Full Year 2024 Monadelphous Group Ltd Earnings Call Transcript
Key Points
- Monadelphous Group Ltd (MOPHY) recorded a revenue of $2.03 billion for the year, an 11% increase from the previous year.
- The Maintenance and Industrial Services division achieved a record annual revenue of $1.32 billion.
- Earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 16.8% to $127.4 million.
- Net profit after tax rose by 16.2% to $62.2 million, delivering earnings per share of $0.641.
- The company ended the year with a healthy cash balance of $225.9 million and a cash flow conversion rate of 169%.
- The termination of the Albemarle contracts resulted in a reduction of $200 million in secured contract figures.
- The company faces ongoing challenges with labor availability, which has only slightly moderated.
- Price volatility in certain commodities, particularly nickel and lithium, has led to reduced production and deferred capital spend.
- The renewable energy sector faces challenges such as network constraints, delayed planning approvals, and supply chain pressures.
- The company does not expect significant margin tailwinds despite recent contract wins.
Good day, and thank you for standing by. Welcome to the Monadelphous 2024 Full Year Results Presentation. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Kristy Glasgow, Company Secretary. Please go ahead.
Hello, and welcome to the Monadelphous 2024 Full Year Results Investor and Analyst Briefing. I'd like to begin by acknowledging the traditional owners of the lands on which we are joining you from today in [Booralloo Kerr], the Whadjuk people of the Noongar nation and the traditional owners of country and pay respect to elders, past, present and emerging, and extend that respect to all First Nations' people. Presenting from Perth are Monadelphous's Managing Director, Zoran Bebic; and Chief Financial Officer, Phil Trueman, who are joined in the room by our Chair, Rob Velletri.
iThroughout this presentation, the speakers will guide you on when to click through to the next slide. The structure of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
