PowerPoint Presentation

[Audio] Welcome to our presentation on the financial analysis and recommendations for the N2 Road Projects, specifically the Ardee to Castleblayney and Clontibret to Border schemes..

[Audio] Our analysis aims to evaluate Jacobs Consulting Engineers and Bouygues SA to determine the most suitable project manager for these significant infrastructure upgrades..

[Audio] The N2 Ardee to Castleblayney and N2 Clontibret to Border Road schemes aim to upgrade sections of the N2/A5 Dublin-Derry Road in Counties Monaghan and Louth. The projects involve a partnership between Monaghan County Council, Louth County Council and Transport Infrastructure Ireland. The goal is to future-proof and improve these sections of road. Our analysis aims to evaluate Jacobs Consulting Engineers and Bouygues SA to determine the most suitable project manager for these significant infrastructure upgrades..

[Audio] First, let's delve into Jacobs Consulting Engineers. Founded in 1947 and headquartered in Dallas, Texas, Jacobs is a global leader in engineering and construction, with a presence in over 40 countries and a talent force of 60,000. The company boasts a rich portfolio of projects, including the Crossrail and HS2 High-Speed Rail Project in London, showcasing its technical expertise and commitment to sustainability..

[Audio] Turning our attention to Bouygues SA, a French conglomerate with a strong construction division. Since its inception in 1952, Bouygues has undertaken iconic projects like The Louvre Abu Dhabi and The Shard in London. With a workforce of 32,500, Bouygues demonstrates a profound capability in delivering complex construction projects worldwide..

[Audio] Our financial analysis covers several key areas, including profitability, liquidity, and asset management ratios. For instance, Bouygues SA's liquidity ratios, such as the current ratio of 0.99, indicate a tight liquidity position, which could be a concern for short-term obligations. On the other hand, Jacobs Consulting Engineers shows a healthier liquidity status with a current ratio of 1.54.

[Audio] Profitability Ratios: Gross Profit Margin (19.07%): This ratio indicates that Jacobs can generate profits efficiently from its revenue after accounting for the cost of goods sold. Operating Profit Margin (3.95%): Jacobs demonstrates a moderate ability to generate profits from its operations, reflecting efficiency in managing operational expenses. Net Profit Margin (3.63%): After considering all expenses, including taxes, Jacobs retains a moderate portion of revenue as net profit. Return on Assets (3.98%): This ratio shows that Jacobs efficiently utilizes its assets to generate income, with approximately 3.98% return on assets. Return on Equity (8.46%): The return on shareholders' equity is moderate, indicating that Jacobs provides a reasonable return for its shareholders. Current Ratio (1.54) and Acid Test Ratio (1.54): These ratios suggest that Jacobs's liquidity position is satisfactory, with current assets adequately covering current liabilities..

Activity Ratios / Efficiency Ratios An activity ratio broadly describes any type of financial metric that helps investors gauge how efficiently a company uses its assets to generate revenues and cash..

MARKET RATIOS Market value ratios are used to evaluate the share price of a company’s stock. These ratios help investors and analysts evaluate whether a company is overvalued or undervalued in the stock market..

Profitability Ratios Gross Profit Margin (19.07%) Jacobs’s ability to generate profits from its revenue after accounting for the cost of goods sold appears to be relatively healthy. Net Profit Margin (3.63%) After accounting for all expenses including taxes, Jacobs retains a moderate portion of revenue as net profit..

Profitability Ratios. Gross Profit Margin 55.63% This means that for every dollar Bouygues generated in sales, the company generated 55.63 cents in gross profit before other business expenses were paid. A higher ratio is usually preferred, as this would indicate that the company is selling inventory for a higher profit. 55.6%.

Activity Ratios / Efficiency Ratios. Non-Current Asset Turnover When the non-current asset turnover ratio of a company is greater than 1, the company is generating more revenue relative to its investment in non-current assets 1.6.

Profitability Ratios Gross Profit Margin (55.63%) Indicates strong profitability in generating revenue after accounting for the cost of goods sold. Operating Profit Margin (4.85%) Moderate at 4.85%, suggesting effective control over operating expenses. Net Profit Margin (2.01%) Represents the company's net profit as a percentage of total revenue, indicating a relatively low net profit margin. Return on Assets (1.71%) Modest at 1.71%, suggesting room for improvement in utilizing assets to generate profits. Return on Equity (6.69%) Moderate at 6.69%, indicating a decent return for shareholders..

Balance Sheet (in $) 2023 Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 9926756 6147686 16074442 3422561 3961487 6546220 13930268 Balance Sheet (in $) 2022 Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 9938425 6122082 16060507 3250845 4672660 6060056 13983561 Balance Sheet (in $) 2021 Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 10340714 5569982 15910696 3209924 4790126 5940041 13940091 Balance Sheet (in $) 2020 Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 7814754 4539599 12354353 2941597 3557089 5815712 12314398 Balance Sheet (in $) % Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 0.61754902596307848 0.38245097403692146 1 0.21291942824516086 0.24644631521268359 0.40724399640124365 0.86660973985908807 Balance Sheet (in $) % Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 0.61881141112170368 0.38118858887829632 1 0.2024123522376971 0.29094100204931261 0.37732656883123306 0.87067992311824283 Balance Sheet (in $) % Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 0.6499221655671128 0.35007783443288715 1 0.20174629695646248 0.30106325958336455 0.37333633927767834 0.87614589581750546 Balance Sheet (in $) % Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 0.63255064834232921 0.36744935165767079 1 0.23810206815362975 0.28792191707651543 0.47074193201376063 0.99676591724390584.

Revenue 2023 2022 2021 2020 16352414 14922825 14092632 13566975 Cost of sales 2023 2022 2021 2020 -12879099 -11595785 -11048860 -10980307 Gross profit 2023 2022 2021 2020 3473315 3327040 3043772 2586668 Operating profit 2023 2022 2021 2020 1075237 917850 688089 535973.

2022 Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 31013000 29582000 60595000 29961000 16702000 12212000 58875000 % Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 2021 Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 21675000 22967000 44642000 22138000 9715000 11144000 42997000 % Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 2020 Non-current assets Current assets Total Assets Current liabilities Non-current liabilities Equity Total Equity & Liabilities 21486000 19126000 40612000 19384000 9356000 10401000 39141000.

Revenue 2022 2021 2020 44322000 37589000 34694000 Cost of sales 2022 2021 2020 -19311000 -16740000 -15395000 Gross profit 2022 2021 2020 25011000 20849000 19299000 Operating profit 2022 2021 2020 2044000 2138000 1682000.

Profitability Ratios. Jacobs 2023 2022 2021 2020 1.01 0.92 0.88 1.0900000000000001 Bougues 2023 2022 2021 2020 0.91 0.73 0.84 0.85.

Market Ratios. Jacobs Engineering: Market ratios suggest moderate investor interest, with a reasonable Price to Earnings ratio. Bouygues SA: Bouygues SA also shows moderate market ratios, although their Price to Earnings ratio has been lower compared to Jacobs Engineering..

20. THANK YOU. References: Bouygues (2020) 2020 Integrated Report: Making Progress Become Reality: Bouygues Bouygues (2022) 2022 Integrated Report: Making Progress Become Reality: Bouygues. Bouygues (2023) 2023 Integrated Report: Making Progress Become Reality: Full Year Report 2023: Bouygues. https://www.bouygues.com/en/bouygues-construction/.