asx release : investor presentation 18:21

Order book $245.7m


* $42m debt repaid since
balance date. Bank debt now
$72m

* Cash now at $215m

* Asset finance of $35m backed
by 3-5 year contracts with
major corporates

* Preference shares of $45m
held by GSJBW Fund for 5
years

* Deferred consideration of
$21m due to vendors 09/10
and 10/11

* Working capital strong in
second half – impacted by
timing of projects

* Investments carried at cost,
not market

* Two investments realised in December 2008 and January
2009 for $293.5m

* Gloucester Basin: Total MPO and AJL investment –
$28.5m approx - sale price $370m

* Two more investments to be realised in 2010

Outlook:

* Platform and corporate architecture being established
for next phase of business growth and development

* Strong balance sheet (to be strengthened with further
asset sales) to take advantage of opportunities

* Emphasis on management, training and personnel
development

* Future is bright. Looking three years “down the
track”. Well positioned.

“Right Place, Right Time”