For personal use only � COFFEY INTERNATIONAL LIMITED Lodge Partners Mid Cap Confab Presentation Debbie Goodin, Director of Operations 31 March 2009
Agenda For personal use only • Organisation overview • Financial performance overview • Operations overview • Strategy and outlook • Questions
For personal use only Organisation overview
Company snapshot For personal use only • Multi-specialist model – market leading, global • ~4000 employees globally • Diversification by service, sector and geography – Offices in more than 10 countries and projects in more than 80 countries – 54% of revenue from outside Australia – Consulting • Geotechnics; Environments; Natural Systems; Mining; Rail; Peron; Information – International Development – Project Management • Diversification strategy has Coffey well-positioned in challenging economy • New leadership team launched in 2008/09 • ~30 acquisitions in the past 3 years • $80m rights issue in 2007 oversubscribed • Strong balance sheet with conservative gearing • $200m debt facility secured in 2008 which matures in 2012 4
For personal use only Financial performance overview
Strong growth in revenues and operating profits For personal use only Total Revenue Operating EBITDA* 60 600 558.6 49.8 50 500 3 Year CAGR 3 Year CAGR 417.9 41.7% 48.7% 40 400 36.3 362 29.1 $m $m 30 300 251.9 24.2 20 200 17.5 170 10 100 0 0 FY05 FY06 FY07 FY08 1H FY05 FY06 FY07 FY08 1H FY09 FY09 Pre vendor earn-out & share-based payment expense (“pre VEO & SBP”) 6
Half year revenues & operating profits For personal use only Total Revenue Operating EBITDA* 40 450 417.9 36.3 400 35 3 Year CAGR 3 Year CAGR 350 30 55.7% 54.0% 300 25 237.6 250 19.8 $m $m 20 200 15.5 159.5 15 150 110.8 9.9 10 7.7 100 80.1 5 50 0 0 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 FY05 FY06 FY07 FY08 FY09 FY05 FY06 FY07 FY08 FY09 Pre vendor earn-out & share-based payment expense (“pre VEO & SBP”) 7
Increasing dividends and earnings per share For personal use only Dividends Per Share Earnings Per Share 18 25 16.0 20.8 15.0 15 19.0 20 13.0 17.3 Cents Per Share Cents Per Share 16.0 15.7 12 9.0 10.5 8.0 15 9 8.0 10 7.0 6 8.5 5 7.0 7.0 3 5.0 3.5 0 0 FY05 FY06 FY07 FY08 1H FY05 FY06 FY07 FY08 1H FY09 FY09 8
Our diversification strategy has assisted Coffey with increased earnings For personal use only 1H FY09 1H FY08 EBITDA* 36.3m 1H FY07 EBITDA* 19.8m EBITDA* 15.5m 15% 14% 18% 5% 8% 25% 60% 74% 81% Consulting Project Management International Development * Pre VEO & SBP 9
Recap – Summary – financial performance (for the 6 months to 31 December 2008) For personal use only • Improving working capital management • Improved fee margins with Operating EBITDA* / fee revenue up from 12.2% to 13.9% • Substantial growth in Operating EBITDA* up 83.3% • EPS growth of 69%** on pcp (3 year CAGR of 28%) • Solid balance sheet with conservative gearing • Fully franked interim dividend of 8.5 cps - increased 21.4% on pcp * Pre VEO & SBP ** Pre amortisation, VEO and SBP 10
For personal use only Operations overview
Global presence For personal use only United Kingdom & Poland (c. 220 FTE) Canada (c. 160 FTE) - Geotechnics - Geotechnics - International Development - Mining Philippines (c. 30 FTE) - International Development United States (c. 710 FTE) - Environments Australia & New Zealand - International Development (c. 2,480 FTE) - Geotechnics - Environments - Mining Middle East (c. 50 FTE) - Natural Systems Brazil (c. 250 FTE) - International Development - Peron - Mining - Projects - Rail Africa (c. 90 FTE) - Information - Environments - Information - Mining - Mining - Projects - Projects FTE = full-time equivalents 12
Experienced new executive team For personal use only Roger Olds MD & CEO Urs Meyerhan Bob Simpson Mark Croudace Debbie Goodin Stephen Pamela Young Mark Newton Director of Director of Director of Director of Director of PFG Director People Dunkerley Finance & CFO Corporate Business Operations Director of & Culture Development Development Systems • 30 years • Previously • 10 years • Previously • Previously • Previously a • 15 years leadership Corporate specialising in Acting CFO of Chief consultant to experience as experience in Development business Coffey and Information Coffey regarding a senior international Officer development ran M&A Officer at Coffey’s executive at finance with Ernst & Transport transformational Microsoft • Coffey Board • Chartered Young Infrastructure growth program, • Previously member from Accountant • Specilaises in Development Platform For Finance Director 1996 to 2000. • Previously a global human • Previous Corporation Growth (PFG) at Wattyl Limited; Partner with resources Senior finance and General CFO of United Ernst & Young • Experienced roles with Manager Group Limited; NZ working with State Technology Group Financial global Government Services with Controller of businesses, and of Victoria, KBR Asia WMC Resources in particular City of Pacific Limited and CFO professional Melbourne, of Swiss services Ferrier Aluminium Hodgson and Australia Arthur Andersen
Specialist services across high demand sectors For personal use only Sectors Infrastructure, Oil & Gas, Government, International Development, Mining Property, Sport & Leisure 14
Specialist engineering & environmental consulting For personal use only • Australia’s leading and first specialist geotechnical consulting firm • Around 700 staff • Nearly 50 years’ experience • Geotechnical engineering - analysis and design, site investigation, geo-environmental engineering, groundwater, geophysics and laboratory testing • Offices throughout Australia, New Zealand, Canada and the UK • Key clients include: Leighton Companies; BHP Billiton; Lihir Gold; Chevron; Toronto Transit Commission; Inpex Browse Limited; Qld Main Roads; Network Rail UK • Sustainable engineering, environmental impact and field ecology, waste management, workplace health and safety • Around 550 staff • Australia’s largest enviro, H&S and sustainability consultancy • Offices in Australia, USA, NZ • Key clients include: Fortescue Metals Group; Thiess John Holland; Chevron; Mobil; Rio Tinto; Caltex; Shell; Department of Defence; Telstra; Sydney Airport; Sydney Ports; LA School Board 15
Specialist mining & social and environmental impact consulting For personal use only • One of Australia’s biggest mining consultancy groups • Provide ‘turn-key’ consulting and operational support services in over 70 countries on six continents, supported by operational offices located throughout Australasia, Africa, and North and South America • Around 450 staff • Services from ‘cradle to the grave’ – exploration, feasibility, funding, development, operations / business improvements and site closure • Key clients include: BHP Billiton; Rio Tinto; Newcrest; African Minerals; Xstrata • Environmental and social impact assessments and environmental management • Around 80 staff • More than 30 years experience from more than 40 countries • Offices in Adelaide, Brisbane, Darwin, Melbourne, Sydney, Perth and Papua New Guinea • Key clients include: Exxon; Oxiana; Shell; Tarong Energy; Atlas Iron; African Minerals; Morobe Consolidated Goldfields; Iluka Resources; Australian Defence Force; Xstrata 16
Specialist international development For personal use only • Social infrastructure development – i.e. helps donor organisations deliver governance systems, public services and business models to developing and emerging markets; emerging market for assisting private sector focus on developing countries • Around 1,400 staff & contractors • Operations in more than 60 countries • Offices in Vietnam, the Philippines, PNG, Indonesia, UAE, Poland, UK, USA and Australia • Key clients include: world’s major donor organisations including the UN, the World Bank, the EU, the Asian Development Bank, USAID, the United Kingdom Department for International Development and AusAID 17
Specialist project management For personal use only • Project management, strategic development advice, feasibility advice, procurement, tender & post-construction processes management and transportation project management • Around 400 staff • Operations throughout Australia, New Zealand, South Africa, Middle East and South East Asia • Diversifying into resources and infrastructure • Acquired Bovell Freeman & Holley in South Africa, September 08 • Key clients include: Chevron; ING Real Estate; Standard Bank, Nedbank, Cairns Airport Authority Transpower (NZ); Department of Defence; Ministry of Transport; SEQld Water; NSW Health Infrastructure, Sydney University, Vodacom 18
Recommend
More recommend
