Koninklijke Heijmans N.v. · EURONEXT:HEIJM
Koninklijke Heijmans — Heijmans — FY2021 Earnings Presentation
90 slides from Koninklijke Heijmans's earnings presentation, February 2022
Slide 1: Heijmans Business Update
Heijmans Business Update ROADSHOW BOOKLET, FEBRUARY 2022, BASED ON 2021 FULL YEAR RESULTS
Slide 2: About Heijmans
2 About Heijmans Full year Actual Actual (amounts in million €) 2021 2020 • Founded in 1923, listed at Amsterdam Stock Exchange since 1993; Revenues 1.748 1.746 • Market cap of over € 300 million, share price increase of 60% in 2021 Orderbook 2.061 1.946 following improved outlook; Underlying EBITDA
Slide 3: Heijmans investment case
3 Robust Balance Sheet Best in class Risk Management Solvency of 30% Independent and seasoned R isk Office Net cash position Well defined risk categories and risk appetite R obust commitment of lenders Evolved go / no go procedures incl BoD involvement Strong working capital management Continuous, d
Slide 4: Key figures 2021
4 Key figures 2021 (x € 1 million) H2 2021 H2 2020 2021 2020 Revenues 867 907 1.748 1.746 Underlying EBITDA* 71 44 106 85 Result after tax 40 25 50 40 Earnings per share (in €) 1,81 1,14 2,24 1,85 Order book 2.061 1.946 2.061 1.946 Net debt (cash) -91 -37 -91 -37 Solvency 30% 29% 30% 29% Number of F
Slide 5: Contents
5 Contents • Company profile 6 - 15 • Strategy 16 - 31 • Environmental, Social, Corporate Governance (ESG) 32 - 39 • Dutch construction market 40 - 49 • 2021 FY results / Outlook 50 - 63 • Financing, cash flow, financial statements 64 - 69 • Case studies 58 - 68 • Appendices 70 - 80 • Resumes Execut
Slide 6: Company profile
HEIJMANS ONE Company profile 6
Slide 7: History
7 COMPANY PROFILE History 1923 – founded by Jan Heijmans as Infra company 1945 and beyond - strong growth following WWII 1960’s - diversification towards residential building 1980’s - diversification towards property development 1993 – listing on Amsterdam Stock Exchange 1993/2007 – strong growth th
Slide 8: Organisation chart
8 Organisation chart Heijmans N.V. Risk Management Communications / IR Property Development Property Building & Infrastructure Development Technology
Slide 9: Heijmans at a glance
9 • Approximately 4,700 employees work on a daily basis for COMPANY PROFILE these business segments in the Netherlands. More than 99% of these employees are covered by a collective labour agreement. • Ambition to achieve a leading position on quality, Heijmans at a glance sustainability and profitab
Slide 10: Restructuring provides potential
Jul-2009 July-2016 Apr-2021 € 100 mln Dec-2012 Jan-Apr 2017 2018 Strategy Focus, Extension Rights issue 2011 250 FTE Dec-2014 Disposal of Strategy Discipline, credit facility Dec-2009 Restructuring reduction 350 FTE reduction Franki, Heijmans Better, Excellence until 2025 1.300 FTE Oevermann Residen
Slide 11: Competitive strengths
Living (Residential and Property Development) • Development of urban and rural areas in both small and 11 large-scale projects with combination of own land bank COMPANY PROFILE positions & tender activity • Combining creativity and customer focus with strong knowledge of production process and affor
Slide 12: Living: Property Development
12 COMPANY PROFILE Living: Property Greenville – Leidsche Rijn Utrecht Development Property Development focuses on area development of both large and smaller-scale projects in urban and out-of-town areas. It fulfills the role of both initiator, developer and seller of (mainly) residential properties
Slide 13: Living: Residential
ent Housing Technical University - Eindhoven 13 COMPANY PROFILE Living: Residential Residential Building operates from five regions under central management. Its prime activity is new-build, but it also includes the restoration, redevelopment and renovation of houses. Being both Property Development
Slide 14: Working: Non Residential
14 COMPANY PROFILE Working: Non Residential Non-Residential designs, creates and maintains high-quality electro-technical and mechanical installations (‘Services’), with a growing portion of long term maintenance contracts. It also realises large-scale and complex construction projects in the market
Slide 15: Connecting: Infrastructure
15 COMPANY PROFILE Connecting: LAUWERSMEER DYKE ENHANCEMENT Infrastructure Infra focuses on the construction, improvement and maintenance of the Dutch infrastructure and public spaces, including related installations and on-site objects. This includes roads, viaducts, tunnels, locks, dykes, water tr
Slide 16: Strategy
WINTRACK II - TENNET WIND PARK WIERINGERMEER DRINKING WATER PIPELINE – LOOSBROEK Strategy 16
Slide 17: Strategy until 2023
17 Strategy until 2023 STRATEGY FROM TO VISION: SPACIAL CONTOURS OF STRATEGIC AGENDA BASED 8 STRATEGIC THEMES TRANSLATED TOMORROW ON 3 MAIN THEMES INTO OPERATIONAL KPI’S Developments within Heijmans • To build on ‘Focus, discipline, excellence’ strategy of 2018-2019 to further enhance risk managemen
Slide 18: Strategy until 2023: Better
18 Strategy until 2023: STRATEGY “Better” Better Strategic theme Bold statements Concrete goals Safety We work safely or w e do not We w on't be satisfied until we have 0 accidents w ork at all IF rate < 1 in 2023 In 2023 w e have reached stage 4 of the 'safety ladder' in all our business segments R
Slide 19: Better
# ACCIDENTS STRATEGY - HEIJMANS % projects that contribute to profit Better (based on #) • -/- 22% decrease in number of accidents • No bleeders, well balanced portfolio where all our businesses contribue to the bottom-line. SICK LEAVE RATE • Sick leave rate impacted by corona 19
Slide 20: Strategy until 2023: Smarter
20 Strategy until 2023: STRATEGY “Smarter” Smarter Strategic theme Bold statements Concrete goals Digitalisation Digital construction is as Every project w e w ork on has a digital tw in in 2023 important to us as We succesfully introduce 5 data driven services to the market each year physical const
Slide 21: Smarter
STRATEGY - HEIJMANS % project that reaches BIM target- levels # INTRO OF DATA DRIVEN SERVICES Smarter • Step up in use of Building Information Model (BIM) and introduction of #9 data driven services in 2021 # CONCEPT HOMES • Further roll-out of concept homes towards apartments – keeping customizatio
Slide 22: Strategy until 2023: Sustainable
22 Strategy until 2023: STRATEGY “Sustainable” Sustainable Strategic theme Energy Bold statements Our production is CO2-neutral Concrete goals As of 2023, Heijmans is CO2 neutral. We offset any residual value and w e create energy-neutral In 2023, w e can produce w ithout emission, in 2030 this is t
Slide 23: Sustainable
STRATEGY - HEIJMANS % proportion use of recycled material Sustainable • CO2 emission decreasing due to investments in cleaner equipment (-7%) and disposal of asphalt factories to a non-consolidated joint venture # projects to which initiatives related to climate adaptation and biodiversity • Frontru
Slide 24: Renovation Binnenhof / First Chamber – The Hague
RENOVATION BINNENHOF / FIRST CHAMBER – THE HAGUE
Slide 25: Strategy Property Development
25 STRATEGY Strategy Property Development Long term goal • Very strong demographic growth fundamentals hampered by various regulatory issues that impact Property pipeline, including designation of new development areas by government, changes in environmental Development: stable EBITDA- and private q
Slide 26: Monument Westerlicht in Alkmaar after renovation
MONUMENT ‘WESTERLICHT’ IN ALKMAAR AFTER RENOVATION
Slide 27: Strategy Building & Technology
27 STRATEGY Strategy Building & Technology Long term goal: • Building & Technology includes residential and non-residential activities, with commercial focus stable EBITDA- based on core competencies: Margin of 4-6% › Services: armed with its installation expertise, B&T is looking to forge more mult
Slide 28: Asset management Terneuzen lock, Wilhelmina lock Zaandam
ASSET MANAGEMENT TERNEUZEN LOCK WILHELMINA LOCK ZAANDAM N280 ROERMOND - INFRA HORIZONTAL DIRECTION DRILLING (HDD) - INFRA BEATRIX LOCK PPP - NIEUWEGEIN
Slide 29: Strategy Infra
29 STRATEGY Strategy Infra Long term goal: • Balanced portfolio of centralised projects, regions / asset management, and specialisms, each stable EBITDA- roughly 1/3 of turnover. Margin of 4-6% • Focus markets: Mobility (mainly line infrastructure + wet infra), Energy and Urban areas • Focus on safe
Slide 30: Crosscover X-Roof solar panels, Bikescout
CROSSCOVER X-ROOF SOLAR PANELS (PARTNERSHIP WITH EXASUN) BIKESCOUT TYRE PRESSURE SENSOR TECHNOLOGY IN ROADS
Slide 31: Focus on innovation
Examples of innovations: 31 • Heijmans ONE portable house > 200 houses now sold; STRATEGY • Smart and efficient building management by using sensor technology to generate data on comfort, occupation and usage through Beyond Eyes technology: 10,000+ sensors installed; • Smart living concept: standard
Slide 32: Environmental Social Corporate Governance
ZUIDERHAVEN, HARLINGEN Environmental Social Corporate Governance 32
Slide 33: ESG
Ranking / certification Institute Score ‘20/’21 • Increased sustainability requirements in 1 Forrest50 FSC 2nd 33 2 Carbon disclosure CDP B residential and non residential buildings 3 Transparency benchmark Ministry of Economic 12th ESG 4 ISO 14001 Affairs & Climate Kiwa N/A • Nature inclusive area
Slide 34: EU Taxonomy
EU Taxonomy • EU Green Deal includes high ambitions to transform and arrive at a more sustainable society > major implications for the construction industry • EU taxonomy: framework of requirements for companies, investors and auditors to promote accountability and transparency on the sustainability
Slide 35: Heijmans and climate change
Heijmans and climate change • Heijmans CO2 footprint: around 28,000 tonnes of CO2 in 2021 • Decline of around 6% versus 2020, which also takes into account: › The disposal of the asphalt plants in late 2020 › All scope 1 and 2 activities › Separate ambitions formulated for a number of significant sc
Slide 36: Asset management Terneuzen lock, Wilhelmina lock Zaandam
ASSET MANAGEMENT TERNEUZEN LOCK WILHELMINA LOCK ZAANDAM BEATRIX LOCK PPP - NIEUWEGEIN
Slide 37: ESG policy Heijmans
37 ESG policy Heijmans • Digitalisation / Production technology: several initiatives to improve efficiency of materials and impact on environment • Energy: target to be CO2 neutral in 2030. • Materials: we aim for 100% circularity in new projects in 2023 • Space: our developments are green, blue and
Slide 38: ESG policy Heijmans
38 ESG policy Heijmans • Safety: With our GO! Programme we aim for IF rate < 1 in 2023 • Process improvement: strong focus on performance measurement and customer satisfaction against clear targets • Quality of the organization: HR policy to bind, attract & retain employees. Programmes for trainees,
Slide 39: ESG policy Heijmans
39 ESG policy Heijmans • Risk management & Process improvement › Full implementation of Corporate Governance Code, Compliance Office and Integrity commission › Strong lines of defense, including Internal Audit and Risk Office • Quality of the organization: Transparent interaction with stakeholders (
Slide 40: Dutch Construction Market
LIGHT ART THE SWARM IN EINDHOVEN (WON THE ZUIDASDOK NATIONAL STEEL AWARD–2020) AMSTERDAM Dutch Construction Market 40
Slide 41: Nitrogen issue explained
DUTCH CONSTRUCTION MARKET 41 Nitrogen issue explained • NL: 166 designated ‘natura 2000’ areas: nature areas protected by European law • 118 with habitats sensible to nitrogen emissions • Until May 2019, the “Program Approach Nitrogen” (PAS) allowed to include positive effects of future developments
Slide 42: Nitrogen: impact Heijmans
DUTCH CONSTRUCTION MARKET 42 Nitrogen: impact Heijmans • Heijmans: Technical solutions / innovations are being explored • Government: several upcoming measures need to be reconsidered with additional focus on ‘compensation measures’ in requirements • Until now, no Heijmans projects in execution are
Slide 43: PFAS issue explained
DUTCH CONSTRUCTION MARKET 43 PFAS issue explained • PFAS is a family name for 6.000 material, including Pfos, Pfoa and GenX and is being used for decades in all kind of applications • PFAS is strong, mobile (especially in water) and hardly degradable • Hundreds of locations known in the Netherlands,
Slide 44: Wintrack II – Tennet Infra
heijmans WINTRACK II - TENNET INFRA 44
Slide 45: Tennet arbitration
45 Tennet arbitration • Project awarded in February 2017 with original contract value of appr. € 250 mln • Two contracts for the design and construction of innovative, hybrid (steel/concrete) pylons on two new high-voltage transmission lines, Eemshaven-Vierverlaten and Borssele- Rilland, to be carri
Slide 46: Dutch housing market
Dutch housing market DUTCH CONSTRUCTION MARKET 46 Shortage indicator (houses for sale / # transactions) Average sales price houses (in absolute amounts and annual growth rate) Existing homes New build homes Source: NVM annual update Q4 2021 (January 2022) Expected annual growth in demand for homes a
Slide 47: Dutch market
47 • EIB (January 2022) reported a 2% increase of the sector in DUTCH CONSTRUCTION MARKET ‘21 and expects a 5% and 4% increase in 2022 and 2023, resulting in stronger pressure on labor market. • Considerable differences across subsectors remain (EIB), with renovation subsector showing strong growth
Slide 48: Dutch housing market
Dutch housing market 48 Housing shortage in 2021 and 2034 across the country Growth in households across the country (2021-2034) Source: Primos (2021)
Slide 49: Dutch housing market
DUTCH CONSTRUCTION MARKET 49 Dutch housing market Fundamentals have improved considerably since 2014 after 7 years of declining market: • Historically low interest rates, increased consumer confidence and government policies (limiting tax deductibility and revised social housing policy) have resulte
Slide 50: Heijmans annual results: 2021 excellent year, solid basis for 2022
GZG DEVELOPMENT – ‘S HERTOGENBOSCH “Heijmans annual results: 2021 excellent year, solid basis for 2022” Ton Hillen, CEO Heijmans N.V. Gavin van Boekel, CFO Heijmans N.V. 50 February 18, 2022
Slide 51: Safety
51 Safety Trend number of accidents (incl. subcontractors and Trend IF figure (own employees, incl. insourced workers) temporary employees) *IF- Injury Frequency = number accidents resulting in absence over the past 12 months / number of hours worked over the past 12 months* 1,000,000 (Target: IF <
Slide 52: One concept, Various applications
One concept, Various applications HEIJMANS HOMEBRAND HOUSES – RESIDENTIAL FULLY STANDARDISED PROCESS
Slide 53: Highlights 2021
53 Highlights 2021 2021 an excellent year, solid basis for 2022 Underlying EBITDA up to € 106 million on comparable revenue (margin 6.1%) Net result rises to € 50 million in 2021, 25% higher than in 2020 Order book remains at a good level at € 2.1 billion Balance sheet improves again: high
Slide 54: Schiphol main contractor contract was extended in 2021
54 SCHIPHOL MAIN CONTRACTOR CONTRACT WAS EXTENDED IN 2021
Slide 55: Progress last 5 years
55 Progress last 5 years Steady revenue growth with focus on margin improvement……resulted in doubled underlying EBITDA, with all sectors performing within bandwidth of targeted margins in 2021 Underlying EBITDA Turnover and underlying EBITDA margin 120 2.000 7,0% 110 106 100 1.800 6,0% 90 85 1.600 8
Slide 56: Pilot Beyond Eyes data driven services
PILOT BEYOND EYES DATA DRIVEN SERVICES AEGON HEAD OFFICE THE HAGUE BUILDING & TECHNOLOGY > NON RESIDENTIAL SERVICES
Slide 57: Property development: rising revenue, good results
57 Property development: rising revenue, good results (x € 1 million) H2 2021 H2 2020 2021 2020 Revenues 260 258 548 482 Underlying EBITDA 17 16 36 30 Underlying EBITDA margin 6,5% 6,2% 6,6% 6,2% Order book 595 540 595 540 • Underlying EBITDA up by 20% compared with 2020 • Rising sales prices pushed
Slide 58: Building & Technology: highest profit growth
58 Building & Technology: highest profit growth (x € 1 million) H2 2021 H2 2020 2021 2020 Revenues 406 450 789 920 Underlying EBITDA 18 11 34 25 Underlying EBITDA margin 4,4% 2,4% 4,3% 2,7% Order book 1.224 1.101 1.224 1.101 • Revenue declines by 14%, mainly due to temporarily lower volume in non-re
Slide 59: Infra: looks back at an excellent year
59 Infra: looks back at an excellent year (x € 1 million) H2 2021 H2 2020 2021 2020 Revenues 363 352 738 662 Underlying EBITDA 38 20 41 37 Underlying EBITDA margin 10,5% 5,7% 5,6% 5,6% Order book 712 731 712 731 • Revenue rises by 11.5% • Excellent project results combined with no loss-making projec
Slide 60: Taxes
60 Taxes • The effective tax rate was 8.5% in 2021 (2020: -/- 0.3%), significantly lower than the nominal tax rate, due to the recognition of previously unrecognised losses • New legislation related to tax loss settlement from 2022: › If pre-tax profit > € 1 mln: tax must be paid on 50% of excess am
Slide 61: Cash flow and financing
61 Cash flow and financing • Net cash position improves to € 91 million, on balance an improvement of € 54 million • Working capital remains at a healthy level due to continued strong pre-financing conditions and fast receivables collection • Solvency improves again to 30.1% (2020: 28.8%). Balance s
Slide 62: Rail underpass at Contactweg in Amsterdam
RAIL UNDERPASS AT CONTACTWEG IN AMSTERDAM: 75% RECYCLED CONCRETE OPENING SOLAR HIGHWAYS
Slide 63: Outlook 2022
63 Outlook 2022 • Slight increase in revenue with comparable underlying EBITDA • Well distributed order book at € 2.1 billion • Heijmans well positioned in growth markets • Government plans will have to be translated into concrete measures • Full of confidence towards centenary in the spring of 2023
Slide 64: Financing, Cash flow, Financial statements
KONINGSTUNNEL – THE HAGUE Financing, Cash flow, Financial statements 64
Slide 65: Financing in place
65 Main characteristics Syndicated Loan Facility: Financing in place • Facility with ABN Amro, ING and Rabobank, most recently amended and extended in April 2021 • Total committed amount of € 117.5 mln, with € 20 mln The most significant financing arrangements include: of this in the form of an over
Slide 66: Willemspoort North - Residential
ANDERE FOTO VAN FENIX I WILLEMSPOORT NORTH - RESIDENTIAL WILLEMSPOORT NOORD, ‘S-HERTOGENBOSCH
Slide 67: Financial covenants
Amounts in € millions 2021 FY 2020 FY ** Reported Net debt -90,7 -37,2 67 Adjustments: Net debt Joint Ventures 8,2 33,6 Net debt non recourse project financings -33,6 -40,3 Cumulative preference shares B -30,7 -41,8 Other 2,4 1,9 Net debt covenants (A) -144,4 -83,8 Reported EBITDA 89,0 89,8 Extraord
Slide 68: Statement of profit or loss
68 (x € 1 million) H2 2021 H2 2020 2021 2020 Revenues 867 907 1.748 1.746 Property development 17 16 36 30 Statement of Building & Technology 18 11 34 25 Infra 38 20 41 37 Corporate/other -2 -3 -5 -7 profit or loss Underlying EBITDA Adjustment operating result joint ventures 71 -7 44 5 106 -11 85 10
Slide 69: Balance sheet
in € mln. 31 December 2021 31 December 2020 Non-current assets 69 Property, plant and equipment 59 45 Rights of use leased assets 74 82 Intangible assets 74 75 FINANCIAL STATEMENTS Share in joint ventures and associates 82 73 Loans to joint ventures 21 23 Deferred tax assets 33 35 343 333 Current as
Slide 70: Case studies
ELASTOCOAST - WADDENZEEDIJK Case studies 70
Slide 71: Project: Noorderhaven area development, Fenix Rotterdam
PROJECT: NOORDERHAVEN AREA DEVELO SECTOR: PROPERTY DEVELOPEMENT IN COMBINATIO BUILDING & TECHNOLOGY (RESIDE ORIGINAL CONTRACT SUM: € 60 MLN (FIELD 2/3 ONLY, MU PLOTS ALREADY COMPLETED AND STILL TO BE DEVE START: EARL COMPLETION: Q FENIX, ROTTERDAM
Slide 72: Project: Vertical Amsterdam Sloterdijk
PROJECT: VERTICAL AMSTERDAM SLOTERDIJK PROJECT: SECTOR: PROPERTY NEW AMSTERDAM DEVELOPEMENT COURT HOUSE IN COMBINATION WITH SECTOR: BUILDING & TECHNOLOGY > NON RESIDENTIAL SERVICES BUILDING & TECHNOLOGY > HIGH RISE RESIDENTIAL BUILDINGS ORIGINAL CONTRACT SUM: € 60 SIZE: MLN START: EARLYSTART: 2020 M
Slide 73: Project: New Amsterdam Court House
PROJECT: NEW AMSTERDAM COURT HOUSE SECTOR: BUILDING & TECHNOLOGY > NON RESIDENTIAL PROJECTS ORIGINAL CONTRACT SUM: € 216 MLN (90% SHARE) START: 2016 COMPLETED Q1 2021, NOW IN NEW AMSTERDAM MULTI COURT PERIOD YR MAINTENANCE HOUSE
Slide 74: Project: European Medicines Agency Amsterdam
PROJECT: EUROPEAN MEDICINES AGENCY AMSTERDAM SECTOR: BUILDING & TECHNOLOGY > NON RESIDENTIAL PROJECTS ORIGINAL CONTRACT SUM: € 190 MLN (50% SHARE) START: 2018 COMPLETED: 2019EUROPEAN (NOW IN MEDICINES AGENCY, AMSTERDAM MULTI YR MAINTENANCE PERIOD)
Slide 75: Project: Science Campus, University of Leiden
PROJECT: SCIENCE CAMPUS, UNIVERSITY OF LEIDEN SECTOR: BUILDING & TECHNOLOGY, NON RESIDENTIAL ORIGINAL CONTRACT SUM: € 71 MLN START: 2021 EXPECTED COMPLETION: Q4 2023
Slide 76: Carmelflats Beek renovation Lefier Emmen
CARMELFLATS - BEEK PROJECT: SEVERAL PROJECTS SECTOR: BUILDING & TECHNOLOGY > RESIDENTIAL SIZE: ROUGHLY € 50 MLN ANNUALLY START: N/A RENOVATION LEFIER - EMMEN COMPLETION: N/A
Slide 77: Project: IXAS / A9 Gaasperdammertunnel
PROJECT: IXAS / A9 GAASPERDAMMERTUNNEL SECTOR: INFRA > CENTRALISED PROJECTS ORIGINAL CONTRACT SUM: APPR. € 600 MLN (33,33% SHARE) START: 2015 COMPLETION: H1 2021 (EXL MULTI YEAR MAINTENANCE PERIOD)
Slide 78: Project: A1 Apeldoorn/Azelo
PROJECT: A1 APELDOORN/AZELO SECTOR: INFRA > CENTRALISED PROJECTS CONTRACT SUM: APPR. € 175 MLN (100% SHARE) START: 2019 COMPLETION: 2021
Slide 79: Project: two projects for network operator Liander
PROJECT: TWO PROJECTS FOR NETWORK OPERATOR LIANDER SECTOR: INFRA > ASSET MANAGEMENT ORIGINAL CONTRACT PROJECT:SUM: IXASAPPR. € 120 MLN (100% SHARE) / A9 GAASPERDAMMERTUNNEL PROJECT 1: 10 YEAR SECTOR: MAINTENANCE INFRA AND PROJECTS > CENTRALISED UPGRADE CONTRACT FOR 1.350 MEDIUM VOLTAGE STATIONS ORIG
Slide 80: Project: Main contract Schiphol
PROJECT: MAINCONTRACT SCHIPHOL SECTOR: INFRA > ASSET MANAGEMENT ORIGINAL CONTRACT SUM: APPR. € 45 MLN ANNUALLY START: 2019 COMPLETION: 2028 PROJECT: TWO PROJECTS FOR NETWORK OPERATOR LIANDER SECTOR: INFRA > ASSET MANAGEMENT ORIGINAL CONTRACT PROJECT:SUM: IXASAPPR. € 120 MLN (100% SHARE) / A9 GAASPER
Slide 81: Appendices
EXCAVATIONS AT THE MAANWIJK PROJECT (MUNICIPALITY OF LEUSDEN) Appendices 81
Slide 82: Executive Board
82 Ton (A.G.J.) Hillen (1961), Member of the APPENDIX Executive Board as of 18 April 2012, Chairman of the Executive Board as of 1 December 2016. responsible for: General Affairs, Infrastructure, Property Development, Building & Technology, Innovation, HR / Management Development, Executive Board Pr
Slide 83: Property development process
83 APPENDIX Property development process Process and timing unsold unsold unsold sold sold sold sold sold sold sold sold sold sold Obtaining Start Start sale Start building Delivery to consumer Land position Property development 70/80% pre-sold 1-6 years 1-2 years 3-6 months 1-2 years Revenues recog
Slide 84: Risk management approach
84 • ‘Best in class’ project reporting providing good insight on project APPENDIX opportunities as well as risks, issues, cash flow and progress; • Uniform risk classification for all projects into three categories. Direct involvement from Executive Board in large and complex projects in all phases;
Slide 85: Towards one integrated ERP platform (SAP)
85 APPENDIX • Successful deployed to all employees and now implemented in all business segments • Proven project approach and timelines (Initiated in Towards one integrated ERP 2011, Blueprint Q4 2012, start roll-out 2013, implementation completed in 2018; platform (SAP) • Generic processes based up
Slide 86: IFRS % of completion method
86 APPENDIX IFRS % of completion method • Direct costing applied, i.e. the gross margin is recognized on the basis of the percentage of completion method. • In this method, 50% of the gross profit is recognized half way the project, and 100% at completion. • Suppose a EUR 100 mln with 10% gross marg
Slide 87: Shareholder base
Institutional Shares by Style Value 7.6% 87 3.1% Growth 6.3% Hedge Fund Shareholder base 15.5% 49.1% GARP Index 18.4% Other The following shareholdings in excess of 3% have been identified: Shareholdings Heijmans 31 december 2021 Institutional Shares by Geography 0.3% United States Share in capital
Slide 88: Project images in this handout
88 APPENDIX Project images in this handout Slide Project Locat ion Business Segment 6 Heijmans One Replaceable Residential 12 Greenville resp. Maanwijk Utrecht Leidsche Rijn resp. Leusden Property Development / Residential 13 Student Housing Technical University Eindhoven Residential 14 Hart van Zui
Slide 89: Contact details / Disclaimer
89 CONTACT DETAILS HEIJMANS N.V. CONTACT: PO Box 2 Guido Peters 5240 BB Rosmalen, The Netherlands Investor Relations Heijmans www.heijmans.nl +31 73 543 5482 http://twitter.com/HeijmansNL gpeters@heijmans.nl DISCLAIMER This presentation has been prepared by and is the responsibility of Heijmans N.V.
Slide 90: heijmansnl @heijmansnl heijmans
heijmansnl @heijmansnl heijmans heijmansnl