www.worleyparsons.com

Business Summary

Hydrocarbons

Business Summary WorleyParsons seeks to deliver outstanding value to hydrocarbons customers, providing a complete suite of solutions, extending from conceptual studies through mega-project execution and to ongoing asset management and enhancement programs across the full spectrum of upstream and downstream facilities.

Performance Overview The company continued to strengthen existing and build new customer relationships, with a focus on global and national oil and gas companies. Growth was experienced in global greenfield and Improve markets, with an increasing focus on unconventional natural gas and offshore development opportunities. The downstream market is still continuing to recover, led by the petrochemicals sector. In the past year, WorleyParsons’ has cemented its reputation as a leader in the delivery of full field solutions for unconventional oil and gas developments.

Future The company anticipates further growth in the global greenfield and Improve markets, both upstream and downstream despite signs of a potential softening in the rate of growth compared to 2012. Capital expenditure in oil and gas continues to increase, supported by the emergence of the shale, oil and gas developments around the world.

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  Aggregated Revenue   EBIT   EBIT Margin
$m Growth% $m Growth% %
2012 5,015.1 24.0 586.5 5.8 11.7
2011 4,043.9 18.1   554.3 10.5   13.7
2010 3,425.4 (27.7)   501.8   14.7
Aggregated Revenue
2010
2011
2012

Minerals, Metals & Chemicals

Business Summary From executing bankable feasibility studies to large integrated solutions, WorleyParsons has a proven track record for creating innovative solutions for customers in minerals, metals and chemicals businesses.

Performance Overview WorleyParsons has continued to develop long term relationships with Tier one customers, resulting in growth in projects and sustaining capital works. Business activities have increased across regions and growth industries, including iron ore, coal, copper and the chemicals sector, as well as new business areas such as potash and uranium.

Future The Company continues to focus on globalizing Minerals, Metals & Chemicals through long-term relationships with major customers and anticipates this approach to provide growth opportunities across the developed and developing worlds, particularly in bulk commodities and chemicals.

WorleyParsons expects to continue to expand in Latin America and Africa, largely through taking advantage of opportunities in the coal, copper and iron ore sectors and pit to port developments. Continued growth in project study work in these regions will provide opportunities for pull through to execution of major projects. WorleyParsons’ participation in the Chemicals sector is likely to grow as the market strengthens, particularly in China, USA and the Middle East.

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  Aggregated Revenue   EBIT   EBIT Margin
$m Growth% $m Growth% %
2012 895.4 39.1 131.4 27.9 14.7
2011 643.8 14.5   102.7 2.9   16.0
2010 562.5 (3.5)   105.8   18.8
Aggregated Revenue
2010
2011
2012

Power

Business Summary WorleyParsons offers comprehensive capabilities across the power generation, transmission and distribution value chain, from conventional and nuclear power generation, integrated networks, through to the latest solutions including renewable energy, advanced coal and smart grid. We work with our customers on all stages of the asset lifecycle, from early planning, full-scope project delivery, facility start-up, through to asset management and operations and maintenance.

Performance Overview WorleyParsons has focused on asset management in the developed world as well as working with customers on building new generation and networks capacity in the developing world. In the USA, Australia and Canada, the Company currently has long-term service agreements to deliver a range of support services to customers in asset optimization, operation and maintenance, energy efficiency and environmental compliance. In developing markets, we are delivering a number of projects in nuclear and conventional power generation and networks in the Middle East, Latin America, Asia and Africa. Investment in resource infrastructure particularly in Australia has delivered growth for the resource power business.

Future Power generation and networks opportunities across the Asia, Middle East, Latin America and Africa are expected to remain. In the US, Canada and Australia, WorleyParsons expects to continue to take advantage of significant investment in asset optimization and energy efficiency with our innovative Improve and EcoNomics™ solutions.

The Company expects growth in the nuclear Improve market as a result of the post Fukushima safety assessment of existing reactors around the world. The resource sector in Australia is providing opportunities for captive power generation projects and WorleyParsons anticipates further growth in this area as it focuses on supporting resource customers in Latin America, Sub Saharan Africa and the Middle East.

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  Aggregated Revenue   EBIT   EBIT Margin
$m Growth% $m Growth% %
2012 581.3 13.2 59.9 (8.3) 10.3
2011 513.7 0.8   65.3 12.2   12.7
2010 509.4 (6.8)   58.2   11.4
Aggregated Revenue
2010
2011
2012

Infrastructure & Environment

Business Summary WorleyParsons’ Infrastructure & Environment business is focused on providing integrated enabling services in water, environment, transport, ports and marine terminals, geosciences, master planning and restoration to mining, energy and power customers across the globe. These services are uniquely tailored to support our customers in managing the challenges and complexities of both new project developments and brownfield facilities.

Performance Overview WorleyParsons’ Infrastructure & Environment business performed strongly across all sub-sectors evidencing the success of our strategy to expand the focus of the business on supporting the resources industry in addition to the historical focus on urban infrastructure. The Company’s enabling services model positions us at the front-end Select phase through the delivery of geotechnical, environment and social licence, water security and water management services. It maximises our opportunities to continue to work with our customers into Deliver and Improve implementation phases.

Future Infrastructure & Environment opportunities are expected to grow through the delivery of enabling services to the Hydrocarbons and Minerals, Metals & Chemicals sectors. These enabling capabilities include environment, water, geosciences, master planning, transport, port and marine terminals and restoration. The Company anticipates improved performance in the pit to port business through the migration into Latin America and Sub Saharan Africa. Expansion of restoration services globally is expected to drive growth in decommissioning and remediation opportunities in the USA, Canada, Europe and Australia.

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  Aggregated Revenue   EBIT   EBIT Margin
$m Growth% $m Growth% %
2012 870.8 24.0 115.3 14.2 13.2
2011 702.1 49.4   101.0 25.5   14.4
2010 469.8 34.2   80.5   17.1
Aggregated Revenue
2010
2011
2012