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Growing Mivan Internationally. Ivan McCabrey Chief Executive Mivan. 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

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Growing Mivan Internationally

Ivan McCabrey

Chief Executive

Mivan


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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 Today


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Largest general contractor at Euro Disney

Refurbished the QE2 and world’s leading liners

Re-roofed Jerusalem's the Dome of the Rock

Queen’s 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

Mivan – some notable firsts






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Type of Business

Mivan – Company Profile

  • 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


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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 – the beginning


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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 - just another builder


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Mivan lacked unique products & services

Marketing could differentiate Mivan from competitors

Interiors paid better than exteriors

Overseas offered large project opportunities

Mivan- strategy outcomes


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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

…then along came Interiors


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Won large formwork contracts in Middle East sq ft. in Crumlin

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

It ain’t half hot, Mum


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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

Its that Mouse again…


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Warner Bros. Disney in 1991



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Mission: SPACE Disney in 1991


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By mid 1990’s 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

Visioneering


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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 Queen’s Award for Export, winning more than £100m of new business in 1 year

Overseas visioneering


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As international engineering became more competitive, Mivan’s 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

More strategy


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Liberty Center Mivan’s overseas operations were less unique


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NewTown Residence Mivan’s overseas operations were less unique


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Bleach Green – Northern Ireland Mivan’s overseas operations were less unique

  • New development consisting of 63 properties

  • Combination of detached, semi-detached, townhouse and apartment units

  • Total development cost circa £9 million

  • Completed December 2006


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Ardnavalley, Northern Ireland Mivan’s overseas operations were less unique

  • Phase 1 scheduled for completion December 2008

  • Phases 2 & 3 to complete 2010

  • Total development cost circa £30 million

  • New residential development

  • Located in Comber, County Down

  • Consists of circa 70 properties, comprised of detached, semi-detached and apartment units


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Cruise contracts depend on a perfect reputation for completing contracts on time and on budget

Mivan is now amongst the world’s 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

Cruise liners


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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 world’s most exclusive (and expensive) address.”

Interiors and theming


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Mivan Interiors – Museums & Visitor Attractions financial control. Mivan works for:

O2 Waterfront, London

Client: Sir Robert McAlpine

Designer: RTKL; Gensler

Contract Period: July 2006 – April 2007

Contract Value: £8,500,000

Work Packages: Supply and install around 12,000 sq. m of art-deco style facades for the hospitality areas around the new arena in Greenwich.


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Mivan Interiors - Hospitality financial control. Mivan works for:

Wembley National Stadium

Client: Multiplex Constructions (UK) Ltd

Architect/Designer: World Stadium Team (Foster/ HOK Sport)

Contract Period: 13 months

Contract Value: £5.5m

Work Packages: Design, manufacture, supply of bar/restaurant counters, servery counters, kiosks, receptions, information desks, pay stations, waiter stations, player booths, press stations etc


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Mivan Interiors financial control. Mivan works for:

Radisson Hotel, New Providence Wharf

Client: Ballymore Properties Ltd

Architect/Designer: Aukett Fitzroy Robinson

Contract Period: 12 Months

Contract Value: £7.9m

Work Packages: Interior fit-out of the 169 no. bedrooms & bathrooms, corridors, front of house and leisure suite


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Residential Developments financial control. Mivan works for:

  • 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 O’Rourke & world class architects - Hamiltons; Rogers, Stirk & Harbour

  • Selling for in excess of £4k per sq ft with recorded sales of individual apartments reaching £84m


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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

Why is Mivan still around?


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Questions? and process improvement

Growing Mivan Internationally

Ivan McCabrey

Chief Executive

Mivan