Julius Berger Nigeria Plc · NSENG:JBERGER
Julius Berger Nigeria — Julius Berger Investors Forum 2024
40 slides from Julius Berger Nigeria's conference presentation, Jun 25, 2024
Slide 1: Julius Berger Investors Forum
JULIUS BERGER INVESTORS FORUM
Slide 2: Disclaimer
Disclaimer This presentation contains or incorporates by reference forward-looking statements that reflect the expectations of the Directors and other members of senior management (the “Management”) of Julius Berger Nigeria Plc (“JBN”, the “Company”, or together with its subsidiaries “Julius Berger”
Slide 3: Outline
Overview of Julius Berger Nigeria Plc Sustainability and Governance Outline Financial Review Outlook 3
Slide 4: Speakers
Speakers Engr. Dr. Lars Richter Mr. Christian Hausemann Managing Director Executive Director Finance 20+ years at Julius Berger Nigeria Plc 28+ years at Julius Berger Nigeria Plc Director, PrimeTech Design and Engineering Nigeria Ltd Chairman, Julius Berger Medical Services Ltd Council Member, Juliu
Slide 5: Resilient and Sustainable
Resilient and Sustainable Operational Enhanced utilisation of stability and resilience, Regional expansion CNG/LNG, decreasing our despite global/local of core business, dependence on diesel and macroeconomic challenges leveraging market and uncertainties significantly boosting our Shareholders valu
Slide 6: Overview of Julius Berger Nigeria Plc
Overview of Julius Berger Nigeria Plc 6
Slide 7: Our Corporate Profile
Our Corporate Profile Our Vision Our Values Our Mission Limitless prosperity for company, Excellence, Responsibility, Collaboration, Transform challenges into tangible community, and country Courage opportunities Key Milestones and Over 50 years leadership Completed over 20 industrial facilities < 1
Slide 8: Our Corporate Profile: Shareholding Structure
Our Corporate Profile Shareholding Structure Data as at 28 May 2024 45.9% Other Individual and 45.39% Institutional Shareholders 5.50% Ibile Holdings Ltd 10.0% Watertown Energy Ltd 19.24% Neptune Hill Company Ltd Goldstone Estate Ltd 19.87% 8 8
Slide 9: Overview of the 2023 Macro Economic Factors
9 0 1000 1200 1400 1600 200 400 600 800 0.0% 1.0% 2.0% 3.0% 4.0% -2.0% -1.0% Dec-22 Jan-23 2017 Feb-23 Mar-23 Apr-23 2018 May-23 Jun-23 2019 Jul-23 Aug-23 Sep-23 2020 Oct-23 GDP Growth Nov-23 2021 Dec-23 Jan-24 Exchange Rate - US$/NGN Feb-24 2022 Mar-24 Apr-24 2023 May-24 70 75 80 85 90 95 14.0% 20.
Slide 10: FY 2023 Snapshot/Highlights
FY 2023 Snapshot/Highlights Financial Group revenue up by 0.6% Profit Before Tax up by Asset growth of 35.7% to to ₦443.4 billion 42.0% to ₦22.1 billion ₦686.9 billion Operational Expansion of core business to Benin Successfully completed several Enhanced efficiency and Republic, thereby broadening
Slide 11: Our Strategic Approach is Centred on Three Pillars
Our Strategic Approach is Centred on Three Pillars of Sustainability and Prosperity Core Business ❑ Infrastructure ❑ Building Works ❑ Industry Conglomerate ❑ Facility Services Strategy Diversification Subsidiaries ❑ Products and Services 11
Slide 12: Our core business strengthens our standing as a leading construction company
Our core business strengthens our standing as a leading construction company, promoting industry growth and bridging infrastructure gaps across various economies Engineering, construction and maintenance of essential traffic networks, turnkey harbours, and airports Infrastructure construction, among
Slide 13: Second River Niger Bridge
Second River Niger Bridge We Actively Contribute to Economic Growth and Expansion Through Our Infrastructure Projects 1.6 km main bridge 10.3 km access road Asaba approach road Owerri interchange Toll plaza 13
Slide 14: International Worship Centre
International We Actively Contribute to Economic Growth and Expansion 9,000 m2 building footprint 5,500 seating capacity Worship Centre Through Our Building Projects 118,000 m2 plot size 45,600 m² podium size 14
Slide 15: Gas-to-Liquids Facility, Escravos
Gas-to-Liquids Facility, Escravos We Have a Proven Record of Supporting the Development of Industries 6,500 m² EPC Heavy Load Wharf 7,000 m² Ground Floor Area - EPC Buildings 15
Slide 16: Customised Corrective and Preventive Maintenance and Refurbishment Services
We Deliver a Wide Range of Customised Corrective and Preventive Maintenance and Refurbishment Services 16
Slide 17: Our Subsidiaries Maintain a Consistent Path of Sustainable Growth
Our Subsidiaries Maintain a Consistent Path of Sustainable Growth and Progress 17
Slide 18: Our subsidiaries provide premium products and services: Abumet
Our subsidiaries provide our clients with premium products and services Abumet is a leading solutions provider for the planning, processing and installation of aluminium and glass products. 18
Slide 19: Our subsidiaries provide premium products and services: JBI
Our subsidiaries provide our clients with premium products and services JBI provides comprehensive services for construction projects ranging in size and complexity, in the areas of building, infrastructure, and industry, both for JBN Plc business in Nigeria and for international third-party clients
Slide 20: Our subsidiaries provide premium products and services: Julius Berger Services
Our subsidiaries provide our clients with premium products and services Julius Berger Services Nigeria Ltd. is a multipurpose terminal operator at the Warri Port - Terminal C. 20
Slide 21: Our subsidiaries provide premium products and services: PrimeTech
Our subsidiaries provide our clients with premium products and services PrimeTech provides technically advanced and value-driven design and engineering solutions for the construction of buildings, civil structures, industries, roads, and infrastructure 21
Slide 22: Diversification is central to our evolution into a conglomerate
Diversification is central to our evolution into a conglomerate Diversification Our Diversification Principles Food Healthcare ❑ An Independent ❑ A Profitable Economical Cycle Business Case Under Agro-Processing consideration ❑ Long-Term Sustainability Cashew Processing Launched 22
Slide 23: Sustainability & Governance
Sustainability & Governance 23
Slide 24: Sound Board and Governance Framework
Sound Board and Governance Framework Driving Accountability and Transparency Mutiu Sunmonu, CON Gladys Olubusola Talabi Board of Directors George Marks Lars Richter Christian Hausemann Jafaru Damulak Belinda Ajoke Disu CAL Goni Musa Sheikh Ernest Nnaemeka Azudialu-Obiejesi Ernest Chukwudi Ebi MFR, F
Slide 25: Effective and Increasingly Diversified Board
Effective and Increasingly Diversified Board Number Average age of Average tenure of Directors of Directors Directors the Directors 12 39 Years 8 Years Directors from Gender Age Diversity Diversity Male Female 8% 17% 17% 50% 8% 75% 25% 10 2 30-39 40-49 50-59 60-69 >70 Nigeria & Germany Banking and P
Slide 26: Sustainability Framework
Sustainability Framework Our sustainability framework is built on four intertwined pillars: Sustainable Leadership: We Progressive Economic Environmental Responsibility: Social Inclusion: We recognise prioritise ethical conduct, Development: We believe in We go beyond mere the importance of our tran
Slide 27: Sustainability Framework is Aligned with Global Standards
Sustainability Framework is Aligned with Global Standards We are committed to global best practices in sustainability and climate change actions and we actively participate in the following initiatives We continue to align our reporting The UN Sustainable Development The UN Global Compact practices
Slide 28: Sustainability Approach and Progress
Sustainability Approach and Progress GOVERNANCE APPROACH PROGRESS ❑ The Board of Directors has oversight over ❑ Our commitment to sustainability ❑ Enhanced Sustainability Metrics: Environmental, Social, and Governance (ESG) harmonises with our corporate vision, aiming Implemented advanced data colle
Slide 29: Building Stronger Communities: CSR in Action
Education and Human Philanthropy and Community Development Emergency Welfare Capital Development Social Welfare Building Stronger Communities and Making a Difference: CSR in Action 29
Slide 30: Financial Review
Financial Review 30
Slide 31: Healthy Revenue Growth and Profitability Across Our Business
Healthy Revenue Growth and Profitability Across Our Business Revenue (N’bn) Gross Profit (N’bn) & Margin Revenue 1 6-yr CAGR:20.9% 6-yr CAGR:7.7% Revenue growth driven by the robust 441 443 performance of the civil works segment. 31.2% 26.7% 339 22.6% 266 20.0% 19.6% 241 16.9% 195 15.5% 142 Gross Pr
Slide 32: Improved Asset Base and Returns
Improved Asset Base and Returns Driven by Sustained Revenue and Retained Earnings Growth Financial Position Total Assets (N’bn) Total Equity (N’bn) 106.5 686.9 506.3 477.2 ▪ Consistent growth in 57.1 shareholder funds 275.4 288.4 313.7 328.9 44.9 53.1 40.3 anchored on efficiency 30.1 35.4 and profit
Slide 33: Operational Efficiency, Lower Funding Costs, Improved Interest Coverage
Operational Efficiency Coupled with a Strong Competitive Position, Lower Funding Costs, and Improved Interest Coverage ▪ Over 80% of the Funding Mix (%) Interest Coverage Ratio liabilities are non-interest bearing, resulting in 11% 12% 13% 14% 11% 11% 1% 15% 6.9 lower financing costs and 12% 9% 5% 8
Slide 34: Healthy Shareholder Returns
Healthy Shareholder Returns Total Dividends (N’bn) Dividend Per Share (N) 4.80 3.00 4.00 4.00 2.50 2.50 2.00 2.00 2.64 2.64 1.00 1.32 0.64 0.40 2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 Dividend Payout Ratio Dividend Yield 12.8% 50.8% 11% 10.5% 45.2% 10.0% 37.7% 38.6% 35.
Slide 35: Outlook
Outlook 35
Slide 36: 2024 Priorities
2024 Priorities Financial Revenue and Profit Growth: Steady growth in revenue and profits, reflecting strong operational performance. Balance Sheet Optimisation: Optimisation of our balance sheet, enhancement of financial stability and capacity for reinvestment. Cost Efficiency Improvements: Improve
Slide 37: Our strategic framework prioritises sustainability and long-term impact
Our strategic framework prioritises sustainability, supports growth, leverages innovation, and focuses on long-term impact… Strengthen regional Strategic diversification diversification within the core into other sectors to business for increased evolve into a profitability and resilience. conglomer
Slide 38: Our Compelling Investment Features
….Our Compelling Investment Features Enhanced Sustainability Established Resilient & Diversified Improved Credit and Strong Corporate Operations and Sustainable Portfolio worthiness Governance Track Record Financial Performance 38
Slide 39: Thank You
Thank You
Slide 40: Investor Relations
Investor Relations Julius Berger Nigeria PLC Facebook.com/JuliusBergerNigeria Julius Berger Nigeria (julius-berger.com) 2022 Annual Reports and Consolidated Financial Statements Full Year 2023 Consolidated Audited Financial Statementss Kindly send any further questions to: jbn.shareholders@julius-be
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