SAVCOR GROUP LIMITED Audio Webcast

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SAVCOR GROUP LIMITED (SAV)

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SAVCOR GROUP LIMITED (SAV) Events

Company (Stock Code)	Date/Time	Event	Timezone: Australia/NSW
SAVCOR GROUP LIMITED (SAV)	Wed, 27 Aug 2008 09:30AM	SAV - Half Year 2008 Results - Mr Hannu Savisalo, CEO
SAVCOR GROUP LIMITED (SAV) Synergistic Acquisition to Deliver Opportunity for Savcor	Thu, 31 Jul 2008 11:45AM	SAV - Acquisition in Structural Monitoring Market - Mr Atef Cheaitani, Chief Technology Officer
SAVCOR GROUP LIMITED (SAV) Manufacturer of Choice for two Leading RFID Companies	Thu, 24 Jul 2008 10:00AM	SAV - Acquisition in RFID Industry & Company Update - Mr Hannu Savisalo, CEO
SAVCOR GROUP LIMITED (SAV)	Fri, 29 Feb 2008 10:15AM	SAV - Full Year Results 2007 - Mr Hannu Savisalo, CEO
SAVCOR GROUP LIMITED (SAV)	Fri, 10 Oct 2008	Date Payable
SAVCOR GROUP LIMITED (SAV)	Wed, 1 Oct 2008	Record Date
SAVCOR GROUP LIMITED (SAV)	Thu, 25 Sep 2008	Ex Div Date
SAVCOR GROUP LIMITED (SAV)	Tue, 19 Aug 2008	Interim Results
SAVCOR GROUP LIMITED (SAV)	Fri, 23 May 2008 03:00PM	Annual General Meeting Christie Corporate Centre, Mt Kilimanjaro Room, Level 4, 100 Walker St, North Sydney, NSW
SAVCOR GROUP LIMITED (SAV)	Tue, 22 Apr 2008	Full Year Results
SAVCOR GROUP LIMITED (SAV)	Fri, 29 Feb 2008	Full Year Results
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SAVCOR GROUP LIMITED (SAV)

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INTERVIEW WITH ATEF CHEAITANI, CHIEF TECHNOLOGY OFFICER OF SAVCOR GROUP LIMITED (SAV)

“Synergistic Acquisition to Deliver Opportunity for Savcor”

http://www.brr.com.au/event/48811

 

THURSDAY, JULY 31, 2008, 11:45 AM.

 

            BRR    Today Boardroom Radio speaks with the Chief Technology Officer of Savcor, Mr. Atef Cheaitani. Welcome to Boardroom Radio, Atef.

10        SAV     Thank you.

 

            BRR    Atef, today, you have announced that Savcor is entering the structural monitoring market through the acquisition of Futurtec and the fact that this business has now secured the first contract as part of Savcor. Can you firstly

15                    tell us about structural monitoring and its applications?

            SAV     Firstly, we have acquired the intellectual property and patent technology of Futurtec. This business supplies the technology to effectively monitor the condition, structural integrity, and the performance of structures such as bridges, chimneys, and high-rise buildings. Let me give you some visual

20                    example. Take the Anzac Bridge in Sydney which is a typical suspension bridge structure. Savcor Futurtec could supply web-based technologies to the RTA, for example, to continuously monitor the performance of this bridge. We would supply permanently installed sensors, strain gauges, accelerometers, displacement, temperature, and wind sensors and a weather station for this

25                    bridge. We can also provide full training so all monitoring can be done in-house by the RTA engineers. The information from the monitoring process is very essential to obtain (inaudible) (0:01:13) picture of the structure, condition, and performance and to plan maintenance work. So it is a growing market. We have secured our first project in Russia. The 182-metre

30                    Alexander Bridge in St. Petersburg is a good start.

 

            BRR    Atef, can you tell us a little bit more about Futurtec and its operations?

            SAV     Firstly, we settled the acquisition in May. The purchase price is not material. We have essentially acquired the intellectual property, the patent technology

35                    which is applicable throughout the world, and a small dedicated team. We have announced our entry into this market today because we have secured the first project so we are gaining some attraction already. What Futurtec is today is really the technology and the team.

 

40        BRR    So, Atef, an obvious question for listeners and investors, what is the strategic rationale here?

            SAV     Structural monitoring has been very limited in the past. This has changed recently due to various developments. There have been, first of all, huge developments with information technology. As you know, we have today high-

45                    performance sensors, analogue-to-digital converters, wireless network. In addition to these, we have today a very sophisticated and powerful software for structural engineering, significant development in understanding the deterioration mechanism and especially corrosion rate monitoring and assessment of structure, and of course, stricter requirement for safety compliance. So today, structural monitoring is a growing business. There are competitors, which is always a good sign. For Savcor, we already have a significant business providing electrochemical protection and remediation services in mining, industrial infrastructure market. This area is very well

5                      known to us. The real opportunity here is to combine our services for conditional assessment of structures with the Futurtec technology and offer a comprehensive service for structural health monitoring, assessment for existing structures and mainly bridges.

 

10        BRR    Atef, how do you plan on building this end-to-end capability?

            SAV     Again, like other parts of our business, we always start with technology. It is core to our strategy. This gives us the edge and the foot in the door, if you like. We will be able to build up our presence through our existing ART business and the client sector we can tap from this. Structural engineering

15                    capability is something we will need to give us the total capability and we are looking at ways to achieve this either through acquisition or building teams. There are a number of opportunities that we are looking at and we plan to act quickly. We like this market and its scope.

 

20        BRR    Atef, could you tell us about the size of this market and the markets that you will target with the acquisition?

            SAV     It is very difficult to put a dollar figure on it, but let us look at some of the applications. Bridges, for instance, they are all throughout the world. This is significant. Ports and associated infrastructure, infrastructures in mine sites,

25                    stackers, processing equipment, blast furnaces. The potential is significant, but our first focus is bridges, of course. We have secured our first contract here and we are pursuing a number of others. There are plenty of bridges in the world so it is a deep market. Wherever we go, the reception is encouraging. We are, of course, in Russia. We are targeting Australia, China,

30                    and India. We are currently reviewing a number of opportunities in India. It is something we flagged in our prospectus that we will focus on this market, so we are looking at it now.

 

            BRR    Finally, Atef, you have said that Futurtec will contribute to earnings this year

35                    to Savcor. Do you have any other contracts pending?

            SAV     We do not want to get ahead of ourselves. It is a great start. We have secured an excellent project, but we are starting off small and the real focus is building the end-to-end capability first, building our market to presence and building this into a significant part of Savcor's business. It will make a

40                    marginal contribution to earnings this year, and every time we secure an installation of the technology, we will secure revenue. However, the real opportunity is in the ongoing services and structural engineering capability where we can build longer-term recurrent revenue by securing ongoing contracts. That is the real opportunity.

45

            BRR    Atef, certainly a synergistic acquisition for Savcor. We do look forward to speaking with you again shortly on Futurtec. Thanks very much for joining us today on Boardroom Radio. Remember, if you have any questions about this broadcast or any others, please feel free to send me an e-mail at brr@brr.com.au or via the Contact Us button on the home page. I am Terence Bell. Thanks for listening to Boardroom Radio.

 

INTERVIEW CONCLUDED

 

 

 

 

Contact brr@brr.com.au for more information

 

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