RCR Tomlinson Ltd‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌ HY17 Results and Company Update Investor Presentation

Managing Director & CEO | Dr Paul Dalgleish Chief Financial Officer | Mr Andrew Phipps 23 February 2017

Highlights

Order Book & Preferred Status

  • Current Order Book of $1.0B plus preferred contractor status of $0.8B, up 20%

  • Stronger backlog across all businesses

  • Continued large contract awards announced over last three months

Strategy & Markets

  • Sector diversification in transport, renewable energy and EPC resources

  • Focus on innovation and technology for cost competiveness

  • Commodity prices strengthening, leading to increased activity in pipeline

HY17 Results & Outlook

  • Revenue of $484M, up 20% from the previous six months1

  • EBIT $13.7M, up 74% from the previous six months

  • Profit after tax of $9.0M exceeded consensus estimates

  • Order Book and preferred expected to increase revenues in H2 FY17 and FY18

1 Previous six months represents H2 FY16 Continuing Operations

2

HY17 Financial Results Snapshot

Overview Revenue - $M EBIT - $M

  • Positioned for stronger earnings growth in H2 FY17 and into FY18

  • Order Book and preferred contractor status of $1.8B, up 20% from June 2016 and up more than 60% from December 2015

  • Newly won major projects and preferred contractor status expected to increase revenue and earnings

  • Revenue of $484M, up 20% from the previous six months, similar to PCP1

  • EBIT of $13.7M, up 74% from the previous six months,

    485.3

    405.3

    484.4

    20.4

    7.9

    13.7

    down 33% on PCP1

  • NPAT of $9.0M, exceeding consensus2 estimates

  • Gearing ratio of 17.6%

  1. Refer to Supplementary Information for Reconciliation of Statutory Earnings on slide 24

  2. Consensus - RCR is covered by four sell side analysts who have published reports since 25 August 2016, which provide forecast earnings for FY17. Two analysts have forecast first half NPAT of between $7.5M to

$8.5M with an average of $8.1M

H1 FY16 H2 FY16 H1 FY17

2.8%

4.2% 1.9%

Order Book

& Preferred

H1 FY16 H2 FY16 H1 FY17

$1.8B

3

Positioned for Growth

Chart 1: New Contract Wins Chart 2: Order Book and Preferred Chart 3: Preferred Status

$1.8B

$1.5B

$500M

$1.0B

$1.1B

$800M

Infrastructure

Energy

Resources

Sun Metals - Solar Farm

Red Stag Timber

Pilbara Minerals - Pilgangoora

Luggage Point STP

Matura Valley

FMG - Crushing Plant

Yaloak - BOP Wind Farm

Chandra (Indonesia)

Multiple Apron Feeders

Alstom - North West Rail

Package Boilers

Oil & Gas Fabrication

June 15 Dec 15 June 16 Dec 16

LEGEND:

Charts 1 & 3 - By Business Infrastructure

Energy Resources

Charts 1 & 3 - By Sector Oil & Gas

Rail & Transport Water

Property Services

Renewables Energy Minerals

Chart 2 Order Book

Water Business Acquisition Preferred Contractor Status

Secured $0.5B in new contract wins in the past few months

4

RCR Tomlinson Limited published this content on 23 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 February 2017 00:12:08 UTC.

Original documenthttp://www.rcrtom.com.au/index.php/investors-and-media/asx-announcements/doc_download/543-rcr-half-year-results-hy17-investor-presentation

Public permalinkhttp://www.publicnow.com/view/5E5E1B3362F9FF5A1C4B5481EECC8FAAD5A1041C