Monadelphous Group Limited · ASX:MND
Monadelphous — Shareholder Meeting (March 2016)
30 slides from Monadelphous's shareholder meeting presentation, Mar 30, 2016
Slide 1: Annual General Meeting 2012
TitleMeeting 2012 Annual General XX 20November November2012 2012 Safety and Wellbeing | Integrity | Achievement | Teamwork | Loyalty
Slide 2: Agenda
Agenda 1. Chairman’s Address 2. Managing Director’s Address 3. Items of Business 4. Other Business 2 www.monadelphous.com.au
Slide 3: 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 3 www.monadelphous.com.au
Slide 4: 1. Chairman's Address
1. Chairman’s Address John Rubino (Chairman) 4 www.monadelphous.com.au
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 People Revenue Earnings per Dividends per capitalisation 6,105 ~$1,897m shar
Slide 6: Long Growth History
Long Growth History Growth Strategy Organic growth approach Increasingly larger contracts with blue chip customers Long term customer relationships - safe and reliable delivery Geographical expansion - WA, Queensland, SA, NT, NSW, China, PNG Oil and gas expansion Electrical/instrumentati
Slide 7: Share Price Performance
Share Price Performance Monadelphous 12‐month Share Price Performance (Rebased) (Source: Miraqle) Monadelphous +18% S&P/ASX 100 Industrials -2% S&P/ASX 100 -11% Top Five Shareholders Substantial Shareholder (Beneficial) Capital HSBC Nominees Australia 12.0% Mondrian Investment Partners 6.2% Shares o
Slide 8: Shareholder Return
Shareholder Return Total Shareholder Return (TSR) is the total return to shareholders (including income from dividends and interest). TSR has been calculated to 30 June 2012. For comparison purposes, peers are ASX-listed companies operating in Monadelphous sectors, including Transfield, UGL, Clough,
Slide 9: 2. Managing Director's Address
2. Managing Director’s Address Rob Velletri (Managing Director) 9 www.monadelphous.com.au
Slide 10: Group Highlights
Group Highlights Sales revenue up 31% to $1,897m Financial NPAT up 44% to $137m, underlying NPAT^ up 32% to $126m Underlying EPS^ up 31% to 142c, DPS up 32% to 125c Included in the S&P/ASX 100 index Corporate Divested stake in Norfolk Strong demand across all markets Significant growth
Slide 11: Financial Performance
Financial Performance FY12 FY11 Change Sales Revenue $m 1,897.5 1,443.9 +31.4% EBITDA^ $m 196.5 153.3 +28.2% EBITDA Margin^ % 10.35 10.62 -0.27pp NPAT^ $m 126.0 95.1 +32.5% NPAT Margin^ % 6.64 6.58 +0.06pp EPS^ cps 142.4 108.8 +30.8% Operating Cash Flow $m 138.6 125.2 +10.7% DPS (Fully Franked) cps
Slide 12: Financial Position and Funding
Financial Position and Funding June 12 June 11 Change Cash at Bank $m 203.6 172.5 +18.0% Net Cash Position $m 152.9 129.5 +18.1% (Cash less interest bearing loans and borrowings) Capital Expenditure $m 74.2 54.5 +36.0% (Cash and Hire Purchase) Capital Expenditure Commitments $m 19.6 11.0 +79.1% Bank
Slide 13: Divisional Highlights
Divisional Highlights Secured ~$1.3 billion in new contracts Engineering First marine contract – WICET Construction Two Rio Tinto Iron Ore Framework Agreements Significant investment in crane fleet Record sales, growth of 58% Maintenance and Strengthened presence in coal Industrial Servi
Slide 14: FY2012 Contract Activity
FY2012 Contract Activity 14 www.monadelphous.com.au
Slide 15: FY2012 Contracts Secured
FY2012 Contracts Secured 15 www.monadelphous.com.au
Slide 16: Engineering Construction – BHP Billiton Inner Harbour Project, Port Hedland
Engineering Construction – BHP Billiton Inner Harbour Project, Port Hedland 16 www.monadelphous.com.au
Slide 17: Maintenance and Industrial Services – Gorgon Project, Barrow Island
Maintenance and Industrial Services – Facilities Management Services, Chevron-operated Gorgon Project, Barrow Island 17 www.monadelphous.com.au
Slide 18: Infrastructure – Picton Water Treatment Plant, Bunbury
Infrastructure – Water Corporation’s Picton Water Treatment Plant, Bunbury 18 www.monadelphous.com.au
Slide 19: FY2013: $775m in new contracts awarded
FY2013: $775m in new contracts awarded Engineering Construction Maintenance and Industrial Services $295m $480m BHP Billiton, Jimblebar Mine, Rio Tinto, Coastal and Inland Newman, WA Shutdown Maintenance (2 contracts, Rio Tinto, Marandoo Mine Phase 2, 3-year extensions), Pilbara, WA Tom Price,
Slide 20: People Performance
People Performance Highlights Employee Numbers End of year employee numbers at record levels Restructure of human resources function to support expanding operations Continued implementation of attraction, development and retention initiatives New long-term employee incentive program for 235
Slide 21: The Safe Way is the Only Way
Safety Scorecard Injury Frequency Rate The Safe Way is the Only Way (per million hours worked) TCIFR improved 31.6% to 6.0 LTI improved 18.8% to 0.13 Achieved 12-months LTI free for first time in January Continued implementation of Safety Leadership Program 12 month moving average 21 www.mon
Slide 22: Strategic Progress
Strategic Progress Markets and Growth Maintained leading position in core markets Increased presence in coal and energy To maximise growth and returns from Secured first marine construction contract core markets of resources and energy Expanded pipeline business To build a substantial bu
Slide 23: Market Expansion
Market Expansion Sales Revenue 23 www.monadelphous.com.au
Slide 24: Australian Market Conditions
Australian Market Conditions Resources (Mining Capex A$b) Energy (Oil and Gas Capex A$b) Infrastructure (Public Sector Capex A$b) Maintenance (Resources and Energy A$b) Source: BIS Schrapnel - Mining Investment by Commodity Total New Fixed Capital Expenditure Constant 2009/10 Prices (updated Novembe
Slide 25: Project Pipeline
Project Pipeline Proposed CAPEX on the 98 advanced EXPECTED Australian resources and energy SIGNFICANT PROSPECTS COMPLETION CAPEX projects is > $260b Wheatstone LNG Chevron/Apache/KUFPEC/Shell 2016 $28b Australia Pacific LNG 2016 $14b Origin/ConocoPhillips/Sinopec Gladstone LNG 2015 $16b Santos/Petr
Slide 26: Outlook
Outlook Strong pipeline of opportunities - High levels of resources and energy projects and secured work provides strong construction revenue visibility for FY13 and beyond - Maintenance opportunities growing as projects reach completion and startup Record levels of activity - Large volume of co
Slide 27: Non-IFRS Financial Information
Non-IFRS Financial Information ^Reconciliation Monadelphous Group Limited results are reported under International 2012 2011 Financial Reporting Standards (IFRS) as issued by the International $’000 $’000 Accounting Standards Board. The Company discloses certain non- Underlying EBITDA IFRS measures
Slide 28: Disclaimer and Important Notice
Disclaimer and Important Notice 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
Slide 29: Contact
Contact www.monadelphous.com.au Information for Investors/Analysts: Rachael Cutler, Investor Relations Manager Telephone: +61 (08) 9315 7429 Email: rcutler@monadel.com.au 29 www.monadelphous.com.au
Slide 30: Annual General Meeting 2012
TitleMeeting 2012 Annual General XX 20November November2012 2012
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