north west shelf conference november 2011 - … · scaffolding pty ltd perth metro (wa) south west...
TRANSCRIPT
By managing a wide range of essential on-site services,
GCS provides a co-ordinated approach to safety, performance
and reliability. By working in partnership with our clients,
we analyse the project and allocate the relevant multi-skilled
operatives to ensure cost and efficiency savings can be made
without compromising on quality and safety.
MARKET LEADER
Global Construction Services Limited (GCS) is a proudly owned and managed, Australian construction and maintenance services company that offers a diverse range of integrated products and services:
• Specialised workforce and site services
• Scaffold and access
• Shutdown and maintenance support
• Plant and equipment
• Formwork and concreting
• Site accommodation
• Design and Engineering
SERVICES & MARKETS
PLANNING SITE
ESTABLISHMENT CONSTRUCTION OPERATIONS
Design Development
Estimating
HSE Systems
Project Implementation
Traffic Management
Temporary Fencing
Temporary Offices
Temporary Ablutions
Temporary Lighting & Power Generation
Site Canteens
HSE Systems
Scaffolding
Formwork
Concrete Pumping
Concrete Placement
General Equipment Hire
Material Hoists
Window and Curtain Wall Installation
Specialist Painting
Specialist Workforce
HSE Management
Access Solutions
Maintenance
Shutdowns
Specialist Workforce
We service Infrastructure, Energy, Oil & Gas, Resources and Industrial,
Commercial and Residential Sectors of the market.
GCS has the infrastructure and operational flexibility to service clients in our key markets.
CURRENT BRANCH LOCATIONS
ORGANISATIONAL STRUCTURE
GLOBAL CONSTRUCTION
SERVICES LIMITED
PARENT COMPANY
Ph: 139 GCS (139 427) Ph: 1300 653 146
GCS STRUCTURE
GCS RAPID
ACCESS PTY LTD
Perth Metro (WA)
South West (WA)
Commercial &
Industrial Scaffolding,
Formwork, Timber &
Plywood
Hire, Sales & Labour
GCS BUDGET
PORTABLES
PTY LTD
North West (WA)
Perth Metro (WA)
South West (WA)
Site Offices,
Ablutions, Sea
Containers, Cement
Sheds, Site Toilets
Hire & Sales
GCS HIRE
PTY LTD
North West (WA)
Perth Metro (WA)
South West (WA)
General Plant &
Equipment Hire
Hire & Sales
NEWAVE
CONTRACTING
PTY LTD
Perth Metro (WA)
Commercial Concrete
Supply & Lay
GCS CONCRETE
PUMPING
PTY LTD
Perth Metro (WA)
Commercial
Concrete Pumping
GCS
NORTHWEST
PTY LTD
North West (WA)
Scaffolding,
Formwork, Timber &
Plywood,
Site Offices, Ablutions
Hire, Sales & Labour
CASC
CONSTRUCTIONS
PTY LTD
Perth Metro (WA)
Commercial
Formwork
Contracting
Ph: 139 GCS (139 427)
GCS SECURITY
SCAFFOLDING
PTY LTD
Perth Metro (WA)
South West (WA)
Residential
Scaffolding, Hoists,
Temporary Fencing,
Chemical Toilets,
Sewer Toilets, Site
Lockers
Hire, Sales & Labour
GIS STRUCTURE
GLOBAL (RAPPEL)
ROPE ACCESS &
RIGGING
Australia Wide
Rope Access
Specialists
IRATA accredited
GLOBAL
SPECIALISED
PAINTING
North West (WA)
Perth Metro (WA)
South West (WA)
Specialist Painting
Workforce & Services
GLOBAL HUMAN
RESOURCES (WA)
Western Australia
Labour Hire, Skilled &
Semi-skilled Trades
People, Safety Training
GLOBAL HUMAN
RESOURCES (QLD)
Queensland
Labour Hire, Skilled &
Semi-skilled Trades
People, Safety Training
GLOBAL TRAFFIC &
SAFETY
North West (WA)
Perth Metro (WA)
South West (WA)
Traffic Planning, Road
Closures, Access
Management
GLOBAL ACCESS &
RIGGING
North West (WA)
Perth Metro (WA)
South West (WA)
Specialist Workforce &
Services for Scaffold &
Rigging
GLOBAL WINDOWS &
FACADES
Australia Wide
Large Scale Glass,
Aluminium, & cladding
Installation
Ph: 1300 653 146
CORPORATE HIGHLIGHTS FY11
• The acquisition of specialised labour hire company Global Industrial Services
(Aust) Pty Ltd in June 2011 diversifies and opens up significant opportunities
to GCS through a more comprehensive packaged offering to customers in
key markets.
• Strategic 50% investment in SmartScaff Pty Ltd provides GCS immediate access
to the East Coast of Australia through an experienced management team.
• Strengthened management team through the appointment of new high calibre
executives to focus GCS on the pipeline of growth opportunities.
• After an outstanding performance in FY11, GCS is strongly placed to capture
significant new contract awards in FY12 and beyond on the back of increased
activity in civil construction and burgeoning demand for services to support
expansion in the Oil & Gas and Resources sector.
OPERATIONAL HIGHLIGHTS FY11
Commercial Division
• The Commercial Division performed strongly underpinning the FY11 result.
• Achievement of key milestones on major projects, including the $79 million
Fiona Stanley Hospital project.
• Greater contributions from the general plant hire division GCS Hire, which has
expanded its geographical footprint.
• Consistent growth in Temporary Site Accommodation business.
OPERATIONAL HIGHLIGHTS FY11
Residential Division
• Increased market share in a price sensitive market.
• Superior product offering, experienced management and customer focus
is a key point of differentiation, providing a competitive advantage in this
mature market.
• Additional investment in modernisation of key equipment including material
hoists, site lockers, and transportable site toilets and amenities.
• Upgrading of logistics capability to meet increasing demand.
OPERATIONAL HIGHLIGHTS FY11
Resources and Industrial Division
• Activity levels continue to improve with a significant pipeline of opportunities.
• Geographical footprint of the general plant hire division. GCS Hire has
expanded into the Northwest & Midwest of Western Australia increasing
exposure to the Resources, Oil & Gas and Energy sectors.
• Robust market in Temporary Site Accommodation with significant expansion in
the fleet in 2011 to meet ongoing demand.
• Increased opportunities to leverage and package a greater range of service
offerings including specialised labour services through the acquisition of Global
Industrial Services Limited (GIS).
OUTLOOK FOR FY12
• Looking ahead to 2012 and beyond the prospects for GCS remain buoyant
however the group is alert to uncertainty in the global economies and their
potential bearing on Australia.
• We envisage FY12 earnings to be in line with the FY11due to the delays in the
start up of a number of new projects across all sectors.
• The Group is confident of an uplift in earnings from FY13 and onwards as a
result of anticipated project awards during FY12.
• GCS Group remains committed to its Growth Strategy.
GROWTH STRATEGY
• Continue to leverage strong position in WA economy whilst commencing
expansion into the East Coast via strategic investment in SmartScaff Pty Ltd.
• Diversify into related industries and sectors.
• Maintain a disciplined approach to acquisitions, targeting businesses that are:
• profitable, with growth potential
• synergistic with GCS’s existing operations
• earnings accretive
• Continue to deliver organic growth.
INVESTMENT CASE
• GCS Group’s expansion into the East Coast via it 50% shareholding in SmartScaff Pty Ltd will allow the company the opportunity to now compete on a National basis.
• GCS provides exposure to the high growth Western Australian and Queensland economies.
• GCS has consistently delivered results in line with market expectations since listing in 2007
• GCS is confident of tendering contract opportunities in the Commercial and Resource & Industrial sectors taking advantage of in excess of $100 billion of committed resources and infrastructure projects in Western Australia alone.
• Currently undervalued by comparison to other ASX listed companies in similar
markets.
TOP 20 SHAREHOLDERS 2 November 2011
Rank Name Units % of
Units
1. MR VINCENZO DANIELE GULLOTTI <VINCENZO GULLOTTI FAMILY A/C> 9,096,798 7.83
2. NATIONAL NOMINEES LIMITED 9,075,618 7.81
3. MAJICYL PTY LTD <THE BASSO INVESTMENTS A/C> 8,417,552 7.25
4. PIPERLAKE PTY LTD <SERTORIO FAMILY A/C> 7,878,788 6.78
5. CASC SERVICES PTY LTD <THE CHIARI USED UNIT A/C> 6,282,622 5.41
6. J P MORGAN NOMINEES AUSTRALIA LIMITED 6,219,714 5.35
7. MR ANTONIO FORTUNATO MULTARI <THE TONY MULTARI A/C> 5,027,917 4.33
8. CITICORP NOMINEES PTY LIMITED 4,514,906 3.89
9. MEADOWVIEW INVESTMENTS PTY LTD <THE LIVSM FAMILY A/C> 3,860,918 3.32
10. LUFORM PTY LTD <THE USED FAMILY NO 2 A/C> 3,482,584 3.00
11. OKELANE HOLDINGS PTY LTD <SJMK FAMILY NO 2 A/C> 3,475,558 2.99
12. FOSHAN PTY LTD <GEORGE CHIARI FAMILY A/C> 3,183,042 2.74
13. SUJO PTY LTD <PRIMO CHIARI FAMILY A/C> 3,183,042 2.74
14. MR NEIL JAMES BRIGHT <BRIGHT FAMILY A/C> 2,407,738 2.07
15. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 2,076,967 1.79
16. MR GRAEME EDEN HEARN <HEARN FAMILY A/C> 1,941,292 1.67
17. CITICORP NOMINEES PTY LIMITED <COLONIAL FIRST STATE INV A/C> 1,848,040 1.59
18. BOND STREET CUSTODIANS LTD <MACQUARIE SMALLER CO'S A/C> 1,628,549 1.40
19. COGENT NOMINEES PTY LIMITED 1,557,788 1.34
20. AUSTRALIAN EXECUTOR TRUSTEES LIMITED <NO 1 ACCOUNT> 1,505,520 1.30