RCR Tomlinson : Half Year Results - Appendix 4D & 2017 Half-Year Financial Report

ASX ANNOUNCEMENT

23 February 2017

RCR FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2016 RESULTS FOR ANNOUNCEMENT TO MARKET

RCR Tomlinson Ltd (ASX: RCR) in accordance with ASX Listing Rule 4.2A, encloses for immediate release the following documents:

• Appendix 4D - Results for Announcement to the Market; and

• RCR Half Year Financial Report for the Half-Year Ended 31 December 2016.

For further information please contact:

INVESTORS CONTACT: Managing Director & CEO Dr Paul Dalgleish RCR Tomlinson Ltd [phone] [e-mail]

ANALYSTS: Chief Financial Officer Andrew Phipps RCR Tomlinson Ltd [phone]

MEDIA CONTACT: Media Advisor Adam Kilgour Diplomacy [phone]

About RCR

RCR Tomlinson Ltd (ASX code: RCR) is a diversified engineering company providing turnkey integrated solutions to clients in the infrastructure, energy and resources sectors. RCR has a 118 years of history in the engineering sector and owns some of Australia's oldest engineering businesses including RCR TomlinsonTM, O'Donnell GriffinTM, HadenTM, and Resolve FMTM.

RCR's core capabilities encompass engineering, procurement and construction ("EPC") of power and steam generation plants (using a wide range of fuels, solar and wind), water and waste treatment systems; rail and road tunnel infrastructure, rail signalling and overhead wiring systems, mineral processing and material handling plants, construction of mechanical, piping and electrical disciplines (SMP/E&I), integrated oil & gas services (both onshore and offshore), supply of RCR proprietary materials handling and process equipment, asset repair, fabrication and maintenance services, HVAC services, and facilities management services.

RCR has operations across Australia, Asia and New Zealand. Additional information is available at www.rcrtom.com.au

E.I. Engineering Intelligence. That's What We Do.

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RCR Tomlinson Ltd | ABN 81 008 898 486 | www.rcrtom.com.au | [e-mail]

Appendix 4D - Half Year Report Results for announcement to the market

Half Year Report for the six months ended 31 December 2016

RCR Tomlinson Ltd | ABN 81 008 898 486

The current reporting period is the six months ended 31 December 2016 ("HY17") The prior comparative period is the six months ended 31 December 2015 ("HY16")

RESULTS FOR ANNOUNCEMENT TO THE MARKET	Up / Down	Movement	$'Million
Revenue from Continuing Operations	Down	0.2%	to	484.4
Net Profit After Tax Attributable to Members	Up	0.5%	to	9.0
Net Profit After Tax from Continuing Operations	Down	31.9%	to	9.0

A description of the figures reported above is contained in the Half Year Financial Report.

DIVIDEND INFORMATION Current reporting period: Amount per share Franked Amount per share Tax Rate for Franking Credit

2017 Interim Dividend per share Nil Nil Nil

NET TANGIBLE ASSETS BACKING 31 Dec 2016 31 Dec 2015

Net tangible assets per share $0.71 $0.80

Commentary on the Results for the Period

This report should be read in conjunction with the attached Directors' Report, Audited Financial Statements and notes contained in the Half Year Financial Report and recent ASX market announcements.

Audit Status

The results are based on accounts which have been subject to an audit review and the Auditor's Review Report contains no qualifications.

Control Gained or Lost over Entities having a Material Effect

No material control over any entity was gained or lost during the six months ended 31 December 2016.

Chief Financial Officer Andrew Phipps

Date: 23 February 2017

Appendix 4D HY2017 | RCR Tomlinson Ltd 1

(ABN 81 008 896 486)

R CR TO ML I N S O N L TD

H al f Y e ar F i n an c i al R ep o r t

F o r t he H a l f Y e a r E n d e d 3 1 D e c e m be r 2 0 1 6

Half Year Financial Report

For the Half Year Ended 31 December 2016 Directors' Report

DIRECTORS' REPORT

The Directors present their report on the consolidated entity comprising RCR Tomlinson Ltd and its controlled entities ("RCR" or "the Company") for the six months ended 31 December 2016 ("HY17"). RCR is a company limited by shares that is incorporated and domiciled in Australia.

BOARD OF DIRECTORS

The Directors of RCR in office during the financial year and up to the date for this report were:

• Roderick Brown, Independent Non-Executive Director and Chairman

• Dr Paul Dalgleish, Managing Director and Chief Executive Officer

• Eva Skira, Independent Non-Executive Director

• Paul Dippie, Independent Non-Executive Director

• Lloyd Jones, Independent Non-Executive Director

• Bruce James, Independent Non-Executive Director

• Sue Palmer, Independent Non-Executive Director REVIEW OF OPERATIONS AND FINANCIAL PERFORMANCE

PRINCIPAL ACTIVITIES

RCR is one of the leading diversified engineering and infrastructure companies in Australia, providing turnkey integrated solutions to clients in the infrastructure, resources and energy sectors. RCR's operations are strategically located in key markets across Australia, New Zealand and Asia.

RCR operated through three businesses during HY17 - Infrastructure, Energy and Resources.

Infrastructure is a leading provider of rail and transport, renewable energy, water, electrical, HVAC, oil & gas and technical facilities management services. The business operates through the key brands of RCR, O'Donnell Griffin, Haden and Resolve FM.

The business's core capabilities encompass; design and construction of renewable systems (solar and wind); electrical and instrumentation services; railway signalling and overhead wiring systems; power generation, transmission and distribution systems and generator maintenance; high voltage cabling; switchboards and process control instrumentation; fire and data communications systems; engineering, installation and maintenance of mechanical systems and HVAC; facilities management services; and water treatment systems and technologies. The business operates in Australia, New Zealand and Vietnam.

Energy is a technology leader in power generation and energy plants. Utilising advanced technologies for a range of conventional and renewable fuels, RCR Energy delivers power stations and steam generation plants through turnkey engineering, procurement and construction projects across a diverse range of industries including infrastructure, oil & gas and mining. The business provides ongoing maintenance and shutdown services to power stations across Australia and New Zealand. RCR Energy operates with key offices in Australia, SE Asia and New Zealand.

Resources is a leading provider of engineering, construction, maintenance and shutdown services (above and below ground) to the mining, resources, oil & gas and Liquefied Natural Gas ("LNG") sectors.

The business also provides turnkey material handling solutions from design and manufacture, specialist shutdown and heat treatment services to off-site repairs and maintenance of heavy engineering equipment. The business in Australia operates a number of regional workshops in WA (including the Pilbara region), SA, QLD and NSW.

This report should be read in conjunction with the most recent annual report.

GROUP RESULTS

The consolidated entity recorded Statutory Net Profit After Tax ("NPAT") of $9.0 million, up from $8.9 million for the prior comparative period, being the six months ended 31 December 2015 ("HY16"). From Continuing Operations, NPAT of $9.0 million compares with

$13.2 million for the prior comparative period.