For personal use only COFFEY INTERNATIONAL LIMITED Wilson HTM - - PowerPoint PPT Presentation
For personal use only COFFEY INTERNATIONAL LIMITED Wilson HTM Focus on Mining Services Conference 10 November 2010 Agenda For personal use only About Coffey Our value proposition and specialist businesses Differentiation and
COFFEY INTERNATIONAL LIMITED Wilson HTM – Focus on Mining Services Conference 10 November 2010
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– Infrastructure – Resources – Government – Property
excellence
– Mining, Environments, Geotechnics, Information, Rail, Commercial Advisory, Projects, International Development
– Asia Pacific, Americas, Europe & Middle East, and Africa
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COFFEY MINING
SPECIALTIES
Evaluation
Social Performance
Improvement SERVICES
Management
PRODUCTS
Instrumentation & Monitoring Systems
Management Solutions
applications SERVICES
Selection
Monitoring
& Pipe Testing
Sensing
Development
Location: Namibia Sector: Resources Client: Bannerman Resources Date project commenced: 2009 Date completed: Ongoing Total size of project: Undisclosed Services provided by Coffey: Bannerman Resources is an ASX listed company developing a uranium project in Namibia, close to the famous Rossing Uranium Mine; Coffey Mining is undertaking the resource estimate to quantify the size and shape of the orebody. We are able to provide an estimate recognised by all major financial institutions and global
COFFEY COMMERCIAL ADVISORY
FINANCIAL
decisions
ECONOMIC
development
ORGANISATIONAL
Systems
improvements
framework
TRANSACTION
management
negotiations
INFRASTRUCTURE
GOVERNMENT
competitions RESOURCES
resources
deals PROPERTY
work for sporting
Client: Queensland Department of Infrastructure and Planning Location: South East Queensland, Australia Capital value: A$2.6 billion About the project: Largest water recycling project in the southern hemisphere. The project was delivered through five alliances - three providing advanced water treatment plants and two providing more than 200km of large diameter pipelines. Coffey Commercial Advisory was commissioned to provide strategic leadership and project management expertise in order to meet time and political imperatives during a period of severe drought in South East Queensland.
COFFEY ENVIRONMENTS
ENVIRONMENTAL DESIGN SERVICES & MANAGEMENT
Engineering
Engineering
Legionella Management HEALTH & SAFETY
& Control
Monitoring
Assessments
Hazardous Compliance POLLUTION, WASTE & REMEDIATION
Remediation
Supply and Treatment
Auditing SUSTAINABLE ENGINEERING
Management
Location: Sepon, Lao People’s Democratic Republic Client: Oz Minerals, formerly Oxiana Limited Date project commenced: 2001 Completion date: 2009 About the project: Coffey’s specialist skills were used to obtain environmental approval for Laos’ first major mine, the Sepon Gold and Copper
assessment (EISA), Coffey developed a number of social and environmental strategies that are continuing to provide benefits to the local Sepon community and to the country as a whole.
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COFFEY GEOTECHNICS
GEOTECHNICAL ENGINEERING
construction advice
designs
for highways, ports and airfields GEOPHYSICS
seismic reflection and refraction
imaging
surveys GEOTECHNICAL ENGINEERING
design
GROUNDWATER
Location: Ireland Sector: Infrastructure - Tunnels Total size of project: €500-million-plus, Coffey Geotechnics was awarded the prestigious Fleming Award by the British Geotechnical Association for its’ innovation on this project Services provided by Coffey: Analysis of the behaviour of all elements, including the walls and bulkheads. The solution adopted retained the excavations with combiwalls that were made up of 1.4-metre steel pipe piles that were alternated with pairs of sheet piles
COFFEY INFORMATION
GEOTECHNICAL & MINING TESTING & ANALYSIS
Asphalt
geotechnical environmental and mining projects SUPERVISION, INSPECTION & MONITORING
supervision
earthworks, concrete and pavements
INSTRUMENTATION & MEASUREMENT
civil and mining projects
and Telemetry
DRILLING
investigations
testing
Location: New South Wales, Australia Sector: Infrastructure – Roads Client: NHA Alliance Team – Road and Transport Authority of NSW, Leighton, Coffey (Coffey Information & Coffey Geotechnics), AECOM, Snowy Mountains Engineering Corporation (SMEC) Date project commenced: March 2007 Date completed: October 2009 Total size of project: $800m (fees approx $15m) Services provided: Construction materials testing
COFFEY INTERNATIONAL DEVELOPMENT
KEY PRACTICE AREAS
natural resources
sector management
recovery
CORE COMPETENCIES
change process
management and evaluation
development and training
Location: Iraq Client: USAID Date commenced: 2006 Date completed: Ongoing and phase 2 being tendered Total size of project: US$340 million, largest US-funded public administration project since Vietnam War, model for similar projects in post-conflict regions around the world Services provided by Coffey: Project advisory assisting ministers, mid and senior level staff to develop project management, human resources, information technology and financial management skills
COFFEY PROJECTS
PROJECT MANAGEMENT
analysis
procedures
handover
PROJECT DELIVERY
superintendancy
management
SPECIALIST MANAGEMENT
training
workshops
negotiation and problem solving
DEVELOPMENT ADVISORY MANAGEMENT
programming and management
analysis
evaluation
– $A125 million – The Wolgan Valley Resort and Spa is Emirates’ most significant hotel resort project outside of Dubai, Australia’s first conservation-based luxury resort and the first hotel in the world to achieve carbon neutral certification
– design and construction project management
Client: Votorantim Metals Location: Vazante Limestone Mining District Capital value: A$ 100,000 About the project: Coffey developed a GeoHIDRO tool and solution for hydrogeological and environmental monitoring. The system was required to standardise the methods of collection, storage and visualisation of data to enable a rapid and integrated interpretation of the information stored. Data visualisation and charts are viewed using a web interface which optimised the production of maps, tables and charts for reports. Other benefits included substantial reduction of costs, access to up-to-date data for quick decision making, and real-time connection in 2D and 3D.
$475.7m – down 7%
$45.5m – down 19%
$13.8m – down 16%
69 days
34%
261.2 153.2 61.3
Fee revenue
Consulting I Dev Project Mangement
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* Operating EBITDA pre Vendor Earn-out (VEO) &Vendor Share Based Payments (VSBP)
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59%
510.4 475.7
0.0 100.0 200.0 300.0 400.0 500.0 FY 2009 FY 2010
APAC AMER EME AFRICA $m
25% 13% 64% 22% 12% 59%
400 420 440 460 480 500 520 540
$m
Fee Revenue - Group
Actual 12mth MAT Actual 3mth MAT
Management restructure Expanded Business Development
Coal prices Uranium shipments Iron Ore shipments
Colombia
Siderurgia
400,000
and Structural Mapping Focused on Coal - a team of 5 geologists, led by a Master Geologist, completed 250 square kilometres
October 2010.
project delays which continue to occur
security is a major focus
Zealand improving
positioned with this major spend that will occur in coming years
submitted
see benefits of collaboration, cross selling and common systems start to take effect
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* Pre VEO + VSBP Metrics FY06 FY07 FY08 FY09 FY10 ($m) unless otherwise stated Revenue 251.9 362.7 558.6 808.7 769.8 Fee revenue 210.9 281.9 376.6 510.4 475.7 Operating EBITDA* 24.2 29.1 49.8 56.0 45.5 EBIT 20.6 18.4 35.0 41.1 32.3 NPAT* 13.4 14.4 22.9 22.8 18.9 NPAT (reported) 11.6 8.4 15.3 16.4 13.8 Operating EBITDA* margin 11.5% 10.3% 13.2% 11.0% 9.6% EPS (basic) (NPAT*) 19.0 16.0 20.8 20.1 16.3 Net Debt 54.8 46.1 91.9 92.8 100.5 Equity 67.0 177.6 196.1 191.1 198.2 Net debt/equity 81.8% 26.0% 46.9% 48.6% 50.7% Net debt/capital 45.0% 20.6% 31.9% 32.7% 33.6% Interest cover (Operating EBITDA*) 7.6 6.0 6.3 4.6 3.7 Operating EBITDA / Capital (equity + net debt) 19.9% 13.0% 17.3% 19.7% 15.2%
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2010 APAC AMERICAS EME AFRICA GROUP H1 H2 FY H1 H2 FY H1 H2 FY H1 H2 FY H1 H2 FY Fee Summary Consulting 115.6 104.0 219.7 16.0 15.0 31.1 2.6 2.4 5.0 2.6 2.9 5.5 136.9 124.4 261.2 Int Development 13.1 20.0 33.1 37.3 37.6 74.9 21.0 24.1 45.1 0.0 0.0 0.0 71.5 81.7 153.2 Project Mgt 26.5 22.7 49.2 0.0 0.0 0.0 3.1 2.5 5.6 3.3 3.2 6.5 32.9 28.4 61.3 155.3 146.7 302.0 53.4 52.6 106.0 26.7 29.0 55.7 5.9 6.1 12.0 241.3 234.4 475.7 EBITDA Consulting 25.5 13.6 39.1 0.4 (0.9) (0.5) (0.3) 0.0 (0.3) 0.4 0.5 0.9 26.0 13.2 39.2 Int Development 4.9 4.8 9.7 10.5 8.6 19.1 (1.9) (0.7) (2.6) 0.0 0.0 0.0 13.5 12.7 26.2 Project Mgt 4.0 1.0 5.0 0.0 0.0 0.0 (0.5) 1.2 0.7 1.2 1.0 2.2 4.7 3.2 7.9 Business support (9.0) (7.1) (16.1) Corporate (4.1) (3.7) (7.8) Group EBITDA 34.4 19.4 53.8 10.9 7.7 18.6 (2.7) 0.5 (2.2) 1.6 1.5 3.1 31.2 18.2 49.4 Group EBITDA before ‘one off’ restructure costs
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2009 APAC AMERICAS EME AFRICA GROUP H1 H2 FY H1 H2 FY H1 H2 FY H1 H2 FY H1 H2 FY Fee Summary Consulting 119.8 105.6 225.4 25.7 16.9 42.6 2.6 3.3 5.9 4.2 5.2 9.4 152.3 131.1 283.3 Int Development 16.1 4.9 21.0 39.0 45.3 84.3 16.5 30.1 46.6 0.0 0.0 0.0 71.6 80.3 151.9 Project Mgt 26.9 28.6 55.5 0.0 0.0 0.0 5.7 6.0 11.7 4.7 3.3 8.0 37.3 37.9 75.2 162.8 139.1 301.9 64.7 62.2 126.9 24.8 39.4 64.2 8.9 8.5 17.4 261.2 249.2 510.4 EBITDA Consulting 24.3 15.9 40.3 4.4 (0.2) 4.1 (1.9) (2.8) (4.7) 1.5 0.2 1.7 28.4 13.1 41.4 Int Development 1.5 2.5 4.0 10.4 9.7 20.1 0.9 (0.1) 0.8 0.0 0.0 0.0 12.8 12.0 24.8 Project Mgt 3.3 1.9 5.2 0.0 0.0 0.0 1.7 2.8 4.5 1.8 1.3 3.1 6.9 6.0 12.9 Business support (8.1) (7.5) (15.6) Corporate (3.8) (3.8) (7.5) Group EBITDA 29.2 20.3 49.5 14.7 9.4 24.2 0.8 (0.1) 0.6 3.3 1.6 4.9 36.2 19.9 56.0
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As at 30 June ($m) 2009 2010 Cash & equivalents 40.6 27.1 Trade & other receivables 119.3 117.4 Current assets 206.4 198.0 Intangible assets 218.1 226.1 Non-current assets 274.7 280.7 Total assets 481.1 478.7 Trade and other payables 71.8 68.9 Borrowings 1.1 0.8 Current liabilities 119.3 121.1 Borrowings 143.4 137.7 Non-current liabilities 170.7 159.4 Total liabilities 290.0 280.5 Net assets 191.1 198.2