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Severfield plc Annual General Meeting 2 September 2014
25

Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Jan 13, 2015

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Annual General Meeting Presentation – Ian Lawson, CEO
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Page 1: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Severfield plc

Annual General Meeting

2 September 2014

Page 2: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

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

Page 3: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

3

AGM Statement

Page 4: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

4

CEO’s Business Review Annual General Meeting

2 September 2014

Page 5: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

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

Page 6: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Where we are

Dalton, Thirsk Lostock, Bolton Sherburn, Scarborough

Enniskillen, N. Ireland Bellary, India

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Page 7: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

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

Page 8: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

What we do

Design Fabrication Construction

8

Page 9: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

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

Page 10: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Current tonnage outputs (2013)

Top 12 companies

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

Ou

tpu

t (t

on

nes

)

# William Hare includes output from UAE factory 10

Page 11: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Consistent and quality order book

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Page 12: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Current major projects

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London Bridge Station Canopies 5 Broadgate, London

Page 13: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Current major projects

Manchester Victoria Station

Page 14: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Current major projects

Aldgate Tower, London

Essex Waste to Energy Facility

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Page 15: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Current major projects

Glasgow Smartbridge

Page 16: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Current major projects

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Data Centre, Amsterdam

Page 17: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

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Prospects

New Liverpool Stand, Anfield

Page 18: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Prospects

Ordsall Chord Bridges

Page 19: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Warehouses & Distribution Centres

Prospects

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Page 20: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Casement Park, Belfast

Prospects

Angel Court, London

Page 21: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

India – Work in progress

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• 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

Page 22: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

A new brand

22

Page 23: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

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

Page 24: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

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

Page 25: Severfield - Annual General Meeting Presentation – Ian Lawson, CEO

Thank you