Downer Edi Limited · ASX:DOW
Downer Edi — H1 2007 Earnings Presentation
13 slides from Downer Edi's earnings presentation, Feb 23, 2007
Slide 1: Half Year Results 2007
2007 Half Year Results Half Year Results
Slide 2: Half year highlights and group results
Wor NSW FPP contact as part of Relisnce Rail consortium ED: Rail key provider of design / manufactisse f mainienance Continued overseas expansion far Works tnfrigtructure with acquisitions in Singapore and the Ut Acquired Char: & Chan and Chan Lian in Singapore to create a significant market positio
Slide 3: Divisional EBIT
OAR RS OM a A ies see | Mining & Resources 608 41.2 47.0% Engineering 34.3 24.6 at , Infrastructure B44 21.8 49.5% Rail 18.4 "48.8 8% Divisional EBIT (uuieosying) cL oars 103.3 37.2% Reimpursed PPP Casts 15.6 - Additional Provisions — Mining (28.43 Corporale / Unatlocated (8.2) (42) Total Group EBIT
Slide 4: Revenue, EBIT, employee numbers and secured sales
ee Revenue So 28 EBIT gar Employee Numbers thousands “EGITA pre IRS MR Hvaineesing RARE Giving &. Rezourres FAN intiawyelve GMM ak = WA ioaecrtinune ‘Total Secured Sales $b 41 FYGT Securad Sales Ht FYO07 ROFE % by Division $b ES ME Enginzering iia Wining & Resources ett oF A ae Ean By ly iat at yan
Slide 5: Mining & Resources results
beans ee oe Turmover oe BE4.4 826.8 16A% Underlying ESIT 60.5 41.2 47.0% _Underlying EBIT / Saies 6.3% 5.0% Secured Sales 2.2br Revenue grew over 15% driven by expansion in services and increased demand from existing clients Underlying ES!T growth driven by top fine Secured sales position strong
Slide 6: Mining operations continue good performance
Mining operations continue good performance, Otrace acquisition performing wel in South America and Explosives group also delivering a good Consulting services experiencing continued growth domestically and offshore Process engineering continues recovery ~ stronger 284 half Expect demand for service
Slide 7: Engineering results
geenemnmuapes et aries) Dobe: ML i ee Turnover 743.8 209.5, (9.2%) EBIT ed. 26.5 27 7% EBIT / Sales 4.2% Ba Secured Sales 1.30 Revenue declines as expected EBIT performance impacted by wind down of energy systems business offsel by good results frorn consulting and telco Margin intprovernent expecte
Slide 8: Infrastructure results
A Seas Turnover 728 453.3 52.8% EBIT a4 21.0 48.5% Margin 4.3% 4.8% Secured Saies ‘.2bn « Revenue growth driven by organic growth and acquisitions » New Zealand impacted overall margins due to seasonali » New Zealand broadens service offering — several recent water contract wins
Slide 9: Australian operations performing well
» Australian operations performing well Demand for regional services increase ~ Mornington Peninsula in Victoria * Replication of business model to chosen markets continues — Singapore (Chan & Chan) and UK (Sillars} * Growth opportunities in expanding business model to new jurisdictions, increasing
Slide 10: Rail results
Turnover 188.6 A (1.0%) ERY 18.4 16.6 10.85 _ Margin SF 8.7% Secured Sales 5.4b0 » Revenue stable but expect pick up in H2 fram PPP » EB®{T and margins continue good performance * Recent NSW. WA arid GLD passenger cer wins duilds strong sales base NSW PPP Expect construct revenues to deliver high si
Slide 11: Geoff Bruce, Finance Director
EC, = se, |; GEOFF BRUCE Finance Director
Slide 12: Group financial results
BA ceseiosonae Turmover 2,528.8 EBIT 423.7 99.2 24.7% Net interest (27.5) {24.3} Profit Before Tax 96.2 78.1 Taxation (15.8) (8.5) 84.7% Net Profit After Tax 80.6 69.6 15.8% EPS (cents) 25.6 23.8 ¥.6% OPS (cents) 18.0 120 8.3% * BBITA pro-t8S, EBIT $m
Slide 13: Cash flow, gearing and dividend
EaITRA 190.9 158.2 Noi PRBE 1a 55.3%) Not Accu! 49. 26. Bz.0% Not Investments a7 WA 178.3% Gi 158.6 148.8 Tax (RelesyPain ~ 22) 20.7 Sn Tow'ng Costs Net of Interest Recsiven m2 196 cic Pic fact of DRE} 184 20.2 Chanys NC (Furstes) 1914 09.3 Major Applications of Cash 2804 258.6 Net Cash Apptiad 489.