bovis lend lease investor day march 2008 bovis lend lease asia
TRANSCRIPT
Bovis Lend Lease Investor Day March 2008
Bovis Lend Lease Asia Pacific Business OverviewSergio CasariCEO − Asia Pacific
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Business Overview
Bangalore
CHINA
JAPAN
AUSTRALIA
Shanghai
SydneyACT
Melbourne
Perth
Brisbane
Taipei
Tokyo
Osaka
Kuala Lumpur
Beijing
THAILAND
INDIATAIWAN
MALAYSIASINGAPORE
2,300 people in 8 countries
Backlog GPM of A$237.3m (Dec 07)
Operating in Australia since 1951 and Asia since 1973
Australia’s largest commercial and industrial contractor − A$1.6b secured projects (HIA Reed 2006/07)
Over 80% of business from repeat clients
Key sector focuses in commercial, retail, healthcare and pharmaceutical
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Our Value Proposition
We deliver projects of outstanding quality and value by
Integrating design and construction
Applying front end project management capabilities
Working hand in hand with our clients
Benefiting from early supply chain engagement
Leveraging international procurement and best practices
Leading in Safety and in Sustainability
Attracting and retaining the best people
Xilinx, Singapore
ANZ, 833 Collins Street, VIC
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We are fully aligned with our clients’ objectives and provide an end to end property delivery solution
Feasibility and
Capital Structuring
Design and
authority approvals
Procurement and contracts
negotiation
Construction(some design development)
Completionand
handover
Asset andFacility
Management
Traditional Contracting
Bovis Lend Lease Integrated Project Management Design & Construction Model
Project ManagementProduct creation / innovationDesign / sustainabilityValue engineeringCost plan driven designRisk managementLife cycle / operability
Design & ConstructionSupply chain engagement Constructability solutionsSchedule / delivery drivenSafety managementNon adversarial approachQuality assurance
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Our Service OfferingDesign & Construction
Product and value driven solution
Design, procurement and construction occur concurrently, drivingshorter delivery programmes
Pre-planning focus to minimise on-site risks
Integration of tenants and user needs
Cost and quality certainty
420 George Street / Mid City Centre, NSW
30 The Bond, NSW
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Our Service OfferingEPCM* / Construction Management
Maximum flexibility in design developmentprocurement construction
to accommodate client requirements
Full alignment with client interests
Single point of responsibility
Open-book procurement
* Engineering Procurement Construction Management
Sydney International Airport, NSW
Lonza Mammalian Cell Culture Plant 2, Singapore
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Port Botany, NSW
Our Services OfferingProject Management / Consulting
Full alignment of interests
Engaging and managing consultants and contractors on behalf of the client
Monitoring and control of construction outcomes to ensure achievement of pre-agreed outcomes
Acting as the client’s agent to define needs, target and outcomes
Using construction expertise to add value to the client’s products
Petronas Towers, Malaysia
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Asia Pacific30%
Bovis Lend Lease Asia Pacific delivered 30% ofGlobal Backlog GPM December 2007
Source of core competencies
Provides senior management talent
Generates cash
De-risks integrated projects
Creates portfolio balanceRemainder
70%
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EPCM 37%
D&C11%
PM/CM 52%
Asia Pacific Realised GPM by Service TypeDecember 2007
Asia Pacific
Asia
Australia
EPCM10%
Construction Management
11%
Multisites10%
Consulting &Project Management
7%
D&C62%
Construction Management
16%
D&C68%
Multisites13%
ProjectManagement
3%
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Asia Pacific Backlog GPM by SectorsDecember 2007
Commonwealth Bank, NSW
Australian Taxation Office, ACT
Sealed Air Qingpu, China
Healthcare34%Pharmaceutical/Industrial
16%
Other7%
Retail17%
Transport/Aviation7%
Commercial/Office19%
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Key Asia Pacific Current Projects
A$310mSingaporeAbbott Nutritionals Infant Facility
A$1,064mMelbourne, VicRoyal Children’s Hospital
A$377mMelbourne, VicANZ, 833 Collins Street
A$160mSingaporeGenentech Microbial Facility
A$155mSingaporeSomerset Retail Project
A$292mBrisbane, QLDBrisbane International Airport
Robina, QLD
Sydney, NSW
Regional NSW
Sydney, NSW
A$180m Robina Retail Town Centre
A$260m420 George Street/Mid City Centre
A$264mMulwala Redevelopment Project
A$470mTop Ryde Retail
FY2007 FY2008 FY2009 FY2010Value LocationKey Projects
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Strategy Overview
Royal Children’s Hospital, VIC
Somerset Project, Singapore
TBC
BPB / Saint Gobain Factory, India
Continue to specialise in TelecommunicationsFocus on PM services for local and MNC clients
Japan
Focus on Project Management for MNCsWork with local partnersIntroduce Safety and Sustainability
India
Balanced “D&C / EPCM / PM” service portfolioFocus on Project Management for MNCs
China /Taiwan
Retain presence to deliver projects for Multi-national Corporations (MNCs)
Thailand /Malaysia
Continue to focus on Pharma / IndustrialSupport / deliver Lend Lease’s developments
SingaporePharma
Balance of “Private / Public” portfolioContinue to lead and innovate in Safety & Sustainability
Australia