Fugro Nv · EURONEXT:FUR
Fugro Nv — Q1 2018 Earnings Presentation
7 slides from Fugro Nv's earnings presentation, Apr 26, 2018
Slide 1: Q1 2018 trading update
Q1 2018 trading update 26 April 2018
Slide 2: Key take-aways Q1 2018
Key take-aways Q1 2018 First year-on-year revenue and backlog growth since 12 quarters Offshore oil and gas market stabilising Non-oil and gas markets, mostly building & infrastructure and offshore wind, continue to develop positively Margin improvement still limited due to oversupply and co
Slide 3: Financial highlights Q1 2018
Financial highlights Q1 2018 Y-o-y revenue increase of 3.3% on comparable basis EBIT improved from a high-single digit to mid-single digit negative margin in seasonally weak first quarter Cash flow from operating activities after investments negative mostly due to increased working capital N
Slide 4: Revenue growth driven by Marine division
Revenue growth driven by Marine division 3.3%* X EUR million 30 389 377 -2 - 16 350 - 39 Q1 2017 Marine Land Geoscience Q1 2018 Currency and Q1 2018 corrected* portfolio effect * Corrected for currency effect (around – 9%) and for portfolio changes related to divestment of marine construction & inst
Slide 5: Backlog: first year-on-year increase after 12 quarters of decline
Backlog: first year-on-year increase after 12 quarters of decline 12 month backlog Comparable growth* (x EUR million) 1Q17 4Q17 1Q18 Y-on-Y Q-on-Q Site characterisation Marine 240 212 247 12.5% 18.5% Asset integrity Marine 415 333 341 6.5% 4.4% Marine 655 545 588 8.9% 9.9% Site characterisation Land
Slide 6: Outlook 2018
Outlook 2018 General market developments stabilising oil and gas environment continued growth in building & infrastructure and renewables markets Fugro outlook 2018 revenue growth improved EBIT margin positive cash flow from operating activities after investments capex of around EUR 80 m
Slide 7: Q&A
Q&A 7 Trading update Q1 2018 www.fugro.com