ABN AMRO Morgans Investor Seminar - Ausenco

ABN Amro MorgansInvestor Breakfast21 June 2006

Important InformationPurpose of this documentThis 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 thecompany 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 theconditions 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 thisdocument and return it.This document is not a recommendation, offer or invitationThis 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 prospectusThe 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 ofthe 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 byAustralian law or any other law to be disclosed in a prospectus.Exclusion of representations or warrantiesThe 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 anyassumptions) 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,ABN Amro Morgans Corporate Limited, their advisors and the officers of each of the aforementioned persons from any liability or responsibility for this document (including without limitation, lossor damage arising by negligence).This document is confidentialThis 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 becopied 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 itsaffairs, including this document, without retaining copies.Events after date of this documentThe 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 matterreferred to in this document.No relianceThe 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 statementsin 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 areoutside 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, andthey are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and theassumptions on which those statements are based. Given these uncertainties, the Recipient is cautioned to not place undue reliance on such forward looking statements.JurisdictionThe distribution of the document in jurisdictions outside Australia may be restricted by law. Any Recipient who receives this document outside Australia must seek advice onand observe any such restrictions. This presentation must not be distributed into the United States or any US person.

Ausenco LimitedAn award winning provider of innovative and high qualityengineering and project management services to the globalmining and minerals processing industrySpecialising in the engineering, procurement, constructionmanagement, project management, commissioning and operationof mineral processing plants

Ausenco ClientsClient Commodities Focus Repeat ClientBHP Billiton Diversified Rio Tinto Diversified Anglo American PlcDiversifiedXstrata Plc Diversified Oxiana Limited Gold, copper, lead, zinc Placer Dome Inc Gold and copper Barrick Gold Corporation Gold Newmont Mining Corporation Gold and copper Bemax Resources NL Mineral Sands First projectSino Gold Limited Gold First projectKingsgate Consolidated Limited Gold Mineral Deposits Limited Mineral sands and gold

Sepon Copper/Gold Projects

Bemax Mineral Sands Project

Bendigo Mining

Jinfeng Gold Project

Kainantu Gold Project

Current ProjectsAusenco is currently working on projects with Installed CapitalValue of $1.6 billionProject Name Client LocationProjectValueExpectedCompletionNui Phao Tungsten Project Tiberon Minerals Ltd Vietnam US$229M 2008Jinfeng Gold Project Sino Gold Ltd China US$85M 2006Yabulu Operations Upgrade BHP Billiton Australia $20M 2006Grand Cote Zircon Project Mineral Deposits Limited Senegal US$114M 2008Lumwana Copper Project Equinox Minerals Limited Zambia US$500M 2007Phu KhamPan Australian ResourcesLimitedLaos US$230m 2008

Growth Strategy Expand geographic reach Strengthen strategic alliances Commodity diversification Expand range of services to take advantage of synergies Broaden range of clients with a focus on top tier Acquire complementary businesses

Board & Management

BoardAusenco’s board brings together many years ofcommercial and industry experienceWayne Goss (Chairman)Zimi Meka (Managing Director)Bob Thorpe (Non Executive Director)Hank Tuten (Non Executive Director)George Lloyd (Non Executive Director)

ManagementAusenco’s ability to recruit and retain high quality professionals has been key to its growthZimi MekaManaging DirectorCraig AllenBrett SmithKen RoxburghWayne AndersonEsther KuitersGreg PaholskiChief FinancialOfficerChief OperatingOfficerCommercial &Risk ManagementBusinessDevelopmentPeople CapitalGeneral ManagerAscentisMatt LangridgePeter HrstichEd MekaGeneral ManagerProjects &ConstructionGeneral ManagerEngineering &ProcessGeneral ManagerAlliancesAusenco’s reputation for innovation and excellence attracts leading professionals in the industry

Financials

Profit and LossAusenco is forecasting strong growth in NPAT for FY2006 basedon long term contracts signed and under negotiationYear to 31 DecemberA$'0002003Audited2004Audited2005Audited2006ForecastTotal Revenue 27,451 69,861 79,066 97,958EBITDA 1,747 7,460 8,063 10,299EBIT 1,342 7,075 7,465 9,267Profit before Tax 1,486 7,320 7,606 9,637NPAT 1,058 6,309 5,663 7,450