FINANCIAL PERFORMANCE

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4 FINANCIAL PERFORMANCE Revenue Significant second half improvement Overall, another strong year of growth with revenue up by 13% H1 H2

5 FINANCIAL PERFORMANCE 35 EBIT EBIT increase of 14% Near flat underlying operating costs Ongoing commitment to improving operating efficiency and productivity H1 H2

6 FINANCIAL PERFORMANCE NPAT Net Profit down 2.6% due to increased net interest costs from Stewart Weir acquisition H1 H2

7 HIGHLIGHTS In September we completed the acquisition of Stewart Weir in Alberta, Canada Extends our capabilities and presents strong cross-selling opportunities

8 HIGHLIGHTS Centre of oil & gas, industrial and utilities sectors Adds critical mass in Canada boosting capability Delivered $3.4m EBIT in final quarter Strong pick up expected from May/June

9 HIGHLIGHTS Shortlisted for the FIDIC Engineering Firm of the Century Award Merit Award for Major Civil Engineering Projects of the last 100 years Strong recognition of the expertise, dedication, enthusiasm and talent of our people

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11 NEW ZEALAND Overall revenue increase of 1% EBIT down 12% impacted by one off costs Underlying EBIT only down 2%

12 NEW ZEALAND Secured a number of strategic commissions including: NZ Transport Agency Roads of National Significance projects in the Waikato Transport Asset Development projects in Fiji and PNG

13 NEW ZEALAND Energy sector professional services agreements with all four major energy generators Strong focus on irrigation, including Central Plains Water

14 CHRISTCHURCH 225 staff engaged on rebuild projects including staff from the UK and Australia Part of the consortium designing the new Justice and Emergency Services Precinct a significant part of the Christchurch Central Recovery plan

15 CHRISTCHURCH Lead consultant on the Avon River Precinct Secured work on the first stage of the Catholic Cathedral project Ongoing work with Port Lyttelton

16 AUSTRALIA Challenging year in Australia $1.6m improvement in EBIT The Wheatbelt project, flood recovery work, and opportunities with Opus Rail underpin our core performance Conditions expected to stay difficult

17 AUSTRALIA A new advanced, globally aligned rail systems team Next phase of dilapidation surveys for the North West Rail Link tunnel Preferred consultant for the first phase on the Gilbert River Irrigation Scheme in Queensland

18 AUSTRALIA A small but strategic acquisition in purchasing Bowdens Group in NSW Broadens capability and access to key clients

19 CANADA AND NORTH AMERICA Very strong year in Canada EBIT up $2.7m excluding one-offs Better positioned to compete with the big Canadian consultancies Significant contracts with new clients

20 CANADA AND NORTH AMERICA Two new Asset Management contracts: North Carolina Department of Transportation and Wisconsin Department of Transportation Real growth opportunity for this expertise in the US market

21 UNITED KINGDOM Substantial improvement in recent years Revenue up 60% to $39.2m EBIT increased by $1.2m First full year of the Hertfordshire County Council contract A strategic project win with Network Rail

22 INVESTING IN GROWTH Continued investment in business improvements to boost profitable growth and market position Structural changes to enhance people capabilities and productivity Streamlined our rewards and recognition framework to promote a high performance culture

23 HEALTH AND SAFETY YEAR Days lost per 100,000 days Harm Incidents per 1m hours worked Lost time incidents (LTI) per 1m hours worked Continued our efforts to achieve zero harm in our workplaces Completed a Safety Climate Indicator Survey Established the Board Health and Safety Committee

24 INVESTING IN GROWTH Ongoing investment in IT with strong efficiency and productivity gains Completed our transfer to an integrated network Working towards seamless communication across the business

25 INVESTING IN GROWTH Through MENA we are establishing new companies in Saudi Arabia and the UAE Our Global Asset Management team delivered significant contract wins in the US, Liberia and Mozambique

26 LOOKING FORWARD Challenging outlook, but opportunities are there Growth in the UK and oil & gas in Canada, although Australia remains a tight market New Zealand forecasts are positive especially in Auckland and Canterbury Moving the business forward through sustainable and profitable growth and improvement across the company

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