Macmahon Holdings Limited · ASX:MAH
Macmahon — Shareholder Meeting (October 2021)
30 slides from Macmahon's shareholder meeting presentation, Oct 22, 2021
Slide 1: FY21 Annual General Meeting
FY21 Annual General Meeting 22 October 2021 1
Slide 2: Board of Directors
Board of Directors EVA SKIRA MICHAEL FINNEGAN BRUCE MUNRO ALEX RAMLIE Independent Non-Executive Chair Managing Director Independent, Non-Executive Director Non-Independent, Non-Executive Director and Chief Executive Officer Retired 20 October 2021 ARIEF SIDARTO HAMISH TYRWHITT DENISE McCOMISH VYRIL
Slide 3: Online Attendees – Text Question Process
Online Attendees – Text Question Process When the question function is 123-456-789 available, the messaging tab will appear at the top of the screen To submit a question, type your question in the “Ask a question” box and press the send arrow Your question will be sent immediately for review Receive
Slide 4: Online Attendees – Audio Question Process
Online Attendees – Audio Question Process When the audio questions line is available, 123-456-789 a link will appear on the home tab titled Asking Audio Questions If you would like to ask an audio question, pause the meeting broadcast and click on the link You will be prompted to enter your name and
Slide 5: Online Attendees – Voting
Online Attendees – Voting When open, the vote will be 123-456-789 accessible by selecting the voting tab at the top of the screen To vote simply select the direction in which you would like to cast your vote. The selected option will change colour For Against Abstain There is no submit or send butto
Slide 6: Format of Meeting
Format of Meeting 1. Chair’s Address 2. CEO & Managing Director’s Address 3. Formal Business • Financial Statements and Reports Discussion/Questions • Discussion of Resolutions and Voting • Questions 4. Closing 6 FY21 Annual General Meeting
Slide 7: Chair Address – Eva Skira
CHAIR ADDRESS Eva Skira MACMAHON – FY21 Annual General Meeting
Slide 8: Overview: A highly successful year
Overview A highly successful year Revenue ($m) • Delivered record financial results 1,400 1,380 1,351 1,200 1,103 • Achieved earnings guidance 1,000 for 4th consecutive year 710 800 • Strong financial position 600 360 400 • Secured $2 bn of new work 200 Social distancing, Tropicana • 5 new projects
Slide 9: Sustainability
Sustainability Standalone New Sustainability Sustainability Report Policy First-year maintenance apprentices Strong Minds, Strong Mines Solar panels and electric vehicle charging Batu Hijau, Indonesia (PT AMNT) station Head Office – Perth Office, WA 9 FY21 Annual General Meeting
Slide 10: Board of Directors
Board of Directors EVA SKIRA MICHAEL FINNEGAN BRUCE MUNRO ALEX RAMLIE Independent Non-Executive Chair Managing Director Independent, Non-Executive Director Non-Independent, Non-Executive Director and Chief Executive Officer Retired 20 October 2021 ARIEF SIDARTO HAMISH TYRWHITT DENISE McCOMISH VYRIL
Slide 11: Capital Allocation Policy and FY21 Dividend
Capital Allocation Policy and FY21 Dividend Policy to balance growth and cash returns to shareholders Objectives 1. Maintain financial strength 2. Invest in growth 3. Return cash to shareholders Priorities ✓ Maintain strong balance sheet ✓ Ensure appropriate liquidity and gearing with regard to reve
Slide 12: Closing Remarks
Closing Remarks Batu Hijau, Indonesia (PT AMNT) Warrawoona, WA (Calidus Resources) Tropicana, WA (AGA / Regis Resources) Peak Downs, QLD (BHP) Dawson, QLD (Anglo American) Boston Shaker, WA (AGA / Regis Resources) Mt Morgans, WA (Dacian Gold) 12 FY21 Annual General Meeting
Slide 13: CEO & Managing Director Address – Mick Finnegan
CEO & MANAGING DIRECTOR ADDRESS Mick Finnegan MACMAHON – FY21 Annual General Meeting
Slide 14: FY21 Financial Highlights and FY22 Guidance
FY21 Financial Highlights and FY22 Guidance Revenue Underlying EBITDA1 Underlying EBIT(A)1 FY22 Secured Revenue5 $1.35bn q 2% $249.9m p 5% $95.2m p 4% $1.3bn 18.5% margin 7.0% margin Statutory NPAT Underlying operating cash flow2 Total Dividend FY22 Revenue Guidance6 $77.2m p 19% $269.0m p 23% 0.65c
Slide 15: People and Safety
People and Safety Injury Frequency Rates and Workforce 7,040 7,059 7,069 6,284 5,572 6.39 0.14 FY19 1H20 FY20 1H21 FY21 TRIFR (Total Recordable Injury Frequency Rate) Team Macmahon – MACA Cancer 200: 2020 Challenge Contractors Employees LTIFR (Lost Time Injury Frequency Rate) Mt Morgans Gold Mine, W
Slide 16: FY21 Operational Highlights
FY21 Operational Highlights Secured $2bn of work and commenced 5 new projects PROJECT PROJECT PROJECT Today Foxleigh, WA Strandline, WA Warrawoona, WA 5 years $250m <1 year $24m 4.5 years $220m PEOPLE IN PLACE PEOPLE IN PLACE PEOPLE REQUIRED 80 65 120 START DATE START DATE START DATE Mar 2021 May 20
Slide 17: Key Strategic Priorities
Key Strategic Priorities Improve Diversify Margins and execution Build scalability EBITDA Margin p 20% • Systems and processes • Mining Support Services • Contract management • Underground Target EBIT(A) Margin p 8% • Operational excellence ROACE p 15% Invest Expand Relevance and competitive advanta
Slide 18: Positive Outlook
Positive Outlook FY22 PRIORITIES POSITIVE OUTLOOK • Improve safety performance $1.3bn of FY22 revenue secured • Effectively manage COVID-19 • Finalise Batu Hijau Phase 8 extension Order book of $5bn • Improve scalability through diversifying earnings in underground and other mining support services
Slide 19: Closing
Closing 19 FY21 Annual General Meeting
Slide 20: Meeting Resolutions
Meeting Resolutions MACMAHON – FY21 Annual General Meeting
Slide 21: Voting Results
Voting Results Agenda item For Against Abstain Open Resolution 1 – 719,749,087 2,903,166 2,619,773 1,816,166 Adoption of Remuneration Report Resolution 2 – Election of Ms Denise McComish 643,886,168 78,966,074 2,419,784 1,816,166 as a Director Resolution 3 – Increase in the maximum aggregate annual
Slide 22: Financial statements and reports discussion
Financial statements and reports discussion 22 FY21 Annual General Meeting
Slide 23: Resolution 1: Adoption of Remuneration Report
Resolution 1 ADOPTION OF REMUNERATION REPORT “That for the purposes of section 250R(2) of the Corporations Act, the Remuneration Report (which forms part of the Directors' report for the year ended 30 June 2021) be adopted.” Note: The vote on this Resolution is advisory only and does not bind the Di
Slide 24: Resolution 1 – Proxy Results
Resolution 1 – Proxy Results ADOPTION OF REMUNERATION REPORT For 719,474,087 Against 2,903,166 Abstain 2,619,773 At the Proxies Discretion 1,816,166 Total Proxy Votes 726,813,192 24 FY21 Annual General Meeting
Slide 25: Resolution 2: Election of Ms Denise McComish
Resolution 2 ELECTION OF MS DENISE MCCOMISH AS A DIRECTOR “That Ms Denise McComish, who was appointed to the Board on 1 March 2021 and automatically retires from the office of Director in accordance with rule 3.6(a) of the Company’s Constitution and, being eligible, offers herself for election, be e
Slide 26: Resolution 2 – Proxy Results
Resolution 2 – Proxy Results ELECTION OF MS DENISE MCCOMISH AS A DIRECTOR For 643,886,168 Against 78,966,074 Abstain 2,419,784 At the Proxies Discretion 1,816,166 Total Proxy Votes 727,088,192 26 FY21 Annual General Meeting
Slide 27: Resolution 3: Increase in Non-Executive Director Remuneration
Resolution 3 INCREASE IN THE MAXIMUM AGGREGATE ANNUAL REMUNERATION OF NON-EXECUTIVE DIRECTORS “That, for the purpose of ASX Listing Rule 10.17, rule 10.2 of the Company’s Constitution and for all other purposes, the maximum aggregate amount of remuneration that may be paid to Non-Executive Directors
Slide 28: Resolution 3 – Proxy Results
Resolution 3 – Proxy Results INCREASE IN THE MAXIMUM AGGREGATE ANNUAL REMUNERATION OF NON-EXECUTIVE DIRECTORS For 710,371,174 Against 12,276,293 Abstain 2,349,559 At the Proxies Discretion 1,816,166 Total Proxy Votes 726,813,192 28 FY21 Annual General Meeting
Slide 29: Closing: Questions and Answers
CLOSING Questions and Answers Annual General Meeting 22 October 2021 www.macmahon.com.au 29 FY21 Annual General Meeting
Slide 30: Meeting Closed
MEETING CLOSED Annual General Meeting 22 October 2021 www.macmahon.com.au 30 FY21 Annual General Meeting
Macmahon Holdings — Shareholder Meeting (October 2021) on 6ix