Investor Presentaiton
Business Update - Australia
Queensland:
Brisbane:
A very quiet 1H FY14 but a much stronger 2H in FY14 is encouraging for FY15
Cost reductions and efficiencies have seen GM% improvements which will continue
Coal miners across the eastern seaboard are expected to remain tight with spending and will
continue on a program of cost reduction and deferral for at least 1H FY15
Enquiry levels are much stronger than at the same time last year
Mackay:
Business conditions in the Bowen Basin and Mackay areas are expected to remain quiet and flat
for the foreseeable future
This business is very reliant on repairs and often has a very short term order book, but has very
good relationships with key customers which secures the bulk of their work
Austbore continues to hold up well in difficult conditions
New South Wales - Hunter Valley:
Hunter Valley is a difficult market with a number of competitors exiting during the year
Revenue was consistent year on year, but profit suffered due to market pressures to win work
A number of opposition companies have closed their facilities
A much improved profit result in 2H FY14 vs 1H
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