Monadelphous Group Limited · ASX:MND
Monadelphous — H1 FY2005 Earnings Presentation
14 slides from Monadelphous's earnings presentation, March 2005
Slide 1: Monadelphous Group 2004/05 Half Year Results
Monadelphous Group 2004/05 Half Year Results March 2005
Slide 2: Dec 2004 Half Year Highlights
Dec 2004 Half Year000 Highlights Exceptional Half Year Performance NPAT up 101% to $8.0m EPS up 93% to 40.9 cps Interim dividend up 91% to 21 cps ff Special dividend of 20 cps ff payable with interim dividend Buoyant trading conditions in resource sector forecast for next two to three years Special
Slide 3: Results
000 Results Dec 2004 Half Year 3
Slide 4: Financial Performance: Sales Revenue and EBITDA
Dec 2004 Financial000 Performance Sales Revenue 76% increase in revenue 250,000 fuelled by surge in major 200,000 construction contracts won in buoyant resources sector 150,000 $'000 100,000 50,000 0 2001 2002 2003 2004 2005 Dec Half June Half EBITDA 18,000 EBITDA of $13.6m up 73% 16,000 14,000 12,0
Slide 5: Financial Performance: NPAT and EPS
Dec 2004 Financial000 Performance NPAT NPAT $8.0m up 101% 9,000 8,000 7,000 NPAT Margins maintained at 6,000 5,000 03/04 levels $'000 4,000 3,000 2,000 1,000 0 2001 2002 2003 2004 2005 Dec Half June Half EPS 45 EPS of 40.9 cents per share up 93% on previous half 40 35 30 25 Cents 20 15 10 5 0 2001 2
Slide 6: Financial Performance: Dividends and Shareholders' Equity
Dec 2004 Financial000 Performance Total Dividend Payments Interim dividend of 21 cents 45 per share fully franked 40 35 30 25 Special dividend of 20 cents Cents 20 15 per share fully franked 10 5 0 2001 2002 2003 2004 2005 Special dividends flagged for Interim dividend Final dividend Special dividen
Slide 7: Financial Performance: Return on Equity
Dec 2004 Financial000 Performance ROE Return on equity 18.3% 25 20 Continuing to deliver on the company’s objective of 15 secure financial growth % 10 5 0 2001 2002 2003 2004 2005 Dec Half June Half 7
Slide 8: Dec 2004 Safety Performance
000 Dec 2004 Safety Performance Injury frequency rates reduced by over 25% 60 12 50 10 Total 40 8 Lost Case Time Injury 30 6 Injury Frequency Frequency Rate 20 4 Rate 10 2 0 0 2001 2002 2003 2004 Dec 2004 LTIFR TCIFR 8
Slide 9: Engineering Construction Highlights
000 Dec 2004 Engineering Construction Highlights Revenues boosted by significant progress on major construction contracts including: Comalco NeWeipa bauxite operations, Qld Hamersley Iron Parker Point expansion, W.A. Hamersley Iron 36MT Yandi Upgrade, W.A. Burrup Fertiliser Ammonia Plant, W.A. 9
Slide 10: Engineering Construction Highlights: Major Projects Secured
000 Dec 2004 Engineering Construction Highlights Major projects secured during the half include: Xstrata Rolleston Coal Plant, Qld $25m Ravensthorpe Nickel Sulphuric Acid Plant, W.A. $35m Rio Tinto Iron Ore Expansion Project, W.A. $40m Additional Rio Tinto Expansion Project, W.A. $35m (Secured early
Slide 11: Services Highlights: Maintenance & Industrial
000 Services Highlights Dec 2004 Maintenance & Industrial Expansion of maintenance services business in Queensland Preferred contractor to provide mechanical trade services at Comalco’s Boyne Smelter operations in Gladstone Preferred tenderer for a major maintenance shutdown with Australia’s largest
Slide 12: Services Highlights: Maintenance & Industrial
000 Services Highlights Dec 2004 Maintenance & Industrial Successful completion of General Services contract with Woodside Energy’s LNG4 Expansion in WA (in JV with Brambles) Establishment of site operations for the provision of minor capital works at BHP Billiton’s Worsley Alumina Refinery in W.A.
Slide 13: Key Customers
000 Key Customers BHP Billiton (Iron Ore, Nickel,Coal) WMC Resources (Copper, Nickel) Woodside (Oil & Gas) Queensland Alumina (Alumina) Alcan Gove (Alumina) Rio Tinto Hamersley Iron (Iron Ore) Comalco (Alumina) Xstrata (Copper, Lead) Alcoa (Alumina) Chevron Texaco (Oil & Gas) 13
Slide 14: Outlook
Outlook000 Well on track to exceed $300m revenue target for the year Positive outlook from resource developments by most existing major customers Focus on controlling growth and consolidating position Continue with long term growth in Maintenance & Industrial Services business Skills shortage - majo