 1,000 500 ) 2,006 2007. +2008 2009 2010 = 2011 End MAGMAHON
Slide 47: Annual General Meeting
Q MACMAHON Annual General
Slide 48: Resolution: Re-election of Director Barry Lionel Cusack
Resolution 2 Re-e asa ection of Director Barry Lionel Cusack To re-elect Mr Barry Lionel Cusack, who retires from the office of Director by rotation in accordance with rule 3.6(c) of the Company’s Constitution, and being eligible, offers himself for re-election. Q MAGMAHON
Slide 49: Re-election of Barry Lionel Cusack as a Director
Resolution 2 Re-election of Barry Lionel Cusack as a Director For 472,262,275 Against 1,994,459 Abstain 1,388,639 At the Proxies Discretion 7,321,401 Total Proxy votes = 65.39% of shares on issue Q MAGMAHON
Slide 50: Re-election of Vyril Anthony Vella as a Director
Resolution 3 Re-election of Vyril Anthony Vella as a Director To re-elect Mr Vyril Anthony Vella, who retires from the office of Director by rotation in accordance with rule 3.6(c) of the Company’s Constitution, and being eligible, offers himself for re-election. Q MAGMAHON
Slide 51: Re-election of Vyril Anthony Vella as a Director
Resolution 3 Re-election of Vyril Anthony Vella as a Director For 469,929,183 Against 5,143,484 Abstain 522,703 At the Proxies Discretion 7,374,404 Total Proxy votes = 65.39% of shares on issue Q MAGMAHON
Slide 52: Re-election of Eva Skira as a Director
Resolution 4 Re-election of as a Director Eva Skira To re-elect Ms Eva Skira, who was appointed by the Board in September 2011 and automatically retires from the office of Director in accordance with rule 3.3(a) of the Company’s Constitution, and being eligible, offers herself for re-election. Q MAG
Slide 53: Re-election of Eva Skira as a Director
Resolution 4 Re-election of Eva Skira as a Director For 473,472,365 Against 1,450,166 Abstain 710,080 At the Proxies Discretion 7,334,163 Total Proxy votes = 65.39% of shares on issue Q MAGMAHON
Slide 54: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report That for the purposes of section 250R(2) of the Corporations Act, the Remuneration Report (which forms part of the Director’s report for the year ended 30 June 2011) be adopted. Q MAGMAHON
Slide 55: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report For Against Abstain At the Proxies Discretion Total Proxy votes = 388,889,744 68,006,521 1,216,591 1,476,388 62.22% of shares on issue Q MAGMAHON
Slide 56: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report That for the purposes of section 250R(2) of the Corporations Act, the Remuneration Report (which forms part of the Director’s report for the year ended 30 June 2011) be adopted. Q MAGMAHON
Slide 57: Annual General Meeting
Q MACMAHON Annual General
Macmahon Holdings — Shareholder Meeting (November 2011) on 6ix