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Company Introduction for September 17, 2014 Jim Gribbins, Founder and President Richard Daugherty, Industrial Accounts Manager. Today’s Presentation. The Value of Gribbins Insulation About our company Our work Past projects Client relationships Award winning safety program
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Company Introduction for September 17, 2014 Jim Gribbins, Founder and President Richard Daugherty, Industrial Accounts Manager
Today’s Presentation The Value of Gribbins Insulation • About our company • Our work • Past projects • Client relationships • Award winning safety program • Fit Tight Covers
About Gribbins Insulation • Owned and managed by Jim Gribbins since founding in 1985 • Headquartered in Evansville, Indiana, with five regional offices and warehouses • Indianapolis and Terre Haute, Indiana; Robinson, Illinois; Louisville and Paducah, Kentucky • Management, supervision, and administrative team average over 24 years in the insulation industry • Average 250 employees including over 200 field employees, 13 estimator/project managers, and 4 full time safety professionals
Financials • Operating Line of Credit: $8 million • Since 2008 Average Annual Sales of $31.4 million with average net profit of $3.1 million • Current financials • Current ratio: 3.1 • Quick Ratio: 2.9 • Bonding Capacity: $20 million
Our Work • Project sizes range from $500 to $40 million • Work throughout the Midwest Major Clients:: Industrial Contractors Skanska Fluor Sterling Boiler BMW Constructors Duke Energy Indianapolis Power & Light Toyota Alcoa Marathon Petroleum Elanco Freitag-Weinhardt Wilhelm Construction Bristol-Myers
Duke Energy IGCC Project Edwardsport, IN
Marathon Petroleum Robinson, IL
AbencsAbengoa Ethanol Plant West Franklin, IN
Long-Term Maintenance Relationships Embedded Insulation Maintenance Contractor at: Alcoa Eli Lilly – Clinton Eli Lilly – Indianapolis Bristol-Myers Squibb Toyota Mead Johnson Indianapolis Power & Light Marathon AK Steel Countrymark Refinery AGC Swift Foods Vectren Gribbins management team actively engaged with all locations.
Strong Relationship with Union • Largest employer of the insulator craft in our Indiana and Kentucky markets • Signatory to multiple insulator and sheet metal local unions • Jim Gribbins is current chairman of the National Asbestos Workers Pension and Medical Fund • National Insulation Association Board Member • National Union Insulation Contractor’s Alliance Board Member • Multiple projects worked under National Maintenance Agreement
Safety Highlights • Current EMR is .67 – below .77 for the past 14 years • ZERO RECORDABLES in 2013 • OSHA Voluntary Protection Program (VPP) Star Status at Marathon Petroleum in Robinson, IL, and Eli Lilly in Indianapolis, IN • Metro Indianapolis Coalition for Construction Safety (MICCS) IOSHA Certified Partner • Member of the VPP Participants’ Association and the National Safety Council • Behavior-based safety program certified by the Cambridge Center for Behavioral Studies
Safety Awards 25+ Safety Awards since 2010 • Named one of America’s Safest Companies by EHS Today in 2011 and featured on the cover in July 2013 • NMAPC Zero Injury Safety Awards, annually since 2009 • Marathon Illinois Refining Division Manager’s Contractor Safety Excellence Award Winnger – 10 consecutive years • 2013 MICCS Crystal Eagle – first specialty contractor in award’s history • 2014 Indiana Governor’s Workplace Safety Award – 3rdyear • National Insulation Association Theodore H. Brodie Platinum Award, three consecutive years • National Safety Council named Jim Gribbins a 2012 CEO Who Gets It, along with Dow Chemical CEO • ICA Pinnacle Award, twice, and Summit Award, five times • 2012 Toyota Supplier Safety Award • 2011 CURT (Construction Users Roundtable) CISE Award
Fit Tight Covers • Designs and fabricates high quality, custom removable insulation covers • All types of mechanical systems and equipment • Same ownership • Accelerated lead times and cost reductions for our clients • Completed projects for clients from California to New York
Why Gribbins Insulation? • Same ownership and management since 1985 • Stable company with strong financials • Proven experience with variety of industrial and commercial projects • Strong relationships with clients and union • Award-winning safety program • Provide best-in-class service, quality, and price to our clients
THANK YOU Jim Gribbins President jgribbins@gribbins.com Richard Daugherty Industrial Accounts Manager rdaugherty@gribbins.com This presentation and additional documents are available for download at our website: www.gribbins.com/graycor