Strabag Se · VIE:STR
Strabag — H1 2021 Earnings Presentation
12 slides from Strabag's earnings presentation, Aug 31, 2021
Slide 1: STRABAG SE January–June 2021 Results
STRABAG SE JANUARY–JUNE 2021 RESULTS 31 AUGUST 2021
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: Order backlog reached again a new record high, output volume up by 3%
ORDER BACKLOG REACHED AGAIN A NEW RECORD HIGH, OUTPUT VOLUME UP BY 3% OUTPUT VOLUME (€M) 25,000 ● Growth primarily due to the nearly one-fifth increase in the home market of Austria following 15,447 temporary suspension of construction activity in the wake coronavirus crises last year 3% 6,943 6,720
Slide 4: Strong growth in earnings
STRONG GROWTH IN EARNINGS EBITDA (€M) 1,500 ● Growth of more than a third 1,174 35% 406 300 0 6M/21 6M/20 2020 EBIT (€M) 700 631 ● Depreciation and amortisation comparable to six months 2020 ● Strong increase of EBIT attributable to the segments International + Special Divisions and 211% North + Wes
Slide 5: Net income after minorities after six months high in the positive territory
NET INCOME AFTER MINORITIES AFTER SIX MONTHS HIGH IN THE POSITIVE TERRITORY NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 395 3.85 400 4 n.m. n.m. 88 0.86 0 0 -1 -0.01 -100 -1 6M/21 6M/20 2020 6M/21 6M/20 2020 ● Net interest income less negative at € -3 million after € -13 million in 6M/20
Slide 6: Still high equity ratio of more than 30% despite increased dividend
STILL HIGH EQUITY RATIO OF MORE THAN 30% DESPITE INCREASED DIVIDEND ASSETS1 EQUITY AND LIABILITIES1 (€m) 6M/2021 2020 (€m) 6M/2021 2020 Intangible assets 483 483 Share capital 110 110 Rights from concession Capital reserves 2,315 2,315 arrangements 502 512 Retained earnings 1,070 1,661 PP&E & invest
Slide 7: Business-related strong increase in receivables shifts CFO to negative
BUSINESS-RELATED STRONG INCREASE IN RECEIVABLES SHIFTS CFO TO NEGATIVE (€m) 6M/21 ∆% 6M/20 Cash – beginning of period 2,857 16 2,460 Cash flow from earnings 347 45 239 ∆ Working Capital -410 -99 -206 Cash flow from operating activities -63 n.m. 33 Cash flow from investing activities -220 -22 -180 Ca
Slide 8: North + West: earnings improvements and high demand in German building construction
NORTH + WEST: EARNINGS IMPROVEMENTS AND HIGH DEMAND IN GERMAN BUILDING CONSTRUCTION KEY INDICATORS COMMENTS (€m) 6M/21 Δ% 6M/20 ● Output volume lower due to exceptionally brisk activity in the previous year in Germany Output volume 3,391 -4 3,531 ● EBIT up almost by one third thanks to earnings Reve
Slide 9: South + East EBIT moved into negative territory – positive one-off effect in comparison period
SOUTH + EAST EBIT MOVED INTO NEGATIVE TERRITORY – POSITIVE ONE-OFF EFFECT IN COMPARISON PERIOD KEY INDICATORS COMMENTS (€m) 6M/21 Δ% 6M/20 ● Output volume rose by 10%, Covid-related suspension of construction activity in Austria in the year before Output volume 2,084 10 1,891 ● EBIT entered negative
Slide 10: International + Special Divisions: Covid effects kept in check
INTERNATIONAL + SPECIAL DIVISIONS: COVID EFFECTS KEPT IN CHECK KEY INDICATORS COMMENTS (€m) 6M/21 Δ% 6M/20 ● Output volume higher by 15% due to continuous execution of large projects in the international business Output volume 1,417 15 1,233 ● EBIT turned into positive territory: Revenue 1,398 14 1,
Slide 11: Outlook 2021 upgraded
OUTLOOK 2021 UPGRADED ● Output volume 2021 should reach more than € 15.4 billion; previous estimate “slightly” more than € 15.4 billion ● EBIT margin (EBIT/revenue) 2021 close to target of 4% set for 2022 ● CAPEX (cash flow from investing activities) forecast to not exceed € 450 million 11 6M/2021,
Slide 12: Your questions, please
YOUR QUESTIONS, PLEASE 31 AUGUST 2021