Aveng Limited · JSE:AEG
Aveng — Corporate Update (May 2005)
11 slides from Aveng's corporate update, May 2005
Slide 1: Quarterly Update May 2005
Quarterly Update May 2005 Carl Grim, Chief Executive
Slide 2: January 2005 Trading Update
January 2005 Trading Update • Conditions set out in trading update of 18 January 2005 still relevant • Headline earning for 12 months to June 2005 – Exceed that of previous year by 40% to 60% • Ongoing consultation with attorneys with regard to Marikana
Slide 3: Construction
Construction • Performance to date suggest results for full year will be in line with the half year • Grinaker-LTA now operating in four focused divisions • New risk review management structure starting to have a positive effect • Announcement of Gautrain delayed • Order book at end of March ’05 up
Slide 4: Soccer World Cup & related activities
Soccer World Cup & related activities 2004 2005 Initial delivery Adjusted delayed delivery Award of 2010 World Cup 2006 2007 Unchanged delivery Establishment of L.O.C 2008 2009 Government enabling legislation 2010 Audit of provinces & stadia Design, build and upgrade stadia SAFA infrastructure compl
Slide 5: Anticipated pattern of investment for Soccer World Cup
Anticipated pattern of investment for Soccer World Cup Rm Rm 500 14 000 Adjusted expectations Initial expectations Adjusted Cumulative expectations Initial Cumulative expectations 450 12 000 400 10 000 350 300 8 000 250 6 000 200 150 4 000 100 2 000 50 - - Jan-05 May-05 Sep-05 Jan-06 May-06 Sep-06 J
Slide 6: Steel & Allied
Steel & Allied • Business as usual • Demand experienced since interims is in line with expectations • Mining activities continuing to reflect delays in spending due to strong Rand
Slide 7: Holcim
Holcim • Cumulative cement sales continued to increase in Q1 2005 – 5.1% year-on-year increase from Q1 2004 • DK2 R150m capex to comply with environmental regulations • Capacity expansion alternatives are being reviewed
Slide 8: Industry Regional Cumulative Monthly Average (tons)
Industry Regional Cumulative Monthly Average (tons) 52 000 47 000 42 000 37 000 32 000 2001 2002 2003 27 000 2004 2005 22 000 Apr Aug May Nov Oct Jan Feb Jun Sep Jul Mar Dec
Slide 9: Update - Construction Charter
Update - Construction Charter • Industry stakeholders involved in Charter – Contractors and Built Environmental Professionals – Unions – Government • Charter will address transformation through – Charter document – Scorecards – Reporting and monitoring • Progress – Preliminary quantitative charter d
Slide 10: Finalisation of Charter is key
Finalisation of Charter is key • Developing common understanding of scorecards • Agreement on weightings and targets • Reporting and monitoring framework • Establishing arrangements to monitor and control the process going forward • Issuing the Charter as a code of practice by the DTI The shares hel
Slide 11: Conclusion
Conclusion • Headline earnings for 2005 financial year will be between 40% and 60% higher than in previous financial year – In line with January 2005 trading update • Conditions for second half have an element of uncertainty – Marikana dispute • Persistent Rand strength having an impact – Internatio