Monadelphous Group Limited · ASX:MND
Monadelphous — FY2019 Earnings Presentation
17 slides from Monadelphous's earnings presentation, Aug 20, 2019
Slide 1: 2019 Full Year Results
Monadelphous 2019 FULL YEAR RESULTS 20 AUGUST 2019 TOGETHER WE DELIVER
Slide 2: Monadelphous Profile
MONADELPHOUS PROFILE For personal use only Market capitalisation as at 15 August 2019 2019 FULL YEAR RESULTS 2
Slide 3: 2019 Group Performance & Highlights
2019 GROUP PERFORMANCE & HIGHLIGHTS For personal use only REVENUE* REVENUE BY END CUSTOMER REVENUE BY DIVISION ($M) $1,608 UNDERLYING NET PROFIT AFTER TAX# $57.4 UNDERLYING EARNINGS PER SHARE# 998.4 61.0 841.1 652.9 FULL YEAR DIVIDEND 48.0 CASH • Record revenue performance in Maintenance and Industr
Slide 4: 2019 Divisional Highlights: Engineering & Construction
2019 DIVISIONAL HIGHLIGHTS ENGINEERING & CONSTRUCTION For personal use only REVENUE BY END CUSTOMER ($M) • Recorded revenue of $622.9* million • Renewed confidence in resources sector • Secured major construction contracts on BHP’s South Flank, and post year end, Rio Tinto’s West Angelas and Albemar
Slide 5: 2019 Divisional Highlights: Maintenance & Industrial Services
2019 DIVISIONAL HIGHLIGHTS MAINTENANCE & INDUSTRIAL SERVICES For personal use only REVENUE BY END CUSTOMER ($M) • Revenue up 19 per cent to $998.4 million • Increased demand in WA resources sector for sustaining capital works, and additional turnaround activity • Secured $240 million three-year gene
Slide 6: Contracts Secured
CONTRACTS SECURED For personal use only 2019 FULL YEAR RESULTS 6
Slide 7: Safety Performance
SAFETY PERFORMANCE For personal use only 6.00 4.00 4.02 TRIFR 2.00 0.06 LTIFR - 2015 2016 2017 2018 2019 • TRIFR impacted by rapid mobilisation of resources to support growth in maintenance activity and increased subcontractor numbers across business • Implemented improved subcontractor management,
Slide 8: People
PEOPLE For personal use only • Appointed new Non-Executive Director, Sue Murphy AO • Large proportion of subcontractor labour, both internationally and in infrastructure • Increase in direct employee numbers due to increase in maintenance services activity • Maintain focus on attracting and retainin
Slide 9: Financial Snapshot
FINANCIAL SNAPSHOT For personal use only Year ended 30 June FY19 FY18 CHANGE Revenue $M 1,608.3* 1,784.0* (9.85%) Engineering Construction 622.9* 949.9* (34.4%) Maintenance and Industrial Services 998.4 841.1 18.7% Internal Eliminations (13.0) (7.0) EBITDA $M 106.8^ 119.0^ (10.3%) EBITDA margin % 6.
Slide 10: Industry Outlook – Australia
INDUSTRY OUTLOOK – AUSTRALIA For personal use only 40 TOTAL RESOURCES CAPEX A$B 70 TOTAL ENERGY CAPEX A$B 35 60 30 50 25 40 20 30 15 20 10 5 10 0 0 2014 2015 2016 2017 2018 2019f 2020f 2021f 2022f 2023f 2014 2015 2016 2017 2018 2019f 2020f 2021f 2022f 2023f Source: BIS Oxford Economics, ABS (July 20
Slide 11: Outlook
OUTLOOK For personal use only • Return of more favourable core market conditions expected to provide solid pipeline of opportunities • Project development activity increasing, particularly in iron ore and lithium • LNG prospects expected to be positive in years to come • Maintenance activity to rema
Slide 12: Appendices
For personal use only APPENDICES
Slide 13: Engineering Construction Major Projects FY 2019
ENGINEERING CONSTRUCTION MAJOR PROJECTS FY 2019 • Oyu Tolgoi LLC; SMPE&I works, Oyu Tolgoi Underground Project, South Gobi region, Mongolia For personal use only • BHP; Various SMPE&I integrated packages, Pilbara, WA • Kiewit Corporation; structural steel and miscellaneous steel • Fortescue Metals G
Slide 14: Maintenance & Industrial Services Major Projects FY 2019
MAINTENANCE & INDUSTRIAL SERVICES MAJOR PROJECTS FY 2019 For personal use only • Woodside; offshore maintenance and brownfields services for Woodside-operated gas production facilities in north west of WA, maintenance and turnarounds at Karratha Gas Plant and services under KLE Program through MGJV,
Slide 15: Notes to Financials
NOTES TO FINANCIALS For personal use only NON-IFRS FINANCIAL INFORMATION STATUTORY REVENUE FROM CONTRACTS WITH CUSTOMERS AND EBITDA RECONCILIATIONS FY19 $M FY18 $M Monadelphous Group Limited Total revenue from contracts with customers including joint 1,608.3 1,784.0 results are reported under ventur
Slide 16: Notes to Financials
NOTES TO FINANCIALS For personal use only NON-IFRS FINANCIAL INFORMATION UNDERLYING NET PROFIT AFTER TAX RECONCILIATION FY19 $M FY18 $M Monadelphous Group Limited results are reported under Reported net profit after income tax attributable to members 50.6 71.5 International Financial Reporting Stand
Slide 17: Disclaimer & Important Notice
DISCLAIMER & 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 oth