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Table of Contents
The Company 1 Expanding the Product and Service Range 12
»
Financial Highlights 1 Growing our Geographic Footprint 13
Corporate Highlights 1 Growth Initiatives 14
Chairman's and Managing Director's Letter Sustainability
2 15
Board of Directors 4 Corporate Governance Statement 18
Who is GCS and what do we do 6 Financial Report 25
GCS Projects 10
Corporate Directory
Bankers ASX Code
Directors
Westpac Banking Corporation GCS
Neil Kidd
109 St George's Terrace
Non-Executive Chairman
Share Registry
Perth
Western Australia 6000 Computershare Investor Services Pty Ltd
Enzo Gullotti
Level 2, Reserve Bank Building
Managing Director
Solicitors 45 St George's Terrace
Hardy Bowen Perth
Sam Mangione
Lawyers Western Australia 6000
Non-Executive Director
Level 1 Telephone +61 8 9323 2000
28 Ord Street
David Macoboy 1300 55 70 10 (within Australia)
West Perth
Non-Executive Director
Western Australia 6005 For any change in personal details,
Company Secretary please contact Computershare.
Kitto & Kitto
Gabriel Chiappini
Barristers & Solicitors ABN 81 104 662 259
Registered Office 19 Howard Street
Perth
2 Redcliffe Road
Western Australia 6000
Redcliffe
Western Australia 6104
Stock Exchange
Telephone 61 8 9479 7990
The Company's securities are quoted on
Facsimile 61 8 9479 7789
the Official List of the Australian Securities
Website www.gcs-group.com.au
Exchange Ltd, the home exchange being
Australian Securities Exchange (Perth) Limited.
Auditors
BDO Kendalls Audit & Assurance
2 The Esplanade
(WA) Pty Ltd
Perth
128 Hay Street
Western Australia 6000
Subiaco
Western Australia 6008
2 GCS Limited - 2008 Annual Report
The Company
» Global Construction Services Limited (GCS) is a diversified
construction services company that provides a range of products
and services in the residential, commercial and industrial sectors
of the construction and maintenance industries.
GCS has made significant advances in all aspects of its business in the past 12 months.
Financial Highlights
» GCS exceeds its profit forecasts and records a net profit after tax of $9.8 million for the year ended 30 June 2008.
» In April 2008 GCS Group revised its $8.2year profit forecast to $9.5 million. This compares with its original forecast in
full
the Company's 2007 Prospectus of million.
» In February 2008reporting period as a listedinterim net profit after tax of $4.7 million for the half year to December 2007,
GCS Group announces an
the Group's first entity.
Corporate Highlights
» GCSbalance of 25% to be acquired aover the next two hire andCoastal providers Coastal Hire of construction services to
announces the acquisition of 75% interest in sales Pty Ltd in July 2008, with
the years. Hire provides a range
customers in the fast-growing South West corridor of Western Australia.
» GCS secures a major scaffolding supply contract with key clientAustralia. Engineering in July 2008 for construction
Monadelphus
of BHP Billiton's Newman HUB in the Pilbara region of Western
» In January 2008 GCS Grouptolaunches operationsthe numerous opportunities being createdabynew business division in
in the North West with the opening of
Karratha, Western Australia take advantage of the resources boom.
» GCSWestern Australian concrete contractingLtd and Blueline Contracting Pty Ltd, inPerth's commercial construction and
Group acquires Newave Contracting Pty January 2008. Newave and Blueline
are businesses servicing customers in
maintenance industries. The synergy between CASC, Newave and Blueline will provide a comprehensive service to
customers in the building services market.
» GCS acquires Western Australian site accommodation provider Budget Portables inresidential construction industries.
November 2007. Budget Portables
provides transportable buildings and chemical toilets to the commercial and
The acquisition significantly increases GCS Group's presence in the temporary site accommodation market.
» On 29 August 2007 GCSover 25 years. ThisBayswater Scaffold Hire, which has been active in the Perth residential
Group acquires
construction industry for is the first GCS acquisition since listing on the ASX.
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