Macmahon Holdings Limited · ASX:MAH
Macmahon — H1 FY2009 Earnings Presentation
13 slides from Macmahon's earnings presentation, Feb 18, 2009
Slide 1: Half Year Results December 2008
For personal use only Half Year Results December 2008 Nick Bowen – Chief Executive Officer 1 Ross Carroll – Chief Financial Officer 18 February 2009 1 Disclaimer and important notice This presentation contains forward looking statements that are subject to risk factors associated with the mining and
Slide 2: 2009 half year results and order book
2009 half year results For personal use only $ millions $ millions HY08 Dec 08 Change Dec 07 Change % Revenue 734.8 610.4 20% Profit 14.1 23.7 (41%) EPS (cents per share) 2.6 4.5 (42%) Dividends (cents per share) 1.5 2.0 (25%) Order Book 1,941 2,012 (4%) 3 Order book Order book ($ million) 2,500 Ord
Slide 3: Contract awards and order book diversity
Contract awards For personal use only Key contract wins Rail Glenfield Transport Alliance, TIDC, New South Wales Quakers Hill to Schofields rail project, TIDC, New South Wales Road Tiger Brennan Drive Extension, NT Government, Northern Territory Reid Highway, Main Roads WA, Western Australia
Slide 4: People and safety
People and safety For personal use only Group employee numbers Group safety performance 4,000 16 14 3,500 12 10 3,000 8 2,500 6 4 2,000 2 1,500 0 June 2006 June 2007 June 2008 December 2008 June 2006 June 2007 June 2008 December 2008 LTIFR TRIFR 7 Financials 8
Slide 5: Income statement and profit waterfall
Income statement For personal use only Income Statement $ millions Dec 08 Dec 07 Change % Revenue 734.8 610.4 20% $ millions HY08 HY07 EBIT 23.3 37.1 (37%) Interest (4.3) (3.9) (10%) Profit before tax 19.0 33.2 (43%) Tax (4.7) (9.5) 51% Net profit after tax & minorities 14.1 23.7 (41%) PBT margin %
Slide 6: NPAT and NPAT margin; Cash flows
NPAT and NPAT margin For personal use only NPAT ($m) and NPAT margin (%) 25 5.0% 4.5% 3.9% 20 4.0% 3.5% 3.1% 2.9% 15 3.0% 2.5% 23.7 1.9% 10 2.0% 14.9 1.5% 11.7 14.1 5 1.0% 0.5% - 0.0% December 2005 December 2006 December 2007 December 2008 11 Cash flows Cash Flow $ millions Dec 08 Dec 07 Change % Op
Slide 7: Balance sheet strength and dividend
Balance sheet strength For personal use only Gearing % Term debt 60.0% $150 million debt facility is in place until October 2010 50.0% 40.0% 30.0% 20.0% Operating lease facility 10.0% $230 million domestic and 0.0% US$50 million overseas June 2005 June 2006 June 2007 June 2008 December 2008 faci
Slide 8: Construction and Mining financial performance
Construction – financial performance For personal use only $ millions Dec 08 Dec 07 Change % Revenue 376.9 322.9 17% EBIT 6.6 22.3 (70%) PBT 6.4 22.3 (71%) PBT margin % 1.7% 6.9% Capex 3.1 1.3 139% Order Book 1,077 850 27% Employees 1,110 908 22% Revenue growth due to east coast expansion Earnin
Slide 9: Construction sector review
For personal use only Sector review 17 Construction sector review Construction Solid pipeline of infrastructure work available, boosted by increased government spend on civil work Emerging opportunities in the LNG sector, as well as water and rail projects Opportunities created by resource pro
Slide 10: Construction projects and mining sector review
Construction projects For personal use only Finucane Island, BHP Billiton, Western Australia Reid Highway, Main Roads WA, Western Australia 19 Mining sector review Mining The short-term outlook remains uncertain, price negotiations will be critical Despite this, volumes are not expected to be si
Slide 11: Mining projects
Mining projects For personal use only Saraji coal mine, BHP Billiton Mitsubishi Alliance, Queensland Orebody 18, BHP Billiton, Western Australia Australian Raise Drilling (ARD) and Combined Resource Engineering (CRE) 21 Business strategy 22
Slide 12: Business strategy and FY09 outlook
Business strategy For personal use only Strategy focused on maintaining a low cost profitable business with a strong balance sheet. Grow Construction, targeting government infrastructure work Extend existing mining contracts Pursue new mining opportunities in iron ore and coal Pursue selecte
Slide 13: Half Year Results December 2008
For personal use only Half Year Results December 2008 Nick Bowen – Chief Executive Officer 25 Ross Carroll – Chief Financial Officer 18 February 2009 25