Monadelphous Group Limited · ASX:MND
Monadelphous — H1 2021 Earnings Presentation
17 slides from Monadelphous's earnings presentation, Feb 23, 2021
Slide 1: Half Year Results
HALF YEAR RESULTS 23 FEBRUARY 2021 TOGETHER WE DELIVER Monadelphous
Slide 2: Monadelphous Profile
MONADELPHOUS PROFILE For personal use only 2
Slide 3: H1 2021 Group Performance and Highlights
H1 2021 GROUP PERFORMANCE AND HIGHLIGHTS For personal use only REVENUE 1 REVENUE BY END CUSTOMER REVENUE BY DIVISION ($M) $947.8 MILLION NET PROFIT AFTER TAX 2 273.4 460.3 Engineering Iron ore 54% 342.5 Construction $31.6 MILLION Other minerals 24% Oil and gas 18% Maintenance Infrastructure 4% & Ind
Slide 4: H1 2021 Divisional Highlights: Engineering Construction
H1 2021 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION For personal use only REVENUE BY END CUSTOMER ($M) Infrastructure Other minerals Iron ore Oil and gas 1H20 2H20 1H21 • Revenue of $460.3 million1, up 68% • Secured $175 million of new contracts • New work secured under BHP WAIO Panel Agreement a
Slide 5: H1 2021 Divisional Highlights: Maintenance & Industrial Services
H1 2021 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES For personal use only REVENUE BY END CUSTOMER ($M) Other minerals Iron ore Oil and gas 1H20 2H20 1H21 • Revenue of $491.5 million, down 16% • Maintenance activity levels steadily regained momentum • Secured $185 million in new contracts
Slide 6: Contracts Secured
CONTRACTS SECURED ENGINEERING CONSTRUCTION 1. BHP – Dewatering surplus water at Jimblebar mine site, Pilbara For personal use only 2. BHP – Multidisciplinary construction services at Olympic Dam copper mine, Roxby Downs 3. BHP – Port Availability Improvement Project at Nelson Point and Finucane Isla
Slide 7: Safety Performance
SAFETY PERFORMANCE 6.00 For personal use only 4.00 3.12 TRIFR 2.00 LTIFR - 0.23 2018 2019 2020 2021 • 16.1% improvement in TRIFR performance • Systems improvements to reinforce line-of-fire fatal risk controls • Revised front-line safety leadership program • Focus on mental health awareness 7
Slide 8: People
PEOPLE For personal use only • Employee numbers up 22% from 30 June 2020 • Increased employee equity scheme participation • Detailed labour market analysis performed • Launched award-winning MonaWork workforce application • ‘Make It Yours’ employer branding program • Commenced implementation of new
Slide 9: Social Value
SOCIAL VALUE For personal use only • 4th Reconciliation Action Plan substantially developed • Enhanced Gender Diversity and Inclusion Plan • Appointed first female operational General Manager • Provision of education and career pathways for Indigenous students in partnership with Graham (Polly) Farm
Slide 10: Financial Snapshot
FINANCIAL SNAPSHOT For personal use only Period ended 31 December HY21 HY20 CHANGE Revenue1 $M 947.8 852.0 11.2% Engineering Construction1 $M 460.3 273.4 68.4% Maintenance & Industrial Services $M 491.5 584.5 (15.9%) Internal Eliminations $M (4.0) (5.9) EBITDA2 $M 57.0 59.1 (3.5%) EBITDA margin % 6.
Slide 11: Industry Outlook – Australia
INDUSTRY OUTLOOK – AUSTRALIA For personal use only 40 TOTAL RESOURCES CAPEX A$B 70 TOTAL ENERGY CAPEX A$B 35 60 30 50 25 40 20 30 15 20 10 5 10 0 0 2016 2017 2018 2019 2020 2021f 2022f 2023f 2024f 2025f 2016 2017 2018 2019 2020 2021f 2022f 2023f 2024f 2025f Source: BIS Oxford Economics, ABS (Decembe
Slide 12: Outlook
OUTLOOK For personal use only • Resources sector expected to provide steady flow of construction and maintenance opportunities • Outlook for Australian iron ore remains solid • Other resources sectors expected to provide ongoing prospects • Declining global demand in oil and gas sector • Long term o
Slide 13: Appendices
For personal use only APPENDICES
Slide 14: Engineering Construction: Major Projects HY 2021
ENGINEERING CONSTRUCTION MAJOR PROJECTS HY 2021 For personal use only • BHP; SMPE&I works associated with Inflow infrastructure at South Flank Project, Pilbara, WA • BHP; SMPE&I works associated with Outflow infrastructure at South Flank Project, Pilbara, WA • thyssenkrupp; site assembly of stackers
Slide 15: Maintenance & Industrial Services: Major Service Contracts HY 2021
MAINTENANCE & INDUSTRIAL SERVICES MAJOR SERVICE CONTRACTS HY 2021 For personal use only • BHP Iron Ore; general maintenance, shutdowns and sustaining capital works, Pilbara, WA • Woodside; onshore and offshore maintenance and brownfields services for Woodside-operated gas production facilities in no
Slide 16: Notes to Financials
NOTES TO FINANCIALS Non-IFRS Financial Reconciliation of total revenue from contracts with For personal use only Information customers including joint ventures to statutory revenue HY21 HY20 from contracts with customers $’000 $’000 Monadelphous Group Limited results are reported Total revenue from
Slide 17: Disclaimer & Important Notice
DISCLAIMER & IMPORTANT NOTICE For personal use only 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 oth