FY2012 DISCLAIMER AND IMPORTANT NOTICE 2 Information, including - PowerPoint PPT Presentation

INVESTOR PRESENTATION FULL YEAR RESULTS FY2012

DISCLAIMER AND IMPORTANT NOTICE 2 Information, including forecast financial information in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities of other instruments in NRW Holdings Limited or any other company. Due care and attention has been used in the preparation of forecast information. However, actual results may vary from forecast and any variation may be materially positive or negative. Forecasts, by their very nature, are subject to uncertainty and contingencies may occur which are outside the control of NRW Holdings Limited. Before making or varying any decision in relation to holding, purchasing or selling shares in NRW Holdings Limited, 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. All currency is denominated in Australian dollars.

YEAR IN REVIEW 3 FINANCIAL HIGHLIGHTS • Revenue of $1.358 billion: 82% increase on FY11 • EBIT of $154.0 million: 138% increase on FY11 • EBIT Margin increased from 8.6% to 11.3% • NPAT of $97.1 million 136% increase on FY11 • NPAT Margin increased from 5.5% to 7.1% • Conservative Net debt / Equity position of 18% • Cash balance $138 million 95% increase on FY11 • Final dividend of 10 cents fully franked, totalling 18 cents for full financial year.

YEAR IN REVIEW 4 STRATEGIC AND OPERATIONAL HIGHLIGHTS • Awarded first oil and gas contract at Wheatstone Project • 60% of civil contracts negotiated with key clients • Work completed under 2 year Special Services Agreement signed with BMA (Queensland) • In-house concrete delivery accounted for 20% of Civil revenue • Order book of $2.0 billion (excludes Framework and ECI projects) • Awarded 3 year extension to services contract at Simandou • Significant increase in scale and capability across all divisions: Civil Division increased revenue by 91% Mining Division increased revenue by 69% Drill & Blast increased revenue by 307% AMS increased revenue by 65%

SAFETY AND TRAINING 5 PERFORMANCE Safety The recently introduced company wide Safety 8,000,000 40 Program, ‘A safe day, every day’ has increased engagement and awareness across all levels of 7,000,000 35 the business. • Lost Time Injury Frequency Rate (LTIFR) 6,000,000 30 currently at 0.64 (62.7% improvement from 1.8 in FY2011). 5,000,000 25 • A corresponding decrease in Total Recordable Case Frequency Rate achieved, currently 4,000,000 20 at 5.22, (53% improvement from a TRIFR of 10.94 in FY2011). 3,000,000 15 Training An increase in employee HSE training along with 2,000,000 10 the sustained focus through ‘A safe day, every day’ will continue to drive continuous 1,000,000 5 improvement. NRW has enhanced its training portfolio and is 0 0 geared to delivering more HSE training to all FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 employees in 2013 and beyond. Man hours LTIFR (Lost Time Injury Frequency Rate) TRIFR (Total Recordable Injury Frequency Rate)

OUR PEOPLE 6 NRW EMPLOYEES 2007–2012 5,000 4,500 • As of 30 June 2012 NRW employed a workforce in excess 4,000 of 4,592*. 3,500 • Continued focus on attraction and 3,000 retention of talent, including 2,500 project based and corporate 2,000 personnel. 1,500 • NRW’s Indigenous workforce participation remains strong with 1,000 an Indigenous workforce of 8.2%. 500 0 June 30 June 30 June 30 June 30 June 30 June 30 2007 2008 2009 2010 2011 2012 *Employees includes direct employees, subcontractors and apprentices

KEY FINANCIALS 7 CONTINUED REVENUE CONTINUED EBITDA $m's GROWTH GROWTH $m's 200 1,400 1,200 150 1,000 800 100 600 400 50 200 0 0 FY07 FY08 FY09 FY10 FY11 FY12 FY07 FY08 FY09 FY10 FY11 FY12 1st Half 2nd Half 1st Half 2nd Half REDUCED NET DEBT / SHAREHOLDER EQUITY EQUITY GROWTH $m's 80% 350 70% 300 60% 250 50% 200 40% 150 30% 100 20% 50 10% 0% 0 FY07 FY08 FY09 FY10 FY11 FY12 FY07 FY08 FY09 FY10 FY11 FY12

CIVIL OVERVIEW 8 • Revenue increase by 91% on FY2011 • Current workforce of 2,196 employees • Ongoing geographic diversification, particularly QLD (BMA and Dugald River) • 60% of civil contracts negotiated based on reputation with key clients • Awarded first major Oil & Gas project on the Wheatstone Project • Successful expansion of concrete capability to 20% of Civil revenue • First Government infrastructure project progressing well - Great Eastern Highway Upgrade (Alliance with Leighton/GHD) • Continued safety performance improvement: TRIFR of 4.0 • Successful recruitment of highly skilled workforce in difficult labour market conditions complemented by industry leading retention of 90% amongst civil staff • Indigenous employment of 10% • Total Civil Fleet (Heavy Equipment): 657 items

CIVIL – PROJECTS AWARDED IN FY12 9 Major contracts and contract extensions awarded during the period included: • Main Line Rail Duplication – Fortescue • Herb Elliott Port (Anderson Point) – Fortescue • Dugald River Early Works – Minmetals Resources Ltd (MMG) • Special Services Agreement for 2 years – BMA • Wheatstone Access Roads – Bechtel • Cape Lambert Car Dumper Bulk Earthworks – Rio Tinto Iron Ore • Western Turner Syncline Civil / Concrete Works – Rio Tinto Iron Ore • Boolgeeda Aerodrome - Rio Tinto Iron Ore • Port Hedland Inner Harbour Project – BHP Billiton Iron Ore • Solomon Spur – Fortescue

MINING OVERVIEW 10 • Revenue increase by 69% on FY2011 • Current workforce of 1,643 employees • Commenced extensive pre-mining development works and Tailings Dam construction at Solomon Hub for Fortescue • Ongoing operations at Christmas Creek and Western Turner Syncline. • Performance at Middlemount below expectations due to unseasonal weather conditions in second half. • Indigenous Joint Ventures continuing to expand with Indigenous employment remaining a key focus. Indigenous employees currently represent 28% of Western Turner Syncline workforce. • Continued improvement in safety performance: TRIFR now at 6.13, down from 10.47 at the end of FY11 • Total Mining Fleet (Heavy Equipment): 383 items

MINING – PROJECTS AWARDED IN FY12 11 Contracts awarded and extensions during the period include: • Solomon pre-mining development works – Fortescue • Solomon Tailings Dam - Fortescue • Extensions at Christmas Creek – Fortescue • 3 year extension Simandou contract – Simfer SA

ACTION DRILL & BLAST OVERVIEW 12 • Action Drill & Blast has experienced exceptional growth with a 307% increase in revenue to $113.1 million from $27.8 million in FY11. • Operates in 3 primary units, Mining, Civil and Coal in WA, SA, NT and QLD. • Expansion in the Queensland coal market with a new blasting contract at Millennium for Peabody and a second drill being utilised at Gregory Crinum. • Maintained an exceptional safety performance with TRIFR of 1.59, an improvement from last financial year (FY11: 5.68 ) • Current workforce of 350 employees, up from 190 at the end of FY11, and a fleet of 36 drills. • Currently has 11 contracts in Western Australia and 4 in Queensland. • The largest operation is at Solomon Hub Project where there are over 100 employees and 8 drills.

ACTION DRILL & BLAST FY12 PROJECTS 13 External projects undertaken and awarded during the period included: • Greenbushes – Talison Lithium • Christmas Creek (Drill Only) – Downer • South Middleback Ranges – HWE • Karara DSO – Karara Mining • Fortescue Rail - Summit North & South & Cloudbreak – Brierty • CLASCO – Macmahon • West Angelas Power Station – Cimeco • Gregory Crinum – BMA • Millennium Shot Crew - Peabody Energy

ACTION MINING SERVICES OVERVIEW 14 • Action Mining Services provides repairs, refurbishment to all brands of earthmoving and mining equipment. A comprehensive mechanical repair and rebuild facility, sand blasting, painting, boiler making repair and fabrication services are offered. • Revenue growth in the 2012 financial year was excellent with revenue of $46.6 million, up 65% from the previous financial year (FY2011:$28.2m). • A separate fabrication and assembly shop is also on the premises where service and water tanker fabrication is undertaken. These products are fully mine site compliant and marketed to resources, hire and mining services companies. • Increased demand allowed increased production of Support Vehicles to match demand and alongside improvements to efficiency, enabled improved delivery lead times.

ACTION MINING SERVICES 15 HIGHLIGHTS • Support vehicle sales outperformed, with units sold exceeding forecast budget by 64%. • The 200th Water Tank was invoiced in May with the 100th Service Module due to come off the production line in August 2013. • Staff increased by 17% to 145 employees • Development of apprentices continues to be a focus with the first two years completed at AMS before they rotate through various NRW sites to gain practical site experience.

PROJECT LOCATIONS 16

17 FINANCIAL RESULTS FY2012