Morgans Queensland Conference

2018 Full-Year Segments: International Development ID EBITDA AND % MARGIN A$ million Cardno® International Development (ID) consolidated the growth in backlog and cost savings initiatives in a solid result. > Gross Revenue in FY18 of $313.6m, this was 5.0% down on FY17. 14% > EBITDA margin in FY18 of 2.0% reflects ongoing business discipline and is up on FY17 of 1.8%. 12% 18 16 14 12 > 10 8% 8642 10% 6% > Backlog continues to grow as we respond to various International Development tender processes (primarily in the northern hemisphere). A number of investments have been made that will affect margin in FY19 in this division to build the business sustainably in the medium term. KEY WINS DURING THE YEAR INCLUDE: > DFID Uganda Cities and Infrastructure - technical assistance to governments, municipal authorities and public agencies on private and public infrastructure investment. 4% > 2% > 0% > > DFAT Prospera - technical assistance and logistical support to institutional partners to foster strong, sustainable and inclusive economic growth. MCC Nepal - procurement and fiscal agent services for the implementation of the Millennium Challenge Corporation. EU Technical Assistance support for the High Value Crop and Horticulture Project - implement an effective value chain for production and sale of high value crops. FCO Prosperity Fund - primary supplier to the Foreign and Commonwealth Office in the UK. H1-2017 H2-2017 H1-2018 H2-2018 Ebitda % 26 Cardno: Morgans Queensland Conference

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