Slide 1: Half Year Results 2022
HALF YEAR fll Monacelphous RESULTS 2022 - ~~ 22 FEBRUARY 2022 TOGETHER WE DELIVER HUE
Slide 2: Monadelphous Profile
MONADELPHOUS PROFILE Employees and total workforce as at 31 December 2021 2
Slide 3: 50 Years Anniversary
2022 HALF YEAR RESULTS Monadelphous |
Slide 4: H1 2022 Group Performance and Highlights
H1 2022 GROUP PERFORMANCE AND HIGHLIGHTS REVENUE 1 REVENUE BY END CUSTOMER REVENUE BY DIVISION ($M) MILLION $1,064.6 Iron ore 44% 471.6 NET PROFIT AFTER TAX 460.3 Engineering Oil and gas 21% Construction $30.1 MILLION Copper 12% Lithium 8% Maintenance & Industrial Coal 7% 596.1 Services 491.5 EARNIN
Slide 5: Contracts Secured
CONTRACTS SECURED 2022 HALF YEAR RESULTS ENGINEERING CONSTRUCTION Market Sector 1 Origin — Supply of wellsite equipment Oil and Gas 2 Rye Park Renewable Energy — Balance of Infrastructure PAPUA NEW plant works for Rye Park Wind Farm GUINEA oO MAINTENANCE & INDUSTRIAL SERVICES Market Sector 1 BHP - E
Slide 6: Safety and Wellbeing
SAFETY AND WELLBEING 6 TRIFR 4 2.81 2 LTIFR 0 0.20 2019 2020 2021 2022 • Increased focus on front-line safety leadership programs • Targeted safety campaigns to address common risks • Finalist in safety innovation awards • Implemented initiatives promoting employee health, wellbeing and resilience •
Slide 7: People
PEOPLE • Retention and attraction remains a priority in resource constrained market • Key initiatives to reinforce employee engagement, including workplace flexibility and leadership development • Issue of Retention Rights to support key talent retention • Refreshed Code of Conduct to reinforce acce
Slide 8: H1 2022 Divisional Highlights
H1 2022 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION REVENUE BY END CUSTOMER REVENUE ($M) Iron ore 59% Lithium 18% Copper 17% 471.6 460.3 Infrastructure 3% Oil and gas 2% Coal 1% HY22 HY21 • Revenue of $471.6 million1, up 2.5% • Strong demand for construction services • Successfully completed sign
Slide 9: H1 2022 Divisional Highlights
H1 2022 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES REVENUE BY END CUSTOMER REVENUE ($M) Oil and gas 37% Iron ore 32% Coal 12% Other minerals 10% 596.1 491.5 Copper 8% Infrastructure 1% HY22 HY21 • Record revenue of $596.1 million, up 21.3% • Buoyant conditions across resources and energ
Slide 10: Social Value
SOCIAL VALUE • Launched second Gender Diversity and Inclusion Plan • Re-signed partnerships with UWA and UQ, promoting gender diversity and inclusivity within STEM career pathways • Renewed partnership with Polly Farmer Foundation • Exceeded employment target set within Indigenous Employment Pathway
Slide 11: Financial Snapshot
FINANCIAL SNAPSHOT Period ended 31 December HY22 HY21 CHANGE Revenue1 $M 1,064.6 947.8 12.3% Engineering Construction1 $M 471.6 460.3 2.5% Maintenance & Industrial Services $M 596.1 491.5 21.3% Internal Eliminations $M (3.1) (4.0) EBITDA2 $M 60.9 57.0 6.8% EBITDA margin % 5.7 6.0 (0.3pp) NPAT3 $M 30
Slide 12: Industry Outlook – Australia
INDUSTRY OUTLOOK – AUSTRALIA RESOURCES CAPEX A$B 40 ENERGY (O&G) CAPEX A$B 35 35 30 30 25 25 20 Copper 20 Gold 15 Other 15 minerals 10 Coal 10 Iron ore 5 5 0 0 2017 2018 2019 2020 2021e 2022f 2023f 2024f 2025f 2026f 2017 2018 2019 2020 2021e 2022f 2023f 2024f 2025f 2026f Source: BIS Oxford Economics
Slide 13: Outlook
OUTLOOK • Strong outlook for core markets • Australian iron ore industry remains buoyant • Strong demand for battery metals to provide numerous prospects in coming years • Conditions improving in oil and gas sector • Australia’s transition to clean energy continues • Skilled labour shortages to cont
Slide 14: For More Information
FOR MORE INFORMATION: Investor Relations Telephone: +61 8 9316 6386 Email: investor_relations@monadel.com.au www.monadelphous.com.au 998.4 841.1 652.9 14
Slide 15: Appendices
APPENDICES APPENDICES
Slide 16: Engineering Construction Major Projects H1 2022
ENGINEERING CONSTRUCTION MAJOR PROJECTS H1 2022 • MARBL Lithium Joint Venture – SMP works for lithium hydroxide plant, Kemerton, WA • BHP – SMPE&I works associated with Inflow and Outflow infrastructure at South Flank Project, Pilbara, WA • Rio Tinto – SMPE&I works associated with West Angelas Depos
Slide 17: Maintenance & Industrial Services Major Service Contracts H1 2022
MAINTENANCE & INDUSTRIAL SERVICES MAJOR SERVICE CONTRACTS H1 2022 • BHP Iron Ore – General maintenance, shutdowns and sustaining capital works, Pilbara, WA • Woodside – Onshore and offshore maintenance and brownfields services for Woodside-operated gas production facilities in north-west WA, mainten
Slide 18: Notes to Financials
NOTES TO FINANCIALS Non-IFRS Financial Reconciliation of total revenue from contracts with Information customers including joint ventures to statutory revenue HY22 HY21 from contracts with customers $’000 $’000 Monadelphous Group Limited results are reported Total revenue from contracts with custome
Slide 19: Disclaimer & Important Notice
DISCLAIMER & 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 other company. Due care a