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Corporate Profile 3 Corporate Profile CORPORATE PROFILE 3 CORPORATE PROFILE 20183 THE ADDRESS BOULEVARD HOTEL, 2017 Dubai, U.A.E. 5 Growing. Evolving. Outperforming. Our business model is simple, we integrity and certainty of delivery is are a builder. For 55 years Multiplex now more important than ever. On time has been constructing iconic projects and on budget delivery is a given – we across the globe and has established aim to outperform and exceed our itself as a leading global contractor. client’s expectations. The significant Looking forward, our goal is to be the proportion of repeat business in our best builder, consistently outperforming, global workbook is testament to this. delivering projects in a safe, responsible It also speaks volumes to the quality and sustainable manner. We are well on of our people. Many of our employees our way to achieving this. have been part of the Multiplex team for decades. With over 6,600 people We recently returned to our iconic globally, clients benefit from our depth of heritage and the identity that has knowledge, expertise and our ability to maintained strong brand recognition in draw on shared experience and world’s our industry since the 1960’s – Multiplex. best practice. We are also refocusing our business to ensure that we are the best partner to Multiplex is proud of our business, our work with, the best contractor to work team, and the trusted relationships we for, all while continuing to operate out of have with our clients. We look forward a position of financial strength. to continuing to grow, evolve and outperform. These attributes have contributed to our past success, and we believe that in the current global environment, Ashley Muldoon Marcus Truscott CEO – Europe, Middle East & Canada Managing Director - Middle East Multiplex Multiplex 5 Who we are Recognising the exciting growth potential of the region, Multiplex was among the first international contracting businesses to establish offices in the Middle East during the late 1990s. We commenced operations with the construction of the office component of the iconic Emirates Towers in Dubai and are proud to have contributed to the growth of this dynamic city. In the ensuing 20 years, we have been responsible for the construction of some of the most challenging projects in the region, from this first project in Dubai to the W Hotel in Qatar and Eastern Mangroves in Abu Dhabi. Our focus on innovation and collaboration led us to become one of the first in the Middle East to offer our clients both design and build solutions. We are known as industry leaders in this field and are successfully able to take on responsibility for programme delivery from the earliest point possible. As a business Multiplex is committed to its employees, subcontractors and suppliers by treating everyone with dignity and respect, providing an ethical and safe working environment and recognising worker rights and benefits. We strive for a mature safety and sustainability culture. Our ultimate objective is to improve the social and environmental outcomes associated with the development, design, construction and operation of our projects/buildings; together with the wellness and safety of our employees, end-users and the community at large. THE GATE, 2004 THE GATE PRECINCT BUILDINGS 5 & 6, 2005 Dubai, U.A.E. 7 THE INDEX, 2010 Dubai, U.A.E. 7 EMIRATES TOWER - COMMERCIAL Dubai, U.A.E. 1999 THE TOWER Dubai, U.A.E. 2002 9 Our History Multiplex construction operations established in Perth, 1962 Australia 1978 Multiplex expanded into the eastern states of Australia Multiplex established operations in Southeast Asia and 1980’s expanded into Development activities 1987 Multiplex expanded into the ACT, Australia Multiplex expanded into South Australia and Queensland, 1989 Australia 1997 Multiplex established offices in the Middle East 1998 Multiplex Facilities Management business established 1999 Multiplex expanded into the United Kingdom Multiplex listed as a public company on the ASX 2003 Multiplex entered Abu Dhabi market 2005 Multiplex established in Qatar Brookfield Asset Management acquired Multiplex’s listed operations 2007 Multiplex Services and Multiplex Plant + Equipment launched in the Middle East 2010 Multiplex becomes Brookfield Multiplex Brookfield Multiplex Canada established 2011 Brookfield Multiplex India established 2012 50 year milestone Australasia 2016 Brookfield Multiplex rebrands as Multiplex 2017 20 year milestone Middle East 9 Global Construction Platform EST. 2011 CANADA 16 current projects Toronto 5 completed projects 100 employees With 6,600+ people globally, we have a mobile workforce that collaborates to share knowledge and apply world’s best practice across our projects. For example, our Innovation Awards encourage our project teams to think of creative ways to manage health and safety performance on our sites, and this knowledge is shared and applied on a global scale. In the area of quality assurance, a comprehensive peer review process ensures good governance and consistent behaviour across the business, and translates to certainty of outcome for clients. 11 4 CONTINENTS EUROPE EST. 1999 7 COUNTRIES London 28 current projects Glasgow 35 completed projects 6,600+ PEOPLE Edinburgh 1000 employees ONE TEAM EST. 2011 INDIA 4 current projects Mumbai Delhi 6 completed projects 35 employees MIDDLE EST. 1997 EAST 9 current projects Abu Dhabi 55 completed projects AUSTRALASIA EST. 1962 Dubai Sydney employees Doha 4,400 Perth 42 current projects Melbourne Brisbane 860 completed projects Adelaide Canberra 1,100 employees 11 Work To Date US$71 Billion COMMERCIAL RESIDENTIAL & TOURISM & LEISURE JUSTICE, PROJECTS: 278 AGED CARE PROJECTS: 121 EDUCATION & VALUE: $19.4 BN PROJECTS: 279 VALUE: $10.6 BN COMMUNITY VALUE: $16.8 BN PROJECTS: 70 VALUE: $3.8 BN Standard Chartered Tower The Index, Dubai, UAE Nikki Beach Hotel Resort & Qatar Academy Msheireb, Dubai, UAE Spa, Dubai, UAE Doha, Qatar ENGINEERING + HEALTH RETAIL STADIUMS INFRASTRUCTURE & PROJECTS: 54 PROJECTS: 134 PROJECTS: 15 INDUSTRIAL VALUE: $6.2 BN VALUE: $6.9 BN VALUE: $3.1 BN PROJECTS: 77 VALUE: $4 BN Imperial College of London Al Maryah Central, Wembley Stadium, London, Perth Desalination Plant, Diabetes Centre, Phase 2, Abu Dhabi, UAE United Kingdom Western Australia Al Ain, UAE * Work to Date includes both work under construction and completed projects (CPI indexed based on completion date). 13 Financial Strength US$4.4 Billion Revenue US$3 Billion Assets US$13.6 Billion Workbook 1 107 Current Projects 921 Completed Projects US$13.6 BILLION WORKBOOK BY SECTOR Health $650M Stadium $700M Commercial $4.5BN Justice, Education & Community $600M Tourism & Leisure $2BN Residential & Aged Care $4BN Retail $1.1BN MULTIPLEX REVENUE 2013 - 2016 (US$BN) 5000 $4.4BN $3.8BN $3.3BN $2.7BN 2013 Actual 2014 Actual 2015 Actual 2016 Actual Notes: 1. Workbook is the total value of work under secured contracts as at 31 Dec 2016 2. Workbook includes assumed Contract value on Construction Management projects 3. Values in US$ based on Dec 2016 FOREX conversion rates across regions 13 Design & BUILD APPROACH OUR CLIENTS ARE PART OF OUR TEAM – WE SHARE KNOWLEDGE, INSIGHTS AND IDEAS. Design and Build Construction brings extensive levels of quality and most importantly a single point benefits to the vision and development of of responsibility during the complete project duration construction projects. As a core function of the when compared to a traditional Build only model. Multiplex business model, we pride ourselves on Furthermore, Clients’ projects can benefit from up our extensive and continually evolving Design and to 7 months earlier commencement and completion Build delivery model which incorporates Design and through our Design and Build delivery model when Build experienced Consultants, Subcontractors compared to a traditional Build Only procurement and associated teams within a single collaborative route. project unit. These intrinsic single unit Design and Build teams, The integration of Design Consultants, with the support and collaboration of our .our Subcontractors and Main Contractor at Concept Clients’ forms a joint partnership to produce iconic and Schematic Design stages of the project design and prestigious projects. Examples of these include: cycle, ensures through the Design and Build model, IRENA Headquarters and Neighbourhood One our Clients projects reap the rewards of current Residences within Masdar City Abu Dhabi, The construction methodologies and techniques along Index Dubai, Parsons Headquarters Abu Dhabi, with the latest Authority requirements incorporated Marina Promenade, The Residences Dubai and the within programmes, design packages and project W Hotel Doha. deliverables. Multiplex takes great pride in these projects as The true value of Design and Build is encapsulated do our Clients’ who have benefited from this within the primary ethos of greater transparency, collaborative Design and Build approach, and collaboration and communication. These core whose projects now stand as leading industry pillars of Multiplex’s Design and Build model ensures benchmarks in terms of times of completion, budget our Clients and their projects benefit not only in achievement and superior levels of quality. terms of cost and time savings, but also in greater 15 Comparison of early Start Design & Build Contract compared to Traditional Main Contractor Procurement Model EARLY START DESIGN & BUILD PROGRAMME M1 M2 M3 M4 M5 M6 M7 M8 M9 M10M11 M12M13 M14M15 M16M17 M18M19 M20 On-going STAGE 1: PRE-CONSTRUCTION Client engages
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