Morgans Queensland Conference
2018 Full-Year Segments: Americas
AMERICAS EBITDA AND % MARGIN
A$ million
18
16
14
12
20
10
8 642
14%
12%
10%
8%
6%
4%
2%
0%
Cardno®
The Americas Engineering and Environmental division performance
continued to improve with EBITDA margin expanding from 1.6% to
4.8%. While this remains below industry averages the division is
building positive momentum.
> Gross Revenue in FY18 of $378.3m, this was 7.9% down on FY17.
> EBITDA margin was 4.8%, which while not where we would like it to be, represents a
substantial improvement on the 1.6% achieved in FY17.
>
Improvement in operating margin driven by a series of initiatives that reduced non client
facing management and labour, fringe (insurance, health), overhead and occupancy costs.
> Focus is on growing revenue and margin.
KEY WINS DURING THE YEAR INCLUDE:
> U.S. Marine Corps, asset management consulting services (BUILDER) at bases in Hawaii,
Japan, Okinawa and Korea.
> Southern California Edison - on-call support for electrical transmission and distribution
service lines.
> Phoenix Arizona Salt River Project / Subsurface Utility Engineering on call services.
H1-2017 H2-2017 H1-2018 H2-2018
Ebitda
%
21 Cardno: Morgans Queensland Conference
>
Florida Department of Transport I-75 and SR 50 Reconstruction.
>
Navy and Marine Corps IDIQ contract for NEPA.
>
US Air Force Reserve Command – support civil engineering and environmental planning
programs worldwide.View entire presentation