Morgans Queensland Conference

2018 Full-Year Segments: Construction Sciences CONSTRUCTION SCIENCES EBITDA AND % MARGIN A$ million 14% Cardno® Construction Sciences benefited from the ongoing delivery of existing contracts and new contract wins against the backdrop of a generally improving market, plus the inclusion of a small bolt-on acquisition in the FY18 year. > Gross Revenue in FY18 of $111.3m, up 26.2% on FY17 of $88.2m. 12% > 10% 18 16 14 12 10 8% 8 642 6% 4% > EBITDA margin was 10.3%, which is higher than the 7.0% margin achieved in FY17. The business closed out the year on slightly lower margins from H1 due to weather conditions and project mix. > Completed two small bolt-on acquisitions, focused on materials testing, one during the year and one early July 2018. KEY WINS DURING THE YEAR INCLUDE: > 2% WA Gold Road, Kalgoorlie > Mackay ring road H1-2017 H2-2017 H1-2018 H2-2018 Ebitda % 24 Cardno: Morgans Queensland Conference 0% > BAC parallel runway ЛЛ > > M1/M3 Gateway merge NorthConnex civil fitout

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