Slide 1: 2012 Full Year Results
For personal use only 2012 Full Year Results 21 August 2012 Safety and Wellbeing | Integrity | Achievement | Teamwork | Loyalty
Slide 2: Company Profile
For personal use only Company Profile 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 People Revenue Earnings per Dividends per capitalisati
Slide 3: 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 markets Operating
Slide 4: Contract Activity
For personal use only Contract Activity 4 www.monadelphous.com.au
Slide 5: Contracts Secured
For personal use only Contracts Secured 5 www.monadelphous.com.au
Slide 6: 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 incentive pr
Slide 7: 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 moving aver
Slide 8: 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 9: 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 $m
Slide 10: Historical Performance
For personal use only Historical Performance Sales Revenue ($M) EBITDA^ ($M) Net Profit After Tax^ ($M) +31.4% +28.2% +32.5% Earnings Per Share^ (Cents) Dividends Per Share (Cents) Net Cash Position ($M) +30.8% +31.6% +18.1% ^Underlying basis. Refer to slide 24 for reconciliation. 10 www.monadelphou
Slide 11: Cash Flow Performance
For personal use only Cash Flow Performance Operating Cash Flow ($M) Cash Flow Conversion (%) Cash flow conversion (%) = cash flow (ungeared, pre-tax)/EBITDA^ ^Underlying basis. Refer to slide 24 for reconciliation. 11 www.monadelphous.com.au
Slide 12: NPAT Contribution Analysis
For personal use only NPAT Contribution Analysis NPAT Contribution ($M) Underlying $126 12 www.monadelphous.com.au
Slide 13: Divisional Sales Revenue Summary
For personal use only Divisional Sales Revenue Summary FY12 FY11 Change Engineering Construction $m 1,058.0 929.8 +13.8% Maintenance & Industrial Services $m 634.5 401.3 +58.1% Infrastructure $m 219.8 157.8 +39.3% Internal Eliminations $m -14.8 -45.0 Total $m 1,897.5 1,443.9 +31.4% 13 www.monadelpho
Slide 14: Engineering Construction
For personal use only Engineering Construction BHP Billiton Port Hedland Inner Harbour Project Western Australia 14 www.monadelphous.com.au
Slide 15: Engineering Construction
For personal use only Engineering Construction Highlights Revenue Contribution Revenue Secured ~ $1.3b in new contracts First marine contract - WICET Two Rio Tinto Iron Ore Framework Agreements Significant investment in crane fleet Major Project Involvement Major Projects Secured Woodside, Pluto LNG
Slide 16: Maintenance and Industrial Services
For personal use only Maintenance and Industrial Services ConocoPhillips Australia’s Darwin LNG Plant Northern Territory 16 www.monadelphous.com.au
Slide 17: Maintenance and Industrial Services
For personal use only Maintenance and Industrial Services Highlights Revenue Contribution Revenue Record sales, growth of 58% Strengthened presence in coal Secured Woodside Pluto LNG contract Consolidation within division Contract Extensions New Contracts BHPB, Worsley Alumina, Collie, WA BMA, Bowen
Slide 18: Infrastructure
For personal use only Infrastructure Water Corporation’s Picton Waste Water Treatment Facility Western Australia 18 www.monadelphous.com.au
Slide 19: Infrastructure
For personal use only Infrastructure Highlights Revenue Contribution Revenue Strong sales growth of 39% Secured $330m in new contracts Expansion into power through PearlStreet acquisition Major Project Involvement Major Projects Secured Chevron Australia-operated Gorgon Rio Tinto Coastal Waters Proj
Slide 20: Strategic Progress
For personal use only Strategic Progress Markets and Growth Maintained leading position in core markets Increased presence in coal and energy To maximise growth and returns from core Secured first marine construction contract markets of resources and energy Expanded pipeline business To build a subs
Slide 21: Australian Market Conditions
For personal use only Australian Market Conditions Resources Energy (Mining Capex A$b) (Oil and Gas Capex A$b) Forecast CAPEX Infrastructure by Market 2012-2016 (Public Sector Capex A$b) $561.1b Source: BIS Schrapnel Mining Investment by Commodity New Fixed Capital Expenditure by Commodity Fixed Cur
Slide 22: Project Pipeline
For personal use only Project Pipeline Proposed CAPEX on the 98 advanced EXPECTED SIGNFICANT PROSPECTS COMPLETION CAPEX Australian resources and energy Wheatstone LNG 2016 $28b projects is > $260b Chevron/Apache/KUFPEC/Shell Australia Pacific LNG 2016 $14b Origin/ConocoPhillips/Sinopec Gladstone LNG
Slide 23: Outlook
For personal use only Outlook Positioned for growth - High volume of secured work and high levels of projects in execution phase provide strong revenue visibility for FY13 and beyond - Further growth in sales revenue expected in FY13 Strong pipeline of opportunities - Pipeline of engineering constru
Slide 24: Non-IFRS Financial Information
For personal use only Non-IFRS Financial Information Monadelphous Group Limited results are reported under International ^Reconciliation Financial Reporting Standards (IFRS) as issued by the International 2012 2011 Accounting Standards Board. The Company discloses certain non- $’000 $’000 IFRS measu
Slide 25: 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 26: Contact Information
For personal use only Contact Information www.monadelphous.com.au Information for Investors/Analysts: Rachael Cutler, Investor Relations Manager Telephone: +61 (08) 9315 7429 Email: rcutler@monadel.com.au 26 www.monadelphous.com.au
Slide 27: 2012 Full Year Results
For personal use only 2012 Full Year Results 21 August 2012 Safety and Wellbeing | Integrity | Achievement | Teamwork | Loyalty