Porr AG · VIE:POS
Porr — Q3 2016 Earnings Presentation
27 slides from Porr's earnings presentation, Nov 29, 2016
Slide 1: PORR AG Q3 2016 Investor Presentation
PORR AG Q3 2016 NEW BUILDING 1H 2016 of PORR AG Investor Investor Presentation Presentation November November 2016 2016 Investor Presentation August 2016
Slide 2: Disclaimer
Disclaimer • This presentation was prepared by PORR AG (the "Company") solely for use at investors’ meetings and is provided solely for informational purposes. • This presentation dates from November 2016. The facts and information contained herein might be subject to revision in the future. Neither
Slide 3: Highlights
01 HIGHLIGHTS Investor Presentation ● November 2016 ● Page 3
Slide 4: Successful Third Quarter: Solid Performance of Home Markets
Successful Third Quarter: Solid Performance of Home Markets +9.8% +10.9% Continued growth in Consistent increase production output of revenues 88% +11.5% of production output Full order book of generated in strong EUR 5.2bn with a home markets high visibility Investor Presentation ● November 2016 ●
Slide 5: Good Profitability and Healthy Balance Sheet
Good Profitability and Healthy Balance Sheet Healthy Balance Sheet – High Liquidity Solid balance sheet enables operational and investment flexibility EBT +25% EUR 212m increased operational of net debt – improved by performance through EUR 52m compared effective cost management to 9M 2015 Investor
Slide 6: Key Figures 9M 2016
Key Figures 9M 2016 EUR m Change. FY 15 9M 15 9M 16 (9M 15 - 9M 16)2 Production output1 3,524 2,540 2,788 9.8% Order intake 4,045 3,128 3,390 8.4% Order backlog 4,579 4,647 5,181 11.5% Revenues 3,140 2,239 2,484 10.9% EBITDA 166 89 112 25.8% EBITDA3 % 4.7 3.5 4.0 EBT 81 33 41 24.2% EBT3 % 2.3 1.3 1.
Slide 7: Consistent, Successful Strategy Focus
Consistent, Successful Strategy Focus 1 Stable and consistent growth in home markets Strong geographical footprint supported by technical excellence Value over volume 2 Strong focus on projects adding most value 3 Solid balance sheet Improved efficiency and cash generation Creating value through str
Slide 8: A Consistent and Lean Organisational Structure
A Consistent and Lean Organisational Structure PORR AG PDE PORR Bau GmbH PES BU 1 – A/CH/CZ BU 2 – Germany BU 3 – International BU 4 – Environmental Engineering, Healthcare & Services Austria Germany Poland Switzerland Nordic (NOR, SWE, DEN) Czech Republic Qatar Slovakia Romania / Bulgaria Home mark
Slide 9: Markets & Strategy
02 MARKETS & STRATEGY Investor Presentation ● November 2016 ● Page 9
Slide 10: PORR Strategy – Intelligent Growth
PORR Strategy – Intelligent Growth MARKETS OPERATIONS Leading role in home markets 3 % EBT margin Profitable project markets Net-debt-free Promising target markets Focus on earnings, not revenues Strict cost & risk management TECHNOLOGY & CULTURE INNOVATION Best place to work Leading role in innovat
Slide 11: Strategic Achievements
Strategic Achievements MARKETS OPERATIONS • Leading market position in Austria • Clear roadmap of sustainable margin • Solid growth in Germany, strong improvements leading to an EBT presence in complex infrastructure margin of 1.5% in 9M 2016 vs. 1.3% in projects 9M 2015 (2.3% FY 2015; 1.9% FY 1
Slide 12: PORR Construction Markets Show Stable Growth Prospects
PORR Construction Markets Show Stable Growth Prospects Market Volume & Approach EUR 1,442bn Home markets Total construction • Well-established with a strong profile in volume in Europe its home markets • Detailed knowledge about the markets, competitors and clients • Great depth of added value / nea
Slide 13: Forecast of Construction Markets
Forecast of Construction Markets Order Intake of construction markets Order intake of construction sector (Europe) Order intake of main construction trades (Germany) Europe: Order intake (EU survey) Europe: 12 months moving weighted average Order intake main construction trades Order intake civil en
Slide 14: A Stable Business Supported by a Full Order Pipeline
A Stable Business Supported by a Full Order Pipeline PORR Markets – focused business model Order backlog by region, EUR m 96 372 AT 549 1,440 1,554 DE 76% PL CH 1,294 1,356 CZ Production output by region, EUR m 18.7 28.8 107 113 37.3 AT 170 DE 149.6 571 88% 317.8 PL 149.6 1,493 Full-service markets
Slide 15: Digitalisation and Construction – Achieving Long-Term Added Value
Digitalisation and Construction – Achieving Long-Term Added Value • Digitalisation of internal organizational workflows (e-billing, e-commerce, standardized workflows): • helps to manage and utilize all kinds of information • provides new opportunities to be PORR with a leading leaner and faster rol
Slide 16: Roadmap 2020: Digitalisation and Construction
Roadmap 2020: Digitalisation and Construction Control and steering mechanisms Change of market situation after digitalisation of construction industry Investor Presentation ● November 2016 ● Page 16
Slide 17: Operational Performance
03 OPERATIONAL PERFORMANCE Investor Presentation ● November 2016 ● Page 17
Slide 18: Increased Production Output and Strong Order Intake
Increased Production Output and Strong Order Intake …% share of production output Business Units* 1 A/CH/CZ 55% 2 Germany 11% 3 International 28% 4 Environmental 5% Engineering, Health- care & Services 1,828 1828 1,845 1845 1,381 1381 1,529 1529 769 769 768 768 837 837 891 891 328 414 414 267 267 31
Slide 19: Solid Order Backlog: Increase of 11.5%
Solid Order Backlog: Increase of 11.5% Order backlog and TOP 15 projects in 9M 2016 (EUR m) Selected projects Country EUR m1 Entry POC Metro Doha "Green Line" QA 944 Jun-13 62.2% Bratislava road D4-R7 SK 300 Jun-16 0.5% KAT 3 Koralm tunnel AT 297 Jun-13 37.2% "Stuttgart 21" Filder tunnel DE 266 Jul-
Slide 20: Order Intake With a Balanced Project Size
Order Intake With a Balanced Project Size Order intake and TOP 12 projects in 9M 2016 (EUR m) Selected projects Country EUR m1 Entry Bratislava road D4-R7 SK 300 Jun-16 Al Wakrah Stadium QA 202 Feb-16 Europaallee ZH Lot F CH 130 Feb-16 Order Intake Expressway S 6 Koszalin PL 99 Mar-16 +262 (+8.4%) Z
Slide 21: Financial Section
04 FINANCIAL SECTION Investor Presentation ● November 2016 ● Page 21
Slide 22: Consolidated Income Statement
Consolidated Income Statement EUR thd 2014 2015 9M 2015 9M 2016 ∆% Production output1 3,474,885 3,523,752 2,539,759 2,787,796 +9.8% Revenues 3,009,118 3,139,687 2,238,624 2,483,719 +10.9% Material costs + Purchased s. -2,026,001 -2,060,827 -1,480,242 -1,632,036 +10.3% - Material costs -680,195 -651,
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet EUR thd 31.12.2014 30.09.2015 31.12.2015 30.09.2016 Long-term 728,013 812,211 715,871 770,656 assets Assets Short-term 1,418,017 1,513,366 1,588,126 1,508,274 assets Total assets 2,146,030 2,325,577 2,303,997 2,278,930 Equity (incl. 385,171 376,925 412,118 399,016 non- con
Slide 24: Key Takeaways
05 KEY TAKEAWAYS Investor Presentation ● November 2016 ● Page 24
Slide 25: A Step Ahead: Key Strategic Priorities
A Step Ahead: Key Strategic Priorities Continued focus on home markets 1 Growth potential especially in Germany, Poland, Czech Republic and Switzerland Exploiting new growth opportunities via export products 2 New project markets like UK and Norway as well as new target markets like Sweden in the fi
Slide 26: A Step Ahead: Key Strategic Priorities
A Step Ahead: Key Strategic Priorities Maintain healthy balance sheet and strong liquidity base 4 Further improving cash management & maintaining net cash position for year end The construction site of the future “Roadmap 2020” 5 Digitalisation of the construction process from the start of design to
Slide 27: Your Questions
06 YOUR QUESTIONS Investor Presentation ● November 2016 ● Page 27