Investor Day Presentation May 2025

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Stock Worley Ltd (WOR.ASX)
Release Time 20 May 2025, 8:50 a.m.
Price Sensitive Yes
 Worley Reaffirms FY25 Outlook and Outlines Growth Strategy
Key Points
  • Expects to deliver low double digit EBITA growth and underlying EBITA margins between 8-8.5% for FY25
  • $9.4 billion of wins YTD, up on $9 billion over the same period last year
  • Strategy to STRENGTHEN, EXPAND and INNOVATE to drive long-term shareholder value
Full Summary

Worley Limited (ASX:WOR) will host its Investor Day, with CEO Chris Ashton and the Group Executive team providing strategic and operational updates. Worley reaffirms its outlook that it expects to deliver low double digit EBITA growth and underlying EBITA margins (excluding procurement) between 8 - 8.5% for the 2025 financial year, subject to no further deterioration in current market conditions. The business has booked $9.4 billion of wins to the end of March this financial year, up on $9 billion over the same period last year, with new work in the resources sector making a strong contribution. Independent of Venture Global, the factored sales pipeline has seen a 14% increase since January 2025. Worley highlights its strategy to strengthen, expand and innovate to drive long term shareholder value. The operational re-organisation announced yesterday aims to strengthen the company's leadership position by focusing on the needs of its customers in its core markets of energy, chemicals and resources, while providing the opportunity to further strengthen its operating model. Worley is extending its end-to-end capabilities to support customers to achieve their capital investment goals, particularly for major global projects and programs, and is innovating to transform the way it delivers work, particularly through its Global Integrated Delivery (GID) model and use of Artificial Intelligence, and through developing digital and technology driven customer solutions.

Guidance

Worley reaffirms its outlook that it expects to deliver low double digit EBITA growth and underlying EBITA margins (excluding procurement) between 8 - 8.5% for the 2025 financial year, subject to no further deterioration in current market conditions.

Outlook

Worley is confident that it is a resilient business able to deliver strong returns for its shareholders and looks forward to the benefits that its operations reorganisation will bring to unlock value for them and its customers. The company sees strong market fundamentals and positive long-term macro trends as it moves into the next phase of growth.