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WDS Ltd, 2013 Annual Results

Energy Divisional Highlights

-  Significant organic growth
-  Presence with all CSG/LNG proponents
-  Long term relationship working for Santos in CSG since 2003
-  APLNG – largest ever contract won and successfully mobilised
-  Mechanical completion and handover of the “Water to Grade” component of the Gladstone LNG (GLNG) Upstream Project.
-  Improved delivery performance

Mining Divisional Highlights

-  Maintained profitability in a challenging market
-  Business right sized to current market conditions with delivery capability maintained
-  Maintained a presence across the majority of sites despite a number of contracts ending during the financial year:
Clients profitability still constrained;
Contract scope narrowed;
Activities now characterised by short cycle purchase order work impacting the order book;
Equipment utilisation reduced in the period.


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