Looking forward
Public and private clients in CIMIC’s
markets are continuing to invest,
providing exciting opportunities for
CIMIC to contribute our civil, mining,
mechanical and electrical capabilities,
and our PPP, project and operational
experience.
Our financial strength is also an
advantage as we pursue new
opportunities and look to expand.
In closing, I would like to thank all of
our shareholders for your continued
support.
I look forward to updating you further
on our Company’s performance at
the Annual General Meeting on 13
April 2017.
Sincerely,
Marcelino Fernández Verdes
Executive Chairman
Shareholder returns
and dividends
Our strong performance in 2016, as
outlined by Adolfo on the following
page, has enabled the Board to
declare a 100% franked final dividend
of 62 cents per share to be paid on
4 July 2017. On a full year basis, total
2016 dividends were 110 cents per
share ($357 million in total), a 14.6%
increase compared with 2015.
Basic earnings per share was 176.6
cents, up 14.9% (relative to an 11.5%
increase in net profit after tax),
boosted by the benefits of the share
buy-back.
Our focus on shareholder returns
continued in 2016 and there was a
43.8% increase in CIMIC’s share price
during the year. Combining the share
price appreciation and dividends in
respect of the 2016 Financial Year,
CIMIC delivered a total shareholder
return of 48%.
On 28 December 2016, we concluded
an on-market share buy-back,
improving shareholder returns
and demonstrating our disciplined
approach to capital management.
On 12 December 2016, we announced
the commencement of a further on-
market share buy-back of up to 10%
of our fully paid ordinary shares over
12 months commencing from
29 December 2016.
Sustainability
For CIMIC, sustainability is the
integration of environmental,
social and governance factors into
our decision-making to maximise
long term shareholder value, and
contribute to safe and healthy
employees, communities and
ecosystems.
In 2016, our commitment to acting
sustainably was reinforced through
the launch of our Sustainability
Policy. This Policy sets out minimum
requirements for sustainability across
the Group. Amongst other things, the
Policy commits the Group to abiding
by the principles of the UN Global
Compact and we acknowledge
our role in contributing to the UN
Sustainable Development Goals. The
Sustainability Policy is available on
our website at
In 2016, CIMIC launched the new CIMIC Group Graduate Program.
The program
develops our future leaders, providing graduates with on-the-job training,
structured learning in their discipline and exposure to a global business. When
joining our Operating Companies, graduates benefit from a global program that
provides a structured learning plan over a two year period. They experience three
eight-month rotations with placements in various roles, projects or Operating
Companies within the Group. The success of the program led CIMIC Group to
be recognised as one of the GradConnection Top100 Most Popular Graduate
Employers for 2016 and to be rated by the Australian Association of Graduate
Employers as a Top 75 Graduate Employer for 2017.
