Capability Statement
INTRODUCTION
Rodney Hyman has been the industry leader in the valuation of Plant, Machinery & Infrastructure assets for more than 40 years, He has carried out valuations throughout south-east Asia, Africa, Europe and the America’s.
TANGIBLE ASSETS
Rodney Hyman’s experience encompasses almost every asset type imaginable. His practice carries out valuations for a diverse range of purposes as outlined below:
- Financial Reporting
Internal Accounts, International Financial Reporting Standards (IFRS), Purchase Price Allocation and IPO (Stock Market Listing)
- Taxation
Business Combination, Acquisition or Merger for Purchase Price Allocation, Stamp Duty, Tax Consolidation (We are Registered Tax Agents for this purpose)
- Finance
Acquisition, sale and lease-back, residual values, Orderly Liquidation and Auction Values
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Insurance
Replacement and Reinstatement Values, Indemnity Values, Pre Accident, Retrospective, and Agreed Values -
Legal
Expert Witness, Forensic Investigations and Litigation Support, Family Law -
Insolvency
Continued Use, Orderly Liquidation and Auction Values -
Post Loss Valuations
Valuation of assets to prove up value post loss for insurance
FINANCIAL ASSETS
Valuations of finance leases for tax purposes
EXPERT WITNESS
With extensive knowledge of the court systems around Australia and the various expert Rules, Rodney Hyman has provided valuation reports to both Federal and State Courts around. Australia and been called upon to provide expert witness services in these matters. He has even appeared for the insurers in a mining case based in the Central African Republic. Rodney Hyman and his valuers regularly provide reports and appear in Courts of all jurisdictions around Australia.
EXPERIENCE
Rodney Hyman commenced his career as a valuer more than 40 years ago after a short career in the law. Rodney built the largest plant, machinery and equipment practice in Australia under the name RHAS (Rodney Hyman Asset Services) which he sold to Aon Risk Services in 2014.
The experience listed in this Capability Statement is primarily the experience of the team at RHAS which Rodney was responsible for during the lifetime of the business from 1999 and continuing. Many of these assignments were personally completed by Rodney and the rest were completed by staff under his purview. Rodney continues to perform valuations across the broad spectrum of those listed herein.
INFRASTRUCTURE AND PROCESS ASSETS: just a sample!
| Shell | Entire petroleum distribution network in Australia. |
| Mobil | Entire retail network throughout NSW. |
| Cemex, Boral & Hanson | In total some 200 hard rock and sand quarries, 700 concrete batching plants and 20 pipe making plants. |
| Sydney Ferries | For NSW State Government. |
| State Transit Authority | Over 1000 buses of private contractors for the government’s re-negotiation of school contracts as well as the government’s own fleet of 2000 units. |
| ASEA Brown Boveri (ABB) | Entire power, transmission and railway divisions. |
| Central Land Council & North Queensland Land Council |
Entire infrastructure assets pertaining to 19 aboriginal communities. |
| St Pauls Island Council (Torres Strait) |
Entire infrastructure including all housing, power generation, water and sewerage, roads, wharves and manufacturing plant. |
| Terminals Ltd | 8 bulk liquid shipping terminals and wharf loading facilities throughout Australia and New Zealand. |
| Affinity Health | 42 hospitals throughout Australia |
| Ampol | Oil refinery in Brisbane. |
| Onslow Salt | A salt farm in Western Australia. |
| TAB Limited | Gaming and wagering network assets as well as assets of SKY Channel and 2KY |
| Airports | Cairns International Airport and MacKay Airport, QLD |
| ACTEW | 4 dams, 2 water treatment plants and 2 waste water treatment plants in ACT |
| JUHI | Jet fuel storage and underground hydrant installation at Sydney Airport |
| Hydro Aluminium | Aluminium smelter in NSW |
| Samoa EPC | Entire electricity generating & transmission network of Samoa |
| Kengen | Entire electricity generating network of Kenya |
| NBN Co | Fibre-To-The-Premises (FTTP) networks |
ENERGY SECTOR
Rodney Hyman has unequalled experience in the valuation of energy assets around the globe.
Our experience includes valuations of an entire country’s generation and transmission asset bases and ranges from 660Kw Wind Turbines up to 3,000Mw Coal-Fired Power Stations. Our valuers can demonstrate broad experience across Thermal, Hydro-Electric, Gas, Diesel, Co-Generation, Solar and Bio-Mass generators as well as Hydro Civil Structures and Coal Mines.
Clients have included AGL, Eraring Energy, Energy Australia, KenGen (Kenya Generating Company), Origin Energy, Alinta Energy, Tanesco (Tanzania Energy), Horizon Power, Contact Energy, Mighty River Power, TruEnergy, Stanwell Corporation, EPC Samoa and Snowy-Hydro.
Australia
Hydro-electric
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Coal
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Coal Mining
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Diesel
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Wind
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Gas
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Bio Gas
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Transmission Networks
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Co-Generation
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USA
Bio Gas
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New Zealand
Hydro-electric
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Geothermal
Co-Generation
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Samoa
Hydro-Electric
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Diesel
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Solar
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Transmission
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Thailand
Gas
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United Kingdom
Bio Gas
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Kenya
Hydro-electric
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Civil structures: including dams, inlet structures, diversion tunnels, gates and tailraces Geothermal
Thermal
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GOVERNMENT AGENCIES
Rodney Hyman has undertaken significant assignments for Commonwealth, State and Local Government in Australia and NZ including:
Commonwealth
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State
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Local
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Overseas
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TELECOMMUNICATIONS
| NBN Co Limited | Fibre-To-The-Premises networks by Australia’s National Broadband Network incorporated |
| Vodafone | Mobile phone network across Australia |
| Hutchison/One Tel | GSM 1800 “3G” cellular telephone network in Australia |
| AAPT | Major broadband network for Telecom NZ |
| Internode/Agile | Broadband network in Adelaide |
| Digital River | Fibre Optic network in Perth, Adelaide, Melbourne, Sydney & Brisbane |
| OneTel | 3G network around Australia |
| LBN Co | Variety of network formats around Australia |
MEDICAL/AGED CARE
Plant & machinery and/or building assets at over 50 hospitals, encompassing private practices, dental clinics, cosmetic surgery, aged care facilities and specialist practices for clients including:
- Affinity Health
- LCM Healthcare
- Bupa Care Services
- Healthe Australia
- Wuchopperen Health
- North Coast Radiology
- Mater Hospital Newcastle
- Calvary Bethlehem
- St John of God Hospital
- Arcare
- Allambie Heights Retirement Village
- Moyne Health Service
- Over 20 Cardiology and Radiology practices
- Specialist practices including cosmetic and dental.
CHILDCARE
Over 650 Childcare centres for purposes including insolvency and purchase price allocation.
FORESTRY & PAPER
More than 150 valuations in the Logging and Sawmilling industry across Australia. Outside logging and sawmilling valuations include:
| Australian Paper | 5 x paper mills and pulping plants |
| Amcor Fibre Products | 8 x corrugating and finishing plants, Australia |
| Gunns | 3 x major sawmills, Tasmania |
| Timberlink | 2 x major sawmills, Tasmania and South Australia |
FINANCIAL ASSETS
Rodney Hyman has valued significant ‘books’ of financed assets comprising over 1,000,000 assets for tax consolidation and our valuation methodology has been accepted by the Commissioner for Taxation.
POST LOSS
Rodney Hyman acts for both insurer and insured in post loss situations requiring proof of value. In addition, the following valuations:
- Mining equipment stolen in the Central African Republic
- Over 4,000 assets destroyed by fire on a rural property including the house contents, the business assets, industrial “collectables” and fine arts and antiques
- A drill rig that rolled in transport
- A major pet food manufacturing plant totally destroyed by fire
- The contents of a 5,000sqm electrical component importer and manufacturer destroyed by fire including the recreation of an asset register
- A major printing facility including 4 and 6-colour printing presses that were totally destroyed in a fire
- A ship loader in the Philippines hit by a berthing ship
- 2 Semi-trailers and a travelling road show destroyed by fire following a major vehicle accident
- A 370t Excavator in Indonesia that toppled over
- An Indoor Dive School with indoor swimming pool destroyed in an Earthquake in New Zealand
- A 35,000ltr cryogenic tank in an ownership dispute in New Zealand
- A Crawler Crane damaged at a Darwin Wharf
- A leading Sydney night-club
EXPERT WITNESS
Rodney Hyman boasts the largest expert witness practice in Australia in the valuation of plant, machinery and equipment and other tangible assets. He has assessed a wide array of assets that have been regularly tested in legal conflicts, often for valuation of assets many years in retrospect. Assignments have included:
- Over 4,000 assets destroyed by fire on a rural property including the house contents, the business assets, industrial “collectables” and fine arts and antiques
- A 22m trawler converted to dive boat
- A 20m “Dumb” Barge
- A Venetian Glass Chandelier
- Over 60km of Temporary Fencing
- A major Pet Food manufacturing Plant
- A complete Gold Mining Plant in The Central African Republic
- A Vitech 70’ Motor Yacht
- A collection of 100,000 bottles of Wine
- A Cardboard manufacturing plant
- A collection of jewellery including a 15ct diamond
- Donzi Offshore Racing Vessel
- Contents of numerous nightclub fit-outs
HOTELS
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FOOD PROCESSING
| The Smiths Snack Food Company | 5 x manufacturing plants across Australia |
| The Original Pretzel Company | Manufacturing Plant, NSW |
| Sakata Rice Snacks | Manufacturing Plant, VIC |
| Quaker Oats | Manufacturing Plant, WA |
| Boston Markets | Sale following closure of 6 outlets |
| Bartter Group | Farming, Hatchery, Feed-mill and Processing Plants across Australia |
| Sommerville Retail Services | Packaging Plant, VIC |
| Cerebos Foods | Wet and dry goods, blending and packaging plant, NSW |
| NZ Dairies Limited | Powdered Milk Plant, NZ |
| Australian Dairy Blends | Chocolate and Sugar Plants, VIC |
| Grain Products Australia | Wheat Gluten and Starch Plant, NSW |
| McCain Foods | 5 x manufacturing plants across Australia and New Zealand |
| Aussie Sweets | Confectionery Manufacturing Plant, NSW |
| Enrico’s Kitchen |
Pasta Manufacturing Plant, NSW |
| Cumberland Fine Foods | Food Manufacturing Plant, NSW |
| Commercial Bakeries | Numerous Commercial Bakeries Australia-wide |
| Snack Brands Australia | 2 x Potato Snack Plants, NSW |
| Sara Lee (KOSL) | Baked Products Plant, NSW |
| Allied Mills | Starch, Caramel and Dextrose Plant, NSW |
| Coopers Brewery | Brewery, SA |
| Pegela Pastoral Company | Grain and Livestock Farming Operations |
RETAIL
- OPSM, valuing the contents of more than 400 stores
- Fonezone with more than 200 stores
- Collins Food Group, valuing 145 KFC outlets throughout Australia
- Australian Fast Foods, valuation of 296 Red Rooster/Chicken Treat outlets
- Australian Discount Retail Trading, valuing around 400 Go Lo, The Warehouse, Crazy Clarks, Chicken Feed stores and Paul’s Warehouse.
- Franchises such as Wendy’s, Gloria Jeans, Muffin Break, Bakers Delight and the Cheesecake Shop.
MARINE
Commercial
- 32 Passenger Ferries (Sydney Ferries)
- 17 Tugs including Voith Tractor and Z-Peller Harbour Tugs (30-60 ton bollard pull)
- MV Claudia (5,000t Bulk Carrier)
- 8 x Austal 16m Patrol Boats (NSW Police Force)
- Tenix 32m Offshore Patrol Boat (NSW Police Force)
Navy
- 4 Tugs
- 19 Supply Vessels
- 4 Training Vessels
- Landing Craft
Pleasure
- Princess 62
- Riviera 37, 41, 47
- Searay 450
- Cougar 48
- Caribbean 45
- Mariner 34
- Halvorsen 36
- Austal Sea Ray
- Noosa Cat
- Beneteau
- Bertram 54 and 57
- Sydney 38
- Vitech 70
EARTHMOVING
Significant projects include:
| Hanson PLC | Australia wide fleet of quarry earthmoving plant |
| Boral | Earthmoving Plant across QLD, VIC and SA |
| Cemex/Readymix | Australia wide fleet of quarry earthmoving plant |
| Ridwest WA | Plant hire fleet in Western Australia |
LOGISTICS
| StarTrack Express | 2,300 trucks, trailers and forklifts |
| TNT | 218 rigid trucks, prime movers and trailers |
| Action Buses | 443 public route and school buses |
| Sydney Buses | 2,200 public route and school buses |
| Ministry of Transport | 1,915 public route and school buses |
| Roadmaster Haulage | 312 line-haul trucks and trailers |
| Abletts Transport | 144 line-haul trucks and trailers |
| Hanson Australia | ~1,500 line-haul trucks and trailers, agitator trucks |
| Cemex | ~1,500 line-haul trucks and trailers, agitator trucks |
| Boral | ~500 line-haul trucks and trailers, agitator trucks |
| Toll Group | Entire distribution network across Australia comprising more than 100 depots |
ENGINEERING & STEEL FABRICATION
| ASEA Brown Boveri (ABB) | Power, Transmission and Railways Division, Construction and Engineering Division |
| Transfield Construction Engineering | The largest steel fabrication shop in the southern hemisphere |
| Otis Elevators Manufacturing | On its cessation of manufacturing in Australia |
| Capral Aluminium | 5 x Aluminium Extrusion and Finishing Plants in Australia |
| Bisalloy | Quench and Tempered Steel Plate Plant, NSW |
CONSTRUCTION MATERIALS
| Boral | 6 x Brick and Paver Plants 2 x Plasterboard Plants 20 x Asphalt Plants |
| CSR | 6 x Brick and Paver Plants |
| Austral/Brickworks | 4 x Precast Concrete Panel Plants |
| Hanson | 3 x Precast Concrete Panel Plants |
QUARRYING & MINING
| Isaac Plain Mine | Coal wash and drag line, QLD |
| Cemex/Readymix | 97 x hard rock and sand quarries, Australia wide |
| Hanson | 36 x hard rock and sand quarries, Australia wide |
| Boral | 70 x hard rock and sand quarries, VIC, SA and QLD |
| BCSC | Limestone Mine, NSW |
| Tarong Energy | Meandu Coal Mine, QLD |
| AGL | Loy Yang Open Cut Mine, VIC |
FINE ARTS & MUSEUMS
- Art Gallery of NSW – full collection
- The Museum of Applied Arts and Science (The Powerhouse) Museum
- South Australian Arts (The Department of State Development) including the SA State Art Gallery, The SA State Library, The SA Museum, The Carrick Hill Trust, the Migration Museum, the Maritime Museum and the National Motor Museum
- Australian National University Art Collection (over 3,000 works)
- Canberra University - Art Collection
- Canterbury Society of Arts – Works of Art
- City of Sydney Outdoor Sculpture
- Charles Darwin University Art Collection
- Flinders University Art Collection
- Museum of Contemporary Art, Sydney – Full Collection
- National Museum of Australia
- New Parliament House Art Collection, Canberra
- Penrith Regional Art Gallery and Lewers Bequest
- Royal New Zealand Air Force – Works of Art
- Royal Botanic Gardens Collections, Sydney
- Tasmanian Museum & Art Gallery – museum collection and art
- The Australian Museum Collection, Sydney
- The National Gallery of Victoria
- The Victorian State Craft Collection
- The City of Sydney Heritage Collection
- The Illawarra Historical Museum
- The Queen’s Club, Sydney
- The Union Club, Sydney
- The State Library of NSW
- The Rare Book Collection at UNSW
- University of Sydney - Art Collection
FAMILY LAW
Rodney Hyman has conducted hundreds of valuations of household chattels for family law purposes. He has valuers available for specialised items such as antiques, fine arts, wine collections, coin collections, stamps, sporting and other memorabilia, other collectables such as dolls or books, cameras, sporting equipment, motor vehicles, number plates and, of course, business assets.
Rodney has a team of more than 20 consultants to assist with a wide range of esoteric categories as diverse as Birds, Bull Semen, Cattle, Designer Furniture, Guns and other categories too numerous to list.
CULTURAL & HERITAGE
- Aboriginal Rock Artwork in-situ west of Cobar
- Tasmanian Museum and Art Gallery Collection
- 3 Historic Aircraft including ‘Southern Cross’
- Western Australia Museum – Perth Museum
- Western Australia Museum – Shipwreck Galleries
- Western Australia Museum – Maritime Museum
- Western Australia Museum – Albury Museum
- Western Australia Museum – Kalgoorlie Museum
- Western Australia Museum – Geraldton Museum
- Sydney Harbour Foreshore Authority Susanna Place Museum
- Sydney Living Museums Archaeology collection
- Royal Botanical Gardens Herbarium Collection
- Royal Botanical Gardens Statues & Monuments
- High Court of Australia Heritage Assets
- Sydney Opera House Grand Organ (and the entire contents and fit-out of the Sydney Opera House)
- Stearman 75 WWII Military Trainer Aircraft
- Te Puia Cultural Centre, New Zealand
- The Southern Cross aircraft of Sir Charles Kingsford-Smith
UNIQUE ASSETS
Some of our more interesting valuation assignments include:
- Russian Submarine – Foxtrot Class
- The “Southern Cross” historic aircraft
- Unique & Collectable Cars including Ford XY GTs, Holden VL Group A SS, 56 Chev Delivery Van, 67 Chev Chevelle SS, Supercharged Outlaw Funny Car, Prostock Drag Cars, Buell Prostock Motor Bike, Ferrari F355 GTS, Porsche 924 GTS, 924 GTR, Lamborghini Hurucan, etc…
- Action Comic No1 (1938), Superman No.1
- Armoured Tactical Operations Vehicle
- Carnival Equipment
- Ship Loader – Philippines
- Salt Farm
- Weights and Measures
- Cinema Complexes