Full Year 2015 Results Presentation. Monday, 24 August 2015
|
|
- Bernard Adams
- 5 years ago
- Views:
Transcription
1 Full Year 2015 Results Presentation Monday, 24 August 2015
2 FY15 overview What we said we would do What we delivered Revenue $2.3b Revenue $2.3b Underlying EBIT $47m (ex DTZ) EBIT $47.5m Net debt $30-50m at 30 June 2015 Net cash $33.7m Right size overheads Overhead savings of $33m per annum from FY16 Recovery of long dated WIP WIP at 30 June 2015 $163m down $94m during H2 Review operating structure New operating structure developed to drive greater Strong order book for FY16 FY15 Cash received in H2 FY15 $66m management focus and clarity FY15 results reported under new structure FY16 revenue 79% sold at 30 June 2
3 Safety 12 month rolling 3
4 Update on Ichthys CCPP and SMP Projects Ross Taylor
5 Ichthys CCPP project status Overall project 75% complete at consortium level UGL & CH2M HILL JV project scope 60% complete Design 98% complete Procurement 90% complete Construction 36% complete Project continues to track to revised program and in line with revised cost to complete 2H15 cash outflow was $56m Remain confident in the adequacy of $175 million provision Commercial negotiations with client continue in parallel with formal progression of claims Commercial resolution likely before December
6 Ichthys SMP project status Construction 18% complete No margin will be recognised until project is 30% complete in accordance with JV revenue recognition policy expected to occur around December 2015 Site productivity tracking in line with targets Slippage in early milestones due to delays in site access and client procurement EOT claim submitted with indication by client they will pursue a process to resolve the EOT and mitigate current schedule slippage Continue to submit claims and variations in accordance with contract terms Commercial resolution likely before December
7 FY2015 Results Ross Taylor
8 Results overview Underlying Results $m FY15 FY14 Change 3, ,511.5 (32%) (59%) 2.5% (25.5) (15.5) 4.1% (37.4) (30.2) 32% 49% Minority interest (4.0) (6.4) 37% NPAT (73%) 1.0% 2.5% Operating revenue EBIT EBIT margin Interest Tax NPAT margin EPS (73%) 8
9 Operating revenue Underlying ($m) UGL Total Revenue FY15 Engineering Revenue $2.3b 9
10 Results excluding DTZ New UGL (Underlying) Using the previous corporate cost overhead model ($m) Revenue FY15 FY14 Change 2, , % (17%) (22.0) (22.2) 0% EBIT (23%) EBIT % 2.0% 2.7% (25%) Engineering Operating Profit Corporate Costs 10
11 Normalising overhead historically to align with future reporting Historical New ~$33m per annum saving Group Overhead Engineering Group Overhead Divisional Overhead Group Overhead Divisional Overhead ~$40m or 1.7% of revenue Varies by division 11
12 Results excluding DTZ New UGL (Underlying) Engineering earnings based on new overhead model Corporate costs 1.7% of revenue Reflects combined group and engineering overheads with increased cost accountability at the divisional level ($m) Revenue FY15 FY14 Change 2, , % (13%) (39.9) (38.9) 3% EBIT (23%) EBIT % 2.0% 2.7% (25%) Engineering Operating Profit Corporate Costs (at 1.7%) 12
13 Asset Services Technology Systems Engineering & Construction International EGM Alan Beacham Shane Kimpton David MacKenzie Mark Chilcote Alan Beacham Passenger build and maintenance Freight build and maintenance GE parts sales & distribution Supply chain services Component manufacture Naval ship maintenance Power, water and resources sector: - Engineering - Procurement - Construction - Commissioning Engineering design, procurement, construction and commissioning of water treatment plants O&G pipeline EPC capability Divisions Rail & Defence Operations Reporting under our new operating structure Maintenance services Shutdowns and turnarounds Sectors: - LNG - Minerals processing - Petroleum - Power - Water Road tunnel signaling and communications systems Train signaling and control systems Wireless communications 13
14 Rail & Defence FY15 FY14 Change % EBIT - $m (29%) EBIT margin 3.3% 4.7% Revenue - $m Order book - $b Revenue $m EBIT $m (6%) FY15 Overview EBIT impacted by reduced coal freight locomotive sales and associated underutilisation of rail facilities Strong performance across MTM and UGL Unipart contracts Solid order book with 95% recurring Key opportunities secured : Sydney Metro Northwest Tangara technology upgrade (not in FY15 order book) Outlook FY16 revenue in line with FY15 Freight locomotive market remains subdued offset by continuing strength in maintenance and upgrade markets Profitability expected to improve in FY16 following rationalisation of under-utilised rail facilities 14
15 Asset Services Revenue - $m EBIT - $m EBIT margin Order book - $b Revenue $m FY15 FY14 Change % (25%) 1.8% 2.5% EBIT $m 1% FY15 Overview Revenue increase driven by Stanwell and Chevron contracts secured in FY14 EBIT impacted by margin pressure in coal maintenance and low work volumes in WA design business WA design business closed in June 2015 Strong order book predominantly recurring Key opportunities secured: APLNG and GLNG BP fuel terminal network Outlook Revenue expected to grow in FY16 driven by contracts secured in FY15 and ramp up of Chevron maintenance Shutdown revenue expected to increase significantly in FY17 as LNG plants enter first shut down cycle FY16 profitability expected to improve with close of WA design business and coal sector now reset to new base 15
16 Technology Systems FY15 FY14 Change (23%) EBIT - $m (51%) EBIT margin 4.4% 7.0% Revenue - $m Order book - $b Revenue $m EBIT $m 102% FY15 Overview Revenue contraction driven by completion of Regional Rail Link and Solomon Spur during FY15 and reduced revenue from DTRS as project moves to later stages of the contract EBIT impacted by the ongoing dispute on DTRS offset in part by a strong contribution from Regional Rail Link Secured Sydney Metro Northwest Outlook FY16 revenue expected to be flat with Sydney Metro Northwest replacing completed projects in FY15 Medium term outlook supported by large secured contracts delivering substantial revenue growth in FY17 as projects move from design to delivery phase Expect to close NorthConnex in coming weeks 16
17 Engineering & Construction FY15 FY14 Change % EBIT - $m % EBIT margin 6.6% 5.2% Revenue - $m Order book - $b Revenue $m EBIT $m (35%) FY15 Overview Revenue growth driven by ramp up of Ichthys CCPP and SMP projects although nil margin recognised Strong revenue and EBIT contribution from Roy Hill and West Angelas power projects Solid performance in power systems and power transmission Outlook FY16 revenue is expected to grow due to full year contribution of Ichthys SMP with margin recognition to commence once project is 30% complete FY16 EBIT margin will continue to be impacted by nil margin revenue recognised on Ichthys CCPP 17
18 International FY15 FY14 Change Revenue - $m (50%) EBIT - $m (5.9) (5.1) 16% EBIT margin Order book - $b Revenue $m (52.1)% (22.4)% EBIT $m 161% FY15 Overview Revenue decline driven by reduced levels of secured infrastructure projects in South East Asia Overhead costs not recovered due to low activity Cost base right-sized to support scale of operations in FY16 EBIT also impacted by reduced throughput volumes in Indian locomotive fabrication facility Texmaco JV currently being exited (previously provisioned) Outlook Strong near to medium term prospects in tunneling, water and oil & gas pipelines in South East Asia Continued investment in the region contingent on securing identified key opportunities in FY16 18
19 Financial Analysis Ray Church
20 Results overview Underlying Results $m FY15 FY14 Change 3, ,511.5 (32%) (59%) EBIT margin 2.5% 4.1% Interest (25.5) (37.4) 32% Tax (15.5) (30.2) 49% Non controlling interest (4.0) (6.4) 37% Net profit after tax (73%) 1.0% 2.5% Effective tax rate 31.0% 20.4% ROFE 14.0% 11.4% Operating revenue EBIT (DTZ FY15 $28m FY14 $124m ) NPAT margin EPS Engineering CAPEX 20
21 DTZ overview $m Trading Profit on sale Sales Costs - (17.3) (17.3) Accounting Profit on Sale Reported EBIT Interest (6.3) - (6.3) Tax (4.1) (17.2) (21.3) Operating revenue EBIT Non-Controlling Interest Profit from Discontinued Operations FY
22 Business reset One-Off items impacting FY2015 * Excluding Ichthys CCPP 22
23 Goodwill impairment Pre restructure Post restructure Impairment (52.2) Technology systems (10.8) Infra E&C Asset Services Total Goodwill Rail & defence (63.0) 23
24 Reconciliation to statutory $m Underlying Revenue EBIT JV's (Equity method)* 3,048.6 (319.9) 75.3 (6.9) Net interest (25.5) Tax (15.4) Non-controlling interests (4.0) NPAT Claims Provision for Resources Goodwill Tender costs Restructure Discontinued Continuing resolution & contract loss slowdown impairment written off costs operations operations settlement (717.5) (175.0) 52.5 (122.5) (39.8) 11.9 (27.8) (84.9) 22.6 (62.4) (63.0) 0.0 (63.0) Profit attributable to discontinued operations (18.9) 5.7 (13.2) (38.1) 11.4 (26.7) 2,011.1 (27.8) (379.1) 6.2 (19.3) (3.9) (17.4) (302.7) 66.3 (236.4) Statutory Loss * Includes $11m DTZ Revenue for details refer to note 3 and Note 26 of the financial statements 24
25 Operating Cash Flow ($m) 25
26 Balance Sheet - WIP reduction Progress on WIP WIP Movement Good level of cash conversion in June Gross WIP reduced from $257m at 31 December to $163m at 30 June WIP days at 30 June: 30 days 26
27 Balance Sheet - Change in accounting for unincorporated joint ventures (UJVs) Balance Sheet 30 June 2015 ($m) Cash and cash equivalents Trade and other receivables Inventories Investments Property, plant and equipment Trade and other payables Provisions Other Net assets Excl UJV impact (5) 48 (265) (61) Incl UJVs - Statutory (416) (63) Impact (151) (2) - Background UJV s proportionally consolidated 2015 First year of material UJV impacts previously equity accounted Aligns with AASB 11 and industry peers Impact on Balance Sheet Increase of cash $91m Decrease in net working capital balance of ($113m) 27
28 Balance Sheet - Material items impacting net debt in H Cash impact of material one-off items $m Net (Debt) 31 Dec 2014 (63.0) DTZ Sale Costs (25.3) DTZ Final Proceeds DTZ Exit Costs 60.7 (12.4) Claims Resolved 66.0 Working Capital Movement (8.4) Ichthys CCPP (56.0) Restructure Costs (12.3) CAPEX (6.1) UJV cash 90.5 Net Movement Net Cash 30 June
29 Debt structure post refinancing Maturity profile by years - $m Credit* metrics FY15 FY14 (Net cash)/net debt ($m) (34) 567 Net debt / (net debt + equity) % Net debt / EBITDA - 2.4x x Interest Cover Debt* and bonding facilities $m Total facilities 381 Drawn 131 Cash 165 (Net cash) (34) Available Facilities 250 Total Liquidity 415 Bonding facilities $m Total facilities 543 Drawn 336 Available facilities 207 * Includes UJVs cash 29
30 Progress against FY16 priorities Priorities Progress 1 Maintain lean overhead cost base Leaner and more focused Corporate centre established with increased functional responsibilities in Divisions On track to realise $33m in annual overhead savings 2 Embed consistent standardised commercial and project management disciplines Enhanced risk and governance framework Commenced implementation of the UGL Way Modules rolled out over next 18 months Priority on project management focused work streams 3 Execute well to maintain gross margin Consolidated execution of higher risk projects within a single division under experienced leadership Standardised project management reporting Financial delegations aligned to skills and capability Focus on strengthening project management capabilities Alignment of project team incentives to performance 4 Disciplined portfolio management of businesses driving capital allocation decisions Balance sheet distributed to Divisions Responsibility for cash flow management now with the Divisions and down to the projects FY16 KPIs to measure return on capital as well as sales and earnings performance 30
31 Order Book & Pipeline Ross Taylor 31
32 Order Book Order Book Over Time ($m) Order Book By Year ($m) 32
33 Order Book recurring/project mix All Years FY16 33
34 Pipeline Renewals & Preferred ($m)1 By Division2 Order book excludes maintenance contract renewal & extension options as well as preferred opportunities Status2 1. Full potential contract value 2. Weighted & qualified 34
35 Outlook Ross Taylor
36 Market outlook Diversity in revenue continues to provide balance against contraction in resources sector Overall markets remain competitive driven by excess capacity of service providers Subdued resources infrastructure and operations investment expected to continue in the medium term as resources clients retain strong focus on cost reduction and improved efficiencies Strong transport infrastructure opportunities supported by Government investment Leading player in passenger rail maintenance Proven O&M capability for privatised/franchised networks Market leader in transport technology systems Strong international OEM partners Growth in LNG maintenance as capex projects reach operational phase Tier 1 maintenance services provider Core base of LNG maintenance and shutdown work flow Sufficient scale to maintain a permanent shut down crew providing competitive advantage Opportunities in adjacent markets such as distribution and renewables Market leader in power systems with solid win rate Steady growth in waste water sector driven by conservation initiatives Strong design capabilities and project delivery track record 36
37 Repositioned for improved performance from FY16 Description FY15 Step 1: Reset Complete project reviews and implement new initiatives Complete restructure of divisional and corporate overheads to right size the business Focus on and reduce WIP balance Completed Improve project gross margin delivery Convert identified pipeline opportunities FY16 Step 2: Turnaround FY17 Step 3: Step change FY18 + beyond Step 4: Growth Realise full run-rate of cost reduction initiatives implemented in FY15 Revenue $2.3 billion and EBIT margin increase to 3% On Track Deliver average cash flow conversion of 100% of NPAT excluding Ichthys CCPP Revenue step change by at least $300m driven by exposure to transport infrastructure and LNG maintenance Commencement of major contracts within Technology Systems and Asset Services divisions Improvement in margin due to replacement of nil margin revenue with new profitable contracts Profitable top line growth combined with lean overhead structure will see a further EBIT margin improvement towards 4% Sustainable enterprise and industry leader Continue to seek opportunities for growth and value enhancement 37
38
39 Appendices
40 The new UGL Vision and strategic priorities UGL VISION UGL VISION PRIORITIES An industry disruptor that dominates the Australian market throughstrategic the application of world leading technology and execution capabilities taking the smartest solutions to our clients and sectors globally LEAD IN SAFETY AND SUSTAINABILITY UGL VISION BUILD A WORLD CLASS TALENT BASE An industry disruptor that dominates the Australian market through the application of world leading technology and execution capabilities taking the smartest solutions to our clients and sectors globally CONSISTENTLY DELIVER BUILD OUR PORTFOLIO STRENGTHS THROUGH INNOVATION BE THE PARTNER An industry disruptor that dominates the Australian market through the applicationof ofchoice world leading technology and execution capabilities taking the smartest solutions to our clients and sectors globally DELIVER STRONG ECONOMIC RETURNS FOR SHAREHOLDERS 40
41 Major Contracts Remaining contract value > $100 million Name Description Division Original Value ($m) UGL Unipart In JV with Unipart Rail, heavy maintenance and logistics management services on 1,050 passenger cars in Sydney s passenger car fleet for Sydney Trains & Transport for NSW Rail 1,400 Metro Trains Melbourne Operations and maintenance of Melbourne s passenger train franchise Rail North West Rail Link Design, build, finance and operate the new rapid transit service as a member of the NRT consortium Freightliner +$900m extension option 1,300 excluding capital works Duration Contract type Schedule of + 5 year rates extension option Schedule of + 7 year rates extension option Total consortium contract $3.7bn Design and deliver the tunnel systems, rolling stock, Technology rail signalling and overall control systems in JV with Solutions MTR Corporation Lump sum Operations and maintenance of the service in JV with MTR & John Holland Schedule of rates Maintenance of locomotives and wagons operated by Freightliner Australia in the Hunter Valley Rail Rail Schedule of rates 41
42 Major Contracts Remaining contract value > $100 million Name Description Division Pacific National Upgrade and maintenance for a portion of the Pacific Rail National Rail locomotive fleet Original Value ($m) Duration 540 Maintenance: Contract type Upgrade: Schedule of rates Lump sum Ichthys SMP In JV with Kentz Corporation structural, mechanical and piping construction package for the Ichthys LNG Project E&C Lump sum Stanwell Facilities maintenance and management, overhauls and project works across Stanwell s coal, gas and hydro energy assets in Queensland Asset Services Cost plus Ichthys CCPP Power Station Design, supply of the balance of plant and the E&C construction of a combined cycle power plant for the Ichthys LNG project Lump sum BP Operation and maintenance of BP s 17 fuel terminals across Australia through a JV between UGL and BP Asset Services Schedule of rates Chevron Maintenance Maintenance services for the operational phase of Chevron s Western Australian assets Asset Services NA Schedule of rates + potential for extension to 5 years + 3 year extension option + extension options 42
43 Major Contracts Remaining contract value > $100 million Original Value ($m) Duration Asset Services NA Schedule of rates Maintenance, shutdown, engineering and project services for Santos GLNG s Curtis Island LNG facility Asset Services Schedule of rates In joint venture with Unipart Rail, technology upgrade of fleet of 446 Tangara passenger railcars Rail Schedule of rates Name Description Division APLNG Downstream maintenance, shutdown and modification project services for the operational phase of the Curtis Island LNG Facility GLNG Tangara Technology Upgrade + extension options up to 4 years Contract type 43
44 New Contract Wins and Extensions $2.1 billion in contract wins and renewals: Sydney Metro Northwest: $3.7bn operations contract to be delivered by UGL as part of the Northwest Rapid Transit Consortium [check name of consortium?] APLNG: Multi-million dollar 4 year downstream maintenance services contract GLNG: $120m 3 year downstream maintenance services contract BP: 3 year $190m operations and maintenance contract across 17 BP fuel terminals Post 30 June 2015 win: Tangara Technology Upgrade: $131m contract undertaken by UGL Unipart Rail for technology upgrade of Tangara passenger rail fleet in Sydney 44
45 Order Book & Pipeline By Division Order Book ($m) Pipeline ($m) 45
46 Order Book By delivery structure ($m) By contract type ($m) 46
For personal use only
ASX Release 22 February 2016 UGL delivers improved performance in HY16; on track to deliver FY16 guidance Net profit after tax of $18.5 million and EPS of 11.3 cents per share Operating revenue of $1.2
More informationMacquarie Securities Western Australia Forum. 15 October 2014
Macquarie Securities Western Australia Forum 15 October 2014 Disclaimer Summary information This presentation contains summary information of TOX Solutions Limited ( TOX ) and is dated 15 October 2014.
More informationFull Year Results Presentation 22 August 2011
Full Year Results Presentation 22 August 2011 Summary $5.4m trading NPAT profit, a 32% increase on FY10 trading NPAT of $4.1m. $37.7m reported NPAT loss for FY11, including $39.1m one-off impairments and
More informationInvestor Presentation
Investor Presentation Q4 FY 2017 Contents Company Overview Market Outlook and Strategic Intent Financial Performance Key Investment Highlights Company Overview Company Structure AusGroup Ltd (Singapore)
More informationFIRST HALF FINANCIAL YEAR 2018 RESULTS PRESENTATION
FIRST HALF FINANCIAL YEAR 2018 RESULTS PRESENTATION 15 February 2018 Steve Gostlow, Managing Director 2 Our corporate ideals are based on safety, reliability and sustainability. 1H18 - Highlights Safety
More information7 February Canberra Light Rail Stage One PPP, Australian Capital Territory, Pacific Partnerships, CPB Contractors and UGL.
ANALYST AND INVESTOR PRESENTATION FULL YEAR RESULTS 2017 Marcelino Fernández Verdes, Executive Chairman Michael Wright, Chief Executive Officer Stefan Camphausen, Chief Financial Officer Canberra Light
More information13 APRIL WestConnex M4 East, New South Wales. Refer to ASX/Media Release for further information
ANALYST AND INVESTOR PRESENTATION 1Q17 RESULTS Marcelino Fernández Verdes, Executive Chairman Adolfo Valderas, Chief Executive Officer Angel Muriel, Chief Financial Officer WestConnex M4 East, New South
More informationFor personal use only. Transfield Services Limited
Transfield Services Limited Half Year Results 26 February 2015 Disclaimer and Important Information 2 This presentation is for information purposes only and is a summary only. It should be read in conjunction
More information2007 Half Year Results: United Group Delivering Continued Growth. Richard Leupen Managing Director and CEO David Irvine Chief Financial Officer
2007 Half Year Results: United Group Delivering Continued Growth Richard Leupen Managing Director and CEO David Irvine Chief Financial Officer Agenda 2007 half year highlights Divisional reports: United
More informationANNUAL REPORT MAINTAINING TODAY. creating tomorrow
ANNUAL REPORT 2016 MAINTAINING TODAY creating tomorrow Who we are today 1 Highlights for FY2016 2 Our vision & strategy 4 Five operating divisions with strong market focus 6 A common set of values lived
More informationTranspacific FY15 Half Year Results Presentation
Transpacific FY15 Half Year Results Presentation Robert Boucher CEO Brendan Gill CFO 20 February 2015 - Disclaimer Forward looking statements - This presentation contains certain forward-looking statements,
More informationDowner Half Year Results 21 February 2018 INVESTOR PRESENTATION
Downer Half Year Results 21 February 218 INVESTOR PRESENTATION OVERVIEW Total revenue 1 $6.1 billion, up 69.3% (up 2.6% on a pro forma basis) Underlying Earnings Before Interest, Tax and Amortisation of
More informationFor personal use only
18 OCTOBER 2016 3Q CASH FLOW FROM OPERATING ACTIVITIES UP 7.3% YOY TO $533M, AN EBITDA CONVERSION RATE OF 192% IN LAST 12 MONTHS (LTM), WHICH ADJUSTS FOR SEASONALITY, EBITDA CONVERSION RATE OF 107% 9M16
More informationAppendix 4D. Half Year Report to the Australian Stock Exchange
Appendix 4D to the Australian Stock Exchange Name of Entity Boom Logistics Limited ABN 28 095 466 961 Half Year Ended 31 December 2014 Previous Corresponding Reporting Period 31 December 2013 Results for
More information17 April Genex Power s Kidston Solar Farm, Queensland, UGL. Refer to ASX/Media Release for further information
ANALYST AND INVESTOR PRESENTATION 1Q RESULTS 2018 Marcelino Fernández Verdes, Executive Chairman Michael Wright, Chief Executive Officer Stefan Camphausen, Chief Financial Officer Genex Power s Kidston
More informationWork in hand 4 increased to $42.0 billion
Highlights Underlying NPATA up 58.9% to $296.5m Up 6.7% on a pro forma basis 1 Guidance met for seventh consecutive year Revenue 2 up 61.5% to $12.6bn (up 16.7% on a pro forma basis) Final dividend increased
More informationInterim Financial Report
Interim Financial Report For Half Year Ended 31 December 2016 Table of Contents Page Results for Announcement to the Market Appendix 4D 2 Directors Report 3 Auditor s Independence Declaration 7 Consolidated
More informationPlease find attached Presenters Notes for the Presentation of Results for the financial half-year ended 31 December 2017.
21 February 2018 Company Announcements Office Australian Securities Exchange Limited Level 6, 20 Bridge Street Sydney NSW 2000 By electronic lodgment Total Pages: 12 (including covering letter) Dear Sir
More informationInvestor Presentation
Investor Presentation Q1 FY 2018 Contents Company Overview Market Outlook and Strategic Intent Financial Performance Key Investment Highlights Company Overview Company Structure AusGroup Ltd (Singapore)
More information2014 Half Year Results. 18 February 2014 TOGETHER WE DELIVER.
2014 Half Year Results 18 February 2014 TOGETHER WE DELIVER. Company Profile Monadelphous Group Limited (ASX:MND) is a S&P/ASX 100 company that provides construction, maintenance and industrial services
More information2015 Annual General Meeting. October2015
2015 Annual General Meeting October2015 FY15 Results Significant restructuring and capital management to support profit recovery in FY16. Statutory EBIT loss of $33.2m Statutory NPAT loss of $36.9m Trading
More informationFor personal use only
23 August 2013 Full Year Results June 2013 We attach an Investor Presentation for the FY13 Full Year Results. As previously announced, a results briefing for analysts will be held at 10:30am Sydney time
More informationFY2017 Full Year Results August 2017
FY2017 Full Year Results August 2017 Repositioning Automotive in a challenging market Market conditions in FY2017 Lower margins in finance Weak WA market conditions but growth in market share Tighter consumer
More informationFor personal use only
Financial Results Half year ended 31 December 2016 15 February 2017 Agenda Results Overview Galdino Claro, Group CEO Financial Results Fred Knechtel, Group CFO Strategic Progress & Outlook Galdino Claro,
More informationWatpac Limited. 31 December 2016 Half Year Results Presentation. 16 February 2017
Watpac Limited 31 December 2016 Half Year Results Presentation 16 February 2017 1H FY17 Group financial summary Construction earnings down; Civil & Mining improves and project funding capacity substantially
More informationCredit Suisse Annual Asian Investment Conference
Adelaide Brighton Limited Credit Suisse Annual Asian Investment Conference Hong Kong, 27 30 March 2017 Martin Brydon Chief Executive Officer and Managing Director Adelaide Brighton Limited Overview of
More informationFor personal use only
ASX ANNOUNCEMENT 18 February 2016 RCR FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2015: RESULTS FOR ANNOUNCEMENT TO MARKET In accordance with Listing Rule 4.2A, RCR Tomlinson Ltd (ASX: RCR) enclose
More informationBoom Logistics Limited. Half Year Results Presentation. 25 February Boom Logistics Limited. Half Year Results Presentation.
Boom Logistics Limited Half Year Results Presentation 25 February 2011 Boom Logistics Limited Half Year Results Presentation 25 February 2011 Summary $5.1m trading NPAT for 1H11, up $4.6m from prior corresponding
More informationFY17 RESULTS. Tuesday 20 February 2018
FY17 RESULTS Tuesday 20 February 2018 Agenda 2017 Highlights Results 2018 Observations Out-of-Home industry APN Outdoor Contract renewals Focus and objectives Trading update 2 2017 Highlights 3 2017 highlights
More informationFor personal use only
ASX ANNOUNCEMENT 23 February 2017 RCR FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2016 RESULTS FOR ANNOUNCEMENT TO MARKET RCR Tomlinson Ltd (ASX: RCR) in accordance with ASX Listing Rule 4.2A,
More informationFY2017 Earnings presentation. Landis+Gyr June 5, 2018
FY2017 Earnings presentation Important notices This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses. These statements are
More informationFull year results to 31 December Morgan Sindall Group plc 22 February 2018
Full year results to 31 December 2017 Morgan Sindall Group plc 22 February 2018 Agenda Introduction John Morgan FY 2017 Financial and Operational Review Steve Crummett Investments John Morgan 2 Summary
More informationInvestor Presentation Euroz Rottnest Conference 15 March 2017
Investor Presentation Euroz Rottnest Conference 15 March 2017 Overview SCEE has acquired leading east coast electrical contractor Heyday5 Pty Ltd ( Heyday5 ) for an enterprise value of up to $54.1m Acquisition
More informationFor personal use only
NRW Holdings Limited (ASX: NWH) ABN 95 118 300 217 For the Half-Year Ended 31 December 2014 220142013 1 APPENDIX 4D RESULTS FOR ANNOUNCEMENT TO THE MARKET For the Half-Year Ended 31 December 2014 NRW Holdings
More informationFor personal use only
FY18 Half Year Results For the six months ended 31 December 2017 21 February 2018 Disclaimer Forward looking statements This presentation contains certain forward-looking statements, including with respect
More informationFor personal use only
Version : 2011 Full Year Results David Harris Group Managing Director & CEO Chris Woodward Finance Director 29 August 2011 Agenda Business Overview Highlights FY 2011 Financial i Performance Business Reviews
More informationOVERVIEW. Operating cash flow $447.8 million, EBITDA conversion 92.8% Total revenue 1 $7,394 million, down 0.5%
OVERVIEW Total revenue 1 $7,394 million, down 0.5% Earnings Before Interest and Tax (EBIT) $276.9 million, down 10.6%. Down 1.5% adjusting for $13 million Capital Metro bid costs and $15 million reduction
More informationCleanaway Waste Management Limited
Cleanaway Waste Management Limited Australia s leading total waste management services company FY16 Results Presentation For the twelve months ended 30 June 2016 19 August 2016 Vik Bansal CEO and Managing
More informationAdelaide Brighton Ltd ACN
Level 1 157 Grenfell Street Adelaide SA 5000 GPO Box 2155 Adelaide SA 5001 Adelaide Brighton Ltd ACN 007 596 018 Telephone (08) 8223 8000 International +618 8223 8000 Facsimile (08) 8215 0030 www.adbri.com.au
More informationQube Holdings Limited
Qube Holdings Limited Investor Presentation FY 18 Interim Results 1 Disclaimer Important Notice ABN 141 497 230 53 The information contained in this Presentation or subsequently provided to the recipient
More informationANALYST AND INVESTOR PRESENTATION FULL YEAR RESULTS 2018
ANALYST AND INVESTOR PRESENTATION FULL YEAR RESULTS 2018 Marcelino Fernández Verdes, Executive Chairman Michael Wright, Chief Executive Officer Stefan Camphausen, Chief Financial Officer Line-wide works
More informationHalf Year Results Presentation 14 February 2012
Half Year Results Presentation 14 February 2012 Key Highlights 1H12 $8.0m reported profit after tax, up 186% or $5.2m from $2.8m in 1H11. 1H12 $6.9m trading profit after tax, up 36% or $1.8m from $5.1m
More informationFiscal Year rd Quarter Earnings Conference Call
Fiscal Year 2017 3 rd Quarter Earnings Conference Call August 8, 2017 www.jacobs.com worldwide Forward-Looking Statement Disclaimer Certain statements contained in this presentation constitute forward-looking
More informationMiclyn Express Offshore
Miclyn Express Offshore FY13 Results Presentation 26 August, 2013 Live Webcast Details Presenter: Diederik de Boer, CEO Date: 26 August, 2013 Time: 11:00am AEST Access: http://www.brrmedia.com/event/114725
More informationFor personal use only
Preliminary Final Report Appendix 4E Results for announcement to the market Pulse Health Limited (ACN 104 113 760) This Preliminary Final Report is provided to the Australian Securities Exchange (ASX)
More informationINVESTOR UPDATE MAY 2017
INVESTOR UPDATE MAY 2017 SPOTLESS GROUP HOLDINGS LIMITED ACN 154 229 562 1 IMPORTANT NOTICES Important notice and disclaimer This document is a presentation of general information about Spotless Group
More informationASX Media Release WORLEYPARSONS LIMITED (ASX: WOR) FULL YEAR 2017 RESULT
23 August 2017 ASX Media Release WORLEYPARSONS LIMITED (ASX: WOR) FULL YEAR 2017 RESULT Professional services company WorleyParsons Limited today announced a statutory net profit after tax (NPAT) of $33.5
More informationQube Holdings Limited Investor Presentation FY 16 Interim Results
Qube Holdings Limited Investor Presentation FY 16 Interim Results 1 Disclaimer Important Notice ABN 141 497 230 53 The information contained in this Presentation or subsequently provided to the recipient
More informationFor personal use only
Appendix 4D Name of entity UGL Limited ABN 85 009 180 287 Half-year ended ( current period ) Results for announcement to the market % $A 000 Revenues from ordinary activities Up/down 3.4 to 2,214,357 Profit
More informationQube delivers another solid financial performance Further progress on Moorebank Project with strong tenant interest
22 February 2018 ASX and Media Announcement Qube delivers another solid financial performance Further progress on Moorebank Project with strong tenant interest Underlying NPAT of $53.7 million ($61.6 million
More informationQube Holdings Limited Investor Presentation FY 15 Full Year Results
Qube Holdings Limited Investor Presentation FY 15 Full Year Results Disclaimer Important Notice ABN 141 497 230 53 The information contained in this Presentation or subsequently provided to the recipient
More information30 June 2015 Full Year Results Presentation August 2015
30 June 2015 Full Year Results Presentation August 2015 FY15 Results Significant restructuring and capital management to support profit recovery in FY16. Statutory EBIT loss of $33.2m Statutory NPAT loss
More informationBROKER PRESENTATION JUNE 2017
PACIFIC ENERGY LIMITED ASX : PEA BROKER PRESENTATION JUNE 2017 Important Notice and Disclaimer This presentation has been prepared by (PEA) for information purposes only. This presentation is not a product
More informationJohn Menzies plc. Interim Results Presentation 14 August 2018
John Menzies plc Interim Results Presentation 14 August 2018 Results Overview Highlights Underlying operating profit at 33.9m, up 18% at constant currency Profit progression John Menzies plc H1 underlying
More informationAustin Engineering Ltd. For personal use only. 1H17 Results Presentation. 24 February 2017
Austin Engineering Ltd 1H17 Results Presentation 24 February 2017 Contents 1. Summary pg 3 2. 1H17 Results pg 6 3. Capital Management pg 10 4. Outlook pg 13 2 Summary Highlights 1. Austin generated Sales
More informationBradken Limited Half Year Results 2017
Bradken Limited Half Year Results 2017 21 February 2017 2017 Half Year Highlights The business has reviewed and sharpened its focus on safety. Total recordable injury frequency rate is reducing. Underlying
More informationFiscal Year st Quarter Earnings Conference Call
Fiscal Year 2018 1 st Quarter Earnings Conference Call February 7, 2018 www.jacobs.com worldwide Forward-Looking Statement Disclaimer Certain statements contained in this presentation constitute forward-looking
More informationFor personal use only
28 February 2017 SPOTLESS DELIVERING ON RESET STRATEGY Spotless Group Holdings Limited (ASX: SPO), a leading provider of integrated facility management services in Australia and New Zealand, today announced
More information2012 Annual General Meeting Wednesday, 14 November 2012
Wednesday, 14 November 2012 For personal use only L9 123 Queen Street, Melbourne Chairman s Address Dale Elphinstone Streamlined Operational Structure 3 Revenue and Earnings Operating Revenue ($m) EBITDA
More informationFinancial Results Full year ended 30 June August 2016
Financial Results Full year ended 30 June 2016 25 August 2016 Agenda Results Overview Galdino Claro, Group CEO Financial Results Fred Knechtel, Group CFO Strategic Progress & Outlook Galdino Claro, Group
More informationFY2015. For personal use only. Full Year Results
2015 For personal use only Full Year Results Create Build Operate Global Minerals Message from the Board & Executive GROUP Group PERFORMANCE Performance Our NPAT for 2015 is a solid performance and testament
More informationFor personal use only
CONTENTS PAGE Appendix 4D 2 Directors report 3 Financial report 15 Auditor s independence declaration 30 Independent auditor s review report to the members 31 Corporate directory 33 IMPORTANT NOTE: Throughout
More informationNRW HOLDINGS LIMITED ANNUAL GENERAL MEETING 28 th November 2012
NRW HOLDINGS LIMITED 2012 ANNUAL GENERAL MEETING 28 th November 2012 DISCLAIMER AND IMPORTANT NOTICE 2 Information, including forecast financial information in this presentation should not be considered
More informationEngenco Limited Investor Presentation FY17. Presented by: Vince De Santis (Chairman) Kevin Pallas (Managing Director & CEO)
Engenco Limited Investor Presentation Presented by: Vince De Santis (Chairman) Kevin Pallas (Managing Director & CEO) Company $8,269,000 Highlights Total profit for the period Revenue (from continuing
More informationPhoto by James Ball - Coffey International Limited FY2013 Half Year Results Presentation. 11 February 2013
Photo by James Ball - www.dlscape.com Coffey International Limited FY2013 Half Year Results Presentation 11 February 2013 Agenda Financial Performance Business Performance Outlook Presenters John Douglas
More informationFor personal use only. FY2017 H1 Results February 2017
For personal use only FY2017 H1 Results February 2017 The half year in review Broader automotive market supported by record new vehicle sales in Australia and New Zealand Strong Automotive earnings growth
More informationFor personal use only
FY16 RESULTS BRIEFING H U G H M A R K S C H I E F E X E C U T I V E O F F I C E R G R E G B A R N E S C H I E F F I N A N C I A L O F F I C E R M I C H A E L S T E P H E N S O N C H I E F S A L E S O F
More information2017 Results Presentation.
2017 Results Presentation www.moelisaustralia.com 20 February 2018 Moelis Australia Overview Moelis Australia is a leading diversified financial services group incorporating Corporate Advisory, Equities
More informationResponse to CIMIC Takeover Offer Investor & Analyst Briefing
Response to CIMIC Takeover Offer Investor & Analyst Briefing Monday, 7 November 2016 1 Agenda 1. Summary of CIMIC takeover offer 2. UGL Board recommendation 3. Timetable & Next Steps 4. Ichthys Projects
More informationUnited Group Limited Investor Day. Thursday November 6, 2008 The Ivy, Sydney
United Group Limited Investor Day Thursday November 6, 2008 The Ivy, Sydney Introduction Richard Leupen, Managing Director & CEO Today s Topics Group update Summary of trading conditions, impact of financial
More informationFull Year Results to 31 January 2018 Announced 22 March 2018
Sigma Healthcare Limited Full Year Results to 31 January 2018 Announced 22 March 2018 ASX Ticker: SIG Important Notice The material provided is a presentation of general information about Sigma s activities
More informationCIMIC s 1 st QUARTER RESULTS FOR 2018
17 April 2018 Singapore Exchange (SGX) 2 Shenton Way # 19-00 SGX Centre 1 Singapore 068804 CIMIC s 1 st QUARTER RESULTS FOR 2018 Please find attached a copy of a media release issued by CIMIC Group Limited,
More informationASX ANNOUNCEMENT DATE: 22 February 2017 Attached is the Presentation regarding Pact s Half year Financial Results for the half year ended 31 December 2016. The Presentation will occur at 10am (Melbourne
More informationJanuary March 2010 Conference Call. Georg Denoke Member of the Executive Board & CFO 4 May 2010
January March 2010 Conference Call Georg Denoke Member of the Executive Board & CFO 4 May 2010 Disclaimer This presentation contains forward-looking statements about Linde AG ( Linde ) and their respective
More informationAnnual General Meeting 14 November 2013
Annual General Meeting 14 November 2013 Disclaimer and additional information This presentation has been prepared by and concerns Calibre Group Limited (Calibre), and consists of these slides and any accompanying
More informationQube delivers revenue and earnings growth while completing strategic acquisitions for the future
23 August 2017 ASX Announcement Qube delivers revenue and earnings growth while completing strategic acquisitions for the future Both operating divisions up and Moorebank on track with Target Australia
More informationA S X A N N O U N C E M E N T
A S X A N N O U N C E M E N T DATE: 24 February 2016 Attached is the Presentation regarding Pact s Half year Financial Results for the half year ended 31 December 2015. The Presentation will occur at 10am
More informationHALF YEAR RESULTS FEBRUARY 2018
23 FEBRUARY 2018 HALF YEAR RESULTS FEBRUARY 2018 Macmahon Holdings Pty Ltd 1 OVERVIEW Positive 1H financial performance 1H17 revenue from operations of $270.0 million - up from $168.3 million in the pcp
More informationKier Group. Results for the year ended 30 June September Kier Group plc Full Year results for the year ended 30 June
Kier Group Results for the year ended 30 June 2018 20 September 2018 Kier Group plc Full Year results for the year ended 30 June 2018 1 Disclaimer No representation or warranty, express or implied, is
More informationHalf Year Results. For the 6 Months to 31 December Managing Director & CEO: Dr Paul Dalgleish. Chief Financial Officer: Mr Andrew Phipps
Half Year Results For the 6 Months to 31 December 2013 Managing Director & CEO: Dr Paul Dalgleish Chief Financial Officer: Mr Andrew Phipps 18 February 2014 1 Delivering Returns To Shareholders Revenue
More informationFor personal use only
To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 21 March 2013 From Helen Hardy Pages 7 Subject HALF YEAR REPORT TO SHAREHOLDERS In accordance with Listing Rule 3.17 please
More informationHighlights Delivering Returns To Shareholders RCR Businesses RCR s Acquisition of Norfolk (ASX: NFK) - Strategic Rationale - Overview Post Norfolk
RCR Investor Presentation ASX Hong Kong & Singapore Conference Managing Director & CEO: Dr Paul Dalgleish 14 May 2013 1 Agenda Highlights Delivering Returns To Shareholders RCR Businesses RCR s Acquisition
More information25 February The Manager Market Announcements Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000.
Level 1 157 Grenfell Street Adelaide SA 5000 GPO Box 2155 Adelaide SA 5001 Adelaide Brighton Ltd ACN 007 596 018 Telephone (08) 8223 8000 International +618 8223 8000 Facsimile (08) 8215 0030 www.adbri.com.au
More information2014/15 HALF-YEAR RESULTS
FOR ALL THE TRAINS IN THE WORLD 2014/15 HALF-YEAR RESULTS H1 2014/15 HIGHLIGHTS H1 2014/15 HIGHLIGHTS A good start of the year: EUR 1,694.5 m order book, +3.3% growth EUR 486.7 m revenues, +9.2% vs H1
More informationHALF YEAR RESULTS PRESENTATION
ASX Announcement 16 February 2016 HALF YEAR RESULTS PRESENTATION Attached is the presentation regarding the financial results of The Star Entertainment Group Limited (The Star Entertainment Group) for
More informationAUSTRALIAN INFRASTRUCTURE METRIC
AUSTRALIAN INFRASTRUCTURE METRIC September Quarter 217 The IPA/BIS Oxford Economics Australian Infrastructure Metric (the Metric) is the leading indicator of real investment in Australia s civil infrastructure.
More informationFor personal use only
MERMAID MARINE AUSTRALIA LIMITED 2013 HALF YEAR FINANCIAL REPORT MMA CONTINUES TO DELIVER STRONG EARNINGS GROWTH The Directors of Mermaid Marine Australia Ltd ( MMA ) (ASX: MRM) are pleased to announce
More information1H17 RESULTS PRESENTATION & STRATEGY UPDATE
Spotless Group Holdings Limited 1H17 RESULTS PRESENTATION & STRATEGY UPDATE PRESENTERS Martin Sheppard Chief Executive Officer & Managing Director Nigel Chadwick Chief Financial Officer IMPORTANT NOTICES
More information2008 Annual Results Briefing. 21 August 2008
2008 Annual Results Briefing 21 August 2008 Presentation Outline Group Performance Highlights Richard Goyder Home Improvement & Office Supplies John Gillam Coles Ian McLeod Resources Stewart Butel Other
More informationWatpac Limited. 30 June 2018 Full Year Results Presentation. 23 August 2018
Watpac Limited 30 June 2018 Full Year Results Presentation 23 August 2018 Full year group snapshot Capital Earnings Asset Values Work-in-hand Strategy Strong liquidity maintained Full repayment of equipment
More informationASG GROUP DELIVERS SOLID GROWTH ACROSS ALL KEY FINANCIAL INDICATORS
ASG GROUP LIMITED ASX ANNOUNCEMENT: H1 RESULTS RELEASE DATE: 28 TH FEBRUARY 2012 ASG GROUP DELIVERS SOLID GROWTH ACROSS ALL KEY FINANCIAL INDICATORS Financial Highlights: Revenue of $76.04 million, an
More informationFor personal use only
G8 Education Full Year Results Presentation Year Ended 31 December 2016 G8 Education Limited (ASX:GEM) 20 February 2017 Key Messages 2016 Revenue up 10.2% from prior year driven by fee increases and acquisitions
More informationFor personal use only
FY16 FULL YEAR RESULTS REVIEW Agenda GROUP RESULTS OVERVIEW BUSINESS UNIT REVIEW OUTLOOK Eastlands Shopping Centre BSA completed the mechanical services upgrade and extension to one 29/08/2016 BSA Limited
More informationPMP LIMITED INVESTOR PRESENTATION. Results for the 12 months ended 30 June August Peter George, CEO Geoff Stephenson, CFO
PMP LIMITED ABN 39 050 148 644 Results for the 12 months ended 30 June 2017 28 August 2017 Peter George, CEO Geoff Stephenson, CFO INVESTOR PRESENTATION 2017 FULL YEAR RESULTS Contents Pages Delivering
More informationAUGUST HALF YEAR RESULTS to 30 June 2018
AUGUST 2018 HALF YEAR RESULTS to 30 June 2018 Agenda Introduction John Morgan HY 2018 Financial & Operational Review Steve Crummett Strategy & Prospects John Morgan Highlights Strategic and operational
More informationLogiCamms Limited ABN
ABN 90 127 897 689 Interim Financial Report 31 December 2015 1 Contents Page Directors report 3 Lead auditor s independence declaration 5 Condensed consolidated statement of financial position 6 Condensed
More informationQ Earnings. April 20, 2016
Q2 2016 Earnings April 20, 2016 Forward-Looking Statements and Non-GAAP Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the U.S.
More information2017 Half-Year Results
2017 Half-Year Results Martin Earp, CEO Josée Lemoine, CFO 16 August 2017 Financials Pillars of Growth Summary of Performance H1 2017 Sales Revenue $218.2m 1.7% Demographics Deaths 1 2.8% Australia $44.1m
More informationBank of Queensland Full year results 31 August Bank of Queensland Limited ABN AFSL No
Bank of Queensland Full year results 31 August 2013 Bank of Queensland Limited ABN 32 009 656 740. AFSL No 244616. Agenda Result overview Stuart Grimshaw Managing Director and CEO Financial detail Anthony
More informationQ1 Financial Results
Q1 Financial Results June 19, 2014 Stuart Bradie President and Chief Executive Officer Brian Ferraioli EVP and Chief Financial Officer Zachary Nagle VP Investor Relations Forward Looking Statements Forward
More information