Slide 1: Annual results 2022
Annual results 2022 FRIDAY 17 FEBRUARY 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the responsibility of Heijmans N.V. This presentation is being supplied to you solely for your information and use at the presentation w hich w ill be or w as held on July 29, 2022. The information may not be further distributed or passed on t
Slide 3: Heijmans: strong results in 2022
TON HILLEN, CEO GAVIN VAN BOEKEL, CFO Heijmans: strong results in 2022
Slide 4: We work safely or we don't work at all
WE WORK SAFELY OR WE DON’T WORK AT ALL OPENING SOLAR HIGHWAYS
Slide 5: Safety
Safety Trend in number of ac c idents (inc l. subc ontrac tors and Trend IF figure (own personnel inc l. agenc y workers) replac ement work) 2018 2019 2020 2021 2022 Fa ta l accidents 0 1 0 0 1 IF (period of past 12 months) 3.9 3.3 3.7 3.8 2.7 # Acci dents 87 84 85 66 71 *IF- Injury Frequenc y = num
Slide 6: Electric crawler crane, Gorinchem-Waardenburg dyke reinforcement
ELECTRIC CRAWLER CRANE, GORINCHEM- WAARDENBURG DYKE REINFORCEMENT
Slide 7: Highlights 2022
Highlights 2022 • Revenue slightly higher at € 1.8 billion. • Underlying EBITDA up by 19% at € 126 million (margin 7.0%). • Net result rises to € 60 million in 2022, an increase of 20% vs. 2021. • Order book ends € 300 million higher at € 2.4 billion. • Robust solvency, strong operational cash flow,
Slide 8: Key figures 2022
Key figures 2022 Key figures (x € 1 million) H2 2022 H2 2021 2022 2021 Revenues 949 867 1.812 1.748 Underlying EBITDA* 60 71 126 106 Result after tax 30 40 60 50 Earnings per share (in €) 1,25 1,81 2,56 2,24 Order book 2.358 2.061 2.358 2.061 Net cash 151 91 151 91 Solvency 29% 30% 29% 30% Number of
Slide 9: Six-year progression: focus on profitable growth
Six-year progression: focus on profitable growth Steady revenue growth with focus on margin improvement ……….…resulting in 19% EBITDA growth, with all business areas meeting target margins in 2022 Turnover and margin (underlying EBITDA) Underlying EBITDA 2.000 8,0% 140 130 127 7,0% 120 1.800 110 106
Slide 10: Renovation Nieuwe Meer intersection awarded to Triax consortium
RENOVATION NIEUWE MEER INTERSECTION AWARDED TO TRIAX CONSORTIUM 10
Slide 11: Leusden, Maanwijk
LEUSDEN, MAANWIJK
Slide 12: Developments per sector
heymans Developments per sector
Slide 13: Property development: rising revenue and result
Property development: rising revenue and result (x € 1 million) H2 2022 H2 2021 2022 2021 Revenues 275 260 570 548 Underlying EBITDA 22 17 42 36 Underlying EBITDA margin 8,0% 6,5% 7,4% 6,6% Order book 596 595 • Higher revenue and underlying EBITDA margin vs. 2021. • Drop in the number of homes sold
Slide 14: Culemborg, Parijsch project
CULEMBORG, PARIJSCH PROJECT
Slide 15: Building & Technology: biggest revenue increase
Building & Technology: biggest revenue increase (x € 1 million) H2 2022 H2 2021 2022 2021 Revenues 504 406 933 789 Underlying EBITDA 21 18 38 34 Underlying EBITDA margin 4,2% 4,4% 4,1% 4,3% Order book 1.227 1.224 • Revenue up by 18%, mainly as a result of residential building and non-residential pro
Slide 16: TU Eindhoven Campus new student homes
TU EINDHOVEN CAMPUS 735 NEW STUDENT HOMES
Slide 17: Infra: temporary, anticipated volume decline
Infra: temporary, anticipated volume decline (x € 1 million) H2 2022 H2 2021 2022 2021 Revenues 353 363 661 738 Underlying EBITDA (including Wintrack) 21 38 55 41 Underlying EBITDA margin 5,9% 10,5% 8,3% 5,6% Underlying EBITDA (excluding Wintrack 36 75 Order book 1.007 712 • Revenue declines by arou
Slide 18: Schiphol, major maintenance
SCHIPHOL, MAJOR MAINTENANCE
Slide 19: Financial
heymans Financial
Slide 20: Statement of income
(x € 1 million) H2 2022 H2 2021 2022 2021 Revenues 949 867 1.812 1.748 Property development 22 17 42 36 Building & Technology 21 18 38 34 Infra 21 38 55 41 Statement of Corporate/other Underlying EBITDA -4 60 -2 71 -9 126 -5 106 income Adjustment operating result joint ventures Write down on propert
Slide 21: Taxes
Taxes • The effective tax rate for 2022 is 18.5% (2021: 8.5%) and is lower than the nominal tax rate (25.8%). This is due to the recognition of remaining previously unrecognised fiscal unit losses (€ 4.6 mln). • Year-end 2022: € 80.4 mln in deductible fiscal unit losses, now fully recognised. • As p
Slide 22: Cash flow and financing
Cash flow and financing • Net cash position improves to € 151 million, on balance an improvement of € 60 million. • Working capital remains at a healthy level, despite legal limitation of SME payment terms to maximum of 30 days. • Solvency remains at a robust level of 29.3% (2021: 30.1%). Slight dro
Slide 23: Maintenance TU Twente buildings
MAINTENANCE TU TWENTE BUILDINGS
Slide 24: Sustainability at Heijmans
Sustainability at Heijmans • Sustainability is an integral part of our strategy. • Over the past few years, Heijmans has made a lot of progress on our central themes: climate, circularity, biodiversity and nature-inclusive construction. • Recognition from the industry (Cobouw M ost sustainable const
Slide 25: We are taking concrete steps
We are taking concrete steps › CO2 footprint almost halved since 2015 and reduced by 13% since 2020. › All new lease cars will be electric as from 1 January 2023. › Major investments in improving the sustainability of equipment. › First practical applications of circular concrete (concrete walls in
Slide 26: A1 Twello foundation method, high-voltage masts, Schiphol contracts
A1 TWELLO FOUNDATION METHOD MACHINE DRILLING FOR HIGH-VOLTAGE MASTS MAIN CONTRACTS SCHIPHOL
Slide 27: Outlook
heymans Outlook 27
Slide 28: Heijmans reiterates outlook for 2023
Heijmans reiterates outlook for 2023 • In view of diversification and volume of order book, outlook for 2023 is robust. • Slightly higher revenue with comparable underlying EBITDA (excl. Wintrack II). • Decline in volume at Property development (lower home sales) will be more than compensated by a r
Slide 29: Heijmans: strong results in 2022
Heijmans: strong results in 2022
Slide 30: heijmansnl @heijmansnl heijmans
heijmansnl @heijmansnl heijmans heijmansnl
Slide 31: Heijmans en CSRD/taxonomie
Heijmans en CSRD/taxonomie › Increasing demand for transparent reporting on non-financial data. › Over the past few years, Heijmans has gained experience with NFRD and GRI. › After only publishing eligibility last year, this year’s reporting expanded with alignment. › A shift still possible in comin