Julius Berger hosts Investor Relations Forum
Nov. 02 (THEWILL) – Julius Berger Nigeria Plc, the leader in Nigeria’s engineered construction market, has held its Investor Relations Forum.
The event, co-hosted by the company’s Managing Director, Engr. Dr. Lars Richter and CFO Mr. Christian Hausemann were also accompanied by shareholders and investors.
According to Eng. (Dr) Lars Richter, the objective of the Company’s Investor Relations Forum is to highlight “Julius Berger’s business, operations, financial highlights and key investment considerations for investors, by as a compelling investment opportunity in the construction industry”.
Dr. Richter kicked off the proceedings at the Investor Forum with a summary of the company’s current profile.
He said, “The company today has the largest market share, limited competition of similar scale, quality and financial capability. We have strong brand equity, seasoned management, an experienced and diverse board of directors and a well-defined diversification strategy; all providing for a strongly rooted and positive business outlook further enhanced by a favorable operating environment…”
Julius Berger, said Dr Richter, “is synonymous with the best quality infrastructure in Nigeria, and the company is given a nationwide rating of A- with a stable outlook given a nationwide rating. of A”.
He highlighted the company’s more than 50-year presence and leadership in the construction industry in Nigeria, during which time Julius Berger completed 600 construction projects, over 20 industrial plants and 130 construction projects. infrastructure across the country.
The company, he added, is structured in three key segments – Civil Works, Construction Works and Services and with 7 subsidiaries, specializing in the execution of complex works that require the highest level of technical expertise. and Nigeria-specific know-how.
Julius Berger Nigeria Plc’s core competencies, Richter said, “cover all project phases, including planning, design, engineering, construction, maintenance and operation, for infrastructure projects. , industry and construction”.
CFO Mr. Christian Hausemann then spoke on financial highlights saying on a healthy note that Julius Berger’s cash balances exceeded total borrowings for most of the reporting period, implying a cash position. negative net debt.
Hausemann added that “sustained and improving interest coverage ratios provide adequate buffers for interest charges.”
Two concerned shareholders, Mr. Oladele Akande and Mr. Kayode, then asked about the company’s claims and how currency illiquidity affects the company’s business.
Both surveys focused on the actions taken by senior management to mitigate these challenges.
The CFO responded by saying that there has been growth in receivables over the period under review (2022).
He added, however, that management continues to monitor the situation with a view to proactively mitigating any potentially negative headwinds.