Definitely worth a read, for me few key things:
- some issues with ADB on the negative side meaning revenue will be down ( and since they’re bringing it up, I’d guess a hit to margins And I’d guess they’re getting on the front foot)
- secured rev H2 $400m (so $745m total fy18 as expected I think)
- ‘expect to sign Baralaba this week’
- acknowledgement that the IO sustaining projects have been awarded more slowly than expected
- some more detail on the tender book, looks like solid opportunities are out there still as expected
- looking for JV opportunities in nsw and qld (maybe a slight change of tone from bidding standalone? Not sure)
Any other thoughts about the details, anyone?
Ann: NRW Presentation Macquarie Conference 2 May 2018, page-2
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