Indus trial T he Indus trial division is a le ading pr o vider o f diagnos tic t es ting and engineering solutions f or the ener gy r esour c es tr anspor t a tion and in fr as truc tur e sec t ors T he division s in t erna tional clien t base includes as se t o wners oper a t ors c ons truc t ors and equipmen t manuf ac tur ers in the po w er pe tr ochemical mining miner als pr oc es sing w a t er in fr a s truc tur e and tr anspor t a tion indus tries It is c omprised o f tw o c omplemen t ary busines s s tr e ams A s se t C ar e and T ribology Indus trial Financial per f ormanc e 2019 m 2018 m V arianc e R e v enue 2131 1939 99 Segmen t c on tribution 224 252 R es truc turing and r ela t ed c os ts 10 10 Underlying segmen t c on tribution 214 262 183 M ar gin underlying segmen t c on tribution t o r e v enue 100 135 Underlying segmen t EBITD A 277 321 137 M ar gin underlying segmen t EBITD A t o r e v enue 130 166 T he Indus trial division r ec or ded a t o t al r e v enue gr o w th o f 99 per c en t in FY2019 deliv er ed b y incr e ased w ork v olumes thr ough ne w c on tr ac t wins in bo th the US A and Aus tr alia T he A s se t C ar e r e v enue deliv er ed t o t al gr o w th o f 115 per c en t Signifcan t in v es tmen t in busines s de v elopmen t e f f or ts f ocused on main t enanc e r ela t ed servic es solidifed the par tial r eplac emen t o f r e v enue shor tf al ls in r educ ed ac tivit y in LNG c ons truc tion and po w er s t a tion out age pr ogr ams in Aus tr alia and ma t erialised signifcan t gr o w th in the US A Despit e the c on tinuous f ocus on c os t base discipline the A s se t C ar e busines s had a decr e ase in mar gin driv en b y a signifcan t change o f mix o f servic es and c on tinuous pric e pr es sur es par ticularly in Aus tr alia T he T ribology busines s s tr e am c on tinued t o deliv er solid gr o w th and yield s tr ong pr o ft abilit y with underlying c on tribution mar gin a t 21 per c en t c ompar ed t o 24 per c en t in FY2018 T he r educ tion in mar gin in FY2019 is primarily driv en b y signifcan t in v es tmen ts in s ales or ganis a tion and in the de v elopmen t o f ne w servic es and capabilities link ed t o IoT and da t a analy tics R e v enue gr e w 7 per c en t acr os s the global oper a tions as a r esult o f impr o v ed c onditions in the Aus tr alian mining sec t or and incr e ased busines s de v elopmen t ac tivities in the US A Disc on tinued Oper a tions Oil Gas T he Gr oup div es t ed the ma jorit y o f its as se ts in the Oil Gas t echnical servic es sec t or in July 2017 and in M ar ch 2018 decided t o e xit the r emaining labor a t ory servic es c ompo nen t A number o f op tions w er e c onsider ed in this r egar d and a fnal decision t o close this busines s w as r e ached in M ar ch 2019 Oil Gas L abor a t ories Financial per f ormanc e 2019 m 2018 m V arianc e R e v enue 77 84 83 Segmen t c on tribution 173 54 R es truc turing and r ela t ed c os ts 117 05 Underlying segmen t c on tribution 56 49 143 M ar gin underlying segmen t c on tribution t o r e v enue 727 583 Underlying segmen t EBITD A 41 35 171 M ar gin underlying segmen t EBITD A t o r e v enue 532 417 Oil Gas nonlabor a t ories Financial per f ormanc e 2019 m 2018 m R e v enue 398 Segmen t c on tribution 03 R es truc turing and r ela t ed c os ts Underlying segmen t c on tribution 03 M ar gin underlying segmen t c on tribution t o r e v enue 08 Underlying segmen t EBITD A 38 M ar gin underlying segmen t EBITD A t o r e v enue 96 16 ALS LIMITED AND IT S SUBSIDIARIES A NNU AL F INANCIAL R EPOR T F OR THE Y EAR E NDED 31 M AR CH 2019 F INANCIAL REPOR T D IRE CT ORS REPOR T R EVIEW OF RESUL T S AND OPERA TIONS D IVISIONAL REVIEWS