Inside the stunning turnaround of SKS Technologies with CEO Matthew Jinks
From a near-failing 4¢ stock to a $1B powerhouse: CEO Matthew Jinks on how SKS Technologies bet big on Australia's data-centre boom.
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Matthew Jinks is at the coalface of the data centre boom taking place in Australia. Jinks is the CEO of a small Victorian-based commercial electrical business called SKS Technologies (ASX:SKS). These days, the business is not so small. In the last three years, the stock has been up approximately four and a half thousand per cent, and today its market value is hovering around $1 billion.
Jinks and his board, which included other family members, decided several years ago to go all-in on the nascent data centre industry. Today, data centres account for 85% of the company's revenue. It took a while, but the US-based hyperscalers eventually identified Australia as an attractive investment destination, and soon enough, the money started to flow. For Jinks, himself a trained electrician, it has been a stunning turnaround.
In this episode of Success and More Interesting Stuff, Jinks shares his views on Australia's data-centre build out and how SKS Technologies is growing to meet demand for the electrical services required to deliver on this booming industry.
Time codes
- 0:00 - Introduction
- 2:08 - What SKS Technologies does in data centres
- 5:30 - Managing exponential growth in demand for electricians
- 9:27 - Origins of the Jinks Family business
- 14:08 - Why attitude is everything
- 16:40 - Selling and then buying back the family business
- 22:19 - A tough period: Sacrificing short term profits for future growth
- 29:25 - An early data centre opportunity with AirTrunk
- 32:26 - Making data centres the focus and scaling the business
- 34:34 - Where are we in the data centre evolution
- 42:21 - Will there be a shortage of electricians?
- 47:50 - Thinking beyond data centres
- 51:52 - Developing business skills as an CEO
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Matthew is the Principal and Portfolio Manager at Centennial Asset Management. Prior to this, Matthew was the CIO at Wilson Asset Management between 1998 and 2011, achieving 18% p.a. over the period.
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Matthew is the Principal and Portfolio Manager at Centennial Asset Management. Prior to this, Matthew was the CIO at Wilson Asset Management between 1998 and 2011, achieving 18% p.a. over the period.
Expertise
Matthew is the Principal and Portfolio Manager at Centennial Asset Management. Prior to this, Matthew was the CIO at Wilson Asset Management between 1998 and 2011, achieving 18% p.a. over the period.
Expertise
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