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WORLEY LIMITED Earnings Release 2014

Aug 17, 2015

66073_rns_2015-08-17_a558871a-5d95-4359-ad1d-8fed58a2c3cf.pdf

Earnings Release

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Level 12, 141 Walker Street North Sydney NSW 2060 Australia Telephone: +61 2 8923 6866 Facsimile: +61 2 8923 6877 worleyparsons.com WorleyParsons Limited ABN 17 096 090 158

18 August 2015

ASX Release

WORLEYPARSONS LIMITED

(ASX: WOR)

Restatement of Operating Segment Information Full Year ended 30 June 2014

On 9 April 2014, WorleyParsons announced that effective 1 July 2014 it would reorganize into three business lines: Services, Major Projects, and Improve , along with the establishment of a new Development Group.

The restated 30 June 2014 Customer Sector Group (CSG) segment results and margin have been reduced by the equivalent and offsetting reduction in previous global support costs that have been embedded into the business lines. Total segment revenue, underlying EBIT, EBIT margin on aggregated revenue for the Group, total underlying profit after income tax and profit after income tax expense per the Statement of Financial Performance remain unchanged.

The reported and restated 30 June 2014 operating segment information by CSG is outlined below.

Reported segment results Restated segment results
Hydrocarbons
Minerals,
Metals &
Chemicals
Infrastructure
Total
Hydrocarbons
Minerals,
Metals &
Chemicals
Infrastructure
Total
June
2014
$’M
June
2014
$’M
June
2014
$’M
June
2014
$’M
June
2014
$’M
June
2014
$’M
June
2014
$’M
June
2014
$’M
Revenue
Professional services revenue
4,255.1
1,042.4
869.3
6,166.8
Construction and fabrication revenue
888.7
-
-
888.7
Procurement revenue at margin
227.4
23.1
52.4
302.9
Other income
0.3
0.4
4.6
5.3
4,255.1
1,042.4
869.3
6,166.8
888.7
-
-
888.7
227.4
23.1
52.4
302.9
0.3
0.4
4.6
5.3
Total segment revenue
5,371.5
1,065.9
926.3
7,363.7
5,371.5
1,065.9
926.3
7,363.7
Segment result
627.3
131.2
64.0
822.5
Segment margin
11.7%
12.3%
6.9%
11.2%
Global support costs
(339.4)
Interest and tax for associates
(9.2)
Amortization of acquired intangible
assets
(21.7)
517.2
108.0
39.2
664.4
9.6%
10.1%
4.2%
9.0%
(181.3)
(9.2)
(21.7)
Total underlying EBIT
452.2
452.2
EBIT margin on aggregated
revenue for the Group
6.1%
6.1%
Net gain on revaluation of
investments previously accounted
for as equity accounted associates
11.4
Restructuring costs
(35.4)
Taxon restructuring costs
9.7
11.4
(35.4)
9.7
Net borrowingcosts
(59.6)
(59.6)
Income tax expense
(109.7)
(109.7)
Profit after income tax expense
per the Statement of Financial
Performance
268.6
268.6

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Level 12, 141 Walker Street North Sydney NSW 2060 Australia Telephone: +61 2 8923 6866 Facsimile: +61 2 8923 6877 worleyparsons.com WorleyParsons Limited ABN 17 096 090 158

The Group commenced reporting on the performance of its business lines to reflect the reorganization of the Group in addition to the CSG segments results in the 31 December 2014 interim financial statements. The restated 30 June 2014 operating segment information by business lines is outlined below.

Restated segment results
Major
Services Projects Improve Development Total
June June June June June
2014 2014 2014 2014 2014
$’M $’M $’M $’M $’M
Revenue
Professional services revenue 4,471.5 827.1 777.0 91.2 6,166.8
Construction and fabrication revenue 888.7 - - - 888.7
Procurement revenue at margin 252.7 35.8 8.6 5.8 302.9
Other income 5.3 - - - 5.3
Total segment revenue 5,618.2 862.9 785.6 97.0 7,363.7
Segment result 547.4 67.5 48.1 1.4 664.4
Segment margin 9.7% 7.8% 6.1% 1.4% 9.0%
Global support costs (181.3)
Interest and tax for associates (9.2)
Amortizationofacquiredintangible assets (21.7)
Total underlying EBIT 452.2
EBIT margin on aggregated revenue for the Group 6.1%
Net gain on revaluation of investments previously accounted for as equity accounted
associates 11.4
Restructuring costs (35.4)
Tax on restructuringcosts 9.7
Net borrowing costs (59.6)
Income taxexpense (109.7)
Profit after income tax expenseper the Statement of Financial Performance 268.6

For further information please contact:

Fran van Reyk Investor Relations & Group Communications Ph: +61 2 8456 7256 [email protected]

www.worleyparsons.com

About WorleyParsons: WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.

WorleyParsons is listed on the Australian Securities Exchange [ASX:WOR].