Worley Limited · ASX:WOR
Worley — UBS Emerging Companies Conference 2003
23 slides from Worley's conference presentation, Oct 21, 2003
Slide 1: UBS Emerging Companies Conference
Mid UBS Emerging Companies Conference Octobe John Grill, Chief Executive Office: ee oO eee if 7D yy, a es a ee
Slide 2: The Business
The Business e A leading provider of professional services to the energy, resource and complex process Industries e Provides a broad range of services across all phases of projects 4 2 3 4 5 IDENTIFY SELECT DEFINE EXECUTE OPERATE Licences Appraisal Asset Dev't Plans Delalied Design Maintain Expiorat
Slide 3: International Operations
international Operations Qlrinidedt Malaysia ) New Zealand 17 Countries 41 Offices Over 4500 Personnel idsitit##tt##((##(##N(tit#((#(O(O#(##C(C#(O(O#i#(Owti;wtié#O(#(#(O##(C(Otié#;( Owté# Uwié##( wéié#; Uwé#; wéié#COwt#téts;(;wéiés#C;( wé#; wéiéiétéiéstsiéswi##C(wé#C;
Slide 4: 2003 Financial Year
2003 Financial Year e ASX listing; 28 Novernber 2002 - $1.75 e 2003 Financial Year, record result for Group ~ Aggregated revenue $474.4 million ~ Net profit up 46.2% to $25.9 million ~ Net profit up 38.3% ex Atria to $24.5 million e Retum on Equity 23% e 40% of 2003 aggregated revenue is long-term a
Slide 5: Year Strategic Plan
5 Year Strategic Plan Differentiator Objective Measures Outstanding operational & corporate performance [em harm hssagement orrsk Sastzines growth lOptmises use of capita & dott [Corporate povernarce [LFIFR < 6.5. fost tina injury frequency rate per mifan manbours HTRIFR < 2.0. tote secordable injur
Slide 6: Strategic Context: more services; everywhere
Strategic Context: more services; everywhere A Asset Mgmt Services Increasing Technological Sophistication p — Hemisphere or Delivery Sophistication Development opportunities Alliancing Project Services Increasing Familiarity / Integration / Coverage
Slide 7: Objectives & Measures
Objectives & Measures Hi Impact on Business Lo Objective @ Zero har ® @ increase # Gil price Ld of services FX Risk Management Control Hi Hi Measurable Lo Measures @ LTIFR <0.5 @ New services / total revenue Assignable to Management Hi
Slide 8: Differentiators
Differentiators 1. Outstanding Operational & Corporate Performance 2. Focus on Long-term Contracts; integrated Services Contracts (SC) and Alliances 3. Success in Project Delivery; Large and Small 4. Comprehensive Geographic Presence and Industry Capability 5. ldentification, Integration and Growth
Slide 9: Differentiator No 1: Outstanding Operational & Corporate Performance
Differentiator No 4 Outstanding Cperatonal & Corporate Performance do what we are currently doing as well as possible _ Measures: Zero harm LTIFR < 0.5 lost time injury frequency rate per million manhours TRIFR < 2.0 total recordable injury frequency rate per million manhours Health, Safety & Enviro
Slide 10: Zero Harm
Zero Harm
Slide 11: Differentiator No 2: Long-term Contracts
Differentiator No 2 Focus on Long-term Contracts; lniegrated Services Contracts (1SCs) and AMAnces Continual improvement of performance Contract retention, extension and migration Performance top quartile confirmed by benchmarking Increasing range of services to match client needs Percentage of new
Slide 12: SCs / Alliances — Performance Top Quartile confirmed by Benchmarking
SCs / Alliances — Performance Top Quartile confirmed by Benchmarking BP Chemicals (Malaysia) Sdn Bhd Woodside
Slide 13: Differentiator No 3: Success in Project Delivery
Differentiator No 3 Success in Profect Delivery, Large and Small sammy projects will always be important Objective Measures Performance exceeding client expectations Health, Safety and Environment Schedule Cost Quality > 80% Client satisfaction index Grow capability for large projects EPCM $1 billio
Slide 14: Bayu Undan Project — Grow Capability for Large Projects
Bayu Undan Project — Grow Capability for Large Projects
Slide 15: Bayu Undan Project - Grow Capability for Large Projects
Bayu Undan Project - Grow Capability for Large Projects
Slide 16: Differentiator No 4: Geographic Presence and Industry Capability
Differentiator No 4 Comprehensive Geographic Presence and industry Capability across energy, resource and complex process indusiries "Measures Effective client and asset knowledge All operations profitable and sustaining Small offices close to clients Major project / hub offices Enhance internationa
Slide 17: Diversified Business
Diversified Business adi Aramed. All rights reserved, Published by permission of Saudi Aramco Saudi Aramco MPP
Slide 18: Differentiator No 5: Value-adding Acquisitions
Differentiator No 5 ldentiiicatton, integration and Growth of Valueadding Acquisitions ae increase geograolic lootpring industry depth and capability Objective: Identify opportunities, optimise commercial negotiations, due Expand capability and coverage diligence process and business case for merged
Slide 19: Expand Capability and Coverage
Expand Capability and Coverage
Slide 20: Differentiator No 6: Portfolio of Developments
Differentiator No 6 Portfolio of Devefopments saw ~— recognised as a developer of niche infrastructure projects Portfolio of developments Profit enhancement from equity sale Annuity income stream from equity retention Provider of long-term services
Slide 21: Developer of Niche Infrastructure
Developer of Niche Infrastructure Esperance
Slide 22: Year Strategic Plan
5 Year Strategic Plan Differentiator Objective Measures Outstanding operational & corporate performance [em harm hssagement orrsk Sastzines growth lOptmises use of capita & dott [Corporate povernarce [LFIFR < 6.5. fost tina injury frequency rate per mifan manbours HTRIFR < 2.0. tote secordable injur
Slide 23: Short to Medium Term Outlook
Short to Medium Term Outlook e Expect to deliver further increase in earnings e Long-term contracts growing from current position of 40% of revenue e 2nd Half weighting - Conversion of FEED (Phases 2-3) to Detailed Design (Phase 4) ~ Alliance start-ups ~ Commercial operation - Esperance Energy Proje