McConnell Dowell 2019 Annual Review

24 McConnell Dowell Group South East Asia Active Projects — Marina Bay Sands Retail Store Conversion, Sinagapore — CRISP VTB Subsea Pipeline, Singapore — Neste Underpass Phase 1 Engineering Design, Sinagapore — RAPID Project 12B - Solid Products Jetty, Malaysia — Tangguh Export Facility, Indonesia — Nakhon Ratchasima Pipeline Extension (Korat), Thailand The South East Asia Business Unit experienced a 20% decline in revenue to AUD210.5 million as many key projects were completed including the Tuas Road Bridges and Marina Bay Sands in Singapore and the Rapid Solid Product Jetty in Malaysia. These projects were well executed, however the delays on the Tangguh LNG Export facility have impacted the result. The business unit has experienced challenges securing additional work in highly competitive market. Experiencing the pressures of the current climate, management is making changes to strengthen the Order Book and to restore focus on opportunities in specialist capabilities across Singapore, Malaysia, Thailand and the Philippines. Business Units