Basel III Disclosures for Financial Year ending 31st, March 2016
Preliminary Results for the 12 months ending 31st December ...
Transcript of Preliminary Results for the 12 months ending 31st December ...
Preliminary Results for the 12 Months Ending 31Preliminary Results for the 12 Months Ending 31stst December 2006December 2006
T.Clarke
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Presentation TeamPresentation Team
Pat StanboroughChief Executive
John DalyFinance Director &Company Secretary
Mark LawrenceManaging DirectorLondon Operations
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HighlightsHighlights
• Turnover £186M (£194M 2005)
• Adjusted profit before exceptionals £7.07M (£7.55M 2005)
• Profits Before Tax £6.57M (£8.55M 2005)
• Earnings Per Share 11.30p (14.30p 2005)
• Final Dividend Increased by 5% to 7.35p (7.0p 2005)
• Cash as at 31st December 2006 Increased to £5.2M (£4.8M 31st December 2005)
• Forward order book of £210M (£165M 2005) £170M to be completed in 2007
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Simon Rawlinson, Davis Langdon “Office projects in London accounted for 40 percent of all new orders placed during the last nine months of 2006.”
Mr Rawlinson warned that only a handful of big contractors and proven specialist contractors would cash in on the London office boom. He said “It looks like the industry is splitting into two tiers. On jobs below £50 million there will be a lot of competition, but the small pool of big contractors will have the market to themselves and will be able to dictate terms.”
Office Boom ‘Until 2010’Office Boom ‘Until 2010’
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HighlightsHighlights
London Operations Regional Business
Revenue £80M (2005: £92M) £106M (2005: £104M)
Operational Profit £3.7M (2005: £2.4M) £2.86M (2005: 4.65M)
Margin 4.6% (2005: 2.8%) 2.7% (2005: 4.5%)
Order Book £110M (2005: £75M) £100M (2005: £90M)
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5 Year Record5 Year RecordTurnover£ 000s
£143
,990
£143
,265
£156
,627 £1
93,7
29
£186
,334
£0
£25,000
£50,000
£75,000
£100,000
£125,000
£150,000
£175,000
£200,000
2002 2003 2004 2005 2006
Earnings per share
18.6
8p
15.6
0p
10.9
5p
14.3
0p
11.3
0p
0p
4p
8p
12p
16p
20p
24p
2002 2003 2004 2005 2006
13.3
9p *
Ordinary dividends per share
8.33
p
9.00
p 10.0
0p
10.5
0p
11.0
25p
0p
2p
4p
6p
8p
10p
12p
2002 2003 2004 2005 2006
Profit before tax£000s
£10,
796
£8,9
40
£6,8
83
£8,5
54
£6,5
76
£0
£2,000
£4,000
£6,000
£8,000
£10,000
£12,000
2002 2003 2004 2005 2006
£7,7
87 *
* Restated in line with IFRS
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StrategyStrategy
• Small Executive Board
− Strong local management and identities− Financial controls and reporting enhanced− Management changes across the Group now in place
• Adding value to Business
− Continued focus on UK− Controlled organic growth− Possible acquisitions – although none actively being pursued
• Continued investment in training skilled operatives
• Focus on repeat business, frameworks, or negotiated work where possible
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London AppointmentsLondon Appointments
Pat StanboroughChief Executive
John DalyFinance Director & Company Secretary
Barry DeFalcoManaging Director
UK Regions
Mark LawrenceManaging Director London Operations
Mike CrowderDirector
London Operations
Jim BryanDivisional Director
Paul BrownDivisional Director
Regional Subsidiary Companies
Executive Board
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Regional AppointmentsRegional AppointmentsAdditional Director promoted to assist with planned growth of the Business
New Managing Director appointed
Resignation of Joint Managing Director (Business Development)Now single Managing Director (Operations)
Additional Director appointed to assist with planned growth of the Business
New Managing Director appointed
Peterborough
Kings Lynn
Derby
Preston
Sittingbourne
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Nationwide CoverageNationwide Coverage
• 1600 Skilled Operatives • 300 Apprentices• 15 locations across the UK
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Turnover AnalysisTurnover AnalysisBy Subsidiary
T.Clarke plc 42%
T.Clarke Bristol 6%
T.Clarke Midlands& Kestrel 7%
GDI 2%
AG Aylward 7%Anglia 2%
Mitchell & Hewitt 8%
SCS 7%
JJ Cross 3%
Waldon 3%WE Manin 3%
Veale-Nixon 4%
H&C Moore 6%By Sector
Residential 12%
Industrial 9%
Other 3%
Healthcare 9%
Education 13%
Retail 13%
Government /Local Authority 13%
Commercial New Build 11%
Rail 5%
Data Centres 1%
Commercial Fit Out 10%
Media & Communications1%
By Subsidiary
T.Clarke plc 47%
T.Clarke Bristol 4%
T.Clarke Midlands& Kestrel 7%
GDI 2% AG Aylward 6%
Anglia 2%
Mitchell & Hewitt 7%
SCS 6%JJ Cross 3%
Waldon 2%
WE Manin 3%
Veale-Nixon 5%
H&C Moore 6%
2006 2005
By Sector
Residential 12%
Industrial 5%
Other 3%
Healthcare 10%
Education 6%
Retail 6%
Government /Local Authority 17%
Commercial 33%
Media /Communications 8%
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OperationsOperations
BUSINESS REVIEWT.Clarke
London
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Major ContractorsMajor Contractors
10
20
7
51
15
3
7
2
6
14
0
3 4
1 1 0
£0
£10
£20
£30
£40
£50
£60
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Rob
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Ove
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Kie
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allis
Tayl
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£ M
Value of Work by 'Project Value' Value of Work Completed
Value in £M
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London OverviewLondon Overview
Chiswick Park
Westfield London
Imperial College
Unilever House
Nomura 201 Bishopsgate /Broadgate Tower
Allen & Overy
Shell Centre
Queen Street Place O Arena / Water Front
CSFB
Bank of America
RBS Aldgate UnionMizuho Bank
Bank of America,Croydon
² The Mall, Maidstone
Deutsche Bank, Hayes
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Westfield LondonWestfield LondonCardinal Place
VictoriaBroadgate Tower
& 201 Bishopsgate
Secured • Contract sum re-negotiated with Westfield Shopping Towns
• Project value for retail development circa £50m
• 200+ Electricians required
• Completion October 2008
• £11m LUL Sidings completed
Opportunities – Retail ‘Fit Outs’
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O ArenaO Arena
Due for completion Summer 2007
Current contract sum £25 million
150+ Electricians on site at peak
²
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RailRail
Completed: - Queensway Station, assisted close out- Traction Power, White City- LUL Sidings, White City
Opportunities - DLR 3 Car Upgrade- DLR Stratford Station- Baker Street Station- LUL Step Free Access
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Future Prospects Future Prospects -- LondonLondon
1 New Change *“Walkie Talkie Tower” *
Croydon GatewayBishopsgate TowerMark Lane8-10 MoorgateWarwick PlazaBSKYB
Ropemaker Place *Leadenhall Building *
Fit Outs201 BishopsgateBroadgate Tower
OthersShard of GlassCromwell StreetMilton CourtTrinity Gardens
Canary Wharf
* Currently bidding / in discussion
DS3 East DS3 West (KPMG)BP2
Bishops Place Paddington TriangleShoreditch High Street
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OperationsOperations
BUSINESS REVIEWUK REGIONS
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John LewisJohn Lewis
John Lewis hails ‘stunning year’
Charlie Mayfield, John Lewis said “he hoped to double the size of the business over the coming decade.
The group has plans to open another 13 department stores –with scope for a further 10.
It will also open nearly 30 more Waitrose supermarkets by 2010.”
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Regional RetailRegional Retail
GRAND ARCADE, Cambridge
53,000 Sq Ft Retail Development
Due for completion October 2008
27 Projects completed in 2006
15 further opportunities in 2007
JD SPORTS
4 Stores completed in 2006
9 further opportunities in 2007
ATS CENTRES
5 completed in 2006
12 further opportunities in 2007
DRAKES CIRCUS, Plymouth
530,000 Sq Ft Retail Development
Opened October 2006
BROADMEAD, Bristol
Car Park Lighting Scheme
Due for completion August 2008
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ScotlandScotland
Acquired in 2005
Turnover at acquisition £11M
Target Turnover 2007 £17M
Commercial Division Created
Industrial Divisional Expanded
Less dependant on Housing Sector
Plans to expand Aberdeen Office
Golden Jubilee Hospital, Clydebank
Broxden Office Development, Perth
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OpportunitiesOpportunitiesClegg - Kerry GoldMace - Wilton Plaza *Vinci - Sinfin SchoolMansell - Devonshire St
Waitrose StoresM. O. DefenceMarks and Spencer
Paradise St, Lighting, LiverpoolPreston Royal HospitalFloral Hall, SouthportGuide Dog Home, Development
Trewarthenick HouseTesco MaintenanceCornwall County Council
The Grand Theatre, Phase 2Home Farm Office DevelopmentSheffield Fire StationImmingham Academy
ABN Amro 199 BishopsgateKia Infrastructure UpgradesDeutsche Bank, Various
BOC Edwards, N. SomersetWMC Cardiff BayRed Kite 2 Wallingford
Mcgoff & ByrneJD SportsPeel HoldingsMcCarthy & Stone
Excelsior AcademyVictoria HallsHaymarket MetroStrawberry Place
Stevenage Borough Council Decent Homes
Arbury Park Residential Development, Cambridge
South Essex Decent Homes Programme
* Secured
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Company Information
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CHAIRMAN
RUSSELL RACE
CHIEF EXECUTIVE OFFICER
PAT STANBOROUGH
NON EXECUTIVE DIRECTOR
BEVERLEY STEWART
NON EXECUTIVE DIRECTOR
LEN ARNOLD
MANAGING DIRECTOR UK REGIONS
BARRY DEFALCO
MANAGING DIRECTOR LONDON OPERATIONS
MARK LAWRENCE
EXECUTIVE DIRECTOR
MIKE CROWDER
REGIONAL COMPANIES
FINANCE DIRECTOR
JOHN DALY
DIVISIONAL DIRECTOR
JIM BRYAN
DIVISIONAL DIRECTOR
PAUL BROWN
TECHNICAL DIRECTOR
MIKE ENTICOTT
TECHNICAL DIRECTOR
BARRIE NIGHTINGALE
PLC BOARD
LONDON OPERATIONS
Key StructureKey Structure
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London OperationsLondon Operations
EXECUTIVE DIRECTOR
MIKE CROWDER
DIVISIONAL DIRECTOR
JIM BRYAN
DIVISIONAL DIRECTOR
PAUL BROWN
TECHNICAL DIRECTOR
MIKE ENTICOTT
TECHNICAL DIRECTOR
BARRIE NIGHTINGALE
ENGINEERING DEPARTMENTS
IAN LEDDY
SEAN LONERGAN
DANNY NIGHTINGALE
JOE WHIPP
ALISTAIR MINT
MARK HOARE
ENGINEERING DEPARTMENTS
DAVE BENHAM
TONY CLARKE
ALAN MORGAN
CHRIS RICHARDS
ENGINEERING DEPARTMENTS
ROBIN AVES
ANDY CHESHIRE
RICHARD PEMBROKE
BILL DALTON
ENGINEERING DEPARTMENTS
CHARLIE CORK
NIGEL MOYNIHAN
BRENDAN REEDY
RICHARD SANDERS
STEVE MORRIS
DANNY BRYAN
TECHNICAL DIRECTOR (DESIGN)
MARK PRESTON
H.R. DIRECTOR
ALAN CROZIER
SAFETY
PAUL STRAFFON
COMMERCIAL DIRECTOR
ANDY GRIFFITHS
SURVEYING
BUYING
I.T.
TECHNICAL SERVICES MANAGER
MARTIN THOMAS
ESTIMATING
KIERON GORVAN
MANAGING DIRECTOR LONDON OPERATIONS
MARK LAWRENCE
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Regional BoardRegional BoardBarry DeFalcoT.Clarke plc
Managing Director – UK Regions
Ray WhiteA.G. Aylwards (EMS) Ltd
Roy HutchinsonVeale-Nixon Ltd
Trish MeakinH&C Moore Ltd
Kevin BonesT.Clarke Midlands Ltd
David PeckMitchell & Hewitt Ltd
Martin SwanSCS Building Services Ltd
Pat JacksonW.E. Manin Ltd
Trevor WallerWaldon ElectricalContractors Ltd
David CookeGDI Electrical Company Ltd
Alan HammondJ.J. Cross Ltd
Nick KnowlesKestrel Electrical
Systems Ltd
Ellis JohnT.Clarke Bristol
Alastair BarrettAnglia Electrical
Services Ltd