Slide 1: 2003/04 Financial Results and Company Update
Monadelphous Group 2003/04 Financial Results and Company Update September 2004 ml Monadelphous
Slide 2: 2003/04 Summary
2003/04 Summary Record profits reported with NPAT up 21% to $8.5m and EPS up 16% to 44.5cps v Fully franked dividend up 20% to 30 cents per share ¥ Improved margins from strong operational performance ¥ Focus on building capability and forward workload ¥ $200m + new contracts won in 6 months to July
Slide 3: 2003/04 Financial Highlights
2003/04 Financial Highlights 2003/04 Revenue from Ordinary Activities $223.4m Net Profit After Tax $8.5m $7.14m +20.6% EBITDA $16.1m $15.3m +5.2% Earnings Per Share 44.5 cents 38.2 cents +16.5% Dividend Per Share/Fully Franked 30 cents 25 cents +20% Net Tangible Asset Backing Per Share $2.01 $1.83 +
Slide 4: Financial Performance
Financial Performance Revenues From Ordinary Activities « Lower revenue reflects: - Timing of completed contracts - Commencement of new contracts #039;000 - The closure of marginally performing regional operations at Mt Magnet and Karratha ken 08 Jun 02 Jus 08 un 04 Net Profit After Tax « NPAT $8.5m up
Slide 5: Financial Performance
Financial Performance EPS (Earnings Per Share) « EPS of 44.5 cents per share up 20.2% on a small dilution in shares Cents Jun Ot Jun 02 Jun 03 un 04 Total Dividend Payments « Final dividend of 19 cents per share fully franked « Full year’s dividend 30 cents per share fully franked up 20% Cents « Div
Slide 6: Financial Performance
Financial Performance EBITDA (Earnings Before Interest, Tax « EBITDA of $16.1m up 5.2% Depreciation and Amortisation) « Depreciation charge down $1.0m due to: - The sale of plant and equipment earlier in the financial year $000 - Some assets fully depreciated part way through the period f i , i - CA
Slide 7: Financial Performance
Financial Performance Total Shareholders Equity « Shareholders’ equity up 15.2% to 39.3m and is a reflection of the company’s financial strength Jun 01 Jun 02 Jun 03 Jun 04 Return on Equity « Return on equity 21.7% « Continuing to deliver the company’s objective of secure financial growth for our sh
Slide 8: Financial Performance
Financial Performance Capital Expenditure « Capital expenditure incurred $4.5m « Capital investment will increase significantly in 2004/2005 with the purchase of two crawler cranes totalling $6m in value $000's « Other plant and equipment purchases will improve capability to better meet future deman
Slide 9: Structure
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Slide 10: Top Customers
Top 10 Customers BHP Billiton (Iron Ore, Nickel,Coal) ¥ WNC Resources (Copper, Nickel) ¥ Woodside (Oil & Gas) ¥ Queensland Alumina (Alumina) v¥ Alcan Gove (Alumina) ¥ Rio Tinto Hamersley Iron (Iron Ore) ¥ Comalco (Alumina) v¥ Xstrata (Copper, Lead) ¥ Alcoa (Alumina) ¥ Chevron Texaco (Oil & Gas) ml M
Slide 11: Engineering Construction - Capabilities
Engineering Construction - Capabilities ¥ Multi-disciplinary project management and engineering construction services ¥ Design and construction projects with selected alliance or joint venture partners ¥ Leading capability in — Processing and mechanical equipment Installation — Structural steel erec
Slide 12: Engineering Construction - 2003/04 Highlights
Engineering Construction - 2003/04 Highlights Major contracts substantially completed: ¥ BHP Billiton Iron Ore expansions at Mining Area C, Nelson Point, Finucane Island ($80m+) ¥ Additional $50m Iron Ore expansion contracts won including: — Hamersley Iron at Yandi — Robe River at Cape Lambert — BHP
Slide 13: Engineering Construction - 2003/04 Highlights
Engineering Construction - 2003/04 Highlights Major projects secured and currently underway: v¥ Hamersley Iron Parker Point Expansion $30m ¥ Burrup Fertilisers Ammonia Plant $40m ¥ Hamersley Iron 36MT Yandi Upgrade $50m ¥ Xstrata Rolleston Coal Plant $25m ml Monadelphous 13
Slide 14: Maintenance & Industrial Services - Capabilities
Maintenance & Industrial Services - Capabilities Comprehensive single source services to support operations facilities ¥ Maintenance of above and below ground fixed and mobile plant v¥ Maintenance of mining, mineral and oil and gas processing facilities ¥ Concrete and structural repairs v Mill relin
Slide 15: Maintenance & Industrial Services - 2003/04 Highlights
Maintenance & Industrial Services - 2003/04 Highlights LNG PHASE IV EXPANSION v Substantial completion of General Services contract with Woodside Energy’s LNG4 Expansion in WA (in JV with Brambles) vY Extension of maintenance services contract with ChevronTexaco at Barrow and Thevenard Islands v Ext
Slide 16: Maintenance & Industrial Services - 2003/04 Highlights
Maintenance & Industrial Services - 2003/04 Highlights v¥ Won 5 year reliability services contract with Comalco in Gladstone (in JV with Fluor Australia) v¥ Won 3 year maintenance services contract by WMC at Olympic Dam (in JV with Fluor Australia and Broadspectrum) Y Additional ground handling cont
Slide 17: Resource Sector activity buoyant
¥ Resource Sector activity buoyant ¥ Increasing volume of work from existing customers Y Forward workload at record levels ¥ Confident of revenue growth in 2005 - targeting $300m Y Positive long term prospects from planned resource developments including: - Iron Ore (Rio Tinto and BHP Billiton) -— O
Slide 18: Continue to build capability for long term sustainable growth
¥ Continue to build capability for long term sustainable growth - People and management development - Increasing capital investment in plant and equipment ¥ Continue to pursue long term aim of growth in Maintenance & Industrial Services business ¥Y Strong financial position for strategic acquisition
Slide 19: Major Shareholders
Major Shareholders Top 20 holders of ORDINARY FULLY PAID SHARES - 14 Sep 2004 % of Issued Rank Name Units Capital 1. NATIONAL NOMINEES LIMITED 2,810,245 14.35 2 INVIA CUSTODIAN PTY LIMITED 2,099,669 10.72 3 GIOVANNI NOMINEES PTY LTD 2,001,000 10.22 4 ANZ NOMINEES LIMITED 551,174 2.81 5 WESTPAC CUSTO
Slide 20: Share Price History
Share Price History Share Price History 0.00 r r i r r 1 : r Jun01 DecOi Jun02 DecO2 DecO2 Jun03 Dec03 Jun04 Sep-04 Market capitalisation (as at 01 September 2004) $135 million ml Monadelphous 20