Raubex Group Limited · JSE:RBX
Raubex — H1 2023 Earnings Presentation
46 slides from Raubex's earnings presentation, November 2022
Slide 1: Unaudited Interim Results
UNAUDITED INTERIM RESULTS for the six months ended 31 August 2022 Raubex Group Limited (Incorporated in the Republic of South Africa) Registration number 2006/023666/06 Share code: RBX ISIN code: ZAE000093183 (“Raubex” or “the Group”)
Slide 2: Agenda
Agenda • The Period in Review • Our Divisions • Group Financial Highlights • Divisional Reviews • Order Book • Major Projects Progress • Conclusion 2
Slide 3: The Period in Review
The Period in Review • The Group is pleased to present a strong set of results for the 6 months ended 31 August 2022 • Commenced the period with a record order book of R17,1 billion • Executing the order book profitably • Maintained a strong quality order book at similar levels • High levels of tend
Slide 4: Our Divisions
Our Divisions RALIBES The Roads and Earthworks Division specialises in road construction and eres earthworks as well as road surfacing and rehabilitation. This includes the laying of asphalt, chip and spray, surface dressing, enrichments and slurry seals. The Construction Materials Division speciali
Slide 5: Our Divisions
Our Divisions ewes. (FR) pave TR) BAUBEX Retail and Earthworks hospitality JP estccos — [( Building Compaction Public-Private Electricity Partnerships TA] RAuDEV Tal es FRR) Roaemer Commercial crushing (RAUMIx i rasan o agree Comnrcion
Slide 6: Group Financial Highlights
Group Financial Highlights • Revenue increased 23,2% to R7,38bn (H1 2022: R5,99bn) • Operating profit increased 26,4% to R550,3m (H1 2022: R435,2m) • Group operating profit margin of 7,5% (H1 2022: 7,3%) • HEPS increased 16,1% to 159,0 cps (H1 2022: 137,0 cps) • Cash generated from operations increa
Slide 7: Income Statement
Income Statement Interim results Interim results Annual results 2023 2022 2022 (R’000) (R’000) (R’000) Revenue 7 376 859 5 987 384 11 577 951 % growth 23,2% 52,0% 30,9% Operating profit 550 254 435 180 945 316 % growth 26,4% 1 907,9% 159,4% Operating margin 7,5% 7,3% 8,2% Net finance costs 25 379 10
Slide 8: Statement of Financial Position – Assets
Statement of Financial Position – Assets Interim results Interim results Annual results 2023 2022 2022 (R’000) (R’000) (R’000) Non-current assets 5 330 937 4 307 094 5 046 367 Property, plant and equipment 3 175 714 2 374 534 3 043 285 Investment property 114 427 - 114 495 Right-of-use assets 354 01
Slide 9: Statement of Financial Position – Equity and Liabilities
Statement of Financial Position – Equity and Liabilities Interim results Interim results Annual results 2023 2022 2022 (R’000) (R’000) (R’000) Equity 5 414 536 4 873 107 5 217 971 Attributable to shareholders 5 005 763 4 584 605 4 796 114 Non-controlling interest 408 773 288 502 421 857 Non-current
Slide 10: Statement of Cash Flows
Statement of Cash Flows Interim results Interim results Annual results 2023 2022 2022 Cash flows from operating activities (R’000) (R’000) (R’000) Cash generated from operations 589 286 239 869 800 090 Finance costs - net (28 298) (10 073) (21 326) Taxation paid (170 419) (75 071) (212 635) Net cash
Slide 11: Segmental Analysis
Segmental Analysis Materials Materials Handling Handling Construction Construction Roadsand Roads and Infrastructure Operating segments Operating segments Infrastructure Consolidated Consolidated & Mining & Mining Division Materials Earthworks Materials Division Earthworks Division Division August 2
Slide 12: Dividend Declaration
Dividend Declaration • Interim cash dividend declared of 53 cents per share • 3 times cover policy maintained • Relevant dates: • Last day to trade cum dividend - Tuesday, 29 November 2022 • Commence trading ex dividend - Wednesday, 30 November 2022 • Record date - Friday, 2 December 2022 • Payment
Slide 13: Materials Handling & Mining Division
Materials Handling & Mining Division • Revenue increased 52,9% to R1,23bn (H1 2022: R801,0m) • Operating profit decreased 2,3% to R104,4m (H1 2022: R106,9m) • Operating margin decreased to 8,5% (H1 2022: 13,3%) • Capital expenditure of R221,8m (H1 2022: R141,1m) • Order book of R2,67bn (2022: R1,89b
Slide 14: Construction Materials Division
Construction Materials Division • Revenue increased 7,3% to R1,05bn (H1 2022: R978,8m) • Operating profit decreased 27,0% to R64,9m (H1 2022: R89,0m) • Operating margin decreased to 6,2% (H1 2022: 9,1%) • Capital expenditure of R73,7m (H1 2022: R46,7m) • Order book of R1,12bn (2022: R0,87bn) • The d
Slide 15: Roads and Earthworks Division
Roads and Earthworks Division • Revenue increased 31,6% to R2,94bn (H1 2022: R2,24bn) • Operating profit increased 59,5% to R174,6m (H1 2022: R109,5m) • Operating margin increased to 5,9% (H1 2022: 4,9%) • Capital expenditure of R47,8m (H1 2022: R44,7m) • Order book of R7,31bn (2022: R9,74bn) • The
Slide 16: Infrastructure Division
Infrastructure Division • Revenue increased 9,5% to R2,16bn (H1 2022: R1,97bn) • Operating profit increased 58,9% to R206,3m (H1 2022: R129,8m) • Operating margin increased to 9,6% (H1 2022: 6,6%) • Capital expenditure of R51,2m (H1 2022: R54,8m) • Order book of R5,30bn (2022: R4,63bn) • Good, secur
Slide 17: International (Rest of Africa)
International (Rest of Africa) • Revenue increased 54,5% to R1,00bn (H1 2022: R649,8m) • Operating profit increased 99,0% to R252,2m (H1 2022: R126,7m) • Operating margin increased to 25,1% (H1 2022: 19,5%) • Order book of R4,04bn (H1 2022: R3,05bn) • The EPC Contract for the expansion and upgrade o
Slide 18: International (Australia)
International (Australia) • Revenue increased 15.7% to R1,07bn (H1 2022: R926,0m) • Operating profit increased 7,1% to R80,2m (H1 2022: R74,9m) • Operating margin decreased to 7,5% (H1 2022: 8,1%) • Order book of R1,52bn (2022: R1,03bn) • Good results were reported by Westforce Construction during t
Slide 19: Orderbook
Orderbook FY 2023 H1 FY 2022 Timing R16,404bn Timing R17,133bn FY 2023 (6mths) R6,347bn FY 2023 R9,997bn FY 2024 (12mths) R5,617bn FY 2024 R4,191bn FY 2025 (12mths) R1,877bn FY 2025 R1,429bn Beyond R2,563bn Beyond R1,516bn 19
Slide 20: Order Book History
Order Book History Order book trend to 31 August 2022 18 000 16 000 14 000 12 000 Rand million 10 000 8 000 6 000 4 000 2 000 - Feb 13 Feb 14 Feb 15 Feb 16 Feb 17 Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Aug 22 INTERNATIONAL 330 1 678 2 207 2 130 1 903 2 548 1 132 935 5 206 4 082 5 558 PRIVATE 1 523 1 628
Slide 21: Major Projects Progress
Major Projects Progress
Slide 22: Beitbridge Border Post Zimbabwe (Phase 1 – Truck Terminal)
Raubex Building & Raubex Construction: Beitbridge Border Post Zimbabwe (Phase 1 – Truck Terminal) 22
Slide 23: Beitbridge Border Post Zimbabwe (Phase 2 – Bus Terminal)
Raubex Building & Raubex Construction: Beitbridge Border Post Zimbabwe (Phase 2 – Bus Terminal) 23
Slide 24: Beitbridge Border Post Zimbabwe (Phase 3 – Light Vehicle/Pedestrian Terminal)
Raubex Building & Raubex Construction: Beitbridge Border Post Zimbabwe (Phase 3 – Light Vehicle/Pedestrian Terminal) 24
Slide 25: Staff Village at Beitbridge Border Post Zimbabwe
Raubex Building & Raubex Construction: Staff Village at Beitbridge Border Post Zimbabwe 25
Slide 26: Empa Structures: Reservoir at Beitbridge Border Post Zimbabwe
Empa Structures: Reservoir at Beitbridge Border Post Zimbabwe 26
Slide 27: Raubex Construction: N3 Cato Ridge - Durban
Raubex Construction: N3 Cato Ridge - Durban 27
Slide 28: Camperdown Intersection N3 Cato Ridge - Durban
Raubex Construction: Camperdown Intersection N3 Cato Ridge - Durban 28
Slide 29: Raubex Construction: N3 Dardanelles - Durban
Raubex Construction: N3 Dardanelles - Durban 29
Slide 30: Raubex KZN: Upgrading of the N2 Freeway, Durban
Raubex KZN: The Upgrading of the N2 Freeway between N2 KwaMashu I/C and Umdloti I/C - Durban 30
Slide 31: Raubex Construction: Musina Ring Road – Limpopo Province
Raubex Construction: Musina Ring Road – Limpopo Province 31
Slide 32: Roadmac Surfacing Cape: N2/M5 UTFC – Cape Town
Roadmac Surfacing Cape: N2/M5 UTFC – Cape Town 32
Slide 33: Raubex Infra: Bigen-Vista Park Residential Development - Bloemfontein
Raubex Infra: Bigen-Vista Park Residential Development - Bloemfontein 33
Slide 34: Raubex Building: Belhar Student Housing Facility – Cape Town
Raubex Building: Belhar Student Housing Facility – Cape Town 34
Slide 35: Raudev: Voliere Development - Stellenbosch
Raudev: Voliere Development - Stellenbosch 35
Slide 36: B&E International: Standerton Crushing
B&E International: Standerton Crushing 36
Slide 37: Bauba: Kookfontein Mine – North West Province
Bauba: Kookfontein Mine – North West Province 37
Slide 38: National Asphalt: Portland Plant – Cape Town
National Asphalt: Portland Plant – Cape Town 38
Slide 39: Raubex Construction: CBH, Shark Lake, Western Australia
Raubex Construction: CBH, Shark Lake, Western Australia 39
Slide 40: Ennis Road Royal Palm Drive Intersection, Perth
Raubex Construction: Ennis Road Royal Palm Drive Intersection, Perth, Western Australia 40
Slide 41: Raubex Construction: Thomas Road, Perth, Western Australia
Raubex Construction: Thomas Road, Perth, Western Australia 41
Slide 42: Westforce Construction: LWA Main Roads, Western Australia
Westforce Construction: LWA Main Roads, Western Australia 42
Slide 43: Recent award of Senqu Bridge
Raubex Construction: Recent award of Senqu Bridge (JV with Webuild, Enza and Lesotho based Sigma) 43
Slide 44: Recent award of Senqu Bridge
Raubex Construction: Recent award of Senqu Bridge (JV with Webuild, Enza and Lesotho based Sigma) 44
Slide 45: Recent award of Senqu Bridge
Raubex Construction: Recent award of Senqu Bridge (JV with Webuild, Enza and Lesotho based Sigma) 45
Slide 46: Conclusion
Conclusion • The Mining Division will continue to pursue strategic partnerships with mineral resource owners to afford the Group the opportunity to participate in various materials handling and processing opportunities over the medium and long term • In the Roads and Earthworks Division the current