Monadelphous Group Limited · ASX:MND
Monadelphous — Shareholder Meeting (November 2008)
25 slides from Monadelphous's shareholder meeting presentation, Nov 25, 2008
Slide 1: 2008 annual general meeting
For personal use only 2008 annual general meeting 10am (AWDT) Tuesday 25 November 2008
Slide 2: Introducing the Monadelphous board
introducing the Monadelphous board For personal use only John Rubino Robert Velletri Chairman Managing Director Peter Dempsey Chris Michelmore Non-Executive Director Non-Executive Director Giles Everist CFO & Irwin Tollman Non-Executive Director Company Secretary 2
Slide 3: John Rubino, Chairman
For personal use only John Rubino Chairman BBI, Dalrymple Sulphuric Bay Coal AcidTerminal, Plant, Ravensthorpe, Mackay (QLD)WA
Slide 4: Financial highlights
financial highlights For personal use only REPORTED RESULTS NORMALISED RESULTS (adjusted for partial Skystar divestment) Sales Revenue down $954.0 1% million EBITDA EBITDA up up $109.4 17% $104.5 11% million million Net Profit after Tax Net Profit after Tax up up $69.6 15% $66.2 10% million million
Slide 5: Exceptional return on equity
exceptional return on equity For personal use only NPAT $m (69.6) 66.2 60.4 Partial Skystar divestment RoE % (average) 29.4 79.2% 16.7 68.9% 8.5 54.3% FY04 FY05 FY06 FY07 FY08 39.0% 29.3% 23.2% 21.7% average shareholders equity $m 96.1 76.3 FY04 FY05 FY06 FY07 FY08 ASX Peer Best Group 100 54.1 Sourc
Slide 6: Strong balance sheet
strong balance sheet For personal use only operating cash flow $m capex $m 96.3 23.5 92.5 18.7 19.4 17.1 66.8 24.0 4.5 6.6 FY04 FY05 FY06 FY07 FY08 FY04 FY05 FY06 FY07 FY08 net cash $m total shareholders equity $m 101.6 101.8 90.5 73.9 62.1 46.1 39.3 35.3 8.6 4.7 FY04 FY05 FY06 FY07 FY08 FY04 FY05 F
Slide 7: Our foundations remain
our foundations remain For personal use only safety & wellbeing integrity teamwork achievement loyalty Values Monadelphous aim to: double in size every five years by Competitive being recognised as a truly great company to work for, to work To deliver safe and Advantage with, and invest in reliable
Slide 8: Robert Velletri, Managing Director
For personal use only Robert Velletri Managing Director BBI, Dalrymple Sulphuric Bay Coal AcidTerminal, Plant, Ravensthorpe, Mackay (QLD)WA
Slide 9: Group highlights
group highlights For personal use only A review and rollout of the 5-year group strategic plan Record earnings in a year of consolidation EC and MIE consolidated while M&IS growth trend continued Continued geographic, commodity, client and service diversification Significant progress in global sourc
Slide 10: People & safety
people & safety For personal use only People highlights: Safety highlights: A review and roll-out of the ‘Right People Right Culture’ TCIFR (a key safety metric) was down 32% from FY07 strategy (significant reductions across all divisions) Continued to achieve high employee retention rates Continued
Slide 11: Rio Tinto, DPU Phase B, Dampier (WA)
For personal use only Rio Tinto, DPU Phase B, Dampier (WA)
Slide 12: Operational highlights
operational highlights For personal use only Jun-08 Jun-07 % Change Engineering Construction $m 576.0 657.5 -12% Maintenance and Industrial Services $m 316.7 262.5 21% Electrical and Instrumentation Services $m 76.0 71.8 6% Skystar $m 14.7 19.2 -23% Internal sales eliminations $m -29.4 -47.3 TOTAL $
Slide 13: Our work locations
For personal use only our work locations 13
Slide 14: New FY09 contract wins
new FY09 contract wins For personal use only Around $400 million in new major contract wins & contract extensions since June Contract Wins Contract Extensions Incitec Pivot – Alliance Shutdown BHP Billiton – Olympic Dam Projects (M&IS) Maintenance Services (M&IS) Ports Corporation of Queensland – Co
Slide 15: Rio Tinto, DPU Phase B, Dampier (WA)
For personal use only Rio Tinto, DPU Phase B, Dampier (WA)
Slide 16: Our strategy
our strategy For personal use only earnings quality blue chip customers long term relationships larger & longer contracts Core growing recurring revenue base (M&IS) Business commodity diversification (O&G, coal, power & water) service expansion (MIE) geographic expansion (SA & N.Qld) strategic acqui
Slide 17: Outlook
outlook For personal use only Entered FY09 in a strong position for growth Current business activity and forward workload levels remain high Blue Chip customers continuing with committed projects Expect double digit growth in FY09 normalised profit after tax Continuing to see customer confidence in
Slide 18: Darwin LNG and HVO maintenance projects
For personal use only Darwin LNG Facility Maintenance Contract, Darwin, NT RTCA, HVO Maintenance & Shutdown Services, Singleton (NSW)
Slide 19: Ordinary business: financial reports
ordinary business – item 2 For personal use only To receive and consider the Financial Report, Directors’ Report and Auditor’s Report for the year ended 30 June 2008 19
Slide 20: Resolution 1: re-election of Irwin Tollman
ordinary business – item 3 (resolution 1) For personal use only To elect one Director: Mr Irwin Tollman retires by rotation in accordance with the Company’s Constitution and, being eligible, offers himself for re-election RE-ELECTION OF Irwin Tollman Non-Executive Director 20
Slide 21: Resolution 1 proxy results
resolution 1 For personal use only Total valid proxies received for Resolution 1 is 39,647,317 shares being: 29,445,497 for the resolution 6,501,115 against the resolution 3,129,751 to be voted at the proxy’s discretion 570,954 have abstained 21
Slide 22: Resolution 2: Remuneration Report
ordinary business – item 4 (resolution 2) For personal use only To consider and adopt the Remuneration Report for the year ended 30 June 2008 22
Slide 23: Resolution 2 proxy results
resolution 2 For personal use only Total valid proxies received for Resolution 2 is 39,647,317 shares being: 32,969,329 for the resolution 3,267,563 against the resolution 3,114,561 to be voted at the proxy’s discretion 295,864 have abstained 23
Slide 24: Ordinary business: other business
ordinary business – item 5 For personal use only Other business 24
Slide 25: 2008 annual general meeting
For personal use only 2008 annual general meeting 10am (AWDT) Tuesday 25 November 2008
Monadelphous Group — Shareholder Meeting (November 2008) on 6ix