New presentation out, not a bad read and the sp likes it...

New presentation out, not a bad read and the sp likes it also:))


Entered FY10 with strong product and technology order book -$38m China sales to date for FY10
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Manufacturing capability expanded to meet growing export demand for diesel equipment
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Acceptance of leading technology solutions leading to increased demand in China, South America,South Africa and India
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New product support centres in China and Chile will drive recurring revenue from after sales serviceand support
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Mining services well positioned to benefit from expected upturn in mining activity and increased clientproduction targets –New contracts with Mt Thorley Warkworthand Cockatoo Coal
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Expecting improved profitability in FY10 based on current view of opportunities

Mining Services
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Organic growth
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Geographic, commodity and customer diversification
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Disciplined fleet management and maintenance
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Building on areas of strength (Bowen Basin –Hunter Valley) existing infrastructure
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Top tier 2 –lower overhead provider
Diesel, Technology, International
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Buying high quality private companies to add capital, expertise and international sales channel
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Export emphasis
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Bolt on acquisition growth
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Continued IP development and development of export channel
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Strengthening of service, spare and support offering
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Recurring revenue increasing via product support centre, OEM offering


Top coal market -and still expanding
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World’s top coal market with record 2.8 billion tonnesproduction in 2008 (43% of global production); annual average growth rate of production 9% from 1949-2008
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Chinese Premier WenJiabaourges increased construction of large-scale mines with modern equipment to boost competitiveness; coalmine safety top priority of Government and coal companies
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469 large-sized coalmines with annual capacity over 1.2 million tonnes(51% of total); 36 coal enterprises with annual output over 10 Mt, as of end of 2008
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At end of June 2009, 17,947 coalmines with 15,235 classified as small
Coalmine safety improving
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Central Government providing RMB 3 billion a year for coalmine safety
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Coalminers allowed to collect safety fee from sales before tax (eg. Shanxi Province RMB 40 per tonne)
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Coalmine methane drainage key to improving safety in gassy mines, but only 30% of gas drained used in 2008
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Mine closures continue: 473 small mines shut in 1st half of 2009; 300 Mt production capacity eliminated from 2005-08 with 12,209 small mines closed
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Worker safety improving, with fatality rate per million tonneof coal falling from 3.08 in 2004 to 1.182 in 2008 (down 62%)