Formwork is incredibly profitable but it goes through cycles.
Industrial services is far more predictable, but ACF's margins are higher than competitors.
Over time, the complete EBITDA margins will reduce as industrial services becomes a bigger part.
In two years' time, three sites in south east Queensland will be consolidated into one. (Expensive).
Budget for Jump Form revenue is $12 million: it already has $5.9 million. ACF has spent $30 million on capital expenditure for this.
ACF has looked to diversify its revenue and profit sources: it reduced formwork revenue by $4 million in Queensland, but overall revenue increased nationally by $20 million.
20 per cent margin with Snowy Hydro, $1.2 million in monthly revenue by end of calendar 2024.
In Western Australia, despite not having much of a presence, it's already starting to kick goals.
Formwork is incredibly profitable but it goes through...
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