Investor Day 2012 - Ausenco
Investor Day 2012 - Ausenco
Investor Day 2012 - Ausenco
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<strong>Investor</strong> <strong>Day</strong> <strong>2012</strong><br />
Zimi Meka - Chief Executive Officer<br />
1 May <strong>2012</strong>
Safety moment<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 2
Strategy – delivering results<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 3
Our offering<br />
Minerals<br />
& Metals<br />
Process<br />
Infrastructure<br />
Environment<br />
& Sustainability<br />
Energy<br />
Program<br />
Management<br />
•Precious metals<br />
• Coal<br />
• Iron ore<br />
•Base metals<br />
• Industrial<br />
minerals<br />
• Mineral sands<br />
• Uranium<br />
• Phosphates<br />
• Fertilisers<br />
• Potash<br />
• Ports, marine<br />
• Civil & geotechnical<br />
and offshore<br />
engineering<br />
• Long Pre-feasibility, distance<br />
feasibility • Waste and treatment,<br />
conceptual design gas<br />
services<br />
• Conventional gas<br />
• Non-conventional<br />
slurry and liquid<br />
processing and • Gas conversion<br />
pipelines<br />
storage<br />
• Renewable energy<br />
• Paste and tailings • Mine waste<br />
• Bio fuels<br />
disposal systems management<br />
• Oil and gas<br />
• Materials handling • Environmental and pipelines<br />
•Rail<br />
Front end engineering sustainability<br />
and design service (FEED) • Power generation<br />
• Commercial and<br />
services<br />
and transmission<br />
industrial buildings • Permitting and • Coal gasification<br />
• Pulp and paper<br />
licensing<br />
• Off gas treatment<br />
• Supply chain<br />
• Water resource • Carbon storage<br />
simulations Engineering, and<br />
Procurement, management<br />
Construction Management • Oil sands<br />
(EPCM) and<br />
optimisation<br />
Engineering Procurement • Landfill Construction design and<br />
(EPC) • Oil contracts shale<br />
• Control systems<br />
gas recovery<br />
• Waste water<br />
• Laboratory & field<br />
treatment<br />
services<br />
• Infrastructure<br />
Onsite engineering and operations and maintenance support services<br />
• Program<br />
and project<br />
management<br />
• Procurement<br />
• Logistics<br />
• Construction<br />
management<br />
• Stakeholder<br />
relations<br />
management<br />
• Statutory approvals<br />
management<br />
Evaluate<br />
Innovate<br />
Create<br />
Optimise<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 4
Our management team<br />
Zimi Meka<br />
Chief Executive Officer<br />
Frank Mellish<br />
Chief Marketing Officer<br />
Neil Trembath<br />
Chief People &<br />
Sustainability Officer<br />
Paul Young<br />
Chief Information Officer<br />
Jean Kowalski<br />
Chief Commercial<br />
Officer<br />
Nick Bell<br />
Chief Operating Officer<br />
Craig Allen<br />
Chief Financial Officer<br />
Scott Elfen<br />
President<br />
<strong>Ausenco</strong> Vector<br />
Dwane Stone<br />
President<br />
Energy<br />
Ed Meka<br />
President<br />
Process Infrastructure<br />
Dave Lawson<br />
President<br />
Minerals & Metals<br />
Simon Cmrlec<br />
President<br />
Program Management<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 5
<strong>2012</strong> progress to date<br />
• We are a global engineering business with flexibility, experience and resilience to<br />
handle projects of all sizes<br />
• We are now over 3,180 people, up over 20%, from the same time last year to<br />
service our growing project list<br />
• We are the preferred provider on 6 major projects of over $1 billion installed<br />
capital value each, to deliver engineering or program management solutions<br />
• We are delivering Create phase EPCM solutions on $4.1 billion of work under<br />
management, improving our visibility of and outlook into <strong>2012</strong> and 2013<br />
• In <strong>2012</strong>, we have been awarded $130 million of new revenue across more than 50<br />
projects<br />
• Reaffirm guidance for <strong>2012</strong> of $40 million NPAT, half year earnings expected to<br />
be 50% of full year<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 6
<strong>Investor</strong> <strong>Day</strong> <strong>2012</strong><br />
Nick Bell - Chief Operational Officer<br />
1 May <strong>2012</strong>
Agenda<br />
• Our Business lines<br />
• Our phases and our growth<br />
• Our key differentiators<br />
• Risk Management<br />
• Global footprint<br />
• Market trends<br />
• Summary<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 8
Our Business lines<br />
All business lines are forecasting growth in <strong>2012</strong> and beyond<br />
Minerals<br />
and Metals<br />
56%<br />
Process<br />
Infrastructure<br />
28%<br />
Environment and<br />
Sustainability<br />
7%<br />
Program<br />
Management<br />
9%<br />
Energy<br />
Our Phases<br />
$m<br />
700<br />
Revenue by solutions phase<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
2007 2008 2009 2010 2011<br />
Evaluate Innovate Create Optimise<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 10
Our business in 2007<br />
Minerals<br />
Processing<br />
= 10 - 30% of<br />
total project<br />
ICV<br />
Minerals &<br />
Metals<br />
52 assignments in 2007<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 11
Our business in <strong>2012</strong><br />
Minerals<br />
Processing<br />
= 10 - 30% of<br />
total project<br />
ICV<br />
Energy<br />
Environment &<br />
Sustainability<br />
Minerals &<br />
Metals<br />
Process<br />
Infrastructure<br />
Program<br />
Management<br />
650 assignments in 2011<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 12
Revenue growth opportunity<br />
2011<br />
Larger<br />
projects<br />
Larger<br />
client base<br />
Larger client<br />
base<br />
Revenue growth<br />
opportunity<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
2007<br />
M&M Business<br />
2007<br />
(Process Plants:<br />
Africa, Australia,<br />
Asia)<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 13
Our key differentiators/competitive advantage<br />
• We offer smart, innovative solutions – we engage more engineers<br />
than any of our competitors<br />
• Reducing costs associated with the installed plant (capital and<br />
operating) is part of our culture<br />
• Our process plants always achieve the maximum throughput capacity<br />
eg PanAust – lowest unit cost, delivered in a rising market, on time<br />
and increase throughput.<br />
• Our solutions in process infrastructure (pipelines, ports, marine,<br />
materials handling) are best in class<br />
• We have a reputation for delivering on our promises – building strong<br />
relationships with clients<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 14
Project phases – extending the project lifecycle offering<br />
Capital Expenditure<br />
Detailed Engineering<br />
Project Management<br />
Construction Management<br />
FEED Engineering<br />
Exploration<br />
Feasibility<br />
Study<br />
Illustrative <strong>Ausenco</strong> revenue share<br />
of total project Installed Capital<br />
Value (ICV)<br />
Time<br />
0.5 to 1% 1 to 1.5% 1.5 to 3.5% 6.5 to 12.5% 2 to 4%<br />
Evaluate<br />
$153.2m<br />
Innovate<br />
$112.2m<br />
Create<br />
$244.2m<br />
Optimise<br />
$38.3m<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 15
Balanced, sustainable returns across<br />
the full project lifecycle<br />
Phase Evaluate Innovate Create Optimise<br />
Activities<br />
Pre-feasibility,<br />
feasibility and<br />
conceptual design<br />
services<br />
Front end<br />
engineering and<br />
design services<br />
(FEED)<br />
Engineering, Procurement,<br />
Construction Management<br />
(EPCM) and Engineering<br />
Procurement Construction<br />
(EPC) contracts<br />
Onsite engineering,<br />
operations<br />
and maintenance<br />
support services<br />
Typical contract<br />
duration<br />
3-12 mths 6-18 mths 2-4 years 4-5 years<br />
FY 2011<br />
Revenues $m<br />
153.2 112.2 244.2 38.3<br />
CAPEX $bn 18.2 2.0 4.1* -<br />
• Evaluate and Innovate - Over $265 million in baseline revenues from client pre construction phases<br />
• Create phase project delivery revenues provide medium term visibility and expected to grow as client capital<br />
commitments firm<br />
• Strategic focus on cross-selling and broadening service capacity and increasing Create phase EPCM / EPC revenues<br />
• Optimise revenue growing strongly and providing a stable recurring revenue stream<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 16
People<br />
Predictability of revenue<br />
Total installed cost ($’millions)<br />
Number of<br />
people deployed<br />
100 1000 Multi 1000<br />
High<br />
Optimise 100/annum >300/annum<br />
Create 30-50 250-750 1000+<br />
Time<br />
Innovate 20-40 50-100 200<br />
Low<br />
Evaluate 5-25 30-60 100<br />
Size of project<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 17
Risk management<br />
Business – Balanced Portfolio<br />
• Diversified portfolio is key to both balanced<br />
operations and financial risk management<br />
• Diversification across geographical footprint,<br />
commodities and services lines ensures<br />
balanced but sustainable growth<br />
• Our client base is exponentially larger than<br />
at any time in our history<br />
• Cross selling our services to expanded client<br />
base is much easier than selling services to<br />
a new client<br />
Commercial<br />
• Consulting and EPCM environment – risks<br />
largely limited to re-performance of services<br />
that are deemed defective<br />
• All our current revenue is services based<br />
• Where we do entertain lump sum EPC<br />
contracts our method of conversion on the<br />
back of initially completing FEED is proven<br />
as a means of mitigating risks of cost<br />
overruns for AAX and our clients<br />
• Robust Risk assessment through Active Risk<br />
Management software and rigorous<br />
evaluation<br />
• Clients typically listed with strong balance<br />
sheet<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 18
Build long-term inspiring client relationships<br />
• Diversity strategy has delivered broader and deeper globally<br />
diverse client base<br />
• Over 75% of revenue now received from globally diverse<br />
and major resource companies<br />
• Clients seeking full phase solution delivery provide repeat,<br />
ongoing project opportunities<br />
• Enhanced client understandings provides cross selling<br />
opportunities across our solution offerings<br />
• Our increased number of strategic alliance framework<br />
agreements providing greater alignment and visibility<br />
• Our full solution offering to clients from pre-development<br />
Evaluate phase, through Create phase development to<br />
include Optimise phase recurring revenues<br />
Service revenue by client type<br />
2011<br />
Globally<br />
diversified<br />
25%<br />
Major<br />
50%<br />
Emerging<br />
25%<br />
2006<br />
Emerging<br />
63%<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 19
Global footprint –<br />
29 offices across 19 countries<br />
8<br />
%<br />
Offices<br />
Brisbane<br />
Corporate Office<br />
Asia<br />
Bangkok, Thailand<br />
Beijing, China<br />
Jakarta, Indonesia<br />
Mumbai, India<br />
Australia/South Pacific<br />
Adelaide, Australia<br />
Apia, Samoa<br />
Brisbane, Australia<br />
Honiara, Solomon Islands<br />
Nuku’alofa, Tonga<br />
Perth, Australia<br />
Port Moresby, Papua New<br />
Guinea Port Vila, Vanuatu<br />
Suva, Fiji<br />
Middle East<br />
Jeddah, Saudi Arabia<br />
North America<br />
Burlington, Canada<br />
Calgary, Canada<br />
Concord, USA<br />
Denver, USA<br />
Houston, USA<br />
Montréal, Canada<br />
Reno, USA<br />
Toronto, Canada<br />
Vancouver, Canada<br />
South America<br />
Belo Horizonte, Brazil<br />
Bogotá, Colombia<br />
Lima, Peru<br />
Mendoza, Argentina<br />
Rio de Janeiro, Brazil<br />
Santiago, Chile<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 20
Record exploration spending - $16bn in 2011<br />
Office<br />
Russia<br />
4% 19%<br />
Canada<br />
China<br />
4%<br />
8%<br />
United<br />
States<br />
Africa<br />
13% 7%<br />
South East<br />
Asia/Pacific<br />
Mexico6%<br />
6%<br />
5%<br />
Other<br />
Latin America<br />
Australia<br />
12%<br />
Peru<br />
5%<br />
3%<br />
Brazil<br />
$bn<br />
25<br />
Global exploration expenditure<br />
Chile<br />
5%<br />
3%<br />
Argentina<br />
20<br />
15<br />
10<br />
5<br />
0<br />
2005 2006 2007 2008 2009 2010 2011 <strong>2012</strong>f 2013f<br />
Source: Metals Economics Group, McKinsey<br />
Other Countries: 6%<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 21
Mining capital expenditure forecast to increase<br />
Office<br />
Canada<br />
$137bn<br />
$10bn<br />
Mongolia<br />
$65bn<br />
Sub<br />
Saharan<br />
African<br />
West Africa<br />
$5bn<br />
Australia<br />
$90bn<br />
$18bn PNG<br />
8%<br />
Peru<br />
$56bn<br />
Colombia<br />
$22bn<br />
Brazil<br />
$43bn<br />
$bn<br />
160<br />
Global mining resources capex<br />
Chile<br />
$75bn<br />
$10bn<br />
Argentina<br />
120<br />
80<br />
40<br />
0<br />
2005 2006 2007 2008 2009 2010 2011 <strong>2012</strong>f 2013f<br />
Source: Citibank, ANZ Economic Research, Business News America,<br />
Mining Association of Canada, Company reports<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 22
Our acquisitions give us global capability<br />
with local knowledge.<br />
Santiago Lima Calgary Belo Horizonte Vancouver<br />
10 years<br />
356 Chileans<br />
20 years<br />
297 Peruvians<br />
20 years<br />
21 Canadians<br />
12 years<br />
275 Brazilians<br />
60 years<br />
546 Canadians<br />
• Strong client<br />
base – Anglo,<br />
BHP, Codelco<br />
• EPCM growth<br />
within M&M<br />
• Constancia to<br />
provide next<br />
wave of growth<br />
• New client<br />
base<br />
• Oil sands<br />
capability a<br />
new product<br />
line for the<br />
group<br />
• Strong client<br />
base and<br />
history with<br />
Pipeline and<br />
Port work<br />
• Established<br />
business<br />
• Growth in coal<br />
• Energy<br />
opportunities<br />
CSG and wind<br />
• Growth in<br />
Value Chain<br />
(Create)<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 23
Summary<br />
• Well positioned through entire project pipeline<br />
• Broader client base with regular repeat business<br />
• Unique ‘pit to port’ coverage in current markets<br />
• Strong market position in Canada and South America – fundamental to our strategy<br />
• Committed team in place at the right time, in the right places<br />
Work on hand<br />
Future Project Pipeline<br />
19 Countries, 29 Offices<br />
$450<br />
Million<br />
$20.2<br />
Billion<br />
3,180<br />
People<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 24
<strong>Investor</strong> <strong>Day</strong> <strong>2012</strong><br />
Simon Cmrlec – President, Program Management<br />
1 May <strong>2012</strong>
Agenda<br />
• What is Program Management?<br />
• Optimise phase – operations and maintenance services<br />
• New industry sector<br />
• Our Projects<br />
• Direction <strong>2012</strong><br />
• Summary<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 26
What is Program Management?<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 27
What is Program Management?<br />
Exploration &<br />
resource<br />
management<br />
Study<br />
management<br />
Permitting &<br />
approvals<br />
Industrial &<br />
community<br />
relations<br />
Financing<br />
support<br />
Engineering &<br />
procurement<br />
Construction<br />
management<br />
Start up &<br />
ramp up<br />
Continuous<br />
improvement<br />
Management Personnel, Process, Standards, Systems<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 28
Optimise phase – operations and<br />
maintenance services<br />
Production<br />
Operational Readiness<br />
Operations Support<br />
Continuous Improvement<br />
Steady state<br />
Start up &<br />
Ramp up<br />
Construction &<br />
Commissioning<br />
Timeframe<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 29
Diversification – Coal Seam Gas Water Treatment<br />
Market<br />
Huge – Treat 1 “sydharb” every 2 years<br />
Position<br />
Joint venture with world leading water treatment specialist<br />
Partner<br />
Proxa – 25 years proven track record<br />
Services<br />
Full lifecycle including O&M<br />
<strong>Ausenco</strong> Proxa – A complete service offering<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 30
Alpha Coal Project<br />
Client GVK / Hancock Coal Location Queensland, Australia Service Evaluate (PMC) in JV with Worley Parsons Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 31
As Suq & Ad Duwayhi Gold<br />
Projects<br />
Client Ma’aden Location Saudi Arabia Project Create (PMC) Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 32
Marampa Iron Ore Project<br />
Client London Mining Location Sierra Leone Project Optimise (Operations readiness) Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 33
Hidden Valley Gold Project<br />
Client Newcrest & Harmony Location Papua New Guinea Project Optimise (Continuous improvement) Timing 2010-2011<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 34
Isaac Plains Coal<br />
Handling & Preparation Plant<br />
An excellent safety record – over 2 years<br />
operated LTI free<br />
Client Isaac Plains Coal Management Ltd Location Queensland, Australia Project Optimise (Contract Operations) Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 35
Direction <strong>2012</strong><br />
Deliver<br />
Further growth<br />
Expand<br />
MENA & West Africa presence in gold and iron ore<br />
Grow<br />
Asset Management Services<br />
Diversify<br />
CSG Water treatment<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 36
Summary<br />
• Achieved strong growth in 2011<br />
• Moved into new geographies<br />
• Expanded Operations & Maintenance services<br />
• Grow current service offering + move into new sectors<br />
EBITDA Margin (2011)<br />
9.6%<br />
Revenue (2011)<br />
$48M<br />
Target complementary sectors<br />
Water, CSG<br />
& Power<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 37
Thank you<br />
Questions?<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 38
<strong>Investor</strong> <strong>Day</strong> <strong>2012</strong><br />
Dave Lawson – President, Minerals & Metals<br />
1 May <strong>2012</strong>
Agenda<br />
• What is Minerals & Metals?<br />
• What we do<br />
• Our people<br />
• Where do we do it<br />
• Project examples<br />
• Direction <strong>2012</strong><br />
• Summary<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 40
What is Minerals & Metals?<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 41
What is Minerals & Metals?<br />
Minerals<br />
processing plants<br />
Ingenious<br />
technical<br />
solutions<br />
Engineering and<br />
process<br />
Project<br />
management<br />
and delivery<br />
Construction<br />
Management<br />
Global<br />
procurement<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 42
What do we do?<br />
Copper<br />
Gold<br />
Concentrating<br />
•Crushing<br />
•Milling<br />
•Flotation<br />
•Filtration<br />
Silver<br />
Nickel<br />
Hydrometallurgy<br />
• Leaching and heap leaching<br />
• High pressure and acid leaching<br />
• Pressure oxidisation<br />
• Solvent extraction<br />
• Electro winning<br />
• Bio-oxidation<br />
• Cyanidation<br />
Zinc<br />
Uranium<br />
Smelting<br />
•Roasting<br />
•Electro-refining<br />
Potash<br />
Iron ore<br />
Coal<br />
Mineral<br />
sands<br />
Metals recovery<br />
Material handling<br />
•Gold/silver recovery<br />
•Ferrous and Non-ferrous metals<br />
•Cyanide recovery/destruction<br />
•Uranium recovery<br />
•Conveying<br />
•Stockpiling<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 43
Our people<br />
Workforce<br />
1300 people globally, 100% growth above 2010 numbers<br />
Specialists<br />
World class technical group, 100+ process engineers<br />
Ingenuity<br />
Recognised leader in cost effective plant design<br />
Local<br />
presence<br />
Local workforce utilising global expertise<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 44
Global footprint –<br />
29 offices across 19 countries<br />
8%<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 45
Constancia Copper<br />
Project, Peru<br />
High altitude<br />
Client Hudbay Minerals<br />
Location Peru Service Create (EPCM) Timing Current ICV US$920 million<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 46
Kestrel Coal Mine<br />
Expansion,<br />
Australia<br />
Underground and<br />
surface facilities<br />
Client Rio Tinto Location Queensland, Australia Service Create (PMC) Timing Current ICV AU$1.3 billion<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 47
Goldstrike Project, USA<br />
Innovative technology<br />
Client Barrick Location Nevada, USA Project Create (EPCM) Timing Current ICV US$250 million<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 48
Minas-Rio Iron Ore<br />
Project, Brazil<br />
Pit to port solution<br />
Client Anglo Ferrous Brazil Location Brazil Service Evaluate Timing Current ICV US multi billion<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 2 May <strong>2012</strong> | 49
Wafi-Golpu Copper/gold<br />
Project, PNG<br />
Client Newcrest/Harmony Location PNG Project Evaluate Timing Current ICV TBD<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 50
Gibraltar Copper Project,<br />
Canada<br />
Cold climate<br />
Molybdenum plant<br />
Client Tsaeko Location Canada Project Create (EPCM) Timing Current ICV CAD$225 million<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 51
Bozshakol Copper Project,<br />
Kazakhstan<br />
Cold climate<br />
Client Kazakhmys plc<br />
Service Create (EP) Timing Current ICV US$1.3 billion<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 2 May <strong>2012</strong> | 52
Kwale Mineral Sands Project,<br />
Kenya<br />
Industrial minerals<br />
Client Kwale<br />
Location Kenya Project Create (EPCM) Timing Current ICV US$200 million<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 53
Chatree Gold Project,<br />
Thailand<br />
Repeat business<br />
Client Kingsgate Location Thailand Project Create (EPCM) Timing Complete ICV AUS$100 million<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 54
Direction <strong>2012</strong><br />
Projects<br />
Execute current projects well<br />
Geography<br />
Broaden our global footprint, focus on the Americas.<br />
Commodity<br />
Expand our service offering, based on process expertise<br />
Clients<br />
Continue building long term inspiring relationships<br />
Revenue<br />
Expand our recurring revenue portfolio<br />
<strong>Investor</strong> <strong>Day</strong> - Program Management | 1 May <strong>2012</strong> | 55
Summary<br />
• Full service capability to deliver world class projects<br />
• Strong technical workforce<br />
• Strong EBITDA performance in 2011<br />
• Doubled headcount<br />
• Multiple large projects under management/execution<br />
• Strong pipeline of prospects (multi-billion dollar) for globally diversified clients (commodity diversified)<br />
• Balanced geographical and commodity portfolio of projects<br />
• Growth in longer term client relationships<br />
EBITDA<br />
16.2%<br />
2011<br />
Revenue<br />
$310m<br />
2011<br />
Increase<br />
Innovate and<br />
create phase<br />
projects<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 56
Thank you<br />
Questions?<br />
<strong>Investor</strong> <strong>Day</strong> - Minerals & Metals | 1 May <strong>2012</strong> | 57
<strong>Investor</strong> <strong>Day</strong> <strong>2012</strong><br />
Ed Meka – President, Process Infrastructure<br />
1 May <strong>2012</strong>
Agenda<br />
• What is Process Infrastructure?<br />
• Overview<br />
• Services Offering<br />
• Projects<br />
• Direction <strong>2012</strong><br />
• Questions<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 59
What is Process Infrastructure?<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 60
What is Process Infrastructure?<br />
Ports and<br />
Marine<br />
Costal<br />
engineering and<br />
dredging<br />
Arctic offshore<br />
structures<br />
Mining and<br />
bulk terminals<br />
Bulk materials<br />
handling<br />
Rail and<br />
transportation<br />
systems<br />
Simulation<br />
modelling<br />
Infrastructure<br />
Seismic<br />
Process<br />
Pipeline<br />
systems<br />
Control<br />
systems<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 61
Our Services<br />
• Ports & Marine<br />
– Bulk terminals, containers, oil, lng and lpg<br />
– Site selection<br />
– Pre-project planning – site investigations<br />
– Preliminary – detailed design<br />
– Container terminal operations<br />
– EPC and EPCM<br />
• Coastal Engineering and Dredging<br />
– Metocean conditions and ship motion analysis<br />
– Foreshore restoration and breakwaters<br />
– Numerical and physical modeling<br />
• Arctic and Offshore Structures<br />
– Offshore platforms and islands<br />
– Ice structures<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 62
Bulk Materials Handling Capabilities<br />
• Ship and barge loading / unloading<br />
• Conveyors, feeders, and transfer systems<br />
• Dynamic analysis of conveyors<br />
• Stockpile storage and reclaim<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 63
Bulk Materials Handling Capabilities<br />
• Rail car and truck loading / unloading<br />
• Overland conveyor systems<br />
• Environmental systems for noise, spillage, and dust<br />
• Equipment inspection and maintenance<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 64
Railway and Transportation Systems<br />
• Railway engineering design<br />
• Bridges and structures<br />
• Operations planning and analysis<br />
• Train control technology<br />
• Tariff setting - economic studies<br />
• Operations and Maintenance<br />
• Procurement and Construction Management<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 65
Simulation Modelling Capabilities<br />
• Mine to Port supply chain logistics<br />
• Port to Port supply chain logistics<br />
• Modeling of Port Terminals for bulk products<br />
• Modeling of pipelines for crude oil and refined products<br />
Gros Cacouna<br />
Import Terminal<br />
Ballasted<br />
LNG Carrier<br />
Loaded<br />
LNG Carrier<br />
Ust Luga<br />
Export Terminal<br />
Baltic<br />
Ice Edge<br />
• Modeling of slurry pipeline transportation<br />
• Modeling of heavy haul railways<br />
St. Lawrence<br />
Ice Edge<br />
• River barging supply chains<br />
• Arctic transportation for ice breaking ships<br />
• In pit mine haul transportation<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 66
Infrastructure<br />
• Municipal<br />
• Buildings<br />
• Bridges<br />
• Tunnels<br />
• Light Rail<br />
• Civil/Structural<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 67
Pipeline capabilities<br />
• Pipeline systems<br />
– Long-distance slurry<br />
– Oil, gas, & products<br />
– Ethanol & alternative fuels<br />
– Water delivery & reclaim<br />
– Tailings management<br />
• Control systems<br />
– Electrical engineering<br />
– I&C engineering<br />
– Industrial IT<br />
– Control panels<br />
– System integration<br />
– Data management & analysis<br />
– Testing & validation<br />
– Field services<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 68
Pipeline systems engineering<br />
Applying multi-level expertise and experience<br />
• Laboratory testing<br />
• Conceptual & feasibility studies<br />
• Basic & detailed engineering<br />
• Procurement<br />
• Construction QA/QC<br />
• Risk assessment<br />
• Commissioning & start-up<br />
• Operations & maintenance support<br />
• SCADA & telecommunications<br />
• Pipeline operating software solutions<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 69
Control systems design and integration<br />
Complete solutions from concept to delivery<br />
• Overall system configuration<br />
• Detailed control system engineering<br />
• PLC, DCS, HMI programming<br />
• SCADA & telecommunications design &<br />
implementation<br />
• Data management & analysis<br />
• Control panel design & fabrication<br />
• Commissioning & start-up services<br />
• Operator training & field support<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 70
Projects<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 71
Quintette<br />
Coal Project<br />
Client Teck Resources Limited Location Canada Service Create (EPCM) Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 72
Los Bronces<br />
Thickened Copper Ore Pipeline<br />
Client Anglo American Sur Location Chile Service Design, engineering and field engineering Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 73
Grande Côte Mineral<br />
Sands Project<br />
Client Mineral Deposits Location Senegal Project Create (EPCM) Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 74
Cytec<br />
Phosphine Plant Expansion<br />
Client Cytec Location Canada Project EPCM Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 75
Samarco<br />
Pipeline Expansion<br />
Client Samarco<br />
Location Brazil Project Engineering services Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 76
Quebrada Blanca<br />
Copper Project<br />
Client Teck<br />
Location Chile Project Engineering Services Timing Current<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 77
Direction <strong>2012</strong><br />
• Diversify pipelines capability<br />
• Capability – seawater<br />
• Deliver current Create projects<br />
• Quintette<br />
• Cytec<br />
• MDL<br />
• Rio Tinto Kitimat<br />
• Continue to build EPCM capability<br />
• Port and Terminal<br />
• Pipelines<br />
• Infrastructure<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 78
Direction <strong>2012</strong><br />
• Expand Global Presence<br />
• Australia – ports and slurry pipelines<br />
• South America – Chile, Colombia – ports and terminals<br />
• Broaden technical capability<br />
• Heavy haul rail<br />
• Simulation<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 79
Summary<br />
• Expect revenue and margin growth to continue:<br />
– Strong relationships with Tier 1 and 2 clients:<br />
• Rio Tinto, Teck, Anglo, Xstrata<br />
– Complimented by geographic diversification<br />
• Australia – ports & pipelines<br />
• Chile – ports<br />
• India – pipelines<br />
• West Africa – ports, rail infrastructure<br />
– Deliver EPCM Projects<br />
• Cytec, Rio Tinto, MDL, Cytec<br />
EBITDA<br />
11%<br />
2011<br />
Revenue<br />
$144.9m<br />
2011<br />
Future<br />
Realise<br />
Potential<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 80
Thank you<br />
Questions?<br />
<strong>Investor</strong> <strong>Day</strong> – Process Infrastructure | 1 May <strong>2012</strong> | 81
<strong>Investor</strong> <strong>Day</strong> <strong>2012</strong><br />
Nick Bell - Chief Operational Officer<br />
1 May <strong>2012</strong>
Revenue growth opportunity<br />
Larger<br />
projects<br />
Larger<br />
client base<br />
Larger client<br />
base<br />
Quintette<br />
Quebrada Blanca<br />
Goldstrike<br />
Constancia<br />
Gibraltar<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
2007<br />
M&M Business<br />
2007<br />
(Process Plants:<br />
Africa, Australia,<br />
Asia)<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 83
Revenue growth opportunity<br />
Larger<br />
projects<br />
Ports<br />
Pipelines<br />
Rail<br />
Water<br />
Operations etc<br />
Service sectors<br />
more<br />
Create work<br />
Larger<br />
client base<br />
Service sectors<br />
more<br />
Create work<br />
Larger client<br />
base<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
2007<br />
M&M Business<br />
2007<br />
(Process Plants:<br />
Africa, Australia,<br />
Asia)<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 84
Revenue growth opportunity<br />
Cytec<br />
MDL<br />
Quintette<br />
Kestrel<br />
Larger<br />
projects<br />
Larger<br />
client base<br />
Larger client<br />
base<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
2007<br />
M&M Business<br />
2007<br />
(Process Plants:<br />
Africa, Australia,<br />
Asia)<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 85
Revenue growth opportunity<br />
Vale<br />
Codelco<br />
Rio Tinto<br />
Ma´aden<br />
Anglo<br />
Teck<br />
Larger<br />
projects<br />
Larger<br />
client base<br />
Larger client<br />
base<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
2007<br />
M&M Business<br />
2007<br />
(Process Plants:<br />
Africa, Australia,<br />
Asia)<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 86
Revenue growth opportunity<br />
Alpha<br />
Constancia<br />
Minas Rio<br />
Wafi<br />
Kazakhmys<br />
Larger<br />
projects<br />
Larger<br />
client base<br />
Larger client<br />
base<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
Service sectors<br />
more<br />
Create work<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
New service<br />
sectors<br />
(E&S, Rail, Port,<br />
Pipelines)<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
North/South<br />
America New<br />
Geography<br />
2007<br />
M&M Business<br />
2007<br />
(Process Plants:<br />
Africa, Australia,<br />
Asia)<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
M&M Business<br />
2007<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 87
Summary<br />
• Well positioned through entire project pipeline<br />
• Broader client base with regular repeat business<br />
• Unique ‘pit to port’ coverage in current markets<br />
• Strong market position in Canada and South America – fundamental to our strategy<br />
• Committed team in place at the right time, in the right places<br />
Work on hand<br />
Future Project Pipeline<br />
19 Countries, 29 Offices<br />
$450<br />
Million<br />
$20.2<br />
Billion<br />
3,180<br />
People<br />
<strong>Investor</strong> <strong>Day</strong> | 1 May <strong>2012</strong> | 88
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