Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group

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Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group
WAT ES CONST RU CT ION

 Credentials
 2021

CREATING TOMORROW TOGETHER
Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group
For more info on Wates Construction
Wates Group                                        £1.45bn                                                        Wates Group
                                                                                                                                                                                                                                             go to wates.co.uk/construction

2020
                                                   Turnover*
                                                                                                                    56% saving in
                                                     £14.7m EBITDA*                                                 energy (kWh)                                                                                                           “ We have improved our productivity
                                                     (underlying: £26.1m)                                           since 2019                                                                                                               by embracing new ways of working,

in focus                                           Net assets                                                     £7.6m spent with
                                                                                                                                                                                                                                             making even better use of real-time data,
                                                                                                                                                                                                                                             technology and offsite manufacturing.
                                                   £142.0m                                                        social enterprises                                                                                                         Our strategy for growth will enable us

                                                                                                                                                          Wates
                                                                                                                                                                                                                                             to achieve a productivity revolution,
                                                                                                                                                                                                                                             maximise the potential of our people,
                                                    £1.7m Profit (PBT*)                                             £15.2m social                                                                                                            and collaborate in new ways with all

                                                                                                                                                          Construction
                                                     (underlying: £13.1m)                                           value generated                                                                                                          our partners.”
                                                                                                                                                                                                                                             Paul Chandler,

      Cash £215.9m (52% increase)                                                                                 £106.9m total                                                                                                              Executive MD, Wates Construction Group

                                                                                                                  tax contribution
         Net cash £161.6m

      Forward order book up 13.5% to £6.6bn
                                                                                                                                                      Wates Construction is a national              government-approved Site Operating              primary health project in record time
                                                                                                                                                      business working with a wide range            Procedures, which included social               at a moment of real need. The lessons
                                                                                                                                                      of customers, across the public and           distancing and enhanced safety and              learned will be instrumental in shaping
         Value of work won                                                                                                                            private sectors. The business is a            hygiene measures. By maintaining close          the future of the business.

         since start of pandemic – £1.8bn
                                                                                                                                                      partner on 65% of the UK’s leading            dialogues with our customers and supply
                                                                                                                                                      government frameworks, including for          chain, the business continued working
                                                                                                                                                                                                                                                    Restructuring
                                                                                                                                                      the Crown Commercial Services, the            on all but two of its projects. Every site
                                                                                                                                                      Department for Education (DfE), Homes         was operational by the autumn of 2020,          Recent organisational changes include
                                                                                                                                                      England, the Ministry of Justice, the         with productivity back to pre-pandemic          the creation of Wates Integrated
                                                                                                                                                      Ministry of Defence and Scape Procure,        levels by the end of the year.                  Construction Services (WICS), bringing
                                                                                                                                                      for which it has completed projects                                                           SES, WBS, Wates Drylining Services
       Wates Group                                                                                                                                    such as the carbon-neutral Braywick                                                           and Prism under one umbrella. Each
                                                                                                                                                      Leisure Centre in Maidenhead and                                                              business retains its unique capabilities
       3,578 people (at December 2020)                                                                                                                Nottingham College’s new landmark
                                                                                                                                                      City Hub campus.
                                                                                                                                                                                                                                                    and brand, with WICS making it easier
                                                                                                                                                                                                                                                    to share resources efficiently and to

      26.8 million hours worked                                                                                                                       The business has an established
                                                                                                                                                      presence in the residential sector, notably
                                                                                                                                                                                                                                                    share expertise, improving operational
                                                                                                                                                                                                                                                    effectiveness and speeding up the
      (construction sites)                                                                                                                            high-density city housing, student
                                                                                                                                                                                                                                                    adoption of modern methods of
                                                                                                                                                                                                                                                    construction.
                                                                                                                                                      accommodation and senior living. It is
       94% average site efficiency across 2020                                                                                                        a recognised leader in the design and
                                                                                                                                                      construction of schools, colleges and
                                                                                                                                                                                                                                                    The latest structural change is the
                                                                                                                                                                                                                                                    creation of four regional businesses,
                                                                                                                                                      universities, and has a growing presence                                                      each led by a Regional Managing
      5,449 new homes under construction                                                                                                              in the construction of health, science                                                        Director, to expand Wates’ national
                                                                                                                                                      and technology facilities.                    Work winning and new sectors                    footprint and support customers in

       713 sites under                                                                                            Wates Construction key facts
                                                                                                                                                      Coronavirus and a
                                                                                                                                                                                                    Wates Construction won new contracts
                                                                                                                                                                                                    with an aggregate value of more than
                                                                                                                                                                                                                                                    their local markets.

         construction                                                                                                                                                                                                                               Looking ahead
         (at December 2020)                                                                                          23 projects completed            ‘productivity revolution’
                                                                                                                                                      The unprecedented challenge of
                                                                                                                                                                                                    £500m during the initial months of the
                                                                                                                                                                                                    pandemic. This included five schools            Wates Construction will focus on
                                                                                                                     under COVID-19 Site Operating    COVID-19 proved a defining moment for
                                                                                                                                                                                                    under the new £3bn DfE Offsite                  exploiting the potential of WICS to

      c.500,000 homes                                                                                                Procedures                       Wates Construction, accelerating a process
                                                                                                                                                      of change which had been underway for
                                                                                                                                                                                                    Framework (MMC1). A highlight of 2020
                                                                                                                                                                                                    was our work to extend The Royal
                                                                                                                                                                                                                                                    drive innovation, efficiency and increased
                                                                                                                                                                                                                                                    use of offsite manufacturing. It will
      maintained in social                                                                                        >£500m new contracts                some time. This process has been based
                                                                                                                                                                                                    London Hospital to provide 176 Intensive
                                                                                                                                                                                                    Care Unit beds for COVID-19 patients.
                                                                                                                                                                                                                                                    continue to focus on meeting needs
                                                                                                                                                                                                                                                    of its private sector customers whilst
      housing sector                                                                                              secured during pandemic             on improvements in efficiency and
                                                                                                                                                                                                                                                    maintaining high levels of performance
                                                                                                                                                      productivity, embracing digital technology    In what would turn out to be a proof
                                                                                                                                                      and offsite manufacturing, and continuing     of concept like no other, undertaken in         on its strategic public sector frameworks,
         Facilities managed                                                                                          176-bed ICU facility completed   to pursue new and better ways of working.     the most pressured of situations, the           and increasing its presence in the health

         in 323 commercial                                                                                                five weeks                                                                Group mobilised its offsite manufacturing       sector. It will achieve this by, amongst
                                                                                                                     in                    for The    Wates was one of the few major
                                                                                                                                                                                                    facility, Prism; its M&E specialist SES         other things, encouraging an inclusive
         buildings                                                                                                   Royal London Hospital            contractors to keep its sites open
                                                                                                                                                      throughout the lockdown, pausing only
                                                                                                                                                                                                    Engineering Services (SES); as well as          environment to help attract and build a
                                                                                                                                                                                                    Wates Building Services (WBS), to work          diverse workforce of complementary
                                                                                                                                                      briefly for site teams to implement the                                                       talents and expertise.
                                                                                                                                                                                                    as one team to deliver an essential
   * Inclusive of share of joint ventures and associates (excludes share of taxation of joint ventures and associates).

   CO N ST R U C T I O N C R E D E N T I A L S 2 02 1
Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group
RESIDENTIAL
 HEALTHCARE CASE STUDY:                                                                                                                  EDUCATION CASE STUDY:                                                                       CASE STUDY:

The Royal London Hospital extension                                                                                                     Stowmarket                                                                                  Lillie Square
‘delivering the impossible’                                                                                                             High School                                                                                 development
The mission to convert two floors of                 success was based on smart logistics and                                           Delivered as part of a batch of schools       As well as providing careers and
a live hospital into fully functioning               an innovative, circular communication            “Our patients live in one         within the Priority Schools Building          mentoring opportunities for people
wards in five weeks seemed implausible.              structure, involving all parties with            of the most highly deprived,      Programme 2, Stowmarket is a £16.9m           in the community, the project has
To do it in the midst of a national                  minimal hierarchy. Day-one engagement            densely-urbanised and             new-build, three-storey high school           established close links with local schools.
health crisis felt almost impossible.                set the tone and six-hourly design               hyper-diverse parts of the        in Stowmarket, Suffolk. It will               During the project, nine former pupils
                                                     meetings, day and night, allowed                 country, with the highest rates   accommodate 1,125 pupils, including           visited the site to hear about the
Site conditions at The Royal London
                                                     everyone to support each other.                                                    150 Sixth Formers.                            project from the team and to share
Hospital were extremely difficult. Access                                                             of COVID-19. They deserve the
                                                     Completed 13 days ahead of schedule,                                                                                             their memories of the old school. The
for a total of 700 workers and materials                                                              best critical care services the   This project adopted Wates’
                                                     under extreme pressures, this project                                                                                            visitors were some of the first pupils
was via just two lifts, with two-metre                                                                NHS can provide. These new        standardised Adapt model, which
                                                     will leave a legacy long after this crisis                                                                                       who joined the intake of 450 pupils
grids laid out across the site floor to                                                               wards will be used for many       reduced time on site, improved quality
                                                     is over.                                                                                                                         when the original school was opened
maintain social distancing. Ever-evolving                                                             years to come, both during        and reduced defects. The project
                                                                                                                                                                                      in 1956.
knowledge of the coronavirus meant                   • Customer: Barts Health NHS Trust               this pandemic and to meet         incorporated dining and kitchen facilities,
hospital requirements changed daily.                                                                                                    a main hall, drama studio, activity hall      • Customer: Education and Skills
                                                     • 12 key supply chain partners                   other health needs of our
In the final 36 hours of the project,                                                                                                   and Special Educational Needs facilities.       Funding Agency (now ESA)
                                                                                                      local population.”                                                                                                            Part of the Earl’s Court regeneration,
12 renal beds were requested – meaning               • Offsite manufacturing                                                            The new school, which is based on the
                                                                                                                                                                                      • £16.9m value
installation of pipework, tanks and                                                                   Alwen Williams,                   footprint of the former 1950s building,                                                     these new-build apartments and
                                                     • Restricted access requiring innovative         Barts Health NHS Trust CEO
drainage. The project’s extraordinary                                                                                                   also provides extensive sports facilities,    • 1,125 pupils                                penthouses used Wates’ offsite
                                                       logistics solutions
                                                                                                                                        which will be available for use by the                                                      manufacturing facility, Prism, to
                                                                                                                                        local community.                                                                            manufacture all service risers and service
                                                                                                                                                                                                                                    cupboards, guaranteeing a high quality
                                                                                                                                                                                                                                    of product, and 3D sequencing to
                                                                                                                                                                                                                                    improve our control of the programme.
                                                                                                                                                                                                                                    Close collaboration with the customer’s
                                                                                                                                                                                                                                    project team also added an early works
                                                                                                                                                                                                                                    contract for subsequent phases, whilst a
                                                                                                                                                                                                                                    thorough design investigation during the
                                                                                                                                                                                                                                    pre-construction services agreement
                                                                                                                                                                                                                                    period resulted in the fan cooling units
                                                                                                                                                                                                                                    being redesigned, avoiding delays on site.
                                                                                                                                                                                                                                    The use of 3D sequencing for the build
                                                                                                                                                                                                                                    process resulted in a more seamless
                                                                                                                                                                                                                                    installation of the various prefabricated
                                                                                                                                                                                                                                    elements within the apartments.
                                                                                                                                                                                                                                    • 10,000 hours of work taken offsite
                                                                                                                                                                                                                                    • Just three days to install risers

   “This new facility is
   going to save lives, it’s
                                                                                                  Duration:   33 days
   as simple as that. I’ve
   been so impressed and                                                                          24/7 working
   inspired by the hard
   work from the brilliant                                                                        64,800 hours worked
   team that have made
   this possible. You truly
   are the best for
                                                                                                  176 bed stations created
   London”.
   Sadiq Khan, Mayor of London

CO N ST R U C T I O N C R E D E N T I A L S 2 02 1
Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group
SCAPE FRAMEWORK                                                                                                                            SCAPE CASE STUDY:                                                 SCAPE CASE STUDY:
                                                                                                     “The Scape framework is a
                                                                                                     world-class public sector                                                                                                                             Leadership
                                                                                                     procurement hub. It has become
                                                                                                     a strong driver of growth for        Braywick Leisure                                                  Nottingham                                     team
As an important strategic partner to Wates, the Scape public sector framework is
designed to embed efficiency and social value into construction projects. Wates has
                                                                                                     our business. The collaborative
                                                                                                     and dynamic way in which the
                                                                                                     framework operates fits perfectly
                                                                                                                                          Centre (leisure)                                                  City Hub
been a delivery partner on the framework for four years, supported by an extensive
local supply chain. Each project is managed to ensure delivery to an industry-leading
                                                                                                     with our Guiding Framework.                                                                            (higher education)
                                                                                                     Being part of Scape has made
standard with a focus on supporting the local economy. To date, Wates has completed
                                                                                                     us a better business.”                                                                                 Nottingham College campus opened
56 feasibilities, has £310m amount of projects either on site or completed and has
                                                                                                                                                                                                            in January 2021, providing 2,000 student
spent more than £1m with social enterprises.                                                         Steve Beechey,
                                                                                                     Group Public Sector Director
                                                                                                                                                                                                            places in a modern teaching space.
                                                                                                                                                                                                            The £58.5m project, which started on
                                                                                                                                                                                                            site in 2018, is the first to be completed    Mark Tant
                                                                                                                                                                                                            by Wates through the Major Works              MANAGING DIRECTOR,
                                                                                                                                                                                                                                                          WATES CONSTRUCTION
                                                                                                                                                                                                            UK framework, and is the result of a
 SCAPE CASE STUDY:                                                                                                                                                                                          partnership between the college,
                                                                                                                                                                                                            the council, and the local enterprise

Teesside University (student accommodation)
                                                                                                                                                                                                            partnership (LEP). It forms part of the
                                                                                                                                                                                                            council’s economic regeneration of
                                                                                                                                            “Braywick Leisure Centre offers a once in a lifetime            the city’s Broadmarsh area.
                                                                                                                                            opportunity to provide residents in Maidenhead
                                                                                                                                            with a state-of-the-art hub for sport, the arts and             Social value generated:
Through the Scape Venture framework,                 • 95% SMEs (Small and Medium                                                           a wide range of cultural events.”                               • 10 social enterprises engaged
which focuses on supporting public/                    Enterprises) engaged                          “The Cornell Quarter Project
                                                                                                                                                                                                            • 80% local spend
private partnerships and charitable
                                                     • Seven National Vocational Qualifications
                                                                                                     illustrates perfectly the benefits     Samantha Rayner, Cabinet Member for Culture and                                                               Helen Martin
                                                                                                                                            Communities, Royal Borough of Windsor & Maidenhead              • 87% local labour
organisations, Wates carried out                                                                     of the Scape Venture framework.                                                                                                                      REGIONAL MANAGING
                                                       (NVQs) delivered                                                                                                                                     • 143 new jobs created                        DIRECTOR, CENTRAL
feasibility works for urgently needed                                                                By bringing together the very best
accommodation for 300 students at                    • 100% cardboard and plastic recycled           of public and private procurement    Braywick is a major new leisure centre for Maidenhead,            • 6 HNC/degree qualifications
Teesside University for September 2020.                                                                                                   with the local community at the heart of its design.              • 24 NVQs attained
                                                     • 46/50 Considerate Constructors Scheme         expertise, the student
The resulting development, Cornell                     (CCS) score                                   accommodation and facilities         Delivered in 94 weeks with a contract value of £32m, the          • 98% of waste diverted from landfill
Quarter, is one of the largest schemes                                                               will be delivered with efficiency    centre has a total area of 9,700m2, incorporating a 10-lane,
                                                     • 98% of waste diverted from landfill
procured under the Scape Venture                                                                     and value for money, whilst          25m swimming pool; four squash courts; an eight-court
framework to date and only took 24                                                                   being rigorously performance         main sports hall; fitness studio; health spa and cultural hall,
weeks from initial inception (with a                                                                 managed throughout.”                 as well as a host of other facilities. Braywick will be 70%
feasibility assessment) to work starting                                                                                                  more efficient than the previous sporting hub, the Magnet
on site.                                                                                             Mark Robinson,                       Centre, and is a carbon-neutral project that showcases                                                          Phil Shortman
                                                                                                     Chief Executive, Scape Group                                                                                                                         REGIONAL MANAGING
                                                                                                                                          Wates’ commitment to sustainable construction.
                                                                                                                                                                                                                                                          DIRECTOR, LONDON
                                                                                                                                          Social value generated:

                                                                                       24 weeks from feasibility                          • 75% of workforce employed locally
                                                                                                                                          • £13.9m spent with local SMEs
                                                                                       inception to starting on site
                                                                                                                                          • £60,180 donated to local charities

                                                                                       £55.8k spent with social                           • 100 trees planted, offsetting 250 tonnes of
                                                                                                                                            carbon dioxide
                                                                                       enterprises                                                                                                          “The building is spectacular both inside
                                                                                                                                                                                                            and out and I know that staff and
                                                                                                                                                                                                                                                          Paul Dodsworth
                                                                                       92% local spend                                                                                                      students can’t wait to start using it. This
                                                                                                                                                                                                            is a major investment in education and
                                                                                                                                                                                                                                                          REGIONAL MANAGING
                                                                                                                                                                                                                                                          DIRECTOR, NORTH
                                                                                                                                                                                                            skills in Nottingham by the college, the
                                                                                       87% local labour                                                                                                     local enterprise partnership and the city
                                                                                                                                                                                                            council. These state-of-the-art teaching
                                                                                       20 new jobs created                                                                                                  facilities will inspire generations of
                                                                                                                                                                                                            students and equip them with the skills
                                                                                                                                                                                                            and knowledge they need to meet the
                                                                                                                                                                                                            needs of local, national and international
                                                                                                                                                                                                            employers, helping them and their city
                                                                                                                                                                                                            to thrive.”
                                                                                                                                                                                                                                                          Richard Shroll
                                                                                                                                                                                                            Carole Thorogood,                             REGIONAL MANAGING
                                                                                                                                                                                                            Chair of Governors at Nottingham College      DIRECTOR, SOUTH

CO N ST R U C T I O N C R E D E N T I A L S 2 02 1
Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group
Some of our     Head Office
                Wates House
customers and   Station Approach
                Leatherhead

partners        Surrey KT22 7SW
                Tel: 01372 861000
                constructioncomms@wates.co.uk

                wates.co.uk
Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group Credentials 2021 WATES CONSTRUCTION - CREATING TOMORROW TOGETHER - Wates Group
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