Monadelphous Group Limited · ASX:MND
Monadelphous — H1 2025 Earnings Presentation
18 slides from Monadelphous's earnings presentation, Feb 18, 2025
Slide 1: Half Year Results
Half Year Results Ke) N oO N j TOGETHER WE DELIVER nl Monadelphous
Slide 2: Monadelphous Profile
Monadelphous Profile *Employees and total workforce as at 31 December 2024. 2
Slide 3: H1 2025 Group Performance and Highlights
H1 2025 Group Performance and Highlights REVENUE FROM CONTRACTS WITH CUSTOMERS 1 Revenue by end customer Revenue by division ($m) $1.051 BILLION 4.2% 303.1 405.4 Engineering Energy 33% NET PROFIT AFTER TAX Construction Iron ore 26% $42.5 MILLION Energy transition metals 18% Maintenance 41.3% 708.0 6
Slide 4: Contracts Secured
Contracts Secured NEW CONTRACTS AND EXTENSIONS BILLION $1.7 Refer to Appendices for contract details. 4
Slide 5: Sustainability
Sustainability PEOPLE 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 FY22 HY23 FY23 HY24 FY24 HY25 Corporate Maintenance & Industrial Services Engineering Construction Employees Employees Employees Subcontractors Subcontractors Subcontractors • Employee retention rates continue to improve • Focus
Slide 6: Sustainability
10 Sustainability 8 SAFETY AND WELLBEING 6 4 3.34 TRIFR 0.85 2 HPIFR 0.13 0 LTIFR FY21 HY22 FY22 HY23 FY23 HY24 FY24 HY25 • Total recordable injury frequency rate relatively stable • Broad industry recognition for commitment to safety and innovation • Continuation of Fatal Risk Controls campaign • O
Slide 7: Sustainability
Sustainability DIVERSITY AND INCLUSION, COMMUNITY & ENVIRONMENT FIRST NATIONS WORKFORCE FIRST NATIONS BUSINESS SPEND PARTICIPATION MILLION Target of 3% 3.7% $9.0 • Exceeded First Nations workforce participation and business spend targets • Career opportunity pathways provided to First Nations employ
Slide 8: H1 2025 Divisional Highlights
H1 2025 Divisional Highlights ENGINEERING CONSTRUCTION Revenue by end customer Revenue ($m) Energy transition metals 37% Iron ore 34% Other minerals 10% 303.1 405.4 Energy 10% Infrastructure 9% HY24 HY25 • Revenue of $405.4 million1, 33.7 per cent increase • Awarded $740 million of new construction
Slide 9: H1 2025 Divisional Highlights
H1 2025 Divisional Highlights MAINTENANCE & INDUSTRIAL SERVICES Revenue by end customer Revenue ($m) Energy 48% Other minerals 21% Iron ore 20% Energy transition 708.0 645.1 metals 6% Infrastructure 5% HY24 HY25 • Revenue of $645.1 million • Strong overall demand for maintenance services across all
Slide 10: Financial Snapshot
Financial Snapshot PERIOD ENDED 31 DECEMBER HY25 HY24 CHANGE Revenue from contracts with customers1 $M 1,050.5 1,007.9 4.2% Engineering Construction1 $M 405.4 303.1 33.7% Maintenance & Industrial Services $M 645.1 708.0 (8.9%) Internal Eliminations $M - (3.2) EBITDA2 $M 79.8 61.3 30.2% EBITDA margin
Slide 11: Industry Outlook – Australia
Industry Outlook – Australia Resources Capex A$b 30 Energy (O&G) Capex A$b 40 35 25 30 Energy 20 25 transition metals 20 15 Iron ore 15 10 10 Other minerals 5 5 0 0 2022 2023 2024 2025f 2026f 2027f 2028f 2029f 2022 2023 2024 2025f 2026f 2027f 2028f 2029f Source: Oxford Economics, ABS (November 2024)
Slide 12: Outlook
Outlook • Resources and energy demand expected to remain strong • Increasing investment related to decarbonisation • Significant pipeline of prospects in resources and energy • Sustaining capital works and maintenance services driven by high production levels • Modest recovery in energy transition m
Slide 13: APPENDICES
APPENDICES 13
Slide 14: Contracts Secured - Detail
Contracts Secured - Detail ENGINEERING CONSTRUCTION Market Sector 1 BHP – Dewatering of surplus water from Orebody 32 Iron Ore 2 BHP – Multidisciplinary construction services associated with surface materials handling system, winder building and hoist at Prominent Hill Expansion Project Copper 3 CS
Slide 15: Engineering Construction
Engineering Construction MAJOR PROJECTS H1 2025 Market Sector Location 1 Albemarle – Kemerton Expansion Project – Construction works for front-end pyromet, and utilities and reagents work scopes Lithium Kemerton, WA associated with new lithium processing trains Bechtel – Woodside’s Pluto Train 2 Pro
Slide 16: Maintenance & Industrial Services
Maintenance & Industrial Services MAJOR CONTRACTS H1 2025 Market Sector Location Albemarle1 – Maintenance services and sustaining capital projects Lithium Kemerton, WA BHP – Mt Arthur Coal – Shutdown maintenance and minor projects Coal Hunter Valley, NSW BHP – Olympic Dam – Maintenance and shutdowns
Slide 17: Notes to Financials
Notes to Financials Non-IFRS Financial Reconciliation of total revenue from contracts with HY25 HY24 Information customers including joint ventures to statutory revenue $’000 $’000 Monadelphous Group from contracts with customers (unaudited) Limited results are reported Total revenue from contracts
Slide 18: Disclaimer & Important Notice
Disclaimer & 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 a