Slide 1: STRABAG SE January–September 2016 Results
STRABAG SE JANUARY–SEPTEMBER 2016 RESULTS 30 NOVEMBER 2016
Slide 2: Disclaimer
DISCLAIMER This presentation is made by STRABAG SE (the "Company") solely for This presentation contains forward-looking statements relating to the use at investor meetings and is furnished to you solely for your business, financial performance and results of the Company and/or the information. indu
Slide 3: Output volume down, order backlog up
OUTPUT VOLUME DOWN, ORDER BACKLOG UP OUTPUT VOLUME (€M) 20.000 ● High level last year -7% 14,290 ● Lower output primarily in CEE 9,561 10,256 0 9M/16 9M/15 2015 ORDER BACKLOG (€M) 20.000 +9% ● Plus of 30 % in Germany 14,991 13,761 ● Russia, Romania and Denmark declined 13,135 0 9M/16 9M/15 2015 9M/2
Slide 4: EBITDA and EBIT positively impacted by one-off, underlying earnings higher as well
EBITDA AND EBIT POSITIVELY IMPACTED BY ONE-OFF, UNDERLYING EARNINGS HIGHER AS WELL EBITDA (€M) 850 816 ● Non-operating profit of € 27.81 million impacted 12% EBITDA (+12 %) and EBIT (+52 %) 450 404 ● Large-scale projects no longer a burden, improved earnings from South-East European markets ● EBITDA
Slide 5: Earnings per share nearly doubled
EARNINGS PER SHARE NEARLY DOUBLED NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 200 79% 2 79% 156 1.52 104 1.02 58 0.57 9M/16 9M/15 2015 9M/16 9M/15 2015 -200 -2 ● Little change in net interest income ● Tax rate 35.5 % ● Remaining minority interest after acquisition of minorities of Ed. Zü
Slide 6: Reduction of minority interests and corresponding decrease in cash
REDUCTION OF MINORITY INTERESTS AND CORRESPONDING DECREASE IN CASH ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 9M/16 2015 (€m) 9M/16 2015 Intangible assets 505 511 Share capital 110 114 PP&E & investment property 1,979 1,895 Capital reserves 2,232 2,311 Associated companies 362 373 Retained earnings 65
Slide 7: Increased cash flow from earnings, but significantly higher working capital needs
INCREASED CASH FLOW FROM EARNINGS, BUT SIGNIFICANTLY HIGHER WORKING CAPITAL NEEDS (€m) 9M/16 ∆% 9M/15 Cash – beginning of period 2,727 43 1,906 Cash flow from earnings 350 20 311 ∆ Working Capital -920 -119 -419 Cash flow from operating activities -570 -427 -108 Cash flow from investing activities -
Slide 8: North + West: losses contained significantly
NORTH + WEST: LOSSES CONTAINED SIGNIFICANTLY KEY INDICATORS COMMENTS (€m) 9M/16 ∆% 9M/15 ● Output volume -4%: relatively high last year Output volume 4,387 -4 4,569 ● Hydraulic engineering projects no longer a burden Revenue 4,168 -2 4,257 and project in the Netherlands – loss in EBIT Order backlog
Slide 9: South + East: EBIT lower as last year included aperiodic income
SOUTH + EAST: EBIT LOWER AS LAST YEAR INCLUDED APERIODIC INCOME KEY INDICATORS COMMENTS (€m) 9M/16 ∆% 9M/15 ● Output volume down by 11%, mostly in CEE Output volume 2,886 -11 3,256 ● EBIT 11% lower than last year, when aperiodic income 2,778 had been registered Revenue -11 3,119 3,548 ● Order backlo
Slide 10: International + Special Divisions: business outside of Europe hampered by low oil price
INTERNATIONAL + SPECIAL DIVISIONS: BUSINESS OUTSIDE OF EUROPE HAMPERED BY LOW OIL PRICE KEY INDICATORS COMMENTS (€m) 9M/16 ∆% 9M/15 ● Output volume shrank by 6%, especially in Italy and 2,196 2,332 non-European markets Output volume -6 Revenue 1,973 -5 2,085 ● EBIT more or less unchanged Order backl
Slide 11: EBIT outlook 2016 reiterated
EBIT OUTLOOK 2016 REITERATED ● Slightly lower output volume expected (2015: € 14.3 billion) ● EBIT margin (EBIT/revenue) of 3% from 2016 onwards 9M/2016, November 2016 1 Page 11
Slide 12: STRABAG SE January–September 2016 Results
STRABAG SE JANUARY–SEPTEMBER 2016 RESULTS 30 NOVEMBER 2016