Monadelphous Group Management

Management criteria checks 4/4

Monadelphous Group's CEO is Zoran Bebic, appointed in Sep 2014, has a tenure of 10.17 years. total yearly compensation is A$1.64M, comprised of 56.6% salary and 43.4% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth €1.02M. The average tenure of the management team and the board of directors is 9.9 years and 6.8 years respectively.

Key information

Zoran Bebic

Chief executive officer

AU$1.6m

Total compensation

CEO salary percentage	56.6%
CEO tenure	10.2yrs
CEO ownership	0.1%
Management average tenure	9.9yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Zoran Bebic's remuneration changed compared to Monadelphous Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$2m	AU$930k	AU$62m
Mar 31 2024	n/a	n/a	AU$58m
Dec 31 2023	n/a	n/a	AU$54m
Sep 30 2023	n/a	n/a	AU$54m
Jun 30 2023	AU$2m	AU$851k	AU$54m
Mar 31 2023	n/a	n/a	AU$52m
Dec 31 2022	n/a	n/a	AU$51m
Sep 30 2022	n/a	n/a	AU$52m
Jun 30 2022	AU$1m	AU$717k	AU$52m
Mar 31 2022	n/a	n/a	AU$49m
Dec 31 2021	n/a	n/a	AU$46m
Sep 30 2021	n/a	n/a	AU$46m
Jun 30 2021	AU$866k	AU$638k	AU$47m
Mar 31 2021	n/a	n/a	AU$43m
Dec 31 2020	n/a	n/a	AU$40m
Sep 30 2020	n/a	n/a	AU$38m
Jun 30 2020	AU$847k	AU$653k	AU$36m
Mar 31 2020	n/a	n/a	AU$42m
Dec 31 2019	n/a	n/a	AU$48m
Sep 30 2019	n/a	n/a	AU$49m
Jun 30 2019	AU$935k	AU$643k	AU$51m
Mar 31 2019	n/a	n/a	AU$58m
Dec 31 2018	n/a	n/a	AU$65m
Sep 30 2018	n/a	n/a	AU$68m
Jun 30 2018	AU$777k	AU$615k	AU$71m

Compensation vs Market: Zoran's total compensation ($USD1.07M) is about average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Zoran's compensation has been consistent with company performance over the past year.

CEO

Zoran Bebic

10.2yrs

Tenure

AU$1,643,221

Compensation

Mr. Zoran Bebic, CPA, serves as Managing Director & Director of Monadelphous Group Limited since November 22, 2022 and had been an Executive General Manager of Maintenance & Industrial Services Division si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Velletri	Executive Chairman of the Board	32.3yrs	AU$887.34k	2.31% € 18.1m
Zoran Bebic	MD & Director	10.2yrs	AU$1.64m	0.13% € 1.0m
Philip Trueman	CFO & Company Secretary	16.9yrs	AU$980.78k	0.030% € 234.4k
A. Cook	Executive General Manager of Engineering Construction	1.9yrs	AU$896.91k	no data
A. Reid	Executive General Manager of Maintenance & Industrial Services	2yrs	AU$985.49k	0.026% € 200.7k
Ella McCarthy	Group Manager of Marketing & Communications	no data	no data	no data
Kristy Glasgow	Company Secretary	9.9yrs	no data	no data

9.9yrs

Average Tenure

Experienced Management: 8MP's management team is seasoned and experienced (9.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Velletri	Executive Chairman of the Board	32.3yrs	AU$887.34k	2.31% € 18.1m
Zoran Bebic	MD & Director	2yrs	AU$1.64m	0.13% € 1.0m
Enrico Buratto	Independent Non-Executive Director	3.1yrs	AU$134.00k	0.0058% € 45.6k
Sue Murphy	Independent Deputy Chair & Lead Independent Non-Executive Director	5.4yrs	AU$154.00k	0.014% € 109.7k
Helen Gillies	Independent Non-Executive Director	8.2yrs	AU$149.00k	0.010% € 81.3k
Dietmar Voss	Independent Non-Executive Director	10.7yrs	AU$134.00k	0.074% € 575.6k

6.8yrs

Average Tenure

Experienced Board: 8MP's board of directors are considered experienced (6.8 years average tenure).

Monadelphous Group Management

Management criteria checks 4/4

Key information

Recent management updates

Monadelphous Group Limited, Annual General Meeting, Nov 19, 2024

Monadelphous Group Limited, Annual General Meeting, Nov 21, 2023

Monadelphous Group Limited Appoints Zoran Bebic as Director

Insufficient new directors

Monadelphous Group Limited Announces Managing Director Changes

Insufficient new directors

Recent updates

Final dividend of AU$0.33 announced

Monadelphous Group Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended June 30, 2024, Payable on September 27, 2024

Full year 2024 earnings released: EPS: AU$0.64 (vs AU$0.56 in FY 2023)

Investor sentiment deteriorates as stock falls 18%

Upcoming dividend of AU$0.25 per share

First half dividend of AU$0.25 announced

First half 2024 earnings released: EPS: AU$0.31 (vs AU$0.30 in 1H 2023)

Monadelphous Group Limited, Annual General Meeting, Nov 19, 2024

Upcoming dividend of AU$0.25 per share at 3.3% yield

Monadelphous Group Limited to Report Fiscal Year 2023 Final Results on Oct 16, 2023

Full year 2023 earnings released: EPS: AU$0.56 (vs AU$0.55 in FY 2022)

Monadelphous Group Limited (ASX:MND) entered into an agreement to acquire BMC Welding & Construction Pty. Ltd. for AUD 22 million.

Upcoming dividend of AU$0.24 per share at 4.1% yield

First half 2023 earnings released: EPS: AU$0.30 (vs AU$0.32 in 1H 2022)

Monadelphous Group Limited, Annual General Meeting, Nov 21, 2023

Monadelphous Group Limited Appoints Zoran Bebic as Director

Insufficient new directors

Monadelphous Group Limited Announces Managing Director Changes

Monadelphous Group Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2022, Payable on September 30, 2022

Upcoming dividend of AU$0.25 per share

Full year 2022 earnings released: EPS: AU$0.55 (vs AU$0.50 in FY 2021)

Investor sentiment improved over the past week

Monadelphous Group Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2022, Payable on September 30, 2022

Insufficient new directors

Insufficient new directors

Now 20% undervalued

Investor sentiment improved over the past week

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Monadelphous Group Limited Declares Interim Dividend for the Half Year Ended December 31, 2021, Payable on March 25, 2022

Independent Non-Executive Director Christopher Michelmore has left the company

High number of new directors

Independent Non-Executive Director recently bought €247k worth of stock

Upcoming dividend of AU$0.21 per share

Full year 2021 earnings released: EPS AU$0.50 (vs AU$0.39 in FY 2020)

Independent Non-Executive Director recently bought €190k worth of stock

Investor sentiment deteriorated over the past week

New 90-day low: €7.05

First half 2021 earnings released: EPS AU$0.33 (vs AU$0.30 in 1H 2020)

Revenue misses expectations

Monadelphous Group Limited to Report First Half, 2021 Results on Feb 23, 2021

Monadelphous Group Limited, Annual General Meeting, Nov 23, 2021

New 90-day high: €8.75

Monadelphous Group Limited Announces Updates on Rio-Tinto

New 90-day high: €7.00

Full year earnings released - EPS €0.39

Monadelphous Group Limited to Report Fiscal Year 2020 Final Results on Oct 12, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure