Monadelphous Group Limited · ASX:MND
Monadelphous — Shareholder Meeting (November 2009)
23 slides from Monadelphous's shareholder meeting presentation, Nov 24, 2009
Slide 1: 2009 Annual General Meeting
2009 Annual General Meeting 24 November 2009
Slide 2: Board of Directors
Board of Directors John Rubino Robert Velletri Chairman Managing Director Peter Dempsey Chris Michelmore Non-Executive Director Non-Executive Director Zoran Bebic CFO & Irwin Tollman Company Secretary Non-Executive Director 2 2009 Annual General Meeting – 24 November 2009
Slide 3: Agenda
Agenda Chairman’s Address John Rubino MD’s Address Rob Velletri Items of Business Zoran Bebic 3 2009 Annual General Meeting – 24 November 2009
Slide 4: Chairman's Address
Chairman’s Address 4 2009 Annual General Meeting – 24 November 2009
Slide 5: Group Highlights
Group Highlights • NPAT up 12% to $74.2m, EPS up 11% to 87.5c & DPS 74c • Sales revenue up 18% to $1.12b Financial • EBITDA up 11% to $116.1m, margins down slightly (10.3%) • Healthy cash flow conversion – $113.8m operating cash flow • Strong organic growth across all business units (up 11% - 43%) O
Slide 6: Historical Performance
Historical Performance 6 2009 Annual General Meeting – 24 November 2009
Slide 7: Managing Director's Address
Managing Director’s Address 7 2009 Annual General Meeting – 24 November 2009
Slide 8: Divisional Highlights
Divisional Highlights • Record sales $674.8 million up 17.2% EC • Awarded $500 million in new construction contracts • Secured Pluto LNG ($170m) Contract • Consolidated our large scale, national multi-disciplinary project capability MiE • Record sales $100.2 million up 31.8% • 12-months & 1 million
Slide 9: 2008/09 Major Contract Wins
2008/09 Major Contract Wins 9 2009 Annual General Meeting – 24 November 2009
Slide 10: 2009/10 Major Contract Wins to date
2009/10 Major Contract Wins to date 10 2009 Annual General Meeting – 24 November 2009
Slide 11: People Performance
People Performance Highlights: employee numbers • Record employee numbers driven by high activity levels 4,211 3,791 3,848 • Labour market conditions eased 2,926 • Focus on right sizing the workforce to 1,642 meet changing environment • Developed & consolidated our people performance & talent manage
Slide 12: Safety Scorecard
Safety Scorecard Highlights: injury frequency rates • Maintained our safety performance – (LTIFR & TCIFR) TCIFR improved 3% 22.6 17.3 TCIFR • Continued investment in HSE systems LTIFR and leadership training 12.6 8.6 8.3 • DuPont Safety Review completed and opportunities for improvement 2.3 2.8 1.2
Slide 13: Our Strategy & 2009 Progress
Our Strategy & 2009 Progress 2009 Progress • Maintained strong position in core markets Markets & Growth • Continued growth in recurring revenue base • To maximise growth & returns from our core markets of • Strong growth in multi-disciplinary services resources & energy • Continued market expansion
Slide 14: Market Conditions
Market Conditions Resources Energy (Australian Mining Capex – A$bn) (Australasian LNG/CSG Production – mtpa) $ 45bn 80% 70 65 $ 40bn 70% 60 Traditional $ 35bn 60% 55 50 resources $ 30bn 50% 45 40% markets $ 25bn 30% 40 $ 20bn 35 slowing 20% 30 $ 15bn 25 10% $ 10bn 20 - 15 $ 5bn (10%) 10 - (20%) 5 FY
Slide 15: Outlook
Outlook • Entered FY10 with healthy forward workload • $400 million in new contract wins since June 2009 • Full year revenues expected to be similar to last year • Competitive environment tighter – 10H1 margins holding • Energy and infrastructure markets to remain strong • Resources markets improvin
Slide 16: Items of Business
Items of Business 16 2009 Annual General Meeting – 24 November 2009
Slide 17: Item 2
Item 2 • To receive and consider the Financial Report, Directors’ Report and Auditor’s Report for the year ended 30 June 2009 17 2009 Annual General Meeting – 24 November 2009
Slide 18: Item 3 – Resolution 1
Item 3 – Resolution 1 • To elect one Director: Mr Peter John Dempsey retires by rotation in accordance with the Company’s Constitution and, being eligible, offers himself for re-election RE-ELECTION OF Peter Dempsey Non-Executive Director 18 2009 Annual General Meeting – 24 November 2009
Slide 19: Item 3 – Resolution 1
Item 3 – Resolution 1 • Total valid proxies received for Resolution 1 is 39,772,605 shares being: 38,585,552 for the resolution 71,788 against the resolution 1,092,536 to be voted at the proxy’s discretion 22,729 have abstained 19 2009 Annual General Meeting – 24 November 2009
Slide 20: Item 4 – Resolution 2
Item 4 – Resolution 2 • To consider and adopt the Remuneration Report for the year ended 30 June 2009 20 2009 Annual General Meeting – 24 November 2009
Slide 21: Item 4 – Resolution 2
Item 4 – Resolution 2 • Total valid proxies received for Resolution 2 is 39,772,605 shares being: 35,423,520 for the resolution 3,000,173 against the resolution 1,109,066 to be voted at the proxy’s discretion 239,846 have abstained 21 2009 Annual General Meeting – 24 November 2009
Slide 22: Item 5 – Other Business
Item 5 – Other Business 22 2009 Annual General Meeting – 24 November 2009
Slide 23: 2009 Annual General Meeting
2009 Annual General Meeting 24 November 2009
Monadelphous Group — Shareholder Meeting (November 2009) on 6ix