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Clough Presentation Euroz Conference 5 March 2013

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Agenda

2

2. Strategy Update

4. Outlook

3. Operational Performance

1. Group Highlights

5. Questions

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FY11 FY12 HY13 H2 25.6 32.6 H1 24.0 18.1 43.2

FY10 FY11 FY12 HY13 H2 18.8 18.2 24.4 H1 17.6 17.6 12.8 38.0

FY10 FY11 FY12 HY13 H2 335.9 355.1 539.8 H1 252.7 427.4 465.7 660.3

HY10 HY11 HY12 HY13 HY 1266 1328 1865 2501

FY11 FY12 HY13 H2 3.3 4.2 H1 3.1 2.4 5.6

HY11 HY12 FY12 HY13 H1 68.5 125.8 146.5 177.4

$ million

Total revenue from Clough operations(1) $660.3 million

$ million

Underlying EBIT from Clough operations(1) $38.0 million

$ million

Improved Results

Cash Holdings $177.4 million

Order Book(1) $2.5 billion

NPAT from continuing

$ million

Basic EPS from continuing operations 5.6 cents

cents $ million

(1) Revenue, Underlying EBIT and Order Book excluding Discontinued Operations and Forge

at 31 December 2012

- - -

-

operations(1) $43.2 million

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2. Strategy Update 4

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Business Model

Engineering Commissioning and Asset Support Capital Projects Jetties and Near

Shore Marine

Projects

4 Business Divisions

WA / NT QLD PNG 3 Regions

Mining & Minerals Energy & Chemicals

Upstream, downstream, offshore, onshore, oil, gas and LNG and petrochemicals markets

Iron ore, coal, precious and other metals markets

2 Market Sectors

5

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Performance focus

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Focus Action

1. Delivery Excellence in execution and contract delivery

Productivity initiative Improved project management capability Alignment of contract terms

2. Cost efficiency Reduction of cost base to improve profitability

FY13 on track to deliver >$10 million sustainable savings Activities aligned with 4+2+3 Office densification Ongoing initiatives, systems, office accommodation, high value

engineering centre

3. Diversification Contract and portfolio diversification

77% contracts in order book cost reimbursable Mining and Minerals market entry – Wafi Golpu New Horizons

4. Growth Organic and acquisitive

Profit growth across all business divisions e2o acquisition completed 31 January 2013 Flexibility to pursue growth options

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e2o Acquisition

Leading Australian contractor providing highly specialised commissioning services to the energy and resources sectors

Independent and integrated commissioning services to clients

Strong position in LNG sector. Contracts: – Chevron Wheatstone Hook-up and

Commissioning – Origin APLNG – Santos Gladstone LNG

Excellent outlook - major LNG projects moving from construction to operations

Supports growth strategy for Commissioning and Asset Support business

Seamless transition from construction to operations – flawless start-up

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Acquisition Details $9m cash paid on completion

$5m cash and shares payable over a 3 year period, subject to certain performance criteria

Expected to be EPS accretive in first full year of ownership

Approximately $40M revenue / $5M EBIT expected in FY14

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Productivity

Clough will differentiate on productivity

Short Term Operating Committee established to provide

operational governance and enable early detection and rectification of productivity issues

Increased project reporting against productivity metrics and targets

Project remuneration aligned with productivity targets

Systems review – process and technology solution to provide transparency on productivity (real time)

Longer Term Cultural change – continuous improvement

culture, productivity and financial performance focus 8

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Strategic Growth

Horizon 2 – Leverage capabilities (2-5 years) Grow Mining and Minerals Create platform for international expansion Develop specialist engineering service offering Develop business in new sectors Broaden geographic footprint

Horizon 1 – Establish foundation for growth (1-2 years) Performance focus: Delivery, cost efficiency, diversification Grow Engineering and Commissioning and Asset Support Harvest CSG/LNG expertise Expand engineering capability and expertise into Mining and Minerals Establish low cost engineering centre

Valu

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Time 9

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3. Operational Performance 10

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2008 2009 2010 2011 2012 Clough TRIFR 3.63 3.99 3.79 2.89 2.02

2008 2009 2010 2011 2012 Clough LTIFR 0.64 0.45 0.33 0.18 0.08

Safety Performance

Safety performance continues to improve

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LTIFR safety performance 0.08 per million work hours

TRIFR safety performance 2.02 per million work hours

LTIFR 0.08, down 55% APPEA: 1.03

TRIFR: 2.02, down 30% APPEA: 5.35

Outstanding performance in PNG: 21 million work hours LTI free on C1 and EPC4

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2010 2011 2012 HY 3,373 4,541 5,328

People

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workforce 5,328 people

people

2012 5,328

Continuing to strengthen leadership capability with key appointments: – Rick Robinson, Executive Vice President

Projects

– Geoff Bird, Vice President Strategy and Business Development

– Peter Hayward, Vice President Health, Safety and Environment

– Bill Antonace, Vice President Supply Chain Management

My Pursuit of Excellence Talent Management System launched 8 October 2012

New remuneration standard launched to align remuneration with operational objectives and strategic imperatives F

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Current Projects

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Client: Apache Energy Location: Varanus Island, Western

Australia Scope: Detailed Engineering and

Procurement services for new modular plant inlet compression facilities on Varanus Island.

Status: E&P services 25% complete Major packages awarded Module layouts defined HAZOP completed

Engineering: Apache Varanus Island Compression Project

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Client: CSBP Limited Location: Kwinana, WA JV: Downer Clough Scope:

EPC for the Nitric Acid Plant and Ammonium Nitrate Plant Number 3 (NAAN3)

Contract awarded after successful completion of ECI phase.

Status: 40% complete Construction handover October

2013 Pre-commissioning completion

November 2013 Final Handover early 2014 15

Capital Projects: NAAN3 EPC Project

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Client: Fluor Location: Fairview, Queensland JV: Clough Downer Duration: 2011 - 2014 Scope:

425km gas and water transmission pipelines, two hub compression stations, six water storage dams, two 400-person camps

Civil, structural, mechanical, piping, electrical and instrumentation

Expansion of the existing Fairview compression facilities

Status: Anticipated completion early 2014

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Capital Projects: GLNG K128 Upstream Facilities

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Client: Chiyoda JGC Joint Venture Location: Gulf of Papua JV: BAM Clough Scope:

EPC for marine LNG/condensate export facility

Structure consists of 2.4km approach trestle, sub-station and loading platforms, 4 breasting dolphins, 6 mooring dolphins and navigational aids

Peak workforce 500 Status: Approaching final handover to client

Jetties and Near Shore Marine: PNG LNG Jetty EPC

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Client: JKC Australia LNG Location: Darwin, Northern

Territory, Australia JV: BAM Clough Duration: 2012 - 2014 Scope: Design and construct contracts for the

Ichthys Product Loading Jetty and Module Offloading Facility (MOF)

Peak workforce 250 (Jetty) and 130 (MOF)

Status: MOF: Design complete, procurement

80% complete

JETTY: Design and procurement in progress

Both MOF and Jetty teams have commenced mobilisation for construction phase

Jetties and Near Shore Marine: Ichthys LNG Product Loading Jetty and MOF

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Client: Chevron Location: 200km north of

Onslow, offshore North Western Australia

Scope: Onshore preparation and

commissioning in Korea Offshore hook-up and

commissioning Wheatstone Processing Platform, one of Australia’s largest facilities, at 37,000t

Status: Project team mobilised in

Perth, including all commissioning engineers

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Commissioning and Asset Support: Wheatstone Offshore Hook-up and Commissioning

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4. Outlook 20

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New Contracts Since 30 June:

– QGC QCLNG Compression Stations 8 + 2 – Stage 1

– MMJV Wafi-Golpu Construction Management for Early Works

– Pearl Manora Platform Fabrication

– Chevron Engineering Services Contract Extension

– Apache Energy Varanus Island Compression Upgrade

Near Term Opportunities

– ExxonMobil C1 Work Orders

– Arrow Energy Upstream FEED

– QGC QCLNG Compression Stations 8 + 2 – Stage 2

– Bechtel Wheatstone GTG Domgas, and OSBL (2 scopes)

– Longer term Commissioning and Asset Support opportunities

Notes: (1) After adjusting for revenue to 31 December 2012 (2) Includes order intake 1 July to 31 December 2012, plus reassessment of current contracts (3) Excludes Forge

Order Book

30 Jun 2011 30 Jun 2012

31 Dec 2012

$1,250m

$2,338m $2,501m

Order Book Over Time(3)

2012/13 to go 2013/14 2014/15

2015/16 &

beyond

$710m $1,017m

$594m

$179m

$19m

$65m

$115m

$70m

Secured Revenue By Year of Delivery(3)

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Order book at record levels Improved contract mix: 77% cost reimbursable contracts

(1)(2) (1)

Likely near term growth – existing contracts

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Outlook

Secured revenue FY13: $1.37 billion, FY14: $1.0 billion (ex Forge)

Minimum EBIT margin (ex Forge) FY13 and FY14: 5.5%

Longer term EBIT margin target: 7%

Robust tender pipeline

Strong balance sheet and cash position – flexibility to pursue growth options

Continued focus on improved performance, execution excellence and productivity

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Disclaimer

The information in this presentation:

Is not an offer or recommendation to purchase or subscribe for securities in Clough Limited or to retain any securities currently held.

Does not take into account the potential and current individual investment objectives or the financial situation of investors.

Was prepared with due care and attention and is current at the date of the presentation.

Actual results may materially vary from any forecasts (where applicable) in this presentation.

Before making or varying any investment in securities in Clough Limited, all investors should consider the appropriateness of that investment in light of their individual investment objectives and financial situation and should seek their own independent professional advice.

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5. Questions 24

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