Welcome to our 2015 Annual General Meeting 2 September 2015 The - - PowerPoint PPT Presentation

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Jan 05, 2024 213 likes •416 views

Welcome to our 2015 Annual General Meeting 2 September 2015 The Board John Dodds Chairman Alan Dunsmore Ian Cochrane Derek Randall Ian Lawson Executive Director Chief Executive Officer Finance Director Chief Operating Officer Tony

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Welcome to our 2015 Annual General Meeting

2 September 2015

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The Board

John Dodds Chairman Alan Dunsmore Finance Director Ian Lawson Chief Executive Officer Ian Cochrane Chief Operating Officer Derek Randall Executive Director Alun Griffiths Non-executive Director Chris Holt Non-executive Director Kevin Whiteman Non-executive Director Mark Sanderson Company Secretary Tony Osbaldiston Non-executive Director

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Thank you slide

AGM Statement

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Ian Lawson

Chief Executive Officer

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Underlying profit before tax of £8.3m
UK operating margin up at 4.5%
Improved cash performance
India: operating margin up at 9%, share of losses for the year reduced to £0.2m
Improved UK order book of £188m
Consistent India order book of £36m
Encouraging level of new opportunities in the pipeline
Good progress on strategy, with continued operational improvement and the

commencement of the growth programme e.g. Mabey Bridge team

Return to dividend of 0.5p per share

Highlights

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Remedial works to replace bolts on-going
Caused by Hydrogen Embrittlement
£6m estimated cost, non-underlying
Without prejudice discussions on-going

Leadenhall

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Market sectors

Health and education Stadia and leisure Retail Commercial offices Transport Data centres and other

Power and energy Industrial and distribution

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Consistent and quality order book (£m)

197 178 172 168 185 194 188

50 100 150 200 250 May-13 Aug-13 Nov-13 May-14 Nov-14 Jun-15 Aug-15

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Current major projects

London Bridge Station Canopies Project Thunderbird, Northamptonshire Liverpool Football Club, Anfield Stadium Expansion US Embassy, London Telehouse North, London

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Liverpool FC Anfield Stadium

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Current major projects

Nova, Victoria, London CIT’s South Bank Tower, London 1 New Street Square, London Manchester City FC, Etihad Expansion Costco, Crick

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Current projects - India

NetApp Office, Bangalore Intel Office, Bangalore K Raheja, Corporate Office Extension, Mumbai JSW Steel, Sinter Plant, Dolvi JSW Steel, Bar Mill, Dolvi Centrade Business Park, New Delhi

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Market conditions

Improving pipeline
Clients becoming more aware of delivery periods
Strong Infrastructure funding for Rail and Highways opportunities
Competitor landscape changing

India

GDP still growing at >7%
New government promising investment but taking time
Interest in steel (vs concrete) continuing to grow
International investment being actively encouraged and incentivised

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Prospects

Transport: Network Rail, HS2, Highways, Crossrail
Industrial and distribution
Commercial offices

Commercial offices Transport Industrial and distribution

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Tennison Road Bridge

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Prospects

Uniserve, Felixstowe BAE Systems, Barrow

No. 10 Bank Street, Canary Wharf

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Prospects

Gotham City, London Tottenham Hotspur FC Stadium St James Hotel, Edinburgh

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Prospects - India

Altair, Colombo, Sri Lanka (Residential) Bizlife Towers, Noida (mixed use) MIDC Office, Mumbai

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Benefit from rising market and increase market

share in UK

Capitalise on new market sectors such as

infrastructure

Consider European contracts and/or acquisitions
Operational improvements and volume growth to

improve UK margins to 8-10% in the medium-term

Continue to build value in the Indian business
Continued capital investment of circa £5m per

annum to enhance competitive edge

Continuing investment in our people and health

and safety management

Our future

Building on an improving commercial environment

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