Slide 1: 2018 Half Year Results
For personal use only 2018 HALF YEAR RESULTS Tuesday 20 February 2018
Slide 2: Company Profile
2018 HALF YEAR RESULTS For personal use only Company Profile Monadelphous Group Limited (ASX:MND) is an S&P/ASX 200 At 31 December 2017 People 6,277 company that provides construction, maintenance and industrial Market Capitalisation $1.6b services to the resources, energy and infrastructure sectors
Slide 3: Group Highlights
2018 HALF YEAR RESULTS For personal use only Group Highlights FINANCIAL OPERATING STRATEGIC • Sales Revenue $874.1m* 39% • Increased demand for • Broadened maintenance service • NPAT $37.6m 32% maintenance services offering and expanded customer • Ramp up of offshore oil and gas base • EPS 40.1c 31%
Slide 4: Contracts Secured
2018 HALF YEAR RESULTS For personal use only Contracts Secured 4
Slide 5: Safety Scorecard
2018 HALF YEAR RESULTS For personal use only Safety Scorecard INJURY FREQUENCY RATES* • TCIFR improved by 17% since 30 June 2017 • Increasing maturity of operations in new markets • Safety initiatives implemented to reinforce safety culture • Renewed focus on positive safety communication. 5
Slide 6: People
2018 HALF YEAR RESULTS For personal use only People EMPLOYEE NUMBERS • 26% growth in employee numbers in last 12 months • Ramp up of offshore oil and gas maintenance contracts and increase in construction and maintenance activity • Key talent retention levels remain high. 6
Slide 7: Financial Performance
2018 HALF YEAR RESULTS For personal use only Financial Performance PERIOD ENDED 31 DECEMBER HY18 HY17 CHANGE Sales Revenue $m 874.1* 630.7* 38.6% NPAT $m 37.6 28.6 31.6% NPAT Margin % 4.3 4.5 (0.2pp) EPS cps 40.1 30.5 31.3% DPS (Fully Franked) cps 30.0 24.0 25.0% EBITDA $m 62.1^ 50.5^ 22.9% EBITDA M
Slide 8: Sales Revenue Summary
2018 HALF YEAR RESULTS For personal use only Sales Revenue Summary REVENUE BY DIVISIONAL HIGHLIGHTS END CUSTOMER HY18 HY17 CHANGE $m $m % Engineering Construction 477.5 292.6 63.2 Maintenance and Industrial Services 400.7 339.6 18.0 Internal Eliminations (4.1) (1.5) Total 874.1* 630.7* 38.6 8 * Incl
Slide 9: Engineering Construction
2018 HALF YEAR RESULTS For personal use only Engineering Construction HIGHLIGHTS END CUSTOMER SALES REVENUE ($M) • Increased construction activity levels and growth in water and renewables • Spike in construction activity on Ichthys Project Onshore LNG Facilities with strong safety performance MAJOR
Slide 10: Maintenance and Industrial Services
2018 HALF YEAR RESULTS For personal use only Maintenance and Industrial Services HIGHLIGHTS END CUSTOMER SALES REVENUE ($M) • Increase in demand for maintenance services • Ramp up of activity on offshore oil and gas contracts with INPEX, Woodside and Shell • Broadened range of services offered to ne
Slide 11: Australian Market Conditions
2018 HALF YEAR RESULTS For personal use only Australian Market Conditions TOTAL RESOURCES (A$B) TOTAL ENERGY (A$B) Source BIS Shrapnel – Mining in Australia (released May 2017) Source BIS Shrapnel – Mining in Australia (released May 2017) TOTAL INFRASTRUCTURE (A$B) TOTAL MAINTENANCE (A$B) Source BIS
Slide 12: Strategy
2018 HALF YEAR RESULTS For personal use only Strategy DELIVER CORE MAXIMISE RETURNS BUILD AN SERVICES TO NEW FROM CORE MARKETS INFRASTRUCTURE BUSINESS OVERSEAS MARKETS Increased activity in core markets Increased activity in water and Work secured on Oyu Tolgoi in Successfully executed large
Slide 13: Outlook
2018 HALF YEAR RESULTS For personal use only Outlook • Full year revenue expected to be 30% up on last year • Outlook for our core resources market has improved • Solid demand for sustaining and brownfield capital work • Major construction prospects improving particularly in iron ore • Demand for ma
Slide 14: Notes to Financials
2018 HALF YEAR RESULTS For personal use only Notes to Financials NON-IFRS FINANCIAL STATUTORY SALES REVENUE AND EBITDA RECONCILIATION INFORMATION HY18 HY17 Monadelphous Group Limited results are $’000 $’000 reported under International Financial Total sales revenue including joint ventures 874,103 6
Slide 15: Important Notice
2018 HALF YEAR RESULTS For personal use only Important Notice 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 Gro