BofA 22nd Annual Sun City Conference - 17 March 2021 - Raubex
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Raubex Group Limited
(Incorporated in the Republic
of South Africa)
Registration number
2006/023666/06
Share code: RBX
ISIN: ZAE000093183
(“Raubex” or “the group”)
BofA 22nd Annual
Sun City Conference
17 March 2021
Agenda • Company overview • Business segments • Geographical footprint • Order book • Project photos • Conclusion • Q&A
Company overview
• Raubex was founded in 1974
• Started as a road construction and bridge building company
• Listed on the JSE in March 2007 under Construction and Materials sector
• Substantial growth through strategic acquisitions post listing
• Operates a vertically integrated model through a number of subsidiaries
• Specialist in all road construction disciplines
• Full road construction cycle
• Growth in the materials supply and mining sector including;
• Commercial quarries, contract crushing and materials handling and processing for the mining
industry
• Diversified into infrastructure disciplines in 2013 including;
• Renewable energy (solar and wind), water, commercial buildings and housing infrastructure
• Operates throughout Southern Africa
• Botswana, Mozambique, Namibia, South Africa, Zambia and Zimbabwe
• Established a footprint in Western Australia in January 2018
• Raubex employs over 7 400 people
Business segments
Materials Division
Business segments
Diamond Gold Iron ore
Materials
Commercial quarries
Contract crushing
Materials handling and
processing for mines
Copper Coal Sand
Aggregates Gypsum Platinum
Roads and Earthworks Division
Full road construction cyclesegments
Business
Road
construction and
earthworks
Earthworks 1 Mobile crushing 2 Compaction 3 Structures 4 Milling 5
Asphalt production 6 Asphalt paving 7 Bitumen 8 Road marking 9 Final product 10
Infrastructure Division
Business segments
Renewable Energy Electrical Infrastructure Commercial Buildings
Infrastructure
Housing Shopping Malls Bridge Structures
Services Infrastructure Mine Infrastructure Water Infrastructure
Geographical footprint
Order book
ORDER
FY15BOOK
Divisional Operating Profit
FY 2020 H1 2021
International 9% SANRAL International
13% 10%
SANRAL
28%
Concessions
17% Private
Private
30% 27%
Concessions
13%
Provincial
Municipal 23% Municipal
7% Provincial
8% 15%
Timing R10,137bn Timing R11,735bn
FY 2021 R6,850bn FY 2021 (6mths) R4,690bn
FY 2022 R2,500bn FY 2022 (12mths) R4,607bn
FY 2023 R0,692bn FY 2023 (12mths) R1,612bn
Beyond R0,095bn Beyond R0,826bn
Order book
Order book trend to 31 August 2020
14 000
12 000
10 000
Rand million
8 000
6 000
4 000
2 000
-
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18 Feb-19 Feb-20 Aug-20
INTERNATIONAL 893 624 843 330 1 678 2 207 2 130 1 903 2 548 1 132 935 1 123
PRIVATE 622 756 740 1 523 1 628 1 769 1 464 1 667 2 490 3 393 3 090 3 226
MUNICIPAL 528 417 495 80 233 485 521 770 685 598 798 784
PROVINCIAL 699 683 436 406 267 615 970 631 291 1 217 2 319 1 807
PARASTATAL 317 311 235 526 719 1 275 1 160 1 255 1 212 1 462 1 720 1 528
SANRAL 1 658 1 586 1 869 2 370 2 025 2 328 2 021 1 808 962 208 1 276 3 266
Significant new awards secured in the second half of FY2021:
• SANRAL: N2 Kwamashu to Umdloti River Bridge R1,43bn
• SANRAL: N3 Cato Ridge to Dardanelles R1,44bn
• SANRAL: R510 Bierspruit to Thabazimbi R458m
• SANRAL: R573 (Moloto Road) Slovo to Siyabuswa R362m
• INTERNATIONAL: Beitbridge Border Post Upgrade in Zimbabwe $172m or ~R2,5bnOpportunities in the renewable energy sector Source: IRP 2019 | Government Gazette 18 October 2019 | page 39 of 94
Project Photos
Raubex Building: Preller Mall Development, Bloemfontein
Raubex Building: Douala Grand Mall in Cameroon
Raubex Building: Riverside View BNG housing units
Raudev: Woodwind Estates Development (871 residential opportunities)
Raubex Infra: Droogfontein PV farm
Raubex Construction: N1-29 Musina Ring Road for SANRAL
Raubex Construction: N1-29 Musina Ring Road for SANRAL
Raubex Construction: N4 Bakwena Platinum Corridor
Tosas: N4 Bakwena Platinum Corridor
B&E International: Crushing for Raubex Construction on N3TC
National Asphalt: Bon Accord fixed plant
B&E International: Crushing for coal mine, Mpumalanga Province
SPH Kundalila: Crushing at Pilansberg Platinum Mine
Raubex Construction: Onslow landfill infrastructure, Western Australia
Conclusion
• The South African government’s economic recovery strategy in response to Covid-19 is encouraging
• Strategy is stated to include “a substantial infrastructure build programme”
• 18 Strategic Integrated Projects including 50 sub-projects have been gazetted
• Raubex is well positioned to participate in the Renewable Energy, Transport and Human Settlements projects
• Work flow from SANRAL has resumed and this will benefit all stakeholders
• A significant increase in tender activity has been observed in recent months
• An increase in construction sector activity should also benefit materials supply operations of the group
• The materials division will continue to diversify the group through its operations in the mining sector
• In southern Africa, the Beitbridge border post upgrade in Zimbabwe reached financial close in
November 2020, this is a major project for the group and works are progressing well
• In Western Australia, the market continues to show good growth prospects as the government also
looks to stimulate the economy through infrastructure spend
• The group’s strong balance sheet and healthy cash reserves position it well for future growth and
participation in the South African government’s infrastructure build programmeQ&A
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