Slide 1: Full Year Results
FULL YEAR Monadelphous RESULTS | 24 AUGUST 2021 TOGETHER WE DELIVER
Slide 2: Monadelphous Profile
2021 FULL YEAR RESULTS MONADELPHOUS PROFILE EE 2 OPERATING DIVISIONS = “ — =| we MAINTENANCE fil | Cone UNION GD cinoustaia. (Eesah) SERVICES OUR INDUSTRIES ‘ wtf RESOURCES ENERGY INFRASTRUCTURE 7,559 EM PLOYEES ia (TOTAL WORKFORCE 7,791) 29 LOCATIONS & IN 7 COUNTRIES
Slide 3: 2021 Group Performance and Highlights
2021 GROUP PERFORMANCE AND HIGHLIGHTS REVENUE 1 REVENUE BY END CUSTOMER REVENUE BY DIVISION ($M) $1,953 MILLION Iron ore 53% NET PROFIT AFTER TAX Oil and gas 18% 979.0 Engineering 615.9 Construction $47.1 MILLION Copper 7% Coal 7% Maintenance & Industrial Other minerals 6% 976.9 1049.8 Services Lith
Slide 4: 2021 Divisional Highlights: Engineering Construction
2021 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION REVENUE BY END CUSTOMER REVENUE ($M) Iron ore 73% Lithium 10% Infrastructure 8% 979.0 Copper 6% 615.9 Oil and gas 2% Coal 1% FY21 FY20 • Revenue of $979.0 million1, up 59% • Significant progress on large portfolio of major construction contracts •
Slide 5: 2021 Divisional Highlights: Maintenance & Industrial Services
2021 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES REVENUE BY END CUSTOMER REVENUE ($M) Oil and gas 34% Iron ore 33% Coal 13% Other minerals 11% 976.9 1049.8 Copper 8% Infrastructure 1% FY21 FY20 • Revenue of $976.9 million, down 7% • Strong demand for maintenance services in iron ore • Lo
Slide 6: Contracts Secured
CONTRACTS SECURED REVENUE BY END CUSTOMER Iron ore 48% Copper 27% Other minerals 8% Infrastructure 7% Oil and gas 7% Coal 3% Refer to slide 14 for contract details 6
Slide 7: Safety Performance
SAFETY PERFORMANCE 6.00 4.00 TRIFR 2.00 2.26 LTIFR - 0.27 2018 2019 2020 2021 • 39% improvement in TRIFR performance • Initiatives implemented to reinforce controls around line-of- fire fatal risks • Updated supervisor safety leadership program • Continued focus on employee mental health and wellbei
Slide 8: People
PEOPLE • Substantial ramp up in numbers, total workforce up 37% • High levels of industry activity • COVID-19 restrictions significantly impacted skilled labour supply • Enhanced employee development initiatives and reviewed benefit and reward programs • Formalised commitment to workplace flexibilit
Slide 9: Social Value
SOCIAL VALUE • Achieved Indigenous ‘Employment Parity’ goal for second year running • Commenced 3-year Indigenous Employment Pathways Program in partnership with Rio Tinto • Developed fourth Reconciliation Action Plan • Maintained female participation in excess of 20% target for graduate and vacatio
Slide 10: Financial Snapshot
FINANCIAL SNAPSHOT Period ended 30 June FY21 FY20 CHANGE Revenue1 $M 1,953.1 1,650.8 18.3% Engineering Construction1 $M 979.0 615.9 58.9% Maintenance & Industrial Services $M 976.9 1,049.8 (6.9%) Internal Eliminations $M (2.8) (14.9) EBITDA2 $M 108.7 92.1 18.0% EBITDA margin % 5.6 5.6 (0.0pp) NPAT $
Slide 11: Industry Outlook – Australia
INDUSTRY OUTLOOK – AUSTRALIA RESOURCES CAPEX A$B 60 ENERGY (O&G) CAPEX A$B 35 30 50 25 40 20 Copper 30 Gold 15 Other minerals 20 10 Coal Iron ore 5 10 0 0 2016 2017 2018 2019 2020 2021f 2022f 2023f 2024f 2025f 2016 2017 2018 2019 2020 2021f 2022f 2023f 2024f 2025f Source: BIS Oxford Economics, ABS (
Slide 12: Outlook
OUTLOOK • Buoyant resources, energy and infrastructure sectors to provide solid pipeline of opportunities • Forecast for Australian iron ore remains positive • Maintenance activity expected to grow steadily • Positive outlook for developments in lithium, gold, copper and nickel • Market conditions i
Slide 13: Appendices
APPENDICES APPENDIX
Slide 14: Contracts Secured
CONTRACTS SECURED *Announced subsequent to 30 June 2021 14
Slide 15: Engineering Construction Major Projects FY 2021
ENGINEERING CONSTRUCTION MAJOR PROJECTS FY 2021 • BHP; SMPE&I works associated with inflow infrastructure at South Flank Project, Pilbara, WA • BHP; SMPE&I works associated with outflow infrastructure at South Flank Project, Pilbara, WA • Rio Tinto; SMPE&I works associated with West Angelas Deposits
Slide 16: Maintenance & Industrial Services Major Service Contracts FY 2021
MAINTENANCE & INDUSTRIAL SERVICES MAJOR SERVICE CONTRACTS FY 2021 • BHP Iron Ore; general maintenance, shutdowns and sustaining capital works, Pilbara, WA • Rio Tinto; fixed plant maintenance services, marine services and sustaining capital works, Pilbara, WA • Woodside; onshore and offshore mainten
Slide 17: Notes to Financials
NOTES TO FINANCIALS Non-IFRS Financial Reconciliation of total revenue from contracts with Information customers including joint ventures to statutory revenue FY21 FY20 from contracts with customers $M $M Monadelphous Group Limited results are reported Total revenue from contracts with customers inc
Slide 18: Disclaimer & Important Notice
DISCLAIMER & 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 other company. Due care a