MONADELPHOUS GROUP LIMITED — AGM Information 2011

Nov 21, 2011

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2011 Annual General Meeting

22 November 2011

Safety and Wellbeing | Integrity | Achievement | Teamwork | Loyalty

1. Chairman’s Address

2. Managing Director’s Address

3. Items of Business

4. Other Business

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Board of Directors and CFO
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John Rubino Chairman

Rob Velletri Managing Director

Zoran Bebic CFO and Company Secretary

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Peter Dempsey (Lead) Non-Executive Director

Chris Michelmore Non-Executive Director

Irwin Tollman Non-Executive Director

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John Rubino (Chairman)

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Monadelphous Group Limited (ASX:MND) is an S&P/ASX 100 company that provides construction, maintenance and industrial services to the resources, energy and infrastructure sectors throughout Australasia throughout Australasia. Monadelphous has been included in the S&P/ASX 100 from November 3, 2011

Engineering Construction Division

Maintenance and Industrial Services Division

Infrastructure Division

At 30 June 2011

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Monadelphous 12‐month Share Price MND Monadelphous Performance (Rebased) S&P/ASX 200 (Source: Miraqle) S&P/ASX 200 Industrials Top 5 Shareholders Capital HSBC Nominees Australia 10.7% Shares on Issue 88.6m JP Morgan Australia 10.4% Market Capitalisation ~ $1.75b National Nominees Australia 6.1% Cash on Hand $172.5m JP Morgan Nominees Australia 4.3% Net Cash Position $129.5m Citicorp Nominees 2.7%

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Total Shareholder Return – Performance Against Peers
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Total Shareholder Return (TSR) comparison against peers, S&P/ASX 200 and S&P/ASX Industrials to 30 June 2011. Peers include: Clough, Downer, Leighton, Transfield and UGL (not in order). (Source: Thomson Reuters)

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• Sales revenue up 13% to $1,444m

• EBITDA up 18% to $153m, healthy margin improvement to 10.6%

• Operating cash flow $125m - strong cash conversion

• NPAT up 14% to $95.1m, EPS up 12% to 109c, DPS up 14% to 95c

• Growth achieved across all divisions

• Strong demand and significant scope growth on EC projects

• Awarded $650m of new contracts and contract extensions

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Strategic
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• Maintained leading position in core markets

• Strengthened position in LNG market – oil and gas revenue (33%)

• Solid expansion in infrastructure work – revenue (11%)

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Rob Velletri (Managing Director)

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	Financial Highlights FY11 FY10 Change Sales Revenue $m 1,443.9 1,275.4 +13.2% EBITDA $m 153.3 129.4 +18.5%
	EBITDA Margin % 10.6 10.1 +0.5pp Operating Cash Flow $m 125.2 96.0 +30.5% NPAT $m 95.1 83.2 +14.2% NPAT Margin % 6.6 6.5 +0.1pp EPS cps 108.8 96.9 +12.4%
	DPS (Fully Franked) cps 95.0 83.0 +14.5% Capital Expenditure (Cash + HP) $m 54.5 39.1 +39.4% Net Cash Position $m 129.5 116.6 +11.1%

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• Record sales revenue of $930m, up 10%

• Significant scope growth on existing major contracts

• Awarded $260m in new engineering construction contracts

• Strengthened LNG construction and commissioning capability

• Record sales revenue of $401m, up 7%

• Awarded $220m in new contracts and contract extensions

• Established new facility in Mackay to service the Bowen Basin

• Sales revenue of $158m in inaugural year, up 167%

• Secured $170m in new contracts

• Successful integration of KT Pipeline Services

• Acquired PearlStreet Energy Services in July 2011

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Engineering Construction - Woodside’s Pluto LNG Project
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FY12: $870m in new contracts awarded
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Engineering Construction  Woodside, Pluto Commissioning Support, Dampier, WA

• Rio Tinto, Kestrel Mine Extension, Emerald (3 contracts), Qld

• BMA, Construction Works, Bowen Basin, Qld

• Rio Tinto and Hancock, Hope Downs 4, Newman, WA

• Xstrata Coal Ulan West Project, NSW

• Rio Tinto, Coarse Ore Stock Pile, Cape

Maintenance and Industrial Services

 BMA, Dragline and Shovel

Shutdowns, (3-year contract), Bowen Basin, Qld

• BHPB, Worsley Alumina Minor Capital Works (3-year extension), Collie, WA

• ConocoPhillips Australia, Darwin LNG (2-year extension), NT

Infrastructure

 Toowoomba Regional Council Wastewater Infrastructure Projects, Transfield Services JV, Qld

• Unitywater, Cooroy and Woodford Sewage Treatment Plant Augmentation projects, Qld

• Clough Sea Trucks JV, DomGas Pipeline, WA

• Ok Tedi Mining, pipeline remediation, Tabubil, PNG

Lambert, WA

• Rio Tinto, Screenhouse, Cape Lambert, WA

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Highlights

• Employee numbers at record levels

• Skilled labour shortages becoming the major challenge

• Ramped up initiatives aimed at attraction, development and retention

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The Safe Way is the Only Way

• 71% improvement in LTIFR

• Continued implementation of Safety Leadership Program

• Roll out of the Safe Way is the Only Way policy message

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Markets and Growth

To maximise growth and returns from our core
markets of resources and energy

To build a substantial business in
infrastructure markets
People

To attract, develop and retain the right people
who are highly competent, live our values and
actively contribute to the long-term, overall
success of Monadelphous
Productivity

To continuously improve our service delivery
and support processes to realise cost
efficiency and margin improvement
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• Leading position in core markets 2011 Progress

• Strengthened position in oil and gas

• Mackay facility for coal market expansion

• Infrastructure sector growth

• Integration of PearlStreet Energy Services

• Increase in bonding facilities

• Opened MILC at UWA

• Commenced Emerging Leaders Program

• New recruitment website

• Launched Employee Benefits Program

• Finalised international labour agreement

• Indigenous employment strategy

 Initiated LEAN program

• Initiated LEAN program

• Increased overseas sourcing capacityEstablished internal group  Strengthened internal group assurance functionassurance function  Increased overseas sourcing capacity

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Australian Market Conditions
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(Source: BIS Schrapnel)

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• Unprecedented pipeline of opportunities across resources and energy markets

• Well positioned for growth in all markets

• Further development of infrastructure sectors – pipelines, water, power

• $870 million in new contracts secured in FY12 to date

• Strong demand and contract flow expected to deliver at least 15% revenue growth for FY12 H1 with healthy margins maintained. At this stage, similar revenue growth expected for the full year

• Continued focus on attraction, development and retention as competition for skilled labour accelerates

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Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in Monadelphous Group Limited or any other company. Due care and attention has been used in the preparation of forecast information, however, actual results may vary from forecast and any variation may be materially positive or negative.

Forecasts, by their very nature, are subject to uncertainty and contingencies may occur which are outside the control of Monadelphous Group Limited. Before making or varying any decision in relation to holding, purchasing or selling shares, securities or other instruments in Monadelphous Group Limited, investors should consider the appropriateness of that investment in light of their individual investment objectives and financial situation and should seek their own independent professional advice.

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Information for Investors/Analysts: Rachael Cutler, Investor Relations Manager Telephone: +61 (08) 9315 7429 Email: rcutler@monadel.com.au

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2011 Annual General Meeting

22 November 2011

Safety and Wellbeing | Integrity | Achievement | Teamwork | Loyalty