GCS ANNUAL REPORT 2014

Company Highlights
• GCS successfully completed the formwork and concrete
placement contract for the new Midland Health Campus and
QEII carpark projects.
• GCS awarded total of $19.4m formwork and concrete works
on Brookfield Place Tower 2 in Perth’s CBD.
• GCS commenced the principal scaffolding contract for
Woodside’s Northwest Shelf Project (all onshore and
offshore locations) for an initial three years with two further
extension options.
• GCS was chosen to undertake the installation of the façade
on the $1.2b Perth Children’s Hospital Project, currently being
constructed by John Holland and due for completion in 2015.
• GCS awarded $5m formwork and concrete works for the May
Holman Centre, establishing 15,000m 2 of prime office space
on St. Georges Terrace in the heart of Perth’s CBD.
• GCS appointed Kaefer’s exclusive supply chain partner for
the Ichthys Project in Darwin.
• GCS completes the supply of final 2,400 tonne of scaffold to
CKJV (CBI Kentz JV) for Chevron’s Gorgon project.
Financial Results
REVENUE ($m)
–
2014 $160.1m 20%
2014 $29.1m 39%
2013 $200.3m
EBIT ($m) –
2014 $17.1m 44%
2013 $30.4m
NET DEBT
TO EQUITY
2014 32%
2013 43%
* pp = percentage points
–
11pp *
EBITDA ($m) –
2013 $47.7m
NPAT ($m) –
2014 $8.2m 47%
2013 $15.3m
EPS (¢) –
2014 4.8¢ 51%
2013 9.7¢
GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014
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