Nrw Holdings Limited · ASX:NWH
Nrw — Shareholder Meeting (November 2013)
34 slides from Nrw's shareholder meeting presentation, Nov 11, 2013
Slide 1: NRW Holdings Limited
= civ Holdings Limited
Slide 2: Disclaimer and Important Notice
For personal use only DISCLAIMER AND IMPORTANT NOTICE Information, including forecast financial information in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities of other instruments in NRW Holdings Limited or any other com
Slide 3: Chairman: Mr Ian Burston
For personal use only CHAIRMAN: MR IAN BURSTON 3
Slide 4: Item 1: Financial Statements
For personal use only ITEM 1: FINANCIAL STATEMENTS ‘To receive and consider the financial statements of the Company for the period ended 30 June 2013, together with the Directors’ report and the auditors’ report as set out in the 2013 Annual Report.’ 4
Slide 5: Chairman: Mr Ian Burston
For personal use only CHAIRMAN: Mr Ian Burston Mr Ian Burston was appointed as a Director and Chairman on 27 July 2007. His career includes former positions as Managing Director of Portman Limited, Managing Director and Chief Executive Officer of Aurora Gold Ltd, Chief Executive Officer of Kalgoorli
Slide 6: Item 2: Re-election of Mr Ian Burston
For personal use only ITEM 2: Re-election of Mr Ian Burston ‘That Mr Ian Burston, who retires in accordance with rule 5.1 of the Constitution and being eligible, is re-elected as a Director.’ For Open Against Total Valid As a % of Abstain 1 Available issued Votes capital Votes Holders Percentage 1 A
Slide 7: Non Executive Director: Mr Jeff Dowling
For personal use only NON EXECUTIVE DIRECTOR: Mr Jeff Dowling Mr Jeff Dowling was appointed as a Director on 21 August 2013. Mr Jeff Dowling, retires in accordance with rule 8.1 of the Constitution, and being eligible, offers himself for re-election. Jeff was appointed as a Director on 21 August 201
Slide 8: Item 3: Re-election of Mr Jeff Dowling
For personal use only ITEM 3: Re-election of Mr Jeff Dowling ‘That Mr Jeff Dowling having been appointed pursuant to rule 8.1 of the Constitution retires in accordance with rule 8.2 of the Constitution and being eligible, is re-elected as a Director.’ For Open Against Total Valid As a % of Abstain 1
Slide 9: Item 4: Remuneration Report
For personal use only ITEM 4: Remuneration Report ‘That the 2013 Remuneration Report be adopted’ For Open Against Total Valid As a % of Abstain 1 Available issued Votes capital Votes Holders Percentage 1 Abstain votes are provided for information only and are not included in the calculation of Total
Slide 10: Item 5: Executive Incentive Scheme (Mr Julian Pemberton)
For personal use only ITEM 5: Executive Incentive Scheme (Mr Julian Pemberton) ‘That for the purposes of Listing Rule 10.14, and for all other purposes, approval is hereby given for the grant to Mr Julian Pemberton, Managing Director, of up to a maximum 1,961,449 Performance Rights for nil financial
Slide 11: CEO Update: Mr Julian Pemberton
For personal use only CEO UPDATE: MR JULIAN PEMBERTON 11
Slide 12: NRW Group FY13 Overview
For personal use only NRW GROUP FY13 OVERVIEW • Sales revenue up 1% to $1.374 billion • NPAT down 24% to $74.1 million • EPS (basic) down 24% to 26.6 cents FINANCIAL • Dividend of 13 cents (fully franked) • Cash balance down 5% to $131 million • Over $660 million awarded in new contracts in FY13 (ov
Slide 13: Year Snapshot: Key Financials
5 YEAR SNAPSHOT: KEY FINANCIALS For personal use only 13
Slide 14: Cash & Return on Capital Employed
CASH & RETURN ON CAPITAL EMPLOYED For personal use only • Operating cash flow in FY13 was $118M. The decrease in operating cash was a result of reduced operating margins, slightly slower collection cycle and tax payments. • Maintained strong cash reserves at $131M, compared to FY12 ($138M). • The Gr
Slide 15: Safety and Training / Safety Performance
For personal use only SAFETY AND TRAINING SAFETY PERFORMANCE Consistent safety performance in FY13 reflected with an improved Lost Time Injury Frequency Rate (LTIFR) of 0.55 at 30 June 2013, FINANCIAL representing an 18% improvement from the previous year (FY12: 0.67). A relatively flat line in Tota
Slide 16: Our People
For personal use only OUR PEOPLE • As of 30 June 2013, NRW employed a workforce of 2,283* people, down from our peak of 4,821* in August 2012, and a 50% reduction compared to the close of FY12 (4,592* people). • FINANCIAL In FY13 NRW continued its close relationship with its workforce resulting in z
Slide 17: Rio Tinto's Western Turner Brockman
For personal use only 17 Rio Tinto’s Western Turner Brockman
Slide 18: Civil Division
For personal use only CONTRACT AND CIVIL DIVISION EXTENSIONS AWARDED REVENUE RIO TINTO Cape Lambert Port B 353Mtpa Project $860.6 million, 18% increase on FY12 Western Turner Brockman Earthworks (additional SAFETY scope) Significant improvement with TRIFR reducing from Western Turner Syncline Concre
Slide 19: Mining Division
For personal use only CONTRACT AND MINING DIVISION EXTENSIONS AWARDED REVENUE MIDDLEMOUNT COAL JV $404.5 million, 25% decrease on FY12 Middlemount Coal – Dry Hire and Maintenance. SAFETY FORTESCUE METALS GROUP Satisfactory safety performance for the year, with a Christmas Creek Vasse Tailings Storag
Slide 20: Drill & Blast Division
For personal use only DRILL & BLAST DIVISION CONTRACTS AND EXTENSIONS AWARDED FORTESCUE METALS GROUP REVENUE Drilling Services at Cloudbreak Mine $150.5 million, 33% increase on FY12 ISAAC PLAINS COAL MANAGEMENT SAFETY Blasting Services at Isaac Plains Coal Mine (originally Completed FY13 with a LTI
Slide 21: Action Mining Services
For personal use only ACTION MINING SERVICES REVENUE $41.8 million, 10% decrease on FY12 SAFETY More than three years (1,095 days) Lost Time Injury (LTI) free in the workplace. OPERATIONAL Decrease in revenue predominately due to the sector downturn in mining and civil projects at the end of the fir
Slide 22: Great Eastern Highway Alliance Upgrade for MainRoads WA
For personal use only Great Eastern Highway Alliance Upgrade for MainRoads WA 22 Rio Tinto’s Western Turner Syncline mine
Slide 23: Operating Performance
OPERATING PERFORMANCE For personal use only *Other includes unallocated income and consolidations eliminations for Action Drill & Blast ($72m) and Action Mining Services ($11m). • Contract terminations and delays in project commencements and awards resulted in significant one off and other costs bei
Slide 24: Balance Sheet
BALANCE SHEET •BALANCE SHEET For personal use only • Equity attributable to shareholders increased by 7.2% to $352.9M for FY13 compared to FY12: $329.2 million. – Net working capital increased due to tax instalments and differences between accounting and tax policies, and slowing of debtor payments.
Slide 25: Funding Facilities
BALANCE FACILITIES •FUNDING SHEET For personal use only The Structured Debt Facility (ANZ lead arranger), was successfully reviewed and maintained during the FY13 year. Other funders included insurance providers as required, operating lease providers and asset financiers outside the club banking arr
Slide 26: Rio Tinto's port at Cape Lambert, Western Australia
Rio Tinto’s port at Cape Lambert, Western Australia For personal use only 26 Action Drill & Blast at Rio Tinto’s Western Turner Syncline
Slide 27: Over $660M in New Contract Awards Since June 2013
For personal use only OVER $660M IN NEW CONTRACT AWARDS SINCE 30 JUNE 2013 ROY HILL RAIL BULK EARTHWORKS ORE CAR REPAIR SHOP Client: Samsung C&T Client: BHP Billiton Iron Ore Scope: Construction of approximately 330 km of Scope: Bulk earthworks and road main line heavy haul rail formation for the co
Slide 28: Group Order Book
For personal use only GROUP ORDER BOOK Order Book Order Book at 30 June 2013 $1 Billion Order Book at 1 November 2013 $1.34 Billion1 New contracts awarded in FY13 and FY14 to date $1.53 Billion2 Note: 1 refers to order book net of October YTD pro forma revenue Note: 2 refers only to the contract val
Slide 29: Active Tenders
For personal use only ACTIVE TENDERS Active Tenders Tender activity remains strong with over $3.2 billion in active tenders across Australia and internationally across iron ore, coal, LNG and government as well as new markets. Active tenders is comprised of: Civil WA: $400 million Civil QLD: $590 mi
Slide 30: Our Strategy – Existing Business
For personal use only OUR STRATEGY – EXISTING BUSINESS Within our existing business units: • Manage capital expenditure, capital allocation and growth opportunities to ensure the business has a portfolio of businesses earning an appropriate return on capital. • Grow to a size and capability that we
Slide 31: Our Strategy – New Business
For personal use only OUR STRATEGY – NEW BUSINESS In new market segments that we do not operate in today: • Continue to work on appropriate diversification (commodity, geography and client base) opportunities particularly those that add value through their ability to cross-sell services. • Further i
Slide 32: Trading Update and Outlook
For personal use only TRADING UPDATE AND OUTLOOK NRW retains a positive outlook over the short to medium term with a steady pipeline of tenders and a clear strategy to further diversify our client base and client offering. Civil Division will be focused on successful delivery of existing and newly a
Slide 33: Trading Update and Outlook
For personal use only TRADING UPDATE AND OUTLOOK Action Mining Services has experienced very challenging trading conditions over the past nine months due to the slowdown in new project activity and cost reduction programs of clients. As new major projects ramp up, we are seeing increased demand for
Slide 34: FY13 Project Locations
FY13 PROJECT LOCATIONS For personal use only 34