Slide 1: HY18 Results and Company Update
RCR Tomlinson Ltd HY18 Results and Company Update Investor Presentation Managing Director & CEO | Dr Paul Dalgleish Chief Financial Officer | Mr Andrew Phipps 22 February 2018
Slide 2: Highlights
Highlights • Revenue of $0.9B and EBIT of $22.8M1 • Profit after tax of $16.3M1 exceeded consensus2 HY18 Results • Net Cash up to $84.7M ($25.2M Net Debt at 30 June 2017) • Interim Dividend of 2.5 cps unfranked (record date: 15 March, payment 5 April 2018) • Current Order Book of $1.2B plus Preferre
Slide 3: Positioned for Growth
Positioned for Growth Order Book Recently Secured Order Book + Preferred - $B • 88MW Wemen Solar Farm • 75MW Clermont Solar Farm 3.2 • 68MW Emerald Solar Farm 3.0 • Melbourne Underground Rail Loop (“MURL”) - Stage 2 1.8 • Senipah Power Station 1.5 • Fortescue Relocatable Overland Conveyor 1.1 • BHP
Slide 4: Targeting Growth Sectors
Targeting Growth Sectors Rail and Transport • Currently tendering major rail and tunnel projects across Australia and NZ • Pipeline on rail and transport projects growing (over $4B) • Recently converted MURL • RCR / Rhomberg Rail short listed on multiple opportunities Renewables • Renewable energy i
Slide 5: HY18 Financial Results
RCR “HUE INTELLIGENCE. That'sawhat we do. ENGINEERING | a: iis _* Financial *& Results
Slide 6: HY18 Financial Results Snapshot
HY18 Financial Results Snapshot Overview Revenue - $M EBIT - $M • Order Book + Preferred Contractor Status of $3.2B 940.1 • Revenue of $0.9B, up 100% on PCP 22.8 • EBIT of $22.8M, up 51% on PCP • NPAT of $16.3M, exceeded consensus 15.1 471.0 • Interim Dividend of 2.5 cps (unfranked) • Record date: 1
Slide 7: HY18 Operating Cash Flow
HY18 Operating Cash Flow Key Metrics Net Debt / Net Cash Movement - $M • Cash generated from operations $48.7M • EBITDA of $32.8M 14.5 • EBITDA conversion 149% 12.2 • Working capital improvement $15.9M 87.9 • Infrastructure projects advance payments • Offset by Resources projects 84.7 • Net proceeds
Slide 8: Funding Facilities
Funding Facilities Renewed and Extended Facilities Funding Summary • Total Syndicated Facility $416M - term Dec 2019 Facility Jun 17 $M Dec 17 $M • $46M senior debt Senior Debt and Working Capital Facility 326.3 416.3 • $75M working capital / cash advance Insurance Bonding Facilities 200.0 250.0 Tot
Slide 9: HY18 Review of Operations
villi. RCR “UU ENGINEERING INTELLIGE That's what we d om ; HY18 ==3 Review of ~ — Operations &
Slide 10: Infrastructure
Infrastructure Performance Opportunities Revenue - $M EBIT - $M • Revenue $676M • Continued investment in people and 676.4 CAPEX to support growing pipeline • EBIT $24.7M • Delivering critical rail projects: • Positioned for major spend in solar: • Hornsby Junction Upgrade • Assessing development 24
Slide 11: Energy
Energy Performance Opportunities Revenue - $M EBIT - $M • Revenue $111M • Preferred on 2 open cycle power plants 110.8 • EBIT $5.1M • Major shutdown and maintenance work: 97.8 • Delivering: • Utility and industrial sectors • 27MWe Steam Tail project in Senipah • Australia and NZ • 20MW boiler for Ma
Slide 12: Resources
Resources Performance Opportunities Revenue - $M EBIT - $M • Revenue $161M • Strong pipeline due to increased 160.8 commodity prices and battery metals • EBIT ($3.1M) • Scope changes and time pressure on • Provider for resource projects: 113.9 a couple of projects • Iron ore, mineral sands, zinc, co
Slide 13: Outlook
Outlook 13
Slide 14: Outlook
Outlook • With Order Book of $1.2B and Preferred Contractor Status of $2.0B, RCR expects revenue and earnings growth in FY18 and into FY19 • Major pipeline of opportunities in: • Renewable energy; ~1GWac in development or preferred • Rail and other transport • New power projects in Asia Pacific, inc
Slide 15: Corporate Overview
Corporate Overview 15
Slide 16: Our Business
Our Business Order Book 3 business units + Preferred $3.2B Diverse operations Infrastructure, Energy and Resources Employees 3,341 5 countries Our diversification & growth strategy is on track and with a strong order book we are well Strategically located positioned for the future Australia, New Zea
Slide 17: RCR Core Capabilities
RCR Core Capabilities Rail & Transport Turnkey Energy Generation Mining & Minerals Renewables Energy Service Oil & Gas Solar, Wind, Battery & Hydro Upgrades & Maintenance Onshore & Offshore Electrical & Instrumentation (E&I) Facilities Management, HVAC Water, Waste Water & Process Mining Technologie
Slide 18: Safety, Environment and People
Safety, Environment and People HY18 Safety Performance Safety Performance • TRIFR of 5.78 and LTIFR of 0.61 12.00 Leading Safety Indicators 10.13 • 319,648 Take 5 actions completed 8.37 • 21,261Tool Box and Pre-start meetings conducted8.00 6.37 5.78 • 9,072 Safe Act Observations conducted • 17,964 J
Slide 19: Important Information, Risk and Disclaimer
Important Information, Risk and Disclaimer 19
Slide 20: Reconciliation of Statutory Earnings
Reconciliation of Statutory Earnings HY17 HY18 Item $M $M Revenue 471.0 940.1 EBITDA 25.2 32.8 Depreciation and Amortisation (10.1) (10.0) EBIT 15.1 22.8 Net Interest (1.9) (1.2) Tax (3.2) (5.3) Statutory Result from Continuing Operations 10.0 16.3 Net Loss After Tax from Discontinued Operations (1.
Slide 21: Important Information, Risks and Disclaimer
Important Information, Risks and Disclaimer This presentation and any oral presentation accompanying it has been prepared by RCR Tomlinson Ltd ABN 81 008 898 486 (“RCR” or “the Company”). Summary of information: The information in this presentation contains general and background information about R