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2014 HALF YEAR RESULTS – Monadelphous Group

Monadelphous Group · Feb 18, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 1
    2014 Half Year Results 18 February 2014 TOGETHER WE DELIVER.
  2. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 2
    Company Profile Monadelphous Group Limited (ASX:MND) is a S&P/ASX 100 company that provides construction, maintenance and industrial services to the resources, energy and infrastructure sectors throughout Australasia. Market Earnings…
  3. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 3
    Group Highlights Sales revenue down 1% to 1,277m Record NPAT of 87.1m up 10.1%, underlying NPAT up 0.1% to 79.2m Financial Underlying EPS down 2.6% to 86.3c, DPS down 3.2% to 60c Strong cashflow from operations of 78.1m, conversion…
  4. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 4
    Contract Activity Geographic representation Darwin Beijing Papua New Guinea Dampier Port Hedland Barrow Island Cape Lambert Karratha Bungaroo Valley Tom Price Mackay Moranbah Bowen Basin Onslow Paraburdoo Newman Marandoo…
  5. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 5
    Sales Revenue Analysis End Customer Service Market 2.6% 1.0% 0.6% 0.5% 2.0% 4.6% 6.8 % 8. 4% 18.9% 37.8% Geography SA 1.1% NT 1.2% 12.7% 43.7% NSW 1.0% Overseas 1.5% 36.1% 24.3% QLD 20.3% Iron Ore Process…
  6. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 6
    Contracts Secured 700m of new contracts and contract extensions year-to-date ConocoPhillips LNG Maintenance, Darwin Oil Search Limited Field Construction Services Papua New Guinea Rio Tinto Chevron Port B, Cape Lambert…
  7. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 7
    Safety Scorecard Injury Frequency Rates Injury Frequency Rates* 12 12 * 12-month roling average (per million man-hours worked) LTIFR TCIFR TCIFR LTIFR 99 66 33 3.41 3.41 00 0.10 2009 2009 2010 2011 2011 2012 2012…
  8. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 8
    People Employee Numbers Employees by Division 213 8,000 7,606 7,067 7,000 5,971 5,812 6,000 5,382 5,656 5,000 4,000 2,759 2,684 3,000 2,000 1,000 0 FY11 HY12 FY12 HY13 FY13 HY14 Rebased to exclude Skystar employees…
  9. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 9
    Productivity Company-wide cost reduction program Focus areas Major initiatives implemented Progress Projects Consolidation of support and service structures Cost savings of People Review of project delivery methodologies 34m p.a.…
  10. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 10
    Financial Performance Group highlights Unit HY14 HY13 Change Sales Revenue m 1,277 1,289 -1.0% EBITDA m 121.4 125.3 -3.1% EBITDA Margin % 9.5 9.7 -0.2pp* NPAT m 79.2 79.1 +0.1% NPAT Margin % 6.2 6.1 +0.1pp* EPS cps 86.3 88.6 -2.6%…
  11. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 11
    Financial Position and Funding Balance sheet remains strong Dec 13 Dec 12 Change m m Cash at Bank 234.6 189.3 +23.9% Net Cash Position 188.1 126.3 +48.9% (Cash less interest bearing loans and borrowings) Capital Expenditure 2.8 36.3…
  12. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 12
    Historical Performance 2,614.1 2,614.1 156.3 156.3 247.0 247.0 196.5 126.0 126.0 1,897.5 1,897.5 196.5 1,443.9 1,443.9 153.3 153.3 95.1 95.1 1,275.4 1,275.4 1,276.7 1,276.7 129.4 129.4 74.2 83.2 83.2 79.2 79.2 1,122.5…
  13. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 13
    Cash Flow Performance Operating Cash Flow Cash Flow Conversion 138.6 125.2 103% 113.2 92% 92% 96.0 78.1 68% 58% FY10 FY11 FY12 FY13 HY14 HY12 FY12 HY13 FY13 HY14 Operating cash flow before interest & tax Cash flow…
  14. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 14
    NPAT Contribution Analysis NPAT Contribution (m) 7.9 87.1 79.1 (0.8) 2.2 79.2 (1.7) (0.4) 0.8 Underlying HY13 NPAT Sales Margin Interest (Net) D&A Tax Rate Profit on disposal HY14 NPAT of Skystar Underlying basis. Refer…
  15. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 15
    Sales Revenue Summary Divisional Highlights Revenue by Division 0.6% Unit HY14 HY13 Change Engineering Construction* m 960.4 952.4 +0.8% 24.7% Maintenance & Industrial m 317.1 339.8 -6.7% Services* 74.7% Skystar m 7.8 11.2 -30.4%…
  16. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 16
    Engineering Construction Highlights End Customer Sales (m) 2.6% Revenue grew 0.8% to 952.4 960.4 960.4m Oil & Gas High levels of 23.5% 28.9% 532.0 562.5 Iron Ore 421.7 construction activity Coal Strengthened position…
  17. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 17
    Maintenance and Industrial Services Highlights End Customer Sales (m) 250m of new 317.1 339.8 317.1 contracts and extensions 18.8% Oil & Gas Growth in oil and gas 5.6% Iron Ore 176.9 188.1 maintenance activity 58.9% Coal 16.7%…
  18. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 18
    Market Conditions Construction (Capex Ab) Construction 140 Softer outlook despite capex remaining at historically high levels 120 Large LNG projects will provide prospects in short to medium term 100 80 60 Maintenance 40 20…
  19. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 19
    Outlook Market conditions continue to tighten as customers pull back on capital expenditure and focus on maximising returns from existing assets Committed developments in oil and gas and iron ore will continue to provide opportunities…
  20. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 20
    Non-IFRS Financial Information Reconciliation H1 2014 H1 2013 Information, including forecast financial information, in this presentation, should 000 000 not be considered as a recommendation in relation to holding, purchasing or selling…
  21. 2014 HALF YEAR RESULTS – Monadelphous Group – slide 21
    For more information: Rachel Cooper, Investor Relations Manager Telephone: +61 (08) 9315 7429 Email: rcoopermonadel.com.au www.monadelphous.com.au TOGETHER WE DELIVER.

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