Porr Ag · VIE:POS
Porr — Q1 2023 Earnings Presentation
10 slides from Porr's earnings presentation, May 2023
Slide 1: Investor Presentation May 2023
Investor Presentation May 2023
Slide 2: Disclaimer
• This presentation was prepared by PORR AG (the "Company") • This presentation contains forward-looking statements solely for use at investors’ meetings and is provided solely relating to the business, financial performance and results of for informational purposes. the Company and/or the industry
Slide 3: Strong start into the year
Strong start into the year 1 Maintaining stability and building value Record order backlog at EUR 8.2 bn (+2.2%) 2 Major new order to come in Q2 EBT at EUR 4.5m (EUR +3.9m) 3 Positive bottom line despite seasonality in construction Stable balance sheet 4 Net debt reduction, strong liquidity Outlook
Slide 4: EU production in construction and order intakes
High-level output in construction Recovering order intakes 106 140 EU production in construction Order intakes in Austria indexed by Dec. 2022 120 indexed by Dec. 2021 104 100 102 80 100 60 98 40 Dez 21 Mrz 22 Jun 22 Sep 22 Dez 22 Mrz 23 Dez 22 Jan 23 Feb 23 Mrz 23 Civil Engineering Building Constru
Slide 5: Order backlog and order intake
Order backlog in EUR m Order intake in EUR m +26% +11% 7,920 8,033 8,211 1,850 6,527 55% 1,429 1,278 1,150 58% 50% 58% 30% 21% 25% 22% 12% 10% 12% 5% 9% 5% 13% 15% Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Civil engineering Non-residential construction Civil engineering Non-res
Slide 6: Selected projects
Heat and power plant Supreme Audit Office Q-Tower Siezenheim, AT Prag, CZ Vienna, AT Habour extension PEMA 3 Railway modernisation Constanța, RO Innsbruck, AT Grădiștea, RO Investor presentation Q1 2023 May 2023 6
Slide 7: Production output and EBT
Production output in EUR m EBT in EUR m EBT margins in % of production output +9.5% 1,271 1,161 >7.0x 1,002 942 50% 4.5 0.6 0.4% 46% -0.9% 0.0% 15% -2.7% 22% 16% -9.4 10% 8% 9% 12% 2% 8% 2% Q1 2020 Q1 2021 Q1 2022 Q1 2023 -25.5 Holding Infra CEE PL DE AT / CH Q1 2020 Q1 2021 Q1 2022 Q1 2023 • Higher
Slide 8: Equity and net debt
Equity in EUR m Net debt (+) / Net cash (-) in EUR m Equity ratio in % +6.6% 824 799 795 -26% 746 135 20.3% 100 19.3% 19.2% 19.1% -65 -59 2021 Q1/22 2022 Q1/23 2021 Q1/22 2022 Q1/23 • Seasonal reduction as a result of interest • Further y-o-y net debt reduction payment on hybrid capital of EUR 35m •
Slide 9: Photovoltaic rollout and Eco Vadis silver medal
Start of photovoltaic rollout • PV systems to be installed on roofs of around 30 sites and 5 former landfills • Potential of up to 22 GWh/year to be used for own operations • One third of electricity in AT to be generated Silver Medal from Eco Vadis • Among Top 18% in construction industry • Improve
Slide 10: Outlook 2023
Resilient construction industry and record order book Production output at least on 2022 level Further increase in earnings Investor presentation Q1 2023 May 2023 10