Slide 1: Half Year Results
HALF YEAR Monadelphous RESULTS TOGETHER WE DELIVER 21 FEBRUARY 2023
Slide 2: In Memory of John Rubino
Monadelphous IN MEMORY OF OHN UBIN 1945 - 2023 Calogero Giovanni (John) Battista Rubino was born in Delia, a small agricultural town in Sicily, Italy, on 26 June 1945, An only son, with three younger sisters, John made the tough decision to leave his tight-knit family in Italy at the age of 21 in se
Slide 3: Monadelphous Profile
MONADELPHOUS PROFILE Employees and total workforce as at 31 December 2022 3
Slide 4: H1 2023 Group Performance and Highlights
H1 2023 GROUP PERFORMANCE AND HIGHLIGHTS REVENUE 1 REVENUE BY END CUSTOMER REVENUE BY DIVISION ($M) $953.0 MILLION EBITDA MARGIN 2 Iron ore 32% 277.7 471.6 Engineering PER CENT Oil and gas 29% Construction 6.1 NET PROFIT AFTER TAX ATTRIBUTABLE TO EQUITY Other minerals Copper Coal 13% 10% 7% 676.8 59
Slide 5: Contracts Secured
CONTRACTS SECURED Refer to Appendices for contract details 5
Slide 6: Safety and Wellbeing
SAFETY AND WELLBEING 6 2.40 4 TRIFR 0.56 2 SIFR 0.22 LTIFR 0 2020 2021 2022 2023 • 22% improvement in total recordable injury frequency rate • 45% improvement in serious incident frequency rate over the last year • Recognised by industry for safety innovations • Focused on improving employee physica
Slide 7: People
PEOPLE • Industry labour shortages remain a significant challenge • Bolstered employee retention and attraction initiatives • Company-wide employee survey undertaken • Launched Respect@Monadelphous program • Ramped up international sourcing strategy • Comprehensive review of graduate program 7
Slide 8: Sustainability, Diversity, Community & Environment
SUSTAINABILITY DIVERSITY, COMMUNITY & ENVIRONMENT • Launched latest Stretch Reconciliation Action Plan • Welcomed new cohort to Indigenous Employment Pathways Program • Continued support of Polly Farmer Foundation • Launched Nintirri Room at Monadelphous Development Centre • Progressed actions outli
Slide 9: Engineering Construction
H1 2023 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION REVENUE BY END CUSTOMER REVENUE ($M) Iron ore 50% Infrastructure 20% Other minerals 13% 471.6 Lithium 7% Oil and gas 6% 277.7 Copper 4% HY23 HY22 • Revenue of $277.7 million1 • Secured approximately $280 million of new work • High levels of tend
Slide 10: Maintenance & Industrial Services
H1 2023 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES REVENUE BY END CUSTOMER REVENUE ($M) Oil and gas 38% Iron ore 25% Other minerals 13% Copper 12% 676.8 596.1 Coal 11% Infrastructure 1% HY23 HY22 • Record 6-month revenue of $676.8 million • Sustained buoyant conditions across resources
Slide 11: Financial Snapshot
FINANCIAL SNAPSHOT Period ended 31 December HY23 HY22 CHANGE Revenue1 $M 953.0 1,064.6 (10.5%) Engineering Construction1 $M 277.7 471.6 (42.1%) Maintenance & Industrial Services $M 676.8 596.1 13.5% Internal Eliminations $M (1.5) (3.1) EBITDA2 $M 58.2 60.9 (4.5%) EBITDA margin % 6.1 5.7 0.4pp NPAT A
Slide 12: Industry Outlook – Australia
INDUSTRY OUTLOOK – AUSTRALIA RESOURCES CAPEX A$B 40 ENERGY (O&G) CAPEX A$B 40 35 35 30 30 25 25 Copper 20 20 Gold 15 15 Other minerals 10 Coal 10 Iron ore 5 5 0 0 2018 2019 2020 2021 2022 2023f 2024f 2025f 2026f 2027f 2018 2019 2020 2021 2022 2023f 2024f 2025f 2026f 2027f Source: BIS Oxford Economic
Slide 13: Outlook
OUTLOOK • Significant number of prospects across broad range of commodity markets • Australian iron ore industry expected to remain buoyant • High global demand for battery metals driving significant investment • Favourable conditions in oil and gas sector • Australia’s transition to clean energy to
Slide 14: For More Information
FOR MORE INFORMATION: Investor Relations Telephone: +61 8 9316 6386 Email: investor_relations@monadel.com.au www.monadelphous.com.au 998.4 841.1 652.9 14
Slide 15: Appendices
APPENDICES APPENDICES
Slide 16: Contracts Secured – Detail
CONTRACTS SECURED – DETAIL * Announced subsequent to 31 December 2022 16
Slide 17: Engineering Construction Major Projects H1 2023
ENGINEERING CONSTRUCTION MAJOR PROJECTS H1 2023 • Fortescue Metals Group subsidiary FMG Iron Bridge and Formosa Steel IB – construction services at Iron Bridge Magnetite Project, Pilbara, WA • Rio Tinto – SMPE&I works associated with Gudai-Darri Project, Pilbara, WA • Fortescue Metals Group – Crane
Slide 18: Maintenance & Industrial Services Major Contracts H1 2023
MAINTENANCE & INDUSTRIAL SERVICES MAJOR CONTRACTS H1 2023 • Woodside – Onshore and offshore maintenance and brownfields services for Woodside-operated gas production facilities in north-west WA, maintenance and turnarounds at Karratha Gas Plant and Pluto LNG, WA • Rio Tinto – Fixed plant maintenance
Slide 19: Notes to Financials
NOTES TO FINANCIALS Non-IFRS Financial Reconciliation of total revenue from contracts with Information customers including joint ventures to statutory revenue HY23 HY22 from contracts with customers $’000 $’000 Monadelphous Group Limited results are reported Total revenue from contracts with custome
Slide 20: 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