Wilson Bayly Holmes-Ovcon Limited (JSE:WBO)

Wolfgang Neff
Market Cap (AUD): 6.85B
Sector: Industrials
Last Trade (AUD): 115.57 +1.24 (+1.07%)
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1. About

Wilson Bayly Holmes-Ovcon Limited (JSE:WBO) is one of the largest construction companies in Southern Africa. The driving force behind WBHO is a core of dedicated, hands-on management professionals whose experience spans decades of major construction projects in southern Africa, the Middle East and various Indian Ocean islands.

Group Structure

Building and civil engineering

WBHO’s building division is recognised as a leader in the South African building industry. Having established a reputation for quality, reliability and delivering against budget the division regularly exceeds client expectations. The division is able to negotiate a number of projects every year as a result. The Civil engineering division adds diversity to the division’s margin streams and strengthens the overall earnings.

Roads and earthworks

The Roads and earthworks division which operates across multiple traditional civil engineering disciplines, has through strategic acquisitions gained exposure to a number of additional specialist disciplines. The division has a particular strength when operating in Africa and has developed a successful formula for trading in the region. The division differentiates itself with its modern fleet of plant and effective teams who are encouraged to work together with consultants and clients to the mutual benefit of all parties.


WBHO entered the Australian market in 2000 after acquiring an initial 40% interest in Probuild Constructions. A decade later, with WBHO’s support, Probuild has developed into a tier one contractor having shown consistent yet controlled growth throughout the period. Key to the success of this relationship has been the similar nature of the values, culture and attitudes of management.

Other operations

The overriding purpose of WBHO’s Other operations is to expose the group to a range of diversified margin streams within the boundaries of the construction environment, in order to provide a stable earnings platform for the group’s shareholders. These markets include private public partnerships, concession arrangements and turnkey projects as well construction materials and property investments.

The Group's vision is to be the leading construction company wherever it operates.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk