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Phil GuyNomad Building Solutions Ltd
ASX Mid to Small Caps
Conference
15th – 17 October 2008
Hong Kong
This presentation has been compiled by Nomad Building Solutions Ltd from sources it believes to be reliable. However it is not warranted as to its completeness or accuracy.
This presentation is not an offer to sell or a solicitation to buy any securities.
As it is prepared for general circulation, all readers must use their own judgment and seek their own advice before relying on anything in this presentation.
DISCLAIMER
HIGHLIGHTS SINCE ASX LISTING OCTOBER HIGHLIGHTS SINCE ASX LISTING OCTOBER 20062006
CAGR (Revenue & NPAT) approx 90% to FY2008
CAGR (Revenue & NPAT) approx 68% to FY2009
Guidance
Three successful and integrated acquisitions
Completion of Long-term Strategic Business Plan
Strengthening of Board & Executive Management
Growth in all sectors
Transformed into diverse Services & Solution
provider
WESTERN AUSTRALIA
QUEENSLAND
2006 2007 2008 Guidance 2009
PROFITRevenue $M 92.8* 209.0 336.5 436.0
EBITDA $M 12.2* 29.4 45.1
Net Profit $M 7.1* 16.6 24.6 33.0
Earnings per share (normalised) *** 15.9 cents 19.7 cents 24.2 cents
BALANCE SHEETTotal Equity $M 11.2 58.9 119.1
Gross Debt $M 4.2 28.7 38.3
Net Debt $M 1.7 14.8 16.1
Net Debt to Equity 14.8% 25.2% 13.6%
CASH FLOWCash Flow from Operations $M ** 24.7 32.5
MARKET INFORMATIONShares on Issue No *** 116,466,124 135,273,708
Share price at 30 June *** $2.69 $1.75
Market capitalisation at 30 June $M *** 313.3 236.7
PE Ratio (based on $1.30 share price 08/10/08) *** 8.2 times 6.6 times 5.4 times
Dividends per share *** 7.5 cents 9.5 cents
Share Price : High *** $2.72 $3.40 $1.95
Share Price : Low *** $1.40 $1.58 $1.15
Notes:* 2006 Revenue and Profit based on full year of Nomad business. ** Company formed in December 2005. *** IPO and ASX listing in October 2006.
Mr Allen was Managing Director and Deputy Chairman of Multiplex Constructions Pty Ltd from 1989 to 2003.
Geoffrey Allen Phil Guy
Mr Guy, Managing Director – has over 30 years experience in the building, resources and construction industries within Australia and overseas.
Mr McGrath, Executive Director & CEO McGrath Homes/Halley Homes – has 28 years experience with McGrath Homes including the last 16 as Managing Director.
Wayne McGrath
Mr Blair, Non-executive Director – has held senior finance and accounting roles in public companies associated with the resource sector for over 25 years.
Richard Blair
Mr Slaughter, Non-executive Director – has over 40 years experience with the Australian and international resource and related manufacturing sectors.
Mr Abery has experience in senior management roles including CEO and Managing Director of such companies as HPM Industries, Crown Castle Australia, Vodafone Network and OPSX Communications.
Peter Slaughter Peter Abery
Alan Thomas
Mr Thomas, Executive Director & CEO Rapley Wilkinson Pty Ltd – is a registered builder with nearly 30 years experience in construction and property development.
TourismRetirementHousingLeisure
ResourcesOil & Gas
CommercialIndustrial
Education
InfrastructureConstruction
GovernmentIndigenous
Developers
MARKETS
CampsVillages
Park HomesHouses
HotelsResortsOffices
Classrooms
RecreationalRestaurantsTaverns
PRODUCTS & SERVICES
Sale
Hire
Lease
BOO
BOOT
VIA
Switch roomsSubstationsWarehouses
RefurbishmentMaintenanceInstallationCivil/InfrastructureConsultingProperty/Project
Management Services
Modular constructionHire
Housing (modular)Park homes
(modular)PROPERTY
DesignEngineeringFeasibilityFundingApprovalsProject
managementPlanning
On-site construction
Civil/infrastructureRefurbishmentsOn-site housing
LabourConstraints
Group has strong longstanding contractor workforce
Group has access to additional tradesGroup has fair and reasonable remuneration
Margin pressure
Group is adopting “rise and fall” into longer term contacts
Group has tightened up its payment terms
Inflation/contingency priced into projects
Industry Exposure
Very little exposure to Junior Mining Projects
↑ in market sectors diversity
Project delays No projected impact for FY2009
CapacityPreparation for planned expansion already completed
Planned expansions will underpin foreseeable future
Ability to ramp-up further capacity if required
Relationships greater than 10 years
Relationships between 5 – 10 years
Relationships less than 5 years
Introduce Lifestyle & Rapley Wilkinson into Queensland
Growth into South Australia
Planned capacity expansions
Benefits from Strategic Plan
Benefits from Research & Development
Benefits from Group Procurement
Continued growth of Hire Business
Leverage increased global acceptance of modular
RIO state “recent developments have not changed the fundamentally strong outlook for commodities”. “Fluctuations in growth does not impact their expectations of growth in 2009 & beyond.”
BHP & RIO to triple iron ore production 2007 – 2015
RIO to double thermal coal production by 2015
Multitude of large/sustainable projects in pipeline
(refer RIO/BHP websites)
Value of Resources Projects in WA alone as definite projects (as of 30/6/08) has increased by $70.4billion over the past year
Federal government fast tracking $billions in infrastructure projects
WA National Party (Balance of Power) looking to provide 2000 regional homes (factory built) to house government regional workforce.
WA National Party to introduce “Bush change” first home owners grant to regional areas of $25,000
WA National Party to implement “Royalties for Regions”, approx $700million of projects to regional WA
Australia’s population ↑ of 55+ age group to increase by ↑ 3.2million over next 20 years
Sources:1. BHPB Presentation, September 2008 2. Energy and Minerals Seminar 25/07/2008 3. West Australian News 1/10/20084. The Australian 24/09/2008 5. Access Economics – June 2008 6 – 8 www.nationalswa.com, webpage – October 20089. Productivity Commission Report – 24/03/2005 10. Management/R&D Research
Future Projects FY2009 Future Projects FY2009 →→ BeyondBeyondSECTOR SIZE INDUSTRY VALUE
Project Housing Approx. 3,000 homes $1 - $2 billion
Resources 30 projects $1 - $2 billion
Oil and Gas 9 projects $1 - $3 billion
Resorts 10 projects $0.3 - $1 billion
Lifestyle 15 projects $0.2 - $0.5 billion
Tourism 12 projects $0.1 - $0.2 billion
Notes:Utilising investment monitor, access economics, company feasibility and management estimates.