McConnell Dowell 2019 Annual Review

20 McConnell Dowell Group Active Projects — Swanson Dock East Berth Remediation &Wharf Rehabilitation Project — DPTI Public Transport Projects Alliance — Regional Bridges and the Lobethal Freight Route Upgrade — Jane St and Mulgoa Rd — PTPA City South Tramline Upgrade — WPA - Wyndham Vale Stabling Facility Stage 1a — WPA – Aviation Road LXRP — Mordialloc Bypass Early Works The revenue of the Australia operations decreased by 25% to AUD443.4 million (2018: AUD587 million) due to a lower Order Book at the beginning of the financial year and the completion of several large projects. Operating earnings were maintained as a result of strong project execution on the Chith Export Facility Jetty in Queensland, Northern Gas Pipeline in the Northern Territory, the Murray Basin Rail Upgrade, the Swanson Dock East rehabilitation works and the Abbotts Road level crossing removal in Victoria. Several commercial challenges and cost increases experienced on the Regional Bridges project in South Australia and Dryandra Road project are currently being addressed. As we await the outcome of several ECI awards, the Australian business unit are pursuing Order Book growth by increasing bidding activity and negotiation for additional works. These negotiations were made off the back of strong and sound performances on projects such as the long-termWestern Program Alliance and Swanson Dock in Melbourne. New awards include: a major works contract with alliance partners on the North-South corridor, Regency Road to Pym Street project in South Australia and early works on the Mordialloc freeway project for Major Roads Project Victoria. Australia Business Units