Investor Presentaiton
* Utilities
萁
Underperformance continued into 2H
Full year result materially impacted by:
Power maintenance contract (8 Dec ASX release)
Australian Water projects
NZ renewable wind farm project
Telco continued strong performance from 1H
Power maintenance contract update:
1 April commercial reset - remediation initiatives underway
Contract expected to be loss making in 1H24
Discussions with customer on second phase commercial
and operational amendments underway
Utilities leadership team reset complete with high-
calibre executives recruited to drive business
turnaround
Bidding activity in-line with new risk appetite
parameters and focus on improving bid margins/win
rates
18% of
FY23 revenue
29%
41%
Revenue of $2.3bn
(11.2% on FY22)
30%
powner
Downer
■Power & Gas
■ Water
■ Telco
Downer FY23 Results | 7View entire presentation