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Welcome to. 2008. Analysts Presentation. PRESENTERS:. Mike Wylie - Chairman. Louwtjie Nel - CEO. Kobie Botha - EXCO, MD Roads & Earthworks. Paul Foley - EXCO, MD Civil & Building. Savannah Maziya - Main Board non-executive. AGENDA:.
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Welcome to 2008 Analysts Presentation
PRESENTERS: • Mike Wylie - Chairman • Louwtjie Nel - CEO • Kobie Botha - EXCO, MD Roads & Earthworks • Paul Foley - EXCO, MD Civil & Building • Savannah Maziya - Main Board non-executive
AGENDA: • BEE - Mike Wylie • Company structure - Mike Wylie • Current contracts - Paul Foley & Kobie Botha • Prospects - Louwtjie Nel • Industrial - Mike Wylie • Financial highlights - Savannah Maziya
COMPANY STRUCTURE
Retire at 60 Coaching from 60 Aus, Capital Africa, etc Aus, Capital Africa, etc YOUNG TALENT
CAPITAL AFRICA STEEL CARACAL 10% WBHO 50% BRAIT 40% CAPITAL AFRICA STEEL 3Q CONCRETE 60% RMS 100% DIWIDAG 50% STAR STEEL 95% SYMO 100%
PROSPECTS • Roads & Civils • SANRAL and Provincial Roads - R50 B • DWAF – new and refurbished dams - R 1 B • Transnet and Portnet - R40 B • Gas and petroleum pipelines - R 9 B • ACSA airports - R 8 B • Mining and infrastructure RSA, Ghana,DRC, • Zambia - R 1 B
PROSPECTS • Civils • Medupi and Kusile power stations - R 7 B • Nuclear 1 - R 10 B • SASOL expansion projects - R 5 B • Mining contracts - R 2 B • Coega – Petrosa and biofuels - R 1 B
PROSPECTS • Building • PPP’s – Healthcare and prisons - R10 B • ACSA – Midfields - R20 B • Retail – Upgrades and regional malls - R 7 B • Corporate office blocks - R 1 B • Hotels - R 1 B • Convention centres - R 2 B • Government – National archives - R 2 B • UAE, Mauritius, Zambia
PROSPECTS • Probuild • Retail - R 4 B • Commercial - R 7 B • Residential - R 3 B • Airports - R 3 B • Education - R 3 B
FINANCIAL HIGHLIGHTS
We have grown our revenue by 33% from R8.1b by R2.7 b to R10.8 b last year we grew by R2.3 b some 40%
Our operating margin achieved 8.4% on R10.8 b last year it was 5.1% on R8.1 b
Our compound growth in headline earnings has been 36% per annum since listing
HIGHLIGHTS • WBHO’s earnings per share have improved by 160% • In January 2008 we restructured CAS and reduced our investment to 50%, giving rise to R93 m profit and CAS then became an associate • Headline earnings per share are up 147% after adding back impairment of goodwill and deducting the profit on the sale of CAS and profit on the sale of assets • Balance sheet and cash balances remain strong
RELY ON OUR ABILITY QUESTIONS ?