tcl agm presentation 29 may 2014- final v1 ... -...
TRANSCRIPT
INVESTING IN AFRICA
TransCentury AGM Presentation 29 May 2014
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• Where we are today: TransCentury’s Infrastructure Focus
• What we achieved in 2013: Highlights and Financial Performance
• What has happened since year end: 2014 Post Balance Sheet Events
• What are our future plans: 2014-2016 Infrastructure Projects
Strong growth trajectory over past 7 years
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Total Assets Net assets value
EBITDA Revenue
$31m
$67m $83m
$71m $84m
$126m
$157m
$137m
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
$46m
$120m $104m $115m $139m
$264m $254m $276m
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
$23m
$46m $40m $46m $66m
$130m $140m
$153m
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
$14m
$21m $19m
$15m $18m
$23m
$30m $26m
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
CAGR: +24%
CAGR: +9%
CAGR: +30% CAGR:
+29%
Power infrastructure Engineering
TransCentury’s Infrastructure Focus
TransCentury
Infrastructure Projects
• Electrification Play: Consolidation of electrification business under a common Group CEO
• Energy and Transportation /logistics play: Critical Energy and transport infrastructure to support key pillars of the domestic and export economy
• Oil & Gas Services Play: Specialised engineering, logistics and EPC contracting for the Oil & Gas, Power and Mining sector
Strategic Focus
• E.A.Cables – manufacture aluminium & copper cable
• Tanelec TZ– transformers, switchgear etc.
• Tanelec Zambia – Mining Services
• Kewberg - specialty cables manufacturer
• CDC – manufacture copper cables
• Leading manufacturer and supplier of cables and transformers for electrification projects
• Part of a consortium awarded a 35MW Geothermal Power Generation Plant in Menengai in Kenya. Power Purchase Agreement (PPA) already initialled
• Strong pipeline of other
similar infrastructure concessions across East Africa in Energy and Transportation Infrastructure in particular
• Civicon – Civil, mechanical engineering, cranage & erection and logistics
• AEA – Weigh Bridges, generators , bearings, sub-stations
• Already serving Tullow Oil and TOTAL in Kenya and Uganda respectively who are the two largest Oil & Gas exploration players in the Region
Business activities
Libya
Tunisia
Algeria
Morocco
Guinea Bissau
Mauritania
Egypt
Chad
Niger Eritrea
Central African Republic
Nigeria
Mali
Senegal
Liberia
Togo
Cameroon
Ethiopia Somalia
Djibouti Gambia
Sierra Leone
Guinea
Ivory Coast
Benin
Democratic Republic of Congo
Uganda
Gabon Kenya
Burkina
Ghana Equatorial Guinea
Congo Rwanda
Tanzania
Mozambique Angola
Zambia
Burundi
Malawi
Botswana
Zimbabwe Namibia
South Africa
Lesotho
Swaziland
Madagascar
Sudan
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Operating Companies
Sales offices/agents
JHB, South Africa • Speciality cables –
instrumentation, mining and control cables
KITWE, Zambia • Turnkey electrical projects • Electrical Engineering/
products • Industrial Products
KINSHASA, DRC • Copper – house wires • Copper – armored cables
NBO, Kenya • Low voltage vopper cables (D) • Aluminum conductors (D) • Medium Voltage Cables (T) • Data Cables
Arusha, Tanzania • OEM Transformers • Repairs • Switchgear
DAR, Tanzania • Low voltage copper cables (D) • Aluminium conductors (D) • Enamel winding wire (D)
Manufacturing plants
Countries covered by:
Geographical presence in Power
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Madagascar
Libya
Tunisia
Algeria
Morocco
Guinea Bissau
Mauritania
Egypt
Chad
Niger Eritrea
Central African Republic
Nigeria
Mali Senegal
Liberia
Togo
Cameroon
Ethiopia Somalia
Djibouti Gambia
Sierra Leone
Guinea
Ivory Coast
Benin
Democratic Republic of Congo
Uganda
Gabon Kenya
Burkina
Ghana Equatorial Guinea
Congo Rwanda
Tanzania
Mozambique Angola
Zambia
Burundi
Malawi
Botswana
Zimbabwe Namibia
South Africa
Lesotho
Swaziland
Established Offices Areas of Operations
CIVIL ENGINEERING South Sudan: Road construction, maintenance – over 4,000 kms of road built
MECHANICAL ENGINEERING Kenya: Construction of Ormat Geothermal plant in Naivasha
LOGISTICS Uganda: Transport of brewery vessels
Northern Sudan
Southern Sudan
Northern Sudan
Selected projects in various countries
CRANAGE & ERECTION Rwanda: Construction of a 25MW HFO plant in Kigali
CIVIL ENGINEERING Congo: Mining services for a 5.6 million ounce mine
Geographical presence in Engineering
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• Where we are today: TransCentury’s Infrastructure Focus
• What we achieved in 2013: Highlights and Financial Performance
• What has happened since year end: 2014 Post Balance Sheet Events
• What are our future plans: 2014-2016 Infrastructure Projects
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Key achievments in 2013 – (2 of 2) Key Achievements in 2013 – (1 of 2)
• Cableries du Congo • Duty exemption for Copper imports • Frame contract with SNEL
• Tanelec Tanzania, Zambia and Uganda • Improved sourcing of raw materials • Investment in plant & machinery to improve
capacity & efficiency • New repair facility opened in Uganda for Umeme
• East African Cables: • Investment in plant & machinery to expand
product offering and improve efficiency • New site for expansion • New legistlation requiring 40% local content in
Kenya • Kewberg cables & braids
• New factory layout and investment in plant & machinery to improve capacity & efficiency
Cables Transformers Switch gear Generators Contracting Projects
• Overhead Conductors
• Power & Control • Specialty & Design • Building Wire • Data &
Communication • Instrumentation &
Control Cables • Mining Cables
• Distribution transformers
• Power transformers
• Transformer Servicing
• Low voltage Switchgear
• Medium voltage Switchgear
• Automation & Control Products
• SDMO Generators • Power Source • Yor Power
Generators
• Distribution & Transmission Lines
• Substations Focu
s A
reas
:
Key achievements in Power in 2013
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Kenya
• Construction of well pads in Northern Kenya for Tullow Oil to facilitate market leading Oil Exploration in Kenya
• Building of a new mine in Kwale for Base Titanium
• Expansion of Geothermal Power Station in Navaisha for Ormat to a capacity of 125MW
Uganda
• Construction of well pads in Pakwatch and North Nile for TOTAL E&P
• Construction of well pads in Lake Albert Basin for Tullow Oil
• Construction of new fuel storage depot in Kampala for Vivo Energy
Tanzania and Zambia
• Construction of Chemical Storage Tank Farm in Mtwara for Solvochem to support Off shore Gas exploration
• Construction of Power Lines to support New Mine development in Zambia’s Copper Belt
• New franchise dealership for Emerson to distribute products to the mines
DRC, Rwanda and S. Sudan
• Construction of 500km’s of roads and 3 new Gold mines including 2nd largest Gold Mine in Africa
• Construction and outfitting of Methane Gas Power Barge on Lake Kivu in Rwanda
• Construction of a fuel storage depot for Tristar in Malakal in S. Sudan
Key achievements in Engineering in 2013
Case Example - Delivering large scale mine
• New Mine Build • 8 month build duration • 800 personnel on site at peak • On site construction camp • High performance construction management • High performance HSE Management - LTI/Environmental incident free
Kwale Mineral Sands Project – Kwale, Kenya
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• Where we are today: TransCentury’s Infrastructure Focus
• What we achieved in 2013: Highlights and Financial Performance
• What has happened since year end: 2014 Post Balance Sheet Events
• Where are we headed: 2014-2016 Infrastructure Projects
• TransCentury exited its investment in Rift Valley Railways in March 2014 realising USD 43.7 million from the sale of its 34% stake in KU Railways Holding Limited
• The proceeds from the Rift Valley Railways sale are being re-deployed towards the following:
(A) Growth Capital: Funds will be invested to support investments in plant and machinery across the various plants in Kenya, Tanzania, Zambia and South Africa (B) Greenfield Infrastructure Projects: Investment into a new 35MW Power Plant in Menengai, Kenya with a PPA already initialed (C) Debt reduction: Reduction in the Company’s bank borrowings
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2014 Post Balance Sheet Events
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• Where we are today: TransCentury’s Infrastructure Focus
• What we achieved in 2013: Highlights and Financial Performance
• What has happened since year end: 2014 Post Balance Sheet Events
• Where are we headed: 2014-2016 Infrastructure Projects
• TransCentury is developing high return Infrastructure Projects in partnerships with key technical partners and has a strong pipeline of projects in excess of $500m of equity
• Projects phased in 2014, 2015 and 2016 and focused on Power, Engineering and other Infrastructure projects.
• TransCentury will add value by originating, building and operating
infrastructure projects along with technical partners • Menengai 35MW Geothermal Power Station is the first such Project and will be built in 2014/2015 with the Power Purchase Agreement (PPA) already initialed
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2014 to 2016 Infrastructure Projects