Nrw Holdings Limited · ASX:NWH

Nrw — UBS Conference: Mining Services and Contractors (April 2018)

14 slides from Nrw's conference presentation, Apr 10, 2018

  1. Slide 1: Presentation to UBS Conference: Mining Services and Contractors

    NRW HOLDINGS Presentation to UBS Conference: For personal use only Mining Services and Contractors Forrestfield-Airport Link, Perth WA ANDREW WALSH CHIEF FINANCIAL OFFICER 10th April 2018

  2. Slide 2: NRW Holdings Overview

    NRW HOLDINGS OVERVIEW For personal use only 1994 Founded NRW Civil & Mining Order Book Leader of diversified services to the 2007 Listed on the ASX $2.0 billion (1) resource and infrastructure sectors 2010 (1) Assumes Baralaba awarded at full contract value Established Action Drill & Blast Workforce

  3. Slide 3: Our Divisions

    OUR DIVISIONS For personal use only NRW Civil & Mining Golding Action Drill & Blast Leading provider of civil and Market leading Queensland- One of the largest drilling and mining services to the public based civil, mining and urban blasting teams in Australia, infrastructure and resource services c

  4. Slide 4: Results Overview

    RESULTS OVERVIEW For personal use only • Revenue of $345.3M (1) up 95% on the same period last year • Underlying EBITDA(2) of $40.3M up 38% on the prior comparative period • Net Profit after Tax before amortisation of $19.5M(3) (up 70%) on the prior comparative period • Golding acquisition completed

  5. Slide 5: Operational Summary

    OPERATIONAL SUMMARY • Golding For personal use only  Integration well advanced  The business is meeting or exceeding our expectations  Recent announcement of Baralaba • NRW Civil & Mining • Rio Tinto Yandicoogina Project completed followed by recent award of Marandoo ($37M) • Commenced works on C

  6. Slide 6: Forrestfield Airport Link (FAL)

    FORRESTFIELD AIRPORT LINK (FAL) Status (1) For personal use only • Tunnel Boring Machines (TBM’s) temporarily halted at request of the client currently in Perth Airport (PAPL) grounds • TBM 1 (Grace) encountered some minor ground disturbances when travelling through the Ascot formation • TBM 2 (Sand

  7. Slide 7: Summary Financials

    SUMMARY FINANCIALS First Half FY18 First Half FY17 For personal use only $M Revenue Earnings EBITDA Revenue Earnings EBITDA Civil 161.1 7.8 9.7 41.8 (1.5) (0.4) Mining 133.1 13.5 25.4 104.5 14.3 24.4 Drill & Blast 56.1 1.7 4.9 35.0 1.6 3.8 Eliminations/ other (5.0) (4.7) Corporate (2.3) (1.6) (2.6)

  8. Slide 8: Balance Sheet & Liquidity

    BALANCE SHEET & LIQUIDITY For personal use only Balance Sheet • Net assets increased to $244.6M • Goodwill relates to Golding transaction of which circa $18M will be amortised in FY18 and FY19 • Gearing at 20.4% - already significantly down on the 33% post acquisition pro forma gearing • Strong supp

  9. Slide 9: Civil

    CIVIL • Revenue increase due to Golding Civil and Urban, new work in WA For personal use only and increasing activity on FAL • EBITDA improvement reflects revenue increases (FY17 loss due to low volumes and bidding costs) • Margin (EBITDA) at 6.0% Current projects include • Woolgoolga to Ballina (RM

  10. Slide 10: Mining

    MINING For personal use only • Revenue increase due to Golding partly offset by completion of Nammuldi Incremental Tonnes in Q3 FY17 • EBITDA improvement reflects revenue increases • EBITDA margins at 19.1% slightly down on FY17 mostly mix related and some weather impact. FH17 result also positively

  11. Slide 11: Drill & Blast

    DRILL & BLAST For personal use only • Revenue increase due to Hughes acquisition • EBITDA increased to $4.9M but margin impacted by mix of sales and weather delays particularly on East Coast coal projects and lower than expected drill utilisation Current projects • Active on 18 projects – including:

  12. Slide 12: Tender Pipeline & Outlook

    TENDER PIPELINE & OUTLOOK For personal use only • Order book $1.6B increasing to circa $2.0B with recent announcements (1) • Secured revenue for second half is $360.0M Pipeline • Pipeline circa $6.0B, with $1.5B in active tenders Outlook • Golding delivers expansion and diversification of NRW’s busi

  13. Slide 13: Disclaimer & Important Notice

    DISCLAIMER & IMPORTANT NOTICE For personal use only Information, including forecast financial information in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities of other instruments in NRW Holdings Limited or any other compa

  14. Slide 14: For personal use only

    For personal use only NRW.COM.AU

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