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MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2016
Nov 21, 2016
65357_rns_2016-11-21_8175b103-1c51-485d-aa59-5075e82d6e48.pdf
Capital/Financing Update
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22 November 2016
Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA
Dear Sir / Madam
RE: Monadelphous Contracts Update
Please find attached a copy of the announcement to be issued today by Monadelphous Group Limited regarding the award of additional work with a combined value of approximately $200 million.
Yours sincerely,
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Philip Trueman Company Secretary
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22 November 2016
ASX RELEASE
Monadelphous Contracts Update
Engineering company Monadelphous Group Limited (ASX:MND) (“Monadelphous” or “the Company”) today announced it has secured additional work across a broad range of industries, including two major awards in the water infrastructure market. The combined value of this work is approximately $200 million.
The Company has been awarded a contract for the design and construction of a major upgrade to Unitywater’s Kawana Sewage Treatment Plant, on the Sunshine Coast, Queensland. Monadelphous’ design solution incorporates innovative process technology that improves the effectiveness of the plant and reduces the size of the site’s physical footprint. The upgrade includes the installation of new concrete structures, pipework and mechanical and electrical equipment and the refurbishment of existing equipment. Work is scheduled for completion in December 2018.
In addition, Monadelphous’ existing Network and Facility Renewals Program contract with Sydney Water Corporation has been expanded to include the provision of mechanical, electrical and civil services for water and waste water treatment facilities, pumping stations, pipelines, reservoirs, chemical dosing facilities and odour control facilities. The appointment reinforces Monadelphous’ relationship with Sydney Water Corporation in the delivery of critical water and waste water infrastructure to the greater Sydney region. The contract which has been in operation since July 2013, continues until June 2018 and contains a two year extension option.
A number of contracts have recently been secured in the resources and energy sector including:
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A structural, mechanical and piping package associated with Newcrest’s gold processing plant at its Cadia Valley operations, in NSW,
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The supply and fabrication of wellhead skids for Santos as part of its upstream CSG development in Northern Queensland, and
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An order from Australia Pacific LNG, under an existing agreement, for the supply of additional wellhead skids.
The latest announcement takes the value of new contracts and additional work secured since June to approximately $400 million.
“The award of these contracts reflects our diverse service offering across both the infrastructure and resources and energy sectors,” Monadelphous Managing Director, Rob Velletri said. “The award of the two water contracts strengthens our position in this market and underlines our strategy to expand our presence in the growing Infrastructure market.”
Further Information
Analysts/Investors Dave Hurst Investor Relations T +61 8 9315 7312 M +61 405 839 350 [email protected]
Media
Ella McCarthy Marketing and Communications Lead T +61 8 6252 4624 M +61 477 318 678 [email protected]
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Monadelphous Group Limited (ASX: MND) is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. The Company has two operating divisions − Engineering Construction, providing large-scale multidisciplinary project management and construction services, and Maintenance and Industrial Services, specialising in the planning, management and execution of mechanical and electrical maintenance services, shutdowns, fixed plant maintenance services and sustaining capital works.
Monadelphous is headquartered in Perth, Western Australia, with a major office in Brisbane, Queensland, and projects, facilities and workshops across Australia and in New Zealand, China, Mongolia, Papua New Guinea and the United States. Please visit our website www.monadelphous.com.au for more information.