Western Australia and, in Hong Kong,
the Tseung Kwan O – Lam Tin Tunnel,
and a columbarium, to name just
a few.
In mining and mineral processing,
we diversified by geography and
commodity, expanding into oil
sands in Canada. We were also
awarded new coal mining work in
Indonesia, won multiple contracts
in Queensland’s Bowen Basin, and
secured a contract extension at a
diamond mine in Botswana.
Looking ahead, around $100 billion of
tenders, relevant to CIMIC, have been
identified for 2017 and there are in
the order of $250 billion of projects
coming to the market in 2018
and beyond.
This robust pipeline of infrastructure,
mining and services projects is
expected to deliver growth in the
medium and long term, and our
2017 guidance is to achieve net
profit after tax in the range of
$640 million to $700 million,
subject to market conditions.
Strategic acquisition of UGL
In October last year, we launched a
successful takeover offer for UGL,
a diversified services company.
We now own 100% of UGL and it is
currently being integrated as part
of CIMIC Group.
Including UGL amongst our
companies is a great opportunity
– both for CIMIC and UGL. UGL’s
competencies, in the rail, transport
and technology systems, power,
resources, water and defence
sectors are complementary to our
existing operations or enhance our
capabilities in new activities.
UGL has a strong brand and more
than 6,800 employees across
Australia, New Zealand and South
East Asia. We are already working
alongside UGL in consortia and
through subcontracts, confirming
our confidence in UGL.
We also recently announced an offer
to acquire the shares in Macmahon
that we do not already own through
an off-market takeover offer at a
price of $0.145 per share. We have
been an investor in Macmahon
since June 2007. We will keep the
market informed of our progress
with the offer.
Culture, people and safety
We have made significant changes to
put in place strong foundations for
our future, as demonstrated by our
recent project wins.
We are now working to build on
this by further solidifying a culture
of innovation, collaboration and
learning. By sharing and continuing
to build on the knowledge that
resides within our business, we are
in a better position to successfuly
deliver for our clients and provide
fulfilling careers for our people.
We are doing this in a number
of ways, small and large. CPB
Contractors and Leighton Asia are
working as one construction unit.
Both Pacific Partnerships and UGL
have successfully won work with
CPB Contractors. EIC Activities is
collaborating closely with all of our
Group companies and has launched
a Group-wide project knowledge
database. The complementary skill
sets of Thiess and Sedgman has
enabled them to deliver projects as a
team. Group-wide we have launched
a graduate program, a leadership
program, an internal communication
platform, and brought increased
focus to good physical and mental
health in our workplaces.
These are just a handful of examples
of the great work that is going on
across CIMIC Group.
1
Leighton Asia, Tseung Kwan O -
Lam Tin Tunnel, Hong Kong
2
Thiess,
Oyu Tolgoi copper and
gold project, Mongolia
3
CPB Contractors and Pacific
Partnerships, Canberra Light Rail
Stage One, Australian Capital
Territory, Australia
1
2
3
