Monadelphous Group Limited · ASX:MND
Monadelphous — H1 2020 Earnings Presentation
16 slides from Monadelphous's earnings presentation, Feb 18, 2020
Slide 1: 2020 Half Year Results
| Monadelphous 2020 HALF YEAR RESULTS 18 FEBRUARY 2020 TOGETHER WE DELIVER
Slide 2: Monadelphous Profile
MONADELPHOUS PROFILE For personal use only Market capitalisation as at 13 February 2020 2020 HALF YEAR RESULTS 2
Slide 3: H1 2020 Group Performance & Highlights
H1 2020 GROUP PERFORMANCE & HIGHLIGHTS For personal use only REVENUE1 REVENUE BY END CUSTOMER REVENUE BY DIVISION ($M) $852.0 NET PROFIT AFTER TAX $28.5 EARNINGS PER SHARE 998.4 30.2 841.1 652.9 INTERIM DIVIDEND 22.0 CASH $163.3 • Record revenue performance in Maintenance and Industrial Services div
Slide 4: H1 2020 Divisional Highlights: Engineering Construction
H1 2020 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION For personal use only REVENUE BY END CUSTOMER ($M) • Recorded revenue of $273.4 million1 • Revenues impacted by delays to secured construction projects • Awarded approximately $500 million worth of new contracts • Mondium secured major contract
Slide 5: H1 2020 Divisional Highlights: Maintenance & Industrial Services
H1 2020 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES For personal use only REVENUE BY END CUSTOMER ($M) • Revenue up 16 per cent to $584.5 million; record performance • Strong demand for maintenance services across resources and energy • Significant increase in activity across Pilbara • S
Slide 6: Contracts Secured
CONTRACTS SECURED For personal use only 2020 HALF YEAR RESULTS 6
Slide 7: Safety Performance
SAFETY PERFORMANCE For personal use only 6.00 4.00 4.28 TRIFR 2.00 LTIFR - 2016 2017 2018 2019 2020 0.12 • Undertook comprehensive review of actual and potential safety incidents to identify emerging trends and common contributing factors • Implementing a range of improvement actions • Targeted camp
Slide 8: People
PEOPLE For personal use only • Increase in employee numbers due to Buildtek acquisition • Reduced subcontractor numbers in Mongolia as contracted works approach completion • EC employee numbers to increase as resource construction projects ramp up • Employee equity incentive schemes reinstated 2020
Slide 9: Financial Snapshot
FINANCIAL SNAPSHOT For personal use only Period ended 31 December HY20 HY19 CHANGE Revenue1 $M 852.0 830.5 2.6% Engineering Construction1 273.4 331.6 (17.6%) Maintenance and Industrial Services 584.5 503.2 16.2% Internal Eliminations (5.9) (4.3) EBITDA2,3 $M 59.1 55.8 6.1% EBITDA margin2 % 6.9 6.7 0
Slide 10: Industry Outlook – Australia
INDUSTRY OUTLOOK – AUSTRALIA For personal use only 40 TOTAL RESOURCES CAPEX A$B 70 TOTAL ENERGY CAPEX A$B 35 60 30 50 25 40 20 30 15 20 10 5 10 0 0 2015 2016 2017 2018 2019 2020f 2021f 2022f 2023f 2024f 2015 2016 2017 2018 2019 2020f 2021f 2022f 2023f 2024f Source: BIS Oxford Economics, ABS (Decembe
Slide 11: Outlook
OUTLOOK For personal use only • Favourable market conditions in resources and energy to provide solid pipeline of opportunities • Ongoing project development activity in iron ore will support future construction prospects • Renewed development in LNG expected in coming years • Strong demand for main
Slide 12: Appendices
For personal use only APPENDICES
Slide 13: Engineering Construction Major Projects HY 2020
ENGINEERING CONSTRUCTION MAJOR PROJECTS HY 2020 For personal use only • Oyu Tolgoi LLC; SMPE&I works, Oyu Tolgoi Underground Project, South Gobi region, Mongolia • BHP; SMPE&I works associated with inflow and outflow infrastructure at South Flank Project, Pilbara, WA • Origin; procurment, fabricatio
Slide 14: Maintenance & Industrial Services Major Projects HY 2020
MAINTENANCE & INDUSTRIAL SERVICES MAJOR PROJECTS HY 2020 For personal use only • Woodside; offshore maintenance and brownfields services for Woodside-operated gas production facilities in north west of WA, maintenance and turnarounds at Karratha Gas Plant • BHP Iron Ore; general maintenance and shut
Slide 15: Notes to Financials
NOTES TO FINANCIALS For personal use only NON-IFRS FINANCIAL INFORMATION STATUTORY REVENUE FROM CONTRACTS WITH CUSTOMERS AND EBITDA RECONCILIATIONS HY20 HY19 $’000 $’000 Monadelphous Group Limited Total revenue from contracts with customers including joint ventures 851,980 830,533 results are report
Slide 16: Disclaimer & Important Notice
DISCLAIMER & IMPORTANT NOTICE For personal use only 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 oth