PRELIMINARY FINAL REPORT

Transcription

1 PRELIMINARY FINAL REPORT AUGUST 2003

2 PRESENTATION OUTLINE Results highlights Financial statements Group strategy Australian market outlook Asian market outlook

3 RESULTS OVERVIEW

4 FINANCIAL HIGHLIGHTS Jun 03 Jun 02 % $m $m change Total revenue 5,620 5,275 7 New contracts, extensions & variations 6,802 5, Value of work in hand 9,662 8, Operating profit before tax (8) Operating profit after tax (17) Dividends per ord share

5 $m WORK IN HAND at 31 December at 30 June 93/4 94/5 95/6 96/7 97/8 98/9 99/00 00/1 01/2 02/3

6 FINANCIAL STATEMENTS

7 $m 6000 TOTAL REVENUE /4 94/5 95/6 96/7 97/8 98/9 99/00 00/1 01/2 02/3

8 $m 200 PROFIT AFTER TAX /4 94/5 95/6 96/7 97/8 98/9 99/00 00/1 01/2 02/3

9 FINANCIAL POSITION Jun 03 Jun 02 Cash ($m) Total assets ($m) 2,146 2,318 Gross debt ($m) Net cash ($m) Members equity ($m) Return on equity (%) Return on assets (%)

10 OTHER KEY STATISTICS Jun 03 Jun 02 Ratios profit before tax/ 4.4% 4.6% sales revenue EPS NTA $3.10 $2.83 Depreciation $302m $308m

11 GEOGRAPHIC SPLIT Jun 03 Jun 02 $m $m Total revenue Australia/Pacific 4,577 3,964 Asia 996 1,225 Americas Profit before tax Australia/Pacific Asia Americas (17) 9

12 GROUP STRATEGY

13 GROUP STRATEGY Geography Brands Markets/ Products Delivery Systems

14 $m LEIGHTON REVENUE VS AUST CONST MARKET Thiess Indonesian Leighton starts coal projects Eastern Distributor Tollroad Thiess John Holland coal projects acquisition Leighton telco projects PRL WSO KENS $bn Leighton Revenue Aust Const Market

15 STRUCTURED FOR GROWTH HOCHTIEF (50.3%) Leighton Holdings Other (49.7%) 100% owned 100% owned 70% owned 100% owned 100% owned 100% owned Thiess Roger Trundle Leighton Contractors Bob Merkenhof John Holland* Bill Wild PT Thiess Indonesia Thiess Services HVE Leighton Services -Infocus - Visionstream Lucon Infratek Networks DMM Gridcomm Silcar - LSE Technology - Quantum BOS Australia Broad * Includes Transfield Leighton Asia (Northern) Will Hamilton Leighton Asia (Southern) David Savage Leighton Properties Vyril Vella

16 OUTLOOK IN AUSTRALIA

17 BUILDING AND ENGINEERING WORK $bn Source: BIS Shrapnel, ABS Data Non-Residential Building Engineering Construction Forecasts

18 MAJOR PROJECTS - TIMING F3 to Orbital Link M4 East Gateway Bridge Pakenham Bypass Albury Bypass Mitcham- Frankston Freeway Lane Cove Tunnel Perth- Mandurah Rail WestLink M7 Regional Fast Rail Parramatta Rail Spencer St 03/04 04/05 05/06 06/07 07/08 08/09 09/10

19 Parramatta Rail Link, NSW Thiess

20 WestLink M7, NSW Leighton Contractors

21 AUSTRALIAN CONTRACT MINING INDUSTRY $m Forecasts Annual Turnover Source: IBIS World, June

22 LONG TERM MINING CONTRACTS In work in hand Future work Yarrie Moorvale Mt Keith Sth Walker Westside Liddell Southland Collinsville Burton Senakin Satui Mt Owen Jun 03 Jun 04 Jun 05 Jun 06 Jun 07 Jun 08

23 South Walker Creek Coal Mine, Qld Thiess

24 Comalco Alumina Refinery Project, Qld John Holland

25 $m AUSTRALIAN PROPERTY MARKETS Commercial and Industrial Offices Factories Forecasts Total Value of Commencements Source: BIS Shrapnel, ABS Data 05

26 PROPERTY NEW SOUTH WALES Category Delivery Total End LPPL Type Value $m Share KENS Comm Pre-sold % 100 Pacific Hwy Comm JV % 101 George St, Parramatta Comm JV 80 50% 233 Castlereagh St Comm JV 90 50% 56 Delhi Rd Comm Strata 30 50%

27 KENS Commercial Office Tower Development, Sydney Leighton Properties

28 PROPERTY VICTORIA Category Delivery Total End LPPL Type Value $m Share Mulgrave 245 Wellington Rd C/Ind Mixed % Thomastown 15 Edgars Rd Ind Land Subdiv 7 100% 700 Collins St Comm JV % Lyndhurst BG Mixed* % Mornington BG Pre-sold % *Potential JV

29 PROPERTY QUEENSLAND Category Delivery Total End LPPL Type Value $m Share Noosa Resort Resort JV % MacArthur - Retail Retail JV % MacArthur - Comm Comm JV %

30 Amcor Wine Bottling Plant, South Australia Leighton Contractors

31 $bn 25 OPERATIONS & MAINTENANCE MARKET 1998/99 Prices Forecasts Source: BIS Shrapnel Maintenance in Australia

32 $m GROUP O&M REVENUE Telecommunications Building & property Engineering & infrastructure Mining & resources Environmental /9 99/00 00/1 01/2 02/3

33 Waste Management, NSW Thiess

34 Telstra Network Rehabilitation, NSW & Vic Leighton Contractors

35 Defence Maintenance Management Contracts, NSW John Holland

36 $m 3500 WORK IN HAND BY AUSTRALIAN MARKET at 30 June 02 at 30 June Engineering & infrastructure Mining & resources Building & property Operations & maintenance

37 OUTLOOK IN ASIA

38 OVERVIEW OF REGION Resources remains focus in Indonesia Solid civil workload in Hong Kong Pursuing other opportunities in Malaysia Philippines has reasonable activity levels Improving investment climate in Vietnam Hopeful of further rail work in Taiwan Select opportunities in Thailand

39 Senakin Coal Mine, Indonesia Thiess

40 Central Reclamation, Hong Kong Leighton Asia

41 Duta Plaza Retail and Commercial Development, Malaysia Leighton Asia

42 North Luzon Expressway, Philippines Leighton Asia

43 $m 1200 WORK IN HAND BY ASIAN COUNTRY at 30 June 02 at 30 June Hong Kong Indonesia Philippines Malaysia Other

44 SUMMARY

45 SUMMARY Operating performance remains strong Work to be around $10 billion Diverse range of major projects in both Australia and Asia Upswing in Australian construction, property and resources markets Expect similar underlying profit growth in 2003/04

46 PRELIMINARY FINAL REPORT AUGUST 2003