Monadelphous Group Limited · ASX:MND
Monadelphous — Shareholder Meeting (November 2022)
47 slides from Monadelphous's shareholder meeting presentation, Nov 22, 2022
Slide 1: Annual General Meeting 2022
ANNUAL GENERAL MEETING 2022 TOGETHER WE DELIVER 22 NOVEMBER 2022 nl Monadelphous
Slide 2: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY CLAUDIA BELLIS – MONADELPHOUS LOCAL CONTENT COORDINATOR Launch of Monadelphous’ latest Stretch Reconciliation Action Plan. 2
Slide 3: Monadelphous Profile
MONADELPHOUS PROFILE Employees and total workforce as at 30 June 2022 3
Slide 4: Online Attendees – How to Ask a Question
ONLINE ATTENDEES – HOW TO ASK A QUESTION • To ask a written question select the Q & A icon • Type your question in the text box and press the send button • To ask a verbal question follow the instructions below the broadcast window 4
Slide 5: Online Attendees – How to Vote
ONLINE ATTENDEES – HOW TO VOTE • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “Click here to change your vote” at any time until the poll is closed 5
Slide 6: Board of Directors
2022 ANNUAL GENERAL MEETING John Rubino Rob Velletri Sue Murphy AO Chair Managing Director Deputy Chair and Lead Independent Non-Executive Director a Peter Dempsey Helen Gillies Dietmar Voss Ric Buratto Independent Independent Independent Independent Non-Executive Director Non-Executive Director Non
Slide 7: Agenda
AGENDA 1. Chair’s Address 2. Managing Director’s Address 3. Items of Business 4. Other Business 7
Slide 8: Chair's Address
2022 ANNUAL GENERAL MEETING 1. CHAIR’S ADDRESS Chair Deputy Chair and Lead Independent Non-Executive Director Monadelphous
Slide 9: Chair's Address
1. CHAIR’S ADDRESS • Celebrating 50 years in operation • Reputation for high-quality, safe and cost-effective service solutions • Construction contractor of choice in resources and energy and leader in maintenance and industrial services • Continued to build on expansive service offering and diversi
Slide 10: Managing Director's Address
2. MANAGING DIRECTOR’S ADDRESS 10
Slide 11: 50 Years of Monadelphous
50 YEARS OF MONADELPHOUS YEARS 1972-2022
Slide 12: 2022 Financial Snapshot
2022 FINANCIAL SNAPSHOT REVENUE 1 REVENUE BY DIVISION ($M) $1.93 BILLION 1.2% 774.4 Engineering 979.0 NET PROFIT AFTER TAX ATTRIBUTABLE TO EQUITY Construction HOLDERS OF THE PARENT Maintenance MILLION $52.2 11.0% 1,166.0 976.9 & Industrial Services EARNINGS PER SHARE FY22 FY21 54.9 CENTS 10.5% REVEN
Slide 13: Contracts Secured
CONTRACTS SECURED Refer to Appendices for contract details 13
Slide 14: Safety and Wellbeing
SAFETY AND WELLBEING 6 3.07 4 TRIFR 0.58 2 SIFR 0.16 LTIFR 0 2019 2020 2021 2022 • High levels of operational activity and large number of new employees onboarded impacted performance • Targeted safety campaigns implemented to address common operational risks • 55% improvement in serious incident fr
Slide 15: Safety Innovation
SAFETY INNOVATION Monadelphous received an award from the WA Department of Mines Safety Excellence Awards for its Ergonomic Poly Weld Stands. 15
Slide 16: People
PEOPLE • Extremely competitive labour market predicted to continue • Strategic focus on people retention, attraction, development and wellbeing • Substantial program of work to reinforce acceptable workplace behaviours • Implemented Employee Retention Plan to support key talent retention • Implement
Slide 17: 2022 Divisional Highlights – Engineering Construction
2022 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION REVENUE BY END CUSTOMER REVENUE ($M) Iron ore 59% Lithium 15% Copper 12% 979.0 Infrastructure 8% 774.4 Oil and gas 4% Other minerals 2% FY22 FY21 • Revenue of $774.4 million1 • Revenue declined in H2 following project completions in H1 • Successful
Slide 18: Engineering Construction – Mongolia
2022 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION – MONGOLIA Rio Tinto’s Oyu Tolgoi Underground Project, South Gobi region, Mongolia. Image courtesy of Rio Tinto. 18
Slide 19: Engineering Construction – Mondium
2022 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION – MONDIUM Rio Tinto’s Western Turner Syncline Phase 2 Project, Tom Price, Western Australia. 19
Slide 20: Engineering Construction – Alevro
2022 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION – ALEVRO Alevro, an unincorporated joint venture with global heavy lifting company Fagioli. 20
Slide 21: Engineering Construction – Zenviron
2022 DIVISIONAL HIGHLIGHTS ENGINEERING CONSTRUCTION – ZENVIRON Crudine Ridge Wind Farm, located in Mudgee, New South Wales. 21
Slide 22: 2022 Divisional Highlights – Maintenance & Industrial Services
2022 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES REVENUE BY END CUSTOMER REVENUE ($M) Oil and gas 34% Iron ore 29% Other minerals 16% Copper 11% 1,166.0 976.9 Coal 8% Infrastructure 2% FY22 FY21 • Record revenue of $1.166 billion, up 19.4% • Buoyant conditions across most sectors • Incre
Slide 23: Maintenance & Industrial Services – Iron Ore
2022 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES – IRON ORE Rio Tinto’s Cape Lambert, Karratha, Western Australia. 23
Slide 24: Maintenance & Industrial Services – Energy
2022 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES – ENERGY Woodside-operated Karratha Gas Plant, Karratha, Western Australia. Image courtesy of Woodside. 24
Slide 25: Maintenance & Industrial Services – Papua New Guinea
2022 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES – PAPUA NEW GUINEA Newcrest Mining Limited’s Lihir Gold Mine, located on Niolam Island, north-east of Port Moresby in Papua New Guinea. Image courtesy of Newcrest Mining Limited. 25
Slide 26: Maintenance & Industrial Services – Chile
2022 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES – CHILE Codelco’s El Teniente Copper Mine, Rancagua, Chile. 26
Slide 27: Sustainability, Diversity, Community & Environment
SUSTAINABILITY DIVERSITY, COMMUNITY & ENVIRONMENT • Launched Stretch Reconciliation Action Plan 2022-2025 • Continued to deliver Indigenous Employment Pathways Program in partnership with Rio Tinto • Renewed partnership with Polly Farmer Foundation • Launched second Gender Diversity and Inclusion Pl
Slide 28: Introduction to Zoran Bebic
INTRODUCTION TO ZORAN BEBIC 28
Slide 29: Industry Outlook – Australia
INDUSTRY OUTLOOK – AUSTRALIA RESOURCES CAPEX A$B 40 ENERGY (O&G) CAPEX A$B 40 35 35 30 30 25 25 Copper 20 20 Gold 15 15 Other minerals 10 Coal 10 Iron ore 5 5 0 0 2018 2019 2020 2021 2022 2023f 2024f 2025f 2026f 2027f 2018 2019 2020 2021 2022 2023f 2024f 2025f 2026f 2027f Source: BIS Oxford Economic
Slide 30: Outlook
OUTLOOK • Significant number of prospects across broad range of commodity markets • Australian iron ore industry expected to remain buoyant • High global demand for battery metals driving significant investment • Favourable conditions in oil and gas sector with construction opportunities from new LN
Slide 31: Items of Business
3. ITEMS OF BUSINESS 998.4 841.1 652.9 Perth Freight Terminal, Perth, Western Australia. 31
Slide 32: Annual Report
ANNUAL REPORT To receive and consider the Financial Report, 998.4 Directors’ Report 652.9 and Auditor’s 841.1Report for the year ended 30 June 2022. 32
Slide 33: Resolution 1: Re-election of Director
RESOLUTION 1: RE-ELECTION OF DIRECTOR To re-elect a Director: Ms Sue Murphy who, 998.4 being eligible, offers 652.9herself for re-election. 841.1 33
Slide 34: Resolution 1: Re-election of Director
RESOLUTION 1: RE-ELECTION OF DIRECTOR The total of valid proxies received for Resolution 1 is 52,665,934 being: 51,430,026 FOR the resolution 746,207 AGAINST the resolution 489,701 OPEN to proxy 998.4 841.1 652.9 13,383 ABSTAIN 34
Slide 35: Resolution 2: Grant of Retention Rights to Mr Rob Velletri
RESOLUTION 2: GRANT OF RETENTION RIGHTS TO MR ROB VELLETRI To grant 43,600 Retention Rights to the Company’s Managing Director, Mr Rob Velletri (who will become Executive Chair effective from the conclusion of the Meeting), or his nominee, on the terms and conditions set out in the Explanatory Memor
Slide 36: Resolution 2: Grant of Retention Rights to Mr Rob Velletri
RESOLUTION 2: GRANT OF RETENTION RIGHTS TO MR ROB VELLETRI The total of valid proxies received for Resolution 2 is 49,442,474 being: 36,283,809 FOR the resolution 12,679,208 AGAINST the resolution 479,457 OPEN to proxy 998.4 841.1 652.9 1,136,843 ABSTAIN 36
Slide 37: Resolution 3: Grant of Performance Rights to Mr Rob Velletri
RESOLUTION 3: GRANT OF PERFORMANCE RIGHTS TO MR ROB VELLETRI To grant 29,020 Performance Rights to the Company’s Managing Director, Mr Rob Velletri (who will become Executive Chair effective from the conclusion of the Meeting), or his nominee, on the terms and conditions set out in the Explanatory M
Slide 38: Resolution 3: Grant of Performance Rights to Mr Rob Velletri
RESOLUTION 3: GRANT OF PERFORMANCE RIGHTS TO MR ROB VELLETRI The total of valid proxies received for Resolution 3 is 50,521,480 being: 48,284,810 FOR the resolution 1,733,965 AGAINST the resolution 502,705 OPEN to proxy 998.4 841.1 652.9 57,837 ABSTAIN 38
Slide 39: Resolution 4: Adoption of Remuneration Report
RESOLUTION 4: ADOPTION OF REMUNERATION REPORT To consider and adopt the Remuneration 998.4 Report for the year ended 30841.1 652.9 June 2022. 39
Slide 40: Resolution 4: Adoption of Remuneration Report
RESOLUTION 4: ADOPTION OF REMUNERATION REPORT The total of valid proxies received for Resolution 4 is 49,363,752 being: 46,767,514 FOR the resolution 2,105,537 AGAINST the resolution 490,701 OPEN to proxy 998.4 841.1 652.9 1,147,792 ABSTAIN 40
Slide 41: Shareholder Questions
SHAREHOLDER QUESTIONS Monadelphous employees participating in the Karratha Foreshore Rehabilitation Program, Karratha, Western Australia. 41
Slide 42: Poll
POLL 998.4 841.1 652.9 Rio Tinto’s Tom Price mine, Tom Price, Western Australia. 42
Slide 43: Other Business
4. OTHER BUSINESS Rio Tinto’s West Angelas Deposits C & D Project, Newman, Western Australia. 43
Slide 44: For More Information
FOR MORE INFORMATION: Investor Relations Telephone: +61 8 9316 6386 Email: investor_relations@monadel.com.au www.monadelphous.com.au 998.4 841.1 652.9 44
Slide 45: Appendices
APPENDICES APPENDICES
Slide 46: Contracts Secured – Detail
CONTRACTS SECURED – DETAIL * Announced subsequent to 30 June 2022 46
Slide 47: 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
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