Slide 1: STRABAG SE January–June 2017 Results
STRABAG SE JANUARY–JUNE 2017 RESULTS 31 AUGUST 2017
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 rose by 10%
OUTPUT VOLUME ROSE BY 10 % OUTPUT VOLUME (€M) 20,000 ● Driven especially by German transportation infrastructure business as well as building 13,491 construction and civil engineering in Austria 10% 6,254 5,677 0 6M/17 6M/16 2016 ORDER BACKLOG (€M) 7% 20,000 ● Another record high 16,473 15,413 14,81
Slide 4: EBITDA and EBIT impacted by positive one-off last year
EBITDA AND EBIT IMPACTED BY POSITIVE ONE-OFF LAST YEAR EBITDA (€M) 1,000 8551) ● Non-operating profit of € 27.81 million had positively impacted EBITDA and EBIT in 2016 ● Increase in EBITDA compared to adjusted 6M/16 figure -4% 151 1571) -100 6M/17 6M/16 2016 EBIT (€M) 500 4251) ● Depreciation and a
Slide 5: Negative exchange rate differences and lower 'minority relief'
NEGATIVE EXCHANGE RATE DIFFERENCES AND LOWER ‘MINORITY RELIEF‘ NET INCOME AFTER MINORITIES (€M) EARNINGS PER SHARE (€) 300 278 3 2.71 -142% -142% -60 -25 -0.59 -0.24 6M/17 6M/16 2016 6M/17 6M/16 2016 -200 -2 ● Net interest income at € -37 million (after € -6 million in 6M/16), due to negative FX dif
Slide 6: High equity ratio and net cash position
HIGH EQUITY RATIO AND NET CASH POSITION ASSETS(1) LIABILITIES AND EQUITY(1) (€m) 6M/17 2016 (€m) 6M/17 2016 Intangible assets 499 496 Share capital 110 110 PP&E & investment property 1,945 1,936 Capital reserves 2,315 2,315 Associated companies 353 348 Retained earnings 629 761 Other financial asset
Slide 7: All cash flows improved
ALL CASH FLOWS IMPROVED (€m) 6M/17 ∆% 6M/16 Cash – beginning of period 1,998 -27 2,727 Cash flow from earnings 69 -44 125 ∆ Working Capital -270 64 -748 Cash flow from operating activities -201 68 -623 Cash flow from investing activities -145 10 -161 Cash flow from financing activities -19 95 -345 N
Slide 8: North + West: seasonally usual negative EBIT contained
NORTH + WEST: SEASONALLY USUAL NEGATIVE EBIT CONTAINED KEY INDICATORS COMMENTS (€m) 6M/17 Δ% 6M/16 ● Output volume increased by 9% Output volume 2,783 9 2,558 ● Seasonally usual negative EBIT contained, among Revenue 2,608 8 2,417 others thanks to improved project earnings in Order backlog 8,242 14
Slide 9: South + East notices improvements in several countries
SOUTH + EAST NOTICES IMPROVEMENTS IN SEVERAL COUNTRIES KEY INDICATORS COMMENTS (€m) 6M/17 Δ% 6M/16 ● Output volume climbs by 7% thanks to Austria and Output volume 1,810 7 1,699 Hungary Revenue 1,730 5 1,644 ● EBIT improved significantly due to Hungary and Order backlog 4,148 14 3,630 Russia, among
Slide 10: International + Special Divisions affected by real estate development
INTERNATIONAL + SPECIAL DIVISIONS AFFECTED BY REAL ESTATE DEVELOPMENT KEY INDICATORS COMMENTS (€m) 6M/17 Δ% 6M/16 ● Output volume up by 17% due to large projects in Output volume 1,589 17 1,359 core markets Germany, Austria and the Americas Revenue 1,302 5 1,238 ● EBIT remains still negative; sale o
Slide 11: Outlook 2017
OUTLOOK 2017 ● Output volume 2017 of ≥ 14.0 billion forecasted (≥ +4%) ● EBIT margin (EBIT/revenue) targeted at ≥ 3% 11 6M/2017, August 2017
Slide 12: STRABAG SE January–June 2017 Results
STRABAG SE JANUARY–JUNE 2017 RESULTS 31 AUGUST 2017