Raubex Group Limited · JSE:RBX
Raubex — Conference Presentation (September 2015)
23 slides from Raubex's conference presentation, September 2015
Slide 1: Investor Conference Presentation
Investor Conference Presentation September 2015
Slide 2: Company overview
Company overview 1
Slide 3: Company overview
Company overview • Raubex was founded in 1974 • Started as a road construction and bridge building company • Listed on the JSE in March 2007 under Construction and Materials sector • Substantial growth through strategic acquisitions post listing • Operates a vertically integrated model through a num
Slide 4: Business segments
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Slide 5: Business segments
Business segments Business segments Cross section of a road Materials Road Commercial quarries construction Contract crushing Material handling and and earthworks processing for mines Infrastructure development Electricity Road surfacing Water Housing and rehab Rail
Slide 6: Full road construction cycle
Full road construction Businesscycle segments Road construction and earthworks Road surfacing and rehab Earthworks 1 Mobile crushing 2 Compaction 3 Structures 4 Milling 5 Asphalt production 6 Asphalt paving 7 Bitumen 8 Road marking 9 Final product 10
Slide 7: Financial review
Financial review 3
Slide 8: Financial review
Financial review Financial review % Annual results 2015 Annual results 2014 Change (R’000) (R’000) Revenue 14.5% 7 245 259 6 325 012 Operating profit (EBIT) 15.2% 622 171 539 875 Operating profit margin 8.6% 8.5% Effective tax rate 29.4% 29.0% Earnings Per Share (cents) 11.6% 213.4 191.3 Dividend Pe
Slide 9: Financial review: Revenue and Operating Profit
Financial review Financial review Revenue (Rbn) Operating Profit (Rm) 8.00 1000 19.4% 900 7.00 19.1% 800 1.96 219 6.00 1.62 700 14.6% 221 8.6% 5.00 1.50 600 178 10.6% 8.5% 1.37 1.02 8.6% 4.00 1.04 500 1.02 20.2% 324 211 259 400 3.00 102 219 5.28 668 4.70 300 574 2.00 0.36 4.13 485 3.56 3.51 3.66 16.
Slide 10: Financial review: Cash generation and Earnings Per Share
Financial review Financial review Cash Generated from Operations (Rm) Headline Earnings Per Share (cents) 1200 350 323.8 300 1000 291.7 964 250 800 853 859 240.2 793 785 751 200 209.1 600 663 187.1 180.1 177.2 150 158.7 400 449 100 110 100 100 83.3 200 71 50 60 60 65 65 199 0 0 2007 2008 2009 2010 2
Slide 11: FY15 Divisional Revenue
Financial review FY15 Divisional Revenue 2015 Divisional Revenue (Rm) Revenue % share 3 000 2 500 2 569 Tosas 2 000 5% 1 961 1 500 Road surfacing 1 464 Materials and Rehab 1 000 27% 36% 863 500 389 - Raubex Infra 12% Road construction 20% Revenue
Slide 12: FY15 Divisional Operating Profit
Financial review FY15 Divisional Operating Profit 2015 Divisional Operating Profit (Rm) Operating Profit % share 350 300 324 250 Tosas 2% 200 Road surfacing 192 and Rehab 150 31% 100 50 55 Materials 7.5% 3.8% 40 4.6% 16.5% 11 2.9% 52% - Road construction 9% Raubex Infra 6% Operating profit Margin
Slide 13: Order book
Financial review ORDER FY15BOOK Divisional Operating Profit 2014 Order book 2015 Order book International International SANRAL 26% 25% 27% SANRAL 31% Parastatal Private 15% Parastatal Private 20% 11% 25% Provincial 4% Provincial Municipal 7% Municipal 3% 6% Timing R6,551bn Timing R8,679bn FY 2015 R4
Slide 14: Road network
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Slide 15: Road network
Road network South African Paved Road Network 100 000 60% 90 000 50% 80 000 70 000 40% 60 000 Km 50 000 30% 40 000 20% 30 000 20 000 10% 10 000 - 0% SANRAL Provinces Municipalties & Metros Km 21 403 47 348 89 373 % 14% 30% 56%
Slide 16: Road network
Road network Source: SANRAL strategic plan
Slide 17: Road network
Road network Source: SANRAL 2013
Slide 18: Materials
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Slide 19: Materials Division
Materials Division • Gauteng • Mobile solutions to • Free State remote sites • North West • Eastern Cape • Botswana Commercial Contract quarries crushing Material handling and Plant hire processing for mining industry • Mining & • Diamonds • Construction • Gold • Copper • Iron ore • Coal
Slide 20: Mining activities
Mining activities Business segments Diamond Gold Iron ore Materials Commercial quarries Contract crushing Material handling and processing for mines Copper Coal Sand Aggregates Gypsum Commercial quarries
Slide 21: Conclusion
Conclusion 6
Slide 22: Conclusion
Conclusion Conclusion • Over 40 years in the construction industry – Experience in managing the cycle • Healthy short term order book secured • Diversified revenue streams – Materials, Roads, Infrastructure • Growth through strategic acquisitions in the materials sector and higher margin contracts i
Slide 23: Questions
Questions 7
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