Nrw Holdings Limited · ASX:NWH
Nrw — Investor Presentation (April 2011)
17 slides from Nrw's investor presentation, Apr 14, 2011
Slide 1: Middlemount Coal Contract and Capital Raising Presentation
For personal use only Middlemount Coal Contract and Capital Raising Presentation 14 April 2011 **Not for distribution or release in the United States or to US Persons**
Slide 2: Disclaimer and important notice
Disclaimer and important notice For personal use only This investor presentation (Presentation) has been prepared by NRW Holdings Limited (ABN 95 118 300 217) (NRW). Summary information: This Presentation contains summary information about NRW and its activities current as at the date of this Presen
Slide 3: Disclaimer and important notice: Non-GAAP Measures
Disclaimer and important notice For personal use only Non‐GAAP Measures You should also be aware that certain financial data included in this Presentation are “non‐GAAP financial measures” under Regulation G under the United States Securities Exchange Act of 1934, including “EBIT” and “EBITDA”. The
Slide 4: Executive Summary
Executive Summary For personal use only 5 Year mining contract awarded by Middlemount Coal Total contract value of approximately $780 million Middlemount Coal First major coal project and first significant contract in QLD Contract Return on capital employed at least in line with the returns
Slide 5: Middlemount Contract
Middlemount Contract For personal use only NRW has been awarded a 5 year mining contract by Middlemount Coal1 commencing 1 July 2011 − total contract value of approximately $780 million − follows and supersedes the $50 million preliminary works contract awarded to NRW in January 2011 The contrac
Slide 6: Middlemount Contract: Capex
Middlemount Contract: Capex For personal use only Estimated total capital expenditure related to the Middlemount mining contract will be approximately $120 ‐ $145 million expected over the next 12–18 months − approximately $50 million of equipment from the Comiskey transaction1 − approximately $80
Slide 7: Middlemount Contract: Impact
Middlemount Contract: Impact For personal use only “The mining services contract with Middlemount represents a major milestone for the company in its diversification strategy in terms of location, client and commodity. The contract, with a total value of up to $780 million, provides NRW with a subst
Slide 8: Outlook and Order Book
Outlook and Order Book For personal use only NRW is on track to achieve the FY11 revenue target of at least $700 million NPAT for FY11 expected to be at the lower end of the broker forecast range of $40‐45 million ‐ high rainfall during the March quarter in the Pilbara region, the NT and in QLD
Slide 9: Current Projects
Current Projects For personal use only Fortescue Metals Group OM Holdings Ltd BMA Pilbara (Civil) Northern Territory Lotus Road Earthworks Anderson Point Port (Mining) (Civil) Expansion; Main Line Bootu Creek Darwin Rail Duplication (ECI) Middlemount Coal Middlemount Fortescue Metals (Mining) Group:
Slide 10: Tender Pipeline
Tender Pipeline For personal use only Tendering activity is at record level—current active tenders of $7.67 billion As highlighted by the award of the Middlemount Contract, NRW is expected to continue to benefit from diversification across client base, commodity and geography Target opportunitie
Slide 11: Strategic Objectives
Strategic Objectives For personal use only $850‐1b Potential $1b+ Potential Achieved to Date Revenue Revenue FY12 FY13 + Awarded main roads contract in WA • Maintain strong • Expand on‐shore Oil Awarded contract in the Oil & Gas revenue growth and & Gas capability sector ROCE • Order book $2b+
Slide 12: For personal use only
For personal use only 12
Slide 13: Equity Raising Summary
Equity Raising Summary For personal use only Structure Placement to institutional and sophisticated investors plus a Share Purchase Plan (SPP) Placement size $70 million fully underwritten Placement Pricing $2.74 per share, implying a 4% discount to last close Placement shares to be 25,547,445 share
Slide 14: Equity Raising: Pro Forma Impact
Equity Raising: Pro Forma Impact For personal use only The equity raising ensures that NRW’s conservative gearing is maintained following the Comiskey transaction and provides flexibility in funding capital expenditure associated with major contracts (including the Middlemount mining contract) Pro
Slide 15: Equity Raising: Timetable
Equity Raising: Timetable For personal use only Event Trading halt begins Thursday 14 April 2011 Bookbuild opens 10:00am AEST, Thursday 14 April 2011 Bookbuild closes 4:00pm AEST, Thursday 14 April 2011 Trading halt lifted Friday 15 April 2011 Equity raising settlement Wednesday 20 April 2011 New sh
Slide 16: Appendix: Overview of 1st Half 2011 Operating Performance
For personal use only Appendix Overview of 1st Half 2011 Operating Performance 16
Slide 17: 1st Half 2011 Operating Performance
1st Half 2011 Operating Performance For personal use only 1HY11 1HY10 Change SALES REVENUE $m 358.3 275.6 30% Civil Contracting $m 192.1 171.3 12% Mining Services $m 149.9 87.7 71% Drill & Blast $m 11.3 0.0 Action Mining $m 12.7 11.2 14% Other* $m (7.7) 5.4 EBITDA $m 48.5 37.9 28% EBIT $m 32.0 25.8