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Burullus Combined Cycle Power Plant Egypt Ras Ghareb Wind Farm - Egypt Corporate Presentation April 2020 Highlights Global contractor focused on infrastructure, industrial and high-end commercial projects in MEA and USA Dual listing on


  1. Burullus Combined Cycle Power Plant – Egypt Ras Ghareb Wind Farm - Egypt Corporate Presentation April 2020

  2. Highlights Global contractor focused on infrastructure, industrial and high-end commercial projects in MEA and USA  Dual listing on NASDAQ Dubai and the Egyptian Exchange – Shareholding above 5%: Sawiris Family - 51.8%; Sustainable Capital - 8.6%; Cascade Investment and Bill & Melinda Gates Foundation - 5.8%  Pro forma backlog of USD 8.1 billion including 50% share in BESIX and consolidated backlog of USD 5.4 billion as of 31 December 2019 – Ranked #42 on ENR’s Int’l Contractors list and #112 on Global Contractors list  Proven track record of growth and shareholder value creation through entry into new markets and the creation of new business lines Previously incubated cement, port and fertilizer businesses –  Focused on growing concessions portfolio to provide recurring cash flow and support long term growth – Co-developer and co-owner of Egypt’s first PPP project (Orasqualia) and the largest renewable energy IPP project in Egypt (262.5 MW BOO wind farm) – Already secured several O&M contracts in water, transportation and facilities management  Strategic shareholding of 50% in BESIX Group, the largest Belgian contractor with a backlog of of EUR 4.8 billion as of 31 December 2019 – Partnership opportunities, exposure to complementary capabilities and annual dividend stream – Book value of USD 394.8 million 2

  3. Strong Track Record of Growth and International Expansion History of Creating Value for Shareholders Incubating Cement, Port & Fertilizer Lines Building an Investments and O&M Portfolio Growing Family Construction Business    Roots trace back to 1950s in Egypt where first Created a top 10 global cement producer in 12 Concessions portfolio to create both construction project was refurbishment of school wall countries through greenfields and acquisitions in opportunities and recurring income and cash flow 1990s-2000s   Evolved into leading private sector contractor by Already co-owner and co-operator of New Cairo  the 1990s through partnerships with int’l players Co-owned/built ME’s first privatized BOT port in Wastewater Treatment Plant, Egypt’s first PPP Egypt and divested stake in 2007 at a 49% IRR   Embarked on an ambitious drive in the mid-1990s Co-developed 262.5 MW BOO wind farm in  to invest in cement and building materials Divested cement group in 2007 and began Egypt, the largest IPP renewable energy project growing fertilizer business in the country. Project commissioned and  IPO on the EGX in 1999 and acquired 50% of operational 45 days ahead of schedule on 31  BESIX Group in 2004 Leveraged construction group and M&A to October 2019 expand fertilizer business in Egypt, Algeria,  Currently executing projects in 10 countries  Netherlands and USA Secured O&M contracts in water desalination, compared to 4 at IPO water treatment, wastewater treatment, power,  Demerged from fertilizer group in March 2015 transportation, and facilities management Growth and Geographic Expansion Backlog Growth (USD Million) Revenue Growth (USD Million) Backlog by Geography (1) Other $8,133 $3,184 4.9% BESIX 50% 2,688 USA 21.6% 5,445 Saudi Arabia 2.4% $1,495 $335 Egypt 71.1% 1999 9M 2015 FY 2019 1999 9M 2015 2019 3 (1) Backlog as of 31 December 2019; backlog excludes BESIX and JV’s accounted for under the equity method

  4. A Wide Range of Capabilities Across Various Geographies Orascom Construction PLC operates under three brands and owns 50% of BESIX Group Orascom Construction Weitz   Established in 1950 Established in 1855   Leading MENA industrial and infrastructure contractor Backlog: USD 1.0 billion   Backlog: USD 4.2 billion Core markets: USA – licensed/registered in all 50 states and DC   Core markets: MENA Expertise: contractor and construction manager of commercial, industrial and heavy industrial projects  Expertise: infrastructure, industrial and high-end commercial projects Contrack Watts BESIX Group   Established in 1985 Established in 1909   Preferred US government contractor for the last 10 years 50% ownership   Backlog: USD 246 million Backlog: EUR 4.8 billion (100% share)   Core markets: USA (including Pacific Rim) and MENA Core markets: MENA and Europe   Expertise: EPC services and facilities management for federal and Expertise: infrastructure, marine and high-end commercial projects infrastructure projects 4 Note: Backlog size as of 31 December 2019

  5. Geographic and Sector Diversification Rest of World 4.9% of Backlog United States 21.6% of Backlog Egypt 71.1% of Backlog Saudi Arabia 2.4% of Backlog Large geographic presence – each region with an established customer base 5 Note: Backlog geographic segmentation is as of 31 December 2019 and excludes 50% share in BESIX

  6. EPC Track Record Across Several Industries and Geographies Select Track Record Industrial • Over 12 mtpa of nitrogen fertilizer capacity in Egypt, Algeria and USA including the largest nitrogen fertilizer plant in USA in nearly 30 years • Over 40 mtpa of cement production capacity around the world • 8 petrochemical projects (ex. fertilizer) in the Middle East and the largest methanol plant in USA Burullus Combined 4,800 MW Cycle Power Plant – Egypt • Repeat contractor for agro/food players in the US such as Syngenta, Monsanto and Ozark Power • Completed over 28,000 MW of power generation projects in MENA (Egypt, Algeria and Iraq) • Added over 12,500 MW of power generation capacity in Egypt over the past 3 years including the largest power plants in the world • Renewable energy projects include two hydropower plants in Burundi and a wind farm in Egypt Transportation Park West Student Housing Complex – Texas A&M, USA • Key Cairo Metro player since the late 1980s and completed over 1,000km of rail projects in the Middle East (mainly Egypt and Saudi Arabia) • World’s largest swing rail bridge (in Egypt) and over 30 airport projects in the Middle East Water Treatment • Building the largest water treatment plant in Egypt (5m m 3 /day) and co-developer of Egypt’s first PPP project in Egypt (New Cairo Wastewater Treatment Plant) • Leading player in the development of Egypt’s water sector across all segments including desalination, Suez Canal Tunnels – Egypt wastewater and water infrastructure Buildings • First LEED Platinum project in Africa and the largest commercial malls in Egypt • Currently building the largest archaeological museum in the world in Egypt • Completed the largest student housing complex in the US at Texas A&M University • Completed three of the newest hospitals in Egypt Egyptian Refinery Company - Egypt 6 Note: Excludes BESIX Group; more information on BESIX can be found on page 10

  7. Consolidated Backlog Growth Current backlog size and quality supports the Group’s revenue and profitability targets Focus on pursuing quality projects where the Group has a competitive edge and is confident in the source of funding Evolution of Consolidated Backlog (1)  Consolidated backlog (excluding BESIX) increased 25.8% y-o-y to USD 5.4 billion in FY 2019 Backlog New Awards 6.7  Consolidated new awards growth of 51.1% in 5.8 5.4 5.3 FY 2019 4.9 4.8 4.6 4.3 MENA 3.8 3.6  New awards of approx. USD 2.4 billion YTD 2.3 2.2 and USD 540 million in Q4 2019  New projects in Q4 2019 include infrastructure, healthcare, logistics and roads  9M 2019 new awards included Egypt’s first 2014 2015 2016 2017 2018 2019 monorails (OC share USD 900 million) and Egypt’s largest water treatment plant (OC share is USD 370 million) Backlog and New Awards Growth in 2019 USA USD million FY 2019 FY 2018 Change Q4 2019 Q4 2018 Change  New awards of approx. USD 1.2 billion YTD Equity consolidation and USD 250 million in Q4 2019 Backlog 5,444.9 4,327.7 25.8%  New projects in FY and Q4 2019 include: New Awards 3,550.3 2,349.1 51.1% 793.4 831.3 (4.5)% ‒ Private-sector projects in the commercial and light industrial sectors Pro forma inc. 50% of BESIX ‒ Additional work in the growing data center Backlog 8,132.5 7,049.2 15.4% sector New Awards 5,428.5 4,308.7 26.0% 1,462.2 1,635.8 (10.6)% (1) Backlog/new awards chart excludes BESIX and JV’s accounted for under the equity method 7

  8. Backlog Diversification Backlog by Geography Backlog by Sector Backlog by Client Other 4.9% Private Commercial 14.4% 22.8% USA 21.6% Industrial 4.9% Saudi Arabia 2.4% Egypt Infrastructure 71.1% 72.3% Public 85.6% Backlog by Brand Backlog by Currency Currency Exposure Contrack Watts 4.5%  63.8% of the Group’s total backlog is in FCY Weitz or priced in FCY 18.2% ‒ 49% of backlog in Egypt is in FCY EGP 36.2% ‒ FCY and FCY-priced backlog outweigh FCY costs in Egypt  The Group incorporates cost escalation FCY & FCY- priced clauses in most EGP contracts to protect 63.8% against potential cost inflationary pressures Orascom 77.3% Note: Backlog breakdown as of 31 December 2019; backlog excludes BESIX and JV’s accounted for under the equity method 8

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