Working on Tomorrow Today ANNUAL REPORT 2011 Challenge | Collaboration | Ingenuity | Integrity All Financials Are in Australian Dollars Unless Otherwise Specified
TRANSFIELD SERVICES ANNUAL REPORT Working on tomorrow today ANNUAL REPORT 2011 Challenge | Collaboration | Ingenuity | Integrity All financials are in Australian dollars unless otherwise specified. The financial figures provided in the front section of the report (pages 1 to 38) have been rounded. In some cases, totals and percentages have been calculated from financial figures that have not been rounded, hence some financials and percentages may not add up exactly. Notice of Annual General Meeting Shareholders are advised that the 2012 Annual General Meeting of Transfield Services will be held on Thursday, 1 November at 10.00am (AEDST), at the AGL Theatre, Museum of Sydney, 37 Philip Street (Corner Bridge Street), Sydney, New South Wales. CONTENTS 004 Business snapshot 006 Financial highlights 008 Chairman’s report 010 Managing Director and CEO’s report 014 Board of Directors 016 Senior executive team 018 Review of operations 020 Australia and New Zealand 024 Americas 026 Middle East and Asia 028 Sustainable business 034 Corporate governance 039 Financial report 140 Index 141 Corporate directory 142 Office locations 2012 TRANSFIELD SERVICES 3 BUSINESS SNAPSHOT MIDDLE EAST AND ASIA • Hydrocarbons • Manufacturing • Power Generation • Facilities Management * • Minerals Processing • Process Industries Our global workforce of 24,000+ • Chemicals • Power FAST FACT Hofincons supports the employees provides operations, generation of power for more than maintenance and construction 33 million people in India per year. services in the Resources, Energy, 6,734 Contract highlights • The region secured more than $37 million in new Industrial, Infrastructure, contracts and $20 million in renewed contracts. • Transfield Mannai Facilities Management Services now provides an end-to-end offering for the provision of heating, ventilation, Property and Defence sectors.
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