Slide 1: 2005 Annual Results Presentation
Monadelphous 2005 Annual Results Presentation August 2005
Slide 2: Highlights
i Moradelprous Highlights @ 95% increase in profit after tax @ Health & Safety performance (TCIFR) improved by 20% @ Record levels of resource development activity providing numerous opportunities @ Shortage of skilled labour is a challenge @ Workload levels expected to at least continue at current
Slide 3: Financial Highlights
i Monadelpnous Financial Highlights @ Exceptional Financial Year Performance e NPAT up 95% to $16.7M e EPS up 90% to 21.1cps @ One to four share split approved by shareholders @ Final dividend up 89% to 9.0cpsff @ Full year dividends of 19.25cpsff, including a special dividend of 5.0cpsff ® Special
Slide 4: Financial Performance Summary
Revenue EBITDA Net Profit After Tax Earnings per Share Final Dividend Return on Equity ‘Financial Performance Summary Jun 05 $390.6M $29.2M $16.7M 21.1¢ 9.00cpsff 36.1% Jun 04 $220.8M $16.1M $8.5M 11.1¢ 4.75cepstt 21.7% i Monadelphous
Slide 5: Continued Strong Growth Rate
fi) Monadelpnous Continued Strong Growth Rate Revenue Profit After Tax 400,000 380,000: 300,004, 250,000. 200,000. $000 i 160,000. 100,000. 50,000 of 2001 2002 2003 2004 2005, "001 2002 2003 2008 2005 @ Dec Half m June Half Dec Half mJune Haf @ 77% increase in revenue and 95% increase in PAT fuelled
Slide 6: Improved Margins
a Monadelphnous Improved Margins EBITDA Margin Profit After Tax Margin / 2001 2002 2003 2004 2008 coor — — — — @ Doo Half m Full Year Dec Half mi Full Year ' @ 2005 EBITDA margin of 7.5% and PAT margins of 4.3% improved by 0.2pts and 0.4pts respectively
Slide 7: Strong Cash Flow
fi) Monadeiphous Strong Cash Flow ' EBITDA Cashflow from Operations $000 #039; 000 2001 2002 2003 2004 2005 2001 2002 2003 208 2005 i tDec Half gg June Half taDec Hal! ga June Half / @ EBITDA of $29.2M, up 81% in line with the increase in revenue e Strong operating cash flows of $24.0M, up 268% due to
Slide 8: Special Dividend
a Monadelonous Special Dividend Earnings Per Share Total Dividend Payments Cents Cents cy 2004 2008 2001 2002 2003 2004 2005 Dec Half mJune Half @interim Dividend gi Final Divdend Special Dividend / e@ EPS of 21.1cps up 90% and DPS of 19.25cps up 157% on pep @ Interim dividend of 5.25cpsff and speci
Slide 9: Net Cash Position Maintained
; i Monadelphous “Net Cash Position Maintained ~ Debt to Equity 2003 Capital Expenditure $000 J ] ont we Full Year fq Dec Halt m June Half @ Comfortable with debt to equity ratio increase from 18.5% to 38% @ 99% of debt is hire purchase leases, totalling $17.4m ® Cash balance of $22.2m gives a stron
Slide 10: Well Above Average Return on Equity
Pu Mornadelphous “Well Above Average Return on Equity Return on Equity 2001 2002 2003 2004 2005 Dec Half m June Half @ Return on equity 36.1% was well above historic average
Slide 11: People Performance
we EU Monadéelpnous People Performance Employee Numbers Total Case Injury Frequency Rate (TCIF ; R) 2001 2002 2003 2004 2005 : 200 002 2008 200 2008 mms FCI R ®@ Injury frequency rate reduced by 20% @ Steady increase in employee numbers during the past 5 years @ Major focus on staff recruitment and
Slide 12: Engineering Construction Division
AS (9 Monadelphous Engineering Construction Division 04/05 03/04 Revenue $239M $101M @ Undergone rapid expansion throughout 2004/2005 e@ Zero Lost Time Injuries (over 1 million manhours)
Slide 13: Engineering Construction Division Highlights
i Moradelphous Engineering Construction Division Highlights Revenues boosted by completion or substantial progress on major construction contracts including: e Expansion of Comalco’s bauxite operations, Weipa, QLD e Coal handling facilities for Xstrata’s Rolleston Coal Project, QLD e lron ore rail c
Slide 14: Engineering Construction Division Highlights
a Monadelphous Engineering Construction Division Highlights Major projects secured and underway included: e Major expansion of iron ore stockyards for Rio Tinto’s Dampier Port Upgrade Project, WA e Sulphuric Acid Plant for BHP Billiton’s Ravensthorpe Nickel Project, WA e Extension of stockpile capac
Slide 15: Maintenance & Industrial Services Division
i Monadelphous Maintenance & Industrial Services Division 04/05 03/04 Revenue $151M $120M @ Secured a number of long term contracts and new major customers @ Acquisition of Murray Instrumentation & Electrical
Slide 16: Maintenance & Industrial Service Division Highlights
/ ; ss : we ff Monadeipnous Maintenance. & Industrial Service Division Highlights. Growth/expansion of maintenance services business in Queensland: e New long-term contract at the new Comalico Alumina Refinery in Gladstone e Preferred contractor to provide mechanical services at Comalco’s Boyne Smel
Slide 17: Experienced substantial growth during 2004/2005
i Moneadelphous Experienced substantial growth during 2004/2005 New contracts secured with Malaysian Airlines and Value Air in Perth, WA and the establishment of operations at Brisbane airport, QLD Preferred ground handling service for HRH Prince Charles and Sultan of Brunei during their visits this
Slide 18: Acquisitions
i Monadelpnous ~Acquisitions | May 2005 announced acquisition of specialist electrical and instrumentation contractor, Murray Instrumentation & Electrical (MIE) Strategic milestone for the company Significant step forward to achieving the objective to diversify and grow urray Instrumentation & Elect
Slide 19: Key Customers
a Monacdelpnous “Key Customers _ @ BHP Billiton (Iron Ore, Nickel, Coal) @ Rio Tinto Hamersley Iron (Iron Ore) @ WMC Resources (Copper, Nickel) ® Xstrata (Copper, Lead) ® Comalco (Alumina) @ Queensland Alumina (Alumina) @ Alcan Gove (Alumina) ® Chevron (Oil, Gas) @ Alcoa (Alumina) @ Santos (Oil, Gas
Slide 20: Outlook
oN i Monadelphous @ A booming market coupled with a strong competitive position @ Record levels of resource sector investment forecast for at least the next 2 to 3 years ® Forward workload levels expected to at least continue at current levels for 2006 financial year : @ 2006 revenues will be subjec