1.4 Significant changes in operations during FY2014

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WorleyParsons is a professional services provider to the resources, energy and industrial sectors.

In April 2014, the Company announced a reorganization of the business aimed at simplifying the corporate structure, reducing overhead costs and enabling our staff to deliver greater customer satisfaction.

On 1 May 2014, we reorganized into three business lines – Services, Major Projects and Improve. Each of our business lines has full accountability and responsibility for customer satisfaction, generating sustainable earnings and providing a satisfactory level of return on capital invested. In addition, each business line is responsible for providing and sourcing the optimal level of operation support.

We nurture new business ventures through our Development group. Two businesses are currently being supported; Advisian and Digital Enterprise.

Group functions at the corporate level were streamlined with our leaner corporate office responsible for strategy, improved capital allocation and corporate governance.