Investor Presentation

1
Investor Presentation Year Ended 30 June 2005
Harnessing passion to deliver results
2
Australian for Business Services
Key Messages

• UXC is a major participant in the Australian IT
  industry
• Double digit growth achieved at all levels in
  FY05 revenue, EBITDA, NPAT, EPS, DPS
• Growth is being derived organically and through
  acquisition
• Federation business model promotes accountability
  and growth
• Further growth anticipated in FY06 - 40m of
  cash, liquid investments and unutilized borrowing
  capacity available to fund growth.

3
Australian for Business Services
Agenda

• The UXC Vision
• Company Structure and Strategy
• FY05 Results
• Outlook
• Growth Drivers a Case Study

4
Australian for Business Services
Our Vision

• To become

• The premier independent Australian business
  solutions and services company servicing medium
  to large entities in the private and public
  sectors across Australia and New Zealand
• The investment of choice in the ASX IT sector

5
Australian for Business Services
Our Strategy for Achieving our Vision

• Develop and build market-leading capabilities in
  chosen market segments
• Leverage expertise and client relationships to
  deliver superior organic growth
• Strategic acquisition of businesses with an
  existing, or ability to build, a market-leading
  position
• Cultivate a unique culture based on managements
  passion for customer success and business growth
• Outstanding quality of service to customers

6
Australian for Business Services
Revenue Growth (last 3 FY)
UXC Today

• Strong track record of growth in revenue,
  operating profit and EPS
• Generated by organic and acquisitive growth
• Strong financial position
• Extended dividend record
• Some 1,500 employees, market cap 147m

EBITDA Growth (last 3 FY)
7
UXC Structure
Board
MD
F A
M A
Business Solutions
IP Ventures
Utility Services
Consulting
Applications
Infrastructure
8
Australian for Business Services
Group Brands
Corporate
Executive
Mergers Acquisitions
Business Solutions Group
Intellectual Property Ventures
Utility Services Group
Consulting
Applications
Infrastructure
9
Australian for Business Services
Service Offering
Business Solutions Group
Intellectual Property Ventures
Utility Services Group
Consulting
Applications
Infrastructure

• PROVISION OF MARKET LEADING ICT
• PRODUCTS AND
• SERVICES
• Applications development (.Net, j2EE, XML),
  systems integration, and applications testing
  services
• Microsoft Business Solutions resale, integration,
  support and maintenance across the whole MBS
  suite
• Payroll, budgeting and forecasting, QSP
  Financials, manufacturing
• ASP solutions, CRM, business intelligence
• Oracle and Peoplesoft, consulting, support,
  database administration and software development
  services

• PROVISION OF MARKET LEADING ICT
• PRODUCTS AND
• SERVICES
• Design, installation and administration of
  standard operating environments, and data
  networking and security solutions.
• A leading Australian integrator of voice, data
  infrastructure, IP business applications and ICT
  security solutions, encompassing voice, data,
  cabling and applications.
• A leading edge provider of disk, tape and network
  based data storage solutions, including
  hardware/software consulting and configuration
  services.

• ASSET DATA
• MANAGEMENT FOR
• UTILITIES
• Electricity distribution asset inspection
• Water conservation and related environmental
  services
• Asset management and maintenance services
• Utility meter installation and reading services
• Meter data management
• GIS services
• Industrial and graphic design

• PROVISION OF MARKET LEADING ICT
• PRODUCTS AND
• SERVICES
• Independent strategic, management and technology
  consulting services, and market research, in the
  telecommunications sector
• Knowledge management, systems integration and IT
  consulting services
• Specialist business analysis, organizational
  change, training and development, and project
  management training and consulting services

• COMMERCIALISATION
• OF INTELLECTUAL
• PROPERTY FOR
• CAPITAL GAIN
• Strategic investments
• Development of ILID electronic shelf labeling
  solution for realization of substantial future
  commercial benefits.

10
Australian for Business Services
Vendor Relationships ExpertiseImportant
associations with highly regarded companies
support our offerings
Business Solutions Group
Intellectual Property Ventures
Utility Services Group
Consulting
Applications
Infrastructure

• Nylex
• NEMMCO
• RFD Pole Reinstatement System
• CSIRO
• Geospatial Information Technology Association
• ISO 90012000
• ISO 140012004
• AS ISO 48012001

• Australian College of Project Management
• Meta Software Corporation
• Registered Training Organisation
• Australian Government Endorsed Supplier
• AS/NZS ISO 90012000
• NSW Government DITM 2000.01

• Microsoft
• Oracle
• Peoplesoft
• Cognos
• Payglobal
• Sun Systems
• Pivotal
• Business Objects
• Vision Business Intelligence
• Hostworks
• The Learning Edge
• Red Hat
• Mat Man
• Software Mark

• Alcatel
• Cisco
• 3Com
• Juniper
• Genesys
• Krone
• EMC
• Veritas
• Network Appliance (NetApp)
• FalconStor Software (Viper)
• ADIC
• Overland
• Quantum
• StorageTek
• Symantec
• Brocade

• IBM
• Fujitsu
• Alphawest
• ITe
• Novera Energy

11
Australian for Business Services
A Strong and Diverse Customer BaseWith
increasing penetration by multiple Business Units
Business Solutions Group
Intellectual Property Ventures
Utility Services Group
Consulting
Applications
Infrastructure

• HOUSEHOLD
• NAMES IN THE
• UTILITY SECTOR
• Major Australian
• utilities located
• nationwide,
• operating in the
• following sectors
• Water
• Electricity
• Gas

• HOUSEHOLD
• NAMES IN BUSINESS AND GOVERNMENT
• With strong
• representation in the
• following sectors
• Banking
• Finance
• Emergency Services
• Mining
• Utilities
• Federal State Government Departments

• HOUSEHOLD
• NAMES IN BUSINESS AND GOVERNMENT
• With strong
• representation in the
• following sectors
• Transportation
• Telecommunication
• Health Care
• Aged Care
• Education
• Federal State Government Departments

• HOUSEHOLD
• NAMES IN BUSINESS AND GOVERNMENT
• With strong
• representation in the
• following sectors
• Professional Services
• Hospitality and Tourism
• Health Care
• Telecommunication
• Emergency Services
• Education

• HOUSEHOLD
• NAMES IN GLOBAL RETAIL
• Solution providers to major retailers
• Supermarkets
• Co-Ops
• Wholesalers
• Distributors
• Specialty Stores

12
Australian for Business Services
ManagementA strong depth of management with
individual Business Unit focus and accountability
Executive ChairmanGeoff Lord
Finance Director/Company Secretary Mark Hubbard
Director, Mergers, Acquisitions and Investments
Ralph Pickering
CEO Business Solutions Group Cris Nicolli
Intellectual Property Ventures
Utility Services Group
Consulting
Applications
Infrastructure

• Craig Bathie General Manager, Fieldforce
  Services
• Peter Collins General Manager, Utility Asset
  Management
• Linley Baxter General Manager, Skilltech
• Charles Maynard CEO, Neopurple

• Dominic Quai CEO, GQ-AAS
• Deborah Holtham CEO, Opticon
• Karen Hayes CEO, Planpower

• Jim Kurian, Michael Nermut Joint CEOs, Dytech
  Solutions
• Bradley Stroop CEO, Eclipse
• Stephen Mackley CEO, QSP
• Greg Woollett, Jonathan Rubinsztein Joint
  Directors, Red Rock

• Geoff Casey Managing Principal, CNS
• Ian Poole CEO, Integ
• Max Goldsmith CEO, XSI

• Lawrence Pelletier General Manager, ILID

13
Australian for Business Services
FY05 Financial Highlights

• Record NPAT of 11.7m, up 30 (14.4m under
  A-IFRS)
• Strong organic growth, complemented by strategic
  acquisitions
• Improved results from all divisions
• EBITDA margin in excess of 10 target
• Strong operational cash flow - up 96 to 20.7m
• 10 increase in full year dividend
• Lowly geared balance sheet

14
Australian for Business Services
FY05 Results
15
Australian for Business Services
FY05 Results Key Features

• Cross-selling initiatives gaining momentum 78
  of revenue growth derived organically
• EBITDA margin exceeds 10 target for first time -
  10.9 achieved in second half
• Crystallised gain on ITe investment of 2.1m
• Goodwill amortisation of 3.8m (vs. 3.2m) -
  ceases FY06
• Move to net interest charge
• Effective tax rate increase to 25

16
Australian for Business Services
A HypotheticalAll else being equal m
FY06 Realise Alphawest 242.6 31.3 -4.1 27.
2 -4.2 23.0 23.0 -1.6 21.4 16.2
Revenue EBITDAC Corporate EBITDA Depreciatio
n EBITA Amortisation EBIT Borrowing
cost PBT NPAT
FY05 As Reported 242.6 29.3 -4.1 25.2 -4
.2 21.0 -3.8 17.2 -1.6 15.6 11.7
FY06 No Amortisation 242.6 29.3 -4.1 25
.2 -4.2 21.0 21.0 -1.6 19.4 15.5
FY06 Organic AcquisitionGrowth ? ? ? ? ? ?
? ? ? ?
17
Australian for Business Services
Outlook

• Organic Growth Drivers
• Legislative change in utilities sector driving
  opportunities in water conservation and
  environmental services
• Cross-selling initiatives
• Winning of larger contracts via combined
  offerings
• Acquisition Program
• Have allocated 10m for investment in the
  acquisition program for FY06 to purchase some
  2.5m pa of EBITDA earnings

18
Australian for Business Services
What is Happening Organically A Case Study

• UXCs Oracle business Red Rock
• Consider the impact of this type of activity
  being undertaken by
• 14 other business units
• In other areas of technology, such as Microsoft,
  Data Storage, Data Security, VOIP and other
  communications solutions, and consulting
• Greg Woollett, Director, Red Rock Consulting

19
Australian for Business Services
The Red Rock Success Story

• Joined UXC January 2004
• Strong Sustainable Growth

20
Australian for Business Services
Red Rock Acquires BML
2008
June 2005
Oracle ERP Applications
PeopleSoft ERP Applications
Fusion ERP Applications
Oracle Database, SQL Server Database
21
Australian for Business Services
PeopleSoft Market Opportunity - 500M
PS 9
Fusion MigrationsOpportunity 200M
UpgradesOpportunity80M
Managed ServicesOpportunity 27.5M per annum
8 220M
22
Australian for Business Services
Organic Growth Through Synergies

• DHS, CML (RR BML Customers)
• Fosters (New Joint Effort)
• DET, ANZ Bank Defence (BML Customers)
• Transpower, Pacific National (RR Customers)
• Oracle Partner Relationship Strengthened

• Dytech 2M custom build opportunity
• PlanPower introduction to major bank
• Opticon 500K joint NSW Govt. win
• QSP - 300K solution win

23
Australian for Business Services
Summary

• Strong FY05 Performance double digit growth at
  all levels
• Successful business model delivering organic and
  acquisitive growth
• Strong Financial Position
• Positive FY06 Outlook

24
(No Transcript)