Investor Presentaiton

Strategy & Outlook FY11 target is to build NPAT growth in line with revenue growth; activity in second half of FY11 expected to increase as timing of project roll-outs normalizes Increase focus on longer term revenues whilst maintaining ROCE levels Focus on increasing NRW's relevance to customers needs, e.g. Action Drill & Blast Growth revenue streams from services and products adjacent to existing business and skill base Mining • . Add new resource mining contracts (e.g. coal) • Pursue new geographies, adapt delivery methods to suit risk Focus on ROCE . Pursue iron ore expansion opportunities, continued focus on customer expectations on timing/delivery Civil Drill & Blast Action . • Extend into Oil & Gas, leveraging reputation for quality in iron ore • Promote adjacent services to deliver on broader customer needs and lengthen revenue cycle . • • Ensure offering recognized as alternative in quality and 'economy' Focus expansion in line with group target projects - larger capacity equipment with higher competitive entry barriers Promote existing skills & product range to wider market Introduce product innovations to assist market increase in civil and mining activity, focus on shortening customer timeframes Investor Presentation Full Year Results FY2010 NEW HOLDINGS LIMITED

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