Lycopodium Limited 2008 Annual General Meeting Lycopodium Limited Annual General Meeting 2008
Lycopodium Limited 2008 Annual General Meeting Lycopodium Limited Annual General Meeting 2008 Operations Report Update
Lycopodium Limited 2008 Annual General Meeting CONTENT • 2008 Snapshot • Sector overview and Lycopodium’s status • Rebranding • HSE • Project update • Staff acknowledgment
Lycopodium Limited 2008 Annual General Meeting 2008 SNAPSHOT • 2008 was another strong year for Lycopodium with record revenues and earnings • The high level of activity within the resources sector has continued NPAT ($ millions) Revenue ($ millions) 12.4 14 140 120.5 12 104.64 120 8.89 10 100 84.15 7.59 68.97 8 80 5.67 6 60 4 40 2 20 0 0 Amount of Dividend (cents) 2005 2006 2007 2008 2005 2006 2007 2008 25 25 17.5 20 15 15 10.5 10 5 0 2005 2006 2007 2008
Lycopodium Limited 2008 Annual General Meeting OVERVIEW OVERVIEW • Engineering services sector growth has been strong for a number of years • Recent volatility and uncertainty in global financial markets, with declining commodity prices has led to a rapid softening in the minerals services sector • General chemical, manufacturing, pharmaceutical and industrial sectors remain challenging • Companies are reviewing operations and expansion plans, declining demand and access to funding delaying some plans • Long term effects of the global situation remain unclear
Lycopodium Limited 2008 Annual General Meeting OVERVIEW • Lycopodium’s previous level of activity continues, personnel numbers at ~750 • Rate of growth of further opportunities has slowed • Rio Tinto Iron Ore revising plans for their 320Mt expansion project, but continuing with projects that are part of their 220Mt expansion • Two smaller studies and an iron ore design package have been curtailed but collectively are not material to Lycopodium’s general activities
Lycopodium Limited 2008 Annual General Meeting OVERVIEW • Lycopodium’s strategies of diversification in client base, commodity, project and operational geography have positioned the company to be able to deal with these challenges • Directors and management remain focused • Lycopodium continues to operate without the need for debt • Strategy of organic growth has allowed the company to grow without inherent integration risk
Lycopodium Limited 2008 Annual General Meeting REBRANDING • Corporate rebranding launched in November 2008 • Change of name of some companies within the group - Lycopodium Minerals Pty Ltd - Lycopodium Minerals QLD Pty Ltd - Lycopodium Process Industries Pty Ltd • OMC, SUPL remain as before • Refreshed company image including office branding, stationery • New company website • New corporate logo:
Lycopodium Limited 2008 Annual General Meeting HSE • Lycopodium continues to deliver projects in a safe and environmentally responsible manner • Good HSE performance since last report
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Buzwagi Gold Project – Tanzania – Barrick Gold Corporation Construction continues with equipment installation, structural steel, electrical and instrumentation work ongoing
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Buzwagi Gold Project – Tanzania – Barrick Gold Corporation
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Kolwezi Tailings Copper/Cobalt Project – DRC – First Quantum Minerals Construction continues with tailings dam, general earthworks, concrete works, structural steel, and tankage in progress
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Kolwezi Tailings Copper / Cobalt Project – DRC– First Quantum Minerals
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Hope Downs Stage 2 – Western Australia – Rio Tinto Iron Ore Construction almost complete, commissioning underway
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Hope Downs Stage 2 – Western Australia – Rio Tinto Iron Ore
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Masbate Gold Project – Philippines – CGA Mining / Leighton Contractors Construction well advanced with commissioning 1Q2009
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Ravensthorpe, Kalgoorlie, Mt Keith & Leinster BHP Billiton Nickel West sites
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Tropicana - AngloGold Ashanti Concentrated Solar Power Plant Study, Western Australia
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Chirano Plant Upgrade – Ghana – Red Back Mining Site construction has commenced
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Sodium Hypochlorite Plant – Western Australia – Orica Chemicals Commissioning in progress
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Aircraft Component Repair Station – Victoria – Boeing Hawker de Havilland First phase complete
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE Varvarinskoye Copper/Gold Operation – Kazakhstan Three K Exploration & Mining
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE MOPU (Million Ounce Plant Upgrade) - PNG - Lihir Services Australia Engineering has commenced
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE • Ongoing upgrade projects for Yakult Australia in Victoria which include Bottle Storage Tank, Conveying System Stages 1 & 2 and the Seed Storage project • Design and supply of an inhibitor system for the Rio Tinto Aluminium Yarwun Stage 2 project has commenced
Lycopodium Limited 2008 Annual General Meeting PROJECT UPDATE • Maintenance Planning & Reliability Engineering Services to the Oil & Gas sector for clients including Woodside Energy and Chevron continues • Also, further assignments have commenced for an African copper/cobalt project for Freeport- McMoRan as well as services are being provided on an Australian gold project for Newmont Gold
Lycopodium Limited STAFF 2008 Annual General Meeting ACKNOWLEDGEMENT • The Board of Lycopodium extend their appreciation to all management and staff for their continued valued contribution towards the success of the company
Lycopodium Limited 2008 Annual General Meeting Thank You
Lycopodium Limited 2008 Annual General Meeting Lycopodium Limited Annual General Meeting 2008 Questions
Lycopodium Limited 2008 Annual General Meeting Lycopodium Limited Annual General Meeting 2008 Appendix : Share Price Information
Lycopodium Limited 2008 Annual General Meeting Share price performance 3 year share price performance 12 month share price performance 500 200 450 180 400 160 350 140 300 120 250 100 200 80 150 60 (46% ) 24% (47% ) 6% (55% ) 6% 100 40 (27% ) (68% ) (32% ) (72% ) 50 20 0 0 Nov-05 May-06 Nov-06 May-07 Nov-07 May-08 Nov-08 Nov-07 Feb-08 May-08 Aug-08 Nov-08 S&P ASX 300 S&P ASX 300 Industrials S&P ASX 300 S&P ASX 300 Industrials Engineering, Consulting & Construction Services Engineering & Consulting Services Engineering, Consulting & Construction Services Engineering & Consulting Services Lycopodium Lycopodium Source: Bloomberg as at 21/11/2008 / Ernst & Young
Lycopodium Limited 2008 Annual General Meeting Share price performance 1 month % change in share price 3 month % change in share price 12 month % change in share price (78) (59) (87) (75) (48) (81) (45) (67) (81) (43) (64) (74) (42) (59) (74) (38) (52) (61) (49) (32) (61) (24) (45) (60) (21) (36) (55) (21) (30) (54) (80) (60) (40) (20) - (100) (80) (60) (40) (20) - (100) (80) (60) (40) (20) - 1 month % change 3 month % change 12 month % change Engineering, consulting and construction services Engineering and consulting services Lycopodium Source: Bloomberg as at 21/11/2008 / Ernst & Young
Recommend
More recommend
