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SRG GLOBAL LIMITED — AGM Information 2007
Nov 28, 2007
65852_rns_2007-11-28_69187b37-ee2d-47f2-af21-9990cb052f97.pdf
AGM Information
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ASX ANNOUNCEMENT 29 NOVEMBER 2007
Annual General Meeting Presentation
Construction services group Global Construction Services (ASX: GCS, "GCS Group") please find attached the presentation made at today's Annual General Meeting by GCS Group Managing Director, Mr Enzo Gullotti.
-ENDS-
Or visit: http://www.gcs-group.net
About GCS Group
GCS Group (ASX: GCS) is a construction services company that supplies equipment to the construction industry such as scaffolding, formwork, material hoists, temporary accommodation and chemical toilets together with a range of related labour and design services.
GCS Group is forecasting a net profit of $8.2 million for FY08, equating to 12.5 cents per share.
GCS Group's strategy for growth is to focus primarily on servicing the West Australian construction industry. In addition, the Company intends to explore opportunities on the East Coast as well as diversify into related industries and industry sectors and acquire selected new businesses that create value for shareholders.

GLOBAL CONSTRUCTION SERVICES LIMITED

Welcome to the
2007Annual General Meeting


GLOBAL CONSTRUCTION SERVICES LIMITED

Managing Director's Presentation
Enzo Gullotti
About GCS Group

- ¾ Established in 2003 with the aim of becoming a diversified service provider for the construction industry
- ¾ Grown through bringing together a number of established businesses that provide products and related labour services: products related
- •Scaffolding
- •Formwork
- •Material hoists
- •Temporary site accommodation
- ¾ The recent acquisition of CASC has further expanded GCS' capabilities:
- •Formwork & labour services for major construction projects
- •Long-term contracts with large construction companies
- ¾ GCS has established a diversified customer group in the residential, commercial a and industrial sectors of the construction industry
2007 Fi i l P f Financial Per formance
| 2007 | 2006 | %Change | ||
|---|---|---|---|---|
| REVENUE | $83337, | $11694, | 8%19 | |
| EBITDA | $11230, | $3876, | %192 | |
| NPAT | $4925, | $1880, | %162 | |
| EPS | $9047 | $3085 | %61 | |
GCS Operations


Customer Sectors & Activities

GCS Group FY2007 Forecast revenue split GCS Group FY2008 Forecast revenue split

Decision to List on the ASX
- •Leading WA construction services company
- •Excellent reputation in the industry
- Strong growth ambitions
- •Experienced and energetic management team
- • C lid ti t iti i th t Consolidation oppor tunities in the sector
- •Track record of successfully undertaking acquisitions
- • Si ifi i i Significant opportunities:
- –Additional financial flexibility to pursue growth opportunities
- –Improved access to capital
- –Improved deal flow as a listed company.

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Recent Corporate Activity
- •Successful IPO and ASX Listing (August)
- •Completed acquisition of CASC Constructions
- • Identified and successfully integrated 2 acquisitions:
- –Bayswater Scaffold Hire
- Budget Portables
- •Assessing further opportunities on an on-going basis.

Recent Acquisitions: Bayswater Scaffold Hire
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Major provider of residential scaffolding in the Perth market for over 25 years
Annual turnover of approximately $950,000 with t fit i ith strong profit margins
Acquisition will be earnings accretive in its first year
Recent Acquisitions: Budget Portables
- • Temporary site accommodation supplying transportable buildings and chemical toilets to the Western Australian market.
- • Operating approximately 17 years in the building services market.
- • Customer base is predominantly in the commercial construction industry.
- • Acquisition included plant and equipment with a replacement value of $9M $9M.
- • Demonstrated consistent growth in earnings over the last 3 years years.
Growth Strategy
- •Build position in the WA market
- Broaden rang p e ofroducts and services
- •Diversify into related industries and sectors
- E t bli h i hi l k t Establish a presence in new geographical markets
- Expand national footprint
- Targeting a mix of organic and acquisitive growth.

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Challenges Ahead
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- •Integrating acquisitions
- •Identifying additional opportunities for growth for
- •Labour constraints and rising labour costs
- •Maintaining high levels of corporate governance
- Maintaining margins in high growth environment.
Value Strategy
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- •Exposure to buoyant conditions in construction industry
- • Build critical mass, capture scale benefits
- Increase presence within industrial sector
- • Pursue growth opportunities
- Diversify into new markets, geographies
Evaluate opportunities that have the potential to provide a positive effect on the company's earnings and create value for shareholders.

