Raubex FY22 HEPS up 32.1%

Raubex, a leading construction and infrastructure development company, has reported a significant increase in its headline earnings per share (HEPS) for the financial year 2022. The company's CEO, Felicia Msiza, recently sat down with CNBC Africa's Zanele Morrison to discuss the factors that contributed to this outstanding performance and the strategies in place for sustained growth in the future. One of the major achievements highlighted by Msiza was the successful completion of the Zimbabwe Bay Bridge Border Post projects. She attributed the success of these projects to the company's strong focus on execution. By understanding the scope, timelines, and quality requirements of the projects, Raubex was able to assemble a dedicated team and deliver exceptional results without incurring any penalties. Msiza emphasized that this accomplishment has positioned Raubex favorably for securing more projects in the future. In addition to the Bay Bridge Border Post projects, Msiza pointed out other key contributors to Raubex's stellar performance. The company's operations in Sandrole and Western Australia, as well as its mining subsidiary, Baubah Resources, played significant roles in driving profits. With a substantial order book of approximately 20.4 billion rand, Raubex is optimistic about the pipeline of projects lined up for the coming years. Despite operating in a volatile economic environment and facing challenges in the supply chain, Raubex was able to proactively plan ahead to ensure the availability of materials for its projects. This strategic approach, coupled with a focus on execution excellence, enabled the company to stay ahead of schedule and achieve remarkable results. Looking ahead, Raubex remains committed to its South African roots while also exploring opportunities for diversification. The company sees value in spreading its risk across different regions and has expanded its presence in Western Australia to capitalize on new growth prospects. However, Msiza emphasized that South Africa will continue to be a core market for Raubex, given the infrastructure investment and government commitment to development projects. One of the key risks identified by Msiza is the energy crisis in South Africa, particularly the impact of load shedding on operations. To mitigate this risk, Raubex has implemented measures to ensure business continuity, such as running quarry operations on generators. Despite these challenges, Msiza expressed confidence in Raubex's ability to navigate the energy crisis and maintain its growth trajectory. In conclusion, Msiza credited Raubex's success to its dedicated workforce and cohesive teams that are aligned with the company's vision and objectives. With a strong emphasis on execution excellence, strategic planning, and risk management, Raubex looks poised for continued success in the years to come.