In the company - analysts' call from 1000 hours, CEO and MD Daniel Tartak said the pipeline of one aspect of the business was now up nine per cent in NSW and four per cent in Victoria.
CFO Chris Jeffrey said that BIN's 'defensive' post-collections business would continue to have increased weighting in the business. Low barriers to entry in collections adversely affected margins in 1H 21. This builds on a previous 'HC' contributor's suggestion that 'anyone can pick up skip bins but most don't have technology once it's collected'.
BIN with its positive cashflow and forecast declining capital expenditure will move from an 'investment phase' to a 'cash generation phase'.
Most of BIN's lead and lag indicators have been revised upwards since August 2020, a very important point Mr Tartak made.
There's $185 billion in government stimulus over the next four years of which BIN will capture a share.
Building and demolition work should rise by 21 per cent in NSW and 15 per cent in Victoria (slide 24).
Sydney Metro (NSW), Monash Freeway (Vic) and North East Link are some projects in which BIN is involved.
BIN Price at posting:
$3.19 Sentiment: Hold Disclosure: Held
