Slide four …
The record results and the “incredibly strong” position in which NRW is now placed..
Results overview
Jules noted with some degree of what I infer to be an expression of quiet pride that there were
“plenty of records “
….. And looking at the accompanying slide there surely are
He commented that a component record order book was the billion dollar Fimiston award (North Star Gold) for the Primero side of business and said that project helped them be confident revenue and margin improvement going forward ..
“Because of the structure of that project, it has a very different risk profile, with a target cost estimate style structure and not lump sum risk
Some other comments :
“A very, very strong position in terms of work in hand…”
Also “a very different risk profile for the business.”
He said NRW had never been positioned more strongly and that the outlook for FY years 24, 25 and beyond was solid because of this despite that the most important previous target area, the Pilbara was no longer crucial.
“The business never positioned better for ‘24, ‘25 and beyond …”
…
“Gearing is very, very low which gives us plenty of firepower to grow the business across our capital initiatives…
….……
“So to be clear the diversification strategy (outlined as a priority in previous years) is absolutely paying off.”
Nice work Jules and the results do speak for themselves!
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