Monadelphous Group Limited · ASX:MND
Monadelphous — Shareholder Meeting (November 2012)
30 slides from Monadelphous's shareholder meeting presentation, Nov 20, 2012
Slide 1: Annual General Meeting 2012
For personal use only TitleMeeting 2012 Annual General XX 20November November2012 2012 Safety and Wellbeing | Integrity | Achievement | Teamwork | Loyalty
Slide 2: Agenda
For personal use only Agenda 1. Chairman’s Address 2. Managing Director’s Address 3. Items of Business 4. Other Business 2 www.monadelphous.com.au
Slide 3: Board of Directors and Chief Financial Officer
For personal use only Board of Directors and Chief Financial Officer John Rubino Rob Velletri Zoran Bebic Chairman Managing Director CFO and Company Secretary Peter Dempsey Chris Michelmore Irwin Tollman (Lead) Non-Executive Director Non-Executive Director Non-Executive Director 3 www.monadelphous.c
Slide 4: 1. Chairman's Address
For personal use only 1. Chairman’s Address John Rubino (Chairman) 4 www.monadelphous.com.au
Slide 5: Company Profile
For personal use only Company Profile Monadelphous Group Limited (ASX:MND) is a S&P/ASX 100 company that provides construction, maintenance and industrial services to the resources, energy and infrastructure sectors throughout Australasia Market People Revenue Earnings per Dividends per capitalisati
Slide 6: Long Growth History
For personal use only Long Growth History Growth Strategy Organic growth approach Increasingly larger contracts with blue chip customers Long term customer relationships - safe and reliable delivery Geographical expansion - WA, Queensland, SA, NT, NSW, China, PNG Oil and gas expansion El
Slide 7: Share Price Performance
For personal use only Share Price Performance Monadelphous 12‐month Share Price Performance (Rebased) (Source: Miraqle) Monadelphous +18% S&P/ASX 100 Industrials -2% S&P/ASX 100 -11% Top Five Shareholders Substantial Shareholder (Beneficial) Capital HSBC Nominees Australia 12.0% Mondrian Investment
Slide 8: Shareholder Return
For personal use only Shareholder Return Total Shareholder Return (TSR) is the total return to shareholders (including income from dividends and interest). TSR has been calculated to 30 June 2012. For comparison purposes, peers are ASX-listed companies operating in Monadelphous sectors, including Tr
Slide 9: 2. Managing Director's Address
For personal use only 2. Managing Director’s Address Rob Velletri (Managing Director) 9 www.monadelphous.com.au
Slide 10: Group Highlights
For personal use only Group Highlights Sales revenue up 31% to $1,897m Financial NPAT up 44% to $137m, underlying NPAT^ up 32% to $126m Underlying EPS^ up 31% to 142c, DPS up 32% to 125c Included in the S&P/ASX 100 index Corporate Divested stake in Norfolk Strong demand across all market
Slide 11: Financial Performance
For personal use only Financial Performance FY12 FY11 Change Sales Revenue $m 1,897.5 1,443.9 +31.4% EBITDA^ $m 196.5 153.3 +28.2% EBITDA Margin^ % 10.35 10.62 -0.27pp NPAT^ $m 126.0 95.1 +32.5% NPAT Margin^ % 6.64 6.58 +0.06pp EPS^ cps 142.4 108.8 +30.8% Operating Cash Flow $m 138.6 125.2 +10.7% DP
Slide 12: Financial Position and Funding
For personal use only Financial Position and Funding June 12 June 11 Change Cash at Bank $m 203.6 172.5 +18.0% Net Cash Position $m 152.9 129.5 +18.1% (Cash less interest bearing loans and borrowings) Capital Expenditure $m 74.2 54.5 +36.0% (Cash and Hire Purchase) Capital Expenditure Commitments $m
Slide 13: Divisional Highlights
For personal use only Divisional Highlights Secured ~$1.3 billion in new contracts Engineering First marine contract – WICET Construction Two Rio Tinto Iron Ore Framework Agreements Significant investment in crane fleet Record sales, growth of 58% Maintenance and Strengthened presence in
Slide 14: FY2012 Contract Activity
For personal use only FY2012 Contract Activity 14 www.monadelphous.com.au
Slide 15: FY2012 Contracts Secured
For personal use only FY2012 Contracts Secured 15 www.monadelphous.com.au
Slide 16: Engineering Construction – BHP Billiton Inner Harbour Project, Port Hedland
Engineering Construction – BHP Billiton Inner Harbour Project, For personal use only Port Hedland 16 www.monadelphous.com.au
Slide 17: Maintenance and Industrial Services – Facilities Management Services, Gorgon Project
Maintenance and Industrial Services – Facilities Management For personal use only Services, Chevron-operated Gorgon Project, Barrow Island 17 www.monadelphous.com.au
Slide 18: Infrastructure – Picton Water Treatment Plant, Bunbury
Infrastructure – Water Corporation’s Picton Water Treatment For personal use only Plant, Bunbury 18 www.monadelphous.com.au
Slide 19: FY2013: $775m in new contracts awarded
For personal use only FY2013: $775m in new contracts awarded Engineering Construction Maintenance and Industrial Services $295m $480m BHP Billiton, Jimblebar Mine, Rio Tinto, Coastal and Inland Newman, WA Shutdown Maintenance (2 contracts, Rio Tinto, Marandoo Mine Phase 2, 3-year extensions),
Slide 20: People Performance
For personal use only People Performance Highlights Employee Numbers End of year employee numbers at record levels Restructure of human resources function to support expanding operations Continued implementation of attraction, development and retention initiatives New long-term employee ince
Slide 21: Safety Scorecard
For personal use only Safety Scorecard Injury Frequency Rate The Safe Way is the Only Way (per million hours worked) TCIFR improved 31.6% to 6.0 LTI improved 18.8% to 0.13 Achieved 12-months LTI free for first time in January Continued implementation of Safety Leadership Program 12 month mov
Slide 22: Strategic Progress
For personal use only Strategic Progress Markets and Growth Maintained leading position in core markets Increased presence in coal and energy To maximise growth and returns from Secured first marine construction contract core markets of resources and energy Expanded pipeline business To
Slide 23: Market Expansion
For personal use only Market Expansion Sales Revenue 23 www.monadelphous.com.au
Slide 24: Australian Market Conditions
For personal use only Australian Market Conditions Resources (Mining Capex A$b) Energy (Oil and Gas Capex A$b) Infrastructure (Public Sector Capex A$b) Maintenance (Resources and Energy A$b) Source: BIS Schrapnel - Mining Investment by Commodity Total New Fixed Capital Expenditure Constant 2009/10 P
Slide 25: Project Pipeline
For personal use only Project Pipeline Proposed CAPEX on the 98 advanced EXPECTED Australian resources and energy SIGNFICANT PROSPECTS COMPLETION CAPEX projects is > $260b Wheatstone LNG Chevron/Apache/KUFPEC/Shell 2016 $28b Australia Pacific LNG 2016 $14b Origin/ConocoPhillips/Sinopec Gladstone LNG
Slide 26: Outlook
For personal use only Outlook Strong pipeline of opportunities - High levels of resources and energy projects and secured work provides strong construction revenue visibility for FY13 and beyond - Maintenance opportunities growing as projects reach completion and startup Record levels of activit
Slide 27: Non-IFRS Financial Information
For personal use only Non-IFRS Financial Information ^Reconciliation Monadelphous Group Limited results are reported under International 2012 2011 Financial Reporting Standards (IFRS) as issued by the International $’000 $’000 Accounting Standards Board. The Company discloses certain non- Underlying
Slide 28: Disclaimer and Important Notice
For personal use only Disclaimer and Important Notice 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 o
Slide 29: Contact
For personal use only Contact www.monadelphous.com.au Information for Investors/Analysts: Rachael Cutler, Investor Relations Manager Telephone: +61 (08) 9315 7429 Email: rcutler@monadel.com.au 29 www.monadelphous.com.au
Slide 30: Annual General Meeting 2012
For personal use only TitleMeeting 2012 Annual General XX 20November November2012 2012
Monadelphous Group — Shareholder Meeting (November 2012) on 6ix