Transfield Services FY2015 Full Year Results Investor Presentation
1. Transfield Services delivered on its guidance for FY2015 with revenue of $3.8 billion, underlying EBITDA of $265 million, and underlying NPAT of $72 million.
2. The balance sheet repair is well progressed with a leverage ratio of 1.8x within the target range and $102 million of free cash flow used to reduce net debt.
3. The strategy and operational model is delivering with margins improved to 7.0% and a pipeline of opportunities over $25 billion.
- The Chairman notes that 2015 presented tremendous challenges for Nigeria and the construction industry due to economic difficulties like low oil prices and a volatile business environment. This resulted in a slowdown of major public and private sector projects.
- To deal with these challenges, Julius Berger took proactive measures like reducing overhead costs, adjusting performance planning, and retrenching staff in order to remain viable during the economic downturn. The Group also increased its focus on third party business and suspended works on poorly paying sites.
- While the year was difficult, the Chairman expresses confidence that Julius Berger's experience and expertise will enable it to continue playing a leading role in Nigeria's development when economic conditions improve.
- Julius Berger Nigeria PLC held its 41st Annual General Meeting on July 7, 2011 to present the financial statements for the year ending December 31, 2010.
- The Company achieved increased turnover in 2010 despite economic challenges.
- The Chairman thanked employees for their efforts and commitment to the Company's success.
- He expressed confidence that the Company's performance will meet shareholder expectations and that Julius Berger is well positioned for the future.
The annual report summarizes Stanbic IBTC Holdings PLC's performance in 2015. It notes that 2015 was a challenging year globally and nationally, with declining commodity prices and economic uncertainties. Stanbic IBTC achieved gross earnings of N140 billion for 2015, up 7% from 2014, but net interest income fell 6% and profit after tax declined 45% to N18.9 billion, due to loan loss provisions and the difficult operating environment. The Chairman highlights that despite the challenges, Stanbic IBTC continues to receive various awards and will seek innovative ways to deliver value to stakeholders in the coming years.
1. The document is Julius Berger Nigeria PLC's annual report for 2013, which includes information on the company's financial performance, operations, and leadership.
2. Key highlights include total group turnover of ₦212.7 billion, profit before tax of ₦16.2 billion, and earnings per share of ₦6.72.
3. Julius Berger provides integrated construction and engineering services across various sectors such as infrastructure, buildings, industries, and facility management. It has over 18,000 employees and operations throughout Nigeria.
This document is the annual report of Zenith Bank PLC for the year ended 31 December 2015. It provides details such as the directors and other officers of the bank, operating results for 2015 which show a 7.2% increase in gross earnings and 4.9% increase in profit before tax. It also discusses dividends, directors' shareholdings, donations made, and the shareholding analysis of the bank.
- Julius Berger achieved a turnover of ₦169.41 billion in 2011, a 3% decrease from 2010, but retained profit increased, showing consolidation efforts improved efficiency.
- The company continued to receive recognition as a leader in the construction sector in Nigeria.
- While the company's project portfolio remained robust in 2011, there was a slowdown in public sector projects due to the presidential election and transition period. Increased security concerns also put pressure on potential client investment decisions.
- Despite challenges, Julius Berger was able to maintain consistent turnover and lower operational costs through diversification and effective risk management.
Here are the key highlights of the corporate governance practices at Guaranty Trust Bank:
- The Board of Directors is ultimately responsible for governance and accountable to shareholders for long-term sustainable value creation.
- The Bank complies with SEC and CBN corporate governance codes as well as FSA disclosure rules applicable to GDR-listed companies.
- Key Board committees established include Risk Management, Credit, HR & Nominations, Remuneration, IT Strategy, and Audit.
- The Board and management are focused on having the right skills and succession planning. New committees were formed for HR/nominations and remuneration functions.
- Internal reviews are conducted monthly on governance compliance and an annual Board evaluation is
The document summarizes Julius Berger Nigeria PLC's annual report for 2012. It highlights that the company achieved a 17.7% increase in performance in 2012 due to completing large infrastructure projects and being awarded new contracts. It also lists some of Julius Berger's notable completed, ongoing and newly awarded projects for 2012. The Chairman expresses that continued focus on strategies led to increased profitability and success for the company in 2012.
- The Chairman notes that 2015 presented tremendous challenges for Nigeria and the construction industry due to economic difficulties like low oil prices and a volatile business environment. This resulted in a slowdown of major public and private sector projects.
- To deal with these challenges, Julius Berger took proactive measures like reducing overhead costs, adjusting performance planning, and retrenching staff in order to remain viable during the economic downturn. The Group also increased its focus on third party business and suspended works on poorly paying sites.
- While the year was difficult, the Chairman expresses confidence that Julius Berger's experience and expertise will enable it to continue playing a leading role in Nigeria's development when economic conditions improve.
- Julius Berger Nigeria PLC held its 41st Annual General Meeting on July 7, 2011 to present the financial statements for the year ending December 31, 2010.
- The Company achieved increased turnover in 2010 despite economic challenges.
- The Chairman thanked employees for their efforts and commitment to the Company's success.
- He expressed confidence that the Company's performance will meet shareholder expectations and that Julius Berger is well positioned for the future.
The annual report summarizes Stanbic IBTC Holdings PLC's performance in 2015. It notes that 2015 was a challenging year globally and nationally, with declining commodity prices and economic uncertainties. Stanbic IBTC achieved gross earnings of N140 billion for 2015, up 7% from 2014, but net interest income fell 6% and profit after tax declined 45% to N18.9 billion, due to loan loss provisions and the difficult operating environment. The Chairman highlights that despite the challenges, Stanbic IBTC continues to receive various awards and will seek innovative ways to deliver value to stakeholders in the coming years.
1. The document is Julius Berger Nigeria PLC's annual report for 2013, which includes information on the company's financial performance, operations, and leadership.
2. Key highlights include total group turnover of ₦212.7 billion, profit before tax of ₦16.2 billion, and earnings per share of ₦6.72.
3. Julius Berger provides integrated construction and engineering services across various sectors such as infrastructure, buildings, industries, and facility management. It has over 18,000 employees and operations throughout Nigeria.
This document is the annual report of Zenith Bank PLC for the year ended 31 December 2015. It provides details such as the directors and other officers of the bank, operating results for 2015 which show a 7.2% increase in gross earnings and 4.9% increase in profit before tax. It also discusses dividends, directors' shareholdings, donations made, and the shareholding analysis of the bank.
- Julius Berger achieved a turnover of ₦169.41 billion in 2011, a 3% decrease from 2010, but retained profit increased, showing consolidation efforts improved efficiency.
- The company continued to receive recognition as a leader in the construction sector in Nigeria.
- While the company's project portfolio remained robust in 2011, there was a slowdown in public sector projects due to the presidential election and transition period. Increased security concerns also put pressure on potential client investment decisions.
- Despite challenges, Julius Berger was able to maintain consistent turnover and lower operational costs through diversification and effective risk management.
Here are the key highlights of the corporate governance practices at Guaranty Trust Bank:
- The Board of Directors is ultimately responsible for governance and accountable to shareholders for long-term sustainable value creation.
- The Bank complies with SEC and CBN corporate governance codes as well as FSA disclosure rules applicable to GDR-listed companies.
- Key Board committees established include Risk Management, Credit, HR & Nominations, Remuneration, IT Strategy, and Audit.
- The Board and management are focused on having the right skills and succession planning. New committees were formed for HR/nominations and remuneration functions.
- Internal reviews are conducted monthly on governance compliance and an annual Board evaluation is
The document summarizes Julius Berger Nigeria PLC's annual report for 2012. It highlights that the company achieved a 17.7% increase in performance in 2012 due to completing large infrastructure projects and being awarded new contracts. It also lists some of Julius Berger's notable completed, ongoing and newly awarded projects for 2012. The Chairman expresses that continued focus on strategies led to increased profitability and success for the company in 2012.
The document is the annual report of Stanbic IBTC Holdings PLC for the year ended 31 December 2016. It provides details on the company's directors, operating results, shareholding, donations and events after the reporting date. Specifically:
- Gross earnings increased 11.7% to N156.4 billion while profit before tax rose 56.3% to N37.2 billion.
- A final dividend of 5 kobo per share was recommended, consistent with the previous year.
- The largest shareholders were Stanbic Africa Holdings Limited with 53.2% and First Century International Limited with 7.47%.
- Donations and charitable gifts for the year totalled N121.7 million.
The Chairman discusses Julius Berger Nigeria PLC's strong financial performance in 2009, with a 32% increase in turnover and an 81% increase in profit before taxation compared to 2008. Some of the company's ongoing and newly awarded projects are highlighted. A final dividend of 200 kobo per share and a bonus dividend of 40 kobo per share are proposed.
Quanta provides investor presentations that include forward-looking statements and non-GAAP financial measures with required reconciliations. The presentation discusses Quanta's position as a leading specialty infrastructure solutions provider for the utility, energy and communications industries. It highlights Quanta's focus on sustainable growth, improving margins, expanding service offerings, developing skilled labor, and disciplined capital deployment to drive long-term value creation.
The document is the annual report and accounts of Zenith Bank PLC for 2006. Some key highlights:
- Zenith Bank achieved strong financial performance in 2006, with profit before tax of N15.2 billion and total assets plus contingents of N714.5 billion.
- The bank has over 180 business offices across Nigeria and continues to invest in people, technology, and innovation to provide excellent customer service.
- Zenith Bank aims to be a leading international financial services brand through superior customer service, performance, and creating value for stakeholders.
The document provides an overview of Zenith Bank PLC, a leading Nigerian bank. It summarizes Zenith Bank's financial performance over time, including growth in total assets, earnings, and shareholders' funds. It also notes the bank's consistent high ratings for financial strength and asset quality. The summary highlights Zenith Bank's strategy of focusing on superior customer service, developing deep client relationships, expanding operations, and maintaining its position as a leading Nigerian bank.
This document provides financial statements for Guaranty Trust Bank PLC for the year ended 31 December 2009. It includes the consolidated statement of financial position, consolidated statement of comprehensive income, consolidated statement of changes in equity, and consolidated statement of cash flows. The financial statements show the bank had total assets of NGN 1,078,177,585,000 and total equity of NGN 198,266,041,000 as of 31 December 2009. For the year, the bank reported a profit of NGN 28,603,078,000 and total comprehensive income of NGN 29,457,441,000.
1. Access Bank Plc released its annual report and accounts for 2013, providing an overview of its financial and operational achievements in the past year.
2. The report notes that while 2013 was a period of recalibration for the local banking sector due to new regulatory policies, Access Bank recorded a profit before tax of N44 billion and gross earnings of N207 billion.
3. The bank launched its mid-term strategy for 2013-2017, which aims to transform the bank culturally and operationally to better serve customers according to its brand promise of "Speed, Service and Security."
The annual report summarizes GTAssur's financial performance for 2010. Key points include:
- Gross premium income grew 40% to N7.52 billion while underwriting profit grew 50% to N1.59 billion.
- Profit before tax grew 25% to N1.47 billion despite a 57% decline in investment income due to low interest rates.
- The board has proposed a dividend of 9 kobo per share for 2010.
- The chairman thanked staff for their hard work in achieving results amid difficult market conditions.
This document provides an overview of Zenith Bank Plc, one of the largest and most profitable banks in Nigeria. Some key details include:
- Zenith Bank was established in 1990 and became a public limited company in 2004. It has over 400 branches nationwide and operations in the UK, Ghana, and Sierra Leone.
- The bank has seen strong financial growth in recent years, with assets increasing 87% to over N2 trillion and profit before tax up 90.6% to N48.9 billion for the period ending September 2008.
- Zenith Bank maintains high standards of corporate governance and service excellence, and has received numerous awards and ratings recognizing its strong performance and leadership in the Nigerian banking sector.
This document provides an overview of Zenith Bank Plc, one of the largest and most profitable banks in Nigeria. Some key points:
- Zenith Bank has over 350 branches nationwide and subsidiaries in Ghana, Gambia, Sierra Leone, and the UK.
- In 2009, the bank reported gross earnings of N277 billion and profit before tax of N35 billion.
- It has received numerous awards and ratings reflecting its strong performance and asset quality.
- The bank's strategy focuses on innovation, excellent customer service, and establishing a presence across Nigeria and internationally.
This document contains the consolidated and separate financial statements for Diamond Bank PLC and its subsidiaries for the year ended 31 December 2014, as prepared by the bank's directors. It includes key financial highlights, an overview of the bank's activities and subsidiaries, details on the directors and their shareholdings, and the auditor's report. The bank saw an increase in gross earnings but a decrease in pre-tax profit compared to the previous year.
The document is the annual financial report of the Telecommunications Regulatory Authority for the year ended 31 December 2007. It includes the balance sheet, income statement, statement of changes in equity, statement of cash flows, notes to the financial statements, and the independent auditor's report. The independent auditor issued an unqualified opinion but drew attention to a note regarding disputed fees of approximately RO 17 million that the Authority believes are fully recoverable but for which it has established a full provision.
- Guaranty Trust Bank's corporate governance framework is designed to create long-term sustainable value for stakeholders in a manner consistent with its principles.
- The board exercises oversight through six committees and plays a central role with management in ensuring financial strength, good governance, and risk mitigation.
- The board comprises fourteen members, including eight non-executive directors and six executive directors, who collectively bring independent judgment and a diversity of skills to board deliberations.
This document provides details on the directors, auditors, and financial statements of Zenith Bank PLC for the year ended 31 December 2012. It includes the directors' report which summarizes the bank's principal activities, operating results, directors' shareholdings, donations, human resources information and post balance sheet events. The operating results section notes that gross earnings increased 26% and profit before tax increased 51% compared to prior year. It also provides segment analysis, income and expense line items from the financial statements.
PINE reported positive results in the second quarter of 2013, with contributions from all business lines. The loan portfolio grew to R$9 billion while maintaining diversification and quality. Net interest margin was within guidance despite pressure from declining interest rates. Expenses were well managed, leading to an efficiency ratio of 38.1%. FICC maintained its leading position in commodity derivatives while PINE Investimentos consolidated its franchise in capital markets activities. Funding remained diversified across sources as asset and liability management preserved a positive credit-to-funding gap. The capital adequacy ratio reached 17%.
This document is the annual report of Access Bank Plc for 2012. It provides an overview of the bank's performance in key business areas including retail banking, commercial banking, institutional banking, financial markets, and transaction banking. It summarizes the bank's financial highlights for 2012 including a 53.6% increase in gross earnings to NGN208.3 billion and a 150.9% increase in profit after tax to NGN42.9 billion. The document also provides details on the bank's corporate strategy, leadership, responsibility, and financial performance.
This document summarizes the annual financial statements and report of Guaranty Trust Bank PLC for the year ended December 31, 2013. It provides key financial highlights such as a 9% increase in gross earnings to N242.7 billion and a 4% increase in profit after tax to N90.02 billion. It also lists the directors, officers, and professional advisers of the bank. The notice of the annual general meeting is provided, with details on proxy voting, dividend approval and payment, and the election of a new non-executive director. An introduction to the bank's corporate governance practices emphasizes its commitment to high standards of governance, value creation, and stakeholder responsibility.
This document summarizes the consolidated and separate financial statements of Zenith Bank PLC and its subsidiaries for the year ended December 31, 2013. It includes details such as the directors, auditors, index of financial statements, directors' report and key highlights. The directors' report notes that the group's gross earnings increased 14% and profit before tax increased 8%. It also discusses the group's principal activities, proposed dividends, and details the interests of directors in contracts with the bank.
1) Infosys Technologies reported financial results for the quarter ending September 30, 2009, with revenues of $1.154 billion, a 5.1% decline from the previous year. Net income was $317 million, a 0.9% decline.
2) For the quarter ending December 31, 2009, Infosys expects revenues between $1.155-1.165 billion, a 1.4-0.5% decline from the previous year, and earnings per share of $0.50, a 13.8% decline.
3) For the full fiscal year ending March 31, 2010, Infosys expects revenues between $4.60-4.62 billion, a 1
BI&P Banco reported its 4th quarter 2014 earnings. Key highlights include:
- Expanded credit portfolio totaled R$4.1 billion, up 3.6% in the quarter and 6.9% year-over-year.
- Funding totaled R$4.4 billion, increasing 4.8% in the quarter and 12.6% year-over-year.
- Income from services rendered and tariffs was R$14.0 million in 4Q14 and R$56.0 million in 2014, up 94.4% from 2013 mainly from investment banking revenues.
- Guide Investimentos, the bank's investment arm, had assets under management of R$
Quanta presented an investor presentation that included forward-looking statements and non-GAAP financial measures with certain risks and uncertainties. The presentation provided an overview of Quanta's business including key strategies to grow its base business, improve margins, expand service offerings, develop craft skilled labor, and deploy capital in a disciplined and value-creating manner. Quanta has demonstrated strong financial performance through this strategy with revenue and adjusted EBITDA growth.
1. The document reports on the operations and financial results of EnLink Midstream for February 2016. It highlights record adjusted EBITDA of $728 million for 2015 and distribution coverage ratios of around 1.0x and 1.2x.
2. EnLink Midstream executed on its strategy in 2015 by completing $4.5 billion in acquisitions, growth projects, and asset drop downs. This expanded its footprint in key resource plays like the STACK, Midland Basin, and Delaware Basin.
3. The company is well positioned for continued growth in 2016, with projections for increased gas processing volumes, crude/condensate volumes, and rigs operating on dedicated acreage compared to 2014 levels.
The document is the annual report of Stanbic IBTC Holdings PLC for the year ended 31 December 2016. It provides details on the company's directors, operating results, shareholding, donations and events after the reporting date. Specifically:
- Gross earnings increased 11.7% to N156.4 billion while profit before tax rose 56.3% to N37.2 billion.
- A final dividend of 5 kobo per share was recommended, consistent with the previous year.
- The largest shareholders were Stanbic Africa Holdings Limited with 53.2% and First Century International Limited with 7.47%.
- Donations and charitable gifts for the year totalled N121.7 million.
The Chairman discusses Julius Berger Nigeria PLC's strong financial performance in 2009, with a 32% increase in turnover and an 81% increase in profit before taxation compared to 2008. Some of the company's ongoing and newly awarded projects are highlighted. A final dividend of 200 kobo per share and a bonus dividend of 40 kobo per share are proposed.
Quanta provides investor presentations that include forward-looking statements and non-GAAP financial measures with required reconciliations. The presentation discusses Quanta's position as a leading specialty infrastructure solutions provider for the utility, energy and communications industries. It highlights Quanta's focus on sustainable growth, improving margins, expanding service offerings, developing skilled labor, and disciplined capital deployment to drive long-term value creation.
The document is the annual report and accounts of Zenith Bank PLC for 2006. Some key highlights:
- Zenith Bank achieved strong financial performance in 2006, with profit before tax of N15.2 billion and total assets plus contingents of N714.5 billion.
- The bank has over 180 business offices across Nigeria and continues to invest in people, technology, and innovation to provide excellent customer service.
- Zenith Bank aims to be a leading international financial services brand through superior customer service, performance, and creating value for stakeholders.
The document provides an overview of Zenith Bank PLC, a leading Nigerian bank. It summarizes Zenith Bank's financial performance over time, including growth in total assets, earnings, and shareholders' funds. It also notes the bank's consistent high ratings for financial strength and asset quality. The summary highlights Zenith Bank's strategy of focusing on superior customer service, developing deep client relationships, expanding operations, and maintaining its position as a leading Nigerian bank.
This document provides financial statements for Guaranty Trust Bank PLC for the year ended 31 December 2009. It includes the consolidated statement of financial position, consolidated statement of comprehensive income, consolidated statement of changes in equity, and consolidated statement of cash flows. The financial statements show the bank had total assets of NGN 1,078,177,585,000 and total equity of NGN 198,266,041,000 as of 31 December 2009. For the year, the bank reported a profit of NGN 28,603,078,000 and total comprehensive income of NGN 29,457,441,000.
1. Access Bank Plc released its annual report and accounts for 2013, providing an overview of its financial and operational achievements in the past year.
2. The report notes that while 2013 was a period of recalibration for the local banking sector due to new regulatory policies, Access Bank recorded a profit before tax of N44 billion and gross earnings of N207 billion.
3. The bank launched its mid-term strategy for 2013-2017, which aims to transform the bank culturally and operationally to better serve customers according to its brand promise of "Speed, Service and Security."
The annual report summarizes GTAssur's financial performance for 2010. Key points include:
- Gross premium income grew 40% to N7.52 billion while underwriting profit grew 50% to N1.59 billion.
- Profit before tax grew 25% to N1.47 billion despite a 57% decline in investment income due to low interest rates.
- The board has proposed a dividend of 9 kobo per share for 2010.
- The chairman thanked staff for their hard work in achieving results amid difficult market conditions.
This document provides an overview of Zenith Bank Plc, one of the largest and most profitable banks in Nigeria. Some key details include:
- Zenith Bank was established in 1990 and became a public limited company in 2004. It has over 400 branches nationwide and operations in the UK, Ghana, and Sierra Leone.
- The bank has seen strong financial growth in recent years, with assets increasing 87% to over N2 trillion and profit before tax up 90.6% to N48.9 billion for the period ending September 2008.
- Zenith Bank maintains high standards of corporate governance and service excellence, and has received numerous awards and ratings recognizing its strong performance and leadership in the Nigerian banking sector.
This document provides an overview of Zenith Bank Plc, one of the largest and most profitable banks in Nigeria. Some key points:
- Zenith Bank has over 350 branches nationwide and subsidiaries in Ghana, Gambia, Sierra Leone, and the UK.
- In 2009, the bank reported gross earnings of N277 billion and profit before tax of N35 billion.
- It has received numerous awards and ratings reflecting its strong performance and asset quality.
- The bank's strategy focuses on innovation, excellent customer service, and establishing a presence across Nigeria and internationally.
This document contains the consolidated and separate financial statements for Diamond Bank PLC and its subsidiaries for the year ended 31 December 2014, as prepared by the bank's directors. It includes key financial highlights, an overview of the bank's activities and subsidiaries, details on the directors and their shareholdings, and the auditor's report. The bank saw an increase in gross earnings but a decrease in pre-tax profit compared to the previous year.
The document is the annual financial report of the Telecommunications Regulatory Authority for the year ended 31 December 2007. It includes the balance sheet, income statement, statement of changes in equity, statement of cash flows, notes to the financial statements, and the independent auditor's report. The independent auditor issued an unqualified opinion but drew attention to a note regarding disputed fees of approximately RO 17 million that the Authority believes are fully recoverable but for which it has established a full provision.
- Guaranty Trust Bank's corporate governance framework is designed to create long-term sustainable value for stakeholders in a manner consistent with its principles.
- The board exercises oversight through six committees and plays a central role with management in ensuring financial strength, good governance, and risk mitigation.
- The board comprises fourteen members, including eight non-executive directors and six executive directors, who collectively bring independent judgment and a diversity of skills to board deliberations.
This document provides details on the directors, auditors, and financial statements of Zenith Bank PLC for the year ended 31 December 2012. It includes the directors' report which summarizes the bank's principal activities, operating results, directors' shareholdings, donations, human resources information and post balance sheet events. The operating results section notes that gross earnings increased 26% and profit before tax increased 51% compared to prior year. It also provides segment analysis, income and expense line items from the financial statements.
PINE reported positive results in the second quarter of 2013, with contributions from all business lines. The loan portfolio grew to R$9 billion while maintaining diversification and quality. Net interest margin was within guidance despite pressure from declining interest rates. Expenses were well managed, leading to an efficiency ratio of 38.1%. FICC maintained its leading position in commodity derivatives while PINE Investimentos consolidated its franchise in capital markets activities. Funding remained diversified across sources as asset and liability management preserved a positive credit-to-funding gap. The capital adequacy ratio reached 17%.
This document is the annual report of Access Bank Plc for 2012. It provides an overview of the bank's performance in key business areas including retail banking, commercial banking, institutional banking, financial markets, and transaction banking. It summarizes the bank's financial highlights for 2012 including a 53.6% increase in gross earnings to NGN208.3 billion and a 150.9% increase in profit after tax to NGN42.9 billion. The document also provides details on the bank's corporate strategy, leadership, responsibility, and financial performance.
This document summarizes the annual financial statements and report of Guaranty Trust Bank PLC for the year ended December 31, 2013. It provides key financial highlights such as a 9% increase in gross earnings to N242.7 billion and a 4% increase in profit after tax to N90.02 billion. It also lists the directors, officers, and professional advisers of the bank. The notice of the annual general meeting is provided, with details on proxy voting, dividend approval and payment, and the election of a new non-executive director. An introduction to the bank's corporate governance practices emphasizes its commitment to high standards of governance, value creation, and stakeholder responsibility.
This document summarizes the consolidated and separate financial statements of Zenith Bank PLC and its subsidiaries for the year ended December 31, 2013. It includes details such as the directors, auditors, index of financial statements, directors' report and key highlights. The directors' report notes that the group's gross earnings increased 14% and profit before tax increased 8%. It also discusses the group's principal activities, proposed dividends, and details the interests of directors in contracts with the bank.
1) Infosys Technologies reported financial results for the quarter ending September 30, 2009, with revenues of $1.154 billion, a 5.1% decline from the previous year. Net income was $317 million, a 0.9% decline.
2) For the quarter ending December 31, 2009, Infosys expects revenues between $1.155-1.165 billion, a 1.4-0.5% decline from the previous year, and earnings per share of $0.50, a 13.8% decline.
3) For the full fiscal year ending March 31, 2010, Infosys expects revenues between $4.60-4.62 billion, a 1
BI&P Banco reported its 4th quarter 2014 earnings. Key highlights include:
- Expanded credit portfolio totaled R$4.1 billion, up 3.6% in the quarter and 6.9% year-over-year.
- Funding totaled R$4.4 billion, increasing 4.8% in the quarter and 12.6% year-over-year.
- Income from services rendered and tariffs was R$14.0 million in 4Q14 and R$56.0 million in 2014, up 94.4% from 2013 mainly from investment banking revenues.
- Guide Investimentos, the bank's investment arm, had assets under management of R$
Quanta presented an investor presentation that included forward-looking statements and non-GAAP financial measures with certain risks and uncertainties. The presentation provided an overview of Quanta's business including key strategies to grow its base business, improve margins, expand service offerings, develop craft skilled labor, and deploy capital in a disciplined and value-creating manner. Quanta has demonstrated strong financial performance through this strategy with revenue and adjusted EBITDA growth.
1. The document reports on the operations and financial results of EnLink Midstream for February 2016. It highlights record adjusted EBITDA of $728 million for 2015 and distribution coverage ratios of around 1.0x and 1.2x.
2. EnLink Midstream executed on its strategy in 2015 by completing $4.5 billion in acquisitions, growth projects, and asset drop downs. This expanded its footprint in key resource plays like the STACK, Midland Basin, and Delaware Basin.
3. The company is well positioned for continued growth in 2016, with projections for increased gas processing volumes, crude/condensate volumes, and rigs operating on dedicated acreage compared to 2014 levels.
This presentation provides an overview of Quanta Services for investors and analysts. Key points include:
- Quanta is a leading specialty infrastructure solutions provider for the utility, energy and communications industries, with over 65% of revenues from regulated utilities.
- The company has a strong financial profile with 14% revenue CAGR and 15% adjusted EPS CAGR from 2010-2019 through economic cycles.
- Quanta is focused on long-term sustainability and corporate responsibility, including environmental stewardship, safety, community support, and governance.
Goldman Sachs US Financial Services Conference 2017 presentation outlines Evercore's goal of becoming the most elite and respected independent investment bank. It discusses Evercore's differentiated platform of integrated capabilities across M&A advisory, capital markets, and investment management. The presentation also notes current supportive market conditions and Evercore's strategic expansion diversifying its geographic footprint and industry expertise to drive continued growth.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q4 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
The document provides financial results and guidance for a company. It reported revenue of $94 million for Q4 2014, down from $121 million in Q3 2014. Adjusted EBITDA (a non-GAAP measure) was $13 million for Q4 2014, down from $26 million in Q3 2014. For 2015, the company expects revenue of $618-622 million for Q1 2015 and $2,930-2,950 million for the full fiscal year, and adjusted EBITDA of $152-154 million for Q1 2015 and $785 million for the full year.
Rahman Sayyed is seeking a position that allows him to utilize his professional and academic knowledge. He has 11 years of experience in finance, audits, and accounting. He holds qualifications including Certified Public Accountant and Chartered Accountant. His experience includes positions at MTN Afghanistan, Pakistan Telecommunication Authority, and National Transmission & Despatch Company, where he performed tasks such as financial reporting, budgeting, internal controls, and risk management.
Quanta provides an investor presentation that includes forward-looking statements and non-GAAP financial measures with necessary disclosures. The presentation discusses Quanta's position as a leading specialty infrastructure solutions provider for the utility, energy, and communications industries. It highlights Quanta's focus on safety, skilled labor, customer relationships, and financial growth through strategies like expanding service offerings and disciplined capital deployment.
This document summarizes Sprint's fiscal year 2015 results, highlighting key financial metrics and operational achievements. Some of the key points include:
- Sprint generated positive operating income for the first time in nine years, driven by consistent quarterly revenues and ongoing cost reductions.
- Postpaid phone net additions of over 1.2 million were the highest in three years and an improvement of nearly 2 million year-over-year.
- Sprint achieved its best-ever postpaid churn and postpaid phone churn for a fiscal year.
- Sprint has $11 billion in committed liquidity following successful financing transactions to fund devices and network improvements.
The quarterly PowerPoint slide deck sent to investors for 1Q16, from CONE Midstream. CONE is a joint venture between CONSOL Energy and Noble Energy with pipelines exclusively in the Marcellus/Utica region.
Quanta Services (PWR) Investor Deck May 18, 2020QuantaIR
Quanta provides an investor presentation that includes forward-looking statements and non-GAAP financial measures. The presentation discusses Quanta's position as a leading specialty infrastructure solutions provider in the utility, energy and communications industries. It highlights Quanta's focus on executing five key strategies to drive sustainable growth, including growing its base business, improving margins, expanding service offerings, developing craft skilled labor, and disciplined capital deployment.
Masonite presented its 2015 Fourth Quarter Earnings. Key highlights included:
- Housing starts in the US grew 10.8% in 2015 while single family starts rose 10.4%, however single family declines in Canada offset some gains.
- Masonite's financial results improved due to strategy execution, with gross profit growth of 32% and adjusted EBITDA growth of 49% in 2015.
- Initiatives focused on expanding product offerings and consideration, including most new products introduced in nine years and transitioning to Masonite branded doors at Lowe's.
TE Connectivity provides connectivity and sensor solutions across industries. It has a global presence with over 7,000 engineers, 5,800 salespeople, and manufacturing sites in over 150 countries. The company focuses on growing markets involving increased electronics in vehicles, more data availability, green energy, and automated production. It aims to strengthen its position through innovation, acquisitions, productivity improvements, and capital returns to shareholders. Key financial targets include adjusted operating margin over 15%, double-digit adjusted EPS growth, free cash flow near net income, and return on invested capital over 18%.
Sprint reported its fiscal 1Q15 results with the following highlights:
- Postpaid phone net losses improved for the third consecutive quarter and postpaid churn was the best ever.
- Network performance improved significantly with 180 RootScore awards in the first half of 2015 compared to 27 in the same period last year.
- Cost reduction efforts and operational efficiencies increased adjusted EBITDA 14% year-over-year despite a decline in operating revenues.
- Strong liquidity of $6.6 billion and no significant debt maturities until December 2016.
- Guidance for fiscal 2015 forecasts consolidated adjusted EBITDA between $7.2-7.6 billion and cash capex of approximately $5 billion
Transfield Services provides a wide range of essential services across industries like oil and gas, facilities management, defense, transportation, utilities and telecommunications. The company delivered strong financial results in 2015 with increased revenue, earnings and cash flow despite difficult market conditions. Transfield Services continues focusing on strengthening its balance sheet by prioritizing debt reduction and improving key financial metrics. Looking ahead, the company sees clear paths for growth through operational efficiencies, leveraging defense work, social outsourcing, and capitalizing on infrastructure projects.
(1) Newtek Business Services Corp. held an investor luncheon to discuss converting to a business development company (BDC) and raising capital through an equity offering.
(2) As a BDC, Newtek expects to pay an attractive initial dividend of $0.38 per share in Q1 2015 and an average quarterly dividend of $0.45 per share, representing a 13.1% annual yield based on the current stock price.
(3) Newtek raised $31.625 million through the sale of 2.53 million shares of common stock in a public offering to fund expansion of its small business financing activities and direct investments in portfolio companies.
20150215 broadspectrum investor presentationT Bone
Broadspectrum reported strong results for the first half of FY2016, with underlying EBITDA of $125 million and underlying NPAT of $28 million. The company has continued to strengthen its balance sheet, reducing net debt to $460 million and improving its leverage ratio to 1.7x. Recent contract wins post half-year, including an extension with the Department of Immigration and Border Protection, are expected to further improve Broadspectrum's financial position in FY2016 and beyond.
This document provides an overview of TE Connectivity from the company's presentation at the UBS Global Technology Conference in November 2015. It includes forward-looking statements and defines non-GAAP financial measures. TE Connectivity is a global leader in connectivity and sensors, with annual revenue of over $12 billion. The company benefits from growth megatrends of connectivity, electrification, and automation across multiple industries. TE Connectivity has achieved consistent growth and margin expansion through strategic acquisitions, a focus on harsh environments, and productivity initiatives. The company aims to continue delivering shareholder value through organic sales growth, earnings growth, strong cash flow generation, and returning capital to shareholders.
This document discusses Quintiles' third quarter 2014 earnings call. Some key points:
- Service revenue grew 13.8% and diluted adjusted earnings per share grew 22.6% compared to the third quarter of 2013.
- Net new business growth was 12.8% and the backlog was $10.75 billion.
- Guidance for full year 2014 expects service revenue growth between 9.2-10% and diluted adjusted EPS growth between 26.7-30.1%.
- Masonite reported 3Q16 net sales of $489.6 million, up 3% from 3Q15. Adjusted EBITDA increased 29% to $65.1 million.
- North American residential sales grew 11% due to strength in both retail and wholesale channels. Adjusted EBITDA margin expanded 210 bps.
- Europe sales declined 11% from foreign exchange impacts, but adjusted EBITDA grew 34% driven by portfolio optimization and higher average selling prices.
- Architectural sales grew 3% and adjusted EBITDA margin increased 110 bps from price increases.
- The company remains focused on operational efficiencies, new product innovation, and digital strategies to support long-term growth
Similar to 20151207 brs fy15_fullyearresultspresentation (20)
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Dive into this presentation and learn about the ways in which you can buy an engagement ring. This guide will help you choose the perfect engagement rings for women.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
1. Transfield Services
27 August 2015
Graeme Hunt – Managing Director and Chief Executive Officer
Vince Nicoletti – Chief Financial Officer
FY2015 Full Year Results Investor Presentation
2. Disclaimer and Important Information
This presentation is for information purposes only and is a summary only. It should be read in conjunction with the most recent financial report and the Operating and
Financial Review document. The content of this presentation is provided as at the date of this presentation (unless otherwise stated). Reliance should not be placed
on information or opinions contained in this presentation and, subject only to any legal obligation to do so, Transfield Services Limited (‘Transfield Services’) does
not accept any obligation to correct or update content.
This presentation does not, and does not purport to, contain all information necessary to an investment decision, is not intended as investment or financial advice
and must not be relied upon as such. Any decision to buy or sell securities or other products should be made only after seeking appropriate financial advice.
This presentation is of a general nature and does not take into consideration the investment objectives, financial situation or particular needs of any particular
investor.
Any investment decision should be made solely on the basis of your own enquiries. Before making an investment in Transfield Services, you should consider
whether such an investment is appropriate to your particular investment objectives, financial situation or needs.
To the maximum extent permitted by law, Transfield Services disclaims all liability (including, without limitation, any liability arising from fault, negligence or negligent
misstatement) for any loss arising from this presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with it.
All amounts are in Australian Dollars, unless otherwise stated. Certain statements in this presentation relate to the future, including forward looking statements
relating to Transfield Services’ financial position and strategy. These forward looking statements involve known and unknown risks, uncertainties, assumptions and
other important factors that could cause the actual results, performance or achievements of Transfield Services to be materially different from the future results,
performance or achievements expressed or implied by such statements.
Throughout this document non-IFRS financial measures are included to assist with understanding Transfield Services’ performance. The primary non-IFRS
information is proportionately consolidated financial information, Underlying EBITDA, Underlying EBIT, Underlying NPAT and statutory net profit after tax, pre-
amortisation and pre-impairment. Management believes proportionately consolidated information is a more accurate reflection of operational results due to the
materiality of joint venture arrangements in place. Proportionately consolidated results include Transfield Services’ share of joint venture revenues and earnings.
Management believes Underlying EBITDA, Underlying EBIT and Underlying NPAT are more appropriate indications of the on-going operational earnings of the
business and its segments because these measures do not include one-off significant items (both positive and negative) that relate to disposed or discontinued
operations or costs incurred to restructure the business in the current period. Management believes underlying NPAT pre-amortisation and pre-impairment to be an
appropriate measure of cash NPAT after adjusting for amortisation of acquired intangibles and non-cash impairment of assets. A reconciliation of non-IFRS to IFRS
information is included where these metrics are used. This document has not been subject to review or audit by Transfield Services’ external auditors. All
comparisons are to the previous corresponding period of FY2014 being the 12 months ended 30 June 2014, unless otherwise indicated. Certain figures provided in
this document have been rounded. In some cases, totals and percentages have been calculated from information that has not been rounded, hence some columns
in tables may not add exactly.
2
3. We are an essential services provider
We provide operational,
maintenance and project
management services to rail,
buses and ferries across
Australia. Our contracts
include Sydney’s Harbour City
Ferries for the NSW
Government in partnership
with Transdev, Light City
Buses and Brisbane Airport
Rail Link.
We provide shutdown
maintenance and drilling
services to various oil & gas
operators globally including
for Woodside and Caltex
We maintain coal seam gas
wells in QLD for QGC’s CSG to
LNG programme and Santos
utilising Easternwell’s well
servicing capability.
We operate across the
infrastructure sector which
includes telecommunications,
water and utilities. Key
contracts include National
Broadband Network in
Australia and the Ultrafast
Broadband Network in NZ and
long term contracts with
Sydney and Melbourne Water.
We provide garrison and
welfare services for the
Australian Government on
Nauru and Manus Island.
We operate and/or maintain
civil, mechanical, electrical
and tolling assets for the Hills
M2 Motorway and Lane Cove
Tunnel in Sydney, City Link
and East Link in Melbourne,
and Presidio Parkway in the
USA.
We provide estate
management and garrison
support services to the
Australian Department of
Defence on bases in VIC, SA,
Tas, WA and the NT. We also
provide emergency services
and maintain the national
stores for the Department of
Defence on every Australian
base.
We provide operations and
maintenance services to oil &
gas assets in the downstream
sectors in the USA for clients
such as Chevron, Exxon Mobil
and Valero.
We are an industry leader in
facilities management and
maintenance services. We
currently maintain in excess of
65,000 public housing assets
and maintain and clean 1,400
public schools in NSW for the
NSW Government.
We provide a range of
essential services across the
Health, Education and Social
sub sectors including Austin
Health (3 campuses across
Victoria) , Gold Coast
University Hospital and
Newcastle University.
We provide project
management expertise
through our wholly owned
subsidiary, APP, which is
project managing the delivery
of Dexus’ first residential
tower in Melbourne CBD and
recently managed the
refurbishment of Star City in
Sydney.
3
4. 4
2
1
3
4
Delivered on our guidance with strong underlying cash flows
Balance sheet repair well progressed
Strategy and operational model is embedded and delivering
Paths to future growth are clear
FY2015 snapshot
5. Delivered in FY2015
Revenue, Underlying EBITDA and ROCE continue 3 year positive trend
Underlying EBITDA margins improved from 5.8% in FY2014 to 7.0% in FY2015
Solid underlying cash conversion – $102m of free cash flow used to reduce net debt, with over $200m
of free cash flow utilised for debt reduction in the last 18 months
Balance sheet repair targets met – leverage ratio of 1.8x in the target range
Flat performance on key safety metrics – more work to be done to achieve continuous improvement
target
~ Portfolio rationalisation ongoing
Strong pipeline of opportunities of over $25bn, including $3.6bn of contracts either shortlisted or
preferred
Significant weighting of portfolio towards government contracts
1. Includes provisions absorbed relating to underperforming contracts; excludes non-recurring items such as restructuring costs, legal settlements and impairments. Please refer to page 34-35 of the Appendix for
reconciliations.
2. Statutory NPAT includes $36m in provisions and one-off items as well as $23m of non-recurring (legal settlements and redundancies) primarily as announced in H1 FY15.
Operating Revenue $3,797 million
Underlying EBITDA1 within guidance range $265 million
Underlying NPAT $72 million
Statutory NPAT2 $49 million
Underlying Operating Cash Conversion 113%
ROCE 13.7%
5
6. FY2015 safety performance
We are focussed on:
a behavioural-based safety
approach to drive down incidents
safety “walk-arounds” and leader-
led safety intervention
all events especially “high potential
events” and “near misses”
Root Cause Analysis (RCA) to
minimise safety incidents
workforce wellbeing, including
mental health and increased work
flexibility
Sector target TRIFR of <5.00
We are in line with the sector, however this is not the standard we set ourselves. There
is more work to be done. Zero Harm is our goal
Significant improvements in injury performance over the last 15 years will be
consolidated in 2016 through a focus on positive workplace health & safety
behaviours
1.3
5.5
6
7. 206
169
116
Net Working Capital
*
202
39
217
73
265
72
Underlying EBITDA Underlying NPAT
FY2013 FY2014 FY2015
2.7
43%
2.4
41%
1.8
37%
Leverage Ratio Gearing
FY2013 FY2014 FY2015
432
549 534
471
Net Debt
Positive momentum continues in FY2015
Strong operating cash performance
AUD$’m
Growth in Underlying EBITDA
Solid improvement in margins and returns Improvement in net debt, leverage ratio and gearing
FX impact
of $39m
3,667
3,728
3,797
Revenue
AUD$’m
108%
113%
Cash Conversion
FY2013 FY2014 FY2015
64%
5.5%
7.8%
5.8%
10.0%
7.0%
13.7%
Underlying EBITDA Margins ROCE
FY2013 FY2014 FY2015
7
131
234
299
Operating Cash Flow
* Excludes creditor holdback of $118m
*
*
*
AUD$’m
x
x
x
8. EBITDA breakdown
Increase in EBITDA margins in FY2015 influenced by:
Defence, Social and Property Sector was the largest driver
• Extension and expansion of the Department of Defence contract
• Full year impact of Department of Immigration and Border Protection regional processing contract on Manus Island
and Nauru
• Improved margins across most of the contracts in the Social sub-sector due to a focus on operational execution,
cost control and identifying and converting leveraged work opportunities
Low margin contracts ending in water, power and rail sub-sectors
Full year under revised operating model
EBITDA margins by half year FY2015 EBITDA by sector
4.2%
7.3%
5.9%
8.0%
H1 FY14 H2 FY14 H1 FY15 H2 FY15
FY2014 5.8%
FY2015 7.0%
Underlying EBITDA
as reported
% of
EBITDA
Infrastructure 48.2 15.8
Defence, Social & Property 256.0 84.1
Resources & Industrial 1 10.5 3.5
Americas (10.4) (3.4)
Total 304.3 100.0
Corporate (39.0)
Total 265.3
1. The Resources & Industrial Sector was influenced by rapid decline in energy markets and our “through the cycle” strategy with clients. 8
Refer to page 36 for results pre-provisions
9. 9
Positive ESG engagement
Solid governance platform and strong level of market transparency
Enhanced level of engagement with all stakeholders
Increased focus on communicating our ESG (Environmental, Social and Governance) platform
to all stakeholders
Incorporated a standalone Human Rights Principle into our Code of Business Conduct
(elements previously captured within other values)
Transfield Services has an Elevate Reconciliation Action Plan (RAP), one of only twelve
companies in Australia*
The Company is extremely proud of its work in local communities with a strong focus on local
employment and content
*Refer to Appendix slides 28 and 29 for further details.
10. From the CFO
Vincent Nicoletti
Chief Financial Officer
3 year positive trend on
revenue, Underlying
EBITDA, EBITDA margins
and ROCE
Balance sheet repair targets
met – leverage ratio of 1.8x
within target range of 1.5x-
2.0x
10
11. Guidance delivered
AUD$’m FY2014 FY2015 Movement
Statutory Operating Revenue 3,728.1 3,796.7 68.6
Infrastructure 1,099.5 1,061.6 (37.9)
Defence, Social and Property 1,201.7 1,556.1 354.4
Resources and Industrial 957.5 761.3 (196.2)
Americas 466.1 412.8 (53.3)
Corporate 3.3 4.8 1.5
Underlying EBITDA 216.7 265.3 48.6
Infrastructure 63.0 48.2 (14.8)
Defence, Social and Property 106.0 256.0 150.0
Resources & Industrial 67.0 10.5 (56.5)
Americas 6.0 (10.4) (16.4)
Corporate 1 (25.3) (39.0) (13.7)
Underlying EBIT 124.4 168.2 43.8
Underlying NPAT 72.6 71.9 (0.8)
Statutory NPAT2 52.8 48.6 (4.2)
1. Total overall corporate costs for FY15 are $39.0m, which include one-off items and provisions. On a like for like basis, corporate costs have remained flat year-on-year.
2. Statutory NPAT includes $36m in provisions and one off items as well as $23m of non-recurring (legal settlements & redundancies) as announced primarily in H1 FY2015.
11
12. Group metrics
Profit & loss FY2013 FY2014 FY2015
Change
FY14-FY15
Trend to
target
Longer term
target
Proportionately consolidated EBITDA margin1 5.2% 5.6% 6.7% +1.1%
Underlying EBITDA margin 5.5% 5.8% 7.0% +1.2% 7.5% +
Cash flows FY2013 FY2014 FY2015
Operating cash conversion2 64% 108% 113% +5.0% 100%
Balance sheet FY2013 FY2014 FY2015
Debtor days 51 days 49 days 41 days - 8 days 45 days
WIP days 21 days 17 days 13 days - 4 days 10 days
Net debt $542m $534m $471m - $63m
Total funding (creditors plus net debt) $1,220m $1,075m $983m - $92m
Ratios FY2013 FY2014 FY2015
Return on Capital Employed (ROCE) 7.8% 10.0% 13.7% +3.7% 15%
Gearing (net debt / (net debt + equity)) 43% 41.0% 36.8% - 4.2% 25 – 35%
Net debt to EBITDA3 2.7x 2.4x 1.8x - 0.6x <2.0x
1. Proportionately consolidated EBITDA margin = proportionately consolidated Underlying EBITDA post overhead allocations divided by proportionately consolidated operating
revenue.
2. Operating cash conversion = operating cash flow before interest and tax divided by Underlying EBITDA.
3. Net debt to EBITDA base on statutory balance sheet. 12
13. Defence, Social and Property
FY2015 Sector performance
Infrastructure
Increased activity in Telecommunications sub-sector as the NBN
and UFB roll-outs continue in Australia and New Zealand
Growth in the roads and rail sub-sectors with renewals and new
contract wins
Softness evident in the Utilities sub-sector
Underlying EBITDA includes $18m of contract related provisions
expensed during the year. Excluding these provisions, EBITDA
margin is 6.2%
FY16 Actions: Focus on privatisation opportunities and
increasing scale across the sub-sectors in which we operate, such
as power, water, roads and rail
Expanded Defence contracts with a base value of $1.6bn, and full
year of expanded DIBP contract on Manus Island and Nauru
Expanded scope on the NSW Housing contract
Renewal and expansions of contracts with Austin Health and Gold
Coast University Hospital
Underlying EBITDA margin of 16.5% includes $10m of prior period
accruals reversed in FY2015
FY16 Actions: Leverage existing footprint into growth markets
including health, aged care, justice and tertiary education
1,202
1,556
13
106
256
Revenue Underlying EBITDA EBITDA Margin
*
8.8%
16.5%
FY2014 FY2015
5.7%
4.5%
FY2014 FY2015
Revenue Underlying EBITDA EBITDA Margin
14. FY2015 Sector performance (cont’d)
Resources and Industrial
Deterioration in global commodity prices is impacting demand and
prompting deferral of discretionary expenditure in Oil and Gas,
Mining and Industrial sub-sectors into FY16
Reduced growth resulting from delays in the completion of large
LNG plants and their upstream facilities
Underlying EBITDA includes $3m of contract related provisions
expensed during the year. Excluding these provisions, EBITDA
margin is 1.7%
FY16 Actions: The Company will continue to refine its service
solutions to more readily adapt to the constrained environment
and is well positioned to win work as deferred projects come
online. Project delays in delivery of LNG projects in Queensland
and offshore provide opportunities going forward
Americas
Successful renegotiation of the terms of a number of
underperforming roads contracts
Favourable market conditions for the downstream business due to
strong demand for gasoline and finished products and high
refiners’ margins
Reduction in field capital expenditure and project works in the
upstream oil and gas Underlying EBITDA includes $18m of
contract related provisions expensed during the year. Excluding
these provisions, EBITDA margin is 1.9%
FY16 Actions: The US platform has been restructured and well
positioned to target growth opportunities in the downstream
energy sector and to bring our existing services lines to the
market. Pathway to 10% of Group EBITDA contribution over two
years now in place
14
Revenue Underlying EBITDA EBITDA Margin
7.0%
1.4%
FY2014 FY2015
1.3%
(2.5%)
FY2014 FY2015
Revenue Underlying EBITDA EBITDA Margin
15. A deeper look at the Energy market
Impact
Market conditions in Oil and Gas, Mining and Industrial sub-sectors remain challenging
Declining energy and commodity prices have continued to place pressure on our clients capital and operations
Greatest impact on upstream onshore Oil and Gas in Australia and Americas
How we responded?
Deliberate approach to retain volume and market share in order to maximise our position as the energy market
recovers
Focus on quality and cost effectiveness of our solutions, seeking to further eliminate costs and improve
productivity
Rationalisation of Easternwell (particularly in camp accommodation)
Execution of revised contracts with Santos to provide facilities management and construction services in the
Cooper and Eromanga Basins in central Australia
Focus on volume retention at Steier, our North American upstream business
Significant downsizing in FTS, our Canadian oil joint venture
Opportunities
Suite of large offshore LNG plants (and their associated facilities) in Western Australia, Northern Territory and
Queensland - pipeline is strong or firming - currently shortlisted on over $700m of energy related contracts
CSG – LNG facilities were impacted by project delays and are now entering production phase which creates
opportunities for Easternwell
US downstream Oil and Gas business less vulnerable to the deterioration in global oil prices. The FY2016 order
book is healthy, with a number of shutdowns already committed
15
16. 542 534
471
677
541
512
FY2013 FY2014 FY2015
Trade Payables Net Debt
Working capital discipline has improved
Trade debtor days Creditor days WIP days
Debtors ageing June 2015 Total funding
51 49
FY13 FY14 FY15
41
62
47
FY13 FY14 FY15
21
17
13
FY13 FY14 FY15
(trade debtors / operating revenue x 365) (creditors / operating expenditure x 365) (WIP / operating revenue x 365)
AUD$’m(excluding impaired debtors)
Debtor days continue to trend down Creditors days stable Better billing practices
Current (83.0%)
> 30 days overdue (12.6%)
> 60 days overdue (1.7%)
> 90 days overdue (1.9%)
> 120 days overdue (0.8%)
Over 95% of debtors are less than 60 days and less than 3% of
debtors are greater than 90 days Balance sheet health has been restored
1,220
1,075
983
49
16
17. Balance sheet health repaired
Net Debt1
Net Debt to EBITDA Return on Capital Employed (ROCE)
AUD$’m
(times)
FX impact of
$34m
FX impact of
$39m
2.86
2.26
2.95
2.49
2.23
1.80
H1 FY13 H2 FY13 H1 FY14 H2 FY14 H1 FY15 H2 FY15
6.6%
7.2%
4.0%
10.0% 10.0%
13.7%
H1 FY13 H2 FY13 H1 FY14 H2 FY14 H1 FY15 H2 FY15
Net Debt decreased by 19% YoY excluding FX revaluation
Net Debt to EBITDA ratio now within target Material improvement in ROCE compared to prior periods
The quality of the balance sheet has materially
improved over the course of FY2015
Net debt of $471m, decrease of $63m. FX impact
aside, net debt has been reduced by $102m
The high yield bond is fully hedged, therefore has no
FX impact on net debt
Included in the net debt amount is $39m in FX
revaluation relating to the USPP
Capex of $80m which is in line with requirements to
maintain the business
1. Refer to Appendix, slide 37 for further detail. 17
18. From the CEO
Graeme Hunt
Managing Director and Chief Executive Officer
Despite challenging macro
headwinds, we have met our
commitments to you
Operating model is
embedded and delivering
Strategy has underpinned
earnings performance in
FY2015
Solid pipeline of opportunities
Structured approach to
further cost improvements
Paths to future growth are
clear
18
19. The turnaround story continues
The Company’s operating model is now well embedded and delivering. With implementation now
complete, the Company’s focus into FY2016 will be on driving efficiencies, lowering the Group’s cost base
and targeting an increased “share of wallet” from existing customers
Balance sheet repaired, continued focus on cash conversion and return on capital employed
Refine portfolio with non-core divestments, ensuring the asset / contract base is true to the stated
strategy and embedded portfolio approach
Disciplined contract selection, through the ongoing adherence to the Gate Review Process
Completion of a new SAP platform implementation and standard global work practices
Enhanced focus on governance, risk management processes and business continuity planning
19
20. A diversified portfolio over time
FY2014A (Revenue)1
(Sector revenue / total TSE revenue)
FY2015A (Revenue)1
(Sector revenue / total TSE revenue)
Contracted Revenue +
Opportunities1
(Sector revenue / total TSE revenue)
Good contribution from new
Department of Immigration and
Border Protection (DIPB) contract
Telecommunications impacted by
deferral of NBN roll-out
Strong Property performance due to
major project delivery
Solid Oil and Gas contribution from
early project works prior to
operations
Americas impacted by legacy
contract issues in Roads business
Expanded national Defence contract
and full year of Immigration
contribution
Good contribution from
Telecommunications
Capital freezes and deferral of
maintenance spend impact
Infrastructure
Oil and Gas underweight due to
challenging macroeconomic
conditions
Americas impacted by lower
volumes in FTS JV and legacy
issues with Road contracts
Opportunities in the onshore and
offshore Oil and Gas sector as new
assets commence operations in WA,
QLD and NT
Significant tendering in Infrastructure
(PPPs, privatisations and asset
recycling)
Immigration reduces but Defence
and Commonwealth Government
outsourcing upside
Leverage existing footprint into
identified growth markets including
health, aged care, justice and tertiary
education
Americas recovery in volumes from
US upstream Oil and Gas and
growth in downstream market
Note: A = Actual result.
1. Excludes Corporate, Discontinued / Other Revenue
$3.7bn $3.8bn $25.9bn
Strong Utilities performance due to
state governments’ expenditure in
Water and Electrical Services
Strong mining and well servicing
performance in Easternwell, plus
conventional oil surface work
Defence and Infrastructure solid
contribution but low volumes in
outsourcing
Americas overhead reductions
FY2013A (Revenue)1
(Sector revenue / total TSE revenue)
$3.7bn
20
Resources and Industrial Defence, Social and Property Infrastructure Americas
21. 9.8
2.5 1.8 1.5 1.3
2.6
3.5
0.6
0.6
1.0
FY15 FY16 FY17 FY18 FY19 FY20+
Contracted Shortlisted or Preferred
0.7
0.6
Revenue split
FY2015 Revenue by Sector
% of total Group revenue
Contracted Revenue / WIH
$3.8bn $9.8bn
Ageing of contracted revenue Revenue breakdown at the start of a typical year
• $9.8bn contracted revenue to be realised in the
coming years
• c.60% of FY16 revenue locked in
• $3.6bn in shortlisted or preferred contract
opportunities in the pipeline
~$2.5bn
FY16
Growth typically 10-30%
of revenue
Leveraged work and
renewals, typically
~30% of revenue
WIH, typically 40-60% of
revenue
NB. This representation is indicative only, based on the historical composition of
revenue.
21
Contracted Revenue / WIH by client
As at 30 June 2015
$9.8bn
% of total contracted revenue as at 30 June 2015
AUD$’bn
Resources and Industrial Defence, Social and Property Infrastructure Americas
Government
Private Sector
22. Work In Hand
Shortlisted or
Preferred
Opportunities
Leads
Defence, Social & Property Infrastructure Resources & Industrial Americas
Future opportunities are evenly spread
• Solid contribution from Defence, Social and Property and Infrastructure
• Strong near to medium term outlook for the Telecommunications and Utilities sub-sectors
• New contract wins in the Road and Rail business
• Large number of opportunities in the Resources and Industrial Sector due to delays to projects during FY2015
$34.6bn
$12.5bn
$9.8bn
$3.6bn
Includes $1.3bn of contracts in which the
Company is considered preferred and $2.3bn
of other shortlisted opportunities awaiting a
decision
as at 30 June 2015
Note:
- Lead is a prospect that has been identified as being within TSE’s existing markets and capabilities.
- Opportunity is a Lead that has been approved for further development utilising Company resources which includes contracts in the EOI, RFI and Proposal drafting phases.
- The Shortlisted or preferred category includes the following phases of the tender process; RFP, Shortlisted and Preferred.
- Work In Hand is contracted revenue. 22
23. Key contract wins
Expanded nationwide Defence contracts in August 2014 with
a base value over $1.6 billion over six years
Easternwell awarded new contract with BHP Billiton Iron Ore
and signed a one year contract extension with QGC for two
rigs in Queensland
In the Americas, Codelco has been extended in Chile, with a
new US$43 million contract, supporting their operations for a
further four years
Group win rate of 46% by number of opportunities
Win rate by sector by revenue
Five year contract with NBN Co valued up to $140 million in the
first year and in excess of $700 million over the life of contract
Five year $88 million integrated facilities management and
property services contract with the University of Newcastle
Awarded three new roads contracts in NZ valued at NZ$112
million and signed a new three year NZ$78 million contract with
Transpower to maintain transmission lines and substations
FY15Contract
Highlights
Recentcontract
winsforFY16
Transfield Services’ has been advised preferred on three
major contracts worth over $1.3 billion
Shortlisted on an additional four major contracts worth $2.3
billion
Shortlistedand
Preferred
Transfield Services is awaiting decisions on over $2.3 billion of submissions and have been announced as
preferred on over $1.3 billion of contracts
61%
67%
20%
59%
Defence, Social &
Property
Infrastructure Resources &
Industrial
Americas
23
Win Rate based on
# of Opportunities (%) TSE Revenue (%)
Growth (New
Business)
31% 41%
Retention 81% 77%
Total 46% 49%
24. Productivity and
efficiency improvement
Productivity improvement
We are targeting $75m - $100m of business improvement benefits over the next two years
Focus areas
Labour productivity
Labour cost
Insourcing of subcontracted
work
Plant and Equipment
Operational discipline and
innovation
Focus areas
Billing management
Scope Management
Innovative delivery solutions
Execution efficiency across
service lines
Focus areas
Demand moderation
Demand aggregation
Price reduction
Compliance
Process and system
improvements
Procurement
Commercial model
renegotiation
Focus areas
From selling hours to selling
tasks
From selling tasks to selling
outcomes
Performance based incentives
Multi-services integration
Contract Margin Improvement (CMI) Procurement
Contract Labs
Contract Manager Boot
Camps
Procurement Workshops Centre-Led Initiatives
Commenced intensive
contract review led by
technical and commercial
experts
Improvement plans developed
to target specific contract-
level value drivers underway
Rapid development of
contract improvement plans
Targeted implementation
support
Business-led demand
management
Tactical purchasing
Streamlining systems and
processes
Strategic purchasing and
demand aggregation
Supplier rationalisation
24
$75m - $100m
p.a. benefit
25. …There is further work to be done
Margin
improvement
Contract margin improvement initiatives underway targeting a 200 basis
point contract margin improvement delivered over two years
Portfolio
rationalisation
Further refinement of portfolio through disciplined divestment of previously
stated non-core assets; RACL and Easternwell Minerals (to occur at the
optimal point in the cycle)
Rebrand Company rebrand expected to be announced prior to AGM
Improve safety
metrics
We are meeting sector best practice levels – however this is not the
standard we set ourselves. Intensify safety focus on lead indicators to
minimise injuries, with a key focus on leader led safety visits and
intervention initiatives
Focus on
sustainability
Disciplined approach to ESG risks and focus on a higher level of
transparency with all stakeholders
Grow book
Solid pipeline of opportunities with an emphasis on maintaining and
improving portfolio balance, diversity and resilience in accordance with the
identified areas for growth
25
26. Outlook
Challenging macroeconomic conditions are expected to continue into FY2016, with ongoing
headwinds in energy and commodity markets
The Company currently has $9.8bn in contracted revenue with $2.5bn to be delivered in FY2016. In
addition we have a healthy and firming pipeline with $3.6bn worth of contracts either shortlisted or
preferred
Continued growth in Defence, Social and Property and Infrastructure through new and existing
outsourcing and asset recycling programmes
Leverage capability and credibility of the Logistics & Facilities Management Service Line in
health, aged care, justice and education sectors (new and existing clients)
Well placed for Telecommunications and NBN packages due to our delivery efficiency
Oil and Gas expected to remain challenging in calendar year 2015. Medium term outlook
remains positive (LNG assets commence operations in Western Australia, Queensland and the
Northern Territory over the next 1-2 years)
American platform turned around, well positioned to target downstream Oil and Gas market
and take new services into the market, upstream business will continue to face macro
headwinds
Notwithstanding the challenging environment, the Company expects to maintain Underlying EBITDA
into FY2016
26
28. Community engagement FY2015 performance
Transfield Services’ community
engagement approach is well
structured and allows us to
deliver on both our social and
operational responsibilities.
Our community engagement
program is focused on:
1. Investing in local
economies
2. Strengthening community
relationships
3. Enabling Indigenous
participation
Support for more than
15 social enterprises
c.$300,000 contributed
annually through
donations and
sponsorships (excluding
in kind donations)
81 per cent of
employees live local to
operations
70 per cent of
procurement sourced
local to operations
67 per cent of sub-
contractors based local
to operations
28
29. Indigenous participation FY2015 performance
Our Indigenous Participation Program operates under a Global Indigenous Framework
Transfield Services has an Elevate Reconciliation Action Plan (RAP) and we are one of only twelve companies in Australia
that have an Elevate RAP
Currently our Indigenous
employment rate is 4.5 per cent
compared to the national
Indigenous employment rate of
1.7 per cent
62 per cent of contracts have
either a contractual or in kind
obligation to Indigenous
participation
Transfield Services has launched
its third RAP with an Indigenous
employment target of 6.5 per
cent
Transfield Services’ Indigenous Advisory Board was founded in March 2006 as one the key initiatives of the Indigenous
Participation Approach. The Advisory Board is comprised of six members of Australia’s Indigenous community and six
Transfield Services employees, including Managing Director and CEO, Graeme Hunt
29
31. 14%
28%
53%
5%
Contracted revenue composition
11%
36%
50%
3%
Cost Reimburseable / KPI Schedule of Rates Fixed Fee for Services Lump Sum (D&C)
• Proportion of fixed fee contracts increased to 53 per cent, largely driven by the increased proportion of
contracts in the Infrastructure and Defence, Social and Property Sectors within the portfolio which are
typically fixed fee contracts, together with the reduced influence of the Resources and Industrial Sector which
has historically been schedule of rates contracts
• The Company is comfortable with this contract mix given its rigorous focus on contract bid governance
processes
FY2014 FY2015
18%
40%
41%
1%
FY2013
31
32. Paths to future growth
Leveraged work in
Defence
• $50bn forecast spend over next 3 years on defence c.40%
of maintenance and related activities
• Construction expenditure expected to be in excess of $2bn
in FY16
• Further leverage expanded contract with
Department of Defence, targeting care and
welfare and construction work
• Target construction projects up to $50m
Catalysts to growth Focus areas
Social / Property
outsourcing
• Government may undertake further outsourcing and
privatisations to recycle capital and reduce costs, leading
to increased scope of outsourced services
• Transfield Services can leverage its position as a leader in
provision of outsourced Facilities Management and
Maintenance
• New service line ‘Care and Welfare’ has
been established, targeting contracts in
health, education, aged care and justice
NBN and UFB
rollout in Australia
and NZ
• Transfield Services is preferred suppliers to NBN Co,
currently delivering c.25% of NBN programme
• Roll-out of c.$46bn in optical fibre across Australia and
NZ
• By 2018/19 our share of contractor performed
maintenance work expected to reach 90%
• We are positioned for further work
opportunities based on our service delivery
to date
CSG - LNG
• Three QLD CSG to LNG projects expected to increase
gas supply 2-3 fold on the East Coast over the next 18
months
• Significant number of onshore and offshore LNG
projects coming on line in FY16
• Targeting offshore projects
• Focusing our bespoke service delivery
model for CSG-LNG plant and also
targeting work over activities
32
Growth Node
2
1
3
4
33. Paths to future growth (cont’d)
Privatisations,
PPPs and Asset
sales
• Flow of social infrastructure projects including new and
upgraded hospitals, schools and correctional facilities
• “Natural owners” will acquire large infrastructure assets
through privatisations – effective Operations and
Maintenance services will be critical
• Continued PPP momentum after being
awarded the Toowoomba second range
crossing contract
• Pursuing opportunities to support funds
which are targeting infrastructure
privatisations and recycling of capital
from private asset owners
Catalysts to growth Focus areas
US recovery
• US platform remediated
• Infrastructure PPPs online in FY2016
• US is now the largest oil and natural gas liquids producer
• The recovery of the US economy is likely to see
improvements in infrastructure opportunities, including
roads
• Target opportunities as Chevron and
Valero increase downstream volume
supply as well as new opportunities in
the Gulf of Mexico region
• Increase revenue from Roads business
in the US
• Take existing services into US
Operational
efficiencies
• Targeting a 200 basis point average contract margin
improvement, generating an additional c.$75m-$100m in
business improvement benefits over the next two years
• Cost out programmes delivered with
continued focus on efficiency (refer slide
24)
33
Growth Node
Transfield Services will continue to pursue growth in areas with non-discretionary, value-enhancing
services within stable growth sectors – a core plank of our strategy
6
5
7
34. Reconciliation of Underlying to Statutory
EBITDA Reconciliation FY2014 FY2015
Underlying EBITDA
216.7 265.3
Gain/loss on sale of asset
20.1
-
Impairment (pre-tax) - -
Restructuring costs
(22.6) (8.3)
Exit on Chilean construction contracts
(3.7)
-
Legal Settlement -
(15.0)
Statutory EBITDA
210.5 242.0
NPAT Reconciliation FY2014 FY2015
Underlying NPAT
72.6 71.8
Gain/loss on sale of asset
20.1
-
Legal Settlement -
(15.0)
Impairment (pre-tax) - -
Restructuring costs
(22.6) (8.3)
Exit on Chilean construction contracts
(3.7)
-
Discontinued Operations
(13.6)
-
Tax on non-recurring items - -
Statutory NPAT
52.8 48.6
34
AUD$’m
35. Underlying cash conversion
Operating cash conversion in FY15 has remained strong at 113%, compared with 108% in FY14 (adjusting
for normalisation of trade creditors)
Significant improvement in underlying operating cash flow
Reconciliation of EBITDA to Cash Conversion FY2014 FY2015
Underlying EBITDA
216.7 265.3
Plus reduction in debtors 7.9 66.0
Plus increase in WIP and inventories 28.7 26.8
Less decrease in trade and other payables (149.0) (35.7)
(Less)/Plus movements in other assets and liabilities 12.3 (23.9)
Operating Cash Flows before Interest and Tax 116.7 298.5
Operating Cash Conversion 54% 113%
Adjust for normalisation of trade creditors 117.5 -
Normalised Operating Cash Flow before Interest and Tax 234.2 298.5
Normalised Operating Cash Conversion 108% 113%
Reconciliation of Operating to Statutory Cash
Flow
FY2014 FY2015
Operating Cash Flow before Interest & Tax
116.7 298.5
Less: Net interest movement
(58.6) (72.1)
Less: Tax paid
(15.8) (14.8)
Less: Legal Settlement - (15.0)
Less: Restructuring costs (22.6) (8.3)
Less: Exit of Chilean Business (3.7) -
Plus/(Less) Other (6.5)
Statutory Cash Flow from Operations 9.5 188.3
35
AUD$’m
36. Impact of legacy provisions in FY2015
• No provisions taken on
contracts which
commenced post the
inception of the Gate
Review Process in
2013
• Legacy WIP provisions
relating to Enable, Light
City Buses, Parker
Point and Jacksonville
Road contract taken in
H1 FY15
• $6.5m1 of provisions
and one-off items in H2
FY15
Underlying results
(excl. one-off
items)
Contract Related
Provisions
Bad Debt
Share in JV asset
write-downs
Other one-offs Underlying results
Infrastructure 65.7 (17.5) - - - 48.2
Defence, Social & Property 245.7 - - - 10.3 256.0
Resources & Industrial 13.1 (1.0) - - (1.6) 10.5
Americas 7.8 (9.0) (2.6) (6.6) (10.4)
Group Corporate (31.0) (3.0) - - (5.0) (39.0)
Group EBITDA 301.3 (30.5) (2.6) (6.6) 3.7 265.3
Underlying EBITDA
(excl. one off items)
Underlying
EBITDA
1. $3.5m relate to Enable contract in NZ and $3.0m for risk and warranties in Group Corporate.
36
Underlying EBITDA
(excl. one off items)
Contract Related
Provisions
Bad Debt Share in JV asset
write-downs
Other one-offs Underlying EBITDA
301.3
265.3
(30.5)
(2.6) (6.6)
3.7
37. Net debt movement
• Net Debt down
$63m from 30
June 2014 due to
strong focus on
reducing net
working capital
• Excluding FX
revaluation, net
debt has fallen by
$102m in FY2015
37
634
534
(265)
(23)
72
15
76
23 432
39 471
Dec13
Jun14
EBITDA
Workingcapital
movemets
Financecosts
(net)
Incometax
NetInvesting
Activities
Otherandnon
recurring
Jun15preFX
revaluation
FXondebt
revaluation
Jun15
Net Debt Bridge: July to June 2015
AUD$'m
Over $200m reduction in 18 months
38. Debt maturity profile
Diversification of facilities across maturities and markets
As at 30 June 2015, A$581m of cash and committed undrawn facilities available
Note: shaded areas indicated undrawn but committed facilities.
38
65
130
241
348115
33
65
35
FY16 FY17 FY18 FY19 FY20
AUD$'m
US Private Placement Syndicated Bank Debt High Yield Bond Overdrafts Working Capital Facilities
39. Calibration of key line items – FY2016
Illustrative outline numbers…
Item Comment Indicative range FY16
Capex • Capex is expected to be within the following range $80 - $85 million
Interest • Interest is based on current year average debt (after allowing for
inclusion of long tenor US High Yield Bond) levels and fully loaded
costs (including establishment fees) and is expected to decline in
FY16 as debt levels reduce
• Australian debt maturity profile approx. 3.1 years
c.$70-$75 million
Taxation • Taxation is based on normal tax profile and recent business
performance
• Higher cash tax payment expected due to higher earnings relating to
the offshore processing facilities
ETR c.28%
Non-recurring items • Non-recurring items include redundancies from operating model
implementation and other one off items such as legal settlements
c.$10 million
Depreciation • Depreciation has increased due to implementation of Quantum c.$85-$90 million
(non-cash)
Amortisation • Amortisation covers realisation of benefit of prior acquisitions i.e.
goodwill and intangibles
c.$12 million
(non-cash)
FX movements • Relates to USPP and is a translation issue only. High yield bond – fully
hedged and swapped into AUD. c.$35 - $45 million based on volatility
and exchange rate at 30 June 2015 over a 12 month holding period
c.$35 - $45 million
(non-cash)
Note: Indicative figures only. 39