BRADKEN LIMITEDBRADKEN LIMITED

2007 ANNUAL GENERAL MEETING2007 ANNUAL GENERAL MEETING

Bradken Delivers Strong Profit Growth

Wednesday, 31 October 2007

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BRADKEN LIMITEDBRADKEN LIMITED

ChairmanChairman’’s Addresss Address

NICK GREINER, Chairman

Wednesday, 31 October 2007

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The BoardThe Board

Mr Nick Greiner ACIndependent Non-Executive Chairman

Mr Brian HodgesManaging Director and Chief Executive Officer

Mr Phil ArnallIndependent Non-Executive Director

Mr Vince O’Rourke AMIndependent Non-Executive Director

Mr Greg LaurieIndependent Non-Executive Director

---------------------------------------------------Mr Bruce ArnottChief Financial Officer and Company Secretary

Board of Directors

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AgendaAgenda

Chairman’s Address

Managing Director’s Address

Formal Business

Refreshments

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Bradken delivers strong profit growth driven by mining volumes and

rail demand, expansion of EBITDA margin and targeted acquisitions

NPAT of $49.1m – 45% up on FY06

Completed acquisitions costing $76m and contributed EBITDA of

$10.8m since our ownership

19% equity in AmeriCast (USA) is an investment for the future

Dividend of 68% NPAT is at the higher end of the stated 60 – 70% range

Final dividend 17.0 cents per share fully franked, giving a full year

dividend of 31.5 cents, an increase of 50% on last year

FY07 HighlightsFY07 Highlights

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Corporate GovernanceCorporate Governance

Commitment to achieving and demonstrating the highest standards of

corporate governance

Established framework for the management of the Company including a

system of internal control, a business risk management process and the

application of appropriate ethical standards

Establishment of a number of committees to assist in the execution of

Board duties and to allow detailed consideration of complex issues

Annual self-assessment of the Board’s collective performance, the

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OutlookOutlook

Confidence in the continued growth in China and longer term strength

of the resources cycle and believe that Bradken is well placed to

continue to benefit from the growth in these mining related markets

Although mine production growth has been constrained by port and

rail capacity, the industry is entering a period of strong rail growth

Continue to review potential targeted acquisitions in Australia and

overseas, which are consistent with our business model

The main drivers of growth, being mining volumes and rail demand,

expansion of EBITDA margin, and acquisitions will continue to

provide a platform for sustainable long-term earnings growth For

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BRADKEN LIMITEDBRADKEN LIMITED

Managing DirectorManaging Director’’s Addresss Address

BRIAN HODGES, Managing Director

Wednesday, 31 October 2007

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Bradken in the Hunter RegionBradken in the Hunter Region

Bradken employs over 300 people in a broad range of disciplines

throughout the Hunter Region in locations including:

• Mayfield West (Head Office)

• Newcastle West (Shared Services)

• Hamilton North (Rail Manufacturing Facility)

• Singleton (Mining Sales Office)

• Mount Thorley (Engineering Workshop)

• Muswellbrook (Engineering Workshop)

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HighlightsHighlights

+32%$77.4m$102.6mEBITDA

+50%21.0 cents31.5 centsDividend per Share

+45%32.0 cents46.3 centsEarnings per Share

+45%$33.9m$49.1mNPAT

+17%$547.8m$639.7mSales

ChangeJune 2006June 2007

Continued strong earnings growth

Improved quality of earnings due to effective price and cost management

Capacity increased to meet continued demand for consumable products

Strong operating cash flow helped fund acquisitions

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Quality Growth Continues Quality Growth Continues

Sales Revenue

139.4162.4

179.1

225.8 227.7

257.4271.1 276.7

294.4

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SALES REVENUE(CAGR 21%)

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Five Industry Focused DivisionsFive Industry Focused Divisions

MiningDesign and manufacture specialised wear parts and crawler systems for earth moving

equipment, and provide maintenance and refurbishment services to the resources industry

Mineral ProcessingDesign and manufacture customised grinding and crushing consumables and provide

refurbishment services to the mineral processing industry

RailDesign and manufacture freight wagons, bogies, drawgear componentry and consumable

products and provide regional maintenance and refurbishment services

IndustrialDesign and manufacture consumable parts for process plants and manufacturing processes,

and develop new market opportunities for future growth

Power & CementDesign and manufacture consumable parts for power generation and cement industries

globally

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RailRail

Iron Ore Wagons ready for Dispatch

Sales revenue up 15% due to continued high iron ore wagon build program and

based on the current level of order placement and tendering activity, we anticipate

an increased market requirement for wagon builds in FY08 continuing into FY09

Transporting Iron Ore to Port

Intermodal Freight CarsFor

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Rail Rail –– China FacilityChina Facility

First components fabricated by Bradken Xuzhou for use in Australian wagon

build program

First Fabrications Ready for Dispatch from Bradken Xuzhou

Bradken Xuzhou Office and Manufacturing BuildingForklift Training Graduation Ceremony at Xuzhou

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MiningMining

Crawler Shoe Heat Treatment

Sales revenue up 12% for FY07 with consumable products sales forecast to

remain strong, in line with mine production levels, particularly iron ore and coal

Excavator Bucket Manufacture

Dragline Bucket and RiggingFor

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Mineral ProcessingMineral Processing

4.5 tonne Mill Liner

Despite an 11% reduction in sales due to lower mined volumes of gold and

copper, achieved margin improvement and increased manufacturing efficiencies,

improved alloy scrap utilisation and maintained an ongoing focus on product

differentiation and customer support

Mill Liner at Adelaide Foundry

Cannington Scrap Facility

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IndustrialIndustrial

Fabricating and machining a large crawler frame at Ipswich

Sales revenue increased by 38% due to acquisitions, with forecast sales

growth to be delivered through further leverage off recent acquisitions and

incremental capacity improvements

Fabricating a Fairlead Structure at Ipswich Engineering Workshop

Dimensionally checking a machined mill headFor

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Industrial Industrial –– Recent AcquisitionsRecent Acquisitions

Wundowie

Innisfail (formerly Boogan)

Wundowie foundry manufactures a range of iron

and steel castings, with emphasis on wear

resistant components used by the mining

industry in Australia and overseas

Innisfail manufactures a wide range of cast,

machined and fabricated engineered products for

use in the sugar and mining industries

Disamatic Moulding Machine at Wundowie

Cane Bin Wheels at Innisfail

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Power & CementPower & Cement

Operating to plan since its formation in December 2006, the Power & Cement

Division has contributed almost $30m in sales revenue, with notable

successes in North America and South Africa

Cast Balls & Tyres at Scunthorpe Plant Machined Grinding Balls at Ipswich Plant

Moulding at Scunthorpe PlantFor

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People and SafetyPeople and Safety

We continue to reduce the all injury frequency rate through the progressive

rollout of our 21 Step Safety Plan

With forecasts of long-term skills shortages, we are proactively introducing

automation to reinvent the business and reduce our reliance on semi-skilled

labour

Aftercast Facility at Runcorn Plant

Robotic Automation at Darlaston, UK

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People and SafetyPeople and Safety

Held inaugural Employee Recognition Awards night in Perth to acknowledge

those employees who exemplify the Bradken Culture

Launched the Bradken Employee Share Ownership Plan to encourage employee

ownership through a progressive roll out during FY08

To strengthen our core skills and knowledge base we have expanded our

apprenticeships and traineeships, introduced a Bradken Competitive

Manufacturing Program and developed the Bradken CEO Leadership Program

2006 Employee Recognition Award Winners

Apprentice at Ipswich Plant

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Strategies for Future GrowthStrategies for Future Growth

Continue to expand capacity and capability to capitalise on the continued

strong growth in resources and rail

Grow core products and services both organically and globally through

complementary acquisitions

Continue to pursue profit improvement strategies through cost reduction

programs and vertical integration initiatives

Continue to develop the Bradken culture, technology, product development

and manufacturing skills

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OutlookOutlook

Three main drivers of Bradken’s growth

Mining volumes / Rail demand• Confidence in China growth and continued resource cycle

• Rail wagon market strong with re-emergence of Pacific National, increased wagon demand from Queensland Rail, to be followed by increasing volume trends in iron ore and coal

Expansion of the EBITDA margin• Significant capex spend going forward and realisation of benefits from FY07 expenditure

• Commenced importing of Chinese manufactured products

• Continued focus on product development and selling of value to customers

• Exchange rate has positive effect on costs but may encourage imports

Targeted Acquisitions• Full year impact of recent acquisitions

• Our balance sheet strength and strong cash flow provides increasing capacity to fund acquisitions

• Ample opportunities in Australia and Overseas within strategic areas

The above drivers will continue to provide a platform for sustainable long-term

earnings growth

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BRADKEN LIMITEDBRADKEN LIMITED

Formal BusinessFormal Business

NICK GREINER, Chairman

Wednesday, 31 October 2007

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1. Financial reporting

2. Remuneration Report

3. Re-election of Director

4. Grant of Performance Rights to Mr Brian Hodges

5. Increase in Maximum Aggregate Directors’ Fees

Formal BusinessFormal Business

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Thank you for your interest in Bradken

Please join us for refreshmentsFor

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