Corporate Profile 01?Wd
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Corporate Profile 01?wd Cascal (NYSE: HOO) At a glance: Cascal is a specialist investor and operator of water and wastewater Exchange: NYSE systems. Ticker: HOO Price (3/19/09): $3.32 Cascal was formed in April 2000, and at the time brought together all Market Cap: $101.4 mil of Biwater’s operational contracts in a single company. Cascal is a 52 Wk High: $15.19 subsidiary of the Biwater Group but since January 2008 has some of 52 Wk Low: $2.07 its shares listed on the New York Stock Exchange (NYSE). Shares Outstanding: 30.57 mil Cascal continues to build upon its global reputation for service, innovation and environmental responsibility and has an extensive Investment Considerations: knowledge of the international water market. • A global pure-play water and Cascal invests in and operates water and wastewater facilities wastewater asset owner. worldwide. The company has experience is currently working in seven • Ranked the second best UK Water countries across four continents where its mission is to deliver high Company in terms of overall quality water services. performance. • Solid international growth portfolio Whether it is the operation and development of existing utilities or the (40% of sales in high growth creation of new facilities, Cascal provides efficiency, innovation, international markets). performance and customer satisfaction. • Strong demand for private sector capital and expertise to meet higher water quality and environmental standards to achieve greater Services efficiency. • Water utility industry low risk due to Cascal: strict regulations, stable demand • Provides water services to over 4.3 million people drivers (population increase) and • Employs over 2,700 staff long-term contracts. • Has water and wastewater experience in: • Diversified customer base split − Concessions between households, industrial − BOOT Projects customers and municipalities, across − Lease and Management contracts seven countries. • Has ISO registered companies • • Experienced management team who Operates in four continents and seven countries across culturally possess decades of international diverse regions of the world water experience. Financial Highlights: • Revenue and EBITDA increased at a CAGR of 20% and 17% respectively from March ‘05 to March ‘08. • Thirty-three percent revenue growth from continuing operations posted for the fiscal 2008-year end. EBITDA from continuing operations increased 17% for the same period. • Net profit from continuing operations up 29% for fiscal year ended March ’08. Locations United Kingdom Officers: Bournemouth and West Hampshire Water (BWHW) provides water to over 420,000 people through a network of nearly 3,000 kilometers of • Stephane Richer, CEO and Director pipe and 199,000 connections. The UK water sector is heavily • Steve Hollinshead, Chief Financial regulated an d controlled; in 2007 BWHW was ranked second for Officer overall performance by the UK regulator. • Jonathan Lamb, General Counsel and Company Secretary South Africa • Brian Winfield, Chief Growth Officer Cascal has two operations in South Africa. Silulumanzi is based in Nelspruit and provides water and wastewater services to a Recent News: population of 355,000 through 124,500 connections. Siza Water provides water and wastewater services to a population of nearly • March 2, 2009 Cascal N.V. 54,000 in Ballito which is 40km North of Durban. Announces Outcome of Chilean Rate Review Indonesia • February 26, 2009 Cascal N.V. PT Adhya Tirta Batam, provides water service to a population of 900,000 on Batam Island through 141,000 connections. Completes Reorganization of United Kingdom Subsidiaries China • February 9, 2009 Cascal N.V. China Water operates six contracts, three bulk water supply BOOT Announces Nine Month and Third projects and three 30-year water concessions which serve a combined Quarter 2009 Results population of 1,660,000 in the towns of Fuzhou, Yancheng, • November 11, 2008 Cascal N.V. Zhumadian, Yanjiao, Xinmin and Qitaihe. Announces Six Month and Second Quarter 2009 Results Panama • 15 September, 2008 Cascal N.V. Laguna Alta is a bulk water treatment plant constructed and operated Completes Purchase of Rema ining under a BOOT contract, which provides bulk water to a population of 10% of Nelspruit Project 300,000 in Panama City and its suburbs. • 25 August, 2008 Cascal N.V. Provides Update on Operations in Chile Panama Cascal has five operations in Chile, which serve a combined • 11 August. 2008 Cascal N.V. population of approximately 390,000. Treated wastewater is sold for irrigation an d is an important element of the operation’s success. Announces First Quarter 2009 Results • 7 August, 2008 Cascal Announces Philippines Annual Dividend Subicwater p rovides water and wastewater services to a population of • 23 July, 2008 Cascal N.V. 220,000 in the Subic Bay Free Port and the adjacent Olongapo City. Completes Acquisition of Majority Stake in Zhumadian China Water Company Cascal – Headquarters: Biwater House Income statement and Cash flow statement Station Approach items ($ millions) Dorking 1 Surrey Published/Reporportteedd1 P 3/20052006 3/20062007 3/20078 RH4 1TZ Sales $92.100.38 $1103.18.66 $121157.8.7 United Kingdom Growth 10.6%— 1217.25% 17.33.5%1% EBITDA 38.44.05 45.52.07 53.61.28 Margin 4144.2% 4344.54% 43.39.72% Cascal Website: EBIT 23.29.40 29.35.67 35.39.28 Marginn 2528.47% 2830.61% 28.25.9%2% www.cascal.co.uk Net Income3 10.14.47 15.7.71 8.9.09 Margin 1114.26% 146.5.5%% 6.6%3% Investor Relations Contact: 24 Capex 23.25.94 24.29.51 29.34.14 D&A 14.15.64 15.18.40 18.22.08 KCSA Strategic Communications 880 Third Avenue 1 As audited and filed, excluding discontinued operations New York, NY 10022 2 Capex = purchase of tangible assets USA .