Slide 1: 2013 Full Year Results
2013 Full Year Results For personal use only 20 August 2013
Slide 2: Company Profile
Company Profile For personal use only Monadelphous Group Limited (ASX:MND) is an S&P/ASX 100 company that provides construction, maintenance and industrial services to the resources, energy and infrastructure sector throughout Australasia. Market Earnings Dividends People Revenue capitalisation per
Slide 3: Group Highlights
Group Highlights For personal use only 12th consecutive year of earnings growth • Sales revenue up 37.8% to $2,614m Financial • NPAT up 24.1% on prior year underlying^ to $156.3m • EPS up 21.5%^ to 173c, DPS up 9.6% to 137c • Extraordinary surge in construction activity • Outstanding safety performa
Slide 4: Contract Activity
Contract Activity For personal use only Geographic representation 4 4
Slide 5: Sales Revenue Analysis
Sales Revenue Analysis For personal use only *SMP - Structural, mechanical and piping; E&I - Electrical and instrumentation; O&M - Operations and maintenance. 5
Slide 6: Contracts Secured
Contracts Secured For personal use only $1.3b of new contracts and contract extensions 6
Slide 7: Safety Scorecard
Safety Scorecard For personal use only Outstanding safety performance Record safety performance in rapid- growth environment TCIFR improved 31.6% to 4.1 incidents per million man-hours worked Launched Life Saving Rules Integrated Safety Leadership Program into operations 7
Slide 8: People Performance
People Performance For personal use only Successful recruitment campaign to meet extraordinary project demands New website and enhanced corporate and employer branding Established Employee Development Centre Reconciliation Action Plan (RAP) launched 8
Slide 9: Financial Performance
Financial Performance For personal use only Group highlights Unit FY13 FY12 Change Sales Revenue $m 2,614.1 1,897.5 +37.8% EBITDA^ $m 247.0 196.5 +25.7% EBITDA Margin^ % 9.45 10.35 -0.90pp* NPAT^ $m 156.3 126.0 +24.1% NPAT Margin^ % 5.98 6.64 -0.66pp* EPS^ cps 173.0 142.4 +21.5% Operating Cash Flow
Slide 10: Financial Position and Funding
Financial Position and Funding For personal use only Balance sheet remains robust Jun-13 Jun-12 Change $m $m Cash at Bank 195.3 203.6 -4.0% Net Cash Position 140.2 152.9 -8.3% (Cash less interest bearing loans and borrowings) Capital Expenditure 46.4 74.2 -37.5% (Cash and Hire Purchase) Capital Expe
Slide 11: Historical Performance
Historical Performance For personal use only Historical Performance Sales Revenue ($M) EBITDA^ ($M) Net Profit After Tax^ ($M) +37.8% +25.7% +24.1% Earnings Per Share^ (Cents) Dividends Per Share (Cents) Net Cash Position ($M) +21.5% +9.6% -8.3% ^ = Underlying basis. Refer to slide 23 for reconcilia
Slide 12: Cash Flow Performance
Cash Flow Performance For personal use only Cash Flow Performance Operating Cash Flow ($M) Operating cash flow impacted by working capital increase due to: • Significant surge in construction activity H2 • Concurrency of large projects approaching completion H1 • Customers lengthening duration of co
Slide 13: Net Profit After Tax Analysis
Net Profit After Tax Analysis For personal use only NPAT waterfall ($M) ^ = Underlying basis. Refer to slide 23 for reconciliation 13
Slide 14: Divisional Sales Revenue Summary
Divisional Sales Revenue Summary For personal use only Growth in all divisions FY13 FY12 Change $m $m Engineering Construction* 1,783.9 1,144.5 +55.9% Maintenance & Industrial Services 644.0 634.5 +1.5% Infrastructure 199.8 133.3 +49.9% Internal Eliminations -13.6 -14.8 Total 2,614.1 1,897.5 +37.8%
Slide 15: Engineering Construction
Engineering Construction For personal use only Highlights Sales Revenue Revenue grew 56% to $1.78 b Iron ore and coal projects dominate revenue landscape $M $700m of new contracts $M Major Project Involvement Major Project Secured • BHPB, PHIHP, Finucane Island & Nelson • BHPB Jimblebar, Newman, WA
Slide 16: Maintenance and Industrial Services
Maintenance and Industrial Services For personal use only Highlights Sales Revenue $600m in new contracts and extensions Strong growth in oil and gas maintenance activity $M Secured Woodside and QGC LNG services contracts Consolidation within division Contract Extensions New Contracts • BHPB, coasta
Slide 17: Infrastructure
Infrastructure For personal use only Highlights Sales Revenue Strong sales growth of 50% Transition of water into EC and energy services into M&IS $M 20% growth in aviation services Major Project Involvement New Contracts • Rio Tinto, Coastal Waters Project, • Unitywater, upgrade to Maleny Sewage Pi
Slide 18: Strategy
Strategy For personal use only Progress during the year Markets and Growth • Capitalised on our leadership position in To maximise growth and returns from core core markets markets of resources and energy • Strengthened our position in oil and gas To build a substantial business in • Established sup
Slide 19: Australian Market Conditions
Australian Market Conditions For personal use only Resources Significant change in outlook for the Australian resources sector in the past 12 months Construction activity forecast to peak in 2013 Forecast capex is approximately $204 b over five years Energy Increased activity in oil & gas sector exp
Slide 20: Australian Market Conditions (cont'd)
Australian Market Conditions (cont’d) For personal use only Infrastructure Construction activity forecast to remain flat Maintenance Activity expected to grow as new projects are commissioned and operations come on stream Compared to April 2012 - $561b Source: BIS Shrapnel Mining Investment by Commo
Slide 21: Project Pipeline
Project Pipeline For personal use only Regional investment for committed projects is ~$268b Expected Significant Prospects Capex Start-up Ichthys Gas Field (including Darwin LNG Plant) Underway $33b Inpex/Total Wheatstone LNG Underway $29b NT Chevron/Apache/KUFPEC/Shell $34b Upstream Queensland CSG
Slide 22: Outlook
Outlook For personal use only Consolidation after surge in growth • Market conditions in the resources sector have significantly tightened • Revenue levels for FY2014 expected to moderate after abnormal growth surge • Continued focus on cost reduction and productivity improvements to protect margins
Slide 23: Non-IFRS Financial Information
Non-IFRS Financial Information For personal use only ^ Reconciliation 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
Slide 24: Important Notice
Important Notice For personal use only Disclaimer 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
Slide 25: Analyst Questions
For personal use only 25 Analyst Questions
Slide 26: Contact Information
Contact Information For personal use only www.monadelphous.com.au Information for Investors/Analysts: Rachel Cooper, Investor Relations Manager Telephone: +61 (08) 9315 7429 Email: racooper@monadel.com.au 26