The company declared a full-year dividend of 8.5 cents a share in 2012 and managing director Steve Banning said he believed a solid foundation was in place for continued earnings growth with a hint of moving into the international marketplace.
“Our strategic focus on longer term relationships is being realised, with the majority of our services being delivered for brownfield operations and existing customers.
“Our international project expansion is being driven by existing customer relationships and reflects the geographically transferable nature of our services.
While the company has had a strong presence in the mining and exploration sector, it has been the ability to grow its hydrocarbon presence that has been the major contributor to its impressive performance since listing on the Australian Securities Exchange in July 2007.
In 2007, the company was mainly focused on mining and minerals, but in the ensuing five years its hydrocarbons business has grown to the extent where it now comprises about 20% of revenue with mining accounting for 50% and the remainder to power and water.
It has also grown internally, now employing almost 500 people across eight Australian offices with about 150 based in Western Australia and 250 on the east coast.
“We have experienced quite a lot of organic growth rather than acquisitions,” LogiCamms strategy and developments director Karsten Guster explained.
“Our principal areas of activity are mining and minerals, hydrocarbons ‒ oil and gas ‒ and infrastructure.”
And although many see a slowdown as an inevitability in the Australian coal sector, two recent contracts have been in that space.
The company announced an $8.5 million contract with Stanwell Corporation to upgrade the control system of the coal handling preparation plant at the Meandu mine in southeast Queensland in June and last month was awarded a $10 million contract by the Wiggins Island Export terminal to provide a control system for the new Gladstone terminal.
Guster said many LogiCamms contracts were the result of long-term business relationships.
“Most of our work is actually in the area of operational integrity, regulatory approvals and asset management,” he said.
“Where do we go from here?
“We want to strengthen our core offerings in these delivery streams and position ourselves in growth markets with Australian companies in areas involving iron ore, coal and natural gas.
“I believe the mining industry is facing a lot of cost pressures as it becomes more labour intensive. But I do see in the future in this space a huge focus on mining automation and it’s not just haulage trucks, there’s a lot more than that.
“Mining companies will need to embrace the change that is coming to the industry.”
He said he believed the lower iron ore price was forcing Chinese iron ore producers out of the market, creating a requirement for more volume from Australia.
