Severfield - Annual General Meeting Presentation – Ian Lawson, CEO
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Transcript of Severfield - Annual General Meeting Presentation – Ian Lawson, CEO
Severfield plc
Annual General Meeting
2 September 2014
John Dodds Chairman
Ian Lawson Chief Executive Officer
Ian Cochrane Chief Operating Officer
Alan Dunsmore Finance Director
Derek Randall Executive Director & Managing Director at JSW Severfield Structures Ltd
Kevin Whiteman Non-executive Director & Senior Independent Director
Tony Osbaldiston Non-executive Director & Chairman of Audit Committee
Alun Griffiths Non-executive Director & Chairman of Remuneration Committee
Chris Holt Non-executive Director
Mark Sanderson Company Secretary
2
Welcome and introduction to the Board
3
AGM Statement
4
CEO’s Business Review Annual General Meeting
2 September 2014
What we are
• Severfield is the UK's premier structural steel company
• We are the largest structural steel business in the UK and
one of the biggest in Europe
• We are a business built on the pride, passion, and quality
of our people
5
Where we are
Dalton, Thirsk Lostock, Bolton Sherburn, Scarborough
Enniskillen, N. Ireland Bellary, India
6
What sets us apart?
• Our markets and our position within them
• Our capability and people
• Our stability and capacity
• A strong platform for growth
7
What we do
Design Fabrication Construction
8
The UK market (2013)
• Current estimated UK capacity – 1,000,000 tonnes
• Total UK production of constructional steelwork – 848,000 tonnes
• Our current addressable market – 500,000 tonnes
• Our current share of UK market – 90,000 tonnes
• Our potential capacity – 150,000 tonnes
9 Source: BCSA
Current tonnage outputs (2013)
Top 12 companies
0
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20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
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# William Hare includes output from UAE factory 10
Consistent and quality order book
11
Current major projects
12
London Bridge Station Canopies 5 Broadgate, London
Current major projects
Manchester Victoria Station
Current major projects
Aldgate Tower, London
Essex Waste to Energy Facility
14
Current major projects
Glasgow Smartbridge
Current major projects
16
Data Centre, Amsterdam
17
Prospects
New Liverpool Stand, Anfield
Prospects
Ordsall Chord Bridges
Warehouses & Distribution Centres
Prospects
19
Casement Park, Belfast
Prospects
Angel Court, London
India – Work in progress
21
• Factory capacity 60,000 tonnes
• Current order book - £34m / 34,000t
• Challenging market
• Election outcomes
• Views in the market
• Our partner JSW
• Current strategy
OPG Power Station
JSSL Facility, Bellary
A new brand
22
Proud of our past:
Positioning for our future
Our Vision:
To be leaders in structural steel, creating a legacy for future
generations through world class engineering and design
excellence.
23
Our Values:
• SAFETY
• INTEGRITY
• CUSTOMER FOCUS
• COMMITMENT
A strong platform for growth
A Clear Strategy 24
• The business is in a much improved state from 12 months ago
• We have unrivalled capabilities which puts us in prime position as the
economy starts to improve
• Our facilities are the best in the UK and possibly Europe
• In the UK there are areas and sectors of the market where our market
share can possibly be improved
• There are potential opportunities for growth in Europe
• We have a very skilled and dedicated workforce
• We have appointed new non-executive directors to make us both
compliant and to inject fresh ideas and support into the business
• Strong differentiating brand and clear purpose and direction for the
company
• UK markets showing signs of growth
Thank you