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www.becbusinesscluster.co.uk BECBC Nuclear Engagement Meeting 15 Nov 2019 hosted by Carr’s Engineering/Bendalls Engineering BECBC Welcome
www.becbusinesscluster.co.uk
BECBC Nuclear Engagement Meeting 15 Nov 2019 hosted by Carr’s Engineering/Bendalls Engineering
BECBC Welcome
Commercial Nuclear
Nuclear Defence
Oil and Gas
Welcome
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International business focused on two sectors: Agriculture and Engineering
• A remote handling business designing and
manufacturing bespoke manipulators and
robotics, based in Swindon, UK, Markdorf,
Germany, and Charlotte, NC, USA
• A UK manufacturing business producing
specialist fabrications and precision engineering,
based in Barrow, Carlisle and Newcastle upon
Tyne
• A USA based technology and engineering
solutions business based in Pittsburgh, PA and
Charlotte, NC
• Products are used across the nuclear research,
nuclear, oil and gas, petrochemical and
pharmaceutical industries
Innovation, technology and research are at the heart of our DNA and provide the common thread linking the two
divisions
• Manufacture of molasses-based branded feed
blocks for farm animals in the UK, Germany and
USA, including Crystalyx®, MegaLic®and
SmartLic®
• Operate 43 rural retail outlets across the north of
England and southern Scotland, including seven
machinery branches
• Circa 500,000 tonnes of animal feed production
at three plants in the UK
• Service country dwellers and farmers with
heating oil and machinery fuel in the UK
• Manufacturer of livestock trace element
supplements, including boluses, based in Suffolk
The Group An Overview
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Agriculture Engineering
Strategic Objectives
1. Build value by focusing on
markets with growth
potential
2. Grow our international
footprint
3. Differentiate through
technology and innovation
4. Lead in our chosen markets
Strategic Vision
To be recognised as a truly
international business at the
forefront of technology and
innovation
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Group Strategy
2019 (£m) 2018 (£m) Change
Segmental revenue:
Agriculture 357.4 359.6 -0.6%
Engineering 46.5 43.6 +6.7%
Total revenue 403.9 403.2 +0.2%
Adjusted EBITDA 21.2 18.8 +12.8%
Segmental adjusted operating profit:
Agriculture 13.6 13.4 +1.6%
Engineering 5.3 4.1 +30.6%
Total adjusted operating profit 18.9 17.5 +8.4%
Net finance costs (0.9) (0.9) +1.9%
Adjusted profit before tax 18.0 16.6 +9.0%
EPS (p) – basic 13.1 13.0 +0.8%
EPS (p) – adjusted 14.6 13.9 +5.0%
Interest cover 19.4 18.2
Financial Review Segmental Analysis
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• Adjusted profit measures are before non-recurring items of £1.7m: amortisation of acquired intangible assets (£0.8m); GMP Pension past service costs (£1.1m);
business combination expenses (£0.5m); restructuring/closure costs (£0.4m); and adjustments to contingent consideration in respect of acquisitions (-£1.1m)
Carr’s Group History - Engineering Engineering since 1984
1831
Carr’s Group founded by Jonathan Dodgson Carr
1972
Carr’s Group Listed on the London Stock Exchange
1996
Acquisition of Bendalls Engineering in Carlisle
2003
Acquisition of MSM based in Swindon
2009
Acquisition of Wälischmiller GmbH in Germany
2014
Acquisition of Chirton Engineering in North Shields
2017
Acquisition of NuVision Engineering in USA
2019
Acquisition of NW Total in Barrow
Cumbria Footprint
Divisional Structure
UK Service &
Manufacturing
Global
Technical
Services
Global Robotics
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45%
38%
Design & Manufacture
Complex Fabrications
Tanks & Vessels
Containment
Waste Containers
Precision-machined
components for
Oil & Gas, Formula One
Nuclear
Innovative Applied
Engineering
Waste Retrieval and Treatment
Power Fluidics
Pipe-end Decontamination
Stress Mitigation
Design, Supply, Maintain
Remote handling
equipment
UK & International
Production of robotics &
remote handling
equipment for the nuclear
industry worldwide
Concept Design
Manufacture & Fabrication
Equipment Procurement
FAT
Site Installation
Lifetime Quality Records
Carr’s Engineering Division
Civil Nuclear
Nuclear Defence
Oil and Gas
70%
16%
14%
Revenue by Market Sector
Bendalls: An Introduction
Bendalls Heritage
Supporting British Record Breakers
Pioneering Supply to UK nuclear
Supporting the Energy Sector Development from the 1970s to date
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Bendalls Overview
Quality Assurance
Comprehensive Life Time Record information in line with stringent Nuclear requirements
Large Scale Fabrication
Assemblies up to 45m and over 200Te
Certified UK & US Nuclear work with corresponding quality systems
PED 97/23/EC
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Precision Machining Services
Flexible on site capability
Precise Inspection & Quality Control
Manufacturing Capacity
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150,000ft of UK manufacturing facilities
Capacity for up to £30m of delivery per annum
Comprehensive in-house Inspection and Testing capability (including purpose built X-Ray facility)
Continued investment into skilled apprentices, on average 7 per year
Fully segregated stainless steel facilities
Extended Design Capability
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Existing process equipment design expertise has been extended.
Proven pressure vessel design capability has been extended and consolidated by broader Mechanical and EC&I design capability
Underpinned by expertly lead Project Management to allow the group to manage complex engineering programmes.
Nuclear Case Study – Evap D
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SCOPE MANUFACTURE OF EVAPORATOR AND FEED LIQUOR STOCK TANK FOR EVAP-D PROJECT
DELIVERY FABRICATION & TEST
FUNCTION CORE PLANT ITEMS SUPPORTING REPROCESSING OF HIGHLY ACTIVE LIQUOR
CONSTRUCTION NITRIC ACID GRADE STAINLESS STEEL, NUCLEAR QUALITY GRADE 1 COMPLETE 2011
Nuclear Case Study – THORP
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SCOPE
MANUFACTURE OF MAJOR VESSELS FOR REFURBISHMENT OF MEDIUM ACTIVE SALT FREE EVAPORATOR (MASFE) IN THORP FACILITY.
DELIVERY FABRICATION & TEST
FUNCTION CORE PLANT ITEMS FOR THORP REPROCESSING.
CONSTRUCTION NITRIC ACID GRADE STAINLESS STEEL, NUCLEAR QUALITY GRADE 1 CONSTRUCTION COMPLETE 2011
Nuclear Case Study – Silo Maintenance Facility
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SCOPE
MANUFACTURE ASSEMBLY & TEST OF MEDIUM COMPLEX YOKE EQUIPMENT, DEPLOYED IN SMF PROJECT
DELIVERY FABRICATION, PRECISION MACHINING, INTEGRATION & TEST
FUNCTION
TO REMOVE SKIPS FROM TRANSFER FLASKS USED ON THE HIGH HAZARD SILOS DECOMMISSIONING PROJECT.
CONSTRUCTION
PREDOMINANTLY STAINLESS STEEL. BOTH MACHINED FABRICATIONS (POST WELDING) AND A RANGE OF MACHINED COMPONENTS. PROJECT COMPLETE.
Nuclear Case Study – 10 Year Framework
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SCOPE
EXCLUSIVELY SUPPLY TO DESIGN AND MANUFACTURE OF ALL COMPLEX IN-CELL PRESSURE VESSELS, HEAT EXCHANGERS & EVAPORATORS CIRCA £48M (2016-2026)
DELIVERY DESIGN, FABRICATION & TEST
FUNCTION
RANGE OF FUNCTIONAL REQUIREMENTS FOR KEY FACILITIES LOCATED ACROSS THE SITE.
CONSTRUCTION
WIDE VARIETY OF STAINLESS STEELS INC - INCONEL, 316, 304, NAG, DUPLEX & SUPER-DUPLEX.
Nuclear Case Study – NAR Re-Boiler
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SCOPE MANUFACTURE NITRIC ACID REBOILER FOR THORP REPROCESSING FACILITY.
DELIVERY FABRICATION & TEST
FUNCTION
HEATING OF NITRIC ACID INVOLVED IN THE DISSOLUTION OF HIGHLY RADIOACTIVE MATERIAL. NUCLEAR QUALITY LEVEL 1.
CONSTRUCTION NITRIC ACID GRADE (NAG) STAINLESS STEEL. PROJECT COMPLETE.
Nuclear Case Study – BEP Vessels
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SCOPE
DESIGN & MANUFACTURE OF RADIOACTIVE EFFLUENT TREATMENT
PLANT. DEPLOYED IN A BOX ENCAPSULATION PLANT.
DELIVERY FABRICATION, FABRICATION, INTEGRATION & TEST
FUNCTION STORAGE CONSIGNMENT AND
SAMPLING OF RADIOACTIVE LIQUOR WITH MINIMAL SLUDGE CONTENT.
CONSTRUCTION NITRIC ACID GRADE (NAG) STAINLESS STEEL. PROJECT COMPLETE.
Nuclear Case Study – FGMSP Conveyor
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DELIVERY
DESIGN, PRECISION MACHINING, FABRICATION, INTEGRATION AND
FUNCTIONAL TESTING
FUNCTION
TO TRANSFER FOUR TONNE UNDERWATER SKIPS FROM THE FIRST GENERATION
MAGNOX STORAGE POND TO CAVE 2 ST BAY TO ENABLE SORTING AND SEGREGATING OF
CONTENTS.
CONSTRUCTION
316l STAINLESS STEEL AND DUPLEX. BOTH MACHINED FABRICATIONS (POST WELDING) AND MACHINED INDIVIDUAL COMPONENTS.
Nuclear Case Study – LLWR Nova Paks
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SCOPE
MANUFACTURE, ASSEMBLY AND TEST OF COMPLEX RADIOACTIVE
CONTAINMENT UNITS FOR USE ACROSS UK ESTATES.
DELIVERY
FABRICATION, MACHINING, INTEGRATION & TEST
FUNCTION TRANSPORTATION CONTAINERS FOR
RADIOACTIVE WASTE
CONSTRUCTION
QUALITY GRADE 1 BUILD OF INNER AND OUTER BOXES, STAINLESS STEEL,
ALUMINIUM AND CORK
Nuclear Case Study – M&F Framework
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SCOPE
MANUFACTURE OF COMPONENTS (QUALITY GRADE 1, 2, 3)
DELIVERY
FABRICATION, MACHINING, INTEGRATION & TEST
FUNCTION SUPPLY OF BUILD TO PRINT
COMPONENTS FOR PLANTS INCLUDING: VIT PLANT, HALES, THORP.
CONSTRUCTION
ONGOING SUPPLY FRAMEWORK, HOLD THE JIGS FOR SOME OF THE HIGHER
VALUE, MORE COMPLEX VITRIFICATION PLANT ITEMS (DUSTSCRUBBERS etc)
FRAMEWORK ONGOING.
Nuclear Case Study – EDF Heysham
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SCOPE
DESIGN AND MANUFACTURE OF SULFURIC ACID SCRUBBER AND 2# DMA
STORAGE TANKS.
DELIVERY
FULL DESIGN, FABRICATION & TEST.
CONSTRUCTION
STAINLESS STEEL & CARBON STEEL VESSELS.
Oil and Gas Case Study – Bechtel
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SCOPE DESIGN AND MANUFACTURE
DELIVERY 1. DESIGN, MANUFACTURE & TEST,
CONSTRUCTION STAINLESS STEEL AND CARBON STEEL VESSELS.
Example Projects – Glove Boxes
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We have manufactured a range of glove boxes for both the nuclear and pharmaceutical industries
Example Projects – Skid Units
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We manufactured a fully operational scale reproduction of the Sellafield SIXEP Process plant.
Exported to the USA DoE for the Savanah River Project
Example Projects – Structural Rigs
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Structural Rigs for Ponds Decommissioning
Client: Sellafield Ltd
Key Contacts
Sean Saunders, Bendalls Managing Director [email protected]
Steven Kennedy, Bendalls Commercial Director [email protected]
Mark Johnston, Production Manager mark@[email protected]
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Thank you for attending
2020 meeting dates will be announced soon!
BECBC Nuclear Engagement Meeting 15 Nov 2019 hosted by Carr’s Engineering/Bendalls Engineering
www.becbusinesscluster.co.uk
