ABN AMRO Morgans Aust Eng Construction Conference - Ausenco

ABN AMRO
Australian Engineering and Construction
Conference
September 2006
Zimi Meka, Managing Director

Important Information
Purpose of this document
This is a private and confidential document which has been prepared by Ausenco Limited (Company) to provide the recipient (Recipient) with information and a preliminary understanding of the company
and its business. It is part of, is incomplete without and to be read in conjunction with an oral briefing to be given by the Company. This document is provided to the Recipient on the conditions set out
below.
This document is provided to Recipients on the basis that they are a sophisticated investor or professional investor (within the meaning of section 708(8) or (11) of the Corporations Act 2001, respectively).
By accepting this document and not returning it, the Recipient confirms that it is such a person. If the Recipient is not such an investor, please do not consider the contents of this document and return it.
This document is not a recommendation, offer or invitation
This document is not a recommendation, offer or invitation by any person to any person to sell or apply for securities in the company.
This document is not a prospectus
The document is not a prospectus under Australian law or under any other law. It is for information purposes only. Accordingly, this document neither purports to be exhaustive nor contain all of the
information which a prospective investor or the Recipient may require to make an investment decision and it does not contain all of the information which would otherwise be required by Australian law or
any other law to be disclosed in a prospectus.
Exclusion of representations or warranties
The only representations or warranties in relation to the preparation of this document and the information in it (such as its accuracy, reliability, completeness or reasonableness of any assumptions) are
those which are implied by law and which cannot be excluded by law. Otherwise, all such representations or warranties are excluded and the Recipient releases the Company, Ausenco Limited, their
advisors and the officers of each of the aforementioned persons from any liability or responsibility for this document (including without limitation, loss or damage arising by negligence).
This document is confidential
This information contained in this document is confidential and is given only to provide information about the company to the Recipient and its advisors and for no other purpose. It must not be copied or
distributed and the Recipient must keep confidential all matters contained in it. On request, the Recipient must promptly return all material received about the Company or any of its affairs, including this
document, without retaining copies.
Events after date of this document
The company and its officers have no responsibility or obligation to inform Recipients of any matter arising or coming to their notice, after the date of this document, which may affect any matter referred to
in this document.
No reliance
The document is provided to the Recipient on the basis that the Recipient must rely on their own inquires and seek appropriate professional advice in relation to the information and statements in relation to
the proposed prospects, business and operations of the Company.
The forward looking statements included in this presentation involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the
control of, and are unknown to, the Company. In particular, they speak only as of the date of these materials, they assume the success of the Company’s business strategies, and they are subject to
significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which those
statements are based. Given these uncertainties, the Recipient is cautioned to not place undue reliance on such forward looking statements.
Jurisdiction
The distribution of the document in jurisdictions outside Australia may be restricted by law. Any Recipient who receives this document outside Australia must seek advice on
and observe any such restrictions.

Ausenco Limited
An award winning provider of innovative and high quality
engineering and project management services to the global mining
and minerals processing industry
Specialising in the engineering, procurement, construction
management, project management, commissioning and operation
of mineral processing plants

The Ausenco Story
• Established in 1991 – 15 year history
• Offices in 4 countries worldwide, 685 personnel
• Projects completed cover processing of minerals to product gold, copper,
nickel, cobalt, silver, lead, zinc, uranium, mineral sands and industrial
minerals
• Current Order Book = Installed Capital Value $1.8bn
• Ausenco listed on the ASX on 15 June 2006 after its successful $25.9
million initial public offer was significantly oversubscribed

The Ausenco Solution
An established global reputation for the delivery of innovative solutions across
the project lifecycle … the Ausenco Solution
Front End Solutions
Design and supervision
of metallurgical test
work programs
Feasibility study
preparation
Process engineering
Engineering design
Capital & operating cost
estimates
Engineering & Process
Innovative design
Efficient plant
performance
Process, mechanical,
civil / structural,
electrical &
instrumentation
engineering
Multi-discipline
Project & Construction
Management
Project management
Cost control
Scheduling
Procurement
Construction
management
Commissioning
Operations & Management
Plant ramp-up
Operations management
Maintenance management
Mining, resource, water &
infrastructure industries
Decommissioning
Rehabilitation
Wholly owned subsidiary
Project financial models
PRE-FEASIBILITY
STUDY
FEASIBILITY
STUDY
ENGINEERING,
PROJECT AND
CONSTRUCTION
MANAGEMENT
OPERATING AND
MAINTENANCE
DECOMMISSIONING

Ausenco Clients
Client
BHP Billiton
Rio Tinto
Anglo American Plc
Xstrata Plc
Oxiana Limited
Placer Dome Inc
Barrick Gold Corporation
Newmont Mining Corporation
Bemax Resources NL
Sino Gold Limited
Kingsgate Consolidated Limited
Mineral Deposits Limited
Commodities Focus
Diversified
Diversified
Diversified
Diversified
Gold, copper, lead,
zinc
Gold and copper
Gold
Gold and copper
Mineral Sands
Gold
Gold
Mineral sands and
gold
Repeat Client
First project
First project

Global experience
Specialist delivery knowledge

Current Projects
Ausenco is currently working on projects with Installed Capital
Value of $1.8 billion
Project Name
Client
Location
Project Value
Expected
Completion
Nui Phao Tungsten Project
Tiberon Minerals
Vietnam
US$302M
2008
Jinfeng Gold Project
Sinogold
China
US$85M
2006
Kwale Mineral Sands Project
Tiomin Resources
Kenya
US$187M
2008
Hidden Valley Gold Project
Harmony Gold
PNG
US$250M
2008
Lumwana Copper Project
Equinox Minerals
Zambia
US$500M
2007/8
Delores Silver Project
Minefinders
Mexico
US$100M
2007

Sepon Copper/Gold Projects

Bemax Mineral Sands Project

Kainantu Gold Project

Jinfeng Gold Project

2006 Financial Highlights
Six months to 30 June
HY 2006
HY 2005
Operating revenue
$59.7 million
$32.3 million
85%
Net profit before tax
$5.9 million
$2.8 million
108%
Attributable profit after tax
$4.4 million
$2.1 million
107%
Earnings per share
6.1 cps
3.0 cps
103%
Dividend per share
2.5 cps
-
• Record results for revenue, profit, earnings per share, and order book
• Stronger growth leading to revised FY 2006 revenue and earnings guidance
2006 FY attributable net profit after tax increased to between $10 million to $11 million
2006 FY operating revenue increased to between $127 million to $137 million
• Fully franked interim dividend 2.5 cents per share - payable 25 October 2006

Shareholder Structure
Shareholder
Institutional Shareholders
Australia
Non-Australian
Shares
‘000
16,641
6,228
%
20.3%
7.6%
Director Shareholders
34,187
41.7%
Other Shareholders
Australia
Non-Australian
24,415
479
29.8%
0.6%
TOTAL
81,950
100.0%
* As at 31 August 2006
‣ 2,075,000 options have been issued under the company’s Employee Option Plan, each with an exercise price of $1.00 and vesting in equal
tranches over three years from the date of grant (27 April 2006).
‣ Director and Institutional Shareholders entered into Voluntary Escrow over 47,033,592 shares until the release of Ausenco’s Annual Report for
the December 2006 financial year

Global regional and
commodity diversity
EPCM revenue contribution - by region
Commodity and regional diversity:
Europe
4%
Australia
19%
• Asian presence solidified with new work in
Vietnam (tungsten), Papua New Guinea (gold)
and Laos (copper)
• African experience provides platform for joint
venture work in Zambia (copper)
Asia
46%
• Jinfeng underpinning continued China growth
opportunities
Africa
27%
Americas
4%

Growth strategy
• Expand geographic reach
• Strengthen strategic alliances
• Commodity diversification
• Expand range of services to take advantage of synergies
• Broaden range of clients and projects
• Acquire complementary businesses