Slide 1: Monadelphous Group 2004/05 Half Year Results
Monadelphous Group 2004/05 Half Year Results March 2005 fi Monadelphous
Slide 2: Half Year Highlights
Dec 2004 Half Year Highlights Exceptional Half Year Performance ¥ NPAT up 101% to $8.0m v EPS up 93% to 40.9 cps ¥ Interim dividend up 91% to 21 cps ff ¥ Special dividend of 20 cps ff payable with interim dividend ¥ Buoyant trading conditions in resource sector forecast for next two to three years ¥
Slide 3: Half Year Results
Dec 2004 Half Year Results Revenue $199.5m $113.2m +76% EBITDA $13.6m $7.9m +73% Net Profit After Tax $8.0m $4.0m +101% Earnings Per Share 40.90 c 21.2¢ +93% Interim Dividend 21 cps ff 11 cps ff +91% ‘Special Dividend 20 cps ff nil ‘Net Tangible Asset Backing $2.23 $1.89 +18% Shareholders’ Equity $4
Slide 4: Financial Performance
Dec 2004 Financial Performance Sales Revenue 2 Dot Melt 8 dune Hall EBITDA wiDec Hall June Halt fi Monadelphous 76% increase in revenue fuelled by surge in major construction contracts won in buoyant resources sector EBITDA of $13.6m up 73%
Slide 5: Financial Performance
Dec 2004 Financial Performance NPAT $8.0m up 101% NPAT Margins maintained at 03/04 levels 000 ‘2001 2008 008 2008 ‘2005 a Dae Halt ea June Hail EPS EPS of 40.9 cents per share up 93% on previous half Doo Flatt Juno Mat Fl | Monacdelphous
Slide 6: Financial Performance
Dec 2004 Financial Performance Interim dividend of 21 cents per share fully franked ‘Totat Dividend Payments Special dividend of 20 cents per share fully franked a raarramaraad Special dividends flagged for ‘a inerkn dividend @ Final dviderd ta Special diMdena FY 2006 and FY 2007 Total Shareholders
Slide 7: Financial Performance
Dec 2004 Financial Performance Return on equity 18.3% Continuing to deliver on the company’s objective of secure financial growth Deo Hall B June Hall fi Monadelphous ;
Slide 8: Safety Performance
60 50 Total 40 Case injury = 30 Frequency Rate 20 10 0 Dec 2004 Safety Performance Injury frequency rates reduced by over 25% fi Monadelphous ee ey 2001 2002 2003 2004 Dec 2004 —e—LTFR —e—TCIFR 12 10 8 Lost Time 6 injury Frequency 4 Rate 2 0
Slide 9: Engineering Construction Highlights
Dec 2004 Engineering Construction Highlights v Revenues boosted by significant progress on major construction contracts including: vy Comaico NeWeipa bauxite operations, Qld ¥ Hamersley Iron Parker Point expansion, W.A. v Hamersley Iron 36MT Yandi Upgrade, W.A. ¥ Burrup Fertiliser Ammonia Plant, W.A
Slide 10: Engineering Construction Highlights
¥ Xstrata Rolleston Coal Plant, Qid v Ravensthorpe Nickel Sulphuric Acid Plant, W.A. ¥ Rio Tinto lron Ore Expansion Project, W.A. ¥ Additional Rio Tinto Expansion Project, W.A. (Secured early 2005) Fl | Monacdelphous Dec 2004 Engineering Construction Highlights Major projects secured during the half
Slide 11: Maintenance & Industrial Services Highlights
Dec 2004 Maintenance & Industrial Services Highlights v Expansion of maintenance services business in Queensland v Preferred contractor to provide mechanical trade services at Comalco’s Boyne Smelter operations in Gladstone v Preferred tenderer for a major maintenance shutdown with Australia’s large
Slide 12: Maintenance & Industrial Services Highlights
Dec 2004 Maintenance & Industrial Services Highlights Successful completion of General Services contract with Woodside Energy's LNG4 Expansion in WA (in JV with Brambles) v Establishment of site operations for the provision of minor capital works at BHP Billiton’s Worsley Alumina Refinery in W.A. Y
Slide 13: Major customers
v¥ WMC Resources (Copper, Nickel) ¥ Woodside (Oil & Gas) ¥ Queensland Alumina (Alumina) v Alcan Gove (Alumina) q Comaico (Alumina) KK Xstrata (Copper, Lead) v Alcoa (Alumina) v Chevron Texaco (Oil & Gas) fi Monadelphous BHP Billiton (Iron Ore, Nickel,Coal) Rio Tinto Hamersiey Iron (Iron Ore) 13
Slide 14: Outlook
v Well on track to exceed $300m revenue target for the year v Positive outlook from resource developments by most existing major customers ¥ Focus on controlling growth and consolidating position ¥ Continue with long term growth in Maintenance & Industrial Services business ¥ Skills shortage - major