Growing Mivan Internationally

Ivan McCabrey Chief Executive Mivan

Mivan Today
Leading international construction company Has operated in 40 countries Offices in Europe & Middle East Over 650 employees worldwide Turnover exceeds 75 million Celebrated 30 years in business in 2005 Opened London office in 2007

Mivan some notable firsts

Largest general contractor at Euro Disney Refurbished the QE2 and worlds leading liners Re-roofed Jerusalem's the Dome of the Rock Queens Award for Exporting in 1996 & 1997 Built 2 zones at the Millennium Dome Recently completed a major theming contract at the re-invention of the Dome The O2 Fitted out the interior of the Scottish Parliament Worked on the New Wembley Stadium Helped to complete the new Ascot Racecourse British Construction Firm of the Year - 2003 & 2004 Best UK Fit-out Contractor - 2006

EuroDisney - Paris

QE2

Millennium Dome

Scottish Parliament

Mivan Company Profile

Type of Business
Core activities
Interiors & Theming Property Development
Retail & Residential

General Contracting

Mivan remains a Northern Ireland company that operates internationally

Supported by local skills in a 11,000m2 factory

Mivan the beginning

Founded 1975 First contract was concrete and shuttering at Kilroot Power Station Based in Crumlin, Mivan grew as a general contractor in Northern Ireland 1979 opened office in Dublin 1980 started operations in Baghdad

Mivan - just another builder

Strategic review of activities in 1983
House building margins slim & considerable competition Public works competitive at low margins NI security environment not conducive to growth Heavy investment in plant to support activities Industry was labour and capital intensive Mivan was just another builder

Mivan- strategy outcomes

Mivan lacked unique products & services Marketing could differentiate Mivan from competitors Interiors paid better than exteriors Overseas offered large project opportunities

then along came Interiors

Started Interiors with one manager and one joiner in 6,000 sq ft. in Crumlin Started shopfitting and refurbishing Sealink ferries Reduced other NI construction activity and increased investment in design and innovation

It aint half hot, Mum

Won large formwork contracts in Middle East Major public housing formwork contract in Iraq Completed Iraq contract almost 12 months ahead of schedule In 1985, bought the formwork system that is the basis of Mivan Formwork

Its that Mouse again

Won contract as the largest general contractor on Euro Disney in 1991 Merged construction and interiors skills to develop specialist theming expertise Targeted other theme operators and won US Disney, Warner Brothers and Islands of Adventure

Warner Bros.

Universal Studios, Florida

Mission: SPACE

Visioneering
By mid 1990s significant investment in R&D, design & technology offered opportunities for special projects
Cruise liner interiors Retail store interior outfitting Theming of parks and retail zones Full-size Titanic replica for Japan

Mivan invented visioneering if you have a vision, we can engineer it

Overseas visioneering
Working in the Middle East gave Mivan an advantage. As local economies improved, Mivan was well placed to capture prestige formwork-based contracts in Malaysia, Thailand and India In 1996, Mivan won a Queens Award for Export, winning more than 100m of new business in 1 year

More strategy
As international engineering became more competitive, Mivans overseas operations were less unique The latest review reduced dependence on competitive, falling-margin overseas work to concentrate on more niche, value-added formwork,interiors and cruise liners Latest activities include retail and residential developments in Romania Work has started on the Newtown Residence Development (over 630 apartments) & the Liberty Center Shopping Mall in Bucharest

Liberty Center

NewTown Residence

Bleach Green Northern Ireland

New development consisting of 63 properties Combination of detached, semidetached, townhouse and apartment units Total development cost circa 9 million Completed December 2006

Ardnavalley, Northern Ireland

New residential development Located in Comber, County Down Consists of circa 70 properties, comprised of detached, semidetached and apartment units Phase 1 scheduled for completion December 2008 Phases 2 & 3 to complete 2010 Total development cost circa 30 million

Cruise liners
Cruise contracts depend on a perfect reputation for completing contracts on time and on budget Mivan is now amongst the worlds leading cruise outfitters Clients include P&O Cruises, Royal Caribbean, Saga Shipping Recently completed a 0.5m contract at Sembawang Shipyards in Singapore for client Princess Cruises Currently pricing a 1.5m project to work at the Grand Bahama Shipyard

Interiors and theming

Interiors, like cruise liners demand speed, quality and financial control. Mivan works for:
Hotels such as the new Radisson Edwardian Hotel in London Prestige buildings, like Wembley, the Scottish Parliament and the new Civil Justice Centre in Manchester Apartments, including a 205 apartment block in Kensington, London, described as the worlds most exclusive (and expensive) address.

Mivan Interiors Museums & Visitor Attractions

O2 Waterfront, London
Client: Designer: Contract Period: Contract Value: Work Packages: Sir Robert McAlpine RTKL; Gensler July 2006 April 2007 8,500,000 Supply and install around 12,000 sq. m of art-deco style facades for the hospitality areas around the new arena in Greenwich.

Mivan Interiors - Hospitality

Wembley National Stadium
Client: Architect/Designer: Contract Period: Contract Value: Work Packages: Multiplex Constructions (UK) Ltd World Stadium Team (Foster/ HOK Sport) 13 months 5.5m Design, manufacture, supply of bar/restaurant counters, servery counters, kiosks, receptions, information desks, pay stations, waiter stations, player booths, press stations etc

Mivan Interiors
Radisson Hotel, New Providence Wharf
Client: Architect/Designer: Contract Period: Contract Value: Work Packages: Ballymore Properties Ltd Aukett Fitzroy Robinson 12 Months 7.9m Interior fit-out of the 169 no. bedrooms & bathrooms, corridors, front of house and leisure suite

Residential Developments
 Mivan currently negotiating the fit-out of 2 pavilions  Four linked residential Pavilions separating Hyde Park and Knightsbridge, London.  Mivan working to Candy & Candy; Laing ORourke & world class architects - Hamiltons; Rogers, Stirk & Harbour  Selling for in excess of 4k per sq ft with recorded sales of individual apartments reaching 84m

Why is Mivan still around?

Unwavering company-wide commitment to quality, innovation and process improvement The best salespeople are the workers, backed by training and personal development Total focus on customers making the customer say, Wow! A belief that marketing underpins everything Constantly reinventing ourselves

Questions? Growing Mivan Internationally

Ivan McCabrey Chief Executive Mivan