Slide 1: STRABAG SE January–June 2015 Results
STRABAG SE JANUARY–JUNE 2015 RESULTS 31 AUGUST 2015
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 grows by 7%
OUTPUT VOLUME GROWS BY 7 % OUTPUT VOLUME (€M) 20000 ● Growth driven primarily by Germany, Slovakia, Poland and Chile 13,566 7% 6,205 5,780 0 6M/15 6M/14 2014 ORDER BACKLOG (€M) 20000 -4% ● Different trends in the backlog: 15,468 14,841 14,403 − several large infrastructure projects in Poland − Germa
Slide 4: EBITDA and EBIT improvement in the double-digit area
EBITDA AND EBIT IMPROVEMENT IN THE DOUBLE-DIGIT AREA EBITDA (€M) 750 720 ● Higher revenue leads to higher EBITDA; higher share of fixed costs covered 54% 124 80 6M/15 6M/14 2014 -150 EBIT (€M) 450 ● Depreciation and amortisation at about last year’s 282 37% level -68 -108 ● Improvement in EBIT influ
Slide 5: Earnings per share at € -0.54 after € -0.91 (+40%)
EARNINGS PER SHARE AT € -0.54 AFTER € -0.91 (+40%) NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 200 2 128 1.25 40% 40% -56 -93 -0.54 -0.91 6M/15 6M/14 2014 6M/15 6M/14 2014 -200 -2 ● Extraordinarily positive FX gains in Swiss franc leads to positive interest income ● Income tax again in p
Slide 6: Slight decline of equity ratio, net debt reduced
SLIGHT DECLINE OF EQUITY RATIO, NET DEBT REDUCED ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 6M/15 2014 (€m) 6M/15 2014 Intangible assets 536 536 Share capital 114 114 PP&E & investment property 2,016 2,048 Capital reserves 2,311 2,311 Associated companies 389 402 Retained earnings 394 459 Other financ
Slide 7: Increased cash flow from earnings, but higher working capital needs
INCREASED CASH FLOW FROM EARNINGS, BUT HIGHER WORKING CAPITAL NEEDS (€m) 6M/15 ∆% 6M/14 Cash – beginning of period 1,906 13 1,685 Cash flow from earnings 80 71 47 ∆ Working Capital -370 -62 -228 Cash flow from operating activities -290 -60 -181 Cash flow from investing activities -106 23 -137 Cash f
Slide 8: North + West: losses comparable to last year
NORTH + WEST: LOSSES COMPARABLE TO LAST YEAR KEY INDICATORS COMMENTS (€m) 6M/15 ∆% 6M/14 ● Output volume +4%: up in Germany and Poland, Output volume 2,744 4 2,649 down in Sweden and Benelux Revenue 2,569 2 2,521 ● EBIT influenced by higher winter losses in Order backlog 6,013 0 6,027 transportation
Slide 9: South + East: EBIT moved into positive territory
SOUTH + EAST: EBIT MOVED INTO POSITIVE TERRITORY KEY INDICATORS COMMENTS (€m) 6M/15 ∆% 6M/14 ● Output volume grew by 5%: High increase in Output volume 1,887 5 1,799 Slovakia; mixed picture in other markets Revenue 1,808 7 1,694 ● EBIT moved from negative into positive territory Order backlog 4,141
Slide 10: International + Special Divisions: stable development
INTERNATIONAL + SPECIAL DIVISIONS: STABLE DEVELOPMENT KEY INDICATORS COMMENTS (€m) 6M/15 ∆% 6M/14 ● Growth in output volume (+18%) due to acquisition of 1,506 1,276 DIW Group last year as well as increases in non- Output volume 18 European markets Revenue 1,356 20 1,128 ● Hardly any movement in EBIT
Slide 11: Outlook 2015 reiterated
OUTLOOK 2015 REITERATED ● Output volume at € 14.0 bn expected ● EBIT forecast: ≥ € 300 m − 2014: € 282 m 6M/2015, August 2015 1 Page 11
Slide 12: STRABAG SE January–June 2015 Results – Q&A
STRABAG SE JANUARY–JUNE 2015 RESULTS Q&A WITH THOMAS BIRTEL, CEO STRABAG SE 31 AUGUST 2015