Wilson Bayly Holmes-ovcon Limited · JSE:WBO
Wilson Bayly Holmes-ovcon — Macquarie Conference 2017
14 slides from Wilson Bayly Holmes-ovcon's conference presentation, December 2017
Slide 1: Macquarie 2017 Conference
MACQUARIE 2017 CONFERENCE WBHO 2016
Slide 2: Material Issues
MACQUARIE CONFERENCE - DECEMBER 2017 2 MATERIAL ISSUES MARKET DYNAMICS • Low-growth environment persists – affecting business and consumer confidence • Increasing local political instability and policy uncertainty impacts investor confidence • Confidence in the sector is at a 17-year low* underpinne
Slide 3: New Markets
MACQUARIE CONFERENCE - DECEMBER 2017 3 NEW MARKETS UNITED KINGDOM • Part of the group’s diversification strategy to mitigate stagnant South African market • UK market has experienced good growth • Impact of Brexit still uncertain • Acquired – 40% interest in Byrne group; further potential acquisitio
Slide 4: Consolidated Order Book
MACQUARIE CONFERENCE - DECEMBER 2017 CONSOLIDATED ORDER BOOK Balance 2019 GEOGRAPHIC June September to June and (R’m) 2017 2017 2018 beyond South Africa 11 708 11 843 7 063 4 780 Rest of Africa 1 643 1 896 1 382 514 Australia 31 526 39 698 15 572 24 126 TOTAL 44 876 53 437 24 017 29 420 22 27 SEPT 4
Slide 5: Building and Civil Engineering
MACQUARIE CONFERENCE - DECEMBER 2017 BUILDING AND CIVIL ENGINEERING New Projects Value (’m) ORDER BOOK September June (R’m) % growth 2017 2017 Umhlanga Arch KZN ZAR 808 South Africa 12 7 510 6 738 Oceans Umhlanga KZN ZAR 496 Lakeside Office GP ZAR 411 Rest of Africa 50 677 451 The Trilogy GP ZAR 404
Slide 6: Market Update - Building and Civil Engineering
MACQUARIE CONFERENCE - DECEMBER 2017 6 MARKET UPDATE - BUILDING AND CIVIL ENGINEERING SOUTH AFRICA BUILDING: • Local work diminishing but commercial projects remains consistent with 2017 execution • Good order book replenishment in Western Cape KZN and Gauteng CIVIL ENGINEERING: • Despite continued
Slide 7: Roads and Earthworks
MACQUARIE CONFERENCE - DECEMBER 2017 ROADS AND EARTHWORKS New Projects Value ORDER BOOK September June (’m) (R’m) % growth 2017 2017 Orapa Dam Botswana Pula 565 South Africa (13) 4 333 4 969 Sasol PPA Mozambique MZN 358 Rest of Africa 2 1 219 1 192 Saldanha Greenfields WC ZAR 248 TOTAL (10) 5 552 6
Slide 8: Market Update - Roads and Earthworks
MACQUARIE CONFERENCE - DECEMBER 2017 8 MARKET UPDATE - ROADS AND EARTHWORKS SOUTH AFRICA • A number of private sector projects awarded – potential for further work • Additional road work projects anticipated in Q3 and Q4 • Opportunities in Pipeline market although fewer large projects available - hi
Slide 9: Australia
MACQUARIE CONFERENCE - DECEMBER 2017 AUSTRALIA New Projects Value (AUD’m) ORDER BOOK September June (R’m) % growth 2017 2017 Civil engineering: Building 24 36 723 29 740 Ellerton Drive extension 52,3 Margaret River perimeter road 22,8 Civil engineering 67 2 975 1 786 Olympic Dam Mining Work 49,9 TOT
Slide 10: Market Update - Australia
MACQUARIE CONFERENCE - DECEMBER 2017 10 MARKET UPDATE - AUSTRALIA • Deteriorating ZAR exchange rate from June (9.99) to September (10.62) • Impact on order book at September R2,4 billion BUILDING: • Inner-city residential towers slow; opportunity to convert to suburban residential towers • Increasin
Slide 11: Consolidated Order Book
MACQUARIE CONFERENCE - DECEMBER 2017 CONSOLIDATED ORDER BOOK Balance 2019 SEGMENT June September to June and (R’m) 2017 2017 2018 beyond Building and civil 7 189 8 187 4 964 3 223 engineering Roads and earthworks 6 161 5 552 3 481 2 071 Australia 31 526 39 698 15 572 24 126 TOTAL 44 876 53 437 24 01
Slide 12: Future Large Infrastructure Projects in Southern Africa
MACQUARIE CONFERENCE - DECEMBER 2017 FUTURE LARGE INFRASTRUCTURE PROJECTS IN SOUTHERN AFRICA Expected PROJECT Description Value start Remarks Durban Container Terminal Pier 2 Berths 203 – 205 R4 billion June 2018 Bids submitted August 2017 Polihali Dam, Transfer Early works Access road and Diversion
Slide 13: Disclaimer
MACQUARIE CONFERENCE - DECEMBER 2017 13 DISCLAIMER Certain statements contained within this presentation may be classified as forward-looking statements as defined by the United States Securities legislation. Words, including but not limited to, “believe”, “anticipate”, “expect”, “seek”, “intend”, “
Slide 14: Thank You
THANK YOU WBHO 2016
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