Nrw Holdings Limited · ASX:NWH

Nrw — UBS Emerging Companies Presentation 2008

16 slides from Nrw's conference presentation, Oct 23, 2008

  1. Slide 1: UBS Emerging Companies Presentation

    For personal use only UBS Emerging Companies Presentation 23 October 2008

  2. Slide 2: Agenda

    For personal use only Agenda „ Highlights „ Business Review „ Financial Summary „ Balance Sheet „ Cash Flow „ Outlook 2

  3. Slide 3: Highlights

    Highlights Highlights from 2008 results and update on recent contract wins For personal use only „ Pro Forma Revenue of $471.2m 70% increase on FY2007 Pro Forma „ Pro Forma EBIT of $66.1m 97% increase on FY2007 Pro Forma „ Pro Forma NPAT of $41.4m 106% increase on FY2007 Pro Forma „ Pro Forma EPS of

  4. Slide 4: Civil Projects Update

    For personal use only Civil Projects Update Project name Description 44km Cloud Break to Christmas Creek Rail „ Christmas Creek rail extension on Extension schedule ($87m) FMG „ Contract includes: Rail earthworks, roadworks, bridges and drainage Brockman 4 „ Brockman 4 Expansion on schedule Rio Tint

  5. Slide 5: Civil opportunities into 2010

    For personal use only Civil opportunities into 2010 Project name Description Rapid Growth Project „ NRW is part of a consortium tendering to construct the Yandi to Port 5 Rail BHPB Hedland rail duplication „ NRW will be responsible for all earthworks and drainage Queensland Infrastructure „ NRW disc

  6. Slide 6: Mining Services Update

    For personal use only Mining Services Update New Contracts and Simandou update Project name Description Bootu Creek „ Drill and blast, excavation, haulage OM Holdings waste dump management services and crusher feed „ 3 year contract $185m plus 2 year option West Angelas „ Small pre strip mine overbu

  7. Slide 7: Mining Services opportunities into 2010

    For personal use only Mining Services opportunities into 2010 Project name Description Christmas Creek „ As part of FMG’s 80 mtpa expansion NRW is in the process of tendering FMG the contract mining works at Christmas Creek Bowen Basin Coal JV „ NRW is exploring a number of opportunities including a

  8. Slide 8: Promac / Action Mining

    For personal use only Promac / Action Mining Promac Update „ Supply of Chinese radial tyres in the larger sizes (100+ tonne class truck) is expected to contribute to increasing sales in FY2009 „ Promac has secured a yard in Queensland and are in negotiations with a distributor in South Australia for

  9. Slide 9: Financial Summary: Pro Forma revenue by division

    Financial Summary Pro Forma revenue by division For personal use only FY2007 FY2008 FY2008 Pro Forma $m Pro Forma Actual Pro Forma Actual Prospectus Forecast NRW Civil Contracting 162.0 336.8 305.7 NRW Mining Services 77.8 107.2 91.4 Promac 28.6 21.2 39.6 Action Mining 20.7 26.2 26.0 Other / Elimina

  10. Slide 10: Financial Summary: Pro Forma Financials

    Financial Summary Pro Forma Financials For personal use only FY2007 FY2008 FY2008 Pro Forma $m unless stated Pro Forma Actual Pro Forma Actual Prospectus Forecast Revenue 277.6 471.2 440.4 EBITDA 45.2 84.2 85.4 EBITDA margin (%) 16.3% 17.9% 19.4% Depreciation (11.6) (18.1) (21.2) EBIT 33.6 66.1 64.2

  11. Slide 11: Balance Sheet

    Balance Sheet Summary Balance Sheet For personal use only $m unless stated 30 Jun 08 „ Total debt of $98.1m (net debt of $94.8m) Cash 3.3 ‰ Trade finance + insurance funding PPE 123.4 $5.3m Other assets 185.0 Total assets 311.7 ‰ Hire purchase liabilities of $78.3m (3-5 year term, fixed rate, asset

  12. Slide 12: Capital Expenditure

    Capital Expenditure „ FY2008 capital expenditure of $59.0m For personal use only ‰ $4.8m funded by cash ‰ $53.2m funded by hire-purchase liabilities and $1.0m funded by trade finance „ FY2009 forecast capital expenditure of $26.0m ‰ Growth capex in the past two years expected to be sufficient to sup

  13. Slide 13: Operating Cash Flow

    Operating Cash Flow Pro Forma Operating Cash Flow For personal use only FY2007 FY2008 FY2008 Pro Forma $m Pro Forma Actual Pro Forma Actual Prospectus Forecast EBIT 33.6 66.1 64.2 Depreciation and amortisation 11.6 18.1 21.2 EBITDA 45.2 84.2 85.4 Working capital movements (0.2) (69.5) (11.4) Cash fl

  14. Slide 14: Key Client Update

    Key Client Update Key clients continue to increase investment and announce iron ore For personal use only production increases in WA and offshore Current production: 175 mtpa Current production: 22 mtpa Current production: 111 mtpa (12 months to June 2008) for CY08 (target) (FY2008) Forecast product

  15. Slide 15: Outlook

    Outlook Strong growth and margins For personal use only 15

  16. Slide 16: Outlook

    For personal use only Outlook „ Confirm minimum net profit growth of 15-20% for FY2009 „ Expect a strong order book into 2010 „ Group tender activity still at record highs „ 92% of Civil & Mining Division revenue secured for FY2009 „ Mining division to outpace growth in the other divisions due to op

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