Chairman, Geoff Ashton AM - CIMIC Group Chairman and Non-executive DirectorDeputy Chairman and Non-executive Director Dr Hans-Peter Keitel

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  • Chairman, Geoff Ashton AM

    Opening of 43rd AGMOpening of 43rd AGM

  • Introducing the Leighton Holdings BoardIntroducing the Leighton Holdings Board

  • Non-executive DirectorNon-executive Director

    David MortimerDavid Mortimer

  • Non-executive DirectorNon-executive Director

    AchimDrescherAchimDrescher

  • Non-executive DirectorNon-executive Director

    Robert Humphris OAM

    Robert Humphris OAM

  • Non-executive DirectorNon-executive Director

    Dr PeterNoDr PeterNo

  • Deputy CEO and CFO and Executive DirectorDeputy CEO and CFO and Executive Director

    DieterAdamsasDieterAdamsas

  • CEO and Managing DirectorCEO and Managing Director

    Wal King AOWal King AO

  • Deputy Chairman and Non-executive DirectorDeputy Chairman and Non-executive Director

    Dr Hans-Peter KeitelDr Hans-Peter Keitel

  • Company SecretaryCompany Secretary

    Ashley MoirAshley Moir

  • Non-executive DirectorNon-executive Director

    DavidRobinsonDavidRobinson

  • Non-executive DirectorNon-executive Director

    ThomasLeppartThomasLeppart

  • Non-executive DirectorNon-executive Director

    GeoffDixonGeoffDixon

  • Non-executive DirectorNon-executive Director

    Martin Albrecht ACMartin Albrecht AC

  • Chairman, Geoff Ashton AM

    Address to ShareholdersAddress to Shareholders

  • Group Financial HighlightsGroup Financial Highlights

  • 6.0

    3.6

    4.5

    5.3 5.6

    00 01 02 03 04

    Total Operating Revenue $bnat 30 June

    Total Operating Revenue $bnat 30 June

  • Work in Hand $bnat 30 June

    Work in Hand $bnat 30 June

    13.0

    6.2

    7.8 8.49.7

    00 01 02 03 04

  • 110.0

    134.1

    156.2169.2

    140.0

    00 01 02 03 04

    Operating Profit After Tax $mat 30 June

    Operating Profit After Tax $mat 30 June

  • Australia/Pacific OperationsAustralia/Pacific Operations

  • Total Revenue $bn

    at 30 June

    Total Revenue $bn

    at 30 June

    Operating Profit Before Tax $m

    at 30 June

    Operating Profit Before Tax $m

    at 30 June

    4.65.0

    03 04

    145

    59

    03 04

  • Asian OperationsAsian Operations

  • Total Revenue $m

    at 30 June

    Total Revenue $m

    at 30 June

    Operating Profit Before Tax $m

    at 30 June

    Operating Profit Before Tax $m

    at 30 June

    8187

    03 04

    996 987

    03 04

  • DividendDividend

  • 45

    33

    3942 44

    00 01 02 03 04

    Dividends per Ordinary Share at 30 June

    Dividends per Ordinary Share at 30 June

  • Shareholder returnShareholder return

  • 0

    100

    200

    300

    400

    500

    600

    700

    800

    900

    1000

    94 95 96 97 98 99 00 01 02 03 04

    Leighton Total Shareholder ReturnLeighton Total Shareholder Return

    All Ordinaries Accumulation Index for 10 YearsAll Ordinaries Accumulation Index for 10 Years

    Performance Scaled to 100Performance Scaled to 100

    Leighton Shareholder Return vs All OrdsLeighton Shareholder Return vs All Ords

  • Governance and the BoardGovernance and the Board

  • Outlook for 2004/05Outlook for 2004/05

  • 1st quarter results1st quarter results

  • Total operating revenue 1,746 1,305Net profit after tax 38.2 36.4Work in hand 12,524 9,981

    Total operating revenue 1,746 1,305Net profit after tax 38.2 36.4Work in hand 12,524 9,981

    Sept 04 Sept 03 ($m) ($m)

    Sept 04 Sept 03 ($m) ($m)

  • Chief Executive Officer, Wal King AO

    Delivering on our potentialDelivering on our potential

  • StrategyStrategy

  • BrandsBrands

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

  • Markets/Products

    BrandsBrandsMining & ResourcesEngineering & InfrastructureBuilding & PropertyOperations & Maintenance

    Mining & ResourcesEngineering & InfrastructureBuilding & PropertyOperations & Maintenance

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

  • Markets/Products

    Geography

    BrandsBrands

    AustraliaAsia/PacificAustraliaAsia/Pacific

    Mining & ResourcesEngineering & InfrastructureBuilding & PropertyOperations & Maintenance

    Mining & ResourcesEngineering & InfrastructureBuilding & PropertyOperations & Maintenance

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

  • Markets/Products

    Geography

    BrandsBrands

    AustraliaAsia/PacificAustraliaAsia/Pacific

    Mining & ResourcesEngineering & InfrastructureBuilding & PropertyOperations & Maintenance

    Mining & ResourcesEngineering & InfrastructureBuilding & PropertyOperations & Maintenance

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

    ThiessJohn HollandLeighton ContractorsLeighton Asia (Northern)Leighton Asia (Southern)Leighton Properties

    DeliverySystems

    Hard DollarDesign & ConstructionProject ManagementAlliancingNegotiatedDevelopmentPrivatised Projects/PPP

    Hard DollarDesign & ConstructionProject ManagementAlliancingNegotiatedDevelopmentPrivatised Projects/PPP

  • Financial Strengthat 30 June

    Financial Strengthat 30 June

    200200

    16001600A$mA$m

    00

    400400

    600600

    800800

    10001000

    12001200

    22

    1414

    00

    44

    66

    88

    1010

    A$bnA$bnwork in hand (RHS)work in hand (RHS)bank guarantees, insurance bonds & letters of credit (LHS)

    bank guarantees, insurance bonds & letters of credit (LHS)

    96/796/7 97/897/8 98/998/9 99/099/0 00/100/1 01/201/294/594/5 95/695/6 02/302/3 03/403/492/392/3 93/493/4

    121214001400

  • Market OutlookAustraliaMarket OutlookAustralia

  • Australian Construction Marketat 30 June

    Australian Construction Marketat 30 June

    $bn$bn

    Source: BIS ShrapnelSource: BIS Shrapnel

    ForecastsForecasts

    9191 9292 9393 9494 9595 9696 9797 9898 9999 0000 0101 0303 0404 050522

    661010

    0202

    141418182222262630303434 Engineering ConstructionEngineering Construction

    Non-Residential BuildingNon-Residential Building

    0606

    3838

  • Westlink M7 Leighton Contractors

  • Mitcham-Frankston Freeway Thiess & John Holland

  • Regional Fast Rail Project Thiess

  • South Walker Creek Coal Mine Thiess

  • Darwin LNG Project Storage Tank Thiess

  • KENS Project Leighton Properties & Leighton Contractors

  • Viridian Noosa Leighton Properties & John Holland

  • Kempsey Prison John Holland

  • Waste Management Thiess

  • Market OutlookAsiaMarket OutlookAsia

  • Sangatta Coal Mine Thiess

  • Eagles Nest Tunnel Leighton Asia (Northern)

  • BlueScope Steel Coating Plant Leighton Asia (Northern)

  • Rawang-Ipoh Rail Leighton Asia (Southern)

  • ABK Loa Janan Coal Mine Leighton Asia (Southern)

  • Ability to DeliverAbility to Deliver

  • Spencer Street Station, Victoria Leighton Contractors

  • Spencer Street Station, Victoria Leighton Contractors

  • ConclusionConclusion

  • - Very positive outlook- We have strategy, diversity, financial

    strength and people- $12.5 to 13 billion work in hand forecast for

    June 2005- Opportunities still emerging- More normal profit for 2005

    - Very positive outlook- We have strategy, diversity, financial

    strength and people- $12.5 to 13 billion work in hand forecast for

    June 2005- Opportunities still emerging- More normal profit for 2005

  • Chief Executive Officer, Wal King AO

    Delivering on our potentialDelivering on our potential

  • - The total of valid proxies received for Resolution 1 is 191,490,041 being:

    181,771,031 for the resolution17,813 against the resolution

    8,681,377 to be voted at the proxys discretion

    1,019,820 have abstained

    - The total of valid proxies received for Resolution 1 is 191,490,041 being:

    181,771,031 for the resolution17,813 against the resolution

    8,681,377 to be voted at the proxys discretion

    1,019,820 have abstained

  • - The total of valid proxies received for Resolution 2.1 is 191,490,041 being:

    174,627,065 for the resolution8,053,884 against the resolution8,694,980 to be voted at the

    proxys discretion114,112 have abstained

    - The total of valid proxies received for Resolution 2.1 is 191,490,041 being:

    174,627,065 for the resolution8,053,884 against the resolution8,694,980 to be voted at the

    proxys discretion114,112 have abstained

  • - The total of valid proxies received for Resolution 2.2 is 191,490,041 being:

    174,704,646 for the resolution8,039,402 against the resolution8,681,480 to be voted at the

    proxys discretion64,513 have abstained

    - The total of valid proxies received for Reso