Morgans Queensland Conference
2018 Performance Overview
One of the most pleasing outcomes exiting FY18 is a very structured business with emerging momentum.
Each division reached different milestones over the year.
Key milestones in FY18 at a divisional level include:
Asia Pacific
Americas
> Restructure and alignment of operations within the two divisions to capitalise on collaboration and client opportunities
> Change out of leadership and certain Senior Management in APAC North to create stronger growth environment
> Completed a small bolt-on utility locating business in Sydney
> Significantly improved results and EBITDA margins exiting FY18
> Overhaul of the US benefits plan resulting in considerable ongoing cost savings
> Restructured reporting lines to create President Americas role to focus attention on several growth initiatives
> Implementation of consolidated project management and tracking tool across the division
International
Development
> Performance continues to improve with new contract wins and cost management
> Invested heavily to see step change in business into FY20/21
Construction
> Trialling new technologies to increase safety and efficiency
Sciences
PPI
> Completed two small bolt-on acquisitions, focused on materials testing, one during the year and one early July 2018
> Evolution into a Quality Assurance business yielding positive results
> Clean up of the division finalised leaving core business solid to focus on growth
> Business cashflow positive Q4 FY18
> Order book and general activity increasing as we exit FY18
> Continued scaling back of operations with the roll off of projects in Caminosca
LATAM
> Expansion of the Entrix environmental sciences business into Peru strengthening margins and results
10 Cardno: Morgans Queensland Conference
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