Investor Presentation

February 2017

Chris Tuckwell

Managing Director / CEO

Peter Gilford

CFO / Company Secretary

Capital Structure

Share price (as at 17th February 2017)

$1.64

Ordinary shares (ASX:MLD)

234.3 million

Market capitalisation (undiluted)

$384.3 million

Net tangible assets (31 Dec 2016)

$121.7 million

Cash (31 Dec 2016)

$121.9 million

Bank debt (31 Dec 2016)

$60.8 million

Enterprise Value

$445.4 million

ASX Listing

10 Nov 2010

CORPORATE SNAPSHOT

Directors and Senior Management

Andrew Edwards

Non-executive Chairman

Chris Tuckwell

Managing Director / CEO

Geoff Baker

Executive Director

Linton Kirk

Non-executive Director

Robert Ryan

Non-executive Director

Peter Gilford

CFO / Company Secretary

Tim Gooch

General Manager - Mining

Mark Davidovic

General Manager - Civil and Infrastructure

Mitch Wallace

General Manager - Brazil Operations

David Greig

General Manager - Business Development

David Kent

General Manager - Corporate Services

Adam Struthers

Plant Manager

Justin Hardy

General Manager - Interquip

Substantial Shareholders - as at 31 December 2016

Name

Shareholding

Kenneth Kamon

7.37%

Paradice Investment Management Pty Ltd

5.98%

G A Baker / Gemblue Nominees

5.33%

FM and SJ Maher

5.25%

Perpetual Investments

5.10%

Top 20 Shareholders

65.01%

Top 50 Shareholders

83.25%

2

FINANCIAL AND OPERATIONAL OVERVIEW

Half year result FY17

Revenue of $242.5 million

▲ 16% on previous corresponding period

EBITDA of $52.2 million

▲ 22% on previous corresponding period

NPAT of $16.6 million

▲ 34% on previous corresponding period

Cash from operating activities $43.6 million

Dividend 4.5cps - fully franked

Strong order book of 1,194 million as at 31 December 2016

Strong balance sheet with $61.1 million net cash

3

FINANCIAL AND OPERATIONAL OVERVIEW

Half year result FY17

MACA Mining

  • Commenced works for Blackham Resources - Matilda project - contract value of $116 million over 32 months

  • Metals Mining Group (MMG) - Golden Grove project - contract value $5 million over 6 months

  • Completed works for Silver Lake Resources at Mount Monger operations

MACA Civil / Infrastructure

  • Acquisition of remaining 25% of Services South East Limited (SSE) - now MACA Infrastructure - established to grow opportunities in road and asset maintenance

  • Award of Kimberley road maintenance - contract value of $18 million over 2 years - MRWA

  • Completion of Collie Lake King Road and Fauntleroy Avenue for MRWA

  • Extended road maintenance contract with VicRoads for another 2 years to Jul 19 - value $8.5 million

MACA Interquip

  • Acquisition of Interquip Pty Ltd (60%) in December 2016 - an end to end mineral process business providing Structural, Mechanical and Piping (SMP) capabilities

Higher fleet utilisation has driven better outcomes

Work In Hand position of $1.19 billion as at 31 December 2016

Solid balance sheet - strong net cash position and strong working capital position

Full year FY2017 forecast revenue of approximately $500 million (compared to FY16 actual revenue of $ 431 million)

The positive working capital position + work in hand position provide a sound platform to maintain the dividend payout ratio

4

MACA Limited published this content on 20 February 2017 and is solely responsible for the information contained herein.
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