Monadelphous Group Limited · ASX:MND
Monadelphous — Shareholder Meeting (November 2013)
29 slides from Monadelphous's shareholder meeting presentation, Nov 19, 2013
Slide 1: Annual General Meeting 2013
alll Monadelphous Annual General Meeting 2013 Tuesday 19 November
Slide 2: Board of Directors and Chief Financial Officer
Board of Directors and Chief Financial Officer John Rubino Rob Velletri Zoran Bebic Chairman Managing Director CFO and Company Secretary Peter Dempsey Chris Michelmore Irwin Tollman (Lead) Non-Executive Director Non-Executive Director Non-Executive Director 2 ml Monadelphous
Slide 3: Agenda
Agenda 1. Chairman’s Address 2. Managing Director’s Address 3. Items of Business 4. Other Business 3 ml Monadelphous
Slide 4: 1. Chairman's Address
1. Chairman’s Address Woodside’s Pluto LNG plant, Burrup Peninsula, WA. 4 Monadelphous
Slide 5: Company Profile
Company Profile Monadelphous Group Limited (ASX:MND) is a S&P/ASX 100 company that provides construction, maintenance and industrial services to the resources, energy and infrastructure sectors throughout Australasia. Market Earnings Dividends Revenue capitalisation per share per share ~$1.5b ~$2,61
Slide 6: Our Strategy
12 years of consecutive growth EPS (cents) 180 5 160 + 140 + 120 + 100 - o1 02 Our Strategy Organic growth approach Long term customer relationships - safe and reliable delivery Geographical expansion Broadening range of services and markets Selective aquisitions. 03 04 05 06 07 08 mmm Group Revenue
Slide 7: Total Shareholder Return
Total Shareholder Return 12 month TSR 60% 40% 20% — 0% -20% [ -40% -60% 80% 60% 40% 20% 0% -20% -40% -60% -80% 5 year TSR mil hu 1 2500% 2000% 1500% 1000% 500% 0% 10 year TSR @ Monadelphous m@ Peers m ASX 100 m@ ASX 100 Industrials Total Shareholder Return (TSR) is the total return to shareholders (
Slide 8: 2. Managing Director's Address
2. Managing Director’s Address Rob Velletri Construction of dry screening, wet scrubbing and screening, classification and filtration facilities at Rio Tinto Hope Downs 4 in the Pilbara, WA. 8 ml Monadelphous
Slide 9: Group Highlights
Group Highlights Financial Operating Strategic Sales revenue up 37.8% to $2,614m NPAT up 24.1% on prior year underlying * to $156.3m EPS up 21.5%~ to 173c, DPS up 9.6% to 137c Extraordinary surge in construction activity Outstanding safety performance against abnormal growth Awarded ~$1.3b of new co
Slide 10: Financial Performance
Financial Performance Group highlights Unit FY13 FY12 Change Sales Revenue $m 2,614.1 1,897.5 +37.8% EBITDA * $m 247.0 196.5 +25.7% EBITDA Margin * % 9.45 10.35 -0.90pp* NPAT * $m 156.3 126.0 +24.1% NPAT Margin * % 5.98 6.64 -0.66pp* EPS * cps 173.0 142.4 ele ara Operating Cash Flow $m 113.2 138.6 -
Slide 11: Financial Position and Funding
Financial Position and Funding Balance sheet remains robust June 13 June 12 Change $m $m Cash at Bank 195.3 203.6 -4.0% Net Cash Position 140.2 152.9 -8.3% (Cash less interest bearing loans and borrowings) Capilal Expendilure 46.4 74.2 -37.5% (Cash and Hire Purchase) Capital Expenditure Commitments
Slide 12: Divisional Highlights
Divisional Highlights 12 Engineering Construction Maintenance and Industrial Services Infrastructure Revenue grew 56% to $1.78bn $700m in new contracts secured lron ore and coal projects dominated revenue landscape $600m in new contracts and contract extensions Strong growth in oil and gas maintenan
Slide 13: FY2013 Contract Activity
For personal use only FY2013 Contract Activity Beijing <g> rf P cape Lambert arratha @ 81214200 vatey Mount Keith @ Leinster @ Olympic Dam Roxby Downs 13 aa), Monadelphous
Slide 14: Sales Revenue Analysis
Sales Revenue Analysis End Customer Geography NT 1% SA 1% QLD 26% 3 lron ore WA 63% Coal Other Minerals a |_| @ Oil & Gas a ® Infrastructure *SMP - Structural, mechanical and piping; ** E&l - Electrical and instrumentation; *** O&M - Operations and maintenance. 2% 1% Service Market Process Plant SMP
Slide 15: FY2013 Contracts Secured
For personal use only FY2013 Contracts Secured —___C#Rio Tinto \ Petroleum Gas Pipeline, Cape Lambert ______Rio Tinto Marandoo Mine Phase 2, Tom Price r BHP Billiton Jimblebar Mine, Newman Rio Tinto Western Turner, Brockman BMA Caval Ridge Mine, Moranbah @ OCLNG Maintenance Services, Gladstone Unity
Slide 16: Engineering Construction
Engineering Construction ee eae 7/7 == BHP Billiton Inner Harbour Project, Port Hedland. 16 Monadelphous
Slide 17: Engineering Construction
Engineering Construction The drift conveyor drive station, Rio Tinto Kestrel Mine Extension, Queensland. 17 Monadelphous
Slide 18: Engineering Construction — MMM Joint Venture
Engineering Construction — MMM Joint Venture The wharf, consisting of nine modules fabricated by SinoStruct, and jack up barge at the Wiggins Island Coal Export Terminal in Gladstone, Queensland. 18 ml Monadelphous
Slide 19: Maintenance and Industrial Services
Maintenance and Industrial Services eS eae we SSC acs The Woodside-operated Karratha Gas Plant, where the Maintenance and Industrial Services division completed their largest ever shutdown during the year. 19 Monadelphous
Slide 20: Maintenance and Industrial Services
Maintenance and Industrial Services Facilities Management Services, Chevron-operated Gorgon Project, Barrow Island. 20 Monadelphous
Slide 21: FY2014 ~$500M in new contracts awarded
FY2014 ~$500M in new contracts awarded ¢ Rio Tinto Iron Ore Cape Lambert Port B Project, WA ¢ DBP Development Group (DDG) Construction of the Wheatstone Ashburton West Pipeline near Onslow, WA ¢ Central Highlands Regional Council Design and construction of the East Nogoa Water Treatment Plant in Eme
Slide 22: Safety Scorecard
Safety Scorecard Injury Frequency Rates* 12 *12-month rolling average (per million man-hours worked) TGIER oe TIER 9 6 4.1 3 (0) . : r SEE 0.14 2009 2010 2011 2012 2013 Outstanding safety performance e Record safety performance in rapid-growth environment e TCIFR improved 31.6% to 4.1 incidents per
Slide 23: People Performance
People Performance Employee Numbers Employees by Division 7,418 234 m@ Engineering Construction ™ Maintenance & Industrial Services @ Infrastructure @ Group Support FYO9 FY10 FY11 FY12 FY13 Successful recruitment campaign to meet extraordinary project demands New website and enhanced corporate and e
Slide 24: Australian Market Conditions
Australian Market Conditions 40 30 20 2010 Resources (Mining Capex A$b) 2011 2012 2013f 2014f 2015f 2016 2017f Infrastructure (Public Sector Capex A$b) Other Sectors @MND Sectors 2010 2011 2012 2013f 2014 2015f 2016f 2017f COP NWAEAAN DO CO Energy (Oil and Gas Capex A$b) 2010 2011 2012 2013f 2014 20
Slide 25: Project Opportunity Pipeline
Project Opportunity Pipeline Ichthys LNG Inpex $33b Wheatstone LNG Chevron/Apache/KUFPEC/ Shell $29b r Gorgon LNG of Chevron/Shell/ExxonMobil $52b Curtis Island LNG BG Group, CNOOC $20b Australia Pacific LNG Origin/ConocoPhilipps/ Sinopec $25b Rio Tinto (Expansions and Sustaining Capital) Gladstone
Slide 26: Outlook
Outlook A year of consolidation after surge in growth Market conditions in the resources sector have significantly tightened Key resources customers continue to focus on improving productivity, reducing costs and tighter control on capital expenditure Revenue levels for FY2014 will moderate Margins
Slide 27: Non-IFRS Financial Information
Non-IFRS Financial Information “ Reconciliation 2013 2012 Information, including forecast financial information, in this presentation, should not be $000 $000 considered as a recommendation in relation to holding, purchasing or selling shares, Underlying EBITDA securities or other instruments in Mon
Slide 28: Important Notice
Important Notice Disclaimer Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in Monadelphous Group Limited or any other company. Due care and
Slide 29: For more information
For more information: Rachel Cooper, Investor Relations Manager Telephone: +61 (08) 9315 7429 Email: racooper@monadel.com.au www.monadelphous.com.au IE TOGETHER WE DELIVER. mi Monadelphous
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