Slide 1: Australia's leading provider of engineering services for essential infrastructure
Australia’s leading provider of engineering services for essential infrastructure
Slide 2: Underlying Earnings up 33%
i —— a 4.656 Underlying Earnings up 33% se 4,754 24.2% =biT* 230 189 24.8% interest & Taxation (92) (84) 43.8% Net Profit After Tax pre adjustment 138 104 22.7% Non-recurting Items. (183) Net Profit(Loss) A‘ter Tax (25) 404 OPS . 29.9 186 * Reported operating revense, fe exctuaing vv sates and shave
Slide 3: Divisional EBIT Performance
Divisional EBIT Performance i teale ie Mining & Resources B58 72.3 18.6 Engineering 63.1 68.4. 18: : infrastructure B16 48.7 239 Rail $2.4 23.3 35.4 Total Divisional EBIT 246.7 293.7 att Corporate / Linal (46.8) (15.4) (44.9) Total inderlying Group EBIT 223.8 188.6 21.8 ulin Rontecurting Kemns Reven
Slide 4: Strong Divisional Performance
Strong Divisional Performance Revenue $b EBT $m Employee Numbers thousands 2002 2003 200% B0C5 ziKE 7002 2003 FOS 200 2006 Far {HB Sepnegting = ME vinrg KRecowces «OU invastucurs ER Roll OM i * Syoeiiig nar-racireing items zone 2005 | 2006 Recent Announcements Five year alliance style power contract
Slide 5: Structural Update
Structural Update The company continues to focus on building the level of servives skills in its business Engineering ~ sireariiined to focus on core capabilities * Teloo- one head across Australian and New Zealand operations + Energy — combine electrical and energy businesses Mining & Resources — m
Slide 6: Construction Breakdown
Construction Breakdown Mining accounts for 43% of construction revenues . « Mining construction contracts exist in the FYO7 Construction process engineering business - 16% of process engineering revenues are fixed price contracts « inthe future mineral processing contracts are unlikely to be dane on
Slide 7: Report Card
Report Card Excluding Non Recurring Items eee ea v vv vv
Slide 8: Performance
rformance Revenue * 4.856 3,787 244% epir 230 189 218% Profit Before Tax 183 2 3. _ Taxation (45) Ne! Profit Afier Tax pre adjustment 138 1n¢ B27 % Non-recurring items (463) Nez. Profit( Loss) After Tax (28) DPS (cents) 20.0
Slide 9: EBITDA to Cash Flow
EBITDA to Cash Flow EBITDA. 286.9 PPRE 148.3 197.3 39.2% Nei Arquisilions 719.2 76 693% Net fivestients: 19.2 46.3) {6D}. Capen sa7 128.6, 202% Tax Paid 247 37 (31.0% Surrawing Casts Net of uiterost Receivedt 4d 3g4 IRB Dividends Paid (vet of DRPS 36.8 20.8 76.3%. Change AWC (Funded 183.6 536 208% S
Slide 10: Returns on Equity and Funds Employed
Returns on Equity and Funds Employed ROE ROFE 46.7" 15.8 145° are) 132 42.7 14.9 15 10.3 : L | * Undertying basis Dividends Per Share — up 11% 247 20 1B 15.6 Vie 48 | 2002 2003 2004 LCR zoDB2oUs * Extiiate based of FYGT NPAT of $155m, shares 67 Issue of I49.2m and assumed payout ratic of GUY 10
Slide 11: Summary
‘pags 'OCtOF Summary RE AE Veet Fae al favslhe Weill Positioned for Growth in Core REC ee REG | Bale Coe ee Rache Mining Market feading position $t.4bn #1 of 2 pluyer in cach market * sitong geographical reach Warke Infrastrecture intellectyal Property Road and rait * design $1.cbn > software applic
Slide 12: Forecast Update for FY07
Forecast Update for FY07 « Revenue: $5.2bn Majority of FYQ7 forecast revenue secured » EBIT: $275m « NPAT: $155m * assumes higher interest rate forecast and lax rate of 30% * Cash flaw: at least in line with EBFT Substantial investment in PPE and Emoleum purchase will be a positive factor in achievi
Slide 13: Questions & Answers
Questions & Answers Additional Slide a EN 13
Slide 14: Risk Management - Control
Risk Management - Control Construction now less than 10% of groun revenues Management has evolved business to a services platform from a fegacy of construction but needs to realign exposure and management to the risks of one-off project delivery model * More reviews of contracis ~ less delegated aut
Slide 15: Mining & Resources and Engineering
Turnover 1,388 1,318 5.5% EBIT 83.6 72.3 18.6% Margin 6.0% 5.8% All projects with disputes finish by the and of FYO7 Division improved margins oviside of construction activities Engineering Lars eles aio SS Turnover 1,584 42. 25.0% ERIT 69.7 56.4 18.3% Margin Maiarily of projects with disputes finis
Slide 16: Infrastructure and Rail
Infrastructure ES es Saas Turnover 1.O7E a73 23.5% ESIT 615 49.7 23.9% Margin 57% 5.7%, No consiruoiion stye disputes in Works trilrastructure > Austrailia naw 42% of divisionat wwinover « Austrian margins ere improving ‘bul stil below margins in New Zealand ~ in second ha'f Auswatian margins were a
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