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Annual Report 2014 Highlights

Annual Report Highlights 2014

Overview

Focusing on essential national needs

National need:
Technology integration
Customer:
Highways Agency

Electronic Service Delivery for Abnormal Loads (ESDAL2)

The Highways Agency appointed Costain to deliver a technology solution that would improve the service for road users moving Abnormal Indivisible Loads (AIL) around Britain’s highways. As part of the technology solution, Costain provides a hosted software application with access provided via web portals to the Highways Agency, hauliers, police, and bridge and highways authority users. The solution includes the provision of a help desk to support system users and to manage and maintain the solution. The collaboration provided by the web portals boosts efficiency and eliminates wasted time and effort on the part of hauliers and the authorities. It also enables the Highways Agency’s Abnormal Loads Team to collaborate with stakeholders to plan routes and authorise Special Orders for the largest movements.

We now provide one integrated system which is faster and far more friendly for all users. It’s having a very real and positive effect on our roads.

James Bulleid, Highways Technology Director, Costain
National need:
Advisory and concept development, Specialist design, Complex project delivery
Customer:
Thames Water UK

AMP6 Capital Programme

Costain, part of Thames Water’s industry-leading eight2O alliance, will help deliver billions of pounds of essential improvements to Thames Water’s ageing network over the AMP6 period. To date, Costain has provided key members of the eight2O management team and has played a significant role in the development of programme strategy and approach to standardisation and offsite manufacture. As the programme moves into delivery, Costain together with its partner Atkins, will be responsible for delivering half of the overall capital programme. Thames Water is using the alliance model to achieve greater efficiency in the delivery of its business plan, with a greater emphasis on collaborative team-working, innovation, sustainability and an integrated supply community, in a bid to lock in long-term value to the company and its customers.

Collaboration sits at the heart of this project. Specialist skills and experience are shared by everyone. As a young engineer it’s been a great learning curve.

Sarah McGee, Project Manager, Costain
National need:
Advisory and concept development, Specialist design, Programme management, Complex project delivery, Technology integration
Customer:
Magnox

Bradwell FED Treatment Project

Costain delivered the engineering, procurement, construction and commissioning of the Bradwell Fuel Element Debris (FED) Treatment Project, which is part of the decommissioning programme taking Magnox’s Bradwell site into a long-term state of care and maintenance. FED is the most significant solid Intermediate Level Waste (ILW) hazard, by volume, stored on Magnox sites. Costain’s application of innovative thinking and extensive industry experience has resulted in the development of an innovative dissolution process which dissolves FED waste in nitric acid, greatly accelerating the accepted process using carbonic acid. This process has been shown to reduce the volume of FED waste by over 90%. This form of hazard reduction will make a significant contribution to the nuclear waste legacy clean up in the UK.

This process reduces the amount of waste, the associated long-term storage costs and has lower environmental impacts. I am proud to be a part of it.

Fernando Campos, Process Engineer, Costain

Financial highlights

£1,122.5m

Revenue

£28.7m

Underlying operating profit

£28.5m

Adjusted profit before tax

£148.5m

Net cash balance

27.8p

Adjusted basic earnings per share

9.5p

Dividend per share

Operational highlights

Her Majesty the Queen opened Reading Station after the critical redevelopment project was handed over ahead of schedule.

Record high quality order book

£3.5bn
£3.0bn

Examples of Contract Awards

Environmental and social highlights

Employee engagement

75%

of employees think Costain is a great place to work

CO2 emissions

24,692 T CO2e

94% waste diverted from landfill

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