Aus Group_2012 (Full Year)_PPT

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2012 Full Year

Results Briefing29 August 2012

Mr Laurie BarlowManaging Director & CEOMr Anthony HardwickCFO


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Full Year Results Briefing FY 2012

Disclaimer

The information in this presentation:

Is not an offer or recommendation to purchase or subscribe for securities inAusGroup Limited or to retain any securities currently held

Does not take into account the potential and current individual investmentobjectives or the financial situation of investors

Was prepared with due care and attention and is current at the date of thepresentation

Actual results may materially vary from any forecasts (where applicable) in thepresentation

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Highlights

2012 Full YearResults Briefing


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Highlights & Key Messages FY 2012

Overview Summary

Financial Operating Strategic

Revenue5% to A$632.0M

EBIT Margin79% to 6.1%

NPAT88% to A$23.3

Basic EPS63% to 4.9cps

Net cash flow fromoperating activities453% to A$41.0M

Net debt to equity ratio-16.3% (FY11: -3.3%)

Order book of A$324M (as at29 August 2012)

A$792M in new contracts &extensions secured in FY12

Strong performance MajorProjects and MAS

Group safety performance -TRIFR 5.8 (FY11: 3.95)

Workforce numbers at 2,778( 30% from FY11: 2135)

Implementation of OracleEBS

Establishment of commonProject Delivery systems

Regional expansion toQueensland

Establishment of projectmanagement and businessmanagement trainingschemes

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People Performance

Investment in people through Project and

Business management training

Established internal recruitment teams tomeet project demands.

Experienced Industrial relations teams.

ATSI development programs for localcommunities.

Australia

Asia

Geographic Breakdown

1,429

1,704

2,471

2,135

2,778

FY08 FY09 FY10 FY11 FY12

Employee Numbers

16%

84%

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2.68

5.79

4.50

3.95

5.80

0.00

0.96

0.190.00

0.73


Injury Frequency Rates(LTIFR & TRIFR)

TRIFR LTIFR


Safety Performance

Perfect Day philosophy is a core

differentiator. Established board Health, Safety and

Environment Committee.

Behaviour based safety training

Supervisor development program

3 million man hours without injury onWoodside Pluto project.

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Financial Summary

& SegmentAnalysis

2012 Full Year

Results Briefing


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Financial Summary & Segment Analysis FY 2012

AUD millions unless otherwise mentioned FY12 FY11 % Change

Revenue 632.0 602.0 5%

Earnings before Interest ,Tax, Depreciation & Amortisation (EBITDA) 53.8 36.6 47%

Earnings before Interest and Tax (EBIT) 38.5 20.4 89%

Profit after Tax 23.3 12.4 88%Net Cash Flow from Operating Activities 41.0 -11.6 453%

Basic Earning per Share - Weighted Average Shares (AUD cents) 4.9 3.0 63%

EBITDA Margin (%) 8.5% 6.1% 39%

EBIT Margin (%) 6.1% 3.4% 79%

Net Margin (%) 3.7% 2.1% 79%

Interest Cover (Times) 11.5 4.8 140%

NTA per Share - Year End Shares (AUD cents) 29.1 27.1 7%

NTA per Share - Year End Shares (SGD cents) 37.7 35.1 7%

Current Ratio (Times) 1.45 1.23 18%

Quick Ratio (Times) 1.10 0.89 23%

Net Debt to Equity ratio (%) -16.3% -3.3% 395%Return on Capital Employed (%) 15.8% 10.6% 50%

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Historical Performance


281.1

379.0

478.2

366.7

602.0

FY07

FY08

FY09

FY10

FY11

FY12

Revenue (A$M)

31.7

27.0

44.3

23.0

36.6

FY07

FY08

FY09

FY10

FY11

FY12

EBITDA (A$M)

11.3

7.1

9.3

6.3

6.1

8.5

FY07

FY08

FY09

FY10

FY11

FY12

EBITDA Margin (%)

19.9

14.4

21.9

2.4

12.4

23.3

FY07

FY08

FY09

FY10

FY11

FY12

Net Profit After Tax (A$M)

0.61

0.61

0.64

0.64

0.64

1.00

FY07

FY08

FY09

FY10

FY11

FY12

Dividends per Share (Sing cents)

+5%* +47%* +39%*

+88%* +56%*

4.9

3.6

5.4

0.6

3.0

4.9

FY07

FY08

FY09

FY10

FY11

FY12

Earnings per Share (Aus cents)

632.0 53.8

*FY12 to FY1110

+63%*


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Results by division detail(EBIT FY12 compared to EBIT FY11)


38.5

20.4 (0.4) (19.3)

27.2

10.6

0

5

10

15

20

25

30

35

40

45

EBIT FY11 Fabrication &

Manufacturing

Integrated

Services

Major Projects Other EBIT FY12

AUDM

illion

EBIT Contribution Analysis

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12.4 2.9

17.3

(8.6)

3.92.3

1.0

(7.9)

23.3

0

5

10

15

20

25

30

35

AUD

Million

NPAT Contribution Analysis

Results Detailed analysis(NPAT FY12 Compared to NPAT FY11)


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Revenue Contribution


Contribution by Division Contribution by Sector Contribution by Geography

A$379M A$478M A$367M A$602M

46%

60%53%

40%32%

29%

30%

19%

17%

18%

25%

10%

28%

43%50%


Integrated Services

Fabrication & Manufacturing

Major Projects

A$632M A$379M A$478M A$367M A$602M A$632M

94% 94%89%

93% 95%

6% 6%11%

7% 5%


I Australia Asia

28%36%

56% 55% 55%

72%64%

44% 45% 45%


Oil & Gas Mineral Resources

A$379M A$478M A$367M A$602M A$632M

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Business Unit

Update2012 Full YearResults Briefing


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Fabrication & Manufacturing

Business Unit Update FY 2012

Highlights

Acquisition of Subsea PressureControls, Singapore

Secured Gorgon pipe spools

Supporting Major Projects business onfive projects.

Rio Tinto - Dampier Expansion Project Chevron Gorgon Pipe Spools FMG Cloudbreak Iron Ore Rio Tinto Brockman 4 Pilot Plant

Fabrication &

Manufacturing

, 18%

Other, 82%

FY12 Revenue Contribution (%)

102.0

112.4

FY11

FY12

Revenue (A$M)

5.9

5.5

FY11

FY12

EBIT (A$M)

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Major Projects


Highlights

Six construction projects secured inperiod.

Established project delivery teams

Common project managementsystems.

Projects supported by AusGroup

cranes, plant and equipment

Southern Seawater Alliance Karara Iron Ore Project FMG Cloudbreak Iron Ore Rio Tinto Dampier Port Facility

239.4

201.8

FY11

FY12

Revenue (A$M)

-18.6

8.6

FY11

FY12

EBIT (A$M)

Major

Projects,

32%Other, 68%


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Integrated Services


Highlights

Strong revenue from Woodside Plutorectification project.

Increase in annuity maintenancerevenues.

Scaffold business continued goodperformance.

Apache Energy limited Varanus Woodside Energy Limited Pluto Alcoa Wagerup Refinery QAL Calciner Maintenance Contract

Integrated

Services, 50%

Other, 50%


260.7

317.9

FY11

FY12

Revenue (A$M)

39.0

19.7

FY11

FY12

EBIT (A$M)

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Strategy andOutlook

2012 Full YearResults Briefing


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246

141

64

169135

113

222

221

148

95

224307

468

362

212

264

359

420

H1-10 H2-10 H1-11 H2-11 H1-12 H2-12

Oil & Gas Mineral Resources

By Sector

Strategy and Outlook FY 2012

Project opportunity outlook remains strong

Tenders and Tracking - 12 MonthsForward Looking

Order Book Growth Over Past Three Years

483

309

792

FY12

Order Intake(Projects

Won)

TendersSubmitted

In AUD Million

43

550

593

As of 13 August

2012

Oil & Gas Gorgon Wheatstone Macedon Ichthys APLNG GLNG

VaranusIsland CSBP QCLNG Shell FLNG

Mineral Resources Alcoa Calciner Roy Hill CBH QAL Tanami Southdowns

Cape Preston Coral Ridge Dugald River Extension Hill Jack Hills Wandoan Coal Alpha

Tender Submitted: Formal tender which has been submitted to date (excluding budget pricing or rates) and its result has not yet been announced

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Market Conditions - AusGroup End Markets

FY11

WA Mineral Resources

Australia / WA Oil &

GasAsia Pacific Subsea

declining activitystable/flat activity

expanding activity

Current

Estimated Capital Expenditure on Advanced Australian

Minerals & Energy Projects: Western Australia The Biggest Share

New capital expenditure in the mining industry in 2010-11 were

the highest on record and are continuing to increase strongly in

2011-12 (may be around $80 billion)

FY13+

Source: Bureau of

Resources and EnergyEconomics (29 November2011)

Source: Bureau ofR eso urces and Energy Economics(29 November 2011)

Estimated breakdown of the proposed capital expenditure

on advanced projects, by major commodity grouping

Source: Bureau ofResources and Energy Economics (29November 2011)

Market Conditions


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Outlook


Significant trends andcompetitive conditions

Outlook next reportingperiod and 12 months

Outlook longer term

Expressions of interest atrecord levels.

Established recruitmentteams prepared to meetproject demand.

Number of committedprojects enteringconstruction andmaintenance stages.

Increased maintenanceopportunities as projects arecompleted.

Very early stages of largescale projects so 3 to 4years of strong marketremain

Resource demand likely toremain strong

Supply/demand curveremains favourable

Western Australia, NorthernTerritory and Queenslandare growth regions

Increased investment inLNG.

Barriers for entry intoconstruction remain high.

Projects are becominglarger and more complex.

Desire for integratedservice provider.

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Key Take Outs

Growth

Strong pipeline of opportunities on committedprojects

Maintenance opportunities growing withcompleted projects

Operations

Teams focused on managing execution risksand improving productivity

Standardised systems and processes

Regional expansion to follow projects

Brockman 4 Low Grade Pilot Plant (Rio Tinto)

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