Slide 1: Full Year Results 2007
For personal use only Full Year Results 2007 21 August 2007 Changes made Head Office responsibilities streamlined Improved interaction between Head Office and Divisions Global Works business Alignment of 4 consulting businesses under one CEO Mining & Engineering management teams rebuilt du
Slide 2: Revised operating structure; Business review
For personal use only Revised operating structure Passenger Australia; New Power Open cut & Multi-disciplinary Zealand; Asia; Underground architectural and Freight Telecommunications UK engineering Blasting Spares Energy systems design Road services (closing) Otraco consultan
Slide 3: Improving stakeholder engagement; Revenue and EBIT growth
For personal use only Improving stakeholder engagement Updates on business performance 4 times a year Annual Investor Day with operational management Regular operational visits YOUR SUCCESS YOUR VISION YOUR BUSINESS 5 Revenue and EBIT growth Full Year to 30 June ($m) 2007 2006 % Revenue 5,362
Slide 4: Significant Items; Projects update
For personal use only Significant Items Contract claims and disputes (145.3) Process Engineering (73.7) Energy Systems (71.6) Contract Mining Losses (61.5) Change in estimates for make good provisions 38.9) Reimbursed tender costs 15.6) Total before tax (152.2) Tax benefit 45.7) R + D tax benefit 46
Slide 5: Core businesses continue to perform; Divisional strength sustained
For personal use only Core businesses continue to perform Turnover $b EBIT $m EMPLOYEE NUMBERS 5.4 281² 1,000 22.3 4.7 21.0 230² 3.8 17.5 3.2 14.6 189 13.0 2.7 157 140 03 04 05 06 07 03¹ 04¹ 05 06 07 03 04 05 06 07 ¹ EBITA pre IFRS Engineering Mining & Resources Works Rail Discontinued ² Underlying
Slide 6: Second half delivers cash flow potential; Balance sheet strength
For personal use only Second half delivers cash flow potential $million June 2007 June 2006 Net Profit after tax 102) (25) Depreciation & amortisation 137) 108) Working capital movement (114) 111) Other (19) (104) Operating cash flow 106) 90) Investments (128) (239) Capital expenditure (net) (97) (1
Slide 7: Business continues to improve performance; All divisions contribute to EBIT
For personal use only Business continues to improve performance ROE ROFE 17.1¹ 16.32 16.7¹ 14.5¹ 15.5 13.2 14.0 11.9 13.8¹ 12.7 10.6 03 04 05 06 07 03 04 05 06 07 ROE = NPAT Rolling 12mth pre-goodwill/Equity pre-goodwill ROFE = EBIT/AFE; AFE = Avg Net Debt + Avg Equity last 3 half years ¹ Underlying
Slide 8: Trend of margin improvement continues; Full year performance met expectations
For personal use only Trend of margin improvement continues Full Year to 30 June ($m) 2007 2006 % Revenue 1,555 1,388 12.1% Underlying EBIT 101 84 21.3% Underlying EBIT / Sales 6.5% 6.0% ROFE 15.0% 14.8% Secured Sales 1.8bn 2.8bn HIGHLIGHTS STRATEGY Revenue grew over 12% and margin Grow services
Slide 9: Expect continued success going forward; Track record of execution maintained
For personal use only Expect continued success going forward Full Year to 30 June ($m) 2007 2006 % Revenue 1,620 1,078 50.3% EBIT 74 62 20.3% EBIT / Sales 4.6% 5.7% ROFE 15.4% 20.6% Secured Sales 1.2bn 1.4bn HIGHLIGHTS STRATEGY Revenue growth driven by organic growth Improve reach and service of
Slide 10: NSW PPP – a great opportunity; FY08 outlook
For personal use only NSW PPP – a great opportunity Confident of delivering trains on time All major component suppliers contracted on back to back terms with the head contract Auburn maintenance facility and Cardiff upgrade underway Design process underway - good working relationship with c
Slide 11: Full Year Results 2007
For personal use only Full Year Results 2007 21 August 2007 11