Koninklijke Heijmans N.v. · EURONEXT:HEIJM
Koninklijke Heijmans — Royal Heijmans — H1 2024 Earnings Presentation
26 slides from Koninklijke Heijmans's earnings presentation, Jul 26, 2024
Slide 1: Royal Heijmans Interim results 2024
Royal Heijmans Interim results 2024 Presentation 26 July 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the responsibility of Royal Heijmans N.V. This presentation is being supplied to you solely for your information and use at the presentation which will be or was held on 26 July, 2024. The information may not be further distributed or passed o
Slide 3: Safety
Safety
Slide 4: Safety
Safety Number of accidents IF* figure (incl. subcontractors and replacement work) (own employees, incl. temporary staff) 4 2022 2023 H1 2024 3 Accidents impact large 1,0 2,3 0,0 Accidents impact medium 28,6 19,1 4,5 2 Accidents impact small 38 50,5 34,4 1 Accidents impact total 67,6 71,9 38,9 0 *IF
Slide 5: Highlights H1 2024
Revenue rises to € 1.217 billion (H1 2023: € 937 million). Highlights Underlying EBITDA increases to € 91 million from € 49 million H1 2024 (margin up to 7.5% from 5.2%). Number of homes sold: 1,587 (H1 2023: 876 homes) Order book increases to € 3.0 billion from € 2.6 billion (H1 2023) Accelerated r
Slide 6: Key figures H1 2024
heijmans Key figures H1 2024 H1 2024 H1 2023 2023 Revenues 1.217 937 2.117 Underlying EBITDA eT 49 147 Result after tax 37 18 60 Earnings per share (in €) 1,39 0,77 24 Order book 3.001 2.641 2.757 Net (-) debt / (+) cash -92 16 137 Solvency 31% 30% 28% Number of FTEs $.518 $.021 $.316 + Underlying E
Slide 7: Current news
Current news • Continued shortages on the housing market • Grid congestion • Acquisition Van Gisbergen • Most sustainable asphalt plant
Slide 8: Developments per segment
Developments per segment Living – Working - Connecting
Slide 9: Living
Activities: Initiate, develop, build, renovate, transform and sell mainly residential properties Key value drivers: • Strong landbank (30.000 positions) • Long standing relationships with local government and housing corporations Living • Mass customisable housing from own factory • Holistic view on
Slide 10: Living: strong demand driving results
Living: strong demand driving results Living H1 2024 H1 2023 2023 • Revenue (mln) 485 329 820 • Underlying EBITDA (mln) 41 20 59 • Underlying EBITDA margin 8.5% 6.1% 7.2% Order • book (mln) 1,099 860 989 • Van Wanrooij acquisition has positive impact on Living performance vs H1 2023. • Higher revenu
Slide 11: Working
Activities Design, construct, transform, maintain and operate buildings with high-quality electrical and mechanical installations Key value drivers: • Many 1 on 1 relationships / projects • Strong technical services backbone; recurring business Working • Deep expertise in government buildings, airpo
Slide 12: Working: growth in revenue and profit
Working: growth in revenue and profit Working H1 2024 H1 2023 2023 Revenue (mln) 304 242 536 Underlying EBITDA (mln) 22 14 34 Underlying EBITDA margin 7.2% 5.8% 6.3% Order book (mln) 885 827 786 • Demand remains high for management and maintenance, as well as office renovation and sustainability mea
Slide 13: Connecting
Connecting Activities Design, construct, renovate and sustainable maintaining of public space and (energy) infrastructure Key value drivers: • Integral innovative approach • Strong focus on more sustainable production process • Deep expertise in fields of road construction, expanding energy grid and
Slide 14: Connecting: growing profitability
Connecting: growing profitability Connecting H1 2024 H1 2023 2023 •Revenue (mln) 452 381 800 •Underlying EBITDA (mln) 30 23 66* •Underlying EBITDA margin 6.6% 6.0% 8.3% •Order book (mln) 1,040 1,010 1,011 * 2023 result influenced by the release of € 14 million provision (Wintrack II case). • Strong
Slide 15: Financial
Financial
Slide 16: Statement of profit or loss
heijmans Statement of profit or loss H1 2024 H1 2023 2023 Revenues 1.217 937 2.117 Living 41 20 59 Working 22 14 34 Connecting (excluding Wintrack II) 30 23 52 Impact Wintrack I 1°) i) 14 Corporate 2 8 -12 Underlying EBITDA 91 49 147 EBITDA joint ventures 6 -2 5 Impairment on land holding 4 oO 0 Acq
Slide 17: Net cash position and financing
Net cash position and financing • Net debt position 30 June 2024: € 92 million. • Current expectation: return to net positive cash position in early 2025. • In H1 2024, € 35-million accelerated repayment of term loan, leaving € 30 million of the original € 80 million outstanding at 30 June 2024. • I
Slide 18: Sustainability
heijmans Sustainability
Slide 19: Sustainability
Sustainability • 10% reduction in direct CO₂ emissions (scope 1 & 2) in H1 2024 vs H1 2023, so on track with our target for the full year 2024. • On average, 50% of asphalt applied is recycled asphalt, rising up to 70% for bulk assignments. • Waste Monitor, industry first. • Cooperation in industry
Slide 20: Outlook
Outlook Voetregel invoegen via menu Beeld > Koptekst en voettekst 20
Slide 21: Outlook for full year 2024
Outlook for full Revenue rises towards € 2.5 billion mark. year 2024 Underlying EBITDA margin rises to around 7.5% (target was a minimum of 6.5%). Positive net cash position no later than early 2025 (was 2026). Order book stands at € 3.0 bn with increasing quality. Well on track to achieve underlyin
Slide 22: Creators of the healthy living environment
We are Creators of the healthy living environment We are makers. We add something to the world. We always do so with respect for people, animals and nature. Our yellow heart We like to help. We take care of each other and make sure things get done. Now and in the future. The Netherlands is coming to
Slide 23: Q&A
Q&A
Slide 24: Financial calendar
Financial calendar 2024 • Q3: Expect to close acquisition of Van Gisbergen (subject to ACM approval). • 31 October: third quarter trading update. 2025 • 21 February: publication annual results. • 16 April: General Meeting of Shareholders. • 25 April: first quarter trading update • 25 July: publicati
Slide 25: Contact Details
Contact Details HEIJMANS N.V. INVESTOR RELATIONS MEDIA PO Box 2 Bart Boleij Martijn van de Koolwijk 5240 BB Rosmalen, The Netherlands +31 73 543 5482 + 31 6 41 25 55 08 www.heijmans.nl bboleij@heijmans.nl mkoolwijk@heijmans.nl 25
Slide 26: heymans
heymans