Nrw Holdings Limited · ASX:NWH
Nrw — Investor Presentation (November 2009)
20 slides from Nrw's investor presentation, Nov 9, 2009
Slide 1: Investor Presentation
For personal use only Investor Presentation Singapore / Hong Kong 9th – 11th November 2009 Julian Pemberton Kim Hyman Mark Wallace Chief Operating Officer Company Secretary Chief Financial Officer
Slide 2: History
History For personal use only Key milestones 1994 — NRW established by Jeff McGlinn and John Silverthorne 1997 — Established presence in the Pilbara with a 5 year services contract for BHP 2002 — Achieved Rio Tinto pre-qualification status for Mining and Civil tenders 2004 — Won first major
Slide 3: Diversified business
Diversified business Complementary and diversified service offering to the resources sector For personal use only Civil Contracting Mining Services Provides construction Provides a wide Provides the sale of Provides equipment services including rail range of contracting new and used, heavy repairs,
Slide 4: Key clients
Key clients For personal use only NRW is firmly integrated into major resource companies’ supply chains 4
Slide 5: Strong share register
Strong share register For personal use only TOP INVESTOR GROUPS (by parent company) 05 Aug Investor 22 Oct 2009 % of isc Change City 2009 1 Directors, Employees & Related Parties 66,593,347 26.5% (4,354,765) 70,948,112 Combined 2 BT Investment Mgt 16,670,374 6.6% 8,361,772 8,308,602 Sydney 3 AMP Cap
Slide 6: Highlights 2009
Highlights 2009 Financial and Operational Highlights For personal use only Revenue of $509.6m 8% increase on FY2008 EBIT of $60.1m 12% increase on FY2008 NPAT of $37.1m 13% increase on FY2008 Net debt $40.2 million 58% decrease on FY2008 Total dividends for the year of 2.0 cents per share.
Slide 7: People and Safety
People and Safety 3000000 10 For personal use only At 30 June 2009 NRW employed 9 829 staff together with a significant 2500000 number of contractors 8 7 Continue to have very high 2000000 Man Hours employee retention rates 6 LTIFR Approximately 10% of total 1500000 5 employees are indigenous
Slide 8: Civil Projects - Current Contracts
Civil Projects Current Contracts For personal use only Project name Description RGP5 (South) Rail duplication - 54km of the southern section from Cowra siding to Yandi mine BHPBIO Contract includes: Rail formations, drill and blast, track and signals and a 300 man camp JV with Laing O’Rourke &
Slide 9: Civil Projects
Civil Projects For personal use only Project name Description Pannawonica Rail Construction of two 24 metre diametre Bridge Replacement tunnels to replace flood damaged bridge. Rio Tinto Project value: $15 million JV with NYFL – local Indigenous landowners Indigenous workforce = 25% of total
Slide 10: Civil Projects - Recently Completed Contracts
Civil Projects Recently Completed Contracts For personal use only Project name Description Brockman 4 Successful completion of Brockman 4: the Rio Tinto largest resource earthworks project undertaken in WA. Project staffing reached a peak in excess of 550 personnel on site 10
Slide 11: Mining Services
Mining Services For personal use only Project name Description Hope Downs Mining Drill and blast, excavation, haulage and waste dump management services Rio Tinto In-pit works including pre-development pit establishment, waste pre-stripping, waste cutback and remnant ore mining Christmas Creek
Slide 12: Mining Services
Mining Services For personal use only Project name Description Bootu Creek Drill and blast, excavation, haulage waste OM Holdings dump management services and crusher feed 3 + 2 year contract term Simandou Project Renegotiated contract extension through to Rio Tinto December 2010 plus one year
Slide 13: Promac / Action Mining
Promac / Action Mining For personal use only Promac Water/Service truck sales successfully met budget. FY2010 expected to experience more challenging conditions Lighting towers and generator sets released on market with positive feedback In order to generate sales growth Promac is in the proce
Slide 14: Financial Summary - Revenue by division
Financial Summary Revenue by division For personal use only FY2009 FY2008 FY2007 $m Actual Actual Actual NRW Civil Contracting 295.0 336.8 162.0 NRW Mining Services 188.6 107.2 77.8 Promac 31.8 21.2 28.6 Action Mining 25.6 26.2 20.7 Other / Eliminations1 (31.4) (20.2) (11.5) Total Revenue 509.6 471.
Slide 15: Financial Summary
Financial Summary Financials For personal use only FY2009 FY2008 FY2007 $m unless stated Actual Actual Actual Revenue 509.6 471.2 277.6 EBITDA 81.2 71.9 45.2 EBITDA margin (%) 15.9% 15.3% 16.3% Depreciation (21.1) (18.1) (11.6) EBIT 60.1 53.8 33.6 EBIT margin (%) 11.8% 11.4% 12.1% Interest (8.1) (6.
Slide 16: Balance Sheet
Balance Sheet Summary Balance Sheet For personal use only $m unless stated 2009 2008 Cash 20.6 3.3 PPE 125.9 123.4 Highlights Other assets 165.3 185.0 Total assets 311.8 311.7 • Increase in cash reserves Current liabilities Interest bearing liabilities 34.7 53.2 • Decrease of interest bearing liabil
Slide 17: Capital Expenditure
Capital Expenditure For personal use only FY2009 capital expenditure of $25.9m 70 comprising: 60 $19.7m Growth. $6.2m Maintenance. 50 Capital expenditure primarily relates to: 40 NRW Civil & Mining ($22.7m) $m 51.0 30 Promac division ($2.9m) 36.4 Action Mining ($0.2m) 20 19.7 10 8.0 6.
Slide 18: Operating Cash Flow
Operating Cash Flow Operating Cash Flow For personal use only FY2009 FY2008 FY2007 $m Actual Actual Actual EBIT 60.1 53.8 33.6 Depreciation and amortisation 21.1 18.1 11.6 EBITDA 81.2 71.9 45.2 Working capital movements 6.9 (57.2) (0.2) Cash flows from operations 88.1 14.7 45.0 Efficient managemen
Slide 19: Revenue Outlook
For personal use only Revenue Outlook 19
Slide 20: Outlook
Outlook Strong FY2010 order book, tracking for revenue growth of 20% For personal use only Tender activity high but remains competitive. Current pipeline in excess of $1.5 billion Civil & Mining Division ~ $460 million secured revenue for FY2010 Civil expansion opportunities due to commencem