For personal use only For personal use only 01. OUR BUSINESS WHAT WE DO 4 OUR VALUES 5 CONTENTS LOCATION OF FACILITIES 6 & PROJECTS YEAR IN REVIEW 8 FINANCIAL HIGHLIGHTS 10 EXECUTIVE CHAIRMAN’S STATEMENT 12 CHIEF EXECUTIVE OFFICER’S REPORT 14 02. OUR OPERATING SECTORS OIL & GAS 20 METALS & MINERALS 24 DEFENCE & INFRASTRUCTURE 28 03. OUR SUSTAINABILITY HEALTH, SAFETY, ENVIRONMENT & QUALITY 34 OUR PEOPLE 37 COMMUNITY ENGAGEMENT 40 SUSTAINABILITY 41 BOARD OF DIRECTORS 42 EXECUTIVE TEAM 43 04. FINANCIAL REPORT DIRECTORS’ STATEMENT 46 REPORT ON CORPORATE GOVERNANCE 53 CORPORATE REGISTRY 79 INDEPENDENT AUDITOR’S REPORT 80 CONSOLIDATED INCOME STATEMENT 89 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 90 STATEMENTS OF FINANCIAL POSITION 91 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 93 CONSOLIDATED STATEMENT OF CASH FLOWS 95 NOTES TO THE FINANCIAL STATEMENTS 97 STATISTICS OF For personal use only SHAREHOLDERS 166 NOTICE OF ANNUAL GENERAL MEETING 168 DISCLOSURE OF INFORMATION ON DIRECTORS SEEKING RE-ELECTION 189 PROXY FORM 193 CIVMEC ANNUAL REPORT 2020 1 For personal use only 01 OUR BUSINESS WHAT WE DO OUR VALUES LOCATION OF FACILITIES & PROJECTS YEAR IN REVIEW FINANCIAL HIGHLIGHTS EXECUTIVE CHAIRMAN’S STATEMENT CHIEF EXECUTIVE OFFICER’S REPORT For personal use only CIVMEC ANNUAL REPORT 2020 3 Civmec is an integrated, multi-disciplinary construction and engineering services provider to the Oil & Gas, Metals & Minerals and Defence & Infrastructure sectors. Established in 2009, we are one of Australia’s leading providers of turnkey solutions across a range of core capabilities. Our vast self-performance capability enables us to respond agilely to our clients’ needs and our commitment to innovation and technology enables us to work smarter, providing value- driven solutions. Focused on establishing long-term partnerships and working collaboratively with clients and delivery partners, we have played a significant role in the delivery of some of Australia’s most complex projects, including in remote, logistically challenging environments. With the experience and capacity to establish site facilities anywhere in Australia to meet project specific requirements, we have permanent presence in Henderson, Western Australia (which is our corporate office location), in Newcastle, New South Wales, and at Gladstone, Queensland. Our strategically located manufacturing facilities in Western Australia and New South Wales support our vertically integrated operating model. Our facility in Henderson is the largest heavy engineering facility of its kind in Australia. WHAT WE DO WHAT & OUR VALUES For personal use only 4 CIVMEC ANNUAL REPORT 2020 Situated just 30 kilometres south of Perth, the facility is located on 200,000m2 of land & OUR VALUES WE DO WHAT with direct waterfront access in the Australian Marine Complex (AMC) precinct. The AMC also offers a further 440,000m2 of Common User Facility (CUF) land and complementary facilities and equipment. With over 100,000m2 of usable undercover area, serviced by 52 overhead travelling cranes, our facility includes a 53,000m² (usable floor area) Assembly and Sustainment Hall and a 29,300m² heavy engineering workshop, complete with blast and paint facilities. Our Newcastle facility is our prime manufacturing facility servicing the east coast market, while also supporting our west coast operations at peak times. It is located on 227,000m2 of waterfront land, just 14 kilometres from the port of Newcastle. With direct access to the Hunter River and two ship basins, the facility offers 30,000m2 of undercover area serviced by 24 overhead travelling cranes, including a 15,000m2 heavy engineering workshop and 7,500m² precast/pre-stressed concrete facility. Our Gladstone facility is centrally located in a major hub of industrial activity in Queensland. This regional location allows us to house the essential equipment that we require to carry out our ongoing maintenance, shutdown and refractory activities for our resource sector clients in that region. A presence in this location allows us to mobilise rapidly to meet clients’ unplanned and planned maintenance activities. These world-class facilities, and our extensive construction equipment base, enable us to provide manufacturing, technical, administrative and logistical support to service projects of all sizes and complexities anywhere in Australia. OUR VALUES Our vision is to grow sustainably, delivering mutually beneficial outcomes for all stakeholders. Our culture, the way we think and operate, is underpinned by our values. COMMITMENT INNOVATION VALUE DRIVEN Our individual Our innovative approach Our performance commitment facilitates drives continuous driven culture our success improvement delivers value For personal use only MAKE A EXCELLENCE COLLABORATION DIFFERENCE Our pursuit of Our focus on Our ability to influence excellence makes us working together and challenge drives a world-class drives sustainable sustainability service provider partnerships CIVMEC ANNUAL REPORT 2020 5 Our comprehensive west coast and east coast facilities support our vertically integrated delivery model and drive efficiencies in our onsite activities. Key projects in delivery or completed during FY2020 include: PROJECT CLIENT LOCATION 1 Varanus Island Compression Project Santos Varanus Island, WA 2 Gorgon Stage Two Subsea Installation Project – TechnipFMC Henderson, WA Tie-In, Jumper Spools and Spreader Beams (for Chevron) 3 Gorgon Stage Two Subsea Installation Project – Allseas Henderson, WA Buckle Initiators (for Chevron) 4 Pluto LNG Project – Interconnector and Woodside Henderson, WA Stair Tower Modules (via EPCM Worley) 5 Kemerton Lithium Project Albemarle Kemerton, WA 6 Manufacturing of kilns for Kemerton Metso Henderson, WA Lithium Project 7 South Flank – rail mounted machines BHP and thyssenkrupp Henderson, WA and smart modules 8 Eliwana – Primary Crushing and Fortescue Pilbara, WA Ore Processing Facility 9 Roy Hill – ROM Packages Roy Hill Pilbara, WA & PROJECTS 10 Dumper tray bodies Numerous resource clients, Newcastle, NSW including Austin Engineering and DT Hiload 11 Alcoa Willowdale Mine - Alcoa Australia Willowdale, WA Larego Overland Conveyor Package 12 Multi-disciplined mechanical maintenance works, Queensland Alumina Limited Gladstone, QLD including minor shutdowns and fabrication 13 Multi-disciplined mechanical maintenance Rio Tinto Yarwun, QLD works to support major shutdowns 14 Variety of mechanical maintenance works Fortescue Pilbara, WA across numerous shutdowns 15 Variety of multi-disciplined mechanical and Roy Hill Port Hedland, WA electrical maintenance works across numerous shutdowns 16 Calciner maintenance, major overhaul Alcoa Australia Pinjarra, Wagerup and repair services and Kwinana, WA 17 Design, fabrication and construction of an CSBP Kwinana, WA ammonia nitrate storage tank 18 SEA 1180 Offshore Patrol Vessel Program Luerssen Australia Henderson, WA 19 Princes Highway Upgrade – Downer Seymour Whyte JV Newcastle, NSW LOCATION OF FACILITIES LOCATION Berry to Bomaderry For personal use only 20 Transport for NSW Bridge Projects Transport for NSW Newcastle, NSW 21 Bennett Brook Bridge Main Roads WA (Decmil) Henderson, WA OIL & GAS METALS & MINERALS DEFENCE & INFRASTRUCTURE 6 CIVMEC ANNUAL REPORT 2020 OPERATIONAL LOCATIONS AND OFFICES 2020 TOTAL VALUE OF PROJECTS IN DELIVERY D Singapore Registered Office A$1.9b 2020 Newcastle NSW REVENUE BY LOCATION NSW QLD WA NT 1 15 14 8 QLD 13 9 C Gladstone WA 12 SA 2020 REVENUE Perth 18 BY SECTOR A NSW 19 2 9 3 4 10 B Newcastle Oil & Gas 16 5 8 6 7 20 8 Defence & Infrastructure 21 11 17 Metals & Minerals VIC TAS For personal use only LOCATIONS A Perth B Newcastle C Gladstone Henderson WA D Singapore CIVMEC ANNUAL REPORT 2020 7 07 2019 Construction of our Assembly and Sustainment Hall at Henderson reaches new heights, with the placement of the 27 metre high bay structure which sits atop the expansive main roof. The addition of the 600 tonne structure, with a length of 130 metres and width of 40 metres, brings the height of the building up to an incredible 70 metres, equivalent to 18 storeys. 08 2019 Civmec’s Executive Chairman, James Fitzgerald and Chief Executive Officer, Patrick Tallon are selected as the Western Region winners of the Sustained Excellence Award in the 2019 EY Entrepreneur of the Year Awards. We take home the Earth Award for Excellence in Civil Construction (project value $30 million to $75 million) for the Matagarup Bridge Arches and Decks Fabrication, Painting and Transportation project. We are awarded the contract for full vertical delivery of the Primary Crushing and Ore Processing Facility for Fortescue’s new Eliwana Mine being constructed in the Pilbara region of 2019-2020 2019-2020 Western Australia. 09 2019 We welcome long-term employees David Power and Mylon Manusiu to the Executive Management team, in the roles of Executive General Manager, Manufacturing and Executive General Manager, Maintenance, respectively. 10 2019 We head to Varanus Island off the north- west coast, to complete the civil works and underground services for Santos’ Varanus YEAR IN REVIEW Island Compression Project. 11 2019 We shine at the 2019 Master Builders Apprentice of the Year Awards, with four of our talented young apprentices receiving nominations in their categories and securing several first place awards – congratulations to Joshua Corley, Samuel Campisi, Isiah Brown and Kienan Burditt for getting to the final stages. We are also honoured to receive the Skill Hire Host Trainer of the Year Award. For personal use