Macmahon Holdings Limited · ASX:MAH

Macmahon — Shareholder Meeting (November 2013)

56 slides from Macmahon's shareholder meeting presentation, Nov 15, 2013

  1. Slide 1: Annual General Meeting 2013

    For personal USesom nnual General Meeting 2013 15 November 2013 QC) MACMAHON

  2. Slide 2: Chairman

    Chairman For personal US€som Q MACMAHON

  3. Slide 3: Board of Directors

    3 For personal US€sem Board of Q MACMAHON il Barry Cusack 4 Jim Walker Giles Everist Directors Ross Carroll Eva Skira Vyril Vella

  4. Slide 4: Group Profit After Tax

    Group Profit After Tax 6 millions) 56.1 37.9 1.0 2009 2010 2011 2012 For personal Use Q MACMAHON

  5. Slide 5: Year in review: asset sales and entitlement offer

    i Sale of construction assets @ Review effected in February 2013 = ™@ Successful completion of @ $80.7 million entitlement offer 2 @ Net loss after tax of @ $29.5 million (or MS (©) LL Q MACMAHON

  6. Slide 6: For personal use only

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  7. Slide 7: Review

    Review For personal Us¢ Q MACMAHON $2.4 billion of new mining work won @ Record mining order book of $3.2 billion at year end @ Strong cash flows from continuing operations @ Gearing of 15.4%

  8. Slide 8: For personal use only

    For personal use only

  9. Slide 9: Operations highlights

    For personal US@iem Q MACMAHON 1 onions @ Five year, $1.8 billion Christmas Creek Mine expansion project @ Two year extension at Olympic Dam m@ Ramp-up at the ten year $900 million Tropicana Gold Project @ Record production at Orebody 18

  10. Slide 10: For personal use only

    For personal use only

  11. Slide 11: For personal use only

    Q MACMAHON jeuosied Joz 18

  12. Slide 12: For personal use only

    Q MACMAHON 21 feuosied Jo[

  13. Slide 13: For personal use only

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  14. Slide 14: New Appointments

    New Appointments Giles Everist Jim Walker For personal USesem Q MACMAHON 23

  15. Slide 15: Retiring Directors

    For personal USesem 24 Retiring Directors Q MACMAHON Barry Ford David Smith

  16. Slide 16: For personal use only

    Mores euosied Jo Q MACMAHON 25

  17. Slide 17: Challenging conditions

    26 For personal Us¢ Q MACMAHON Challenging conditions @ Uncertainty around new work @ Expected 2014 revenue between $0.9 - 1.2 billion

  18. Slide 18: Annual General Meeting 2013

    \nnual General Meeting 2013 For personal USeiam 15 November 2018 (@) MACMAHON 28

  19. Slide 19: Chief Executive Officer

    29 Chief Executive Officer S fe) a) 2) = @ = ) 2 a) a — ) UL Q MACMAHON

  20. Slide 20: Chief Financial Officer

    y 30 Chief Financial Officer ‘= (2) @) iD) =) @ = (eS) i) — @D) (oF — © LL, Q MACMAHON

  21. Slide 21: Chief Operating Officer – Surface Mining and Infrastructure Services

    6 © Chief Operating Officer — * Surface Mining and S Infrastructure Services For personal Us Q MACMAHON 31

  22. Slide 22: Chief Operating Officer – Underground, International

    UK WUSIllrlOttld 6 Chief Operating Officer — © Underground, International ane Moe For persona Q MACMAHON 32

  23. Slide 23: Executive General Manager – Underground

    © Executive General Manager — *~ Underground For personal U Q MACMAHON

  24. Slide 24: Group General Manager – Market Development

    © Group General Manager — © Market Development For personal @ Q MACMAHON 34

  25. Slide 25: General Manager – Human Resources

    © General Manager — *” Human Resources For personal @ Q MACMAHON 35

  26. Slide 26: General Manager

    6 General Manager — agsise) For personal i Q MACMAHON 36

  27. Slide 27: TRIFR and LTIFR safety rates

    @ For personal Us Q MACMAHON 4.6 3.5 1.4 Of 0.4 0.9 ——_—EEE———— 2009 2010 2011 2012 TRIFR (Total Recordable Injury Frequency Rate) m= LTIFR (Lost Time Injury Frequency Rate) 2013

  28. Slide 28: Reaffirming safety focus

    For personal UiSeus Q MACMAHON 39 @ Reaffirming safety focus # Group Safety Improvement Plan implemented @ CEO Significant Incident Review meetings @ Greater transparency and oversight of operations

  29. Slide 29: For personal use only

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  30. Slide 30: Mining Profit After Tax

    For personal ist Q MACMAHON Mining Profit After Tax ¢ mitions) 36.7 26.0 13.5 (3.5) 2009 2010 2011 2012

  31. Slide 31: Strong Client Base

    e@ 6 RioTinto Mere oe bhpbi Lli ton RioTinto henetocemno ANGLOGOLD ASHANTI y|_ ON i Peabody @ NEWCREST »« Independence Group SEES MINING LIMITED xstrata Se ) LAFARGE NEWMONT. EROENES-TT — “ Strong Client Base Q MACMAHON

  32. Slide 32: Revenue by Client and Commodity

    Revenue by Client Revenue by Commodity Other Metals X Coal 2% 20% Newmont Copper 3% Xstrata 4% Rio Tinto Fortescue Metals Group Peabody 16% 10% Diamonds Limestone Yancoal rdenes Tavan Tolgoi JSC (i Iron Ore oe Lafarge 4% AngloGold BHP Billiton Independence JV 23% 7% For personal use only Diversifica

  33. Slide 33: Map of Operations

    | Map of Operations For personal USesem Q MACMAHON 44

  34. Slide 34: Market conditions

    For personal Uses Q MACMAHON 45 — Commodity price volatility continues @ Increased competition for tenders @ Margin pressure

  35. Slide 35: Pillars of Success

    For personal USeas | llars of Success Q MACMAHON Improved Safety Performance Improved Business Development Commencement of Business Improvement Program Investing in our People

  36. Slide 36: For personal use only

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  37. Slide 37: Independence Group

    C In jpendenc Group s @ = fe) 2 © a. — ) LL Q MACMAHON

  38. Slide 38: Client: BHP Billiton

    ® Client: BHP Billiton US For personal Q MACMAHON

  39. Slide 39: For personal use only

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  40. Slide 40: Client: BHP Billiton

    Client: BHP Billiton @ sn | ~euosied JO 5 Q MACMAHON 53

  41. Slide 41: Ranger Deeps Exploration Decline

    = © Ranger 3 Deeps 6 Exploration Decline =j Client: ERA For personal Q MACMAHON

  42. Slide 42: For personal use only

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  43. Slide 43: Ewekoro, Nigeria

    = © Ewekoro, Nigeria ® Client: Lafarge For personal Us Q MACMAHON

  44. Slide 44: Tavan Tolgoi, Mongolia

    nly © Tavan Tolgoi, Mongolia 8 Client: Erdenes Tavan Tolgoi For personal U Q MACMAHON

  45. Slide 45: Challenging year ahead

    @ Challenging year ahead @ Healthy tender pipeline but increased competition # International expansion @ Focus on margins, efficiencies, and cost reduction @ Business Improvement Plan implemented @ cD) = @ = e) 2 a) a. — e) LL Q MACMAHON 58

  46. Slide 46: Resolution: 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 Directors’ report for the year ended 30 June 2013) be adopted.” For personal use only Q MACMAHON 62

  47. Slide 47: Resolution – Proxy Results: Remuneration Report

    = Resolution 1 — Proxy Results fe) a Adoption of Remuneration Report = For 577,026,747 86.46% © Against 75,196,849 11.27% 9 At the Proxies’ Discretion 15,179,424 2.27% a Abstain/Excluded 33,527,075 NVZN © otal Proxy votes = 52.89% of shares on issue LL Q MACMAHON 63

  48. Slide 48: Resolution: Re-election of Giles Everist

    Resolution 2 Re-election of Charles Roland Giles Everist as a Director “To re-elect Mr Giles Everist, who was appointed by the Board on 19 June 2013 and automatically retires from the office of Director in accordance with rule 3.3(a) of the Company’s Constitution, and being eligible, offers himself

  49. Slide 49: Proxy Results: Re-election of Giles Everist

    Resolution 2 — For Against At the Proxies’ Discretion Abstain/Excluded Total Proxy votes = For personal use only Q MACMAHON 66 Proxy Results Re-election of Charles Roland Giles Everist as a Director 646,181,184 92.37% 38,033,547 5.44% 15,286,732 2.19% 1,428,633 N/A 55.44% of shares on issue

  50. Slide 50: Resolution: Re-election of James Walker

    Resolution 3 Re-election of James Allan Walker as a Director “To re-elect Mr James Walker, who was appointed by the Board on 11 October 2013 and automatically retires from the office of Director in accordance with rule 3.3(a) of the Company’s Constitution, and being eligible, offers himself for re-e

  51. Slide 51: Proxy Results: Re-election of James Walker

    Resolution 3 — For Against At the Proxies’ Discretion Abstain/Excluded Total Proxy votes = For personal use only Q MACMAHON 69 Proxy Results Re-election of James Allan Walker as a Director 676,382,895 96.69% 7,609, log 1.12% 15,307,566 2.19% 1,380,477 N/A 55.44% of shares on issue

  52. Slide 52: Resolution: Performance Rights to Ross Carroll

    For personal use only Resolution 4 Approval of Grant of Performance Rights to Ross Anthony Carroll “That for the purposes of ASX Listing Rule 10.11, the grant to Mr Ross Anthony Carroll as the Company’s Managing Director and Chief Executive Officer of: (a) 490,124 Class A Performance Rights; (b) 735

  53. Slide 53: Proxy Results: Performance Rights to Ross Carroll

    Resolution 4 — For Against At the Proxies’ Discretion Abstain/Excluded Total Proxy votes = For personal use only Q MACMAHON 72 Proxy Results Approval of Grant of Performance Rights to Ross Anthony Carroll 972,535,853 83.36% 107,070,650 15.59% 7,222,125 1.05% 14,101,470 N/A 54.44% of shares on issue

  54. Slide 54: Resolution: Spill Resolution

    Resolution 5 Spill Resolution “That: (a) an extraordinary meeting of Shareholders (‘spill meeting”) be held within 90 days of the Company’s 2013 Annual General Meeting (AGM’); (b) all the Company’s Directors (other than the Managing Director) who were Directors of the Company when the Board approved

  55. Slide 55: Proxy Results: Spill Resolution

    Resolution 5 — Spill Resolution For Against At the Proxies’ Discretion Abstain/Excluded Total Proxy votes = For personal use only Q MACMAHON 75 Proxy Results 63,275,025 953% 585,087,919 88.19% 15,110,460 2.28% 37,456,695 N/A 52.59% of shares on issue

  56. Slide 56: Annual General Meeting 2013

    Annual General Meeting 2013 For personal USeaai 15 November 2018 (@) MACMAHON

Macmahon Holdings — Shareholder Meeting (November 2013) on 6ix