Coffey International Limited Photo by James Ball - www.dlscape.com RBS Morgans QLD Institutional Conference Presentation 12 October 2012
A Turnaround in Progress….A Three Year Journey September 2009 John Mulcahy appointed Non-executive Director October 2010 Susan Oliver appointed Non-executive Director November 2010 John Mulcahy appointed Chairman March 2011 John Douglas commenced as Managing Director Guy Cowan and Leeanne Bond appointed Non-executive Directors February 2012 Urs Meyerhans appointed Finance Director November 2012 Guy Cowan will chair a combined Risk and Audit Committee COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 2
A Turnaround in Progress – FY 2012 Three Priorities Stability – Remove complex and expensive organisational structure – Exiting of non-core businesses – Completed a $40 million capital raising – Strengthening the balance sheet – managing overhead and working capital – Reduce staff turnover Diversity – Focus on our strengths and values – Geosciences, International Development and Project Management – Diversity of revenue streams, locations and markets Growth – Grow organically within our existing geographic footprint COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 3
Continuing to Build the Management Team Geosciences COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 4
Portfolio Review Complete June 2011 LA Environments divested July 2011 Commercial Advisory closed September 2011 Middle East Project Management closed February 2012 Rail sold for $9.0 million Ongoing Running off existing STA* projects with reduced overheads * Specialist Training Australia COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 5
Focused on Three Key Businesses Exposed to Good Diversified Sectors Geosciences International Development Project Management Government Government Private Infrastructure Mining Oil & Gas Aid Property Property COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 6
Geosciences – Our Largest Business FY2012 Revenue $265m – 13% increase Employees 1,950 FY2012 EBITDA $29.5m – 30% increase Employee numbers increased by 15% Diversity of revenue streams, locations and sectors Over 2,000 clients worldwide Number of Projects 4,000+ Diversity to deliver robust earnings Fee Revenue by Region Fee Revenue by Sector FY2013 Contracted Fee Revenue APAC 85% 1 July 2012 $101m Americas 10% Africa 3% Europe & Middle East 2% COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 7
International Development FY2012 Revenue $111.4m Employees (including contractors) FY2012 EBITDA $14.8m 1,600 Stable earnings from government-based clients and donor agencies Operates from three hubs: Australia, USA and UK Delivering projects in more than 80 countries Number of Projects 200 Well positioned for stable profits Fee Revenue by Region FY2013 Contracted Fee Revenue 1 July 2012 $90m COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 8
International Development – Stable Diversified Clients Fee Revenue by Region Impact of Tatweer Project $ million COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 9
Project Management FY2012 Revenue $36.8m Employees Focused on Australia, NZ and Africa 200 Exited the Middle East Increased bias to Government projects Carefully managed business to produce break-even results Number of Projects 300+ Well positioned for the property cycle recovery Fee Revenue by Region Fee Revenue by Sector FY2013 Contracted Fee Revenue 1 July 2012 $20m COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 10
Improved Key Indicators * Underlying EBITDA — EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) before restructuring costs, impairment, and vendor earn-out COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 11
Financial De-Risking Net Debt/ EBITDA = 3.75 COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 12
Safety Performance Remains on Track Coffey LTIFR* (12 month rolling average) July 2010 to September 2012 5.00 4.50 4.44 4.00 3.50 3.00 2.50 2.00 2.00 1.67 1.82 1.50 1.00 0.50 0.00 LTIFR LTIFR External Safety Benchmark *LTIFR = Lost Time Injury Frequency Rate COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 13
Staff Turnover Continues to Fall 13% 4% 1% Target February 2011 to September 2012 Staff turnover significant cost to the business ~ $5 million COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation
Looking Forward Significant progress – turnaround remains on track Three good businesses with diversified revenue streams FY13 operational improvement and efficiency Disciplined organic growth inside the existing geographic footprint Drive to improve our market positioning both with our clients and with our employees AGM Tuesday 16 October – trading update on Q1 COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 15
Disclaimer The material in this presentation is a summary of the results of Coffey International Limited (Coffey) for the 12 months ended 30 June 2012 and an update on Coffey’s activities and is current at the date of preparation, 12 October 2012. Further detai ls are provided in the Company’s full year accounts and results announcement released on 8 August 2012. No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information contained in this presentation, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in the presentation (“forward - looking statements”). Such forward -looking statements are by their nature subject to significant uncertainties and contingencies and are based on a number of estimates and assumptions that are subject to change (and in many cases are outside the control of Coffey and its Directors) which may cause the actual results or performance of Coffey to be materially different from any future results or performance expressed or implied by such forward-looking statements. This presentation provides information in summary form only and is not intended to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Due care and consideration should be undertaken when considering and analysing Coffey’s financial performance. All reference s to dollars are to Australian Dollars unless otherwise stated. To the maximum extent permitted by law, neither Coffey nor its related corporations, Directors, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. This presentation should be read in conjunction with other publicly available material. Further information including historical results and a description of the activities of Coffey is available on our website, coffey.com Photos owned by Coffey or Coffey employees and permission is provided . COFFEY INTERNATIONAL LIMITED - RBS Morgan QLD Institutional Presentation 16 16
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