Budimex Sa · GPW:BDX

Budimex Sa — FY2016 Earnings Presentation

17 slides from Budimex Sa's earnings presentation, 2017

  1. Slide 1: Investor Presentation FY'16 financial results

    sense of creating Investor Presentation FY’16 financial results

  2. Slide 2: Budimex Group structure

    Budimex Group structure FY’16 results summary FY’16 sales FY’16 EBIT (% Group sales) (% Group EBIT) Internal eliminations -332 M PLN - 5 M PLN 5 572 M PLN 505 M PLN -6% -1% Construction segment Developer segment Other activities 5 391 M PLN 453 M PLN 350 M PLN 47 M PLN 163 M PLN 10 7MM PLN PLN 97% 9

  3. Slide 3: FY'16 at a glance

    FY’16 at a glance FY’16 results summary  Historic end-year net cash reaching 2,6 bn PLN (+0,3 bn y-o-y)  Top line exceeding 5,5 bn PLN (+9% y-o-y)  Excellent EBIT profitability at 9,1% (+3,4 pp. y-o-y)  Contracts signed amounting to 5,7 bn PLN (-20% y-o-y)  1 615 flats presold by Budimex Nieruc

  4. Slide 4: FY'16 key performance indicators

    FY’16 key performance indicators FY’16 results summary Sales EBIT (% sales) Contracts signed Net cash +9% +73% -20% +301 M 5 572 7 105 2 596 5 134 505 5 691 2 295 Annual data 9,1% 292 5,7% '15 '16 '15 '16 '15 '16 12'15 12'16 +4% +110% -33% +22% 2 596 196 2 127 1 453 2 317 Quarterly data 1 391 1 555

  5. Slide 5: FY'16 sales by segment

    FY’16 sales by segment FY’16 results summary Construction 5 391 Developer 350 1 654 1 442 1 365 141 930 78 49 82 13% 8% 12% 5% 9% 128% -54% 259% 8% 19% 1Q'16 2Q'16 3Q'16 4Q'16 FY'16 1Q'16 2Q'16 3Q'16 4Q'16 FY'16 y-o-y dynamics Other activity Budimex Group 5 572 1 689 1 442 1 453 163 988 52 36 37 38

  6. Slide 6: FY'16 gross margin by segment

    FY’16 gross margin by segment FY’16 results summary Construction Developer 9,7% 11,7% 11,0% 16,3% 12,3% 24,0% 30,2% 22,0% 21,6% 23,4% 663 82 222 168 182 30 90 19 15 18 24% 54% 35% 104% 56% 114% -38% 137% 21% 25% 1Q'16 2Q'16 3Q'16 4Q'16 FY'16 1Q'16 2Q'16 3Q'16 4Q'16 FY'16 % sales Other activity y-o-y

  7. Slide 7: FY'16 EBIT by segment

    FY’16 EBIT by segment FY’16 results summary Construction Developer 4,8% 7,4% 7,7% 12,8% 8,4% 14,5% 15,2% 11,2% 13,4% 13,4% 453 47 174 127 19 107 11 9 7 44 35% 62% 80% 132% 85% -22% -54% 420% 33% 0% 1Q'16 2Q'16 3Q'16 4Q'16 FY'16 1Q'16 2Q'16 3Q'16 4Q'16 FY'16 % sales Other activity y-o-y dynamics Budi

  8. Slide 8: Net cash evolution in Budimex Group

    Net cash evolution in Budimex Group Group results - 208 M dividend +301 M -156 M dividend -303 M +578 M 2 596 dividend 2 295 +154 M 2 127 2 025 1 810 1 784 1 716 1 761 1 562 1 481 1 293 1 178 913 12'13 03'14 06'14 09'14 12'14 03'15 06'15 09'15 12'15 03'16 06'16 09'16 12'16 All figures in M PLN, unle

  9. Slide 9: Construction: growth delivered by Infrastructure

    Construction: growth delivered by Infrastructure Construction segment Construction results (M PLN)  In 2016 construction revenues amounted to FY'16 y-o-y dynamics 5,4 bn PLN (+9% y-o-y) and gross margin profitability strongly improved by 3,7 pp. Sales 5 391 9%  Order backlog grew by 0,5 bn PLN mai

  10. Slide 10: Material prices evolution

    Material prices evolution Construction segment Concrete (1Q’10 = 100) Reinforcement steel (1Q’10 = 100) 160 160 140 140 115 120 120 109 100 100 80 80 60 60 4Q'10 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 4Q'10 4Q'11 4Q'12 4Q'13 4Q'14 4Q'15 4Q'16 Asphalt (1Q’10 = 100) Diesel oil (1Q’10 = 100) 160 160 140 1

  11. Slide 11: Contracts signed in Budimex Group

    Contracts signed in Budimex Group Construction segment Additional contracts pending* (bn PLN) +3,9 bn PLN 7 105 2% 170 6 310 12% 217 3% 5 691 758 460 74 1% 2 070 29% 8% 73 1% 2 039 32% 3 266 2 766 19% 49% 627 4 649 65% Share 1 812 55% 3 439 55% 2 392 42% 828 25% 01-12'13 01-12'14 01-12'15 01-12'16 I

  12. Slide 12: Backlog in Budimex Group

    Backlog in Budimex Group Construction segment 8 930 8 421 13% 10% 1 149 849 2% 136 187 2% 6 107 1 894 22% 2 594 29% 14% 831 4 339 442 7% 155 4% 34% 2 068 977 23% 65% 5 491 57% 5 051 Share 1 899 44% 45% 2 765 30% 1 307 12'13 12'14 12'15 12'16 Infrastructure General construction Railway Industrial All

  13. Slide 13: Developer segment in 2016

    Developer segment in 2016 Developer segment Developer segment results (M PLN)  Segment improved top line by 19% y-o-y and FY'16 y-o-y dynamics managed to maintain strong gross margin Sales 350 19% profitability Gross margin 82 25%  Presales volume dropped by 16% y-o-y mainly 23,4% 1,1 pp. due to l

  14. Slide 14: Budimex Nieruchomosci offer

    Budimex Nieruchomosci offer Developer segment presold Offer as at 12’16 (number of flats) not presold 4 162 4 267 Tricity 76 Warsaw 3 189 283 Poznan 3 090 Cracow 480 239 105 99 1 078 1 072 6 Finished flats Under Total offer construction Under construction: 4 162 flats Land bank: 6 416 flats All figu

  15. Slide 15: Other activities segment

    Other activities segment Other activities segment Other activities segment results (M PLN) FY'16 y-o-y dynamics  In 2016 noted a y-o-y sales decrease mainly due Sales 163 -13% to lower volumes in Elektromontaz-Poznan Gross margin 21 8% 12,7% 2,4 pp.  Gross margin profitability stood at a level of

  16. Slide 16: Budimex market value

    Budimex market value Budimex on Warsaw Stock Exchange Shareholding structure Ferrovial Group WSE symbol BDX 34,2% Number of shares 25 530 098 Aviva OFE 59,1% 52 week min/max 168 / 218 PLN Other 6,7% 52 week average volume 12,1 ths. shares Market value as of 31.12’16 2% 12% -18% -1% 1% -35% -6% -18%

  17. Slide 17: sense of creating

    budimex sense of creating

Budimex — FY2016 Earnings Presentation on 6ix