Nrw Holdings Limited · ASX:NWH
Nrw — Shareholder Meeting (November 2012)
25 slides from Nrw's shareholder meeting presentation, Nov 28, 2012
Slide 1: NRW Holdings Limited 2012 Annual General Meeting
For personal use only NRW HOLDINGS LIMITED 2012 ANNUAL GENERAL MEETING 28th November 2012
Slide 2: Disclaimer and Important Notice
DISCLAIMER AND IMPORTANT NOTICE 2 For personal use only 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 c
Slide 3: Chairman: Dr Ian Burston
CHAIRMAN: DR IAN BURSTON 3 For personal use only
Slide 4: Mr Julian Pemberton: CEO Update
MR JULIAN PEMBERTON: CEO UPDATE 4 For personal use only
Slide 5: FY2012 Financial Performance
FY2012 FINANCIAL PERFORMANCE 5 For personal use only REVENUE 82% to $1.35 Billion EBITDA 105% to $195.9 million EBIT 138% to $154.0 million NPAT 136% to $97.1 million CASH 95% to $138.0 million EPS (basic) 116% to 34.8 cents TOTAL DIVIDEND 100% to 18.0 cents
Slide 6: FY2012 Cash & Return on Capital Employed
FY2012 CASH & RETURN ON CAPITAL EMPLOYED 6 For personal use only $m’s $m's % 200.0 180.0 450 45% 160.0 400 40% 140.0 350 35% 120.0 300 30% 100.0 250 25% 80.0 200 20% 60.0 150 15% 40.0 100 10% 20.0 50 5% - - 0% FY07 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 Operating Cash Flow Net Fixed Asset
Slide 7: FY2012 Key Financials
FY2012 KEY FINANCIALS 7 For personal use only REVENUE GROWTH EBITDA $m's $m's 1,400 200 1,200 1,000 $748 150 $107 800 100 600 $387 $335 $52 $48 400 $218 $244 $37 $610 50 $42 $89 200 $123 $358 $23 $253 $266 $276 $30 $43 $38 $47 0 $134 $23 0 FY07 FY08 FY09 FY10 FY11 FY12 FY07 FY08 FY09 FY10 FY11 FY12
Slide 8: FY2012 Divisional Performance
FY2012 DIVISIONAL PERFORMANCE 8 For personal use only Civil Construction Mining Services Drill & Blast Action Mining • Revenue increase by 91% on • Revenue increase by 69% on • Action Drill & Blast has experienced • Support vehicle sales outperformed, FY2011 FY2011 exceptional growth with a 307% wit
Slide 9: Rio Tinto's Western Turner Syncline mine
For personal use only Rio Tinto’s Western Turner Syncline mine
Slide 10: Safety and Training Performance
SAFETY AND TRAINING 10 For personal use only PERFORMANCE Safety 8,000,000 40 The company wide Safety Program, ‘A safe day, 7,000,000 35 every day’ has increased engagement and awareness across all levels of the business and resulted in much improved safety performance. 6,000,000 30 • FY12 Lost Time
Slide 11: Our People
OUR PEOPLE 11 For personal use only NRW Employees* As of the end of October 2012 NRW employed a 2007 – Oct 2012 5,000 workforce of 3,848. Strategic approach to up skilling existing workforce, 4,500 as well as more structured entry-level opportunities: Employees 4,000 • Operators Program 3,500 • Supe
Slide 12: Rio Tinto's port at Cape Lambert, Western Australia
Rio Tinto’s port at Cape Lambert, Western Australia For personal use only
Slide 13: $374M in New Contract Awards Since June
$374M IN NEW CONTRACT AWARDS SINCE JUNE 30 13 For personal use only NRW awarded contract at Cape Lambert Port B 353Mtpa Project Client: Rio Tinto Works include stockyard, conveyor link earthworks, relocation of water pipelines and rail formation earthworks. Pilbara, Western Australia NRW awarded Yan
Slide 14: For personal use only
For personal use only NRW awarded West Angelas Access Road contract Client: Rio Tinto Upgrade of existing road between Great Northern Highway and West Angelas mine Pilbara, Western Australia. NRW awarded Thomas Yards civil contract Client: Fortescue Various civil works at the Thomas Marshalling Yard
Slide 15: NRW Group Order Book
NRW GROUP ORDER BOOK 15 For personal use only Order Book at 30 June 2012 $2.0 Billion Order Book at 31 October 2012 $1.6 Billion1 Contracts awarded in FY12 $885.6 million 5% 16% 43% 36% Iron Ore Coal LNG Other Note: 1 refers to order book net of October YTD pro forma revenue
Slide 16: Tender Pipeline & Active Tenders
TENDER PIPELINE & ACTIVE TENDERS 16 For personal use only Strong tender activity and good visibility with $14.7 billion in the future tender pipeline across Australia and several international opportunities. $Bn's $1.04 Civil WA Current active tenders/framework $0.80 Civil Qld projects approximately
Slide 17: Middlemount Mine, Queensland
For personal use only Middlemount Mine, Queensland
Slide 18: Trading Update and Outlook
TRADING UPDATE AND OUTLOOK 18 For personal use only NRW remains confident of continued growth in FY13 with a current order book of $1.6 billion including secured revenue for FY13 of $1.3 billion. The Company is targeting revenue growth of 15% in FY13 and expect group NPAT margins in the range of 5-6
Slide 19: Trading Update and Outlook
TRADING UPDATE AND OUTLOOK 19 For personal use only Action Drill & Blast will continue its strong growth profile through existing client base in WA and Queensland, as well as capitalising on new opportunities as demonstrated by the recent award at Isaac Plains. Action Mining Services’ performance wi
Slide 20: Thank You – Any Questions?
For personal use only THANK YOU – ANY QUESTIONS?
Slide 21: Financial Results 2012 Addendum
For personal use only FINANCIAL RESULTS 2012 Addendum
Slide 22: Operating Performance
OPERATING PERFORMANCE 22 For personal use only FINANCIAL 1HY12 2HY12 FULL YEAR FY12 FY11 Change PERFORMANCE ($m’s) SALES REVENUE Civil 323.9 407.8 731.7 382.6 91% Mining 246.5 295.7 542.2 321.7 69% Action Drill & Blast 50.9 62.2 113.1 27.8 307% Action Mining Services 21.0 25.6 46.6 28.1 66% Other *
Slide 23: Divisional Performance
DIVISIONAL PERFORMANCE 23 For personal use only DIVISIONAL NRW CIVIL NRW MINING ACTION ACTION PERFORMANCE ($m’s) CONTRACTING SERVICES DRILL & BLAST MINING SERVICES FY2012 Revenue 731.7 542.2 113.1 46.6 Segment Profit 81.6 64.0 18.7 4.6 Return on revenue 11% 12% 17% 10% FY2011 Revenue 382.6 321.7 27.
Slide 24: Balance Sheet
BALANCE SHEET 24 For personal use only FINANCIAL POSITION ($m’s) FY12 FY11 FY10 FY09 FY08 Working Capital 15.0 36.9 30.1 26.4 56.4 Non-Current Assets 391.1 293.0 178.8 156.7 165.5 Non-Current Liabilities (16.2) (10.2) (0.4) (0.6) (12.3) 389.9 319.6 208.5 182.5 209.6 Funded by: Cash / (overdraft) 138
Slide 25: Project Locations
For personal use only PROJECT LOCATIONS