NRW Holdings Limited · ASX:NWH
NRW — Macquarie Conference – Western Australia Forum 2017
15 slides from NRW's conference presentation, Oct 10, 2017
Slide 1: NRW Holdings Limited – Macquarie Conference Western Australia Forum
NRW Holdings Limited Macquarie Conference – Western Australia Forum For personal use only October 2017
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer Summary information For personal use only This Presentation contains summary information about NRW and its associated entities and their activities current only at the date of this Presentation. This Presentation is for information purposes only. The information in t
Slide 3: NRW FY17 Performance
NRW FY17 Performance NRW FY17 Results For personal use only • Revenue: $370.3M (up 30%) $M NRW Revenue 400 +30% $370M • EBITDA : $58.8M (up 24%) 350 $288M • Net profit after tax: $28.5M (up 33%) 300 • Earnings per share: 9.1 cents 250 200 150 • Balance sheet restructured 100 – Significant reduction
Slide 4: Golding acquisition
Golding acquisition For personal use only • Golding Achieved FY17 revenue of $369M and EBITDA of $53M • Acquisition price - Enterprise value of $85M, Economic effective date of 1st July 2017 • The transaction was concluded on the 1st September 2017 – Sales and Earnings from this date will be consoli
Slide 5: Golding is Transformational for NRW
Golding is Transformational for NRW For personal use only • Golding is a market leading, highly reputable Queensland based civil infrastructure, urban and mining services contractor operating across three core divisions: Civil, Mining, Urban. • Established in 1942, Golding employs approximately 700
Slide 6: Golding Overview
Golding Overview Founded in 1942, Golding is a market leading, highly reputable Queensland-based Civil, Mining and Urban services For personal use only contractor with an excellent safety record and a long-term “Tier 1” client base. • Golding has its origins in Gladstone and the Bowen Basin and focu
Slide 7: Diversity of Earnings through Industry Cycles
Diversity of Earnings through Industry Cycles For personal use only $M Golding Revenue 400 $369M • Golding has a history of achieving +27% $290M consistently profitable revenue through-the- 300 cycle. 200 • FY17: 100 – Revenue of $369M. – EBITDA of $53M. 0 FY16 FY17 • Golding order book of $0.5B. Ci
Slide 8: Civil – Diverse Capabilities with Tier Clients
Civil – Diverse Capabilities with Tier 1 Clients Golding has a long history of operations in the civil sector, with an exceptional technical capability and For personal use only a proven history of successfully delivering large and complex civil projects Public Resources Oil & Gas Infrastructure • B
Slide 9: Mining – Open-cut Capabilities
Mining – Open-cut Capabilities Golding’s focus on improving productivity in mining and pursuing selective growth opportunities has delivered For personal use only high margins and return on capital employed, new contract awards and extended tenure on existing contracts. Total Mine Dragline Load & Ha
Slide 10: Urban – Proven Operator & Delivery Platform
Urban – Proven Operator & Delivery Platform For personal use only Primary market Sime Sunland Stockland Mirvac Darby Group Lendlease • Residential and industrial sub-divisions. Turnkey solutions incorporating: • Earthworks, clearing, underground services, access roads, structures, minor marine works
Slide 11: Experienced Leadership Team
Experienced Leadership Team For personal use only Experienced management team to continue its focus on delivering profitable growth under NRW ownership Geoff Caton Dylan Pieters Alan Simms Dan Draper Brenton Akehurst Golding CEO GM – Mining GM – Mining GM – Urban GM – Civil Australia 11 yrs @ Goldin
Slide 12: Combined Revenue & Earnings Diversification
Combined Revenue & Earnings Diversification Financial – Pro Forma FY171 For personal use only • Pro forma FY17 revenues of $739M and EBITDA of $112M. FY17 Pro Forma Revenue1 FY17 Pro Forma EBITDA1 – Revenue and earnings diversification with balanced exposure to Civil, Mining, Urban and Drill & Blast
Slide 13: Strong Cashflow Conversion
Strong Cashflow Conversion For personal use only • Acquisition debt facility: $M – $48M 120 – 3 year term • NRW committed to retaining a prudent 100 balance sheet: – Annualised debt repayment (including $48M interest) to NRW noteholders ($20M) 80 and to Acquisition debt facility ($18M). • High cashf
Slide 14: Sector Diversification
Sector Diversification For personal use only NRW FY17 Revenue Analysis1 Pipeline Combined2 13% Civil Resources 24% 21% 31% Infrastructure & Urban 7% 26% Mining 48% Action Drill & Blast 30% • Golding delivers expansion and diversification of NRW’s business profile and geographic exposure. • Significa
Slide 15: Summary
Summary • Acquisition of Golding represents a transformational milestone and delivers a step change in scale For personal use only for NRW’s business in Australia. • Delivers an established platform and geographic diversification across sectors, enhancing exposure and unlocking opportunities to grow
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