Slide 1: 2011 Interim Results Presentation
For personal use only 2011 Interim Results Presentation 22 February 2011
Slide 2: Agenda
Agenda For personal use only Business Highlights Rob Velletri Financial Performance Zoran Bebic Divisional Update Rob Velletri Strategy and Outlook Rob Velletri 02
Slide 3: Business Highlights
For personal use only Business Highlights 03
Slide 4: Group Highlights
Group Highlights For personal use only • Sales revenue up 13% to $700m • EBITDA up 15% to $74m, enhanced margin of 10.6% Financial • NPAT up 12% to $45.5m, EPS up 10.6% to 52.3c, DPS up 14% • Healthy cash conversion, $61.5m cash flow from operations • Strong demand and scope growth in EC activity, u
Slide 5: Divisional Highlights
Divisional Highlights For personal use only • Record sales revenue of $467 million, up 11% Engineering • Strengthening of the energy and resources markets Construction • Awarded more than $200 million in new construction contracts • Sales revenue up 6% to $188 million Maintenance • Retained all exis
Slide 6: Key Contract Wins
For personal use only 06 Key Contract Wins
Slide 7: Continued Market Diversification
Continued Market Diversification For personal use only 07
Slide 8: People Performance
People Performance For personal use only Employee Numbers Highlights: 7,000 5,742 • Employee numbers increase 6,000 5,424 24% (pcp) in line with work volumes 5,000 4,782 4,632 4,211 4,041 • Skilled labour shortages continue to 4,000 3,808 3,848 build 3,000 • Continued focus on attraction and 2,000 r
Slide 9: Safety Scorecard
Safety Scorecard For personal use only Highlights: ! " # $ %& • TCIFR up marginally to 6.7 incidents • Improvement in LTIFR ) ! ( ! ") & • Continued investment in safety leadership training, HSE processes and systems ' ( ! "') & 09
Slide 10: Financial Performance
For personal use only Financial Performance 10
Slide 11: Financial Highlights
Financial Highlights For personal use only Dec 10 Dec 09 Change Sales Revenue $m 700.1 619.5 + 13.0% EBITDA $m 74.0 64.2 + 15.4% Operating Cash Flow $m 61.5 56.6 + 8.7% NPAT $m 45.5 40.5 + 12.3% NPAT Margin* % 6.5 6.5 0 pp EPS Cps 52.3 47.3 + 10.6% DPS (Fully Franked) Cps 40.0 35.0 + 14.3% Return on
Slide 12: Historical Performance
Historical Performance For personal use only .*-- - .*-- 1 .*-- 10 0 *- -/ 0 1 *- -/, 1 *- + / * , --// 0 * , -- - * , 1/ * + ,01 * + - 10 * + / * , * ,1 * 1 +13.0% +15.4% +12.3% .*-- 0/ .*-- 1 .*-- -/, - *- , , *- + *- -- * , + 0 * , 1 * , -/ * + ,- * + / * + - - * * * , +10.6% +14.3% +10.7% 12
Slide 13: NPAT Contribution Analysis
NPAT Contribution Analysis For personal use only NPAT Contribution ($m) 49 47 1.9 (1.8) 0.2 (0.5) 45 43 5.2 41 45.5 39 40.5 37 35 HY10 NPAT Sales Grow th Margin Grow th D&A Interest (Net) Tax HY11 NPAT 13
Slide 14: Cash Flow Performance
Cash Flow Performance For personal use only .*-- -0 .*-- - 2 *- , *- ,+2 * , -- + * , -/ 2 * + ,/ 0 * + -- 2 * , * -/ 2 !" # $ # $ % Cash flow conversion (%) = cash flow (un-geared pre-tax) / EBITDA 14
Slide 15: Divisional Update
For personal use only 15 Divisional Update
Slide 16: Divisional Sales Revenue Summary
Divisional Sales Revenue Summary For personal use only Dec 10 Dec 09 Change Engineering Construction $m 466.8 421.7 + 10.7% Maintenance and Industrial Services $m 188.1 176.9 + 6.3% Infrastructure $m 72.0 23.1* + 211.7% Internal Eliminations $m -26.8 -2.2 TOTAL $m 700.1 619.5 + 13.0% * Comparative i
Slide 17: Engineering Construction
Engineering Construction For personal use only & ' % Highlights: . *-- 1 + • Record sales revenue of $467 million • Strengthening of the energy and resources market *- +1 12 • Awarded more than $200 million in new construction contracts * , 0/ + • Enhanced heavy-lift capability * + + Major Projects
Slide 18: Maintenance and Industrial Services
Maintenance and Industrial Services For personal use only & ' Highlights: % • Sales revenue up 6% to $188 million . *-- -++ - / 2 • Retained all existing customers and contracts *- / • Secured 3yr Oil Search contract extension and associated gas works for LNG project • Established new workshop facil
Slide 19: Infrastructure
Infrastructure For personal use only ' Highlights: & % - 2 • Sales revenue up 212% . *-- / • Successful acquisition and integration of KT • Secured $170 million in new contracts *- 0, • JV with AnaeCo secures WMRC Stage II Project * , • Significant investment in specialised pipeline equipment * + /+
Slide 20: Strategy and Outlook
For personal use only Strategy and Outlook 20
Slide 21: Strategy Progress
Strategy Progress For personal use only 2011 Progress Markets & Growth • Maintained strong position in core markets • To maximise growth and returns from our core markets • Continued market expansion initiatives in energy of resources and energy and infrastructure • To build a new business in infras
Slide 22: Market Conditions
Market Conditions For personal use only ( ) $40 25 " ' ! * + " ' $35 20 $30 $25 15 $20 10 $15 $10 5 $5 $0 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011f 2012f 2013f 2014f 2015f 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011f 2012f 2013f 2014f 2015f Source: BIS Shrapnel November 20
Slide 23: Outlook
Outlook For personal use only • Forward workload remains robust entering H2 of FY 2011 • Burgeoning pipeline of opportunities across all markets • Continued expansion of Infrastructure division • Skilled labour shortages continue to build – focus on attraction and retention • No significant impact t
Slide 24: 2011 Interim Results Presentation
For personal use only 2011 Interim Results Presentation 22 February 2011
Slide 25: Investor contact details
For personal use only www.monadelphous.com.au Information for Investors/Analysts: Brett Lane – Group Communications Manager Telephone: (61 8) 9315 7385 Email: blane@monadel.com.au 25
Slide 26: Disclaimer and Important Notice
Disclaimer and 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 o