Half YearResults 2019

Andrew Wood, CEO

Disclaimer

The information in this presentation about the WorleyParsons Group and its activities is current as at 20 February 2019 and should be read in conjunction with theCompany's Appendix 4D and Interim Financial Report for the half year ended 31 December 2018. It is in summary form and is not necessarily complete. The financial information contained in the Interim Report for the half year ended 31 December 2018 has been reviewed, but not audited, by the Group's external auditors.

This presentation contains forward looking statements. These forward looking statements should not be relied upon as a representation or warranty, express or implied, as to future matters. Prospective financial information has been based on current expectations about future events and is, however, subject to risks, uncertainties, contingencies and assumptions that could cause actual results to differ materially from the expectations described in such prospective financialinformation. The WorleyParsons Group undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date of therelease of this presentation, subject to disclosure requirements applicable to the Group.

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This presentation may include non-IFRS financial information. The non-IFRS financial information is unaudited and has not been reviewed by the Group's externalauditors. Non-IFRS financial information should not be considered as an indication of or alternative to an IFRS measure of profitability, financial performance or liquidity.

2

HY2019 summary

Our strategy is delivering.

Interim dividend12.5cents per share

Improved financial performance

  • ▪Double digit revenue growth

  • ▪Improved EBIT and NPAT margins

Balance sheet de-risked

  • ▪New USD1.3b syndicated facility agreement

  • ▪Gearing 25.7%*, leverage 2.1x*

Backlog increased

  • ▪2ndconsecutive year of 10% increase

  • ▪Pace of ASX announced awards increased

Jacobs ECR acquisition on track

  • ▪Progress towards completion in late March/April

  • ▪Operational performance positive

* Excluding proceeds from capital raising

Refer to pages 16 & 17 for the Statutory Statement of Financial Performance and Reconciliation of statutory to underlying NPAT result

Overview

HY2019 achievements

Financial results

  • ▪Aggregated revenue growth, driven by construction services and UK IS acquisition

  • ▪EBIT and NPAT growth, with higher margins

  • ▪Completed $2.9b acquisition capital raising for Jacobs ECR acquisition

  • ▪New USD1.3b Syndicated Facility Agreement in place

  • Operating parametersOperational highlights

  • ▪Staff utilization remains on target

  • ▪Cost out program proving sustainable

  • ▪Delivered operating leverage

  • ▪Increased backlog

  • ▪H1 ASX announced awards highest in ten years

  • ▪UK IS acquisition integration complete. Revenue synergies flowing

  • ▪Preparation for day one of Jacobs ECR acquisition at an advanced stage

Aggregated revenue and underlying EBIT

Revenue and EBIT growth

  • ▪Revenue and EBIT growth from construction services and full period of UK Integrated Solutions business

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WorleyParsons Limited published this content on 20 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 February 2019 09:03:08 UTC