2005 - 2006 - Pinsent Masons Water Yearbook 2012

UNITED KINGDOM PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
Y/E 31/03 (£ million) 2001 2002 2003 2004 2005
Group turnover 1,173.9 1,704.6 1,740.0 1,759.6 1,690.1
Operating profit 312.9 321.7 318.4 305.4 333.5
Sale of assets -2.7 19.6 -1.2 -121.5 -6.0
Exceptional items -25,5 -194.1 -77.2 -36.2 -12.0
Net interest -159.1 -195.1 -289.9 -263.7 262.2
Pre-tax profit 125.6 -53.5 -42.4 -79.8 65.3
Tax charge -26.3 16.3 -9.7 8.5 -13.8
Post-tax profit 99.3 -37.2 -52.1 -71.3 51.0
Earnings per Share (p) 33.5 -16.3 -26.4 -52.0 34.4
Dividends per Share (p) 44.0 44.6 46.0 47.2 48.7
Anglian Water International Ltd.
Anglian Water International and Anglian Water Processes (AWP) were merged in 1996, to form a
combined AWI. Process engineering is conducted through the Purac group of companies with offices
in the UK (Kidderminster), Sweden, Norway, Germany and Poland. During 40 years in business,
Purac has been responsible for over 3,000 water and wastewater plants in 54 different countries, with
water treatment plants serving 40million people in China. Since 2003, the company has sought to sell
off its international water activities. To date its activities in Scotland, Chile, the Philippines, Sweden,
Vietnam, New Zealand, Russia, South Africa and the Czech Republic have been sold. These sales
have raised £112 million and have entailed exceptional losses of £127 million. In May 2005, AWG sold
its Taizhou contract to the Jiangsu Taizhou Water Company for £5.7 million. AWG also holds 4.25% of
Aguas Argentinas (see Suez). The Irish activities are being retained.
AWG, number of people served in the UK and internationally
Country Water Sewerage Total
UK- Anglian Water Services 3,983,000 5,700,000 5,700,000
UK - Hartlepool Water 92,000 0 92,000
Ireland 50,000 1,200,000 1,250,000
Brazil 0 100,000 100,000
Australia 0 130,000 130,000
Peoples Republic of China 3,760,000 0 3,760,000
Total - home market 4,075,000 5,700,000 5,792,000
Total - international 3,810,000 1,430,000 5,240,000
Grand total 7,885,000 7,130,000 11,032,000
Ireland
2000 Dublin 20 year BOT 1.2 sewerage
Ascon, an Irish construction company, Binnie Black & Veatch and AWG Water are to build Ireland’s
largest STW, serving the city of Dublin and surrounding areas in a contract worth £185 million
including £120 million of construction work. This has been expanded to serve a total of 1.6million PE,
including advanced treatment and is now operated by AWI, with its Celtic Anglian Water JV managing
the sewage sludges. In addition, this JV won a £20 million four year contract in 1998 to tackle leakage
in the Dublin area for a population of 1.5 million.
2002 Sligo 10 year O&M 50,000 water
In 2002, AWG gained a contract to operate a new water treatment works on behalf of Sligo County
Council. The 10 year, £5 million contract is to deliver 11 million L of water per day to the Sligo area.
Brazil
In southern Brazil, AWI set up Cejen-Anglian (37.5% held) in 1994, a JV with Fidem, owning and
operating a deep shaft industrial effluent treatment work in the city of Brusque with a population
equivalent capacity of 300,000. The facility serves approximately 200,000 people. Problems relating to
the contract meant that a £7 million write down of assets/development costs was made in 1996/97.
Nevertheless, the BOOT facility has been operational since 1996.
335 Pinsent Masons Water Yearbook 2005 – 2006