Macmahon Holdings Limited · ASX:MAH
Macmahon — Euroz Hartleys Rottnest Conference 2023
13 slides from Macmahon's conference presentation, March 2023
Slide 1: Euroz Hartleys Rottnest Conference March 2023
Euroz Hartleys Rottnest Conference March 2023
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer as to forward looking statements The forward looking statements in this presentation reflect views seeking independent legal, financial and taxation advice in relation to held only as at the date of this presentation. the contents of this presentation. This
Slide 3: Our Business – 60 Year Anniversary
Our Business – 60 Year Anniversary Revenue Underlying EBITDA1 ✓ Established 1963 FY23 Secured Revenue5 $987.2m p 21.9% $149.3m p 7.6% $1.8bn ✓ Comprehensive range of 15.1% margin integrated mining services in Australia and Southeast Asia Underlying EBIT(A)1 Underlying operating cash flow2 FY23 Reven
Slide 4: Delivering Growth
Delivering Growth Revenue ($m) Underlying EBIT(A) ($m) 1200 70 987 Reported 57.5 EBIT(A) 1000 60 55.2 excl. FX 888 Revenue incl. 810 BH Phase 71 47.3 48.5 50 43.4 46.1 800 694 698 43.6 687 653 40 600 30 400 20 Revenue 200 excl. BH 10 Reported 687 694 653 698 730 788 837 Phase 71 44.1 47.5 46.5 48.7
Slide 5: Clear Pathway to Target Margins
Clear Pathway to Target Margins >= Targeting greater than 8% EBIT(A) margins • Batu Hijau Phase 7 zero margin pass through costs removed on commencement of Phase 8 • Inflation to moderate allowing rise and fall Actual impact to Indicative EBIT(A) mechanisms to catch-up 1H23 Underlying margin expansi
Slide 6: Strategic Focus
Strategic Focus Building a sustainable diversified scalable business Improve Invest Expand Diversify Value Margins & execution Relevance & competitive advantage Growth in current markets Build scalability Grow shareholder value • Systems and processes • Advanced contractor • Additional services with
Slide 7: Diversify and Expand
Diversify and Expand Business has evolved and is progressing towards long term targets FY18 Revenue Mix 1H23 Revenue Mix 7% 3% TARGET 23% $710m $987m 9% 68% 90% Revenue Mix 1H23 Pipeline FY18 Pipeline 1% 14% 21% $5.4bn $10.0bn 56% EBIT(A) ROACE 30% Margin 78% p 8% p 15% Surface Underground Mining Su
Slide 8: Client & Commodity Diversification
Client & Commodity Diversification COST Client CLIENT PROJECT COMMODITY CURVE1 Anglogold Ashanti Calidus 8.8% 3.0% 7.9% Newcrest Gold Red 5 17.5% 6.2% Silver Lake 6.4% 1H23 St Barbara Revenue 9.3% Copper Greenbushes project PT AMNT Gold Greenbushes, WA Lithium 18.9% supplies 30% of the PT Agincourt
Slide 9: Batu Hijau Phase 8 Agreement
Batu Hijau Phase 8 Agreement Consolidates on strong relationship and capital management focus Phase 7 Completes FY23 • Batu Hijau Phase 7 commenced 2017 with US$145m capital deployed About AMNT • Risk mitigant – full repayment from AMNT of U$145M capital over a 60 month period. • Batu Hijau is owned
Slide 10: People & Safety
People & Safety Workforce growth, improved safety and continued investment in people SAFETY AND WELLBEING PEOPLE INJURY FREQUENCY RATES AND WORKFORCE 8,032 4,417 7,848 8,032 7 7,059 7,069 0.7 GROUP AUSTRALIA 3.99 6 5,572 6.39 0.6 Promoting growth from within including upskilling 0.23 5 0.5 3.98 4.8
Slide 11: Grow Our Own
People Resourcing Continued investment in our people TRAINING AND DEVELOPMENT 742 357 TRAINEE NEW TO INDUSTRY PARTICIPANTS COMMENCEMENTS 3.99 Grow Our Own – 219 new recruits and 138 external trained 0.23 Expanded Apprenticeship programs to provide opportunities for new to industry trade transfers an
Slide 12: Trusted. Diversified. Experienced.
Trusted. Diversified. Experienced. Invest in people Accelerate mine technology Diverse mining service provider Robust balance sheet Well-balanced client portfolio with Focus on disciplined capital future facing battery minerals management Committed to sustainability Demonstrated track record 12 Euro
Slide 13: Thank You
Thank You CONTACT Mick Finnegan CEO & MD mfinnegan@macmahon.com.au Ursula Lummis CFO ulummis@macmahon.com.au Donald James CCO djames1@macmahon.com.au www.macmahon.com.au 13 Euroz Hartleys Rottnest Conference
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